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Market Digest Nigeria

Business

Stock market ends last week of Q1 bullish

The NSE All-Share Index and Market Capitalisation appreciated by 0.24 per cent and 0.25 per cent respectively to close the last trading week of first quarter at 25,516.34 and N8.829 trillion respectively. Similarly, all other Indices finished higher last week with the exception of the NSE Banking and NSE Insurance Indices that depreciated by 1.00 per cent and 0.75 per cent respectively.

A total turnover of 3.195 billion shares worth N104.217 billion in 14,674 deals were traded last week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.309 billion shares valued at N10.323 billion that exchanged hands the previous week in 13,042 deals.

The Financial Services Industry (measured by volume) led the activity chart with 2.784 billion shares valued at N7.932 billion traded in 9,129 deals; thus contributing 87.12 per cent and 7.61 per cent to the total equity turnover volume and value respectively. The Oil and Gas Industry followed with 233.982 million shares worth N92.545 billion in 1,410 deals.

The third place was occupied by Consumer Goods Industry with a turnover of 80.623 million shares worth N1.957 billion in 2,138 deals. Trading in the Top Three Equities namely – Niger Insurance Co. Plc, Standard Trust Assurance Plc and Continental Reinsurance Plc (measured by volume) accounted for 1.523 billion shares worth N1.145 billion in 76 deals, contributing 47.68 per cent and 1.10 per cent to the total equity turnover volume and value respectively.

Thirty-six equities appreciated in price last week, higher than 16 equities of the previous week. Twenty-four equities depreciated in price, lower than 35 equities of the previous week, while 117 equities remained unchanged lower than 126 equities recorded in the preceding week. Also traded last week were a total of 52,885 units of Exchange Traded Products (ETPs) valued at N425,464.25 executed in 19 deals compared with a total of 11,585 units valued at N144,678.50 transacted the previous week in 5 deals

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