Volume of activities at the Nigerian stock market last week declined by 47.36 per cent.The Nigerian stock Exchange (NSE) trading report for the week showed that volume of activities went down by 1.482 billion as investors traded a turnover of 1.647 billion shares worth N8.413 billion in 14,773 deals were traded in contrast to a total of 3.129 billion shares valued at N14.348 billion that exchanged hands previous week in 10,394 deals.
The financial services industry led the activity chart in volume terms, accounting for 1.154 billion shares valued at N5.742 billion in 9,174 deals, contributing 70.08 per cent and 68.25 per cent to the total equity turnover volume and value respectively.
The Healthcare Industry followed with account of 271.277 million shares worth N82.647 million in 219 deals.The third place was Services Industry with a turnover of 91.734 million shares worth N 208.562 million in 232 deals.
The result showed that trading in the top three equities- Diamond Bank Plc, Union Diagnostic & Clinical Services Plc and NEM Insurance Plc accounted for 816.016 million shares worth N1.305 billion in 1,615 deals, representing 49.54 per cent and 15.51 per cent to the total equity turnover volume and value respectively.
Market Capitalisation of listed equities appreciated by N88 billion or 0.78 per cent to N11.425 trillion from N11.337 trillion reported the previous week. The All Share Index declined by 398.82 basis points to 30638.90 from 31037.72 reported the previous week.
All other indices took lower trend with the exception of the NSE Oil and Gas Index that rose by 2.91 per cent.
The NSE Corporate Governance index dropped by 36.97 to 1205.95, NSE premium index sheds by 1.25 to 2129.24 points, The NSE main Board index depreciated by 32.12 to 1409.02, NSE ASeM index went down by 1.36 to 792.45, NSE 30 index decreased by 23.18 basis points to 1,378.82 points, NSE Banking index sheds 10.72 to 387.04 points, NSE Insurance Index fell by 1.26 to 124.70 points, NSE Consumer Goods Index down by 7.61 to 730.77 points, NSE Lotus II index dropped by 20.89 to 2199.55, NSE Industrial Goods Index dipped 47.79 to 1182.47 points and NSE Pension Index 23.07 to 1174.14 points.
A review of the investment showed that 22 equities appreciated in price during the week, against 52 in the previous week. The report indicated that 45 listed companies depreciated in price, higher than 18 of the preceding week, while 97 equities remained unchanged higher than 94 equities recorded in the preceding week.
An analysis of the transaction showed that Custodian Investment Plc led gainers table during the week, gaining 16.19 per cent or N0.85 kobo to close at N6.10 kobo, Julius Berger followed with a gain of 15.67 per cent or N3.15 kobo to close at N23.15 kobo. Vitafoam Nigeria Plc gained 12.50 per cent or N0.50 kobo to close at N4.50 kobo, Other companies appreciated in price were Niger Insurance Plc 9.09 per cent, Linkage Assurance Plc 9.09 per cent, Newrest ASL Nigeria Plc 8.97 percent, Seplat Petroleum Development Company Plc 8.02 per cent. Trans Nationwide Express Plc 7.09 per cent, PZ Cussons Nigeria Plc 7.42 per cent and Union Bank Nigeria Plc 7.14 per cent
On the contrary, FCMB group Plc recorded the highest loss during the day, shedding 16.49 per cent or N0.32 kobo to close at N1.62 kobo,Glaxo SmithKline Consumer Nigeria Plc trailed with a loss of 15.86 per cent or N2.30 kobo to close at N12.20 kobo, Access Bank Plc fell by 14.71 per cent or N1.00 to close at N5.80 kobo. Other firms depreciated in price were Stanbic IBTC Holdings 12.68 per cent, Dangote Flour Mills Plc 12.41 per cent, Transnational Corporation of Nigeria Plc 11.45 per cent, B.O.C Gasses Plc 9.98 per cent, Cap Plc 9.61 per cent, Lafarge Africa Plc 9.60 per cent, and Diamond Bank Plc 9.55 per cent.
Also traded during the week were a total of 395 units of Exchange Traded Products (ETPs) valued at N816,344.70 executed in 13 deals compared with a total of 25,500 units valued at N1.782 million that was transacted last week in 15 deals.
A total of 7,209 units of Federal Government Bonds valued at N6.958 million were traded this week in 8 deals compared with a total of 686 units valued at N689,162.04 transacted the previous week in three deals