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Published On: Sun, Aug 24th, 2014

NSE: Investors wealth up by 0.44%

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NSEBy Ngozi Onyeakusi, Lagos

Transaction on the floor of the Nigeria Stock Exchange last week closed on a bullish note as the twin market indicators recorded maximum appreciations. Specifically, the Market Capitalization of listed equities soared by 0.44% to close on Friday at N13.724 trillion from N13.664 trillion it opened with while the NSE All-Share Index recorded 0.44 per cent to close at 41,564.19 basis points against 41,380.05 basis points of the previous week.

Similarly analysis of the market revealed that all the indices appreciated during the week with the exception of NSE Banking index (0.18 per cent, NSE Consumer Index 0.06 per cent and NSE Lotus II 0.15 per cent while the NSE ASeM index closed flat. The NSE 30 Index increased 4.99 basis points to 1885.26, NSE Insurance index gained 0.15 to 144.18, NSE Oil and Gas  index 4.95 basis points to 478.34 and NSE industrial Goods Index 25.08 to 2,720.52 points.

Meanwhile ,a turnover of 1.031 billion shares worth N12.284 billion in 22,056 deals were traded by investors in contrast to a total of 1.367 billion shares valued at N13.295 billion that exchanged hands in 23,973 deals the previous week.

The Financial Services Industry (measured by volume) led the activity chart with 790.128 million shares valued at N6.366 billion traded in 11,151 deals; thus contributing 76.67% and 51.82% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with a turnover of 81.650 million shares worth 663.774 million in 1,534 deals.

The third place was occupied by Consumer Goods Industry with 54.716 million shares worth N3.154 billion in 3,446 deals. Trading in The Top Three Equities Namely- Access bank Plc, Transnational Corporation of Nigeria Plc and Zenith International Bank Plc (measured by volume) accounted for 228.837 million shares worth N2.863 billion in 3,188 deals, contributing 22.20% and 23.31% to the total equity turnover volume and value respectively.

Further analysis of the market showed that thirty-four (34) equities appreciated in prices during the week higher than thirty (30) equities of the preceding week. Forty-two (42) equities depreciated in prices lower than forty-four (44) equities of the preceding week, while one hundred and twenty four (124) equities remained unchanged lower than one hundred and twenty five (125) recorded in the preceding week.

Premier Breweries Plc led the gainers table for the week in percentage terms, appreciating by 43.64 per cent or N0.48 kobo to close at N1.58 kobo, Cornerstone Insurance followed with a gain of 13.46 per cent or N0.07 kobo to close at N0.59 kobo while Fidson Healthcare Plc grew by 10.63 per cent or N0.32 kobo to close at N3.33 kobo. Other companies that recorded price appreciation were 7UP Bottling Company Plc 10.24 per cent, Sterling Bank Plc 8.57 per cent, Mrs Oil Nigeria Plc 8.31 per cent, Neimeth International Pharmaceuticals Plc 7.14 per cent, NPF Micro Finance Bank 5.0 per cent, Conoil Plc 4.98 per cent and Pharma- Deko 4.85 per cent.

 On the contrary, Flour Mills Nigeria Plc topped losers chart, dropping by 15.81 per cent or N12.79 kobo to close at N68.11 kobo, Evans  Medical Plc trailed with a loss of 11.50 per cent or N0.26 per cent to close at 2.00 while Fortis Micro Finance Bank Plc loss 9.67 per cent or N0.58 kobo to close at N5.42 kobo. Other companies depreciated in price were R.T. Briscoe (Nig) Plc 9.47 per cent, Academy Press Plc 9.47 per cent, Vono Products Plc 8.76 per cent, Skye Bank Plc 7.05 per cent, Northern Nigeria Flour Mills Plc 5.83 per cent, Constain (West Africa) Plc 5.83 per cent and Coverton Offshore Support GRP Plc 5.08 per cent.

Also traded during the week were a total of 13,804 units of Exchange Traded Products (ETPs) valued at N541,755.15 million executed in 21 deals compared with a total of 47,946 units valued at N1.008 million. Similarly, 7,700 units of bonds(State and FGN bonds) valued at N8, 663,783.51 were traded this week in 6 deals compared with a total of 300 units of FGN bonds valued at N339, 762.78 million transacted last week in 3 deals.

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