Lagos — Trading activities on the floor of the Nigerian Stock Exchange (NSE) closed the week on a negative trend due to the profit taking by investors.
During the week, the market capitalization of 187 equities listed on the exchange depreciated by N228 billion or 2.10 per cent to close at N10.618 trillion, compared with the appreciation of 1.91 per cent recorded previous week to close at N10.846 trillion.
While the NSE ASI depreciated by 711.88 basis points or 2.10 per cent to close at 33,183.20 points, compared with the appreciation of 1.91 per cent recorded previous week.
Concequently, the equities market closed Monday on a negative trend, as the NSE ASI depreciated marginally by 0.25 per cent to close at 33,811.08 basis points compared with the appreciation of 1.16 per cent recorded previous Friday.
The market capitalization also declined marginally by 0.25 per cent, to close at N10.819 trillion compared with the appreciation of 1.16 per cent recorded previous Friday to close at N10.846 trillion.
On Tuesday equities market closed with a negative note, as the NSE ASI depreciated by 0.58 per cent to close at 33,613.87 points while the market capitalization also declined by 0.58 per cent, to close at N10.756 trillion.
Meanwhile, trading bounce back on Wednesday as equities market closed on positive note with the NSE ASI appreciated by 0.37 per cent to close at 33,736.81 points, while market capitalization also appreciated by 0.37 per cent to close at N10.796 trillion.
The equities market closed Thursday on a negative as the NSE ASI depreciated by 1.97 per ecnt to close at 33,075.14 points.
The market capitalization also depreciated by 1.97 per cent, to close at N10.58 trillion.
However, market capitalisation recorded an increase of N34 billion or 0.32 per cent to close at N10.618 trillion while NSE ASI also rose by 108.06 point or 0.33 per cent to close at 33,183.20 on Friday.
Meanwhile, a turnover of 2.280 billion shares worth N24.633 billion in 28,170 deals were transacted this week on the floor of the exchange in contrast to a total of 2.482 billion shares valued at N22.815 billion that exchanged hands last week in 32,471 deals.
The Financial Services sector was the most active during the week, contributing 67.70 per cent, 58.52 per cent and 55.59 per cent to the total equity turnover volume, value and number of trades respectively in 1.543 billion shares valued at N14.417 billion exchanged hands by investors in 15,660 deals.
The Conglomerates sector followed with a turnover volume of 275.094 million shares worth N554.361 billion in 1,530 deals contributing 12.07 per cent, 2.25 per cent and 5.43 per cent to the total equity turnover volume, value and number of deals respectively. The Consumer Goods sector came third with a turnover volume of 138.015 million shares worth N7.719 billion in 4,820 deals.
Trading in the top three equities namely Transnational Corporation of Nigeria Plc, FBN Holdings Plc and Zenith Bank Plc (measured by turnover volume) accounted for 642.568 million shares worth N8.085 billion in 5,325 deals contributing 28.19 per cent, 32.82 per cent and 18.90 per cent to the total equity turnover volume, value and deals respectively.
Also traded during the week were 2,681 units of NewGold Exchange Traded Funds (ETFs) valued at N6.562 million exchanged hands in 8 deals in contrast to a total of 193 units valued at N471,970 transacted last week in 4 deals.
The Bloomberg NSE Banking and Bloomberg NSE Oil/Gas appreciated by 0.63 per cent and 1.83 per cent respectively. While Bloomberg NSE 30, Bloomberg NSE Consumer Goods, Bloomberg NSE Insurance and NSE Lotus II depreciated by 1.89 per cent, 1.26 per cent, 3.59 per cent and 1.97 per cent respectively.
A review of the equity price movements indicated that 38 equities gained while 46 equities recorded price declines and 113 equities remained constant. When compared with the preceding week, 38 equities gained while 55 equities recorded price declines and 104 equities remained constant.
The gainers during the week was led by Presco Plc with N3.68 kobo or 16.84 per cent, followed by Conoil Plc with N2.10 kobo or 9.09 per cent, Ashaka Cement Plc with N1.58 kobo or 6.93 per cent, Lafarge Wapco Plc with N1.40 kobo or 2.12 per cent, Okomu Oil Palm Plc with N1.19 kobo or 2.27 per cent, Oando Plc with N0.98 kobo or 7.00 per cent, NCR (Nigeria) Plc with N0.87kobo or 4.95 per cent, Zenith Bank Plc with N0.59 kobo or 2.88 per cent, Unilever Nigeria Plc with N0.50 kobo or 1.01 per cent and DN Meyer Plc with N0.46 kobo or 20.91 per cent.
On the losers chart, Dangote Cement Plc with N12.01 kobo or 7.51 per cent, followed by Nigerian Breweries Plc with N4.50 kobo or 2.71 per cent, Nestle Nigeria Plc with N4.00 kobo or 0.45 per cent, Cadbury Nigeria Plc with N1.55 kobo or 4.18 per cent, Mobil Oil Nigeria Plc with N1.50 kobo or 1.15 per cent, MRS Oil Nigeria Plc with N1.45 kobo or 5.00 per cent, UACN Property Development Co. Limited with N1.10 kobo or 6.88 per cent, Flour Mills Nigeria Plc with N0.87 kobo or 1.13 per cent, Berger Paints Plc with N0.72 kobo or 7.05 per cent and Airline Services And Logistics Plc with N0.51 kobo or 9.81 per cent.