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Published On: Mon, Apr 30th, 2018

NSE: Investors hail returns on equities

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From Ngozi Onyeakusi, Lagos

Driven by activities in the financial services sector, equity transaction on the floor of the Nigeria Stock Exchange (NSE) last week ended on bullish trend as the twin market indicators closed higher.
Specifically, the NSE All-Share Index appreciated by 1.05 to close at 41,244.89 basis points from 40,814.89 basis points it opened with while Market Capitalization of listed equities increased by 1.34% to close at N14.940 trillion from N14.743 trillion recorded the previous week.
Meanwhile, a total turnover of 1.825 billion shares worth N24.653 billion in 23,148 deals were traded by investors in contrast to a total of 3.008 billion shares valued at N30.296 billion that exchanged hands in 24,036 deals the previous week.
The Financial Services Industry (measured by volume) led the activity chart with 1.360 billion shares valued at N14.642 billion traded in 12,118 deals; thus contributing 74.51% and 59.40% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 124.816 million shares worth N6.910 billion in 3,709 deals. The third place was occupied by Oil and Gas industry with a turnover of 112.479 million shares worth N1.389 billion in 3,429 deals.
Trading in the Top Three Equities namely – Law Union And Rock Insurance Plc, FBN Holdings Plc, and Zenith International Bank Plc (measured by volume) accounted for 581.018 million shares worth N7.098 billion in 4,283 deals, contributing 31.83% and 28.79% to the total equity turnover volume and value respectively.
Review of activity in the market showed that Thirty-three (33) equities appreciated in price during the week, lower than thirty-six (36) in the previous week. Forty-one (41) equities depreciated in price, higher than thirty-three (33) equities of the previous week, while ninety-five (95) equities remained unchanged lower than one hundred (100) equities recorded in the preceding week
Forte Oil Plc led gainers table, increasing by 20.69 per cent or N7.75 points to close at N45.20 kobo, Nestle Nigeria Plc followed with a gain of N13.53 per cent or N192.50 kobo to close at N1615.00 while Learn Africa Plc increased by 12.50 per cent or N0.15 kobo to close at N1.35 kobo. Other companies appreciated in price were Veritas Kapital Assurance Plc 12.00 per cent, Consolidated Halmark insurance Plc 10.34 point, International Breweries 9.05, N. E. M Insurance Company Nigeria Plc 8.78 per cent, Linkage Assurance Plc 7.59 per cent, Epic Insurance Plc 7.55 per cent and Honey Well Flour Mills Plc 7.06 per cent.
On the other hand, Unity Bank Plc topped losers chart, dropping by N21.26 per cent or N0.27 kobo to close at N1.00, Glaxosmith Kline Consumer Nigeria Plc trailed with a loss of 20.79 or NN6.30 kobo to close at N24.00, Jaiz Bank down by 17.44 per cent or N0.15 kobo to close at N0.71 kobo. Other firms depreciated in price were were Mutual Benefits Assurance Plc 17.24 per cent, Skye Bank Plc 14.74 per cent, NPF Microfinance Bank Plc 13.37 , Continental Reinsurance 13.14 per cent. Wema Bank Plc 10.64 per cent, Godson Healthcare Plc 9.60 per cent and Lafarge Africa Plc 8.60 per cent.
Also traded during the week were a total of 56,260 units of Exchange Traded Products (ETPs) valued at N376,387.48 executed in 6 deals, compared with a total of 177,144 units valued at N2.809 million that was transacted last week in 6 deals.
A total of 725 units of Federal Government Bonds valued at N660,984.55 were traded this week in 10 deals, compared with a total of 13,735 units valued at N14.128 million transacted last week in 16 deals.

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