In the trading week ended November 29, 2019, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) and Market Capitalisation appreciated by 0.04percent to close at 27,002.15 points and N13.033 trillion respectively. The NSE ASI and Market Capitalisation had opened the review trading week at 26,991.42 points and N13.027 trillion. Investors gained N6billion.
Thirty-one equities appreciated in price during the review week, lower than 40 equities in the preceding week. Thirty-two equities depreciated in price, higher than 23 equities in the preceding week, while 102 equities remained unchanged, same as in the preceding week.
All other indices finished lower with the exception of NSE Main Board, NSE-Afrinvest High Dividend Yield (NSE-AFR Div Yield), NSE Meristream Growth (NSE Meri Growth), NSE Consumer Goods, NSE Lotus II and NSE Industrial Goods indices which appreciated by 1.83percent, 2.21percent 1.81percent, 4.69percent, 2.72percent and 0.35percent respectively, while the NSE ASeM Index closed flat.
Stock traders exchanged 1.161 billion shares worth N13.174 billion in 18,142 deals in contrast to a total of 1.416 billion shares valued at N17.249 billion that exchanged hands the preceding week in 20,303 deals.
The Financial Services industry (measured by volume) led the week’s activity chart with 801.229 million shares valued at N6.219 billion traded in 10,415 deals; thus contributing 68.98percent and 47.20percent to the total equity turnover volume and value respectively.
The Conglomerate industry followed with 139.940 million shares worth N585.927 million in 943 deals, and Consumer Goods industry with a turnover of 84.546 million shares worth N3.445 billion in 2,674 deals.
Trading in the top three equities – Law Union & Rock Insurance Plc, Zenith Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 369.396 million shares worth N3.086 billion in 3,360 deals, contributing 31.80percent and 23.43percent to the total equity turnover volume and value respectively.
Iheanyi Nwachukwu
