Stock Market Weekly Summary – Week Ended May 19, 2017

A total turnover of 2.271 billion shares worth N32.647 billion in 20,710 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 3.255 billion shares valued at N28.738 billion that exchanged hands last week in 25,370 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.843 billion shares valued at N17.715 billion traded in 12,119 deals; thus contributing 81.19% and 54.26% to the total equity turnover volume and value respectively. The Oil and Gas Industry followed with 119.755 million shares worth N5.198 billion in 2,599 deals. The third place was occupied by Conglomerates Industry with a turnover of 119.281 million shares worth N273.785 million in 1,109 deals.

Trading in the Top Three Equities namely – Access Bank Plc, Zenith International Bank Plc and FBN Holdings Plc (measured by volume) accounted for 998.849 million shares worth N10.412 billion in 4,831 deals, contributing 43.98% and 31.89% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 1,470 units of Exchange Traded Products (ETPs) valued at N10,128.30 executed in 2 deals compared with a total of 948 units valued at N16,591.16 transacted last week in 14 deal.
A total of 6,308 units of  Federal Government Bonds valued at N5.481million were traded this week in 3 deals, compared with a total of 5,201 units valued at N5.400 million transacted last week in 3 deals.

The NSE All-Share Index and Market Capitalization depreciated by 0.28% and 0.27% to close the week at 28,113.38 and N9.719 trillion respectively.
Similarly, all other Indices finished lower during the week with the exception the NSE Premium, NSE Main Board, NSE Banking, NSE Insurance and the NSE Pension indices that appreciated by 3.05%, 0.23%, 0.38% and 0.97% while the NSE ASeM Index closed flat.

Thirty (30) equities appreciated in price during the week, lower than fifty-seven (57) equities of the previous week. Thirty-one (31) equities depreciated in price, higher than thirteen (13) equities of the previous week, while one hundred and twelve (112) equities remained unchanged higher than one hundred and three (103) equities recorded in the preceding week.

A total volume of 15,848,874 units of 50 kobo each arising from the consideration for 56,161,661 Ashaka Cement Ordinary Shares of 50 kobo tendered by 2,535 shareholders of AshakaCem were added to the shares of Lafarge Africa Plc and admitted to trade at the Exchange on Thursday 18th May, 2017.

Similarly, a total volume of 10,000,000, 35,000,000, 65,000,000 units were added to the following bonds 14.50% FGN JUL 2021, 16.2884% FGN MAR 2036 and 16.2499% FGN APR 2037 respectively on Tuesday 16th May, 2017.