Investment dips further by 2.5% at Nigeria Stock Exchange

 The cumulative net worth of investors on the Nigerian Stock Exchange dipped further by 2.5 per cent in the week ended November 20, 2015, as stakeholders scramble to locate the economic direction of the President Muhammadu Buhari administration.

 Checks shows that while most investors continued to seek capital gains from the market for the yuletide expenses, increasing market lethargy impacted negatively on the Nigerian market indicators.

At the close of transaction late Friday, November 20, the All-Share Index dipped by 710.39 points to close at 28,131.28 points.
The market cumulative value or market capitalization also fell by N245 billion to close at N9.670 trillion.

Okomu Oil Palm Company led the losers chart with N2.57 to close at N26.33 per share.
StanbicIBTC share price depreciated by N2.46 to close at N18.43 while
 GTBank lost N1.88 to close at N21.50 per share.
Oando share price dipped by N1.51 to close at N6.20 while 
UACN Property Development Company fell by 70k to close at N6.55 per share.

Earlier, Ashaka Cement led the gainers table with 99k to close at N23 per share.
Cadbury share price also grew by 90k to close at N20 while
 Portland Paints & Products Nigeria gained 35k to close at N3.88 per share.
E-Transact International share price also appreciated by 13k to close at N2.53 while
 Livestock Feeds gained 7k to close at N1.47 per share.

Analysis of the market transactions showed that the Financial Services Industry attracted the highest investors’ attention with 662.86 million shares worth N3.13 billion traded in 7,436 deals.
The Consumer Goods Industry followed with 34.06 million shares valued at N1.25 billion in 2,565 deals while the Conglomerates Industry accounted for N266.89 million staked on 33.90 million shares in 554 deals.

A further breakdown of investors’ interest showed that FBN Holdings,
Access Bank and Continental Reinsurance accounted for 342.37 million shares worth N1.40 billion traded in 2,549 deals.
The high appetite in the shares of FBN Holding, Access and Continental Reinsurance amounts to 43.14 per cent and 19.61 per cent of the total market equity turnover in volume and value.
Overall, investors, in the week under review, staked N7.15 billion on 793.56 million shares in 12,831 deals compared with 2.06 billion shares valued at N23.40 billion in 14,992 deals.

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If you ask me,this is a good time to invest on shares using market indicators as a yardstick.