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Investors’ holdings in NSE rise by N111bn

By Michael Eboh
Investors’ holdings on the Nigerian Stock Exchange (NSE) recorded significant appreciation, as the value of their investment appreciated, last week, by N111.04 billion.

In particular, Investment value, represented by the market capitalisation rose by 1.91 per cent to N5.924 trillion from N5.813 trillion at which it opened the week. The All-share index, another indicator of equities’ performance also appreciated by 1.56 per cent to close at 24,517.88 points from 24,141.72 points.

The improvement in the value of listed equities was occasioned by gains on the share prices of majority of the quoted companies, led by Total Nigeria Plc, with a gain of N7.12 to close at N149.62 per share, Flour Mills Nigeria Plc followed with a gain of N5.38 to close at N51.39 per share and Mobil Oil Nigeria Plc garnered N5.11 to close at N107.64 per share.

Other share price gainers include: Benue Cement Company Plc N2.61, Northern Nigeria Flour Mills Plc N2.46, Glaxo Smithkline Consumer (Nigeria) Plc N2.20, Dangote Flour Mills Plc N1.79, Chemical & Allied Products Plc N1.41, Cement Company of Northern Nigeria Plc N1.08, GTBank Plc N1.00 among others.

On the contrary, Oando Plc recorded the most share price loss, dropping by N4.33 to close at N80.51 per share, Nigerian Breweries Plc followed with a loss of N1.21 to close at N57.90 per share and UAC Nigeria Property Development Company Plc dipped by N0.97 to close at N19.03 per share.

Other share price losers include: Longman Nigeria Plc N0.94, Lafarge Cement WAPCO Nigeria Plc N0.82, Union Bank Nigeria Plc N0.66, Alumaco Plc N0.64, First Bank of Nigeria Plc N0.53, Capital Hotel Plc N0.51, First City Monument Bank Plc N0.50 among others.

Equity trading, in the week under review, appreciated by 13.64 per cent, as a turnover of 2.5 billion shares valued at N21.41 billion was recorded in 40,091 deals, in contrast to the previous week’s turnover of 2.2 billion shares valued at N16.95 billion exchanged last week in 33,955 deals.

The Banking sub-sector enjoyed the most patronage in the sectorial analysis, accounting for 58 per cent of the market turnover, with 1.45 billion shares valued at N13.4 billion in 21,131 deals. Diamond Bank Plc’s shares were the most sought after, as investors exchanged its shares numbering 164.44 million valued at N1.53 billion in 697 deals, Zenith Bank Plc followed with the exchange of 161.11 million shares valued at N2.82 billion in 1,966 deals and Access Bank Plc recorded 124.01 million shares valued at N1.22 billion in 1,219 deals.

The Insurance sub-sector followed on the sectorial analysis, accounting for 16.2 per cent of the market turnover, with 405.9 million shares valued at N557.12 million in 2,496 deals. Guaranty Trust Assurance Plc recorded the most transactions in the sub-sector, trading 63.03 million shares valued at N164.74 million in 224 deals, followed by Linkage Assurance Plc with the exchange of 61.75 million shares valued at N30.87 million in 13 deals, while Custodian and Allied Insurance Plc recorded 60.79 million shares valued at N216.61 million in 353 deals.


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