Menu

The main index of the Nigerian Stock Exchange – the All Share Index – depreciated by 0.69 per cent at the end of the trading week ended Friday, February 17, according to the NSE’s weekly market report.

The index fell to 25,164.91 points compared to 25,340.02 points posted a week earlier. On a year-to-date basis, the index has lost 6.36 per cent of its value. Market capitalization also fell by 0.69 per cent to N8.709 trillion as against N8.770 trillion recorded in the previous week.

On the gainers’ chart, the most appreciated stocks last week were: P.Z. Industries, which rose 21.29 per cent to close at N13.39; Julius Berger Nigeria rose 10.22 per cent to N38.39; Beta Glass appreciated by 10.22 per cent to N36.45; Forte Oil rose 9.91 per cent to close at N59.21; and United Capital closed at N3.82 having appreciated by 7.61 per cent.

On the losers’ chart, the most depreciated stocks were: Vitafoam Nigeria, which fell 13.04 per cent to close at N2; Fidson Healthcare, which declined by 11.40 per cent to N1.01; Nigerian Breweries fell 8 per cent to N115; CAP depreciated by 7.50 per cent to close at N29.60; and Eterna fell 6.70 per cent to N3.34.

The Financial Services Industry led the activity chart with 930.380 million shares valued at N5.701 billion and were traded in 8,759 deals. The sector contributed 86.70 per cent and 66.24 per cent to the total equity turnover volume and value, respectively. The Consumer Goods Industry followed with 52.480 million shares which traded in 2,513 deals at a total value of N1.992 billion. In third place was the Conglomerates Industry with a turnover of 22.125 million shares worth N39.217 million and traded in 499 deals.

The top three most traded equities – Staco Insurance, Zenith Bank, and Guaranty Trust Bank – accounted for 473.880 million shares valued at N4.269 billion and traded in 2,254 deals. The equities contributed 44.16 per cent and 49.60 per cent to the total equity turnover volume and value, respectively.