From Ngozi Onyeakusi, Lagos
For couple of weeks, transaction at the nation’s bourse has been on the bullish trend as the twin market indicators continue to end higher.
Specifically, the NSE All-Share Index appreciated by 0.68% to close at 43,167.86 basis points from 42,876.23 basis it opened with while the Market Capitalization equally increased by 0.68% to closed at N15.508 trillion from N15.403 trillion recorded the previous week.
Review of activity in the market showed that total turnover of 3.079 billion shares worth N39.990 billion in 23,086 deals were traded in contrast to a total of 2.170 billion shares valued at N39.087 billion that exchanged hands last week in 24,657 deals.
The Financial Services Industry (measured by volume) led the activity chart with 2.288 billion shares valued at N29.585 billion traded in 13,188 deals; thus contributing 74.30% and 73.98% to the total equity turnover volume and value respectively.
The Oil and Gas Industry followed with 386.811 million shares worth N1.273 billion in 1,573 deals. The third place was occupied by Consumer Goods Industry with a turnover of 205.245 million shares worth N5.803 million in 4,959 deals.
Trading in the Top Three Equities namely – Access Bank Plc, Capital Oil Plc and Zenith International Bank Plc (measured by volume) accounted for 1.677 billion shares worth N20.413 billion in 2,476 deals, contributing 54.48% and 51.05% to the total equity turnover volume and value respectively.
Forty-five (45) equities appreciated in price during the week, higher than thirty-eight (38) of the previous week. Forty (40) equities depreciated in price, lower than forty-five (45) equities of the previous week, while eighty-seven (87) equities remained unchanged lower than eighty-nine (89) equities recorded in the preceding week.
Japaul Oil and Maritime Services Plc led gainers table, increasing by 53.97 per cent or N0.34 kobo to close at N0.97 kobo, Consolidated Hallmark Insurance Plc followed with a gain of N34.48 or N0.10 kobo to close at N0.39 kobo.
Lasaco Assurance Plc appreciated by 25.71 per cent or N0.09 kobo to close at N0.44 kobo. Other companies that recorded price depreciation were Unilever Nigeria Plc 20.66, Caverton Offshore Support GRP Plc 19.91 per cent, Cadbury Nigeria Plc 18.71 per cent, Associated Bus Company 13.51 per cent, First Aluminium Nigeria Plc 13.33 per cent, Total Exchange Plc 12.90 per cent, A. G Leventis Nigeria Plc 12.28 per cent.
On the other hand, Regency Alliance Insurance topped losers chart for the week, dropping by 27.08 per cent or N0.13 kobo to close at N0.35 kobo, African Alliance Insurance Company trailed with a loss of 13.89 or N0.05 kobo to close at N0.31 kobo, FTN Cocoa Processors Plc down by 13.51 per cent or N0.05 kobo to close at N0.32 kobo.
Other firms that depreciated in price include Sovereign Trust Insurance Plc 13 16 per cent, C & I Leasing Plc 9.74 per cent, United Capital 9.33 per cent, Capital Oil 9.33 per cent, Wapic Insurance 7.69 per cent, Multiverse Mining and Exploration Plc 7.14 per cent and Livestock Feeds Plc 6.36 per cent.