nigeria stock exchange Transactions on the floor of Nigerian Stock Exchange has sustained low activities as investors continue off loading their shares ahead of the Nigeria general election.
The value of equities declined by N301 billion or 2.63 per cent to N11.124 trillion from N11.425 trillion reported the previous day.
Specifically, the NSE All Share Index declined by 808.20 basis points to 29830.70 from 30638.90 points traded the previous week.
The result showed that all other indices finished lower with the exception of the NSE Industrial Goods Index that rose by 1.00 per cent while the NSE ASeM index closed flat.
NSE Corporate Governance Index dropped by 24.41 to 1181.54 points, NSE Premium Index sheds 85.92 basis points to 2043.32.
The NSE Main Board Index down by 21.67 to1387.35, NSE 30 index went down 34.88 to 1343.94, NSE Banking Index decreased by 3.54 to 383.50 points, NSE Insurance Index depreciated by 8.73 to 115.97, NSE Consumer Goods index fell by 26.04 to 704.73 points, NSE Oil and gas index decreased by 18.84 to 281.01 points, NSE Lotus Ii 46.94 to 2152.61 points, NSE Pension Index dipped by 3.45 to 1170.69 points.
Investors during the week traded 1.265 billion shares worth N14.074 billion in 19278 deals against total of 1.647 billion shares valued at N8.413 billion that exchanged hands the previous week in 14,773 deals.
The Financial Services Industry led the activity chart accounting for 1.072 billion shares valued at N8.795 billion in 12,287 deals, contributing 84.73 per cent and 62.49 per cent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed, trading 83.595 million shares worth N155.485 million in 750 deals. The third place was Consumer Goods Industry with a turnover of 50.537 million shares worth N3.432 billion in 2,576 deals.
Trading in the top three equities namely, Diamond Bank Plc, FBN Holdings Plc and Custodian Investment Plc accounted for 465.000 million shares worth N 2.044 billion in 2,448 deals, contributing 36.75 per cent and 14.53 per cent to the total equity turnover volume and value respectively.
A review of the trading result showed that 22) equities appreciated in price against 22 traded in the previous week. The result also showed that 44 equities depreciated in price, against 45 traded two weeks ago, while 103 equities remained unchanged higher than 97 equities recorded in the preceding week.An analysis of the investment revealed that Julius Berger Nigeria Plc led gainers table for the week, dropping by […]