Stock market appreciates by 0.04%, W/W


By Philemon Adedeji

The Nigerian Exchange Limited (NGX), All-Share Index (ASI) and Market Capitalisation depreciated by 0.04 per cent to close the week at 54,892.53 points and N29.903 trillion respectively.

All other indices finished higher with the exception of NGX Main Board, NGX 30, NGX Insurance, NGX MERI Growth, NGX Consumer Goods and NGX Industrial Goods which depreciated by 0.30per cent, 0.16 per cent, 0.53 per cent, 0.58 per cent, 0.74 per cent, and 0.49 per cent respectively while the NGX ASeM, NGX Oil and Gas, NGX Growth and NGX Sovereign Bond indices closed flat.

The breakdown of market performance showed a total turnover of 1.689 billion shares worth N11.066 billion in 14,019 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 853.745 million shares valued at N11.841 billion that exchanged hands the week before in 18,543 deals.

The Healthcare Industry (measured by volume) led the activity chart with 1.086 billion shares valued at N1.627 billion traded in 267 deals; thus contributing 64.32 per cent and 14.70 per cent to the total equity turnover volume and value respectively.

The Financial Services Industry followed with 379.556 million shares worth N4.547 billion in 6,711 deals. The third place was the Conglomerates Industry, with a turnover of 89.526 million shares worth N131.231 million in 534 deals.

Trading in the top three equities namely Neimeth International Pharmaceuticals Plc, Transnational Corporation Plc and United Bank for Africa Plc (UBA), (measured by volume) accounted for 1.248 billion shares worth N2.347 billion in 1,102 deals, contributing 73.89 per cent and 21.21 per cent to the total equity turnover volume and value respectively.

On the price movement table, Sunu Assurance recorded as the highest price gainer which appreciated by 9.09 per cent to close at N0.48 per share, closely followed by Lasaco Assurance grew marginally by 7.14 per cent to close at N1.05 per share, while NPF Microfinance Bank rose by 6.94 per cent to close at N1.85 per share.

Geregu Power which recorded as the last fourth gainer went up by 6.25 per share, while Transcorp Hotel which recorded as the last fifth gainer appreciated by 6.15 per cent to close at N6.90 per share.

On the losers chart, NCR Nigeria came as the highest price loser went down by 18.69 per cent to close at N2.35 per share, Ikeja Hotel which followed lost 18.25 per cent to close at N1.03 per share, while International Breweries suffered 6.45 per cent loss to close at N4.35 per share.

Cadbury Plc which recorded as the last fourth loser shed 5.83 per cent to close at N11.30 per share, while Multiverse and Mining Evaporation which recorded as the last fifth loser dipped by 5.80 per cent to close at N5.80 per share.

At the close of the week, Twenty-eight (28) equities appreciated in price during the week higher than nineteen (19) equities in the previous week. Twenty-seven (27) equities depreciated in price lower than forty-seven (47) in the previous week, while one hundred and two (102) equities remained unchanged, higher than ninety-one (91) equities recorded in the previous week.