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Investors trade 1.514billion shares in one week

By on September 23, 2013

digitalmarketingInvestors traded a total of 1.514 billion shares worth N12.062 billion in 24,983 deals last week on the floor of the Nigerian Stock Exchange, NSE.

This was in contrast to a total of 1.071 billion shares valued at N13.139 billion that exchanged hands in 23,190 deals the previous week.

Information gathered from the NSE revealed that the Financial Services sector (measured by volume) led the activity chart with 1.105 billion shares valued at N6.652 billion traded in 13,369 deals last week, thus contributing 72.95%, 55.14% and 53.51% to the total equity turnover volume, value and number of deals respectively.

The conglomerates sector followed with a turnover of 224.979 million shares worth N810.381 million in 1,300 deals, contributing 14.86%, 6.72% and 5.20% to the total equity turnover volume, value and number of deals respectively.

The oil and gas sector came third with 65.914 million shares worth N709.901 million in 2,576 deals.

Last week, trading in the top three equities, namely- Transnational Corporation of Nigeria Plc, Wapic Insurance Plc and Diamond Bank Plc (measured by volume) accounted for 563.970 million shares worth N1.468 billion in 1,303 deals, contributing 37.25%, 12.17% and 5.22% to the total equity turnover volume, value and deals respectively.

Similarly, a total of 440 units of NewGold Exchange Traded Funds (ETFs) valued at N922,960 executed in 2 deals were traded during the week compared with a total of 120 units valued at N260,525 that was transacted in 4 deals the previous week.

Also, 4,410 units of FGN bonds valued at N4.928 million were traded during the week in 5 deals in contrast to 1,600 units valued at N1.765 million transacted the previous week in 5 deals.

At the Over-the-Counter(OTC) market for FG bonds, a turnover of 101.165 million units valued at N102.502 billion in 486 deals were recorded last week in contrast to 88.189 million units worth N91.277 billion in 349 deals recorded in the preceding week ended September 13, 2013.

The NSE All-Share Index rose by 0.25% or 90.65 points to close last Friday at 36,188.72 basis points when compared with the 36,098.07 basis points figure at the close of trading a week earlier.

The market capitalization of the equities on the main board also appreciated by 0.29% or to N33 billion to close at N11.527 trillion as against the N11.494 trillion mark of the previous week.

Similarly, the NSE 30 Index inched up by 0.31% to close at 1,691.72.

Other NSE indices depreciated during the week with the exception of NSE Banking.

NSE Consumer Goods, NSE Insurance, NSE Oil/Gas, NSE Lotus II and NSE Industrial Goods decreased by 0.07%, 0.49%, 2.55%, 0.90% and 0.24% respectively, while NSE Banking was up by 0.46%.

However, the NSE-ASeM closed flat last week Friday.

Thirty six (36) equities appreciated in prices during the week, higher than thirty three (33) equities of the preceding week.

Thirty six (36) equities also depreciated in prices lower than forty (40) equities of the preceding week, while one hundred and twenty two (122) equities remained unchanged higher than one hundred and twenty one (121) equities of the preceding week.

The top ten price gainers at the close of transactions last week was led by Thomas Wyatt Nig. Plc with a price gain of N0.24k to close at N0.96k per share.

It was followed by Unity Bank Plc with a gain of N0.16k in its share price to close at N0.66k per share while Airline Services and Logistics Plc was third with a price gain of N0.51k to close at N3.86k per share.

Trans-Nationwide Express Plc was fourth with a price gain of N0.17k to close at N1.30k per share while International Energy Insurance Company Plc was fifth with its share price appreciating by N0.09k to close at N0.72k.

Others on the chart are UACN Plc, Transcorp, Neimeth Pharmaceuticals, Champion Breweries and UBA.

However, Vono Products Plc led the top ten losers chart with a price loss of N0.30k to close at N1.64k per share while IHS Plc was second with a loss of N0.50k in its share price to close at N2.81k per share.

Costain (WA) Plc occupied the third place with a loss of N0.15k in its share price to close at N1.10k per share while Jos International Breweries Plc was fourth with a price loss of N0.86k to close at N6.66k per share.

WAPIC Insurance Plc came fifth with a loss of N0.10k in its share price to close at N0.80k per share.

Others on the chart are; Academy Press Plc, University Press Plc, FCMB Group Plc, Royal Exchange Plc and PZ Cussons Nig. Plc.