Stories by Amaka Ifeakandu
Lagos
Trading activities on the floor of the Nigerian Stock Exchange (NSE) last week closed on upward trend as the value of equities advanced by N301 billion. Market capitalization of the listed equities grew by 2.34% to N13.152 trillion from N12.851 trillion traded the preceding week.
Also the NSE All-Share Index appreciated by 813.49 basis points or 2.08% to close on Friday at 39,831.83 from 39018.34 points recorded the previous week.
The weekly result showed that all the NSE indices appreciated during the week with the exception of the NSE Industrial goods which fell by 0.07 to 2,520.23 and ASeM indices that closed flat. The NSE 30 Index increased by 45.56 basis points to 1,817.61.
NSE Banking index also rose by 7.46 to 412.17 point, NSE Insurance Index gained 1.12 to 143.73 while NSE Consumer goods index grew by 34.94 to 1,024.50, NSE Oil and Gas appreciated by 50.32 to 347.17 points, NSE Lotus II index advanced by 2.49 points to 2,703.01, while NSE ASem index remains steady at 950.94 points.
However, investors traded a turnover of 1.869 billion shares worth N23.917 billion in 23,554 deals in contrast to a total of 1.675 billion shares valued at N20.861 billion that exchanged hands last week in 24,513 deals.
The result also indicated that the financial services led the activity chart in volume terms with account of 1.486 billion shares valued at N15.519 billion traded in 12,384 deals, indicating 79.53% and 64.89% to the total equity turnover volume and value respectively.
The conglomerates industry followed with a turnover of 109.647 million shares worth N607.628 million in 1,230 deals. The Services sector took third position with account of 81.708 million shares worth N228.740 million in 857 deals.
Trading in top three companies, namely Wapic Insurance, Zenith International Bank and Guaranty Trust Bank accounted for 815.138 million shares worth N11.613 billion in 3,151 deals, contributing 43.62% and 48.56% to the total equity turnover volume and value respectively.
The breakdown of the transactions for the week showed that 42 equities appreciated in prices against 37 of the preceding week.
The NSE weekly result further showed that 33 stocks depreciated in prices compared to 36 equities of the preceding week, while 124 companies remained unchanged against 126 of the preceding week.
Ikeja Hotel led gainers table for the week in percentage terms, increasing by 42.86% or N0.27 kobo to close at N0.90 kobo, Oando followed by 25.08% or N4.01 kobo to close at N20.00 while Forte Oil improved by 19.62% or N30.59 to close at N186.54 kobo. Other stocks that appreciated in price were NPF Micro Finance Bank Plc, Custodian and Allied, Avon Crown Caps and Containers, Mobil Oil Nigeria, Ecobank Transnational Incorporated, Nigerian Breweries, and Dangote Sugar Refinery.
On the contrary, Betaglass Company (Nig)topped losers table, shedding 14.18% or N2.68 kobo to close at N16.22 kobo whileNeimeth International Pharmaceuticalsdecreased by 12.82% or N0.15 kobo to close at N1.02 kobo.
Also traded during the week were a total of 674 units of Exchange Traded Products (ETPs) valued at N127,162.83 executed in 15 deals compared with 10,329 units valued at N3.305 million transacted last week in 18 deals.