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NSE All-Share index rises by 0.69% in one wee

By Akeem Nafiu on September 30, 2013

The NSE All-Share Index rose by 248.26 points or 0.69 percent to close last Friday at 36,436.98 as against the 36,188.72 basis points closing figure that was recorded a week earlier.

In the same vein, the market capitalization of the equities on the main board also appreciated by N79 billion or 0.69 percent to close at N11.606 trillion when compared with the previous week’s N11.527 trillion mark.

Information gathered from the Exchange revealed that the NSE 30 Index inched up by 0.98% to close last week at 1,708.31.

Other NSE indices also appreciated during the week with the exception of two.

The NSE Consumer Goods, NSE Insurance, NSE Lotus II and NSE Industrial Goods rose up by 1.46%, 1.54%, 2.34%, and 2.26% respectively, while NSE Banking and NSE Oil/Gas slipped by 0.47% and 0.22% respectively.

However, the NSE-ASeM closed flat.

A turnover of 1.391 billion shares worth N11.722 billion in 22,314 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 1.514 billion shares valued at N12.062 billion that exchanged hands in 24,983 deals a week earlier.

The Financial Services sector (measured by volume) led the activity chart with 970.742 million shares valued at N6.830 billion traded in 11,986 deals, thus contributing 69.80%, 58.26% and 53.72% to the total equity turnover volume, value and number of deals respectively.

The Conglomerates sector followed with a turnover of 230.869 million shares worth N640.739 million in 1,139 deals, contributing 16.60%, 5.47% and 5.10% to the total equity turnover volume, value and number of deals respectively.

The Consumer Goods sector came third with 84.633 million shares worth N2.760 billion in 4,354 deals.

Trading in the top three equities namely Unity Bank Plc, Transnational Corporation of Nigeria Plc, and Guaranty Trust Bank Plc (measured by volume) accounted for 552.819 million shares worth N2.771 billion in 3,316 deals, contributing 39.75%, 23.64% and 14.86% to the total equity turnover volume, value and deals respectively.

Similarly, a total of 710 units of NewGold Exchange Traded Funds, ETFs, valued at N1.445 million executed in 5 deals were traded during the week compared with a total of 440 units valued at N922,960 transacted the previous week in 2 deals.

Also, 9,445 units of FGN bonds valued at N10.074 million were traded during the week in 4 deals in contrast to 4,410 units valued at N4.928 million that was transacted a week earlier in 5 deals.

Forty three (43) equities appreciated in prices during the week higher than thirty six (36) equities of the preceding week.

Thirty two (32) equities depreciated in prices lower than thirty six (36) equities of the preceding week, while one hundred and nineteen (119) equities remained unchanged lower than one hundred and twenty two (122) equities of the preceding week.

A report on the over-the-counter, OTC, market for the FGN bonds also showed that a turnover of 131.511 million units valued at N138.670 billion in 733 deals were recorded last week in contrast to 101.165 million units worth N102.502 billion in 486 deals recorded in the preceding week ended September 20, 2013.

The top ten gainers chart last week was led by IPWA Plc gaining N0.17k in its share price to close at N0.99k per share.

Vono Products Plc was second with a gain of N0.24k in its share price to close at N1.88k per share while RT Briscoe Plc was third with a share price gain of N0.14k to close at N1.44k per share.
Academy Press Plc was next with a price gain of N0.17k in its share price to close at N1.87k per share while Paints and Coatings Manufacturers Plc was fifth inching up by N0.20k in its share price to close at N2.24k per share.

Others on the chart are Airline Services and Logistics Plc, May & Baker Nig. Plc, GSK Nig. Plc, UACN Property and Portlamd Paints.

However, Jos International Breweries led the top ten losers chart dropping N2.28k in its share price to close at N4.38k per share.

It was followed by International Energy Inurance Company Plc with a price loss of N0.13k in its share price to close at N0.59k per share while CAP Plc was third losing N6.40k in its share price to close at N37.00 per share.

In fourth position was John Holt Plc which lost N0.18k in its share price to close at N1.09k per share while UTC Nig. Plc was fifth with a share price loss of N0.07k to close at N0.59k per share.

Others on the chart are Presco Plc, Abbey Building Society Plc, Tripple Gee and Company Plc, Courteville Business Solutions Plc and Unity Bank Plc.

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