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Published On: Mon, Dec 25th, 2017

NSE All-Share Index gains 0.22 % as Equities Market extends bullish run

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From Ngozi Onyeakusi, Lagos

Transaction on the Nigeria Stock Exchange (NSE) last week ended on a bullish trend, as the twin market indicators gained momentum.
Specifically, the NSE All-Share Index appreciated by 0.22 per cent to close at 38,522.14 basis points from 38,436.08 basis points it opened with while the Market Capitalization equally increased by 0.22 per to closed at N13.709 trillion from N13.678 trillion recorded the previous week.
Similarly, all other indices finished higher during the week with the exception of the NSE ASeM, NSE Consumer Goods and NSE Lotus II Indices that depreciated by 1.82%, 1.37%, and 0.51% respectively.
Meanwhile, a total turnover of 2.243 billion shares worth N139.789 billion in 18,466 deals were traded by investors in contrast to a total of 1.852 billion shares valued at N51.523 billion that exchanged hands in 23,863 deals the previous week.
The Financial Services Industry (measured by volume) led the activity chart with 984.584 million shares valued at N10.588 billion traded in 11,116 deals; thus contributing 43.89% and 7.57% to the total equity turnover volume and value respectively. The Industrial Goods Industry followed with 564.804 million shares worth N125.378 billion in 927 deals. The third place was occupied by Conglomerates Industry with a turnover of 804.447 million shares worth N561.921 million in 689 deals.
Trading in the Top Three Equities namely – Transnational Corporation of Nigeria Plc, Dangote Cement Plc and Aiico Insurance Plc (measured by volume) accounted for 1.335 billion shares worth N125.907 billion in 888 deals, contributing 59.52% and 90.07% to the total equity turnover volume and value respectively.
The Nigerian Stock Exchange All Share Index ASI increased by 86.06 basis points to 38522.14 from 38436.08 points traded the previous day. NSE Premium index added 1.55 to 2652.24, the
Review of activity in the market showed that Thirty-five (35) equities appreciated in price during the week, higher than sixteen (16) of the previous week. Twenty-five(25) equities depreciated in price, lower than forty-six (46) equities of the previous week, while one hundred and twelve (112) equities remained unchanged higher than one hundred and ten (110) equities recorded in the preceding week.
Linkage Assurance Plc led gainers table, growing by 18.97 per cent or N0.11kobo to close at N0.69 kobo, Livestock Feeds Plc trailed with a gain of N11.25 per cent or N0.09 kobo to close at N0.89 kobo, Seplat Petroleum Development Company grew by 10.43 per cent or N56.35 to close at N596.40 kobo.
Other companies appreciated in price were Presco Plc 8.81 per cent, Fidelity Bank 6.25 per cent, FCMB Group Plc 5.47 per cent, Vitafoam Nigeria Plc 5.00, Jaiz Bank Plc 5.00 per cent, Berger Paints Plc 4.94 per cent and Red Star Express Plc 4.92 per cent.
On the other hand, Dangote Sugar Refinery Nigeria Plc recorded the highest loss during the week, shedding 4.49 per cent or N2.06 kobo to close at N19.64 kobo, May and Baker Nigeria Plc trailed with a loss of 8.33 per cent or N0.24 kobo to close at N2.64 kobo, while Flour Mills Nigeria Plc fell by 8.01 per cent or N2.47 kobo to close at N28.36 kobo.
Other companies depreciated in price were NPF Microfinance Bank 7.41 per cent, C &I Leasing Plc 5.04 per cent, PZ Cussons Nigeria Pic 4.98 per cent, NCR Nigeria Plc 4.98 per cent, Nascon Allied Industries Plc 4.97 per cent, Glaxosmith Kline Consumer Nigeria Plc 4.97 per cent and Total Nigeria Plc 4.78 per cent.
Also traded during the week were a total of 3,070 units of Exchange Traded Products (ETPs) valued at N455,245.00 executed in 8 deals, compared with a total of 1,120 units valued at N14,179.00 that was transacted last week in 4 deals.
A total of 3,780 units of Federal Government Bonds valued at N3.931 million were traded this week in 17 deals, compared with a total of 5,382 units valued at N5.680 million transacted last week in 17 deals.

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