Stories by Amaka Ifeakandu
Lagos
Volume of activities on the floor of the Nigerian Stock Exchange (NSE) last week increased by 54%. The stocks traded increased by 598 million as investors bought a turnover of 1.697 billion shares worth N17.424 billion in 22,096 deals in contrast to a total of 1.099 billion shares valued at N13.393 billion that exchanged hands previous week in 19,078 deals.
The Financial Services Industry led the activity chart in volume terms, exchanging 1.345 billion shares worth N9.334 billion traded in 12,384 deals, contributing 79.22% and 53.57 per cent to the total equity turnover volume and value respectively. The Conglomerates sector followed with a turnover of 108.919 million shares worth N856.147 million in 1,487 deals.
The Consumer goods Industry took third position with account of 57.903 million shares worth N3.005 billion in 3,228 deals.
Trading in the top three companies namely, African Alliance Insurance Company, Access Bank and Continental Reinsurance accounted for 373.988 million shares worth N1.204 billion in 1,012 deals, contributing 22.03% to the total equity turnover volume.
The NSE All-Share Index depreciated by 24.59 or 0.06% to close on Friday at 38,554.19 points from 38,578.78 points traded the preceding week, while the market capitalisation of the listed equities on the main board also depreciated by N31 billion or 0.24% to close at N12.669 trillion from N12.700 trillion traded the previous week.
Four of the NSE Indices appreciated during the week. The NSE Banking index improved by 0.92 to close at 398.03, NSE Insurance also increased by 3.13 points to 141.84, NSE Oil and Gas grew by 6.48 points to 322.97, NSE Industrial goods index went up by 15.01 basis points to 2506.94.
Three of NSE depreciated last week. ASI NSE 30 index declined by 6.97 to close at 1737.42 points, NSE Consumer goods index fell by 1.50 to 955.25 and NSE Lotus II loss 2.65 points to 2,693.30 . However, the NSE ASeM closed flat during the week.
A review of the transactions showed that 42 equities appreciated in prices during the week against 23 stocks recorded in the preceding week. The result indicated that 34 firms depreciated in prices lower than 47 equities of two weeks ago, while 123 quoted companies remained unchanged compared with 129 of the preceding week.
Custodian and Allied led the gainers table in percentage terms, appreciating by 21.07% or N0.51 kobo to close at N2.93 kobo, Mobil Oil Nigeria followed with a gain of 18.15% or N20.18 kobo to close at N135.87 kobo while NPF Micro Finance Bank enhanced by 11.76% or N0.10 kobo to close at N0.95 kobo.
Fidson Healthcare topped losers chart, dropping by 14.18% or N0.39 kobo to close at N2.36 kobo, Costain (West Africa) trailed with a loss of 13.33% or N0.20 kobo to close at N1.30 kobo, while IPWA loss by 10.34% or N0.06 kobo to close at N0.52 kobo.