Investors trade 1.758 billion shares in 5 days

A turnover of 1.758 billion shares worth N21.024 billion in 28,949 deals were traded last week within 5 days by
investors on the floor of the Nigerian Stock Exchange(NSE) in contrast to a total of 1.514 billion shares valued at N18.333 billion that exchanged hands the previous week in 25,016 deals.

Information gathered from the Exchange indicated that the Financial Services Industry (measured by volume) led the activity chart with 1.174 billion shares valued at N10.593 billion traded in 15,519 deals, thus contributing 66.81% and 50.39% to the total equity
turnover volume and value respectively.

The Conglomerates Industry followed with a turnover of 154.106 million shares worth N776.861 million in 1,696 deals.

The third place was occupied by the Oil
and Gas Industry with 111.771 million shares worth N2.122 billion in 3,573 deals.

Trading in the top three equities namely, Transnational Corporation of Nigeria Plc, FBN Holdings Plc and Zenith International Bank Plc (measured by volume) accounted for 402.481 million shares worth N5.549 billion in 5,934 deals, contributing 22.90% and 26.39% to the total equity turnover volume and
value respectively.

Also traded during the week were a total of 425 units of NewGold Exchange Traded Funds (ETFs) valued at N816,000.00 executed in 3 deals compared with a total of 85 units of NewGold valued at
N162,775.00 transacted the previous week in 1 deal.

Similarly, 1,900 units of FGN bonds valued at N1.738 million were last week traded in 9 deals compared with a total of 2,000 units of FGN bonds valued at N2.127 million transacted the previous week in 20 deals.

The NSE All-Share Index, ASI, appreciated by 166 points or 0.40 percent within the period under review to close last Friday at 41,917.55 basis points as against the preceding week’s closing figure of 41,751.55 basis points.

The Market Capitalisation of listed entities also appreciated by N67 billion or 0.50% to close higher last Friday at N13.432 trillion when compared with the previous week’s closing figure of N13.365 trillion.

Likewise, the NSE 30, NSE Consumer Goods, NSE Oil/Gas, NSE Lotus II and NSE Industrial indices increased by 0.24%, 0.09%, 2.90%, 1.93% and 2.61% respectively.

However the NSE Banking and NSE Insurance indices decreased during the week by 1.00% and 1.07% respectively while the NSE-ASeM closed flat.

Forty four equities appreciated in prices during the week higher than thirty four equities of the preceding week.

Forty three equities depreciated in prices lower than forty seven equities of the preceding week while one hundred and eleven equities remained unchanged higher than one hundred and seventeen equities of the previous week.

A report on the Over-the-Counter, (OTC) market for FGN bonds indicated that a turnover of 13.701 million units valued at N13.704 billion in 12 deals were recorded last week in contrast to the 1.170 million units valued at N1.160 billion in 5 deals that was recorded in the preceding week which ended on January 17th, 2014.

Transnationwide Express topped the gainers chart for last week with an increase of N0.63k in its share price to close at N1.85k per share.

Costain was second with a gain of N0.50k in its share price to close at N1.65k per share while IHS Plc in third spot gained N0.95k in its share price to close at N3.95k per share.

Courteville was fourth gaining N0.15k in its share price to close at N0.85k per share while C & I Leasing was fifth with a share price gain of N0.09k to close at N0.64k per share.

Other companies on the list are- John Holt, May & Baker, Forte Oil, Portland Paints and Prestige Assurance.

However, the losers chart for last week was led by Learn Africa Plc shedding N0.29k in its share price to close at N1.90k per share.

Japaul Oil was second losing N0.06k in its share to close at N0.62k per share while IPWA Plc in third spot lost N0.06k in its share price to close at N0.64k per share.

Wema Bank was fourth with a loss of N0.09k in its share price to close at N1.05k per share while Vono Product in fifth spot lost N0.13k in its share price to close at N1.52k per share.

Skye Bank, Diamond Bank, African Prudential, ETI and Jos Breweries were other companies on the chart.