Stories from Ngozi Onyeakusi, Lagos
Equity transaction on the floor of the Nigeria Stock Exchange last week ended on bearish trend as the indicator closed flat.
Specifically , the NSE All-Share Index and Market Capitalization depreciated by 0.03% to close on Friday at 41,517.10 basis points and N13.709 trillion respectively.
Four of the NSE indices appreciated during the week with the exception of the NSE Consumer Goods Index (0.62%), NSE Lotus II (0.70) and NSE Industrial Goods Index (3.22%). Meanwhile, NSE ASeM index closed flat.
However, a turnover of 2.732 billion shares worth N22.165 billion in 26,074 deals were traded by investors in contrast to a total of 1.876 billion shares valued at N32.902 billion that exchanged hands in 28,408 deals the previous week.
The Conglomerates Industry (measured by volume) led the activity chart with 1.203 billion shares valued at N5.453 billion traded in 2,315 deals; thus contributing 44.03% and 24.60% to the total equity turnover volume and value respectively.
The Financial Services Industry followed with a turnover of 1.063 billion shares worth N8.813 billion in 12,506 deals. The third place was occupied by the ICT Industry with 208.090 million shares worth N106.090 million in 64 deals.
Review of activity in the market showed that Trading in The Top Three Equities Namely- Transnational Corporation of Nigeria Plc, Mass Telecommunications Innovative Nigeria Plc and United Bank for Africa Plc (measured by volume) accounted for 1.596 billion shares worth N7.016 billion in 3,549 deals, contributing 58.44% and 31.65% to the total equity turnover volume and value respectively.
Also traded during the week were a total of 466,975 units of Exchange Traded Products (ETPs) valued at N9,450,575.20 executed in 18 deals compared with a total of 260,422 units valued at N5,505,971.00 transacted last week in 19 deals Similarly, 2,900 units of FGN bonds valued at N3, 580,914.94 were traded this week in 2 deals compared with a total of 2,800 units valued at N3, 375,304.94 transacted last week in 3 deals.
Forty-four (44) equities appreciated in prices during the week higher than Forty-two (42) equities of the preceding week. Thirty-two (32) equities depreciated in prices lower than forty-two (42) equities of
the preceding week, while one hundred and twenty-four (124) equities remained unchanged higher than one hundred and sixteen (116) recorded in the preceding week.
N4.5 Billion 16% Fixed Rate Bonds due 1st April 2019, issued by Dana Group of Companies Plc was admitted to trading at the Exchange on 11th June, 2014.