Market Cap gains N155billion in four days

The market capitalization of the equities on the main board appreciated by N155 billion or 1.34 percent within a space of four days to close last Friday at N11.761 trillion as against the N11.606 trillion figure recorded a week earlier.

In the same vein, the NSE All-Share Index, ASI, rose by 488.84 points or 1.34 percent to close on Friday at 36,925.82 higher than the previous week’s figure of 36,436.98 basis points.

The NSE 30 Index also rose by 1.44 percent to close last Friday at 1,732.87.

Information gathered from the Exchange revealed that other NSE indices also appreciated during the week with the exception of two.

NSE Consumer Goods, NSE Banking, NSE Insurance and NSE Oil/Gas inched up by 2.59%, 1.87%, 0.48%, and 1.32%
respectively, while NSE Lotus II and NSE Industrial Goods slipped by 0.18% and 0.03% respectively.

However, the NSE-ASeM remained flat.

Forty nine (49) equities appreciated in prices during the week higher than forty three (43) equities of the preceding week.

Twenty four (24) equities, however, depreciated in prices lower than thirty two (32) equities of the preceding week while one hundred and twenty four (124) equities remained unchanged higher than one hundred and nineteen (119) equities of the preceding week.

A turnover of 1.625 billion shares worth N15.372 billion in 15,935 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 1.391 billion shares valued at N11.722 billion that exchanged hands the previous week in 22,314 deals.

The Financial Services sector (measured by volume) led the activity chart with 1.110 billion shares valued at N9.747 billion traded in 8,465 deals, thus contributing 68.28%, 63.41% and 53.12% to the total equity turnover volume, value and number of deals respectively.

The Conglomerates sector followed with a turnover of 379.453 million shares worth N935.749 million in 1,173 deals, contributing 23.35%, 6.09% and 7.36% to the total equity turnover volume,
value and number of deals respectively.

The Consumer Goods sector came third with 53.060 million shares worth N2.890 billion in 2,940 deals.

Trading in the top three equities namely Transnational Corporation of Nigeria Plc, Zenith Bank Plc and UBA Plc (measured by volume) accounted for 662.364 million shares worth N4.935 billion in 2,556
deals, contributing 40.76%, 32.10% and 16.04% to the total equity turnover volume, value and deals, respectively.

Similarly, a total of 50 units of NewGold Exchange Traded Funds (ETFs) valued at N101,800 executed in 1 deal were traded during the week compared with a total of 710 units valued at N1.445 million transacted a week earlier in 5 deals.

However, there were no transactions in debt instruments during the week while 9,445 units of FGN bonds valued at N10.074 million were traded in 4 deals.

A report on the over-the-counter, (OTC) market for FG bonds indicated that a turnover of 111.010 million units valued at N121.425 billion in 700 deals were recorded last week in contrast to 131.511 million units worth N138.670 billion in 733 deals recorded in the preceding week ended September 27, 2013.

Transcorp led the top ten gainers chart for last week with its share price appreciating by N0.34k to close at N1.89k per share while International Energy Insurance Company Plc followed with a gain of N0.12k in its share price to close at N0.71k per share.

Costain (WA)Plc was third with a share price gain of N0.12k to close at N1.13k per share while Forte Oil Plc came fourth gaining N3.68k in its share price to close at N39.38k per share.

It was followed by Red Star Express Plc with a gain of N0.39k in its share price to close at N4.49k per share.

Other companies on the chart are- Associated Bus Company Plc, UBA Capital Plc, Wema Bank Plc, International Breweries Plc and Access Bank Plc.

However, the top ten price decliners chart was led by Jos International Breweries Plc depreciating by N0.60k in its share price to close at N3.78k per share.

Okomu Oil followed with a loss of N5.90k in its share price to close at N42.15k per share while Courteville Business Solutions Plc was third losing N0.07k in its share price to close at N0.61k per share.

Airline Services and Logistics Plc was fourth with a drop of N0.41k in its share price to close at N3.82k per share while GSK was fifth shedding N5.00 in its share price to close at N64.00 per share.

Others on the chart are; Unity Bank Plc, Prestige Assurance Company Plc, RT Briscoe Plc, Learn Africa Plc and Ashaka Cement Plc.