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Published On: Sun, Oct 26th, 2014

NSE: Investors wealth up by 2.33%

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NSEStories from Ngozi Onyeakusi, Lagos

Driven by activity in the financial services sector, transaction on the floor of the Nigeria Stock Exchange (NSE) last week ended on a bullish trend as the market indicators soared by 2.33 per cent.

Specifically, the Market Capitalization rose by 2.33% to close on Friday at N12.906 trillion against N13.354 trillion it opened with while NSE All-Share Index ended at 39,087.10 basis points from 40,444.39 basis point it recorded last week.

Similarly, all the indices appreciated during the week with the exception of the NSE Lotus II Index that sheds 0.31% to close at 2,533.50

The NSE 30 index increased by 34.16 basis points to 1,762.57 points, NSE Banking index grew by 14.01 basis points to 398.32, NSE insurance Index went up by 1.26 to 146.59, NSE Consumer Goods rose by 7.21 to 967.41 points, NSE Oil/Gas index inched by 17.33 to 437.61, NSE Industrial Goods Index grew by74.59 to 2,610.49 and NSE ASeM index 0.05 to N951.14 points.

Meanwhile, a turnover of 1.413 billion shares worth N17.038 billion in 24,427 deals were traded by investors in contrast to a total of 1.885 billion shares valued at N23.733 billion that exchanged hands in 24,705 deals the previous week.

As usual the Financial Services Industry (measured by volume) led the activity chart with 1.053 billion shares valued at N9.498 billion traded in 13,526 deals; thus contributing 74.51% and 55.75% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with a turnover of 156.680 million shares worth 857.655 million in 1,558 deals.

The third place was occupied by Services Industry with 62.401 million shares worth N196.893 million in 856 deals.

Trading in The Top Three Equities namely- Transnational Corporation of Nigeria Plc, Mansard Insurance Plc and Guaranty Trust Bank Plc (measured by volume) accounted for 368.622 million shares worth

N3.933 billion in 2,886 deals, contributing 26.09% and 23.08% to the total equity turnover volume and value respectively.

Fifty-four (54) equities appreciated in prices during the week higher than thirteen (13) equities of the preceding week. Sixteen (16) equities depreciated in prices lower than sixty-nine (69) equities of the

preceding week, while one hundred and thirty (130) equities remained unchanged higher than one hundred and eighteen (118) recorded in the preceding week

Costain West Africa) Plc led the gainers table for the week in per centage terms, appreciating by 16.25 per cent or N0.13 kobo to close at N0.93 kobo, Neimeth International Pharmaceutical Plc followed with 13.27 per cent or N0.13 kobo to close at N1.11 kobo while Learn Africa Plc gained 10.69 per cent or N0.14 kobo to close at N1.45 kobo. Other stocks that appreciated in price during the week were National Salt Company Nigeria Plc 10.43 per cent, N.E.M Insurance Nigeria Plc 10.14 per cent, Oando Plc 10.09 per cent, Livestock Feeds Plc 9.26 per cent, Dangote Sugar Refinery Plc 9.22 per cent, A.G Leventis Nigeria Plc 9.02 per cent and Ikeja Hotel Plc 7.96 per cent.

On the contrary, Unilever Nigeria Plc topped losers chart, dropping by 12.76 per cent or N5.85 kobo to close at N5.85 kobo, PZ Industries tailed with a loss of 11.01 per cent or N3.34 kobo to close at N26.99 kobo while Presco Plc declined by 9.72 per cent or N3.45 kobo to close at N32.05 kobo. Other companies that recorded price depreciation were Cutix Plc 6.91 per cent, R.T. Briscoe (Nigeria) Plc 5.62 per cent, Sterling Bank 5.11 per cent, May & Baker Nigeria Plc 5.00 per cent, Cadbury Nigeria Plc 5.00 per cent, Cadbury Nigeria Plc 4.99 per cent, NCR (Nigeria) Plc 4.96 per cent and Berger Paints Nigeria Plc 4.94 per cent.

Also traded during the week were a total of 702,099 units of Exchange Traded Products (ETPs) valued

at N12.971 million executed in 19 deals compared with a total of 5,407 units valued at N316,261.62

transacted last week in 15 deals.

Similarly, a total of 4,600 units of Federal Government Bonds valued at N4.768 million in 1 deal were traded this week compared with a total of 200 units valued at N215,666.23 transacted last week in 2 deals.

 

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