DEC 10, 2018: LAST WEEK AT THE NIGERIAN STOCK EXCHANGE

After one drop and four increases, the All share index at the Nigerian Stock Exchange closed at 30,866.82 on Friday, December 7, 2018, up 0.84% on a week earlier.

The week started with increase in the ASI from 30,611 to 30,798.76 by Monday and it continued on positive note daily from then to Wednesday's 31,151.68 then conceded the lone decline on Thursday to 30,819.10.

Nestlé Nigeria led price gains for the week with N64 per share increase after shedding N5 on Thursday and gaining N69 per share the next day. Thus it closed the previous week at N1485 per share and last week at N1549 per share.

Seplat Petroleum was the only other equity with above N1 per share gain. It ended the week up N9.40 per share  compared to N0.55 per share increase recorded by both Dangote Sugar and GTB to trail from a distance.

On the other hand, top price decline was Okomu Oil & Palm's N3.50 per share from N75.50 the previous week to N72 per share last week.

It was followed by other top 5 price drops, all of them above N1 per share. Dangote Cement closed down by N2.90 per share, followed by MRS Oil, down N2.85 per share; Nigerian Breweries with N2.60 per share drop and the pair of Stanbic IBTC and Cement Company of Northern Nigeria with N1.50 per share decline each.

Trading for week was at low point on Friday all round with 2631 deals for 178.994m shares valued at N1.556bn while top trade by volume was on Thursday when 280.939m shares were traded in 3030 deals worth N2.49bn.

By value and number of deals was however, Monday's 249.736m shares exchanged through 3122 deals worth N2.720bn.

In all, within the week there were 14,430 deals for 1,106.843m shares valued at N11.191bn.

ALL SHARE INDEX

Friday 7/12/2018.         30,866.82
Thursday.                        30,819.10
Wednesday.                    31,151.68
Tuesday.                          31,007.25
Monday                            30,798.76
Friday 30/11/2018.        30,611

TRADED VOLUME m

Friday 7/12/2018.           178.994
Thursday.                          280.939
Wednesday.                      198.637
Tuesday.                            198.535
Monday.                             249.736

TRADED VALUE Nm

Friday 7/12/2018.          1.556
Thursday.                         2.490
Wednesday.                     2.309
Tuesday.                           2.115
Monday.                            2.720

DEALS

Friday 7/12/2018.        2631
Thursday.                      3030
Wednesday.                  2845
Tuesday.                       2802
Monday                         3122


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