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Market Digest Nigeria

Business

NSE Index, Market Capitalisation Add 2.26%

The last trading week that ended on Friday, April 28, 2017 on the Nigerian Stock Exchange (NSE), saw an increase in the All-Share Index (ASI) and the Market Capitalization by 2.26 percent, closing at 25,758.51 points and N8.913 trillion respectively.

Similarly, all other Indices finished higher during the week with the exception the NSE Insurance, NSE

Consumer Goods and the NSE Lotus II Indices, which depreciated by 0.17 percent, 0.05 percent and 0.97 percent, while the NSE ASeM Index closed flat.

During the week, 38 equities appreciated in price, higher than 24 equities of the previous week. However, 25 equities depreciated in price, lower than 31 equities of the previous week, while 114 equities remained unchanged lower than 122 equities recorded in the preceding week.

A total turnover of 1.333 billion shares worth N9.671 billion in 16,300 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 896.748 million shares valued at N5.918 billion that exchanged hands last week in 11,185 deals.

The Financial Services Industry (measured by volume) led the activity chart with 960.307million shares valued at N6.098 billion traded in 9,675 deals; thus contributing 72.03% and 63.06% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 154.404 million shares worth N330.132 million in 896 deals. Oil and Gas Industry occupied the third place with a turnover of 60.285 million shares worth N896.174 million in 1,379 deals.

Trading in the Top Three Equities namely – Access Bank Plc., Transnational Corporation of Nigeria Plc. and Fidelity Bank Plc. (measured by volume) accounted for 489.178 million shares worth N1.731 billion in 1,665 deals, contributing 36.69% and 17.90% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 533 units of Exchange Traded Products (ETPs) valued at N32, 204.30 executed in 15 deal compared with a total of 100 units valued at N6, 799.00 transacted last week in 1 deal.

A total of 4,705 units of Federal Government Bonds valued at N3.934 million were traded this week in 4 deals, compared with a total of 1,311 units valued at N1.346 million transacted last week in 7 deals.

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