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Published On: Sun, Jun 8th, 2014

NSE: Investors gain N18bn in 5 days

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From Ngozi Onyeakusi, Lagos

Investment gains occasioned by sharp rise in the price of listed equities on the floor of the Nigeria Stock Exchange last week resulted in the investors gaining N18 billion.

Specifically, the market capitalization closed Friday, at N13.713 trillion; gaining N18 billion when compared with N13.695 trillion recorded the previous week, while the NSE All-Share Index appreciated by 0.13% to close at 41,529.11 basis points.

All the NSE indices appreciated during the week with the exception of the NSE Banking Index (1.14%) and NSE Insurance Index (1.51%). Meanwhile, NSE ASeM index closed flat.

Review of activity in the market showed that turnover of 1.876 billion shares worth N32.902 billion in 28,408 deals were traded by investors in contrast to a total of 1.901 billion shares valued at N34.643 billion that exchanged hands in 20,452 deals the previous week.

The Financial Services Industry (measured by volume) led the activity chart with 1.381 billion shares valued at N15.550 billion traded in 14,386 deals; thus contributing 73.63% and 47.26% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with a turnover of 162.501 million shares worth N1.536 billion in 1,979 deals. The third place was occupied by the Industrial Goods Industry with 100.029 million shares worth N2.114 billion in 2,007 deals.

Further review indicated that trading in The Top Three Equities namely – Access Bank Plc, Zenith International Bank Plc and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 567.628 million shares worth N7.835 billion in 4,068 deals, contributing 30.25% and 23.81% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 260,422 units of Exchange Traded Products (ETPs) valued at N5,505,971.00 executed in 19 deals compared with a total of 31,355 units valued at N700,587.60 transacted last week in 13 deals.

Forty-two (42) equities appreciated in prices during the week lower than Fifty-five (55) equities of the preceding week. Forty-two (42) equities depreciated in prices higher than Twenty-one (21) equities of the preceding week, while one hundred and sixteen (116) equities remained unchanged lower than one hundred and twenty-four (124) recorded in the preceding week.

Ashaka Cement led the gainers table in per centage terms, growing by 21. 76 per cent or N4.89 kobo to close at N27.36 kobo, Forte Oil followed with a gain of 16.89 per cent or N36.13 kobo to close at N250.01 kobo while Transnational Corporation of Nigeria ( Transcorp) gained 12.56 per cent or N0.49 kobo to close at N4.39 kobo. Other stocks that appreciated in price were Pfizer Product Plc 12.15 per cent, University Press 10.89 per cent, Airlines Service and Logistics Plc 10.53 per cent, Cutix 9.89 per cent and Oando 7.42 per cent and Cap Plc 6.64 kobo.

On the contrary, Caverton Offshore support GRP Plc topped losers chart, shedding 18.48 per cent or N1.00 to close at N4.41 kobo, Berger Paints Nigeria Plc 13.90 per cent or N1.39 kobo to close at N8.61 kobo while Julius Berger Nigeria Plc declined by 10.58 per cent or N7.99 kobo to close at N67.50 kobo.

Other companies that recorded price depreciation were West African Provincial Insurance Plc 8.86 per cent, UAC of Nigeria Plc 7.69 per cent, NEM Insurance Plc 5.81 per cent, May & Baker 5.62 per cent, Portland Paint and Products Nigeria Plc 5.20 per cent and Northern Nigeria Flour Mills Plc 5 per cent.

Also traded during the week were a total of 260,422 units of Exchange Traded Products (ETPs) valued at N5,505,971.00 executed in 19 deals compared with a total of 31,355 units valued at N700,587.60 transacted last week in 13 deals.

Similarly, 2,800 units of FGN bonds valued at N3, 375,304.94 were traded this week in 3 deals compared with a total of 100 units valued at N111, 626.54 transacted last week in 1 deal.

 

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