Profit-takers maintain focus as stocks losses N289bn

During the week, all the NSE indices depreciated: NSE Consumer Goods 1.38 per cent, NSE Banking 2.28 per cent, NSE Insurance 3.96 per cent, NSE Oil/Gas 3.65 per cent, NSE-Lotus II 3.60 per cent, NSE Industrial Goods 5.60 per cent and NSE-ASeM 0.05 per cent.
The equities market open the week on Monday on a negative trend, as the NSE ASI closed flat to close at 36,464.35 points, compared with the depreciation of 1.35 per cent recorded previously.
The market capitalization also depreciated by 1.65 per cent to close at N11.521 trillion, compared with depreciation of 1.35 per cent recorded previously to close at N11.715 trillion.
NSE-Banking, NSE-30 and NSE-Insurance stocks were the most hit as captured by NSE sector indices. NSE-Food dips up 0.58 per cent as NSE-Oil moved northward by 0.54 per cent.
On Tuesday, the market closed on a negative note, as the NSE ASI depreciated by 1.96 per cent to close at 35,751.40 points, while market capitalization also depreciated by 1.96 per cent to close at N11.296 trillion.
NSE-Industrial, NSE-Food and NSE-Banking stocks were the most hit as captured by NSE sector indices. NSE-LII dips up 1.75 per cent as NSE-Oil also moved southward by 2.83 per cent.
Activities on Wednesday closed on a positive note, as the NSE ASI appreciated by 0.96 per cent to close at 36,095.27 points.
The market capitalization also appreciated by 0.96 per cent to close at N11.404 trillion.
NSE-Oil, NSE-Food and NSE-Banking stocks were the most supportive as captured by NSE sector indices. NSE-LII dips up 0.20 per cent as NSE-Industrial also moved downward by 2.62 per cent.
Market outlook reveals sustained bargain activities across the board on Thursday with impressive breadth as the NSE ASI appreciated by 1.03 per cent to close at 36,468.25 points, while market capitalization also appreciated by 1.03 per cent to close at N11.522 trillion.
NSE-Insurance, NSE-30 and NSE-Banking stocks were the most supportive as captured by NSE sector indices. NSE-Oil dips by 2.03 per cent as NSE-Industrial moved upward by 1.53 per cent.
The equities market closed Friday on a negative note, as the NSE ASI depreciated by 0.83 per cent to close at 36,164.30 points. The market capitalization also depreciated by 0.83 per cent to close at N11.42 trillion.
A turnover of 2.456 billion shares worth of N24.230 billion in 33,402 deals were traded this week by investors on the floor of the exchange in contrast to a total of 1.631 billion shares valued at N21.680 billion that exchanged hands last week in 30,952 deals. The Financial Services sector (measured by volume) led the activity chart with a turnover of 1.434 billion shares valued at N14.740 billion traded in 19,063 deals. The Financial Services sector represented 58.39 per cent, 60.83 per cent, and 57.07 per cent of the total traded volume, value and deals respectively.
The Conglomerates sector followed with a turnover volume of 453.830 million shares worth N806.109 million in 1,242 deals contributing 18.48 per cent, 3.33 per cent and 3.72 per cent of the total equity turnover volume, value and deals respectively. The Industrial Goods sector came third with a turnover volume of 235.872 million shares worth N2.160 billion in 1,539 deals.
Trading in the top three equities namely Transnational Corporation of Nigeria Plc, UBA Plc and Portland Paints & Products Nigeria Plc (measured by turnover volume) accounted for 940.729 million shares worth N3.854 billion in 2,668 deals contributing 38.30 per cent, 15.90 per cent and 7.99 per cent to the total equity turnover volume, value and deals respectively.
Thirty five equities appreciated in prices during the week higher than 32 equities of the preceding week. Forty-seven equities depreciated in prices lower than 49 equities of the preceding week, while 111 equities remained constant lower than 112 equities of the preceding week.
Champion Breweries Plc led on the gainers chart with N1.11 kobo or 20.86 per cent, followed by May & Baker Nigeria Plc with N0.42 kobo or 18.10 per cent, Presco Plc with N3.94 kobo or 10.66 per cent, Wema Bank Plc with N0.11 kobo or 9.91 per cent, IHS Plc with N0.18 kobo or 9.89 per cent, DN Meyer Plc with N0.13 kobo or 9.85 per cent, Ikeja Hotel Plc with N0.08 kobo or 9.76 per cent, Julius Berger Nig. Plc with N5.59 kobo or 9.18 per cent, Costain (W A) Plc with N0.13 kobo or 9.15 per cent and Dangote Sugar Refinery Plc with N0.91 kobo or 8.67 per cent.
On the other hand, Evans Medical Plc led on losers chart with N0.62 kobo or 18.79 per cent, followed by Airline Services And Logistics Plc with N0.70 kobo or 13.46 per cent, Mansard Insurance Plc with N0.28 kobo or 12.17 per cent, PZ Cussons Nigeria Plc with N5.20 kobo or 11.56 per cent, Wapic Insurance Plc with N0.11 kobo or 11.00 per cent, Cutix Plc with N0.24 kobo or 10.62 per cent, Mobil Oil Nig Plc with N11.90 kobo or 10.00 per cent, Cap Plc with N5.98 kobo or 9.98 per cent, Academy Press Plc with N0.22 kobo or 9.73 per cent and AG Leventis Nigeria Plc with N0.15 kobo or 9.68 per cent.