Published On: Mon, Jul 17th, 2017

NSE: Investors hail returns on equities

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From Ngozi Onyeakusi, Lagos

Driven by activities in the Financial Services sector, equities listed on the floor of the Nigeria Stock Exchange (NSE) last week ended on bullish trend as the twin market indicators gained momentum.
Specifically, the NSE All-Share Index appreciated by 2.4 per cent to close at 33,261.66 basis points from 32,459.17 basis points it opened with while the Market Capitalization equally increased by 2.4 per cent to closed at N11.464 trillion from N11.187 trillion recorded the previous week.
Similarly, all other Indices finished higher during the week with the exception of the NSE ASeM index that closed flat.
Meanwhile, total turnover of 1.272 billion shares worth N13.993 billion in 19,385 deals were traded by investors in contrast to a total of 1.061 billion shares valued at N12.295 billion that exchanged hands in 18,847 deals the previous week.
The Financial Services Industry (measured by volume) led the activity chart with 1.086 billion shares valued at N9.743 billion traded in 11,229 deals; thus contributing 85.33% and 69.63% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 44.786 million shares worth N1.536 billion in 2,853 deals. The third place was occupied by Conglomerates Industry with a turnover of 38.104 million shares worth N75.759 million in 727 deals.
Trading in the Top Three Equities namely – United Bank for Africa Plc, FBN Holdings Plc and Zenith International Bank Plc (measured by volume) accounted for 505.388 million shares worth N5.454 billion in 4,009 deals, contributing 39.73% and 38.98% to the total equity turnover volume and value respectively.
The Nigerian Stock Exchange All Share Index increased by 802.49 basis point to 33261.66 from 32459.17 points. NSE Premium Index rose by 55.35 to 2,268.73, the NSE Main Board index 35.30 to 1,473.81, NSE 30 index 40.09 to 1506.10, NSE Banking index 23.73 to 412.85 points, NSE Insurance index rose by 1.22 to 140.60, NSE Consumer Goods index, NSE Oil & Gas index 7.35 to 324.85 ,NSE Lotus II grew by 30.23 to 2,034.34, Industrial Good index surged by 56.87 to 1.993.34 points, NSE Pension index rose by 34. 68 basis points to 1,148.14 points.
Neimeith International Pharmaceuticals Plc led gainers in percentage terms, gaining 24.62 percent orvN0.16 kobo to close at N0.81 kobo, Unity Bank Plc followed with a gain of 19.67 or N0.12 kobo to close at N0.73 kobo while Forte Oil appreciated by 15.34 per cent or N7.48 kobo to close at N56.17 kobo.
Other companies that increased in price were Avon Crown Caps and ContAinets 14.56 point, N. E. M Insurance Co Nigeria Pic 14.14 per cent, Ecobank Transnational Incorporated 14.04 per cent, Mobil Oil 9.91 per cent, Flour Mills Nigeria Pic 9.75 per cent, 7UP Bottling Company plc 8.82 per cent, Access Bank 8.43 per cent.
Conoil Plc recorded the highest loss for the week, shedding 17.43 per cent or N6.33 kobo to close at N29.98 kobo, University Press trailed with a loss of 14.12 per cent or N0.48 kobo to close N2.92 kobo, Champion Breweries fell by 12.28 per cent or N0.35 kobo to close N2.50 kobo, other firms that depreciated in price were Union Bank Nigeria Plc 9.97 kobo, Jaiz Bank Plc 9.09 kobo, Presco Plc 4.99 per cent, NCR (Nigeria) Pls 4.93 per cent, Capital Hotel Old 4.89 per cent, A.G.Leventis Nigeria Plc 4.88 per cent and Boc gases Plc 4.85 per cent.

Forty–eight (48) equities appreciated in price during the week, higher than sixteen (16) equities of the previous week. Twenty-seven (27) equities depreciated in price, lower than fifty-one (51) equities of the previous week, while ninety- seven (97) equities remained unchanged lower than one hundred and five (105) equities recorded in the preceding week.

The Nigerian Stock Exchange All Share Index increased by 802.49 basis point to 33261.66 from 32459.17 points. NSE Premium Index rose by 55.35 to 2,268.73, the NSE Main Board index 35.30 to 1,473.81, NSE 30 index 40.09 to 1506.10, NSE Banking index 23.73 to 412.85 points, NSE Insurance index rose by 1.22 to 140.60, NSE Consumer Goods index, NSE Oil & Gas index 7.35 to 324.85 ,NSE Lotus II grew by 30.23 to 2,034.34, Industrial Good index surged by 56.87 to 1.993.34 points, NSE Pension index rose by 34. 68 basis points to 1,148.14 points.

Also traded during the week were a total of 25,540 units of Exchange Traded Products valued at N2.646 million executed in 10 deals compared with a total of 5 units valued at N484.85 transacted last week in 1 deal.

A total of 2,977 units of Federal Government Bonds valued at N2.946 million were traded this week in 11 deals, compared with a total of 358 units valued at N344,610.97 transacted last week in 7 deal.

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