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Neimeth Pharmaceuticals leads gainers as investors stake N24.6b in equities

By Helen Oji   |   26 June 2017   |   2:55 am

TransNational Corporation appreciated by 10.10 per cent to close at N6.87 per share. Linkage Assurance garnered 7.02 per cent to close at N0.61 per share. Julius Berger also added 4.98 per cent to close at N41.52 per share.


Neimeth Pharmaceutical traded higher at the end of last week’s transactions on the floor of the Nigerian stock Exchange with 44.12 per cent to close at N0.98 per share.
Following Neimeth last week was Ashaka cement, adding 21.39 per cent to close at N17.08per share.

Livestock Feeds garnered 20.88 per cent to close at N1.10 per share. Conoil appreciated by 17.26 per cent to close at N44.56 per share.Berger Paints gained 15.40 per cent to close at N7.12 per share. Cement Company of Northern Nigeria added 15.37 per cent to close at N10.21 per share. International Breweries gained 11.79 per cent to close at N29.19 per share.

TransNational Corporation appreciated by 10.10 per cent to close at N6.87 per share. Linkage Assurance garnered 7.02 per cent to close at N0.61 per share. Julius Berger also added 4.98 per cent to close at N41.52 per share.

Consequently, a turnover of 2.311 billion shares worth N24.577 billion were recorded in 27,836 deals by investors on the floor of the Exchange last week, in contrast to a total of 2.737 billion shares valued at N32.042 billion that changed hands in 32,217 deals during the preceding week.

Specifically, the financial services industry (measured by volume) led the activity chart with 1.783 billion shares valued at N15.865 billion traded in 15,948 deals; thus contributing 77.17 per cent to the total equity turnover volume.

The conglomerates industry followed with 239.226 million shares worth N571.910 million in 1,251 deals. The consumer goods industry ranked third with a turnover of 85.663 million shares worth N4.522 billion in 3,673 deals.

Trading in the top three equities namely – Zenith International Bank Plc, Transnational Corporation of Nigeria Plc, and FBN Holdings Plc (measured by volume) accounted for 665.483 million shares worth N6.695 billion in 5,649 deals, contributing 28.80 per cent to the total equity turnover volume.

Also traded during the week were a total of 63,927 units of Exchange Traded Products (ETPs) valued at N841, 330.04 executed in 11 deals compared with a total of 16,300 units valued at N973,376 transacted last week in three deals.

A total of 2,212 units of Federal Government Bonds valued at N2.098 million were traded this week in seven deals, compared with a total of 12,193 units valued at N12.440 million transacted last week in 14 deals.

The NSE All-share index and market capitalisation depreciated by 4.99 per cent to close the week at 32,122.14 and N11.108 trillion respectively.Similarly, all other Indices finished lower during the week with the exception of the NSE ASeM Index that appreciated by 0.08 per cent respectively

Some 23 equities appreciated in price during the week, lower than 38 equities of the previous week, while 52 equities depreciated in price, higher than 42 equities of the previous week, while 98 equities remained unchanged higher than 93 equities recorded in the preceding week.


In this article:
Neimeth Pharmaceutical


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