Stories from Ngozi Onyeakusi, Lagos
Equity transaction on the floor of the Nigeria Stock Exchange (NSE) last week ended on a bullish trend thus positioning the market for recovery after suffering losses for couple of weeks.
Specifically, the Market Capitalization of listed equities rose by 6.52% to close on Friday at N11.718 trillion from N11.002 trillion it opened with while the NSE All-Share Index appreciated by 6.52 per cent to close at 35,381.02 basis points from 33,216.31 basis points recorded the previous week.
Similarly, all the indices appreciated during the week.
The NSE 30 index rose from 104.25 basis points to 1,584.58, NSE Banking Index increased 7.67 kobo to 353.97, NSE Insurance index increased by 3.48 basis points to 146.63, NSE Consumer Goods index 79.07 to 883.14, NSE Oil/Gas Index 52.40 basis points to 407.86 points, NSE Lotus II moved by 167.26 basis points to 2,265.19 points, NSE Industrial goods Index advanced by 140.50 to 2,183.83 and NSE ASem Index 14.19 basis points to 979.48 points.
Meanwhile a turnover of 1.850 billion shares worth N30.863 billion in 27,397 deals were traded this week by investors in contrast to a total of 3.778 billion shares valued at N26.740 billion that exchanged hands in 22,771 deals the previous week.
The Financial Services Industry (measured by volume) led the activity chart with 1.305 billion shares valued at N12.038 billion traded in 13,491 deals; thus contributing 70.56% and 39.00% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with a turnover of 169.192 million shares worth N843.073 million in 1,933 deals. The third place was occupied by the Consumer Goods Industry with 148.513 million shares worth N8.257 billion in 5,069 deals.
Review of activity in the market showed that trading in the Top Three Equities namely- FBN Holdings Plc, Transnational Corporation of Nigeria Plc and Mansard Insurance Plc (measured by volume) accounted for 520.648 million shares worth N3.078 billion in 5,107 deals, contributing 28.15% and 9.97% to the total equity turnover volume and value respectively.
Fifty-one (51) equities appreciated in price during the week higher than one (1) equity of the preceding week. Twenty-eight (28) equities depreciated in price lower than seventy-three (73) equities of the preceding week, while one hundred and twenty-two (122) equities remained unchanged lower than one hundred and twenty-six (126) recorded in the preceding week.
Ikeja Hotel Plc led gainers table in percentage terms, appreciating by 45.63 per cent or N1.15 kobo to close at N3.67 kobo, Cadbury Nigeria Plc 33.92 per cent or N11.81 kobo to close at N46.63 kobo, Transnational Corporation of Nigeria gained 33.77 per cent or N1.04 kobo to close N4.12 kobo, Oando Plc 29.76 per cent or N1.04 kobo close at N4.12 kobo, Unilever Nigeria Plc 26.06 per cent or N7.38 kobo to close at N35.70 kobo, PZ Industries, Plc 25.24 per cenet, Dangote Sugar Refinery Plc 24.55 per cent, National Salt Company Nigeria Plc 18.97 per cent, UBA Capital 17.65 per cent and Custodian and Allied Plc 16.92 per cent
On the contrary, Champion Breweries topped losers chart dropping by 28.15 per cent or N3.26 kobo to close at N8.32 kobo, Seplat Petroleum Development Company LTD trialed with a loss 18.55 per cent or N99.27 kobo to close at N436.02 kobo while Cutix Plc loss 13.55 per cent or N0.21 kobo to close at N8. 1.34 kobo.
Other companies that recorded price depreciation were Academy Press Plc 12.90 per cent, Flour Mills Nigeria Plc 9.99 per cent, Learn Africa Plc 9.93 per cent, A.G Leventis Nigeria Plc 9.66 per cent, Airlines Services and Logistics 9.29 per cent, UACN Property Development 8.99 per cent and Costain (West Africa) Plc 8.99 per cent.
Also traded during the week were a total of 1.043 million units of Exchange Traded Products (ETPs) valued at N13.747 million executed in 45 deals compared with a total of 40,506 units valued at N707,472.45 transacted last week in 15 deals
Similarly, a total of 2,950 units of FGN bonds valued at N3.271 million were executed 6 in deals compared with a total of 7,714 units valued at N8.119 million transacted last week in 12 deals
