NSE Report Weekly – At the Nigerian Stock Exchange (NSE) week ended 11 October 2019, the NSE All-Share Index and Market Capitalization both depreciated by 1.68% to close the week at 26,533.78 and N12.917 trillion respectively. The ASI decreased by 453 basic points during the week, while Market Capitalization lost N220 billion.
The week activities saw the All Share Index decline year-to-date by 3,296 basic points representing 6% decline since week 1, 2019. Market Capitalization has however gained N1.793 trillion year-to-date representing 12 percent growth from the beginning of year 2019.
A total turnover of 1.409 billion shares worth N31.959 billion in 13,616 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 0.661 billion shares valued at N9.189 billion that exchanged hands last week in 12,032 deals.
The volume of shares traded during the week when compared to the previous week increased by 748 million, value of stocks increased by N22.8 billion while the number of deals consummated also increased by 1,584 deals when compared to previous week trading figures.
NSE Report Weekly- The Financial Services industry led the activity chart by volume with 1.085 billion shares valued at N8.739 billion traded in 7,720 deals; thus contributing 77% and 27% and 57% to the total equity turnover volume, value and deals respectively.
The Industrial goods industry followed with 163.852 million shares worth N19.264 billion in 982 deals. The third place was Conglomerate Industry with a turnover of 74.229 million shares worth N120.488 million in 734 deals.
Trading in the Top Three Equities namely, Custodian Investment Plc, FCMB Group Plc and Access Bank Plc (measured by volume) accounted for 682.802 million shares worth N4.001 billion in 1,247 deals, contributing 42%, 53% and 9% to the total equity turnover volume, value and deals respectively.
The NSE-Banking Index closed the week at 325.81 from 325.36 the previous week, appreciated week-to-date by 0.14 %, but deprecated month-to-date by 5.29% and also depreciated by 5.29% and 18.33% quarter-to-date and year-to-date respectively.
Jaiz Bank Plc and NPF Microfinance Bank Plc are the only 2 banks that appeared in the top 10 gainers as at end of week trading with gains of 4K and 9k to close at 50k and 119k respectively. No bank in the top ten decliners as at week ended 11 October 2019.