Transaction at the nation’s capital market last week ended high as the twin market indicators soared by 1.33% .
The NSE All-Share Index appreciated by 1.33% to close at 23,826.50 basis points from 23,514.04 it opened with while the Market Capitalization of listed equities as well appreciated by 1.33% to close at N8.194 trillion from N8.087 trillion recorded the previous week.
Similarly, all other Indices finished higher during the week, with the exception of the NSE Insurance Index,NSE Oil and Gas, NSE Lotus II and NSE Industrial Goods Index that declined by -0.23%,-5.19%,- 2.66% and -3.52% respectively, while NSE ASeM Index closed flat.
The Nigerian Stock Exchange All Share Index (ASI) appreciated by 312.46 basis points to 23826.50 points from 23516.04 points, NSE Premium Index increased by 17.81 to 1,229.17 points, The NSE Main Board Index rose by 14.35 to 1,154.85, NSE 30 Index grew by 25.45 basis points to 1,070.36, NSE Banking Index went up by 19.62 to 227.28 points and NSE Consumer good Index surged by 12.08 to 623.57 points.
Meanwhile a turnover of 2.177 billion shares worth N10.753 billion in 21,471 deals were traded by investors in contrast to a total of 1.459 billion shares valued at N14.165 billion that exchanged hands in 15,164 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.906 billion shares value at N6.132 billion traded in 13,687 deals; thus contributing 87.57% and 57.03% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 97.545 million shares worth N261.502 million in 959 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 94.738 million shares worth N3.122 billion in 3,531 deals.
Trading in the Top Three Equities namely – Equity Assurance Plc, FCMB Group Plc and Zenith International Bank Plc.(measured by volume) accounted for 1.126 billion shares worth N2.325 billion in 3,544 deals, contributing 5175% and 21.62% to the total equity turnover volume and value respectively. Review of activity in the market showed that Thirty-three (33) equities appreciated in price during the week, higher than seven (7) equities of the previous week. Thirty-two (32) equities depreciated in price, lower than fifty-six (56) equties of the previous week, while one hundred and twenty-five (125) equities remained unchanged, lower than one hundred and twenty-seven (127) equities recorded in the previous week.
Transnational Corporation of Nigeria (Transcorp) led gainers table growing by 30.61 per cent or N0.30 kobo to close at N1.28 kobo, Tiger Brand Consumer Goods Plc followed with a gain of 26.37 per cent or N0.24 kobo to close at N1.15 kobo while FBNHoldings Plc grew by 25.00 per cent or N0.90 kobo to close at N4.50 kobo. Other companies appreciated in price were Zenith International Bank Plc which gained 19.70 per cent, Unity Bank 17.74 per cent, UAC of Nigeria Plc 15.80 per cent, Livestock Feeds Plc 15.70 per cent, Eterna Plc 15.65 per cent and United Bank for Africa 15.00 per cent and GTBank 14.88 per cent.
On the contrary, Honey Well Flour Mills Plc topped losers chart, dropping by 17.78 per cent or N0.32 kobo to close at N1.48 kobo, FCMB Group trailed with a loss of 16.10 per cent or N0.19 kobo to close at N0.99 kobo, Seplat Petroleum Development Company declined by 11.44 per cent or N20.25 kobo to close at N156.71 kobo. Other firms that depreciated in price include Guinness Nigeria Plc 10.65 per cent, Flour Mills Nigeria Plc 9.85 per cent, Sterling Bank Plc 9.50 per cent, Ashaka Cement Plc 9.43 per centN Ikeja Hotel Plc 9.35 kobo, NPF Micro Finance Bank Plc 8.26 per cent, The Okomu Oil Palm Company 8.09 per cent.
Also traded during the week were a total of 33,808 units of Exchange Traded Products (ETPs) valued at N437,210.58 executed in 33 deals, compared with a total of 3,650 units valued at N1.641 million transacted last week in 40 deals.
A total of 1,000 units of Federal Government Bonds valued at N1.157 million were traded in 4 deals, compared with a total of 275 units valued at N317,435.84 transacted last week in 3 deals.
-Emmanuel Ikechukwu
