The NSE all share index closes for the New Year break appreciating by 1.4% as it closes the week at 26,874.62 as against 26,486.02 the previous week. The market capitalization also appreciated by same percentage to close at N9,247trillion as against N9.113trillion the previous week.The 2 days public holiday declared by government to celebrate Christmas festivals last week affected the trading activities this week. As a total volume of 0.406 billion shares was traded worth N3.724 billion in 6,363 deals as compares to 1.261 billion shares worth N17.520 billion in 14,861 deals the previous week.
Sectorial Performance of the Nigerian Stock Exchange
Sector Volume(Mlln) %. Value (Blln). % Deals %
Financial 305.885 75 2.06 55 3,445 54
Consumer Goods 30.974 8 0.79 21 1,096 17
Conglomerate 19.701 5 0.02 1 251 4
Others 49.44 12 0.85 23 1,571 25
The Financial sector emerges the most traded in volume, value and number of deals with 305.9 million shares representing 75% of market total for the week. The financial sector shares traded are worth N2.06 billion in 3,445 deals representing 55% and 54% of total market value and deals traded respectively in the week ended 30th December 2016.
The Consumer Goods sector emerges the second most traded in volume with 30.97 million shares representing 8% of market total for the week. The sector shares traded are worth N0.79 billion in 1,096 deals representing 21% and 17% of total market value and deals traded respectively during the week.
The Conglomerate sector emerges the third most traded volume with 19.7 million shares representing 5% of market total for the week. The sector shares traded are worth N0.02 billion traded in 251 deals representing 1% and 4% of total market value and deals respectively traded in the week ended 30th December 2016.
Exchange Traded Product of the Nigerian Stock Exchange
The 3 days trading week also affected the ETP market as a total of 9,965 units of products were exchanged in 6 deals with a total valued of N55,446.36 compared to last week units of 10,170 units traded last week in 22 deals worth N123,641.70
Bond Market of the Nigerian Stock Exchange
The Bond market returns this week with zero activity compared to last week units of 25,219 Federal government bond traded in 3 deals valued at N24.456 million
The NSE market trend for the 4th quarter of year 2016