NSE Report Weekly – At the Nigerian Stock Exchange (NSE) week ended 23 August 2019. The All-Share Index and the Market Capitalization both appreciated by 3.07 % and 3.25% to close the week at 27,800 and N13,524 trillion respectively. The week growth in market indices represents the first growth in five weeks of decline.
The ASI up by 875 basic points during the week ended from 26,925 points the previous week. While Market Capitalization also gained N403bn from N13,121 trillion as at the end of trading on 16 August 2019.
The week activities saw the All Share Index year-to-date decline of 2,438 basic points representing 8% decline since week 1, 2019. Market Capitalization has however gained N2.088 trillion year-to-date representing 18 percent growth from the beginning of year 2019.
A total turnover of 2.337 billion shares worth N19.712 billion in 18,379 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 726.607 million shares valued at N10.459 billion that exchanged hands last week in 12,915 deals.
The volume of shares traded during the week when compared to the previous week increased by 1.6 billion, Value of stocks traded increased by N9.253 billion while the number of deals consummated also increased by 5,464 deals when compared to previous week trading figures. Last week’s activities were affected by the 2 days public holiday declared by the government to mark Eid – Kabir Muslim celebrations.
Weekly– The Financial Services Industry led the activity chart again this week with 1.825 billion shares valued at N10.44 billion traded in 10,701 deals; thus contributing 77%, 53% and 59% to the total equity turnover volume, value and deals respectively.
The Conglomerates industry followed with 197.802 million shares worth N286.209 million in 1,066 deals. The third place was Industrial Goods industry with a turnover of 100.366 million shares worth N2.176 billion in 788 deals.
The NSE-Banking Index which closes the week at 332.7 from 304.69 the previous week, appreciated by 9.19 % during the week by depreciated by 0.13%, 9.31%, 16.60%, month, quarter and year to date respectively.
Trading in the Top Three Equities namely, Sovereign Trust Insurance Plc, Transnational Corporation of Nigeria Plc and Zenith Bank Plc accounted for 1.244 billion shares worth N3.348 billion in 2,907 deals, contributing 53.25% and 16.98% to the total equity turnover volume and value respectively.
Ecobank Transnational Incorporated and Fidelity bank are the 2 banks among the the top ten gainers this week with gains of 200k and 28k to close at 800k and 168k respectively. While only Unity Bank appeared on the top 10 decliners list this week with loss of 6k to close at 63k.