From Ngozi Onyeakusi, Lagos
Driven by activity in the financial services sector, transaction at the nation’s bourse last week, ended on a positive note as the twin market indicators closed red.
Specifically, the NSE All-Share Index depreciated by 0.72% to close at 42,876.23 basis from 42,570.89 basis points it opened with while the Market Capitalization equally decreased by 0.82% to closed at N15.403 trillion from N15.277 trillion recorded the previous week.
Similarly, all other indices finished higher during the week with the exception of the NSE ASeM, NSE Banking and NSE Pension Indices that depreciated by 1.14%, 0.59% and 0.09% respectively
Meanwhile, a total turnover of 2.170 billion shares worth N39.087 billion in 24,657 deals were traded in contrast to a total of 2.018 billion shares valued at N21.740 billion that exchanged hands in 25,496 deals previous week.
The Financial Services Industry (measured by volume) led the activity chart with 1.534 billion shares valued at N17.670 billion traded in 15,208 deals; thus contributing 70.69% and 45.21% to the total equity turnover volume and value respectively.
The Industrial Goods Industry followed with 200.405 million shares worth N6.436 billion in 1,097 deals. The third place was occupied by Conglomerates Industry with a turnover of 188.097 million shares worth N489.453 million in 998 deals.
Trading in the Top Three Equities namely – FCMB Group Plc, Transnational Corporation of Nigeria Plc and Cement Company of Northern Nigeria Plc (measured by volume) accounted for 617.511 million shares worth N4.086 billion in 2,090 deals, contributing 28.46% and 10.45% to the total equity turnover volume and value respectively.
Review of activity in the market showed that Thirty-eight (38) equities appreciated in price during the week, higher than twenty-three (23) of the previous week. Forty-five (45) equities depreciated in price, lower than fifty-four (54) equities of the previous week, while eighty-nine (89) equities remained unchanged lower than ninety-five (95) equities recorded in the preceding week.
Japaul and Maritime Services Plc led gainers table for the week, gaining 50.0 per cent or N0. 21 kobo to close at N0.63 kobo, Unity Bank Plc followed with a gain of 18.79 per cent or N0.28 kobo to close at N1.77 kobo, while N. E. M Insurance Company Nigeria Plc appreciated by 18.42 per cent or N0.35 kobo to close at N2.25 kobo.
Other companies recorded price appreciation were Cement Company of Northern Nigeria Plc 17.80 per cent, Consolidated Hallmark Insurance Plc 16 per cent, Nascon Allied Industries Plc 15.82 per cent, First Aluminium Nigeria Plc 15.82 per cent, Cutix Plc 11.36 per cent, Conoil Plc 9.81 per cent, Continental Reinsurance Plc 9.27 per cent.
On the other hand, Sovereign Trust Insurance Plc topped losers chart for the week, declining by 20.83 per cent or N0.10 kobo to close at N0.38 kobo, Unic Diversified Holdings Plc trailed with a loss of 18.52 per cent or N0.05 kobo to close at N0.22 kobo, Mutiverse Mining and Exploration Plc down by 17.65 per cent or N0.06 kobo to close at N0.28 kobo.
Other companies depreciated in price were FTN Cocoa Processors Plc 15.91 per cent, African Alliance Insurance Company Plc 14.29 per cent, DN Tyre and Rubber Plc 13.64 per cent, Diamond Bank Plc 12.16 per cent, Royal Exchange Plc 11.43 per cent, Courterviller Business Solutions Plc 9.38 per cent, Standard Alliance Insurance Plc 8.33 per cent.