Market records 9 gainers in two-day week as market drops by 1.54%
Only nine equities appreciated in price during the week on the Nigerian Stock Exchange (NSE), lower than 22 equities of the previous week, 48 equities depreciated in price, lower than 52 of the previous week, while 123 equities remained unchanged higher than 106 equities recorded in the preceding week.
The NSE All-Share Index and Market Capitalization depreciated by 1.54 per cent to close the week at 28,854.98 and N9.910 trillion respectively.
Similarly, all other Indices finished lower during the week, with the exception of the NSE ASeM Index that closed flat.
The stock market opened for two trading sessions this week as the Federal Government of Nigeria declared Tuesday 5th, Wednesday 6th and Thursday 7th, 2016 as public holidays to observe the end of the Holy Month of Ramadan and Id-el-Fitr celebrations.
The market recorded a turnover of 377.798 million shares worth N3.641 billion in 7,466 deals traded this week by investors in contrast to a total of 1.469 billion shares valued at N17.065 billion that exchanged hands last week in 21,246 deals.
The Financial Services Industry (measured by volume) led the activity chart with 305.334 million shares valued at N2.011 billion traded in 4,260 deals; thus contributing 80.82 per cent and 55.23 per cent to the total equity turnover volume and value respectively.
The Oil And Gas Industry followed with 32.753 million shares worth N341.230 million in 1,029 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 16.258 million shares worth N635.951 million in 1,179 deals.
Trading in the top-three equities namely –FBN Holdings Plc, Guaranty Trust Bank Plc and Access Bank Plc (measured by volume) accounted for 122.347 million shares worth N1.291 billion in 1,477 deals, contributing 32.38 per cent and 35.47 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 35 units of Exchange Traded Products (ETPs) valued at N374.00 executed in seven deals, compared with a total of 12,695 units valued at N174,028.05 transacted last week in 35 deals.
A total of 13,767 units of Federal Government Bonds valued at N14.356 million were traded in 5 deals compared to a total of 2,979 units of Federal Government Bonds valued at N2.908 million transacted last week in 5 deals.
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