The Nigerian stock market ended the week on a bearish note as the All-Share Index, which is the benchmark in measuring the market’s performance dipped by 0.57% and investors lost about N117 billion during the week.
This is contained in the weekly market report, for the week ended 3rd September 2021 as released by the Nigerian Exchange group.
The decline recorded in the week cancelled out the marginal gain of 0.01% recorded in the previous week. Specifically, the all-share index declined from 39,485.65 to 39,261.01 points as of Friday, 3rd September 2021, while the equities market capitalisation closed at N20.46 trillion.
Equity Market Performance
A total turnover of 1.34 billion shares valued at N8.65 billion in 19,830 deals were traded this week by investors on the floor of the Exchange, compared to a total of 1.03 billion shares valued at N8.18 billion that exchanged hands last week in 18,102 deals.
The Financial Services Industry led the activity chart by volume with 615.59 million shares valued at N4.189 billion traded in 9,021 deals; contributing 45.9% and 48.4% to the total equity turnover volume and value respectively.
The Conglomerates Industry is a distant second with 253.39 million shares worth N280.79 million in 1,126 deals, while Consumer Goods came third, with a turnover of 185.85 million shares valued at N1.59 billion in 4,107 deals.
Trading in the top three equities namely Transnational Corporation of Nigeria Plc, Honeywell Flour Mill Plc and Access Bank Plc accounted for 450.57 million shares worth N1.492 billion in 3,696 deals, contributing 33.66% and 17.25% to the total equity turnover volume and value respectively.
Twenty-six (26) equities appreciated in price during the week, thirty-six (36) equities depreciated in price while ninety-four (94) equities remained unchanged over the week.
All other indices finished lower with the exception of NGX Insurance, NGX AFR Div Yield, NGX MERI Growth, NGX Meri Value and NGX Sovereign Bond indices which appreciated by 0.79%, 0.11%, 0.03%, 0.31% and 0.65% respectively, while the NGX ASeM and NGX Growth Indices closed flat.
During the week, Access Bank declared an interim dividend of N0.3 to its shareholder, with a qualification date of 16th September 2021, and payment date slated for 29th of the month.
Exchange-Traded Products (ETPs)
A total of 54,468 units valued at N2.603 million were traded this week in 19 deals compared with a total of 39,465 units valued at N1.834 million transacted last week in 27 deals.
The six items traded during the week, were, STANBICETF30, VETINDETF, NEWGOLD, GREENWETF, VETBANK, and VETGRIF30.
Fixed Income Securities Market
A total of 100,152 units valued at N99.67 million were traded this week in 27 deals compared with a total of 26,861 units valued at N27.5 million transacted last week in 17 deals.
The securities traded were, FGSUK2027S3, FGS202487, FGSUK2024S1, FG9B2022S1, FG112024S1, FGSUK2025S2, FG112034S2, and FGS202141.
During the week, the June 2021 Issue of the Federal Government of Nigeria (FGN) Savings Bonds were listed on the Nigerian Exchange Limited today, with 8.889% and 9.889% coupon rate respectively.
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