Menu

The main index of the Nigerian Stock Exchange – the All Share Index – depreciated by 1.45 percent at the close of the trading week ended Friday, June 10th.

The index closed the week at 27.232.62 points as against 27,634.42 points at the start of the week.

Market capitalization also fell 1.45 percent to N9.353 trillion at the week’s close from N9.491 trillion at the start of the week.

With the exception the NSE ASeM [Alternative Securities Market] Index, NSE Insurance Index, and the NSE Oil/Gas, all sub-indexes finished lower during the week.

The NSE 30 Index fell by 1.51 percent to close at 1,210.68 points; the NSE Banking Index fell by 0.96 percent to close at 276.29 points; and the NSE Consumer Goods Index fell by 1.87 percent to close at 692.29 points.

On the gainers chart, the top five most appreciated stocks are: Unity Bank, which rose 30.43 percent to close at N1.2; NEM Insurance, which rose 24.68 percent to close at N0.96; Union Dicon Salt, which rose 15.69 percent to close at N14.38; Neimeth Pharmaceuticals, which rose 13.92 percent to close at N0.9; and Oando, which rose 13.64 percent to close at N7.

On the losers chart, the top five most depreciated stocks are: Cadbury Nigeria, which fell 9.71 percent to close at N18.51; Airline Services and Logistics, which fell 9.38 percent to close at N1.74; United Bank for Africa, which fell 9.11 percent to close at N4.29; Glaxosmithkline Consumer, which fell 8.95 percent to close at N18.21; Union Bank of Nigeria, which fell 8.59 percent to close at N5.

The Financial Services Industry led the trading chart in the week with 782.476 million shares valued at N4.114 billion traded in 10,477 deals. The sector contributed 81.51 percent and 52.27 percent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 59.433 million shares worth N99.619 million in 762 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 46.553 million shares worth N2.833 billion in 2,703 deals.

Trading in the top three equities – United Bank for Africa, FBN Holdings, and Access Bank – accounted for 288.689 million shares worth N1.275 billion in 3,854 deals. These securities alone contributed 30.07 percent and 16.20 percent to the total equity turnover volume and value respectively.