Stock market records N140bn weekly loss
The Nigerian stock market extended its decline last week as investors lost N140bn.
The Nigerian Stock Exchange
All-Share Index and market capitalisation depreciated by 0.69 per cent
to close the week at 38,382.39 and N20.08tn respectively.
All other indices, however, finished
higher with the exception of NSE Mainboard, NSE 30, NSE Insurance, NSE
Consumer Goods, NSE Lotus II, NSE Industrial and NSE Growth Indices,
which declined by 1.68 per cent, 0.99, per cent, 0.01 per cent, 1.46 per
cent, 1.51 per cent, 2.62 percent and 0.25 per cent while the NSE
Sovereign Bond Index closed flat.
A total turnover of 2.34 billion
shares worth N19.27bn in 20,173 deals were traded last week by investors
on the floor of the exchange, in contrast to a total of 1.68 billion
shares valued at N23.54bn that exchanged hands in 21,732 deals in the
The financial services industry
(measured by volume) led the activity chart with 1.89 billion shares
valued at N12.45bn traded in 12,019 deals, thus contributing 80.60 per
cent and 64.58 per cent to the total equity turnover volume and value
The natural resources industry followed with 201.26 million shares worth N41.29m in 27 deals.
The third place was occupied by the
conglomerates goods industry, with a turnover of 62.05 million shares
worth N65.67m in 612 deals.
Trading in the top three equities,
namely Unity Bank Plc, Guaranty Trust Bank Plc and Multiverse Mining and
Exploration Plc (measured by volume) accounted for 1.47 billion shares
worth N7.11bn in 2,317 deals, contributing 62.82 per cent and 36.91 per
cent to the total equity turnover volume and value respectively.
Thirty-three equities appreciated in
price during the week, compared with 35 equities in the previous week;
25 equities depreciated in price, compared with 38 in the previous week,
while 104 equities remained unchanged, up from 89 recorded in the
A total of 435,459 units of Exchange
Traded Product valued at N2.35bn was traded last week in 29 deals,
compared with a total of 217,600 units valued at N3.69m transacted in
six deals in the previous week.
A total of 295,829 units of bonds
valued at N304.86m was traded last week in 20 deals, compared with a
total of 9,192 units valued at N10.67m transacted in six deals in the
Source: ThePunch, March 22, 2021