NSE records N10.7 billion transactions in one week

NPF MFBank, InterBrew others emerge top gainers

The Nigerian Stock Exchange (NSE), last week, recorded a turnover of  1.361 billion  shares worth  N10.711 billion in  16,070 deals last week, in contrast to a total of  1.185 billion  shares valued at N13.033 billion that changed hands in  18,548 deals during the preceding week.

Specifically, at the end of trading last week, the financial services industry (measured by volume) led the activity chart with 1.237 billion shares valued at N7.913 billion traded in 9,544 deals; thus contributing 90.87 per cent and 73.88 per cent to the total equity turnover volume and value respectively.

The conglomerates industry followed with 46.182 million shares worth N77.192 million in 637 deals.The consumer goods industry ranked third with a turnover of 38.102 million shares worth N1.372 billion in 2,907 deals.

Trading in the top three equities namely – Wapic Insurance Plc, FBN Holdings Plc and Guaranty Trust Bank Plc in volume terms accounted for 666.721 million shares worth N5.064 billion in 3,205 deals, contributing 48.99 per cent and 47.27 per cent to the total equity turnover volume and value respectively.

Also traded last week were a total of 1.003 million units of Exchange Traded Products (ETPs) valued at N12.116 million executed in 43 deals, compared with a total of 11,383 units valued at N128, 168.98 transacted last week in 48 deals.

A total of 4,044 units of Federal Government Bonds valued at N4.062 million were traded in 6 deals compared to a total of 340 units of Federal government bonds valued at N370, 066.80 transacted last week in one deal.

Consequently, the NSE All-share index and market capitalisation depreciated by 0.65 per cent to close the week at 27,246.88 and N9.358 trillion respectively.Similarly, all other Indices finished lower during the week, with the exception of the NSE Industrial Goods Index that gained 0.66 percent while the NSE ASeM Index closed flat.

18 equities appreciated in price last week, lower than 22 equities of the preceding week.38 equities depreciated in price, lower than 40 equities of theprevious week, while 124 equities remained unchanged higher than 118 equities recorded in the preceding week.

The top 10 price gainers include: NPF Micro finance Bank Plc, International Breweries (InterBrew) Plc, Guaranty Trust Bank. Others are: UACN Property Development, A. G. Leventis, Wema Bank, Lafarge Africa, Law Union& Rock insurance, AIICO insurance and Okomu oil palm product.