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Equities’ value appreciates by N67bn on NSE

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A significant improvement was recorded on the Nigerian Stock Exchange, NSE, last week, as the value of listed equities appreciated by N67.099 billion.

Driven by gains on the share prices of majority of the blue chips, equities’ value, represented by the market capitalization, rose by 0.99 per cent to close the week at N6.829 trillion, from N6.763 trillion at  which it opened the week.

Another key indicator for measuring equities’ value, the All-share index, also rose by 0.99 per cent or 210.19 basis points to close the week at 21,394.77 points from 21,184.58 points at which it opened.

Nigerian Breweries Plc led 32 other companies on the price gainers’ table, with a share price appreciation of 4.12 per cent or N4 to close at N101 per share, PZ Cussons Nigeria Plc followed with a gain of N2.38 to close at N27 per share and Glaxo SmithKline Consumer Plc garnered N1.50 to close at N22.50.

Other share price gainers include: Presco Plc N1.29, Unilever Nigeria Plc N1.20, UAC Nigeria Plc N1.01, Cement Company of Northern Nigeria Plc N0.74, Eterna Plc N0.67, Zenith Bank Plc N0.65 and First Bank Nigeria Plc N0.33 among others.

On the contrary, Guinness Nigeria Plc led 36 other companies on the price losers’ category, dropping by N7.08 or 3.12 per cent to close at N220 per share, Seven-Up Bottling Company Plc followed with a loss of N3.69 to close at N38.31 per share and Conoil Plc dipped by N2.05 to close at N19.61 per share.

Other share price losers include: Arbico Plc N1.30, Lafarge WAPCO Cement Plc N1.00, MRS Oil Nigeria Plc N0.70, Avon Crowncaps and Containers Plc N0.69, UACN Property Development Company Plc N0.50, Cadbury Nigeria Plc N0.42 and Morison Industries Plc N0.38 among others.

However, a decline was recorded in equities trading in the week under review, as a turnover of 930.68 million shares valued N6.33 billion in 17,744 deals, in contrast to the previous week’s turnover of 2.76 billion shares valued at N7.99 billion in 16,961 deals.

The Financial Services sector dominated trading in the sectorial analysis, with 658.92 million shares valued at N3.75 billion in 10,381 deals, followed by Services sector with 55.76 million shares valued at N145.17 million traded in 547 deals.

The Banking sub-sector recorded the highest patronage, trading 493.17 million shares valued at N3.64 billion in 9,880 deals. Transaction in the sub-sector was driven by Diamond Bank Plc, Zenith Bank and First Bank Plc.

Trading in the shares of the three companies accounted for 228.65 million shares, representing 46.36 per cent, 34.70 per cent and 24.57 per cent of the turnover recorded by the sector, sub-sector and total equities turnover for the week, respectively.

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