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Investors stake N12.1b in equities in one week


Nigerian Stock Exchange

Nigerian Stock Exchange

THE volume of shares traded on the Nigerian Stock Exchange (NSE) witnessed a downturn last week, as a turnover of 1.382 billion shares worth N12.053 billion changed hands in 16,877 deals.

This amount, was however, lower than a total of 3.596 billion units valued at N24.564 billion, exchanged in 24,288 deals during the preceding week.

The financial services industry (measured by volume) led the activity chart with 1.229 billion shares valued at N7.181 billion traded in 10,743 deals; thus contributing 88.91per cent and 59.58per cent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with a turnover of 61.568 million shares worth N187.598 million in 814 deals. The third place was occupied by the Consumer Goods Industry, with 49.197 million shares worth N3.199 billion in 2,450 deals.

Trading in the Top Three Equities namely- Diamond Bank Plc, Access Bank Plc and First City Monument Bank Plc (measured by volume) accounted for 550.741 million shares worth N2.419 billion in 1,500 deals, contributing 39.84 per cent and 20.07 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 105,162 units of Exchange Traded Products (ETPs) valued at N1.504 million executed in 20 deals compared with a total of 366,178 units valued at N6.500 million transacted last week in 27 deals.
There was no trade recorded on bonds this week. However, a total of 100 units of FGN Bonds valued at N104,391.66 was transacted last week in 1 deal.

The NSE All-Share Index and market capitalization depreciated by 4.51per cent respectively to close on Friday at 29,334.23 and N9.789 trillion.
Similarly, all Indices finished lower during the week with exception of the NSE ASeM Index that closed flat.

11 equities appreciated in price during the week, lower than 33 equities of the preceding week. 53 equities depreciated in price, higher than 36 equities of the preceding week, while 132 equities remained unchanged, higher than 127 equities recorded in the preceding week.
Meanwhile, the NSE has announced that sequel to the 10 March 2015 directive of the Securities and Exchange Commission, the shares of Union Homes Savings & Loans Plc (UHSL) has been placed on full suspension from Monday, 16 March to Friday, 20 March 2015.

The suspension, according to NSE  is for the purpose of permitting UHSL to conclude its scheme of reorganization of capital.
It added that normal transactions in the shares of UHSL will resume on Monday, 23 March 2015

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