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Stock market report for the week ended 11th August, 2017

A total turnover of 1.518 billion shares worth N28.868 billion in 23,053 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.518 billion shares valued at N114.117 billion that exchanged hands upper week in 23,546 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.178 billion shares valued at N14.445 billion traded in 11,520 deals; thus contributing 77.63% and 50.04% to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 183.850 million shares worth N12.508 billion in 5,807 deals.

The third place was occupied by Conglomerates Industry with a turnover of 53.758 million shares worth N126.669 million in 819 deals, trading in the Top Three Equities namely – Access Bank Plc, Zenith International Bank Plc and Guaranty Trust Bank Plc. (measured by volume) accounted for 500.113 million shares worth N11.910 billion in 3,870 deals, contributing 32.95% and 41.26% to the total equity turnover volume and value respectively.

ETPs Also traded during the week were a total of 2,461 units of Exchange Traded Products (ETPs) valued at N296,837.94 executed in 9 deals compared with a total of 1.166 million units valued at N16.169 million transacted last week in 17deals.

BONDS A total of 9,615 units of Federal Government Bonds valued at N8.301million were traded this week in 21 deals, compared with a total of 5,850 units valued at N5.702 million transacted last week in 7 deals.

Index Movement The NSE All-Share Index and Market Capitalization appreciated by 2.07% to close the week at 38,198.60 and N13.166 trillion respectively.

Similarly, all other Indices finished higher during the week with the exception of the NSE Premium, NSE Banking, NSE Insurance and the NSE Oil/Gas Index that depreciated by 1.64%, 0.94%, 3.02% and 2.78% respectively while the NSE ASeM Index closed flat.

Summary of price changes Thirty-two (32) equities appreciated in price during the week, lower than thirty-eight (38) equities of the previous week, thirty-seven (37) equities depreciated in price, higher than twenty-eight (28) equities of the previous week, while one hundred and two (102) equities remained unchanged lower than one hundred and five (105) equities recorded in the preceding week.

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