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UACN Property leads gainers on exchange


Nigerian Stock Exchange

Nigerian Stock Exchange

NSE records N7.4b turnover in four trading days

UACN Property closed higher at the end of last week’s transactions on the nation’s bourse, the Nigerian Stock Exchange (NSE). It led other stocks with 14.50 per cent to close at N3.00 per share.

Following UACN Property last week, was United Capital, adding 10.62 per cent to close at N3.02 per share.

Other gainers of last week’s transactions were Access Bank, Eterna Oil, FCMB, which added 6.98,6.45 and 6.36 per cent to close at N6.28, N3.30 and N1.17 per share respectively.


Unity Bank gained 5.45 per cent to close at N0.58 per share. FBN Holdings garnered 4.48 per cent to close at N3.50 per share. United Bank for Africa added 4.00 per cent to close at N4.68 per share. Fidson appreciated by 3.91 per cent to close at N1.33 per share. CAP gained 3.13 per cent to close at N33.00 per share.

Consequently, despite the one-day holiday, declared on Monday, January 2, as part of the New Year celebrations, a total turnover of 4.319 billion shares worth N7.376 billion were recorded in 9,330 deals by investors on the floor of the Exchange. This contrasts with the 405.939 million shares worth N3.724 billion that changed hands in 6,363 deals during the preceding week.

Specifically, the financial services industry (measured by volume) led the activity chart with 4.177 billion shares valued at N5.306 billion traded in 5,047 deals; thus contributing 96.71 per cent and 71.94 per cent to the total equity turnover volume and value respectively.

The oil and gas Industry followed with 65.827 million shares worth N594.522 million in 1,385 deals.

The conglomerates industry ranked third with a turnover of 26.487 million shares worth N48.163 million in 299 deals.

Trading in the top three equities – Unity Kapital Assurance, Omoluabi Savings and Loans and FCMB Group (measured by volume) accounted for 3.863 billion shares worth N3.013 billion in 286 deals, contributing 89.45 per cent and 40.85 per cent respectively to the total equity turnover volume and value.

Also traded during the week were a total of 55 units of Exchange Traded Products (ETPs) valued at N505.65 executed in 11 deals, compared with a total of 9,965 units valued at N56,446.35 transacted last week in 16 deals.

A total of 5,100 units of Federal Government Bonds valued at N5.120 million were traded this week in two deals, against zero bond transaction last week.

The NSE All-share index and market capitalisation depreciated by 2.32 per cent to close the week at 26,251.39 and N9.032 trillion respectively. Similarly, all other Indices finished lower during the week.

About 18 equities appreciated in price during the week, lower than 37 equities in the previous week. Also, 31 equities depreciated in price, higher than 21 equities, while 126 equities remained unchanged higher than 117 equities recorded in the preceding week.

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