Lagos – At the close of trading on Friday, a total turnover of 1.842 billion shares worth N16.594 billion in 18,941 deals were traded by investors on the floor of the Exchange in contrast to a total of 2.004 billion shares valued at N21.582 billion that exchanged hands in the previous week in 18,534 deals.
The equities market reversed gains posted in the previous week, as the bears resurfaced (-1.71% w/w to 37,625.59), causing the Year-to-Date (Year-to-Date) return to close negative, at -1.61 per cent.
Four of the five trading sessions closed in the red, as sell pressures ensued in value stocks. Losses were highly stacked in the Consumer Goods (-3.49%) index, while the Oil & Gas (-2.87%), Industrial Goods (-2.77%), and Banking (-0.07%) indices followed suit.
On the flip side, the Insurance (+0.53%) index was the sole gainer. 40 stocks recorded losses during the week, led by FO (-19.79%) while MBENEFIT (+21.62%) led the 25 losers.
The financial services Industry (measured by volume) led the activity chart with 1.018 billion shares valued at N10.906 billion traded in 10,092 deals; thus contributing 55.28 per cent and 65.72 per cent to the total equity turnover volume and value respectively.
The services Industry followed with 313.481 million shares worth N1.861 billion in 782 deals. The third place was occupied by Natural Resources Industry with a turnover of 304.922 million shares worth N61.366 million in 82 deals.
Trading in the Top Three Equities namely – United Bank for Africa Plc, Multiverse Mining and Exploration Plc and Nigerian Aviation Handling Company Plc (measured by volume) accounted for 912.300 million shares worth N5.308 billion in 1,025 deals, contributing 49.53% and 31.99% to the total equity turnover volume and value respectively.
Also traded during the week were a total of 25,220 units of Exchange Traded Products (ETPs) valued at N454,438.90 executed in 4 deals, compared with a total of 4,211 units valued at N96,115.90 that was transacted last week in 18 deals.
The NSE All-Share Index and Market Capitalisation depreciated by 1.71 per cent to close the week at 37,625.59 and N13.630 trillion respectively.
Similarly, all other indices finished lower with the exception of the NSE Insurance Index that appreciated by 0.53 per cent.
Twenty-seven equities appreciated in price during the week, lower than thirty-two in the previous week. Forty-five equities depreciated in price, higher than thirty-nine equities of the previous week, while ninety-seven equities remained unchanged lower than ninety-eight equities recorded in the preceding week.
The post Equities Market Suffers 1.71% Loss, YTD Now 1.61% appeared first on Independent Newspapers Nigeria.
Source: Daily Independent
We appreciate you for reading our post, but we think it will be better you like our facebook fanpage and also follow us on twitter below.
Title :
Equities Market Suffers 1.71% Loss, YTD Now 1.61%
Description : Lagos – At the close of trading on Friday, a total turnover of 1.842 billion shares worth N16.594 billion in 18,941 deals were traded by i...
Rating :
5