Market loses N200 billon in five days

The market capitalisation of the Nigerian Stock Exchange (NSE) depreciated by N200 billion, within five days of trading, to end the week at N13.963 trillion on Friday July 25, from the N14.163 it opened with on Monday July 21 2014.

Similarly, the NSE All-Share Index lost 606 points, which was 1.41 per cent, to close at 42,285.82 on Friday, from the 42,891.82 it opened with on Monday.

All the NSE sector indices depreciated during the week — with the exception of the NSE Banking Index and NSE ASeM Index that rose by 0.69% and 0.31% to close at 441.72 from 438.71 and 951.96 from 949.05, respectively.

Despite the technical shutdown experienced by the NSE on Thursday, a turnover of 1.778 billion shares worth N38.103 billion in 24,186 deals were traded this week by investors — compared with 1.777 billion shares valued at N19.904 billion that exchanged hands last week in 25,974 deals.

The financial services industry led the activity chart (measured by volume) with 995.130 million shares valued at N10.013 billion traded in 11,089 deals, thus contributing 55.96% and 26.28% to the total equity turnover volume and value respectively.

The conglomerates industry followed with a turnover of 304.204 million shares worth 1.848 billion in 2,632 deals.

The third place was occupied by the services industry with 141.791 million shares worth N776.224 million in 933 deals.

The top three equities traded in the week (measured by volume) are Transnational Corporation Of Nigeria Plc (Transcorp), Guaranty Trust Bank Plc and Oando Plc, which jointly accounted for 583.298 million shares worth N9.705 billion in 6,294 deals, contributing 32.80% and 25.47% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 516,299 units of Exchange Traded Products (ETPs) valued at N10.120 million executed in 17 deals compared with a total of 18,535 units valued at N483.425.26 transacted last week in 19 deals.

Similarly, 300 units of FGN bonds valued at N349, 812.46 were traded this week in 3 deals compared with a total of 220 units of FGN bonds valued at N260, 072.36 transacted last week in 2 deals.

A total number of 26 equities appreciated in prices during the week, lower than 48 equities recorded in the preceding week.

Cement Company of Northern Nigeria PLC led the gainers’ chart (measured in percentile), adding N2.37 to close at N14.17 from the N11.80 it opened with, signifying a 20.08 per cent increase.

Next was Parma-deko PLC, increased by 14.67 per cent, which is 22k, to close at N1.72 from N1.50; while Stanbic Ibtc Holdings PLC went up by 6.71 per cent to close at N29.09 from N27.26, adding N1.83.

Another 54 equities depreciated in prices higher than 32 equities recorded in the preceding week.

Evans Medical PLC led the losers’ table, losing 12.34 per cent of its price, which is 29k, to close at N2.06 from N2.35.

Following was Japaul Oil and Marine Services PLC, which dropped by 10.53 per cent to close at 51k from 57k, as it lost 6k; while Champion Breweries dropped 9.64 per cent, which is 98k, to close at N9.19 from N10.17.

However, 120 equities remained unchanged from their statuses in the preceding week.