| Some 3.5 billion shares valued at 47.32 billion naira were traded in 59,639 deals this past week at the Nigerian Stock Exchange (NSE), down from the 4.45 billion shares worth 54.3 billion naira realised from 62,781 deals the previous week.
For the second week running, the Insurance sub-sector was the most active with 1.7 billion shares worth 5 billion naira exchanged by investors in 12,738 deals. Volume in the sub-sector was largely driven by activity in the shares of International Energy Insurance Plc. and NEM Insurance Plc. Trading in the shares of the two insurance stocks accounted for 800.52 million shares, representing 46.10% of the sub-sector’s turnover. The banking sub-sector, boosted by activity in the shares of Skye Bank Plc and Intercontinental Bank Plc, followed on the week’s activity chart with a turnover of 1.32 billion shares valued at 33.09 billion naira in 28,313 deals. The All-Share Index declined by 1.86% to close at 54,189.92, while the market capitalization of the 209 listed equities closed lower at 8.99 trillion naira. Last week the All-Share Index rose by 3.61%. African Petroleum Plc led on the gainers’ table by adding 26.68 naira to close at 128.08 naira per share, while Ecobank Transnational Inc followed with 21.75 naira to close at 195 naira per share. Other price gainers include Oando Plc, Julius Berger Nigeria Plc, Conoil Plc, Cutix Plc, Beta Glass Co. Plc, Glaxo Smithkline Consumer Plc, Benue Cement Co. Plc and PZ Cussons Nigeria Plc. Fifty-four stocks depreciated in price, higher than the 26 in the previous week. Total Nigeria Plc led on the weeks’ losers table, dropping by 5 naira to close at 170 naira per share, while UBA Plc followed with a loss of 4.77 naira to close at 50.15 naira per share. Other price losers are Guinness Nigeria Plc, Ashaka Cem Plc, Guaranty Trust Bank Plc, CAP Plc, Nigerian Breweries Plc, Flour Mills Nigeria Plc, First Bank of Nigeria Plc and Nestle Nigeria Plc. |
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Trading subdued at Nigerian bourse
