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Equities value appreciates by N90bn


The upward trend witnessed in the Nigerian Stock Exchange, NSE, in the last couple of days continued last week, as the value of listed equities appreciated by N89.73 billion.

Specifically, equities value, represented by the market capitalization, rose by 1.24 per cent to close the week at N7.349 trillion, from N7.259 trillion at which it opened.

The All-share index, another major performance indicator, appreciated by 1.56 per cent or 345.25 basis points to close the week at 23,095.31 points.

Equity trading also appreciated by 11.99 per cent, as a turnover of 1.634 billion shares valued at N11.897 billion was recorded in 22,412 deals, in contrast to penultimate week’s turnover of 1.459 billion shares valued at N9.618 billion in 18,276 deals.

The Financial Services sector recorded the highest transaction with 1.217 billion shares valued at N6.881 billion in 12,971 deals. This was followed by the Conglomerates sector with 130.220 million shares valued at N182.074 million traded in 909 deals.

The turnover volume recorded in the top sectors was largely driven by activity in the shares of United Bank for Africa Plc in the Banking sub-sector; AIICO Insurance Plc, in the Insurance carriers, brokers and services sub-sector and Transnational Corporation of Nigeria Plc in the Diversified Industries sub-sector.

Trading in the shares of the top three companies accounted for 546.536 million shares, representing 40.78 per cent, 40.57 per cent and 33.45 per cent of the turnover recorded by the sub-sector, sector and total equities for the week, respectively.

Guinness Nigeria Plc led 38 other companies on the price gainers’ chart, recording the most share price gain, with N11.40 to close at N239.40 per share from N228 per share at which it opened; Nigerian Breweries Plc followed with a gain of N5.99 to close at N116 per share and Nestle Nigeria Plc garnered N5 to close at N500 per share.

Other share price gainers include: Conoil Plc N4.40, Okomu Oil Palm Plc N3.39,Total Nigeria Plc N3, Lafarge Cement WAPCO Plc N2.50, Glaxo SmithKline Consumer Plc N2.05, Flour Mills Nigeria Plc N2.00 and UAC Nigeria Plc N1.63 among others.

On the contrary, Mobil Oil Nigeria Plc led 29 other companies, recording the most share price, with N6 per share to close at N125 per share, from N131 per share at which it started the week; Seven-up Bottling Company Plc followed with a loss of N2 per share to close at N40.12 per share and Nigerian Enamelware Plc shed N1.80 to close at N34.39 per share.

Other share price losers include: Cement Company of Northern Nigeria Plc N1.14, Arbico Plc N1.05, Dangote Cement Plc N1.00, Presco Plc N0.76, Berger Paints Plc N0.42, Union Bank Nigeria Plc N0.39, Learn Africa Plc N0.31 among others.


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