Investors trade 2.266 billion shares in 5 days

A turnover of 2.266 billion shares worth N19.008 billion in 25,853 deals were traded last week by investors on the floor of the Nigerian Stock Exchange, NSE.

This was in contrast to a total of 2.168 billion shares valued at N24.442 billion that exchanged hands the previous week in 26,443 deals.

Information gathered from the NSE indicated that the Financial Services Industry(measured by volume) led the activity chart with 1.398 billion shares valued at N8.989 billion traded in 11,930 deals, thus contributing 61.67% and 47.29% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with a turnover of 493.947 million shares worth N2.225 billion in 3,200 deals, contributing 21.80% and 11.71% to the total equity turnover volume and value respectively.

The third place was occupied by the Oil and Gas Industry with 90.408 million shares worth N941.272 million in 2,728 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 1.044 billion shares worth N2.550 billion in 3,645 deals, contributing 46.08% and 13.41% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 1,710 units of NewGold Exchange Traded Funds (ETFs) valued at N3.230 million executed in 5 deals compared with a total of 1,800 units valued at N3.445 million transacted the previous week in 6 deals.

Similarly, 8,307 units of FGN bonds valued at N8.354 million were last week traded in 6 deals compared with a total of 19,520 units valued at N21.374 million transacted the previous week in 5 deals.

The NSE All-Share Index declined by 182.70 points or 0.47 percent to close last Friday at 38,738.15 basis points as against the previous week’s closing figure of 38,920.85 basis points.

Similarly, the market capitalization of entities on the main board also depreciated by N59 billion or 0.47 percent to close last week Friday at N12.390 trillion as against the N12.449 trillion closing figure that was recorded in the preceding week.

Four of the NSE indices appreciated during the week while four also depreciated.

The NSE Insurance, NSE Oil/Gas, NSE Industrial Goods and NSE ASeM indices rose by 2.02%, 1.84%, 2.00% and 0.25%,
respectively.

However, NSE 30, NSE Consumer Goods, NSE Banking and NSE Lotus II indices slipped by 0.87%, 2.70% ,0.92% and 1.09% respectively.

Fifty equities appreciated in prices during the week higher than Thirty four equities of the preceding week.

Twenty six equities depreciated in prices lower than forty eight equities of the
preceding week while one hundred and twenty two equities remained unchanged lower than one hundred and sixteen equities of the preceding week.

A report on the over-the-counter, (OTC) market for FGN bonds indicated that a turnover of 75.036 million units valued at N74.045 billion in 322 deals were recorded last week in contrast to the 142.973 million units valued at N154.976 billion in 771 deals recorded in the preceding week which ended on November 29, 2013.

Prestige Assurance led the top ten price decliners chart for last week losing N0.08k in its share price to close at N0.62k per share.

E-Tranzact was second with a loss of N0.28k in its share price to close at N2.70k per share while John Holt in third spot lost N0.12k in its share price to close at N1.17k per share.

Nestle followed with a share price loss of N74.50k to close at N1,175.00 per share while Forte Oil was fifth with a loss of N5.70k in its share price to close at N108.30k per share.

Other companies on the chart are- Fidelity Bank, Continental Re-insurance, Secure Electronic Plc, NPF Microfinance Plc and Nigerian Breweries.

However, the price gainers were led by Union Dicon with a gain of N1.71k in its share price to close at N6.83k per share.

Costain was second with a gain of N0.29k in its share price to close at N1.22k per share while African Prudentials in third spot gained N0.63k in its share price to close at N2.69k per share.

RT Briscoe was fourth with a share price gain of N0.22k to close at N1.42k per share while Transcorp was fifth gaining N0.62k in its share price to close at N4.18k per share.

Cornerstone Insurance, Fidson Healthcare, UBA Capital, Oando and Custodian Insurance were other companies on the chart.