The Nigeria Stock Exchange (NSE) ended Friday, 10th July, trading activities on a bullish ride with the apex bourse all share index (ASI) going up, on a day on day basis, by 0.12% to close at 24,306.36 index. The QTD and YTD earnings of the stock market dropped by 0.71% and 9.45% respectively.
INTBREW, VITAFOAM and GLAXOSMITH led the top advances going up by 6.94%, 5.13% and 4.35% respectively. Top decliners from Friday’s trade were ABCTRANS, UBA and GTB with value of their shares declining by 8.93%, 2.34% and 1.32% respectively.
On the chart of most traded stock, sterling Bank dominates in the volume of shares traded while Zenith bank dominates in value. The tier 2 Bank’s shareholders traded 17.66 million shares valued at N22.63 million. Zenith Bank came in second with 13.24 million traded shares valued at N220.46 million.
The weekly report published by the NSE revealed that a total turnover of 901.542 million shares worth N13.453 billion in 18,676 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 961.833 million shares valued at N9.181 billion that exchanged hands last week in 20,058 deals.
The Financial Services industry (measured by volume) led the activity chart with 629.368 million shares valued at N5.186 billion traded in 9,887 deals; thus contributing 69.81% and 38.55% to the total equity turnover volume and value respectively.
The ICT industry followed with 59.506 million shares worth N5.161 billion in 684 deals. The third place was the Consumer Goods industry, with a turnover of 57.136 million shares worth N1.385 billion in 2,993 deals.
Trading in the top three equities namely Guaranty Trust Bank Plc, Fidelity Bank Plc and Zenith Bank Plc. (measured by volume) accounted for 293.678 million shares worth N4.042 billion in 4,334 deals, contributing 32.58% and 30.05% to the total equity turnover volume and value respectively.
Also, the NSE All-Share Index and Market Capitalization both depreciated by 0.12% to close the week at 24,306.36 and N12.680 trillion respectively. The QTD and YTD earnings of the stock market dropped by 0.71% and 9.45% respectively.
All other indices finished lower with the exception of NSE CG, NSE Premium, NSE Banking, NSE Pension, NSE-AFR Bank Value, NSE AFR Div Yield and NSE MERI Value Indices which appreciated by 2.37%, 0.89%, 5.85%, 1.13%, 5.86%, 4.66% and 4.36% respectively.
At the end of the week, the table below summarizes the top gainers and losers.
Stock buyers are advised to trade cautiously in a new week as market watchers foresee a more pressured Bourse in the meantime, despite the attractiveness of a number of fundamentally sound stocks hence. The continued spread of the Coronavirus and its negative impact on major global and domestic indicators remains a source of worry to investors and businesses.
We advise you consult a licensed investment specialist before making commitment to any stock
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