Equities Market Records Mixed Performance, Investors Grab N14.083bn

Lagos – Performance for the last week of the month of September was mixed as the local bourse gained on three of five days.

Despite this, the All Share Index marginally lost 0.1 per cent week-on-week (W-o-W) to close at 35,439.38 points, while year-to-date (YTD) return moderated to 31.9 per cent.

See also: Equities Market Rebound, NSE Index Up 0.43%

Investors lost N16.8 billion as market capitalisation settled at N12.2 trillion.

A total turnover of 1.326 billion shares worth N14.086 billion in 14,703 deals were traded last week by investors on the floor of the Nigerian Stock Exchange (NSE) in contrast to a total of 1.096 billion shares valued at N17.859 billion that exchanged hands in the previous week in 16,070 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.060 billion shares valued at N7.339 billion traded in 8,202 deals; thereby contributing 79.95 per cent and 52.10 per cent to the total equity turnover volume and value respectively.

The industrial goods industry followed with 91.351 million shares worth N2.784 billion in 933 deals.

The third place was occupied by consumer goods industry with a turnover of 70.187 million shares worth N3.395 billion in 2,719 deals.

See also: Equities Market Opens Negative, NSE Index Down 0.36%

Trading in the top three equities namely; Continental Reinsurance Plc, Sterling Bank Plc and Access Bank Plc (measured by volume) accounted for 412.840 million shares worth N1.486 billion in 817 deals, contributing 31.14 per cent and 10.55 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 274 units of Exchange Traded Products (ETPs) valued at N636,147.90 executed in 18 deals compared with a total of 58 units valued at N90,475.00 transacted last week in five deals.

A total of 7,424 units of Federal Government Bonds valued at N6.689 million were traded in 18 deals, compared with a total of 178 units valued at N163,407.05 transacted in the previous week in two deals.

The NSE All-share index and market capitalisation depreciated by 0.14 per cent to close the week at 35,439.98 and N12.217 trillion respectively.

Similarly, all other Indices finished lower during the week with the exception of NSE Premium, NSE Banking, NSE Insurance, NSE Oil/Gas, NSE Lotus II and NSE Pension indices that appreciated by 0.94 per cent, 1.17 per cent, 0.61 per cent, 0.52 per cent, 0.03 per cent, and 0.24 per cent respectively.

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