Stock Market closes month bearish

Salamatu Ejembi, Lagos

Activities on the floor of the Nigerian stock exchange have closed for the week on a negative note.

Today’s activities also marked the end of trading for the month of June.

The market capitalization and the All Share Index closed today at 11,452 trillion Naira as compared to Thursday’s closing of  11,505 trillion Naira and 33,117.48 basis points compared to Thursday’s closing of 33,269.84 basis points respectively with both indices depreciating by 0.46 per cent.

Investors traded 3.5 million shares worth 3.3 billion Naira in 4,797 deals.

It should be recalled that it was a brief trading week as the Nigeria Government declared Monday 26th and Tuesday 27th, 2017 as public holidays to observe the end of the Holy Month of Ramadan and Id-elFitr celebrations.

Thus, a total turnover of 1.171 billion shares worth N11.458 billion in 13,763 deals were traded this week by investors in contrast to a total of 2.311 billion shares valued at N24.577 billion that exchanged hands last week in 27,836 deals.

The Financial Services Industry, when measured by volume, led the activity chart with 899.307 million shares valued at N6.779 billion traded in 7,977 deals; thus contributing 76.78% and 59.16% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 111.022 million shares worth N189.462 million in 952 deals.

The third place was occupied by Consumer Goods Industry with a turnover of 56.912 million shares worth N2.373 billion in 2,055 deals.

Trading in the Top Three Equities namely; United Bank for Africa Plc, Transnational Corporation of Nigeria Plc and Access Bank Plc, measured by volume, accounted for 499.566 million shares worth N3.717 billion in 2,954 deals, contributing 42.65% and 32.44% to the total equity turnover volume and value respectively.

ETPs

Also traded during the week were a total of 869,680 units of Exchange Traded Products (ETPs) valued at N19.150 million executed in 16 deals compared with a total of 63,927 units valued at N841,330.04 transacted last week in 11 deals.

BONDS

A total of 20 units of Federal Government Bonds valued at N16,486.85 were traded this week in 1 deal, compared with a total of 2,212 units valued at N2.098 million transacted last week in 7 deals.

INDEX MOVEMENT

The NSE All-Share Index and Market Capitalization appreciated by 3.10% to close the week at 33,117.48 and N11.452 trillion respectively.

Similarly, all other Indices finished higher during the week with the exception of the NSE Insurance Index that depreciated by 0.07% to close at 137.86.

SUMMARY OF PRICE CHANGES

Forty (40) equities appreciated in price during the week, higher than twenty-three (23) equities of the previous week. Twenty-eight (28) equities depreciated in price, lower than fifty-two (52) equities of the previous week, while one hundred and five (105) equities remained unchanged higher than ninety-eight (98) equities recorded in the preceding week.

In today’s market, only 18 stocks appreciated while 33 stocks depreciated.

GAINERS

On top of the gainers’ list is ETERNA PLC which had a previous closing of N3.56 per share, closed today at N3.81 per share, gaining 0.25 kobo or 7.02 per cent.

CHAMPION BREW. PLC followed right after when it closed today at N2.95 per share, gaining 0.16 kobo 5.73 per cent as against its previous closing price of N2.79 per share.

ECOBANK TRANSNATIONAL INCORPORATED which had a previous closing price of N13.31 per share, closed today at N13.97 per share, gaining 0.66 kobo or 4.96 per cent.

LOSERS

On the losers’ table however, UNILEVER NIGERIA PLC led by N3.98 or 9.74 per cent when it closed today at N36.87 per share as compared to previous closing price of N40.85 per share.

Then MAY & BAKER NIGERIA PLC followed right after with 0.41 kobo or 9.56 per cent when it closed today at N3.88 per share as against previous closing price of N4.29 per share.

UNITY BANK PLC also joined the losers table with 0.06 kobo or 8.22 per cent when it closed at 0.67 kobo per share as against previous closing price of 0.73 kobo per share.

Ime N