Investment in the nation’s stock market last week sustained its bullish trend in four days of the week, leading to the appreciation of market capitalisation by N90 billion.
Specifically, the value of equities which opened with N7.26 trillion on Monday appreciated by N90 billion or 1.24 per cent while the Nigerian Stock Exchange All Share Index(ASI) opened at 22,741 .06 appreciating by 354.25 points or 1.56 per cent to close on Friday at 23,095.31 points.
The NSE 30 index rose by 22.87 points or 2.17 per cent while the NSE Consumer Goods Index also rose by 74.56 points or 4.02 per cent.
The NSE Banking-10 Index appreciated by 6.72 points or 1.96 per cent while the NSE Insurance-10 Index increased by 0.43 points or 0.33 per cent. The NSE Oil/Gas-5 Index depreciated by 3.43 points or 1.96 per cent.
Investors traded a turnover of 1.634 billion shares worth N11.897 billion in 22,412 deals last week, in contrast to a total of 1.459 billion shares valued at N9.618 billion in 18,276 deals in the previous week.
Also, during the week under review 3,660 units of NewGold Exchange Traded Funds (ETFs) valued at N9.061 million were exchanged in 10 deals while a total of 200 units of 4.00 per cent of Federal Government of Nigeria (FGN) April 2015 valued at N147, 100 were exchanged in four deals.
Major transaction volume was driven by activities in the financial services sector with 1.217 billion shares valued at N6.881 billion traded in 12,971 deals.
This was followed by the conglomerates sector with 130.220 million shares valued at N182.074 million traded in 909 deals.
The turnover volume recorded in the top sectors was largely driven by activity in the shares of UBA Plc from the banking sub-sector, AIICO Insurance Plc from the insurance carriers, brokers and services sub-sector and Transnational Corporation of Nigeria Plc, from Diversified Industries sub-sector.
Trading in the shares of the top three companies accounted for 546.536 million shares, representing 40.78 per cent, 40.57 per cent and 33.45 per cent of the turnover recorded by the subsector, sector and total equities for the week, respectively.
The NSE weekly report showed that 39 equities appreciated in prices during the week, against 32 recorded in the preceding week.
Guinness Nigeria Plc. led on the gainers’ table by 5.00 per cent to gain N11.40 followed by Nigerian Breweries Plc. by 5.44 per cent to gain N5.99.
Other price gainers’ were Nestle Nigeria Plc N5.00k, Conoil Plc N4.40kobo, Okomu Oil Palm Plc N3.39kobo, Total Nigeria Plc N3.00, Larfarge Wapco Plc N2.50kobo, Glaxosmithline Consumer Nigeria Plc N2.05kobo, Flour Mills Nigeria Plc N2.00 and UAC N Plc N1.63kobo.
On the contrary, 30 stocks depreciated in prices lower than 33 recorded in the previous week. Mobil Oil Nigeria Plc led on the price losers’ table, dropping by 4.58 per cent to shed N6.00 followed by 7-UP Bottling Company Plc. with a loss of N2.00 or 4.75 per cent.
Other price losers were Nigerian Enamelware Plc N1.80kobo, Cement Company of Northern Nigeria Plc N1.14kobo, Arbico Plc N1.05kobo, Dangote Cement Plc N1.00, Presco Plc 76kobo, Berger Paints Plc 42kobo, and Union Bank of Nigeria Plc.
Meanwhile, on the over the counter market for the FBN bonds, investors traded 86.900 million units worth N82.150 billion in 666 deals in contrast to 99.967 million units worth N92.630 billion in 687deals recorded in the week ended July 13th, 2012.
Filed Under: Capital Market