Weekend update: Stock market depreciates by 0.96%
By Philemon Adedeji
The Nigerian Exchange Limited (NGX), All-Share Index (ASI) depreciated by 522.84 basis points representing 0.96 per cent to close at 53,804.46 index points from 54,327.30 index points it closed upper week Friday and Market Capitalisation value dipped by N281 billion to close at N29.310 trillion.
Similarly, all other indices finished lower with the exception of NGX Premium, NGX Insurance, NGX MERI Growth, NGX Consumer Goods, NGX Oil and Gas, NGX Industrial Goods and NGX Growth indices which appreciated by 0.54 per cent, 1.18 per cent, 0.44 per cent, 0.67 per cent, 0.91 per cent, 0.06 per cent and 7.15 per cent respectively while the NGX ASeM and NGX Sovereign Bond indices closed flat.
The breakdown of market performance indicated that total turnover of 751.990 million shares worth N20.575 billion in 15,822 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 944.293 million shares valued at N22.710 billion that exchanged hands last week in 18,615 deals.
The Financial Services Industry (measured by volume) led the activity chart with 508.517million shares valued at N6.212 billion traded in 6,877 deals; thus contributing 67.62 per cent and 30.19 per cent to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 86.346 million shares worth N4.806 billion in 2,562 deals.
The third place was the Industrial Goods Industry, with a turnover of 34.305 million shares worth N3.635 billion in 1,305 deals.
Trading in the top three equities namely Guaranty Trust Holding Company Plc, United Bank for Africa Plc and FBN Holdings Plc, (measured by volume) accounted for 249.667 million shares worth N3.915 billion in 1,984 deals, contributing 33.20 per cent and 19.03 per cent to the total equity turnover volume and value respectively.
A total of 2,895 units valued at N452,808.58 were traded last week in 29 deals compared with a total of 16,674 units valued at N11.982 million transacted upper week in 44 deals.
The summary of the market price changes showed that thirty-six (36) equities appreciated in price during the week higher than twenty-four (24) equities in the previous week.
Twenty-seven (27) equities depreciated in price lower than forty-five (45) in the previous week, while ninety-four (94) equities remained unchanged, higher than eighty-eight (88) equities recorded in the previous week.
On the performance board, Tripple G and Company emerged as the highest gainer at the close of the week on Friday which appreciated by 45.26 per cent to close at N1.99 per share, closely followed by Living Trust Mortgage Bank which gained 16.16 per cent to close at N2.30 per share, While Chams Holding Company rose significantly by 16.00 per cent to close at N0.29 per share.
Conoil Plc which recorded as the last fourth gainer grew by 9.98 per cent increased to close at N35.25 per share.
MRS Oil Nigeria which recorded as the last fifth gainer went up by 8.24 per cent to close at N23. 00 per share.
On the laggards log, Computer Warehouse Group came as the highest price loser depreciated by 17.35 per share to close at N0.81 per share, Fidelity Bank which followed dipped by 14.70 per cent to close at N4.76 per share, while Pharma-deko which recorded as the last third gainer went down by 10.00 per cent to close at N1.89 per share.
Nigerian Exchange Group declined by 8.63 per cent to close at N25.95 per share.
Transnational Incorporation which recorded as the last fifth loser dropped by 6.98 per cent to close N1.20 per share.
