News Column

NSE All-Share Index Dips to 41,532.31 Points

August 31, 2014

The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization depreciated by 0.08% to close on Friday at 41,532.31 and N13.714 trillion respectively.

Four of the indices appreciated during the week with the exception of the NSE Consumer Goods Index (0.23%), NSE Lotus II (1.39 per cent) and NSE Industrial Goods Index (1.51 per cent) while the NSE ASeM index closed flat.

Twenty-eight (28) equities appreciated in prices during the week, lower than thirty-four (34) equities of the preceding week. Forty-four (44) equities depreciated in prices higher than forty-two (42) equities of the preceding week, while one hundred and twenty eight (128) equities remained unchanged higher than one hundred and twenty four (124) recorded in the preceding week

All-in-all, a turnover of 1.342 billion shares worth N16.086 billion in 22,481 deals were traded last week by investors on the floor of The Exchange in contrast to a total of 1.031 billion shares valued at N12.284 billion that changed hands the previous week in 22,056 deals.

The Financial Services Industry (measured by volume) led the activity chart with 868.867 million shares valued at N7.471 billion traded in 10,992 deals; thus contributing 64.76% and 46.45% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with a turnover of 186.353 million shares worth 1.403 billion in 2,041 deals. The third place was occupied by Consumer Goods Industry with 84.541 million shares worth N4.235 billion in 3,439 deals.

Trading in The Top Three Equities Namely- Access bank Plc, Transnational Corporation of Nigeria Plc and Sterling Bank Plc (measured by volume) accounted for 524.031 million shares worth N3.900 billion in 3,012 deals, contributing 39.06per cent and 24.25per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 40,845 units of Exchange Traded Products (ETPs) valued at N1,147,958.30 executed in 21 deals compared with a total of 13,804 units valued at N541,755.15 million transacted the previoous week in 21 deals..

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Source: AllAfrica

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