The Nigerian Stock Exchange (NSE), at the close of trading on Friday, recorded renewed bargain hunting activities, which resulted in upswing in equity prices.
The NSE All-Share Index and Market Capitalisation appreciated by 6.57 per cent and 6.55 per cent to close the week at 25,820.10 and N8.882 trillion respectively.
Similarly, all other indices finished higher during the week, with the exception of the NSEMain Board Index, NSE Consumer Goods Index and NSE Oil/Gas Index that depreciated by 0.54 per cent, 1.36 per cent and 6.10 per cent respectively,
while the NSE ASeM Index closed flat. A turnover of 1.476 billion shares worth N7.992 billion in 15,743 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 4.476 billion shares valued at N11.742 billion that exchanged hands the previous week in 14,124 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.319 billion shares valued at N5.590 billion traded in 9,955 deals, thus contributing 89.36 per cent and 69.94 per cent to the total equity turnover volume and value respectively.
The conglomerates industry followed with 50.809 million shares worth N108.297 million in 557 deals.
The third place was occupied by the consumer goods industry with a turnover of 49.655 million shares worth N1.376 million in 2,434 deals. Further analysis showed that trading in the top three equities namely – Wapic Insurance Plc, FCMB Holding Plc and Access Bank Plc. (measured by volume) accounted for 578.238 million shares worth N933.534 million in 1,424 deals,
contributing 39.18 per cent and 11.68 per cent to the total equity turnover volume and value respectively.
Thirty-five equities appreciated in price during the week, higher than twenty-one equities of the previous week.
Twentyfour equities depreciated in price, lower than 35 equities of the previous week, while 135 equities remained unchanged, lower than 134 equities recorded in the previous week.
Also traded last week were a total of 40,021 units of Exchange Traded Products (ETPs) valued at N1.885 million executed in 44 deals, compared with a total of 14,844 worth N14.134 million transacted the previous week in 29 deals.
A total of 4,063 units of Federal Government Bonds valued at N4.903 million were traded in three deals compared to a total of 4,990 units of Federal Government Bonds valued at N5.799 million transacted the previous week in two deals.
A total of 1,500,000,000 units of Intercontinental Bank Plc Preference Shares were delisted from the Daily Official List on 2nd March 2016.
Also, a total of 913,907,131 units of Ordinary Shares of 50 kobo each belonging to Wema Bank Plc representing the unpaid portion allotted to SW8 Investment Limited in May 2009 – now reversed in compliance with CBN’s directive, was delisted from the shares outstanding of the company.
