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NSE All-Share Index rises by 0.50% in one week

By on April 29, 2013

The value of investors’ equities listed on the Nigerian Stock Exchange, NSE, recorded an appreciation last week with the key market indicators rising by 0.5 per cent.

The NSE All-Share Index rose by 165.11 basis points or 0.50 per cent to end the week at 33,159.08 while the market capitalisation of the listed equities advanced by 0.52 per cent to close at N10.602 trillion.

This was occasioned by share price appreciation in thirty-four (34) equities during the week higher than twenty-eight (28) equities of the preceding week.

Dangote Cement Plc topped the gainers’ chart, appreciating by N2.85 to close at N158.85 per share from N156.00 per share. This was followed by Unilever Nigeria Plc that recorded an appreciation of N2.00 to close at N55.00 per share while Cap Plc gained N1.70 to close at N38.70 per share, among other gainers.

However, forty-six (46) equities depreciated in price lower than forty-nine (49) equities of the preceding week, while one hundred and sixteen (116) equities remained constant lower than one hundred and nineteen (119) equities of the preceding week.

Nestle Nigeria Plc led the losers chart, depreciating by N32.00 to close at N898.00 per share from N930.00 per share. This was followed by Total Nigeria Plc losing N23.00 to close at N157.00 per share and Guinness Nigeria Plc lost N7.16 to close at N253.04 per share, among other losers.

Meanwhile, turnover of 1.758 billion shares valued at N17.898 billion in 23,958 deals were transacted last week by investors in contrast to a total of 2.114 billion shares valued at N26.678 billion that exchanged hands penultimate week in 27,624 deals.

At the close of trading activities for the week, the Financial Services sector came top and accounted for 1.443 billion shares valued at N10.502 billion exchanged hands by investors in 14,600 deals. Consumer Goods sector followed in the activity chart with 69.691 million shares valued at N5.130 billion traded in 4,100 deals.

Similarly, the Banking sub-sector of the Financial Services sector was the most active during the week with 1.061 billion shares worth N8.432 billion traded in 10,546 deals. Volume in the Banking subsector was largely driven by activities in the shares of Unity Bank Plc, Zenith Bank Plc and Access Bank Plc. Trading in the shares of the three banks accounted for 587.557 million shares worth N4.230 billion exchanged by investors in 3,163 deals contributing 33.43 per cent to the total equity turnover volume recorded during the week.

In the course of the week, 14,905 units of NewGold Exchange Traded Funds (ETFs) valued at N32.677 million were executed in 50 deals compared with a total of 6,021 units valued at N12.944 million transacted last week in 21 deals.

Also, 1,420 units of FGN bonds valued at N173,253.00 were traded during the week in 8 deals in contrast to 4,140 units valued at N4.471 million transacted last week in 30 deals