Stock Market Weekly Summary –Week Ended Oct. 27, 2017

A total turnover of 1.394 billion shares worth N16.403 billion in 19,195 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 872.892 million shares valued at  N14.016 billion that exchanged hands last week in 19,047 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.116 billion shares valued at N10.153 billion traded in 9,942 deals; thus contributing 80.05% and 61.90% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 95.005 million shares worth N3.251 billion in 4,443 deals. The third place was occupied by Conglomerates Industry with a turnover of 90.194 million shares worth N645.159 million in 1,136 deals. 

Trading in the Top Three Equities namely – United Bank for Africa Plc, Access Bank Plc and FBN Holdings Plc (measured by volume) accounted for 515.058 million shares worth N4.458 billion in 3,088 deals, contributing 36.95% and 27.17% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 104,544 units of Exchange Traded Products (ETPs) valued at N11.506 million executed in 7 deals compared with a total of 34,573 units valued at N2.091 million transacted last week in 14 deals.

At the bond market, a total of 559  units of Federal Government Bonds valued at N485,802.83 were traded this week in 5 deals, compared with a total of 7,279 units valued at N7.139 billion transacted last week in 12 deals.

Index Movement 
The NSE All-Share Index depreciated by 0.34% while the Market Capitalization appreciated by 0.20 to close the week at 36,462.26 and N12.619 trillion respectively.

In addition, all other Indices finished lower during the week with the exception of the NSE ASeM, NSE Banking, NSE Lotus II and NSE Pension Indices that appreciated by 0.18%, 0.84%, 0.57% and 0.76% respectively.

A total of 33 equities appreciated in price during the week, higher than the 23 of the previous week. On the flip side, 32 equities depreciated in price, lower than the 34 equities of the previous week, while 106 equities remained unchanged, lower than the 114 equities recorded in the preceding week.

Supplementary Listing
Sequel to the right issue of 5 for 11, a total quantity of 684,494,631 units were added to the outstanding shares of Guinness Nigeria Plc on the 25th of October, 2017 thus bringing the total outstanding shares to 2,190,382,819 units.