NSE: Equity market rebounds, appreciating

Trading activities on the flour of Nigeria Stock Exchange (NSE) last week closed in positive trend, appreciating by N673 billion.
Specifically, market capitalisation of listed equities increased by 5.04 per cent to N14.008 trillion from N13.335 trillion reported the previous week.
Also the NSE All Share Index rose by 1852.94 basis points or 5.03 per cent to 38669.23 points from 36816.29 points recorded the previous week.
Similarly, all other indices finished higher with the exception of the NSE Insurance and NSE Oil Gas Indices that depreciated by 0.61 per cent and 1.34 per cent respectively, while the NSE ASeM Index closed flat.
NSE Corporate Governance index grew by 82.72 per cent to 1551.17 points, NSE Premium index added 128.57 to 2817.19, The NSE Main Board index advanced by 84.94 to 1698 .64, NSE 30 Index increased by 87.36 to 1750.44, NSE Banking Index went up by 21.01 to 489.66 points, NSE Consumer Goods Index grew by 56.30 to 916.75, NSE Lotus II advanced by 114.26 to 2,562.51 points, NSE Industrial Goods Index added 172.26 to 2,019.81 points while NSE Pension index rose by 68.65 points to 1502.28 points The recovery of the stock market according to capital market operators driven by bargain hunting in value stocks across major sectors.
As a result, the Year-to-Date and Month-to-Date returns turned positive, at 1.11 per cent and 1.48 per cent, respectively.
Operators said that , relatively lower prices of value stocks, coupled with still-positive macroeconomic fundamentals, will further sustain gains in the equities market.
The trading result showed that investors traded a turnover of 1.749 billion shares worth N31.183 billion in 24,604 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.699 billion shares valued at N84.775 billion that exchanged hands last week in 19,715 deals.
The Financial Services Industry led the activity chart with 1.423 billion shares valued at N19.717 billion traded in 13,950 deals, contributing 81.37 per cent and 63.23 per cent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 153.105 million shares worth N6.805 billion in 4,512 deals.
The third place was occupied by Conglomerates Industry with a turnover of 60.473 million shares worth N186.600 billion in 905 deals.
Trading in the top three equities namely Guaranty Trust Bank Plc, Access Bank Plc and Zenith Bank International Plc accounted for 588.605 million shares worth N16.568 billion in 4,120 deals, indicating 33.65 per cent and 53.14 per cent to the total equity turnover volume and value respectively.
A review of the trading for the week indicated that 49 equities appreciated in price during the week, against 25 in the previous week.
The result showed that 29 equities depreciated in price, compared 48 equities of the previous week, while 91 equities remained unchanged lower than ninety-four (94) equities recorded in the preceding week An analysis of the transactions showed that Japaul Oil and Maritime Services Plc led gainers table, during the week, improving by 40.91 per cent or N0.09 kobo to close at N0.13 kobo, Prestige Assurance Company Plc followed with a gain of 39.58 per cent or N0.19 kobo to close at N0.67 kobo, Nascon Allied Industries Plc appreciated by 17.89 per cent or N3.40 kobo to close at N22.40 kobo.
Other companies appreciated in price were C&I Leasing 17.52 per cent, Dangote Flour Mills Plc 17.13 per cent, Lafarge Africa Plc 17.06 per cent, Dangote Sugar Refinery Nigeria Plc 14.61 per cent, Fidelity Bank Plc 14.57 per cent, Transnational Corporation of Nigeria Plc 14.40 per cent, Nigerian Breweries Plc 13.59 per cent.
NPF Microfinance Bank Plc on the contrary.
recorded the highest loss for the week, declining by 14.51 per cent or N0.28 kobo to close at N1.63 kobo, Consolidated Hallmark Insurance trailed with a loss of 12.90 per cent or N0.04 kobo to close at N0.27 kobo, First Aluminium Nigeria Plc declined by 9.09 or N0.04 kobo to close at N0.40 kobo.
Other firms that recorded price depreciation were Lasaco Assurance Plc 7.89 per cent, Presco Plc 6.20 per cent, May & Baker Nigeria Plc 5.66 per cent, Mutual Benefits Assurance Plc 5.26 per cent, PZ Cussons Nigeria Plc 5.03 per cent, Guinea Insurance Plc 5.0 per cent, Skye Shelter Fund Plc 5.00 per cent.
Also traded during the week were a total of 202,916 units of Exchange Traded Products (ETPs) valued at N1.168 million executed in 19 deals, compared with a total of 22,080 units valued at N39