Investors trade 1.585 billion shares in five days

A turnover of 1.585 billion shares worth N15.846 billion in 23,453 deals were traded last week by investors on the floor of the Nigerian Stock Exchange, NSE.

This was in contrast to a total of 1.834 billion shares valued at N22.961
billion that exchanged hands the previous week in 23,840 deals.

The NSE All-Share Index, ASI, rose by 12.66 points or 0.03 percent to close last Friday at 37,883.53 basis points as against the preceding week’s closing figure of 37,870.87 basis points.

The market capitalization of listed entities appreciated by N17 billion or 0.14 percent to close higher at N12.117 trillion last Friday when compared with the N12.100 trillion closing figure of the earlier week.

Information gathered from the exchange indicated that three of the NSE indices appreciated last week.

The NSE Banking, NSE Oil/Gas and NSE Industrial Goods indices inched up by 0.86%, 11.55% and 2.85% respectively.

However, NSE 30, NSE Consumer Goods, NSE Insurance, NSE Lotus II and NSE-ASeM indices slipped by 1.04%,3.95%
0.61%, 1.73% and 0.35% respectively.

Twenty eight equities appreciated in prices during the week, lower than thirty eight equities of the preceding week.

Fifty equities depreciated in prices higher than forty three equities of the
preceding week while one hundred and nineteen equities remained unchanged higher than one hundred and sixteen equities of the preceding week.

The Financial Services Industry (measured by volume) led the activity chart last week with 842.828 million shares valued at N6.060 billion traded in 11,643 deals, thus contributing 53.18% and 38.24% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with a turnover of 352.240 million shares worth N1.251 billion in 1,583 deals, contributing 22.22% and 7.90% to the total equity turnover volume and value respectively.

The third place was occupied by the ICT Industry with 108.423 million shares worth N565.405 million in 197 deals.

Trading in the top three equities namely- Transnational Corporation of Nigeria Plc, Wapic Insurance Plc and Computer Warehouse Group Plc (measured by volume) accounted for 582.873 million shares worth N1.690 billion in 1,604 deals, contributing 36.78% and 10.66% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 400 units of NewGold Exchange Traded Funds (ETFs) valued at N791,500.00 executed in 4 deals compared with a total of 2,025 units valued at N4.096 million transacted the previous week in 2 deals.

Similarly, 146 units of FGN bonds valued at N133,851.43 were traded last week in 2 deals compared with a total of 723 units valued at N749, 976.07 transacted in 3 deals a week earlier.

A report on the Over-the-Counter, (OTC) market for FGN Bonds indicated that a turnover of 101.025 million units valued at N109.047 billion in 510 deals were recorded last week in contrast to 193.766 million units valued at N210.137 billion in 1,053 deals recorded in the preceding week ended November 8, 2013.
The top ten price gainers chart for last week was led by Transcorp appreciating by N1.37k in its share price to close at N3.63k per share.

Conoil was second with a gain of N24.52k in its share price to close at N76.00 per share while MRS was third with a share price gain of N10.72k to close at N52.51k per share.

Forte Oil was fourth with a gain of N10.74k in its share price to close at N115.64k per share while UTC in fifth spot added N0.06k to its share price to close at N0.66k per share.

Other companies on the chart are CAP Plc, Oando Plc, IPWA Plc, Lafarge and Wema Bank.

However, Neimeth Pharmaceuticals topped the top ten losers chart for last week shedding N0.21k in its share price to close at N0.99k per share.

UBA Capital was second with a loss of N0.17k in its share price to close at N1.26k per share while Costain was third losing N0.10k in its share price to close at N0.86k per share.

Jos Breweries was fourth with a loss of N0.33k in its share price to close at N3.17k per share.

RT Briscoe in fifth spot lost N0.12k in its share price to close at N1.18k per share.

Trans-nationwide Plc, DN Meyer, N.E.M Insurance, Nestle and Ashaka Cement were other companies on the chart.