Nigeria’s stock market, last week ended its trading season on a bearish note amid lingering profit-taking as investors lost N660bn
The NSE All-Share Index and Market Capitalization depreciated by 3.04% to close the week at 40,439.85 and N21.156 trillion respectively.
Similarly, all other indices finished lower with the exception of NSE Growth Index which rose by 0.42% while the NSE ASM and NSE Sovereign Bond Indices closed flat. (See summary of index movements in the table below):
A total turnover of 2.683 billion shares worth N23.662 billion in 27,844 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 2.767 billion shares valued at N29.685 billion that exchanged hands last week in 31,380 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.032 billion shares valued at N13.416 billion traded in 14,832 deals; thus contributing 75.74% and 56.70% to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 181.766 million shares worth N3.601 billion in 4,676 deals. The third place was Conglomerates Industry, with a turnover of 175.085 million shares worth N324.006 million in 1,168 deals.
Trading in the top three equities namely Living Trust Mortgage Bank Plc, First Bank Holding Plc, and Zenith Bank Plc (measured by volume) accounted for 1.208 billion shares worth N6.580 billion in 3,785 deals, contributing 45.02% and 27.81% to the total equity turnover volume and value respectively.
A total of 1.394 million units valued at N5.163 billion were traded this week in 36 deals compared with a total of 238,451 units valued at N1.799 billion transacted the previous week in 38 deals.
A total of 46,721 units valued at N60.054 million were traded this week in 19 deals compared with a total of 8,002 units valued at N9.171 million transacted the previous week in 7 deals. s/n Security Deals Volume.