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Investors gain N152bn on NSE

By Chinedu Ibeabuchi
Driven by substantial improvement on the share prices of majority of the listed equities, the value of listed equities on the Nigeria Stock Exchange (NSE), last week, rose by N152.80 billion.

specifically, the key market indices, the market capitalisation and the All-share index, appreciated by 2.92 per cent and 1.61 per cent respectively.

The market capitalisation opened the week under review at N5.192 trillion, rising by N152.80 billion to close at N5.344 trillion, while the All-share index gained 359.64 points to close at 22,653.17 points from 22,293.53 points at which it opened.

The share prices of the listed equities which at the wake of market rebound had been recording marginal growth, however, recorded some substantive improvement at the close of trading last week, with  Flour Mills of Nigeria Plc recording the highest share price gain,  gaining  N6.03 to close at N29.03 per share, Oando Plc followed with N5.79 to close at N93.99 per share and African Petroleum Plc garnered N5.35 to close at N35.80 per share.

Other share price gainers include: African Petroleum Plc N5.35, Mobil Oil Nigeria Plc N4.73, UAC Nigeria Plc N4.30, Nigerian Breweries Plc N3.50, Nestle Nigeria Plc N2.99, Lafarge Cement WAPCO Nigeria Plc N2.55, Conoil Plc N1.41 and GTBank Plc N1.35, among others.

On the contrary, Eterna Oil & Gas Plc led on the price losers’ table, dropping by N1.20 to close at N11.20 per share, Nigerian Bottling Co. Plc followed with a loss of N1.15 to close at N22.30 per share and Seven-Up Bottling Company Plc lost N0.92 to close at N29.00 per share.

Other price losers include: BOC Gases Plc N0.74, First City Monument Bank Plc N0.64,Spring Bank Plc, N0.52, African Alliance Insurance Plc N0.48, RT Briscoe (Nigeria) Plc N0.45, Portland Paints & Products Plc N0.36 and Oceanic Bank International Plc N0.35.
However, equity trading depreciated by 25.53 per cent in the week under review, as a turnover of 2.1 billion shares valued at N15.8 billion was recorded in 29,101 deals, in contrast to the previous week’s turnover of 2.82 billion shares valued at N19.1 billion exchanged in 35,025 deals.

The Banking sub-sector was the most active during the week under review, accounting for 61.9 per cent of the market turnover, with 1.3 billion shares valued at N10.42 billion in 16,795 deals. Volume in the Banking sub-sector was largely driven by activity in the shares of First City Monument Bank Plc, UBA Plc and Access Bank Plc. Trading in the shares of the three banks accounted for 654.24 million shares, representing 50.11 per cent of the sub-sector’s turnover.

The Insurance sub-sector, boosted by activity in the shares of Goldlink Insurance Plc and Investment and Allied Assurance Plc, followed on the week’s activity chart with a turnover of 466.1 million shares valued at N281.45 million in 1,935 deals.


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