A review of activities of investors on the Nigerian Exchange Limited in December 2021, showed investors achieved a 6.1% return on investment to close the year. The performance was however a far cry when compared to the 50% gain recorded in the equity market in 2020. BAMIDELE FAMOOFO reports.
Investment in the stock market recorded a 6.1% return year-to-date in 2021 as against 50% achieved in 2020 as the Nigerian equities market ended the last trading week of 2021 on a bullish note with All-Share Index edged up by 1.1% to close at 42,716.44 points while market capitalisation closed the year at N22.297 trillion.
Quarter- to- date (December 24, 2021), return on investment rose to 5.08% but as at December 24, month-to-date, investment recorded a lull as return dropped -2.3%.
A review of the performance of the market in December showed that investors splashed about N72.03billion on over 6.2billion shares of the various companies listed on the Exchange in December. Activities of investors was not limited to equities market as trading took place also in the ETP and Bonds segments of the market.
In the Bond market, about N63.58million was spent on 63,220 units of government bonds in December while N1.51million was exchanged for 61,709 units in the ETP segment.
The activities of top 10 stockbrokers (big ticket dealers) were pronounced with about 6.73billion units of shares acquired for about N82.84billion in three weeks. The top 10 dealers who transact mainly for institutional investors and foreign portfolio investors injected more money into the Nigerian equities market in second week of December with N38.71billion splashed on 3.79billion units of shares.
“A review of the performance of the market in December showed that investors splashed about N72.03billion on over 6.2billion shares of the various companies listed on the Exchange in December
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Weekly performance review
A total turnover of 1.278 billion shares worth N17.340 billion in 21,052 deals were traded in the first week of December by investors on the floor of the Exchange, in contrast to a total of 3.435 billion shares valued at N30.915 billion that exchanged hands in the last week in November in 21,109 deals.
The Financial Services Industry (measured by volume) led the activity chart with 984.543 million shares valued at N10.247 billion traded in 11,029 deals; thus contributing 77.01% and 59.09% to the total equity turnover volume and value respectively. Consumer Goods Industry followed with 78.724 million shares worth N2.328 billion in 3,137 deals. The third place was The Conglomerates Industry, with a turnover of 48.730 million shares worth N69.840 million in 647 deals.
Trading in the top three equities namely FBN Holdings Plc, Guaranty Trust Holding Company Plc and Access Bank Plc (measured by volume) accounted for 470.731 million shares worth N6.571 billion in 3,887 deals, contributing 36.82% and 37.90% to the total equity turnover volume and value respectively.
In the ETP section, a total of 13,481 units valued at N714, 329.90 were traded in the week in 15 deals compared with a total of 147 units valued at N15, 766.78 transacted in the preceding week in 7 deals.
A total of 3,344 units valued at N3.603 million were traded in the Bond market in the week in 7 deals compared with a total of 31,275 units valued at N33.596 million transacted the week before in 21 deals.
The NGX All-Share Index and Market Capitalization depreciated by 2.63% to close the week at 42,167.91 and N22.003 trillion respectively.
Similarly, all other indices finished lower with the exception of NGX Insurance index which appreciated by 2.97%, while the NGX ASeM, NGX Growth and NGX Sovereign Bond Indices closed flat.
Eighteen (18) equities appreciated in price during the week, lower than Twenty-nine (29) equities in the previous week. Forty-nine (49) equities depreciated in price, higher than Thirty-six (36) equities in the previous week, while eighty-nine (89) equities remained unchanged lower than ninety-one (91) equities recorded in the previous week.
In the second week ended December, a 10 total turnover of 2.630 billion shares worth N26.900 billion in 20,848 deals were traded in contrast to a total of 1.278 billion shares valued at N17.340 billion that exchanged hands in the first week in 21,052 deals.
Breakdown of activities showed that the Financial Services Industry (measured by volume) led the activity chart with 2.234 billion shares valued at N21.449 billion traded in 11,482 deals; thus contributing 84.95% and 79.73% to the total equity turnover volume and value respectively. The Services Industry followed with 157.089 million shares worth N695.798 million in 465 deals. The third place was The Consumer Goods Industry, with a turnover of 71.016 million shares worth N1.708 billion in 3,019 deals.
Trading in the top three equities namely FBN Holdings Plc, Sterling Bank Plc and C & I Leasing Plc (measured by volume) accounted for 1.607 billion shares worth N14.751 billion in 1,646 deals, contributing 61.13% and 54.84% to the total equity turnover volume and value respectively.
A total of 47 units valued at N208, 310.73 were traded this week in 6 deals in the ETP market compared with a total of 13,481 units valued at N714, 329.90 transacted last week in 15 deals.
A total of 32,269 units valued at N32.476 million were traded in the second week in 17 deals in bonds, compared with a total of 3,344 units valued at N3.603 million transacted the previous week in 7 deals.
The NGX All-Share Index and Market Capitalisation depreciated by 0.68% to close the week at 41,882.97 and N21.854 trillion respectively while other indices finished higher with the exception of NGX 30, NGX Premium, NGX Lotus II and NGX Industrial Goods indices which depreciated by 0.54%, 2.25%, 1.31% and 5.42% respectively while the NGX ASeM, NGX AFR Div Yield, and NGX Sovereign Bond Indices closed flat.
At the close of the second week, thirty-five (35) equities appreciated in price during the week, higher than eighteen (18) equities in the previous week. Twenty-seven (27) equities depreciated in price, lower than forty-nine (49) equities in the previous week, while ninety-four (94) equities remained unchanged higher than eighty-nine (89) equities recorded in the previous week.
The third week ended December 17, recorded a total turnover of 1.317 billion shares worth N15.330 billion in 18,292 deals in contrast to a total of 2.630 billion shares valued at N26.900 billion that exchanged hands in the second week in 20,848 deals.
“As usual, the Financial Services Industry (measured by volume) led the activity chart with 899.768 million shares valued at N7.325 billion traded in 9,326 deals; thus contributing 68.32% and 47.78% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 209.502 million shares worth N2.796 billion in 2,866 deals
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As usual, the Financial Services Industry (measured by volume) led the activity chart with 899.768 million shares valued at N7.325 billion traded in 9,326 deals; thus contributing 68.32% and 47.78% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 209.502 million shares worth N2.796 billion in 2,866 deals. The third place was The Conglomerates Industry, with a turnover of 93.813 million shares worth N663.135 million in 485 deals.
Trading in the top three equities namely FBN Holdings Plc, International Breweries Plc and Access Bank Plc (measured by volume) accounted for 469.879 million shares worth N4.170 billion in 1,958 deals, contributing 35.68% and 27.20% to the total equity turnover volume and value respectively.
The NGX All-Share Index and Market Capitalisation appreciated by 1.12% and 1.16% to close the week at 42,353.31 and N22.107 trillion respectively. Similarly, all other indices finished higher with the exception of NGX Main Board, NGX Banking, NGX AFR Bank Value, NGX AFR Div Yield, NGX MERI Growth and NGX Oil/Gas indices which depreciated by 0.22%, 1.82%, 2.23%, 0.08%, 0.85% and 0.57% respectively while the NGX ASeM, NGX Growth and NGX Sovereign Bond Indices closed flat.
Thirty-two (32) equities appreciated in price during the week, lower than thirty-five (35) equities in the previous week. Twenty-eight (28) equities depreciated in price, higher than twenty-seven (27) equities in the previous week, while ninety-six (96) equities remained unchanged higher than ninety-four (94) equities recorded in the previous week.
Total turnover of 995.361 million shares worth N13.21 billion in 10,264 deals was traded in the last week of December by investors on the floor of the Exchange, in contrast to a total of 965.061 million shares valued at N12.46 billion that exchanged hands in the week before last in 14,802 deals.
The Financial Services Industry (measured by volume) led the activity chart with 843.972 million shares valued at N5.885 billion traded in 5,925 deals; thus contributing 84.79% and 44.55% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 46.815 million shares worth N166.702 million in 368 deals. The third place was
The Construction/Real Estate Industry, with a turnover of 27.276 million shares worth N107.509 million in 315 deals.
Trading in the top three equities namely Jaiz Bank Plc, FBN Holdings Plc, and Zenith Bank Plc (measured by volume) accounted for 348.887 million shares worth N 3.4193 billion in 1,552 deals, contributing 35.05% and 25.88% to the total equity turnover volume and value respectively.
