Equities trading on the Nigerian Stock Exchange (NSE) rebounded marginally between November 2 and 6, as foreign and domestic portfolio investors evaluate the medium and long term implications of regulatory sanctions on quoted companies.
Although most domestic investors showed high level of apathy toward equity investments, the market indicators recorded divergent characters.
The NSE All-Share Index depreciated by 0. 01 per cent to close at 29,175.35 points as against the opening index of 29,177.72 points.
The Market Capitalization, following the two days rally of Oando and StanbicIBTC share prices, grew by 0.02 per cent to close the week at N10.029 trillion compared with N10.028 trillion.
Inspite of the All-Share growth, most sectoral indices finished lower during the week under review with exception of NSE Premium, NSE 30, NSE Insurance, NSE Oil/Gas and NSE Pension.
The NSE ASeM Index also closed flat. The weekly transactions showed that at the end of the five-day transactions, investors bought 1.95 billion shares worth N17.34 billion in 15, 762 deals in contrast to 1.358 billion shares valued at N14.72 billion in 14,772 deals the previous week.
An analysis of the trading showed that the Financial Services Industry attracted the highest investors’ attention with 1.71 billion shares valued at N10. 77 billion traded in 9, 378 deals; or 87. 93 per cent and 62.13 per cent in turnover volume and value respectively.
A further breakdown of the weekly trading showed that investors interests in Access Bank Plc, Zenith International Bank Plc and United Bank for Africa Plc, accounted for 1.276 billion shares worth N8.340 billion in 2, 782 deals or 65.45 per cent and 48.11 per cent of the total equity turnover in volume and value respectively The Conglomerates Industry followed with 73. 43 million shares worth N173.73 million in 908 deals followed by the Oil and Gas Industry with 62. 711 million shares worth N2. 702 billion in 1, 688 deals.
Overall, Guinness led the price gainers with N18.24 to close at N143.25 per share.
Beta Glass share price gained N2.31 to close at N48.51 while StanbicIBTC Holding appreciated by N1.96 to close at N20.87 per share.
Oando share price closed stronger, chalking up N1.71 to close at N7.72 while National Aviation Handling Company gain 35k to close at N4.37 per share.
Conversely, Mobil led the price losers, shedding N15.01 to close at N138.99 per share.
Unilever followed with N7.25 to close at N31.43 per share while Fidson Healthcare share price fell by 60k to close at N2.81.
Ikeja Hotels share price depreciated by 38k to close at N3.20 while Caverton Offshore Support lost 29k to close at N2.76 per share.
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