Home Investment Nigerian stock market extends weekly losses by 1.18%

Nigerian stock market extends weekly losses by 1.18%

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Trading activities on the floor of the Nigerian Stock Exchange (NSE) finished last week on the downswing, as the NSE All-Share Index and Market Capitalization depreciated by 1.18 per cent to close at 31,678.70 and N11.565 trillion respectively.
Similarly, all other indices finished lower with the exception of the NSE Main Board, NSE Insurance, NSE Consumer Goods, NSE Oil and Gas and NSE Pension Indices that finished higher by 0.43 per cent, 1.38 per cent, 1.08 per cent, 0.25 per cent and 0.56 per cent respectively, while NSE ASeM Index closed flat.
The market opened for four trading days last week, as the Federal Government of Nigeria declared Tuesday 20th November 2018 a Public Holiday to mark the Eid-el-Maulud celebrations.
Meanwhile, a total turnover of 1.282 billion shares worth N23.142 billion in 11,467 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 1.285 billion shares valued at N11.539 billion that exchanged hands last week in 13,245 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.058 billion shares valued at N18.744 billion traded in 6,558 deals; thus contributing 82.48 per cent and 81.00 per cent to the total equity turnover volume and value respectively.
The Oil and Gas Industry followed with 96.818 million shares worth N644.178 million in 925 deals. The third place was Consumer Goods Industry with a turnover of 83.134 million shares worth N3.244 billion in 2,114 deals. Trading in the Top Three Equities namely Zenith Bank Plc, Diamond Bank Plc, and Oando Plc, (measured by volume) accounted for 877.505 million shares worth N16.146 billion in 1,423 deals, contributing 68.43 per cent and 69.77 per cent to the total equity turnover volume and value respectively.
Thirty equities appreciated in price during the week, higher than 24 in the previous week. Twenty-four equities depreciated in price, lower than 36 of the previous week, while 115 equities remained unchanged higher than 109 equities recorded in the preceding week
Also traded were a total of 5,637 units of Exchange Traded Products (ETPs) valued at N1.301 million executed in 5 deals compared with a total of 5,727 units valued at N2.284 million that was transacted the previous week in 11 deals.
A total of 3,032 units of Federal Government Bonds valued at N3.046 million were traded in 16 deals compared with a total of 1,034 units valued at N980,295.60 transacted the previous week in 10 deals.
SOURCE; NEW TELEGRAPH

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