Capital Market Weekly Report

Compiled By Yemisi Izuora

Oscar Onyema D-G NSE

A turnover of 2,013 billion shares worth N23.377 billion in 20,902 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 1.245 billion shares valued at N15.898 billion that exchanged hands last week in 12,018 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.687 billion shares valued at N16.107 billion traded in 11,626 deals; thus contributing 83.82 percent and 68.90 percent to the total equity turnover volume and value respectively. The Conglomerates Industry followed with a turnover of 156.585 million shares worth N642.075 million in 1,569 deals. The third place was occupied by the Consumer Goods Industry with 57.986 million shares worth N3.014 billion in 3,216 deals.
Trading in the Top Three Equities namely- First City Monument Bank Plc, Ecobank Transnational Incorporated Plc and Zenith International Bank Plc (measured by volume) accounted for 939.627 million shares worth N9.648 billion in 2,970 deals, contributing 46.69 percent and 41.27 percent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 1,852 units of Exchange Traded Products (ETPs) valued at N219,311.75 executed in 19 deals compared with a total of 110,169 units valued at N5.949 transacted last week in 22 deals.

Similarly, a total of 300 units of FGN bonds valued at N313,385.14 were executed in 3 deals compared with a total of 3,720 units of FGN bonds valued at N3.904 million transacted last week in 7 deals.

The NSE All-Share Index and Market Capitalization depreciated by 13.05 percent and 13.03 percentrespectively to close on Friday at 30,143.02 and N9.980 trillion respectively.
Similarly, all the indices finished lower during the week with exception of the NSE ASeM Index that closed flat.

Fourteen (14) equities appreciated in price during the week lower than thirty-nine (39) equities of the preceding week. Fifty-five (55) equities depreciated in price higher than thirty-six (36) equities of the preceding week, while one hundred and twenty-seven (127) equities remained unchanged higher than one hundred and twenty-two (122) recorded in the preceding week.

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