Transactions in the first week of the second quarter of 2018 ended in the negative territory as the market capitalisation of listed stocks closed lower when compared with its closing figure on the last week of the first quarter of 2018. The market capitalisation closed last Friday at N14.75 trillion representing a loss of N239.63 billion from N14.99 trillion which was recorded on Friday March 29,2018. Year to date, the market capitalisation closed higher at 8.40 percent.
Similarly, the All Share Index (ASI) lost 663.37 points from 44,504.51 points recorded on the last trading day of the first quarter to close on April 6, 2018 at 40,841.14 points. Year to date, the NSE ASI closed at 6.79 percent.
Last week, traders exchanged 1.76 billion shares valued at N26.56 billion executed in 20,265 deals compared with 2.32 billion shares traded in 25,530 deals worth N28.927 billion in the previous week.
Expectedly, the financial services segment led the activity chart with 1.46 billion shares worth N18.70 billion done in 12,850 deals and as such the segment accounted for 83 percent and 70 percent of the market volume and value respectively. The top three stocks in terms of volume are the shares of Zenith, Access and UBA.
During the week, a total of 125,282 units of Exchange Traded Products (ETPs) worth N2.835 million were executed in 11 deals, as against 15,293 units worth N254,840.00 that were transacted in the previous week in 16 deals.
Only few FGN bonds were traded as investors exchanged of 4,457 units of Federal Government bonds worth N4.247 million in 13 deals, as against a total of 21,583 units valued at N22.868 million done in 16 deals in the previous week.
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