Investors trade 1.521 billion shares in five days

A turnover of 1.521 billion shares worth N18.011 billion in 26,028 deals were traded last week by investors on the floor of the Nigerian Stock Exchange, NSE.

This was in contrast to a total of 895.210 million shares valued at N11.659 billion that exchanged hands the previous week in 14,989 deals.

Information gathered from the NSE revealed that the Financial Services Industry(measured by volume) led the activity chart last week with 1.062 billion shares valued at N11.053 billion traded in 13,693 deals, thus contributing 69.83% and 61.37% to the total equity turnover volume and value
respectively.

The Conglomerates Industry followed with a turnover of 253.418 million shares worth N656.405 million in 1,399 deals, while the Oil and Gas Industry came third with 74.297 million shares worth N956.055 million in 3,218 deals.

Trading in the top three equities namely Transnational Corporation of Nigeria Plc, Guaranty Trust Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 561,164 million shares worth N6.210 billion in 4,291 deals, contributing 36.90% and 34.48% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 105 units of NewGold Exchange Traded Funds (ETFs) valued at N214,200 executed in 1 deal compared with a total of 365 units valued at N738,965 transacted the previous week in 4 deals.

There were no transactions in debt instruments during the week.

Last week, 210 units of FGN bonds valued at N249, 371.96 were traded in 3 deals.

The NSE All-Share Index, ASI, gained 0.32 percent or 119.21 points to close last Friday at 37,461.94 basis points as against the 37,342.73 basis points closing figure of the previous week.

The market capitalization of equities on the main board also appreciated by N72 billion or 0.61 percent to close last Friday at N11.969 trillion as against the preceding week’s closing figure of N11.897 trillion.

The NSE Oil/Gas, NSE Lotus II and NSE Industrial Goods appreciated by 8.24%, 0.73% and 1.25% respectively.

The NSE 30, NSE Consumer Goods, NSE Banking and NSE Insurance Indices
depreciated by 0.19%, 0.67%, 0.98% and 0.90% respectively.

However the NSE-ASeM closed flat.

Thirty equities appreciated in prices during the week lower than forty-three equities of the preceding week.

Forty nine equities depreciated in prices higher than twenty-nine equities of the preceding week, while one hundred and eighteen equities remained unchanged lower than one hundred and twenty five equities of the preceding week.

A report on the over-the-counter, (OTC) market for FGN bond indicated that a turnover of 138.764 million units valued at N152.269 billion in 731 deals were recorded last week in contrast to 65.130 million units valued at N71.372 billion in 306 deals recorded in the preceding week ended October 18, 2013.

The top ten price gainers chart for last week was led by Conoil Plc which share price appreciated by N14.16k to close at N49.15k per share.

CAP Plc came second with a gain of N10.14k in its share price to close at N48.99k per share while UACN property followed with an addition of N2.27k to its share price to close at N18.96k per share.

Forte Oil Plc was in fourth position gaining N8.68k in its share price to close at N72.98k per share.

Academy Press Plc occupied the fifth spot with a share price increase of N0.24k to close at N2.31k per share.
Other companies on the chart are: Transnational Corporation of Nigeria Plc, Learn Africa Plc, Ikeja Hotel Plc, RT Briscoe Plc and Berger Paints Plc.

However, International Energy Insurance Company Plc topped the losers chart shedding N0.17k in its share price to close at N0.69k per share.

Vono Products occupied the second spot dropping N0.34k in its share price to close at N1.59k per share.

It was followed by Wema Bank Plc with a share price loss of N0.14k to close at N1.14k per share.
NPF Microfinance Bank Plc was fourth with a loss of N0.08k in its share price to close at N0.77k per share while Courteville was fifth losing N0.06k in its share price to close at N0.60k per share.

IPWA Plc, Ashaka Cement Plc, May & Baker Plc, Red Star Express Plc and Paints and Coatings Plc are other companies on the chart.