BEVERLY HILLS, January 22, (THEWILL) – The divergence in the Nigerian Stock Exchange (NSE) settled on Friday on a negative note as the NSE-ASI depreciated by -0.24 per cent to close at 41,001.99 basis points as against -0.12 per cent depreciation recorded in the previous trading.
This brings the year-to-date (YTD) returns to +1.82 percent.
Market capitalization stood at N21.448 trilling after losing N51 billion compared to N41.499 trillion recorded on Thursday.
Lafarge Africa topped the laggards’ table, dropping N1.95 kobo to close at N26 per share with MRS trailing with N1.20 kobo to close at N11.20 kobo, while Livestock Feeds dipped 28k to close at N2.52 per share.
NEM Insurance lost 26k to close at N2.43, while United Bank for Africa dipped 25k to close at N8.70 per share.
A total turnover of 4.288 billion shares worth N25.989 billion in 32,849deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 3.447 billion shares valued at N32.725 billion that exchanged hands last week in 30,327deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.607 billion shares valued at N12.454billion traded in 15,128deals; thus contributing 60.81per cent and 47.92 per cent to the total equity turnover volume and value, respectively.
The Conglomerates Industry followed with 813.813 million shares worth N1.561 billion in 2,417deals.
The third place was Oil and Gas Industry, with a turnover of 212.126 million shares worth N821.978 million in 2,726 deals.
Trading in the top three equities namely Transnational Corporation of Nigeria, Living Trust Mortgage Bank Plc and Japaul Gold and Ventures Plc (measured by volume) accounted for 1.582 billion shares worth N1.564 billion in 2,726deals, contributing 36.9 per cent and 6.02 per cent to the total equity turnover volume and value, respectively.
About the Author
Sam Diala is a Bloomberg Certified Financial Journalist with over a decade of experience in reporting Business and Economy. He is Business Editor at THEWILL Newspaper, and believes that work, not wishes, creates wealth.
