The market opened for four trading days as the Federal Government of Nigeria declared Monday May 3, 2020 Public Holiday to mark the Workers Day celebration.
During the week, NSE All-Share Index and Market Capitalization depreciated by 1.60% and 1.99% to close the week at 39,198.75 and N20.431 trillion respectively.
Also, a total turnover of 1.419 billion units of shares worth N15.918 billion in 18,459 deals were traded by investors on the floor of the Exchange in contrast to a total of 1.441 billion shares valued at N10.883 billion that exchanged hands last week in 19,614 deals.
Financial Services Industry
The Financial Services Industry, when measured by volume, led the activity chart with 1.069 billion shares valued at N9.531 billion traded in 10,907 deals thus contributing 75.34% and 59.88% to the total equity turnover volume and value respectively. The Industrial Goods Industry followed with 60.762 million shares worth N2.005 billion in 1,070 deals. The third place was Consumer Goods Industry, with a turnover of 57.023 million shares worth N1.029 billion in 2,831 deals.
Trading in the top three equities
Access Bank Plc, FBN Holdings Plc and Zenith Bank Plc, when measured by volume, accounted for 609.988 million shares worth N6.593 billion in 4,870 deals, contributing 43.00% and 41.42% to the total equity turnover volume and value respectively.
31 equities appreciated in price during the week, lower than 36 in the previous week. 37 equities depreciated in price lower than 41 equities in the previous week, while 92 equities remained unchanged, higher than 85 equities recorded in the previous week.
Sectorally, all other indices finished lower with the exception of NSE Banking, NSE Pension, NSE-AFR Div Yield, NSE MERI Value, NSE Consumer Goods and NSE Oil/Gas Indices which appreciated by 0.62%, 0.35%, 1.12%, 1,66%, 0.62% and 5.98% respectively, while the NSE ASeM Index closed flat.
ETPs
A total of 30,004 units valued at N1.704 million were traded this week in 11 deals compared with a total of 60,447 units valued at N1.069 million transacted last week in 20 deals.
Bonds
A total of 19,573 units valued at N21.027 million were traded this week in eight deals compared with a total of 44,354 units valued at N46.342 million transacted last week in 19 deals.
Meanwhile, during the course of the week, the Exchange has announced that the entire share capital of 11 Plc has been deleted from the Daily Official List of the Nigerian Exchange Limited.
“The Market and Investing Public are hereby notified that the entire share capital of 11 Plc was delisted from the Exchange on Friday May 7, 2021.
“The delisting of the entire issued share capital of 11 Plc followed its shareholders’ approval to delist from the Exchange”, a statement from the NGX read.
Nneka Ukachukwu
