NSE: Activities increase by 89.3%

Blueprint Whatsapp

Activities on the floor of the Nigerian Stock Exchange (NSE) last week closed in an upward trend as volume of stock traded increased by 89.3 per cent.
Weekly results indicated that volume of stocks sold in the last five days surged by 1.365 billion as investors bought 2.893 billion shares valued at N30.027 billion in 30650 deals in in contrast to a total of1.528 billion shares valued at N20.080 billion that exchanged hands last week in 26,820 deals.

The financial service industry led the activity chart in volume terms accounting for 1.364 billion shares valued at N12.010 billion traded in 12,267 deals, indicating 47.16% and 40% to the total equity turnover volume and value respectively.
The conglomerates industry followed with a turnover of938.039 million shares worth N5.039billion in 3,004 deals while theOil and Gas Industry took thirdposition, accounting for 334.120 million shares worth N7.294 billion in 7,508 deals.
Trading in the top three equities namely Trancorp, FBN Holdingsand United Bank for Africa accounted for 1.368 billion shares worth N10.178 billion in 6,028 deals, contributing 47.29% and 33.90% to the total equity turnover volume and value respectively.

However, the NSE All-Share Index rose by 1058.35 basis points to 42,187.62 points from 41129.27 recorded the previous week, while market capitalization appreciated by N350 billion or 2.57% to close on Friday at N13.930 trillion against N13.580 trillion traded the previous week.
The NSE indices appreciated with the exception of the NSE Insurance Index and NSE Oil and Gas Index which lost 0.40% and 10.29% respectively to close at 146.18 points and 452.86 points.  Meanwhile, NSE ASeM index closed flat at 950.54 points

The NSE 30 Index appreciated by 48.65 point or 2.60% to 1,918.60. NSE Banking index grew by 5.54 basis points or 1.30% to 432.01 points. NSE Consumer went up by 33.16 points or 3.8% to close at N1,043.78 point. NSE Lotus II  increased by 108.07 or 3.95% to 2,846.45 point while industrial goods index climbed to 96.52 basis points or 3.75%
A review of trading for the week showed that 49 equities appreciated in prices during the week against 36 of the preceding week.

The result indicated that 40 companies depreciated in price compared with 45 stocks recorded in the preceding week, while 111 equities remained unchanged lower than 119 recorded in the preceding week.
Japaul Oil & Marine Services led the gainers table in percentage terms, appreciating by 17.86%. West African Provincial Insurance 11.11%, while Guinness appreciated by 11, 11%
Other companies that recorded price appreciation were Associated Bus Company 10.59%, Julius Berger 10.24%, MRS Oil Nigeria 9.38%, and May & Baker 7.88%.

On the other hand, Forte Oil Plc topped the losers chart, shedding 17.48%, NPF Micro Finance Bank 16.67%, OandoPlc 9.91%, Champion Breweries 9.68%, Jos International Breweries9.47% Tranex7.59% UTC Nigeria 7.41% and Vitafoam5.93%

Related content you may like