Nigerian Stock Exchange Pared Gains Last Week

The Nigerian Stock Exchange (NSE) pared gained last week to make it the second week the Exchange will close in the red this year.

The NSE All-Share Index depreciated by 0.42 percent or 174.15 index points to close the week at 41,0001.99 index points, down from 41,176.14 index points posted in the previous week.

Market capitalisation dipped by 0.38 percent or N81 billion from N21.530 trillion recorded in the previous to N21.449 trillion last week.

During the week, investors traded total shares of 4.288 billion worth N25.989 billion in 32,849 deals against a total of 3.447 billion shares valued at N32.725 billion that exchanged hands last week in 30,327 deals.

In terms of volume traded, the Financial Services Industry led the activity chart with 2.607 billion shares valued at N12.454 billion traded in 15,128 deals; thus contributing 60.81 percent and 47.92 percent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 813.813 million shares worth N1.561 billion in 2,417 deals. The third place was Oil and Gas Industry, with a turnover of 212.126 million shares worth N821.978 million in 2,726
deals.

The most traded equities for the week were Transnational Corporation of Nigeria, Living Trust Mortgage Bank Plc and Japaul Gold and Ventures Plc. Together, the three accounted for 1.582 billion shares worth N1.564 billion in 2,726 deals and contributed 36.9 percent and 6.02 percent to the total equity turnover volume and value, respectively.