Market capitalisation gains N115billion in three days

The three days of trading on the floor of the Nigerian Stock Exchange, NSE, last week ended on an impressive note as the market capitalisation of the listed entities gained N115 billion or 0.98 percent to close on Friday at N11.897 trillion as against the N11.782 trillion closing figure of the earlier week.

The All Share Index, ASI, also gained 351.11 points or 0.95 percent to close Friday at 37,342.73 basis points higher than the preceding week’s closing figure of 36,991.62 basis points.

Similarly, the NSE 30 Index gained 1.23% to close last week at 1,757.14.

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

NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Oil/Gas and NSE Lotus II added 2.68%, 1.57%, 0.43%, 10.52% and 1.21% respectively.

However the NSE Industrial Goods Index depreciated by 0.60%, while the NSE-ASeM closed flat.

Information gathered from the NSE indicated that a turnover of 895.210 million shares worth N11.659 billion in 14,989 deals were traded last week by investors in contrast to a total of 1.482 billion shares valued at N15.164 billion that exchanged hands the previous week in 21,606 deals.

The Financial Services Industry
(measured by volume) led the activity chart with 702.814 million shares valued at N7.559 billion traded in 9,280 deals, thus contributing 78.51% and 64.83% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with a turnover of 82.502 million shares worth N307.986 million in 741 deals, while the Consumer Goods Industry came third with 48.371 million shares
worth N2.289 billion in 2,382 deals.

Trading in the top three equities namely Zenith Bank Plc, Transnational Corporation of Nigeria Plc and Unity Bank Plc (measured by volume) accounted for 312.180 million shares worth N3.649 billion in 1,705 deals, contributing 34.87% and 31.30% to the total equity turnover volume and value respectively.

Similarly, a total of 365 units of NewGold Exchange Traded Funds (ETFs) valued at N738,965 executed in 4 deals were traded during the week compared with a total of 85 units valued at N171,665 transacted the previous week in 2 deals.

Also, 210 units of FGN bonds valued at N249,371.96 were traded during the week in 3 deals in contrast to 5,390 units valued at N5.446 million transacted in 5 deals a week earlier.

A report on the FGN over-the-counter(OTC) market indicated that a turnover of 65.130 million units valued at N71.372 billion in 306 deals were recorded last week in contrast to 121.181 million units valued at N128.209 billion in 724 deals recorded in the preceding week ended October 11, 2013.

Forty three (43) equities appreciated in prices during the week higher than Forty one (41) equities of the preceding week.

Twenty nine (29) equities depreciated in prices lower than Thirty nine (39) equities of the preceding week, while one hundred and twenty five (125) equities remained unchanged higher than one hundred and seventeen (117) equities of the preceding week.

Forte Oil Plc led the top ten price gainers chart for last week with its share price appreciating by N16.30k to close at N64.30k per share.

It was followed by Conoil Plc with a gain of N6.19k in its share price to close at N34.99k per share while Cadbury was in third position gaining N5.40k in its share price to close at N57.00 per share.

Custodian and Allied Insurance Plc was in fourth position with its share price appreciating by N0.16k to close at N1.78k per share.

Academy Press Plc was fifth with a gain of N0.18k in its share price to close at N2.07k per share.

Other companies on the chart are Vitafoam Plc, International Breweries Plc, Total Nigeria Plc, PZ Cussons Plc and AIICO Insurance Plc.

However, the top ten losers chart for last week was led by IHS Plc which shed N0.27k in its share price to close at N2.53k per share.

International Energy Insurance Company Plc was second losing N0.08k in its share price to close at N0.86k per share while WAPIC Insurance Plc was third with a loss of N0.08k in its share price to close at N0.88k per share.

It was followed by Ikeja Hotel Plc with a loss of N0.05k in its share price to close at N0.70k per share.

Prestige Assurance Plc was fifth losing N0.03k in its share price to close at N0.53k per share.

Other companies on the chart are Unity Bank Plc, UBA Capital Plc, University Press Plc, DN Meyer Plc and Trans-Nationwide Express Plc.