It was a 3 days week as the Federal Government of Nigeria declared Tuesday 4th and Wednesday 5th June 2019 as Public Holidays to mark the end of holy month of Ramadan and commemorate the Eid il-Fitr celebrations.
The market indices, All-Share Index (ASI) and Market Capitalization depreciated by 2.05% and 2.06% to close the week at 30,432 and N13.402 trillion respectively.
The ASI dipped by 637 points during the week under review moving from 31,069 points last week. While Market Capitalization lost N283 billion from N13.685 trillion at the end of trading on 31st of May, 2019.
The week activities also saw the ASI year growth reduced to 194 points representing a 1 percent growth since week 1, 2019. Market Capitalization also grew by N1.966 trillion representing 17 percent growth from the beginning of the year.
The Volume of shares traded during the week however decreased by 313 million; Value of stocks traded also decreased by N5.56 billion while the number of deals consummated decreased also by 5.109 when compared to previous week trading figures.
The Financial Services Industry led the activity chart with 578.032 million shares valued at N7.384 billion traded in 5,934 deals; thus contributing 75% and 58% and 53% to the total equity turnover volume, value and deals respectively.
The Oil and Gas Industry followed with 55.229 million shares worth N1.486 billion in 1,111 deals. The third place was Conglomerates Industry with a turnover of 48.332 million shares worth N227.418 million in 470 deals.
Trading in the Top Three Equities namely, Guaranty Trust Bank, United Bank for Africa Plc, and First City Monument Bank (measured by volume) accounted for 329.929 million shares worth N5.341 billion in 1,427 deals, contributing 42% and 42% to the total equity turnover volume and value respectively.
The NPF microfinance Bank Plc, Sterling Bank Plc, Access Bank Plc and FCMB Group Plc were the Banks among the top ten gainers this week with 9k, 15k, 20k and 4k gains to close at 144k, 245k, 630k and 165k respectively.
Ecobank Transnational Corporation Plc was the only bank among the top ten price decliners at the NSE week ended 7th of June 2019 as the bank’s stocks declined by 115k to close at 1000k.