Weekly Stock Market Report –Week Ended October 16, 2015

Photo L-R: Haruna Jalo-Waziri, Executive Director, Business Development, The Nigerian Stock Exchange (NSE) and Dayanand Thandalam Sriram, Managing Director, GlaxoSmithKline (GSK) Plc at the Closing Gong Ceremony at The Exchange on Friday.

A turnover of 949.675 million shares worth ₦10.280 billion in 14,833 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 1.390 billion shares valued at ₦12.170 billion that exchanged hands last week in 14,821 deals.

The Financial Services Industry (measured by volume) led the activity chart with 577.298 million shares valued at ₦4.874 billion traded in 8,006 deals; thus contributing 60.79% and 47.41% to the total equity turnover volume and value respectively. The Oil and Gas Industry followed with a turnover of 228.997 million shares worth ₦1.639 billion in 1,798 deals. The third place was occupied by the Conglomerates Industry with 50.980 million shares worth ₦275.452 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 ₦2.386 billion in 2,042 deals, contributing 38.98% and 23.21% to the total equity turnover volume and value respectively.

ETPs/Bond
Also traded during the week were a total of 3,740 units of Exchange Traded Products (ETPs) valued at  ₦2.035 million executed in 19 deals compared with a total of 3,180 units valued at ₦1.150 million transacted last week in 18 deals.

A total of 1,000 units of Federal Government Bonds valued at ₦1.165 million were traded this week in 1 deal compared with a total of 29,472 units valued at ₦30.711 million transacted last week in 2 deals.

Index Movement
The NSE All-Share Index and Market Capitalisation depreciated by 1.10% to close on Friday at 29,834.21 and ₦10.253 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%, +2.81%  and +3.75% respectively, while NSE ASeM Index closed flat.

A total of 29 equities appreciated in price during the week, higher than the 23 equities of the preceding week. Thirty-nine equities depreciated in price, lower than the 48 equities of the preceding week, while 122 equities remained unchanged, higher than the 119 equities recorded in the preceding week.

 

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