Transactions in the nation’s equity market last week close in positive trend following increased trading activities following the listing of MTN Nigeria shares on the floor of Nigeria Stock Exchange (NSE).
The listing positively affected the market as market capitalisation of listed equities appreciated by N1. 876 trillion or 17.30 per cent to N12.718 trillion from N10.842 trillion reported the previous week.
The NSE All Share Index also appreciated by 24.12 basis points to 28871.93 points from 28847.81 points.
The result showed that all other indices finished lower with the exception of the NSE All-Share Index and NSE Premium
Index that appreciated by 0.08 per cent and 3.60 per cent respectively while the ASeM Index closed flat.
The NSE main board index fell by 47.90 to 1271.79, NSE 30 index dipped by 39.10 basis points to 1,255.43, NSE Corporate Governance index down by 46.66 basis points to 1.092.68 points, NSE Banking index fell by 15.97 to 354.30, NSE Pension index down by 28.72 to 1,065.89 points, NSE insurance sheds 3.97 to 114.66 points, NSE AFR Bank Value index went down by 50.03 to 911.69, NSE AFR Div Yield index dropped by 44.01 to 1276.93, NSE Meri Growth index dipped by 37.93 to 1463.62, NSE Meri Value index decreased by 75.52 to 1179.91 points, NSE Consumer Goods index declined by 27.66 to 641.87, Oil and Gas index also down by 6.14 to 258.76 points, NSE Lotus II depreciated by 57.07 to 2,013.53 points.
Investors traded a turnover of 1.172 billion shares worth N17.887 billion in 18,380 deals in contrast to a total of 1.477 billion shares valued at N10.876 billion that exchanged hands last week in 20,740 deals.
The Financial Services Industry led the activity chart with 680.592 million shares valued at N7.395 billion traded in 11,035 deals contributing 58.09 per cent and 41.34 per cent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 266.636 million shares worth N818.249 million in 1,152 deals. The third place was ICT Industry with a turnover of 82.390 million shares worth N6.085 billion in 346 deals.
Trading in the top three equities- Transnational Corporation of Nigeria Plc, Access Bank Nigeria Plc and Guaranty Trust Bank Plc accounted for 421.064 million shares worth N4.681 billion in 3,073 deals, contributing 35.94 per cent and 26.17 per cent to the total equity turnover volume and value respectively.
The result also showed that 16 equities appreciated in during the week against 18 in the previous week, 42 listed companies depreciated in price compared with 49 equities recorded in the previous
week, while 109 equities remained unchanged, 101 firms reported in the preceding week.
A review of trading activities during the week showed that Thomas Wyatt Nigeria Plc led gainers table during the week, gaining 24.00 per cent or N0.06 kobo to close at N0.31 kobo, Neimeth International Pharmaceuticals Plc followed with a gain of 22.00 or N0.11 kobo to close at N0.61 kobo, A.G.Leventis Nigeria Plc appreciated by 16.67 per cent or N0.04 kobo to close at N0.28 kobo.
Other companies appreciated in price were Transnational Corporation of Nigeria 9.73 per cent, NPF microfinance Bank Plc 8.89 per cent, Okomu Oil Palm Plc 5.71 per cent, UACN Plc 5.04 per cent, Varitas Kapital Assurance Plc 5.00, Mutual Benefits Assurance Plc 4.76 per cent, Unilever Nigeria Plc 3.23 per cent.
On the contrary, Regency Assurance Plc recorded the highest loss during the week, shedding 20.00 per cent or N0.05 kobo to close at N0.20 kobo. Forte Oil Plc trailed with a loss of 18.88 per cent or N6.60 kobo to close at N28.35 kobo, Champion Breweries Plc down by 18.18 per cent or N0.26 kobo. Other firms depreciated in price were FCMB group 13.89 per cent, Wema Bank Plc 13.89 per cent, Goldlink Insurance Plc 13.04 per cent , NEM Insurance Plc 12.00 per cent, University Press Plc 9.73 per cent, Access Bank Plc 9.15 per cent, Cement Company of Northern Nigeria 9.15 per cent.
A total of 18,181units of Exchange Traded Products (ETPs) valued at N215,365.64 executed in four deals compared with a total of 97,154 units valued at N1.318 million transacted last week in 2 deals.
A total of 10,366 units of Federal Government Bonds valued at N9,783 million were traded this week in 9 deals compared with a total of 265 units valued at N281,654.91 transacted last week in five deals
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