31 stocks sink equities market with N83bn

Summary of price changes shows that only 28 equities appreciated in price during the week lower than 35 equities of the preceding week. Forty-one equities depreciated in price higher than 31 equities of the preceding week, while 128 equities remained unchanged lower than 130 equities recorded in the preceding week.
The market capitalization depreciated by N83 billion, represented 0.84 per cent to close at N9.847 trillion, while the NSE All-Share Index slumped by 249.98 basis points to end Friday at 29,562.07.
Nestle Foods Nigeria Plc led the top ten the losers with a loss of 29.90 per cent to close at N800.25 kobo, 7-Up Bottling Company Plc lost 6.00 per cent to close at N156.00 kobo, MRS Oil Nigeria Plc with 2.66 per cent to close at N50.54 kobo, Conoil Plc with 1.90 per cent to close at N36.21 kobo and Flour Mills Nigeria Plc with 1.75 per cent to close at N37.05 kobo per share.
Others on the chart are, Zenith Bank Plc with 1.49 per cent to close at N16.01 kobo, Guaranty Trust Bank Plc with 0.97 per cent to close at N20.03 kobo, Oando Plc with 0.81 per cent to close at N15.39 kobo, Diamond Bank Plc with 0.42 per cent to close at N3.58 kobo and FBN Holdings Plc with 0.40 per cent to close at N7.09 kobo per share.
Forte Oil Plc led gainers chart with 6.00 per cent to close at N230.00 kobo, followed by Seplat Petroleum Development Company Plc with 4.68 per cent to close at N305.23 kobo, P. Z. Industries Plc with 4.64 per cent to close at N29.64 kobo, Presco Plc with 3.03 per cent to close at N32.66 kobo per share.
Others on the chart are, Okomu Oil Palm Company Plc with 2.99 per cent to close at N27.45 kobo, Cap Plc with 2.75 per cent to close at N38.75 kobo, Lafarge Africa Plc with 1.55 per cent to close at N82.55 kobo, Dangote Sugar Refinery Plc with 1.29 per cent to close at N6.82 kobo, Ecobank Transnational Incorporated with 1.13 per cent to close at N16.18 kobo and UACN Property Development Company Plc with 0.53 per cent to close at N9.13 kobo per share.
However, a turnover of 2.210 billion shares worth N28.960 billion in 19,495 deals were traded this week by investors on the floor of the exchange in contrast to a total of 2.119 billion shares valued at N25.941 billion that exchanged hands last week in 21,044 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.361 billion shares valued at N10.216 billion traded in 11,030 deals; thus contributing 61.58 per cent and 35.28 per cent to the total equity turnover volume and value respectively. The Oil & Gas Industry followed with a turnover of 439.182 million shares worth N8.402 billion in 1,722 deals. The third place was occupied by the Consumer Goods Industry with 236.003 million shares worth N7.881 billion in 3,464 deals.
On day by day trading, equities market open Monday on a negative note, as NSE ASI depreciated by 0.11 per cent to close at 29,779.17 basis points, compared with the 0.42 per cent appreciation recorded previously.
Market breadth closed negative as Presco Plc led 29 gainers against 39 losers topped by Red Star Express Plc which was an unimproved performance when compared with previous outlook.
Market turnover closes negative as volume moved southwards by 64.42 per cent against 80.61 per cent uptick recorded in the previous session. Access Bank Plc, Guaranty Trust Bank Plc and Custodian and Allied Insurance Plc were the most active to boost market turnover. Guaranty Trust Bank Plc Flour Mills of Nigeria Plc top market value list.
The NSE Oil & Gas Index records 0.88 per cent loss to emerge the most supportive sectoral index among others while the NSE Banking Index emerged as worst hit to close with 0.19 per cent.
On Tuesday the stocks resume gains as NSE ASI appreciated by 0.27 per cent to close at 29,859.06 basis points.
Market breadth closed negative as Okomu Oil Plc led 25 gainers against 28 losers topped by MRS Oil Plc which was an unimproved performance when compared with previous outlook.
Market turnover closes positive as volume moved northwards by 77.44 per cent. Access Bank Plc, Fidelity Bank Plc and Diamond Bank Plc were the most active to boost market turnover. Unilever Nigeria Plc and Access Bank Plc top market value list.
Nigerian stocks extend gains on value investing on Wednesday as NSE ASI appreciated by 0.16 per cent to close at 29,907.66 basis points.
Market breadth closed positive as Ikeja Hotel Plc led 23 gainers against 18 losers topped by Red Star Express Plc at the end of the trading.
Market turnover closes negative as volume moved northwards by 48.15 per cent. Access Bank Plc, Unilever Nigeria Plc and Diamond Bank Plc were the most active to boost market turnover.
The NSE Banking Index records 0.35 per cent loss to emerge the most supportive sectoral index among others while the NSE Industrial Index emerged as worst hit to close with 0.31 per cent.
Stocks erase two day gain on high speculative tendency on Thursday while the equities market closed on a negative note. The NSE ASI depreciated by 0.89 per cent to close at 29,642.38 basis points, compared with the 0.16 per cent appreciation recorded previously.
Market breadth closed negative as CAP Plc led 19 gainers against 26 losers topped by Flour Mills of Nigeria Plc.
Market turnover closes positive as volume moved northwards by 227.76 per cent against 48.15 per cent decline recorded in the previous session. Fidelity Bank Plc, Ecobank Transnational Incorporation of Nigeria Plc and Dangote Sugar Plc were the most active to boost market turnover.
The NSE Industrial Index records 0.89 per cent gain to emerge the most supportive sectoral index among others while the NSE 30 Index emerged as worst hit to close with 1.13 per cent.
The equity market however ends week lower on Friday by 0.84 per cent on growing speculative tendency.
The equities market closed on a negative note, as NSE ASI depreciated by 0.27 per cent to close at 29,562.07 basis points.
Market breadth closed negative as Cutix Plc led 15 gainers against 33 losers topped by Ikeja Hotel Plc.
Market turnover closes negative as volume moved southwards by 65.36 per cent against 227.76 per cent uptick recorded in the previous session. Zenith Bank Plc, FBN Holdings Plc and Diamond Bank Plc were the most active to boost market turnover.