By Amaka Ifeakandu
Lagos
Trading activities on the floor of Nigerian Stock Exchange (NSE) remained volatile last week, shedding N90 billion. Market capitalisation of listed equities depreciated by 0.71 per cent to N12.594 trillion from N12.683 trillion recorded the previous week.
The Nigerian Stock Exchange ( NSE) All Share Index ASI also declined by 260.86 basis points to 36587.31 from 36848.17 traded the previous week.
Similarly, all other Indices finished lower during the week with the exception of the NSE Banking and NSE Pension Indices that appreciated by 0.03 per cent and 0.02 per cent respectively while the NSE ASeM Index closed flat
NSE Premium Index down by 23.98 to 2,432.08, The NSE main board index fell by 9.00 to 1649.10, NSE 30 index depreciated by 10.18 to 1678.01, NSE Insurance index went down by 5.42 to 143.52, NSE Consumer Goods Index dropped by 11.00 to 924.29, NSE Oil and Gas Index sheds 5.09 to 260.00, NSE Lotus II fell by 32.83 to 2264.77 points, NSE Industrial goods Index reduced by 14.48 to 2,105.70 points
Investors for the week traded a turnover of 872.892 million shares worth N14.016 billion in 19,047 deals in contrast to a total of 1.555 billion shares valued at N13.504 billion that exchanged hands last week in 18,409 deals.
The Financial Services Industry led the activity chart with 692.380 million shares valued at N8.940 billion traded in 11,464 deals; contributing 79.32 per cent and 63.78 per cent to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 63.658 million shares worth N123.149 million in 896 deals. The third place was occupied by Consumer Goods Industry with a turnover of 61.676 million shares worth N3.034 billion in 3,469 deals.
Trading in the top three equities namely – Guaranty Trust Bank Plc, Zenith International Bank Plc and United Bank for Africa Plc accounted for 270.638 million shares worth N7.213 billion in 3,902 deals, contributing 31.01 per cent and 51.47 per cent to the total equity turnover volume and value respectively.
A review of the transactions for the week showed that 23 equities appreciated in price against 41 traded the previous week. The result also indicated that 34 firms depreciated in price, compared with 23 firms traded in the preceding week, while 114 equities remained unchanged against 107 equities recorded in the preceding week.
Plc 5.00, Fidson Healthcare Plc 4.79 per cent, BOC Gases Plc 4.76 per cent Africa Prudential.
Unilever Nigeria records N1.24bn profit
Unilever Nigeria Plc has recorded growth profile at the end of nine months financial result as profit grew to N1.24 billion.
The company third quarter result for the period ended September 30, 2017 showed an increase of N851.249 million or 219.26 per cent compared with N388.229 million reported in the comparable period of last year.
The profit before tax rose to N1.779 billion from N175.065 million reported the previous year, representing a surge of N1.604 billion or 916.28 per cent.
A break down of the company result submitted at the Nigerian Stock Exchange (NSE) the revenue went up to N24.023 billion within the period under review from N17.593 recorded in the comparable period of last year. The gross profit inched up to N7.525 billion from N4.347 billion achieved in the corresponding year while operating profit climbed to N2.781 billion from N950.752 million made at the end of September 2016. The non current assets moved from N30.948 billion in comparative period to N31.487 billion while current assets which stood at N41.542 billion in the preceding year increased to N47.356 billion, bringing the total assets to N78.844 billion against N72.491 billion reported previous year.
In the same vein Total liabilities improved from N60.801 billion in 2016 to N62.706 billion at the end of September 30, 2017.
