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Trading
activities at the Nigerian Stock Exchange (NSE) remained negative as
measuring parameters of market performance closed down throughout last
week’s trading.

The NSE All-Share
Index depreciated by 753.99 points or 3 per cent to close on Friday at
24,984.80 while the market capitalization of the 199 First -Tier
equities closed lower at N6.11 trillion, after opening the week at
25,738.79 basis points and N6.294 trillion, respectively. The All-Share
Index also depreciated by 0.4 per cent last week.

Three of the four
sectorial indices depreciated during the week. The NSE Food/Beverage
Index depreciated by 23.33 points or 2.82 per cent to close at 811.62,
the NSE Banking Index depreciated by 14.56 points or 3.8 per cent to
close at 373.50 and the NSE Insurance Index depreciated by 2.18 points
or 1.2 per cent to close at 177.22. However, the NSE Oil/Gas Index
appreciated by 0.87 points or 0.23 per cent to close at 376.28.

A total turnover of
1.23 billion shares worth N11.3 billion in 33,065 deals was recorded at
the close of last week, in contrast to a total of 1.1 billion shares
valued at N9.11 billion exchanged in 27,401 deals the previous week.

Banking leads

The Banking
subsector was the most active during the week, measuring by turnover
volume, with 544.01 million shares worth N4.4 billion exchanged by
investors in 16,608 deals. Volume in the Banking subsector was largely
driven by activity in the shares of UBA Plc, Zenith Bank Plc, Fidelity
Bank Plc and Guaranty Trust Bank Plc. Trading in the shares of the four
Banks accounted for 250.22 million shares, representing 46.0 per cent
and 20.3 per cent of the subsector’s turnover and total volume traded
during the week, respectively.

The Construction
subsector, boosted by activity in the shares of Multiverse Resources
Plc, followed on the week’s activity chart with a turnover of
94.51million shares valued at N130.4 million in 298 deals. Last week,
the Banking subsector led on the activity chart and was followed by the
Insurance subsector.

Gainers reduce

A total of 28
stocks appreciated in price during the week, lower than the 30 of the
preceding week. Northern Nigeria Flour Mills Plc led on the gainers’
table with a gain of N3.43 to close at N37.01 per share while Nestle
Nigeria Plc followed with N2.00 to close at N371.00 per share.

On the losers’
chart, a total of 64 stocks depreciated in price during the week,
higher than the 59 of the preceding week. Nigerian Breweries Plc led on
the price losers’ table, shedding N7.04 to close at N68.01 per share
while Flour Mills of Nigeria Plc followed with a loss of N1.99 to close
at N74.01 per share.

Two equity prices
were adjusted for dividend or bonus as recommended by the Board of
Directors. Poly Products Nigeria Plc was adjusted for dividend of N0.08
per share while Unity Kapital Assurance Plc was adjusted for bonus of
one for every 19 units of shares own.

Bond market

A turnover of
166.74 million units worth N170.761 billion in 1,762 deals was recorded
last week, in contrast to a total of 273.73 million units valued at
N293.907 billion exchanged in 2,705 deals during the previous week.

The most active bond, in terms of turnover volume, was the 10.00 per
cent FGN July 2030 with a traded volume of 47.65 million units valued
at N45.879 billion in 876 deals. This was followed by 4.00 per cent FGN
April 2015 with a traded volume of 24.6 million units valued at N20.400
billion in 189 deals. Only 20 of the available 37 FGN Bonds were traded
during the week, compared with the 22 in the in the preceding week.