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Nigeria’s Stock Market close trading week with 2.99% loss



Trading on the Nigerian Stock Exchange (NSE) for the week ended on Friday, December 18, 2015 closed negative with the benchmark indices of the All-Share Index and Market Capitalization depreciating by 2.69 percent each to close the week at 26,537.36 points and N9.124 trillion respectively.

Statistics for the week under review also showed that all other indices finished lower with the exception of Insurance Index and Oil and Gas Indices that rose by 1.02 percent and 0.23 percent respectively, while the ASeM Index closed flat.

During the week, a turnover of 1.457 billion shares worth N13.803 billion in 13,648 deals were traded in contrast to a total of 1.174 billion shares the preceding week in 13,870 deals.

The Financial Services Industry in terms of volume of trading led the activity chart with 993.154 million shares valued at N4.417 billion traded in 7,283 deals; thus contributing 68.18 percent and 32.00 percent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 352.118 million shares worth N6.935 million in 2,979 deals.

The third place was occupied by the Conglomerates Industry with a turnover of 49.140 million shares worth N193.919 million in 659 deals.

At the close of trading for the week, twenty-seven equities appreciated in price in contrast to 25 equities of the preceding week.

Forty-one equities depreciated in price as against 37 equities of the previous week, while 122 equities remained unchanged, higher than 128 equities recorded in the preceding week.

Trading in the Top Three Equities include: Continental Reinsurance Plc, Champion Breweries Plc and Tiger Branded Consumer Goods Plc accounted for 569.712 million shares worth N1.141 billion in 543 deals, thus contributing 39.11 percent and 8.27 percent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 6,372 units of Exchange Traded Products (ETPs) valued at N445,625.60 executed in 32 deals, compared with a total of 318,734 units valued at N1.469 million transacted last week in 50 deals.

There was no transaction recorded on bonds this week. However, a total of 10,501 units of Federal Government Bonds and one State Government Bond valued at N12.024 million were transacted last week in 5 deals.

nigerian news

Olajide Ibikunle

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. The Verge Communications (NEWSVERGE) is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.



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