Nigeria’s Stock Market dip 1.10% last week with Capital Oil, GTBank most traded

The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization depreciated by 1.10 per cent this week to close on Friday at 29,834.21 and N10.253 trillion respectively.

Similarly, all other Indices finished lower during the week with exception of NSE Banking, NSE Insurance and NSE Oil/Gas that chalked up by 0.67 per cent, 2.81 per cent and 3.75 per cent respectively, while NSE ASeM Index closed flat.

Twenty-nine equities appreciated in price last week, higher than 23 equities of the preceding week. Thirty-nine equities depreciated in price, lower than 48 equities of the preceding week, while 122 equities remained unchanged, higher than 119 equities recorded in the preceding week.

A turnover of 949.675 million shares worth N10.280 billion in 14,833 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 1.390 billion shares valued at N12.170 billion that exchanged hands previous week in 14,821 deals.

The Financial Services Industry (measured by volume) led the activity chart with 577.298 million shares valued at N4.874 billion traded in 8,006 deals; thus contributing 60.79 per cent and 47.41 per cent to the total equity turnover volume and value respectively. The Oil and Gas Industry followed with a turnover of 228.997 million shares worth N1.639 billion in 1,798 deals. The third place was occupied by the Conglomerates Industry with 50.980 million shares worth N275.452 million in 794 deals.

Trading in the Top Three Equities namely – Capital Oil Plc, United Bank for Africa Plc and Guaranty Trust Bank Plc (measured by volume) accounted for 370.170 million shares worth N2.386 billion in 2,042 deals, contributing 38.98 per cent and 23.21 per cent to the total equity turnover volume and value respectively.

Also traded last week were a total of 3,740 units of Exchange Traded Products (ETPs) valued at N2.035 million executed in 19 deals compared with a total of 3,180 units valued at N1.150 million transacted previously in 18 deals.

A total of 1,000 units of Federal Government Bonds valued at N1.165 million were traded in 1 deal compared with a total of 29,472 units valued at N30.711 million transacted previously in 2 deals.