News Column

Stocks Decline By N190 Billion in August

September 1, 2014

Kayode Ogunwale

Market capitalisation of equities listed on the Nigerian Stock Exchange (NSE) recorded a decline of N190 billion at the end of August transaction.

The market capitalisation of 200 equities listed on the Nigerian bourse open the month of August at N13.904 trillion to close at N13.714 trillion, representing 1.37 per cent decline.

Although, the total market capitalisation of the NSE tradable products which comprised equities, bonds and Exchange Traded Fund (ETF) appreciated by N149 billion from N18.943 trillion to N19.092 trillion, translating into 0.79 per cent.

The gain witnessed in the total market capitalisation was as a result of N332 billion appreciations recorded by bonds segment of the exchange.

Bonds market capitalistion open the month with N5.039 trillion and close at N5.371 trillion, representing 6.59 per cent increase.

Also at the end of the month, the ETF segment market capitalisation depreciated by 4.28 per cent from N3.362 billion to N3.218 billion.

However, a turnover of 5.446 billion shares worth N67.788 billion in 99,796 deals were traded last month by investors on the floor of the exchange, in contrast to a total of 8.319 billion shares valued at N112.094 billion that exchanged hands in July in 109,607 deals.

The Financial Services Industry (measured by volume) led the activity chart with 3.974 billion shares, valued at N33.811 billion traded in 48,846 deals, thus, contributing 72.97 per cent and 49.88 per cent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with a turnover of 523.892 million shares, worth N3.890 billion in 7,185 deals.

The third place was occupied by Consumer Goods Industry with 268.118 million shares worth N16.360 billion in 14,981 deals.

Summary of price changes showed that 40 equities appreciated in prices during the month, higher than 36 equities of the preceding month.

Fifty-Six equities depreciated in prices lower than 61 equities of the preceding month, while 104 equities remained unchanged higher than 103 recorded in the preceding month.

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Source: AllAfrica

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