Lagos — The Nigerian equities market maintained its downward trend this week index movement on the exchange indicates that the NSE All-Share Index sheds 0.90 per cent to close on Friday at 36,248.53 while the market capitalization of the equities on the main board also depreciated by 0.75 per cent to close at N11.497 trillion.
Also, the NSE 30 Index depreciated by 1.46 per cent to close at 1,689.43.
While NSE-ASem remained flat, all other indices depreciated in the course of the week. The NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Oil/Gas, NSE-Lotus II, NSE Industrial Goods shed 0.84 per cent, 2.69 per cent, 1.89 per cent, 0.38 per cent, 0.27 per cent and 0.37 per cent respectively.
During the week, a turnover of 1.490 billion shares worth N14.832 billion in 24, 590 deals were traded by investors on the floor of the exchange in contrast to a total of 1.118 billion shares valued at N12.941 billion that exchanged hands last week in 24, 489 deals. The Financial Services sector (measured by volume) led the activity chart with 1.052 billion shares valued at N8.042 billion traded in 13,900 deals; thus contributing 70.58 per cent, 54.22 per cent and 56.53 per cent to the total equity turnover volume, value and number of deals respectively.
The Conglomerates sector followed with a turnover of 234.671 million shares worth N555.491 million in 1,452 deals, contributing 15.75 per cent, 3.75 per cent and 5.90 per cent to the total equity turnover volume, value and number of deals respectively. The Consumer Goods sector came third with 53.753 million shares worth N2.401 billion in 4,032 deals.
Trading in the top three equities namely Transnational Corporation of Nigeria Plc, Ecobank Transnational Incorporated Plc and Wema Bank Plc (measured by volume) accounted for 564.277 million shares worth N3.189 billion in 1,692 deals, contributing 37.87 per cent, 21.50 per cent and 6.88 per cent to the total equity turnover volume, value and deals respectively.
On Monday, the equities market resumed on bearish trend as the NSE ASI depreciated by 50.54 points or 0.14 per cent to close at 36,526.74 points, compared with the appreciation of 0.04 per cent recorded previously, while the market capitalization also depreciated by N16 billion or 0.14 per cent to close at N11.568 trillion.
NSE Industrial records 0.49 per cent to top the sectoral performance among others while NSE Banking remains the worst hit with 1.28 per cent loss recorded.
Trading activities recorded mixed reaction on Tuesday as market capitalization appreciated by N1 billion or 0.01 per cent while the NSE ASI depreciated by 46.50 basis points or 0.13 per cent to close at 36,480.24 points.
NSE Insurance records 0.70 per cent to top the sectoral performance among others while NSE Industrial remains the worst hit with 0.77 per cent loss recorded.
On Wednesday, the equities market closed on a negative note, as the NSE ASI depreciated by 0.50 per cent to close at 36,299.30 points.
Also, market capitalization during the day went down by N56 billion to close at N11.513 trillion.
NSE Industrial records 0.61 per cent to top the sectoral performance among others while NSE Food and Beverage remains the worst hit with 0.94 per cent loss recorded.
The equities market closed Thursday on a positive note, as the NSE ASI appreciated by 0.28 per cent to close at 36,400.38 basis points, while market capitalization appreciated by N32 billion to close at N11.545 trillion.
NSE Food and Beverage records 1.61 per cent to top the sectoral performance among others while NSE Oil & Gas is the worst hit with 0.40 per cent loss recorded.
Equities market on Friday declined as the NSE ASI depreciated by 0.42 per cent to close at 36,248.53 basis points, while market capitalization down by N48 billion to close at N11.497 trillion.
NSE Oil & Gas records 0.01 per cent to top the sectoral performance among others while NSE Industrial is the worst hit with 1.59 per cent loss recorded.
Summary of the price during the week shows that 27 equities appreciated in prices during the week lower than 28 equities of the preceding week. Fifty six equities depreciated in prices higher than 52 equities of the preceding week, while 111 equities remained unchanged lower than 114 equities of the preceding week.
The top 10 price gainers during the week was led Jos International Breweries Plc with N1.10 kobo or 60.11 per cent, followed by A.G. Leventis Nigeria Plc with N0.29 kobo or 20.57 per cent, Prestige Assurance Company Plc with N0.11 kobo or 20.00 per cent, Vono Products Plc with N0.16 kobo or 19.75 per cent, UBA Capital Plc with N0.16 kobo or 13.01 per cent, Eterna Plc with N0.31 kobo or 11.27 per cent, DN Meyer Plc with N0.13 kobo or 10.00 per cent, University Press Plc with N0.40 kobo or 9.76 per cent, Livestock Feeds Plc with N0.37 kobo or 9.46 per cent, and P Z Cussons Nigeria Plc with N2.80 kobo or 8.00 per cent.
On the other hand, International Energy Insurance Company Plc led the losers table during the week with N0.41 kobo or 27.52 per cent, followed by UTC Nigeria Plc with N0.17 kobo or 21.25 per cent, and Evans Medical Plc with N0.89 kobo or 18.78 per cent.
Others on the loser charts are Glaxo Smithkline Consumer Nigeria Plc with N9.50 kobo or 13.97 per cent, NCR (Nigeria) Plc with N1.87 kobo or 10.00 per cent, Deap Capital Management & Trust Plc with N0.12 kobo or 9.92 per cent, and Portland Paints & Products Nigeria Plc with N0.55 kobo or 9.89 per cent losses.
While Cutix Plc, Diamond Bank Plc and FCMB Group Plc losses N0.18 kobo or 9.68 per cent, N0.60 kobo or 9.09 per cent, and N0.34 kobo or 8.21 per cent respectively.
Dangote Flour Mills Plc during the week notified the NSE that it has changed its financial year end from 31st December to 30th September of each year, the end of the first new financial year being September 30, 2013 having a nine-month period. This decision was ratified by the company's shareholders at its annual general meeting on Monday, 19th August 2013.