At the end of the week index movement indicates that the NSE All-Share Index and marker capitalization appreciated by 205.12 points and N70 billion to close at 25,899.91 and N8.909 trillion respectively.
Similarly, all other Indices finished lower during the week, with the exception of the NSE main board index, NSE 30 Index, NSE banking index and the NSE consumer goods index that increased by 1.68 per cent, 1.47 per cent, 1.37 per cent and 4.96 per cent respectively.
Meanwhile, a turnover of 1.552 billion shares worth N10.453 billion in 14,994 deals were traded this week by investors on the floor of the exchange in contrast to a total of 11.907 billion shares valued at N18.338 billion that exchanged hands last week in 19,508 deals.
The financial services industry (measured by volume) led the activity chart with 1.187 billion shares valued at N7.298 billion traded in 10,457 deals; thus contributing 76.49 per cent and 69.82 per cent to the total equity turnover volume and value respectively. The consumed goods industry followed with 160.334 million shares worth N1.547 billion in 2,167 deals. The third place was occupied by the conglomerates industry with a turnover of 79.549 million shares worth N122.754 million in 527 deals.
Trading in the top three equities during the week are; Zenith Bank Plc, Guaranty Trust Bank Plc and United Capital Plc (measured by volume) accounted for 536.253 million shares worth N5.852 billion in 4,735 deals, contributing 34.55 per cent and 55.98 per cent to the total equity turnover volume and value respectively.
On day by day transactions, the week open Monday on a positive note with additional N71 billion to the market capitalisation of equities.
Also positive sentiment trailed the equities market as the All Share Index enjoyed 208.16 basis points increase, effectively driving the index to 25,902.95 points. Also, market activity as implied by the total value and volume traded increased by 9.3 per cent and 85.6 per cent to settle at N2.07 billion traded and 412.5 million units respectively. However, despite the positive sentiment, the market relayed a bearish tilt as 16 equity prices rose while 22 stocks declined which puts market breadth lower.
Sentiments mixed across the key sectors mainly driven by price appreciation seen in Zenith Bank and Guaranty Trust Bank that led financial services sector to 1.7 per cent gain. The industrial goods sector also observed a 1.7 per cent return on the back of gains of 1.8 per cent in Dangote Cement. On the flip side however, the consumer goods sector returned -0.8 per cent, as it was held back by 1 per cent losses in Nigerian Breweries and 5 per cent losses in PZ. Negative returns were also seen in the oil and gas sector, which declined -0.6 per cent on the back of loss of 2.5 per cent in Oando.
Positive movement trailed the equities market for a second conservative day on Tuesday, though bearish investor sentiment saw the market breath settled lower as 15 equity prices gained while 24 declined. The All Share Index rallied 117.37 points to 26,020.32 points, while market capitalization also gained N40.4 billion to settle at N8.951 trillion. Similarly, market activity as implied by the total value traded increased by 18.8 per cent to N2.46 billion, although volume traded decreased by 16.6 per cent to 344.15 million units.
Sentiment remains mixed across key sectors at the close of the trading, the consumer goods sector returned positive 3.0 per cent driven by broad based gains in major counters such as Nigerian Breweries, Guinness Nigeria and Nestle Nigeria. On the other hand however, negative returns were seen in the oil and gas sector, which declined 1.5 per cent as a positive close by Oando was not able to offset steep losses recorded by Seplat Petroleum Development Company. Also, price depreciation in Zenith Bank, Access Bank and Guaranty Trust Bank drove the financial services sector lower by 0.6 per cent while the industrial goods sector was flat on the previous close as Dangote Cement and Lafarge Africa retained their prices.
On Wednesday, the equities market recorded a loss of 283.40 points to settle at 25,736.92 points. In line with the share index, market capitalization also lost N97.5 billion to N8.853 trillion. The total value and volume traded however increased by 7.7 per cent and 15.7 per cent to settle at N2.65 billion traded and 398.3 4 million units respectively, while market breath came in at a weak as 9 equity prices rose while 32 stocks declined.
Analysts at United Capital however said loses seen in equities is not surprising, as the market already appears ripe for some profit taking following successive sessions of gains. They believed that Tuesday outcome of the Monetary Policy Committee meeting has also done little to give investors comfort, further supporting sell-offs seen.
Also during the trading consumer goods the lone winner as bearish sentiment dominates key sectors mainly driven by price appreciation seen in Nigerian Breweries, the consumer goods sector was up by 1 per cent. However, in spite of 1.3 per cent gain in Access Bank, the financial services sector edged 1.7 per cent lower owing to 2.8 per cent losses seen in Zenith Bank and Guaranty Trust Bank lost 1.9 per cent. In the same vein, the industrial goods sector also posted -2.3 per cent daily return, on the back of losses in Dangote Cement and Lafarge Africa Seplat Petroleum Development Company and Total Nigeria pushed the oil and gas sector into the negative territory as it shed 0.7 per cent despite gains of 2.3 per cent in Oando.
Equities bounce back on Thursday as All Share Index gained 162.99 points to settled at 25,899.91. In the same vein, market capitalization also gained N56 billion to N8.909 trillion. The total value traded increased by 23.9 per cent to N3.27 billion from N2.65 billion previously, while the total volume traded decreased by -0.3 per cent to settle at 397.1 million units. Reflective of improved sentiment, market breath came in at a fair as 17 equity prices rose while 18 stocks declined.
However, sentiment mixed across key sectors mainly driven by price appreciation seen in PZ and Nigerian Breweries the consumer goods sector was up by 1.7 per cent. Also, the financial services sector returned 1.3 per cent on the back of gains in Access Bank and Zenith Bank. On the flip side, the oil and gas sector returned -0.6 per cent due to losses in Seplat Petroleum Development Company and Total Nigeria. The industrial goods sector closed the day flat as bellwether Dangote Cement remained unchanged.
Summary of price changes shows that 22 equities appreciated in price during the week, higher than twenty 20 equities of the previous week. Thirty-eight equities depreciated in price, lower than 41 equities of the previous week, while 129 equities remained unchanged higher than 128 equities recorded in the previous week.
United Capital Plc led gainers chart with 17.65 per cent per share to close at N2.00 kobo, followed by Fidelity Bank Plc with 1.37 per cent to close at N14.17 kobo, Nigerian Breweries Plc with 12.10 per cent to close at N117.70 kobo, Vitafoam Plc with 10.02 per cent to close at N4.72 per share and Transnational Corporation of Nigeria Plc with 6.25 per cent to close at N1.19 kobo per share.
Others on the chart are, Unilever Nigeria Plc with 4.99 per cent to close at N30.92 kobo, Law Union & Rock Insurance Plc with 4.29 per cent to close at N0.73 kobo, NPF Microfinance Plc with 3.54 per cent to close at N1.17 kobo, Skye Bank Plc with 3.13 per cent to close at N0.99 kobo, and Nestle Nigeria Plc with 2.94 per cent to close at N700.00 kobo.
On the other hand African Prudential Registrars Plc led on the losers table with 21.56 per cent loss to close at N2.51 kobo, NASCON Allied Industries Plc lost 14.21 per cent to close at N6.52 kobo, Cadbury Nigeria Plc with 14.13 per cent to close at N14.71 kobo, Tiger Branded Consumer Goods Plc with 12.07 per cent to close at N2.55 kobo, Honeywell Flour Mills Plc with 11.11 per cent to close at N1.44 kobo.
Others on the chart are, UACN Property Plc with 9.61 per cent to close at N4.61 kobo, Seplat Petroleum Development Company Plc with 9.09 per cent to close at N300 kobo, AXAMansard Insurance Plc with 8.88 per cent to close at N1.95 kobo, Mobil Nigeria Plc with 8.77 per cent to close at N1.56 kobo per share and FBN Holdings Plc with 8.77 per cent loss to end the week with N3.33 kobo per share.

Source: Daily Trust