Trading experienced a downturn at the close of the past week at the Nigerian Stock Exchange with a turnover of 6.2 billion shares valued at 80.1 billion naira in 109,299 deals, down from 7.62 billion shares worth 115.44 billion naira in 120,472 deals recorded the previous week.
There were no transactions in federal Government Development stocks, State Government Bonds and Industrial Loans/Preference Stocks sector.
The Insurance sub-sector was the most active measured by turnover volume with 2.83 billion shares valued at 16.03 billion naira exchanged by investors in 33,569 deals.
Volume in the sector was driven by activity in the shares of Equity Assurance Plc, NEM Insurance Plc, Universal Insurance Co. Plc and Mutual Benefits Assurance Plc.
Trading in the shares of the four stocks accounted for 1.14 billion shares, representing 40.3% of the sub-sector’s turnover.
Like in the previous week, the Banking sub-sector boosted by the activity in the shares of First Bank of Nigeria Plc, Diamond Bank Plc and Intercontinental Bank Plc, followed on the week’s activity chart with a turnover of 1.5 billion shares worth 41.3 billion naira in 37,639 deals.
The All-share Index rose by 0.86% at an historic highest of 64,128.69 points, while the market capitalization of the 215 listed equities closed higher at 12.2 trillion naira.
One hundred and four stocks appreciated in price, lower than the 117 of last week.
Five Petroleum (Marketing) Stocks led on the gainers’ table. Just like in the previous week, Chevron Oil Nigeria Plc led with a gain of N54.60 to close at N330.75 per share while Mobil Oil Nigeria Plc followed with 32.05 to close at N231.05 per share.
Other price gainers are: Total Nigeria Plc, African Petroleum Plc, Conoil Plc, Cappa & D’Alberto Plc, Oando Plc among others.
Forty-seven stocks depreciated in price, higher than the thirty-six of the previous week, Nestle Nigeria Plc led the losers’ table, dropping by N19.99 to close at N280.01 per share, while Cadbury Nigeria Plc lost N7.16 to close at N47.00 per share.
Other losers include West African Portland Cement Co. Plc, Afroil Plc, National Sports Lottery Plc, Capital Oil Plc and Big treat Plc.
Panapress
