Stock investors lost N239bn in one week

Stock investors lost N239bn in one week

Stock market

The Nigerian Stock Exchange (NSE) All-Share Index (ASI) and market capitalisation depreciated by 2.69 percent and 1.61percent respectively to close the week ended February 7, 2020 at 28,067.09 points and N14.618trillion respectively.

In the preceding week ended January 31, the ASI closed at 28,843.53 points, while the value of listed stocks stood at N14.857trillion. In the review week, investors lost about N239billion.

All other indices finished lower with the exception of NSE Insurance index which appreciated by 0.23 percent while NSE ASeM Index closed flat. Fifteen (15) equities appreciated in price during the review week, lower than seventeen (17) equities in the preceding week.

Forty-nine (49) equities depreciated in price, higher than 44 equities in the preceding week, while 99 equities remained unchanged, lower than 102 equities recorded in the preceding week.

The market recorded total turnover of 1.478billion shares worth N20.295billion in 23,263 deals in contrast to a total of 1.561billion shares valued at N26.073billion that exchanged hands in the preceding trading week in 21,444 deals.

The  Financial  Services  industry  (measured  by  volume) led  the  activity  chart  with 1.199billion shares valued at N13.728billion traded in 15,183 deals; thus contributing 81.14percent and 67.64percent to the  total  equity  turnover  volume  and  value respectively.

The Consumer Goods followed  with 68.225million  shares  worth  N2.444billion  in 2,312deals, and Conglomerates industry with a turnover of 60.095million shares worth N242.213million in 922deals.

Trading in the top three equities – Zenith Bank Plc, FBN Holdings Plc and Guaranty Trust Bank Plc (measured by  volume) accounted for 621.150 million shares  worth  N11.275billion in 6,718deals,  contributing 42.03percent and 55.56 percent to  the  total  equity  turnover  volume  and  value respectively.


Iheanyi Nwachukwu

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