Market Cap gains N436billion in five days

Market rally deepened at the Nigerian Stock Market last week as the market capitalisation of entities on the main board appreciated by N436 billion or 3.60 percent within 5 days to close on Friday at N12.553 trillion as against the N12.117 trillion closing figure of the preceding week.

The NSE All-Share Index, ASI, also closed higher on Friday at 39,246.05 basis points gaining by 1,362.52 points or 3.60 percent when compared with the previous week’s closing figure of 37,883.53 basis points.

Information gathered from the Exchange indicated that all the indices appreciated during the week with the exception of one.

The NSE 30, NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Oil/Gas, NSE-Lotus II and NSE Industrial Goods indices rose by 2.85%, 3.85%, 1.03%, 2.57%, 4.48%, 2.34% and 1.56% respectively.

However, NSE ASeM indices slipped by
0.30%.

Fifty nine equities appreciated in prices during the week, higher than twenty eight equities of the preceding week.

Twenty four equities depreciated in prices lower than fifty equities of the preceding week, while one hundred and fifteen equities remained unchanged lower than one hundred and nineteen equities of the preceding week.

A turnover of 3.699 billion shares worth N29.084 billion in 28,386 deals were traded last week by investors on the floor of the Nigerian Stock Exchange, NSE, in contrast to a total of 1.585 billion shares valued at N15.846 billion that exchanged hands the previous week in 23,453 deals.

The Financial Services Industry, (measured by volume) led the activity chart with 2.112 billion shares valued at N10.925 billion traded in 12,178 deals; thus contributing 57.10% and 37.56% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with a turnover of 948.059 million shares worth N4.757 billion in 3,713 deals; contributing 25.63% and 16.35% to the total equity turnover volume and value respectively.

The third place was occupied by the Oil and Gas Industry with 318.702 million shares worth N5.370 billion in 4,901 deals.

Trading in the top three equities namely Transnational Corporation of Nigeria Plc, Equity Assurance Plc and UBA Capital Plc (measured by volume) accounted for 1.681 billion shares worth N5.143 billion in 3,945 deals, contributing 45.45% and 17.68% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 750 units of NewGold Exchange Traded Funds (ETFs) valued at N1.477 million executed in 4 deals compared with a total of 400 units valued at N791,500.00 transacted the previous week in 4 deals.

Similarly, 13,207 units of FGN bonds valued at N14.349 million were last week traded in 4 deals compared with a total of 146 units valued at N133, 851.43 transacted the previous week in 2 deals.

A report on the OTC market for FGN bonds indicated that a turnover of 88.215 million units valued at N89.357 billion in 353 deals were recorded last week in contrast to 101.025 million units valued at N109.047 billion in 510 deals recorded in the preceding week ended November 15, 2013.

Transcorp led the top ten price gainers chart for last week appreciating by N2.24k in its share price to close at N5.87k per share.

Eterna Plc was second gaining N1.51k in its share price to close at N4.47k per share while Livestock Feeds in third spot gained N1.46k in its share price to close at N5.15k per share.

Unity Bank was fourth with a share price gain of N0.18k to close at N0.69k per share while Oando Plc was fifth with a gain of N3.87k in its share price to close at N15.87k per share.

Other companies on the chart are; Portland Paints, WAPIC Insurance, N.E.M Insurance, NASCON and UBA Capital.

However, the top ten price decliners chart for last week was led by Costain (WA) Plc shedding N0.20k in its share price to close at N0.66k per share.

Conoil followed losing N8.07k in its share price to close at N67.93k per share while Presco Plc in third spot lost N3.00 in its share price to close at N35.00 per share.

A.G Leventis was fourth with a share price loss of N0.09k to close at N1.55k per share while Forte Oil was fifth with a loss of N5.78k in its share price to close at N109.86k per share.

Cap Plc, Nigerian Ropes Plc, E-transact Plc, GSK and Mcnichols Plc were other companies on the chart.