Nigerian Stock Exchange
Stock Investors Lose N303 Billion Last Week
Stock Investors Lose N303 Billion Last Week
Investors in the Nigerian Stock Exchange (NSE) loses N303 billion last week as the bourse continues its bearish run.
The market capitalisation of listed stocks declined by 3.03 percent or N303 billion from N21.819 trillion recorded in the previous week to N21.156 trillion last week.
NSE All-Share Index depreciated by the same 3.04 percent or 1,269.24 index points from 41,709.09 index points posted in the previous week to 40,439.85 index points last week.
The year to date return moderated to 0.4 percent while the Exchange has lost 4.65 percent of its value in February alone.
Investors traded 2.683 billion shares worth N23.662 billion in 27,844 transactions during the week, against a total of 2.767 billion shares estimated at N29.685 billion and exchanged in 31,380 deals in the previous week.
In terms of the volume traded, the Financial Services Industry led the activity chart with 2.032 billion shares valued at N13.416 billion exchanged in 14,832 deals. Therefore, contributing 75.74 percent and 56.70 percent to the total equity turnover volume and value, respectively.
This was followed by the Consumer Goods Industry with 181.766 million shares worth N3.601 billion in 4,676 deals.
Conglomerates Industry came third with a turnover of 175.085 million shares worth N324.006 million in 1,168 deals.
The top three most traded equities were Living Trust Mortgage Bank Plc, First Bank Holding Plc and Zenith Bank Plc, the three accounted for a combined 1.208 billion shares worth N6.580 billion in 3,785 deals. Accounting for 45.02 percent and 27.81 percent of the total equity turnover volume and value, respectively. See the top gainers and losers below.
Nigerian Stock Exchange
Nigerian Exchange Group Leads Gainers as Stock Investors Gained N169 Billion Last Week
The stock price of the Nigerian Exchange Group extended its bullish run to N22 per share last week, representing an increase of 23.95 percent when compared to its N17.75 per share opening price.
During the four trading days week (Eid-iL-Maulud Holiday), investors traded a total of 1.565 billion shares worth N18.384 billion in 21,621 deals, in contrast to a total of 2.838 billion shares valued at N31.653 billion that exchanged hands in 23,355 deals in the previous week.
In terms of the volume traded, the financial service industry led the activity chart with 1.179 billion shares valued at N12.746 billion traded in 13,272 transactions. Therefore, contributing 75.38 percent and 69.33 percent to the total equity turnover volume and value, respectively.
The ICT Industry followed with 131.585 million shares worth N2.151 billion in 636 deals. In third place was Conglomerates Industry, with a turnover of 110.828 million shares worth N 262.227 million in 928 deals.
FBN Holdings Plc, E-Tranzact International Plc and Access Bank Plc were the most traded equities, accounting for 626.888 million shares worth N6.303 billion in 3,677 deals. The three contributed 40.07 percent and 34.29 percent to the total equity turnover volume and value, respectively.
The market value of listed equities gained 0.78 percent or N163 billion from N21.625 trillion in the previous week to N21.794 trillion last week. The NGX All-Share Index also appreciated by 0.78 percent or 325.11 index points to close the week at 41,763.26 index points, up from 41,763.26 index points.
However, all other indices finished lower with the exception of NGX Main Board, NGX 30, NGX Banking, NGX Oil/Gas, NGX Industrial Goods and NGX Sovereign Bond indices which appreciated by 1.64 percent, 0.80 percent, 0.69 percent, 1.40 percent, 2.59 percent and 0.03 percent, respectively, while the NGX ASeM Index closed flat.
The year-to-date return rose to 3.71 percent last week.
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