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Equities on 16.73% YtD returns as market gains N327bn

The Equities segment of the Nigerian Stock Market has rebounded to record 16.73 per cent year-to-date (YtD) returns following a profit of N 327 billion recouped by investors to close trading last week. The All-share index gained 866.23 points, equivalent to 1.98 per cent to close at 44,639.99 basis points while the market capitalization grew 2.09 per cent to end the weekly trading at N 16.019 trillion.

Similarly, all other indices finished higher during the week with the exception of the NSE-Main Board, NSE Consumer Goods and NSE Oil/Gas Indices that depreciated by 0.33 per cent, 3.33 per cent and 0.70 per cent respectively while the NSE ASeM Index closed flat. A total turnover of 3.268 billion shares worth N28.123 billion in 35,761 deals were traded during week by investors in contrast to a total of 7.157 billion shares valued at N 42.545 billion that exchanged hands last week in 39,037 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.482 billion shares valued at N 17.056 billion traded in 23,039 deals; thus contributing 75.96 per cent and 60.65 per cent to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 375.113 million shares worth N1.047 billion in 1,968 deals while the third place was occupied by Consumer Goods Industry with a turnover of 262.198 million shares worth N6.843 billion in 5,921 deals.
Trading in the Top Three Equities namely – FCMB Group Plc, Transnational Corporation of Nigeria Plc, and Skye Bank Plc (measured by volume) accounted for 1.181 billion shares worth N2.830 billion in 5,219 deals, contributing 36.14 per cent and 10.06 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 32,189 units of Exchange Traded Products (ETPs) valued at N1.299 million executed in 19 deals, compared with a total of 153,755 units valued at N1.883 million that was transacted the previous week in 11 deals.
Similarly, a total of 16,268 units of Federal Government Bonds valued at N 17.053 million were traded in 28 deals, compared with a total of 6,715 units valued at N 5.318 million traded last week in 15 transactions.

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