The Nigerian Stock Exchange (NSE) All Share Index (ASI) and Market Capitalisation appreciated by 0.69percent and 0.54percent respectively to close the week ended January 17 at 29,618.52 points and N15.256 trillion respectively as against 29,415.39 points and N15.175 trillion recorded the preceding weekend. Investors gained only N80billion in the review trading week ended January 17, 2020 as profit taking weakened record rally.
Twenty-one equities appreciated in price during the review week, lower than 51 equities in the preceding week. Forty-two (42) equities depreciated in price, higher than 20 equities in the preceding week, while 100 equities remained unchanged, higher than 92 equities recorded in the preceding week.
All other indices finished lower with the exception of NSE 30, NSE CG, NSE Premium, NSE Banking, NSE AFRI Bank Value, NSE MERI Value and NSE Oil/Gas index, which appreciated by 0.66percent, 0.64percent, 3.85percent, 2.30percent, 2.67percent, 1.74percent and 0.57percent respectively while NSE ASeM Index closed flat.
A total turnover of 2.087 billion shares worth N26.470 billion in 24,262 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 2.683 billion shares valued at N32.646 billion that exchanged hands last week in 30,956 deals.
The Financial Services industry (measured by volume) led the activity chart with 1.117 billion shares valued at N13.693 billion traded in 13,739 deals; thus contributing 53.51percent and 51.73percent to the total equity turnover volume and value respectively.
The Healthcare industry followed with 521.893 million shares worth N182.965 million in 420 deals. The third place was Conglomerates industry, with a turnover of 123.606 million shares worth N573.907 million in 1,164 deals.
Trading in the top three equities –Union Diagnostic & Clinical Services Plc, Access Bank Plc and Zenith Bank Plc. (measured by volume) accounted for 877.992 million shares worth N8.399 billion in 5,251 deals, contributing 42.06percent and 31.73percent to the total equity turnover volume and value respectively.
At the Over-The-Counter (OTC) market for unlisted equities the market Capitalisation increased to N504.79 billion from preceding week’s N504.54 billion, which shows a 0.05percent increase in Capitalisation. Also the NASD Security Index (NSI) for the week ended January 17, 2020 recorded an increase from 702.62 points to 702.28 points.
Iheanyi Nwachukwu
