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48 Stocks Fall In One Week As NSE Index Sheds 2.42%

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By Modupe Gbadeyanka

A total of 10 equities appreciated in price during the week at the Nigerian Stock Exchange (NSE), lower than 18 equities of the previous week.

During the week also, 48 equities depreciated in price, higher than 36 equities of the previous week, while 123 equities remained unchanged lower than 127 equities recorded in the preceding week.

Business Post correspondent reports that also during the week, the NSE All-Share Index and Market Capitalization depreciated by 2.42 percent to close the week at 25,537.54 points and N8.791 trillion respectively.

Similarly, all other Indices finished lower during the week with the exception of the NSE Insurance Index that appreciated by 0.49 percent while the NSE ASeM Index closed flat.

A turnover of 823.547 million shares worth N5.444 billion in 11,634 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.847 billion shares valued at N7.420 billion that exchanged hands last week in 16,065 deals.

The Financial Services Industry (measured by volume) led the activity chart with 616.999 million shares valued at N2.667 billion traded in 6,142 deals; thus contributing 74.92 percent and 49.00 percent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 47.741 million shares worth N43.735 million in 510 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 42.674 million shares worth N1.735 billion in 2,112 deals.

Trading in the Top Three Equities namely – Standard Alliance Insurance Plc, Diamond Bank Plc and FBN Holdings Plc (measured by volume) accounted for 219.392 million shares worth N288.220 million in 1,026 deals, contributing 26.64% and 5.29% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 60 units of Exchange Traded Products (ETPs) valued at

N537.00 executed in 11 deals, compared with a total of 5,080 units valued at N62,550.75 transacted last week in 17 deals.

Likewise, a total of 6,871 units of Federal Government Bonds valued at N5.990 million were traded in 8 deals compared to a total of 73,694 units of Federal Government Bonds valued at N80.177 million transacted last week in 9 deals.

 

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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