The week on the Nigerian Stock Exchange had been one of 1 step forward and 2 steps back; the All Share Index closed negative on the first two trading days of the week. It then closed in the green zone on Wednesday, only to lose again on Thursday, and finally settling for a positive close on Friday.
A total turnover of 1.195 billion shares worth N13.979 billion in 20,591 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.495 billion shares valued at N12.894 billion that exchanged hands last week in 20,982 deals.
The Financial Services industry (measured by volume) led the activity chart with 965.571 million shares valued at N7.811 billion traded in 11,710 deals; thus contributing 80.79% and 55.88% to the total equity turnover volume and value respectively.
The Industrial Goods industry followed with 54.803 million shares worth N1.509 billion in 2,043 deals. The third place was the Conglomerates industry, with a turnover of 54.114 million shares worth N111.406 million in 460 deals.
- Read also: Week ended 24.04.2020 in Review: Forex, Indices and Commodities Market
- How much is the Business Worth?
- Nigerian Equities Market and a Game of One Step Forward Two Steps Back
Trading in the Top Three Equities namely, FBN Holdings Plc, Guaranty Trust Bank Plc and Zenith Bank Plc. (measured by volume) accounted for 581.950 million shares worth N6.363 billion in 7,185 deals, contributing 48.69% and 45.52% to the total equity turnover volume and value respectively.
The NSE All-Share Index (ASI): An index is an imaginary portfolio of securities representing a particular market or a proportion of the market.
Weekly performance %: (1.41)
MTD Performance %: 6.10
QTD Performance %: 6.10
YTD Performance %: (15.81)
NSE Insurance Index:
Weekly performance %: 1.36
MTD Performance %: 0.80
QTD Performance %: 0.80
YTD Performance %: (4.35)
NSE Oil & Gas Index:
Weekly performance %: (1.68)
MTD Performance %: (4.47)
QTD Performance %: (4.47)
YTD Performance %: (21.68)
NSE Banking Index:
Weekly performance %: (5.24)
MTD Performance %: 10.89
QTD Performance %: 10.89
YTD Performance %: (26.71)
NSE Consumer Goods Index:
Weekly performance %: (2.64)
MTD Performance %: 15.66
QTD Performance %: 15.66
YTD Performance %: (36.50)
NSE Industrial Goods Index:
Weekly performance %: 0.71
MTD Performance %: (2.20)
QTD Performance %: (2.20)
YTD Performance %: (5.41)
Top 5 Price Gainers
| COMPANY TICKER | OPEN | CLOSE | % CHANGE |
| CADBURY | 6.30 | 7.45 | 18.25 |
| WEMABANK | 0.56 | 0.62 | 10.71 |
| NEM | 2.00 | 2.20 | 10.00 |
| UPDC REIT | 3.10 | 3.40 | 9.68 |
| UPL | 0.96 | 1.05 | 9.38 |
Top 5 Price Decliners
| COMPANY TICKER | OPEN | CLOSE | % CHANGE |
| SKYAVN | 2.06 | 1.52 | 26.21 |
| UACN | 7.50 | 6.20 | 17.33 |
| GUINNESS | 22.40 | 18.90 | 15.63 |
| CHAMPION | 0.96 | 0.81 | 15.63 |
| OANDO | 2.62 | 2.30 | 12.21 |
In all, 25 equities appreciated in price during the week lower than 37 equities in the previous week. 33 equities depreciated in price, higher than 21 equities in the previous week, while 105 equities remained unchanged, the same with 105 equities recorded in the preceding week.
Our outlook for the market in the short to medium term remain the same, as there has been no material change in the prevailing economic conditions.
Written by:
Basil Maduakor
