UBA, Access Bank, others lift NSE’s turnover by N12.9 billion

Unilever leads gainers on Exchange

Heavy transactions in the shares of some banks, especially United Bank for Africa (UBA) Plc and Access Bank, last week, lifted the volume of shares traded, as a turnover of 1.375 billion shares worth N12.940 billion were recorded in 16,915 deals.

This volume of shares traded, was, however, higher than a total of 1.361 billion units, valued at N10.711 billion that changed hands in 16,070 deals during the preceding week.

Last week, the financial services industry (measured by volume) led the activity chart with 1.195 billion shares valued at N8.631 billion traded in 10,365 deals; thus contributing 86.90 per cent and 66.70 per cent to the total equity turnover volume and value respectively.

The conglomerates industry followed with 76.489 million shares worth N154.736 million in 964 deals.

The consumer goods industry trailed with a turnover of 38.048 million shares worth N1.768 billion in 2,676 deals.

Specifically, trading in the top three equities namely – United Bank for Africa Plc, Access Bank Plc and FBN Holdings Plc (measured by volume) accounted for 559.065 million shares worth N2.452 billion in 3,690 deals, contributing 40.66 per cent and 18.95 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 57,828 units of Exchange Traded Products (ETPs) valued at N766,162.96 executed in 37 deals, compared with a total of 1,003 million units valued at N12.116 million transacted last week in 43 deals.

A total of 3,127 units of Federal Government Bonds valued at N3.057 million were traded in six deals compared to a total of 4,044 units of Federal Government Bonds valued at N4.062 million transacted last week in six deals.

The NSE All-share index and market capitalisation appreciated by 1.48 per cent to close the week at 27,650.32 and N9.496 trillion respectively.

Similarly, all other Indices finished higher during the week, with the exception of the NSE Insurance and NSE Oil and Gas Indices that shed 1.19 per cent and 3.44 per cent respectively while the NSE ASeM Index closed flat.

Twenty-five equities appreciated in price during the week, higher than 18 equities of the previous week. 39 equities depreciated in price, higher than 38 equities of the previous week, while 116 equities remained unchanged lower than 124 equities recorded in the preceding week.

Meanwhile, 10 firms emerged top gainers, at the end of last week’s transactions. Unilever Plc led the chart with 10.23 per cent to close at N38.58 per share. NEM Insurance followed with 10.00 per cent to close at N0.88 per share. Nigerian Breweries added 5.75 per cent to close at N138.01 per share.

Lafarge Africa garnered 5.11 per cent to close at N56.00 per share. Eterna oil gained 5.06 per cent to close at N2.70 per share. Seven-UP added 4.97 per cent to close at N114.45 per share. Stanbic IBTC also added 4.32 per cent to close at N14.50 per share.

On the other hand, Champion Breweries led others on the losers’ chart, shedding 19.53 per cent to close at N2.76 per share. Wema Bank trailed with 15.07 per cent to close at N0.62 per share.

National Aviation Handling Company shed 14.00 per cent to close at N3.44 per share. Cement Company of Northern Nigeria dropped 11.97 per cent to close at N5.81 per share. Fidson lost 11.67 per cent to close at N1.59 per cent.