It was a 4-day week as the Federal Government of Nigeria declared Wednesday 12th of June 2019 as Public Holidays to the Democracy Day celebrations.
The market indices, All-Share Index (ASI) and Market Capitalization depreciated by 1.27% to close the week at 30,047 and N13,233 trillion respectively.
The ASI dipped by 385 points during the week moving from 30,432 points last week. While Market Capitalization lost N169 billion from N13.402 trillion at the end of trading on 7th June 2019.
The week activities also saw the ASI year to date loss now at 191 points representing a 1 percent decline since week 1, 2019. Market Capitalization however grew by N1.797 trillion representing 16 percent growth from the beginning of the year till date.
The Volume of shares traded during the week however increased by 100 million; Value of stocks traded also increased by N3.25 billion while the number of deals consummated increased also by 910 when compared to previous week trading figures.
The Financial Services Industry led the activity chart with 674.654 million shares valued at N9.295 billion traded in 6,651 deals; thus contributing 78%, 59% and 55% to the total equity turnover volume, value and deals respectively. The NSE-Banking Index appreciated by 0.01%
The ICT Industry followed with 69.205 million shares worth N3.352 billion in 769 deals. The third place was Consumer Goods Industry with a turnover of 51.550 million shares worth N2.342 million in 1,915 deals.
Trading in the Top Three Equities namely, Guaranty Trust Bank, Zenith Bank Plc, and Wapic Insurance Plc (measured by volume) accounted for 359.451 million shares worth N7.774 billion in 2,252 deals, contributing 41.38% and 49.23% to the total equity turnover volume and value respectively.
No Bank was in the top ten gainers this week while only the NPF microfinance Bank Plc, appeared in the top ten decliners at the NSE week ended 14th of June 2019 as the bank’s stocks declined by 14 to close at 1.30k