NSE ROUNDUP: Profit-taking drags indices low for 2nd successive week

The Nigerian stock market recorded poor performances across its key market indices this week owing to series of profit-taking activities by investors.

The bear was dominant in the market all week long and the bullish performance posted by the market Wednesday and Thursday was incapable of saving the bourse from ending the week in the negative territory.

The All Share Index (ASI) slumped by 1.19% to 26,536.21 basis points from the 26,855.52 recorded last week. Market Capitalisation dipped by the same margin from the N12.962 trillion posted last week to close at N12.808 trillion.

Trade Volume of 1.044 billion shares worth N14.628 billion was recorded in 14,974 deals this week compared to the 952.697 million shares valued at N12.774 billion posted in 17,279 deals last week.

Read also: Over $60bn traded in I&E forex window since inception —Emefiele

On the Activity Chart, the Financial Services sector dominated trade with 556.905 million shares estimated at N5.678 billion traded in 8,267 transactions. In other words, it contributed 52.33% and 38.81% to the total equity turnover volume and value respectively. The Healthcare sector traded 215.030 million shares worth N122.603 million in 412 deals. The Conglomerates sector came third, trading 89.601 million shares priced at N466.294 million in 874 deals.

As regards Index Movement, all indices depreciated save for the NSE Pension, NSE Insurance, NSE-AFR Div Yield, NSE MERI Value and NSE Oil and Gas Indices. They grew by 0.02%, 0.03%, 2.09%, 2.06% and 0.03% respectively.

 

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