NSE: Market indices record marginal gains

Salamatu Ejembi, Lagos

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Logo of the Nigerian Stock Exchange (NSE).

The Nigerian equities market traded positively with the first week on week gain in eight weeks, which resulted in a 3.3% week on week gain, the largest advancement since May 24th 2019.

Consequently, the Month to Date gain increased to 0.3%, while the Year to Date loss moderated to -11.6%.

In this week, a total turnover of 2.337 billion shares worth N19.712 billion in 18,379 deals were traded by investors on the floor of the Exchange in contrast to a total of 726.607 million shares valued at N10.459 billion that exchanged hands last week in 12,915 deals.

The Financial Services industry, measured by volume, led the activity chart with 1.815 billion shares valued at N10.441 billion traded in 10,701 deals; thus contributing 77.70% and 52.97% to the total equity turnover volume and value respectively.

The Conglomerates industry followed with 197.802 million shares worth N286.209 million in 1,066 deals, while the third place was occupied by Industrial Goods industry with a turnover of 100.366 million shares worth N2.176 billion in 788 deals.

Hence a positive returns recorded across these indices; Banking with +9.2%, Consumer Goods with +4.0%, Oil & Gas with +1.6% and Industrial with +1.2%, offset the -1.4% loss in the Insurance index.

Trading in the Top Three Equities namely, Sovereign Trust Insurance Plc, Transnational Corporation of Nigeria Plc and Zenith Bank Plc, measured by volume, accounted for 1.244 billion shares worth N3.348 billion in 2,907 deals, contributing 53.25% and 16.98% to the total equity turnover volumeand value respectively.

The NSE All-Share Index and Market Capitalization appreciated by 3.07% and 3.25% to close the week at 27,800.17 and N13.524 trillion respectively.

Similarly, all other indices finished higher with the exception of NSE Insurance Index which depreciated by 1.38% while the NSE ASeM index closed flat.

Forty equities appreciated in price during the week, higher than Fifteen equities in the previous week.

Twenty-five equities depreciated in price, lower than Thirty-four equities inthe previous week, while one hundred and one equities remained unchanged, lower than one hundred and ninteen equities recorded in the preceding week.

ETPs

A total of 3,943 units valued at N1.684 million were traded this week in 16 deals compared with a total of 1,292 units valued at N15,283.55 transacted last week in 7 deals.

BONDS

A total of 1,673 units of Federal Government Bonds valued at N1.674 million were traded this week in 31 deals compared with a total of 4,009 units valued at N4.111 million transacted last week in 16deals.

Meanwhile, a total volume of 36,926,002 and 67,904,598 units were added to the following bonds: 14.55% FGN APR 2029 and 14.80% FGN APR 2049 respectively on the 23rd August, 2019.

Peace PIAK