Here is the trends in fundamentals of the Nigerian Stock Exchange in quarter 1, 2018.
The All Share Index (ASI) appreciated by 8% in the first quarter of 2018 to close at 41,505 from 38,243 it ended the year 2017 with. The market capitalization gained 1.384 trillion Naira compared to 1.923 trillion gained last quarter to close at 14,993 trillion Naira.
Below is the weekly trends in All Share Index in the first quarter of 2018
The ASI peaked around mid January at over 45,000 basic points. It rises to above 44,000 early February after dropping to by over 1,000 pints by end of January 2018. It went up again around mid March but eventually close the quarter just above 41,000 basic points.
Market Capitalization trends
Trends in Market Capitalization is not any different from ASI. Market Capitalization peaked at above 16 trillion Naira in mid January. It also rise again early February after investors cash out close to 500 billion Naira in late January. It rises marginally in mid March after a steady week on week drop but eventually close the quarter at 14.9 trillion Naira.
The financial sector maintains its dominance of the market in the first quarter of 2018 as always. The sector remains the most developed sector trading in the NSE as it dominates activities in the NSE quarter on quarter. The sector remains most active in volume, value and number of deals.
The financial sector was responsible for 69% of the total volume of stocks traded in quarter 1, 2018 on the floor of the NSE. The sector also accounts for 59% of both the number of deals and the value of transactions traded on the floor in this period.
In the Exchange Traded Product, a total of 4.6m units of products were exchanged in 151 deals valued at 23.5million Naira in quarter 1 2018, compared to 1.3m units of products traded in 112 deals valued at 20.57 million Naira in quarter 4 2018.
In the Bond Market, a total of 140,008 units of both federal and state government bonds were traded in 249 deals valued at 2.78 billion Naira. Compared to 490,535 units of federal government bonds at the value of N79.96m in 146 deal traded in Qtr 4, 2017.