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In the trading week to May 4, 2018, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) depreciated by 0.06percent to close last week at 41,218.72 points, from preceding trading weekend level of 41,244.89 points. The stock market’s year-to-date return stood at 7.78percent.
The value of listed equities on the Nigerian bourse decreased by N9billion to N14.931 trillion, from N14.940 trillion recorded the preceding weekend.
At the close of trading last week, all other indices finished lower, with the exception of NSE Premium, NSE Banking, NSE Industrial goods, and NSE Pension indices that appreciated by 0.12percent, 1.56percent, 1.06percent and 0.21percent respectively, while the NSE ASeM closed flat.
Thirty-seven (37) equities appreciated in price during the review week, higher than 33 in the preceding week. Thirty-two (32) equities depreciated in price, lower than 41 equities in the preceding week, while 100 equities remained unchanged, higher than 95 equities recorded in the preceding trading weekend.
C & I Leasing Plc rallied most, from N1.39 to N1.80, up by 41kobo or 29.50percent; while Dangote Flour Mills Plc declined most, from N14 to N11.40, down by N2.60 or 18.57percent.
Trading in the Top Three Equities– United Bank for Africa Plc, Mutual Benefits Assurance Plc and Access Bank Plc (measured by volume) accounted for 457.930 million shares worth N3.784 billion in 1,469 deals, contributing 34.41percent and 18.16percent to the total equity turnover volume and value respectively.
Last week was just four day trading sessions as Tuesday May 1, 2018 was public holiday to mark the Workers Day celebration. The market recorded a total turnover of 1.331billion shares worth N20.835 billion in 18,695 deals in contrast to a total of 1.825 billion shares valued at N24.653 billion that exchanged hands the preceding week in 23,148 deals.
The Financial Services Industry (measured by volume) led last week activity chart with 1.042 billion shares valued at N11.275 billion traded in 9,665 deals; thus contributing 78.32percent and 54.11percent to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 84.124 million shares worth N4.322 billion in 3,691 deals; and Oil & Gas Industry with a turnover of 51.918 million shares worth N596.463 million in 2,307 deals.
Also traded on the Nigerian Stock Exchange during the review week were 709,058 units of Exchange Traded Products (ETPs) valued at N3.845 million executed in 10 deals, compared with a total of 56,260 units valued at N376,387.48 transacted the preceding trading week in 6 deals.
Total of 80,152 units of Federal Government and State Bonds valued at N82.543 million were traded last week in 14 deals, compared with a total of 725 units valued at N660,984.55 traded the preceding week in 10 deals.
