NGX: Stock market depreciates by 0.93%, W/W
By Philemon Adedeji
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and market capitalization depreciated by 0.93 per cent and 0.42 per cent to close the week at 64,721.09 absolute points and N35.422 trillion respectively.
Similarly, all other indices finished lower with the exception of NGX Premium, NGX AFR.
Div. Yield, NGX Consumer Goods, NGX Industrial Goods, NGX Growth and NGX Sovereign Bond indices which appreciated by 0.69 per cent, 0.44 per cent, 2.39 per cent, 0.37 per cent, 1.08 per cent and 0.25 per cent respectively while the NGX ASeM index closed flat.
The breakdown of market performance revealed a total turnover of 1.689 billion shares worth N29.407 billion in 29,477 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.741 billion shares valued at N25.087 billion that exchanged hands last week in 30,652 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.166 billion shares valued at N16.925 billion traded in 13,819 deals; thus contributing 69.04 per cent and 57.55 per cent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 191.320 million shares worth N843.336 million in 1,829 deals. The third place was the Oil & Gas Industry, with a turnover of 64.352 million shares worth N810.637 million in 2,159 deals.
Trading in the top three equities namely FBN Holdings Plc, Transnational Corporation Plc and Fidelity Bank Plc (measured by volume) accounted for 576.688 million shares worth N6.911 billion in 3,524 deals, contributing 34.14 per cent and 23.50 per cent to the total equity turnover volume and value respectively.
On the performance board, Computer Warehouse Group led the gainers with 25.83 per cent to close at N3.80 per share, followed by The Initiate plc which rose by 23.40 per cent to close at N1.16 per share, while Linkages Assurance grew by 20.83 per cent to close at N1.45 per share.
Prestige Assurance went up by 18.07 per cent to close at N0.98 per share.
Secure Electronics technology appreciated by 17.39 per share to close at N0.54 per share.
On the laggards log, Sunu Assurance came as the most price loser with 28.70 per cent to close at N0.82 per share, closely followed by Guinea Insurance which lost 25.64 per cent to close at N0.29 per share, while Nem Insurance dipped by 10.00 per cent to close at N8.40 per share.
Unity bank which came as the last fourth loser went down by 9.79 per cent to close at N1.29 per share
Eterna Oil which recorded as the last fifth loser depreciated by 9.39 per cent to close at N17.85 per share.
