EQUITY MARKET EXTENDS WEEKLY DOWNTREND BY 3.51%

 In Investor News

Following rising cases of coronavirus in Nigeria, the domestic bourse on Friday recorded further extended weekly decline as the NSE All-Share Index and market capitalisation both depreciated by 3.51 percent to close last week at 21,094.62 and N10.994tn respectively.  All other indices finished lower with the exception of NSE oil/gas which appreciated by 2.33 per cent while NSE ASeM Index closed flat.

A total turnover of 1.534 billion shares worth N11.267bn in 18,928 deals were traded last week by investors on the floor of the Exchange, in contrast with a total of 1.452 billion shares valued at N14.918bn that exchanged hands the previous week in 21,828 deals. The financial services industry (measured by volume) led the activity chart with 1.105 billion shares valued at N7.100bn traded in 12,225 deals; thus contributing 71.99 per cent and 63.02 per cent to the total equity turnover volume and value respectively.

The industrial goods followed with 218.471 million shares worth N1.236bn in 1,610 deals. The third place was the consumer goods industry, with a turnover of 134.599 million shares worth N1.855bn in 2,332 deals. Trading in the top three equities namely, Sterling Bank Plc, Zenith Bank Plc and Meyer Plc. (measured by volume) accounted for 752.359 million shares worth N3.247bn in 4,039 deals, contributing 49.03 per cent and 28.82 per cent to the total equity turnover volume and value respectively.

Fifteen equities appreciated in price during the week, lower than 34 in the previous week. Thirty-six equities depreciated in price, higher than 30 equities in the previous week, while 112 equities remained unchanged, higher than 99 equities recorded in the preceding week. A total of 6,759 units valued at N61,035.98m were traded last week in 19 deals, compared with a total of 20 units valued at N130.90m transacted the previous week in two deals. A total of 10,100 units of Federal Government bonds valued at N11.145m were traded last week in two deals, compared with a total of 28,527 units valued at N29.950m transacted the previous week in 18 deals.

https://punchng.com/equity-market-extends-weekly-downtrend-by-3-51/

 

 

 

 

 

 

 

 

 

 

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