ASI inches up by 0.81% in 5 days

The Nigerian Stock Exchange, NSE, All-Share Index, ASI, appreciated by 303.88 points or 0.81 percent within five days to close last Friday at 37,765.82 basis points as against the 37,461.94 basis points closing figure that was recorded a week earlier.

The market capitalization of equities on the main board equally inched up by N97 billion or 0.81% to close last Friday at N12.066 trillion higher than the previous week’s closing figure of N11.969 trillion.

Information gathered from the Exchange showed that the NSE 30, NSE Consumer Goods, NSE Lotus II and NSE Industrial Goods appreciated by 0.98%, 2.92%, 1.95% and 2.51% respectively last week.

However, the NSE Banking, NSE Insurance, NSE Oil/Gas and NSE-ASeM indices depreciated by 0.60%, 1.04%, 2.83% and 0.35% respectively.

Thirty eight equities appreciated in prices during the week higher than thirty equities of the preceding week.

Forty four equities depreciated in prices lower than forty nine equities of the
preceding week while one hundred and fifteen equities remained unchanged lower than one hundred and eighteen equities of the preceding week.

A turnover of 1.713 billion shares worth N16.473 billion in 22,925 deals were traded last week by investors on the floor of the NSE in contrast to a total of 1.521 billion shares valued at N18.011 billion that exchanged hands the previous week in 26,028 deals.

The Financial Services Industry, (measured by volume) led the activity chart last week with 1.427 billion shares valued at N9.763 billion traded in 13,198 deals; thus contributing 83.28% and 59.26% to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with a turnover of 105.637 million shares worth N4.558 billion in 3,883 deals while the Conglomerates Industry came third with 81.836 million shares worth N348.325 million in 1,075 deals.

Trading in the top three equities namely Equity Assurance Plc, WAPIC Insurance Plc and Guaranty Trust Bank Plc (measured by volume) accounted for 621.194 million shares worth N2.988 billion in 1,809 deals, contributing 36.00% and 18.14% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 1,594 units of NewGold Exchange Traded Funds (ETFs) valued at N3,866 million executed in 6 deals compared with a total of 105 units valued at N214,200 transacted a week earlier in one deal.

Similarly, 515 units of FGN bonds valued at N588,502.89 were traded last week in 6 deals.

A report on the over-the-counter, (OTC) market for FGN bonds indicated that
a turnover of 141.149 million units valued at N150.882 billion in 751 deals were recorded last week in contrast to 138.764 million units valued at N152.269 billion in 731 deals recorded in the preceding week ended October 25, 2013.

Wema Bank Plc was ahead of others in the top ten gainers chart for last week appreciating by N0.16k in its share price to close at N1.30k per share.

UBA Capital Plc was second gaining N0.16k in its share price to close at N1.46k per share while Associated Bus Company Plc was third with a share price gain of N0.09k to close at N0.85k per share.
It was followed by Academy Press Plc which gained N0.24k in its share price to close at N2.55k per share.

IHS Plc was fifth with a gain of N0.24k in its share price to close at N2.65k per share.

Other companies on the chart are- Continental Reinsurance Plc, Nestle Nigeria Plc, Lafarge WAPCO, UBA and Vono Products Plc.

However, the top ten price losers chart for last week was led by IPWA which shed N0.11k in its share price to close at N0.70k per share.

Skye Bank was in second position losing N0.53k in its share price to close at N4.10k per share while Access Bank was third with a loss of N1.08k in its share price to close at N9.31k per share.

WAPIC Insurance followed losing N0.08k in its share price to close at N0.83k per share.

Airline Services and Logistics Plc was fifth with a loss of N0.23k in its share price to close at N3.28k per share.

Sterling Bank Plc, Eterna Plc, Prestige Assurance Plc, AIICO Insurance Plc and Conoil Plc are other companies on the chart.