Market Cap loses N104billion in five days

The market capitalisation of entities on the main board lost by N104 billion or 0.83 percent within 5 days to close last Friday at N12.449 trillion as against the preceding week’s closing figure of N12.553 trillion.

The NSE All-Share Index, ASI, equally declined by 325.20 points or 0.83 percent to close lower on Friday at 38,920.85 basis points when compared with the previous week’s closing figure of 39,246.05 basis points.

Information gathered from the Exchange indicated that five of the NSE indices appreciated during the week with the exception of three.

The NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Lotus II and NSE ASeM indices rose by 1.20%, 0.78%, 1.10%, 0.28% and 0.76% respectively.

However, NSE 30, NSE Oil/Gas and Industrial Goods indices slipped by 0.12%, 5.52% and 4.16% respectively.

Thirty four equities appreciated in prices during the week lower than fifty nine equities of the preceding week.

Forty eight equities depreciated in prices higher than twenty four equities of the preceding week while one hundred and sixteen equities remained unchanged higher than one hundred and fifteen equities of the preceding week.

A turnover of 2.168 billion shares worth N24.442 billion in 26,443 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 3.699 billion shares valued at N29.084 billion that exchanged hands the previous week in 28,386 deals.

The Financial Services Industry(measured by volume) led the activity chart with 1.203 billion shares valued at N9.133 billion traded in 12,226 deals; thus contributing 55.48% and 37.37% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with a turnover of 505.330 million shares worth N2.478 billion in 2,628 deals; contributing 23.31% and 10.14% to the total equity turnover volume and value respectively.

The third place was occupied by the Oil and Gas Industry with 196.409 million shares worth N2.372 billion in 3,762 deals.

Trading in the top three equities namely Transnational Corporation of Nigeria Plc, Unity Bank Plc and WAPIC Insurance Plc (measured by volume) accounted for 888.952 million shares worth N2.526 billion in 3,119 deals, contributing 41.00% and 10.33% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 1,800 units of NewGold Exchange Traded Funds (ETFs) valued at N3.445 million executed in 6 deals compared with a total of 750 units valued at N1.477 million transacted the previous week in 4 deals.

Similarly, 19,520 units of FGN bonds valued at N21.374 million were last week traded in 5 deals compared with a total of 13,207 units valued at N14.349 million transacted the previous week in 4 deals.

A report on the over-the-counter, (OTC) market for FGN bonds indicated that a turnover of 142.973 million units valued at N154.976 billion in 771 deals were recorded last week in contrast to 88.215 million units valued at N89.357 billion in 353 deals recorded in the preceding week ended November 22, 2013.

Costain, (WA) Plc led the top ten price gainers chart for last week appreciating by N0.27k in its share price to close at N0.93k per share.

It was followed by Jos International Breweries Plc with a gain of N1.07k in its share price to close at N4.31k per share while Prestige Assurance in third spot gained N0.10k in its share price to close at N0.70k per share.

Union Dicon was fourth with a share price gain of N0.69k to close at N5.12k per share.

Mcnichols Plc was fifth with a gain of N0.15k in its share price to close at N1.45k per share.

Other companies on the chart are; Cadbury, Neimeth Pharmaceuticals, ETI, Flour Mills and Champion Breweries.

However, Transcorp led the losers chart shedding N2.31k in its share price to close at N3.56k per share.

Unity Bank was second with a loss of N0.14k in its share price to close at N0.55k per share while Livestock Feeds in third spot lost N0.96k in its share price to close at N4.19k per share.

N.E.M Insurance was fourth with a share price loss of N0.08k to close at N0.58k per share.

Oando was fifth losing N1.81k in its share price to close at N14.06k per share.

Lafarge, Courteville, Royal Exchange, Wema Bank and Trans-Nationwide Express are other companies on the chart.