Lagos — Trading activities on the Nigerian Stock Exchange (NSE) were higher with N0.43 per cent despite the mixed performance recorded during the week.
Out of five trading days of the week, market witnessed gain on Monday and Thursday, while the equities were on downward trend on Tuesday, Wednesday and Friday.
Index movement during the week shows that, the NSE All-Share Index rose by 0.43 per cent to close on Friday at 36,403.95 while the market capitalization of the equities on the main board also appreciated by 0.82 per cent to close at N11.591 trillion. Similarly, the NSE 30 Index gained 0.49 per cent to close at 1,697.70.
Other three NSE indices also appreciated in the course of the week: NSE Banking Index, NSE Lotus II and NSE Industrial Goods added 0.05 per cent, 1.07 per cent, and 0.29 per cent respectively.
However, NSE Consumer Goods, NSE Insurance, and NSE Oil/Gas depreciated by 0.31 per cent, 0.19 per cent and 0.35 per cent respectively while NSE-ASeM closed flat.
Activities close Monday on positive note as the NSE ASI appreciated by 88.62 points or 0.24 per cent to close at 36,337.15 points, compared with the depreciation of 0.42 per cent recorded previously, while the market capitalization also appreciated by N28 billion or 0.24 per cent to close at N11.525 trillion compared with depreciation of N48 billion during the previous trading day.
Market turnover closes positive as volume traded climbed by 34.78 per cent against 68.28 per cent downbeat recorded in previous trading day.
NSE Banking index records 0.96 per cent to top the sectoral performance among others while NSE Industrial index is the worst hit with 1.09 per cent loss.
On Tuesday, equities market closed on a negative note, as the NSE ASI depreciated by 0.29 per cent to close at 36,230.83 basis points, while the market capitalization also decline by N34 billion to close at N11.491 trillion.
Market turnover closes negative as volume traded declined by 45.91 per cent against 34.78 per cent upbeat recorded in previous session.
NSE Insurance index records 0.41 per cent to top the sectoral performance among others while NSE Oil & Gas index is the worst hit with 1.00 per cent loss.
The equities market closed Wednesday on a negative note, as the NSE ASI depreciated by 0.04 per cent to close at 36,215.57 basis points, and market capitalization dropped N5 billion to close at N11.486 trillion.
Market turnover closes positive as volume traded declined by 103.89 per cent against 45.91 per cent downbeat recorded in previous session.
NSE Oil & Gas index records 1.00 per cent to top the sectoral performance among others while NSE Food and Beverages index is the worst hit with 0.34 per cent loss.
On Thursday, the equities market closed on a positive note, as market capitalization gain N128 billion to close at N11.614 trillion.
Also, the NSE ASI appreciated by 0.72 per cent to close at 36,476.30 basis points.
Market turnover closes negative as volume traded declined by 20.88 per cent against 102.89 per cent upbeat recorded in previous session.
NSE Industrial index records 1.36 per cent to top the sectoral performance among others while NSE Insurance index is the worst hit with 0.66 per cent loss.
While transaction on Friday closed went down, as market capitalization lost N23 billion to close at N11.591 trillion. Also, NSE ASI depreciated by 72.35 points or 0.20 per cent to close at 36,403.95 basis points.
A turnover of 1.138 billion shares worth N14.130 billion in 24,122 deals were traded this week by investors on the floor of the exchange in contrast to a total of 1.490 billion shares valued at N14.832 billion that exchanged hands last week in 24,590 deals. The Financial Services sector
(measured by volume) led the activity chart with 704.560 million shares valued at N5.985 billion traded in 13,362 deals; thus contributing 61.89 per cent, 42.35 per cent and 55.39 per cent to the total equity turnover volume, value and number of deals respectively.
The Conglomerates sector followed with a turnover of 158.595 million shares worth N397.480 million in 1,117 deals, contributing 13.93 per cent, 2.81 per cent and 4.63 per cent to the total equity turnover volume, value and number of deals respectively. The Construction/Real Estate sector came third with 112.111 million shares worth N627.549 billion in 386 deals.
Trading in the top three equities namely Transnational Corporation of Nigeria Plc, Arbico Plc and Guaranty Trust Bank Plc (measured by volume) accounted for 334.613 million shares worth N2.602 billion in 2,434 deals, contributing 29.39 per cent, 18.41 per cent and 10.09 per cent to the total equity turnover volume, value and deals respectively.
Summary of price changes indicates that 38 equities appreciated in prices during the week higher than 27 equities of the preceding week. Forty three equities depreciated in prices lower than 56 equities of the preceding week, while 113 equities remained unchanged higher than 111 equities of the preceding week.
Top 10 price gainers during the week was led by Jos International Breweries Plc with N1.76 kobo or 60.07 per cent, followed by Vono Products Plc with N0.42 kobo or 43.30 per cent, DN Meyer Plc with N0.45 kobo or 31.47 per cent, Paints and Coatings Manufactures Plc with N0.43 kobo or 25.29 per cent, HIS Plc with N0.45 kobo or 19.15 per cent, Wapic Insurance Plc with N0.12 kobo or 14.63 per cent, Cutix Plc with N0.22 kobo or 13.10 per cent, PZ Cussons Nigeria Plc with N4.50 kobo or 11.90 per cent, Vitafoam Nigeria Plc with N0.42 kobo or 10.53 per cent, and Learn Africa Plc with N0.15 kobo or 10.00 per cent.
International Energy Insurance Company Plc led the top 10 price losers with N0.25 kobo or 23.15 per cent, followed by Aiico Insurance Plc with N0.14 kobo or 14.89 per cent, Red Star Express Plc with N0.70 kobo or 14.89 per cent, Prestige Assurance Company Plc with N0.09 kobo or 13.64 per cent, Airline Services and Logistics Plc with N0.47 kobo or 12.30 per cent, University Press Plc with N0.50 kobo or 11.11 per cent, Evans Medical Plc with N0.41 kobo or 10.65 per cent, Champion Breweries Plc with N1.70 kobo or 9.98 per cent, Portland Paints & Products Nigeria Plc with N0.50 kobo or 9.98 per cent, and Beta Glass Company Plc with N1.31 kobo or 9.94 per cent.