NSE: Equity return to bullish trend, gains N198bn

Investment in the nation’s equity market last week closed in an upward trend, appreciating by N198 billion. Specifically, market capitalisation of listed equities increased by 1.34 per cent to N14.940 trillion from N14.742 trillion reported the previous week.
The Nigerian Stock Exchange All Share Index increased by 430 basis points to 41244.89 points from 40814.89 recorded the previous week. Similarly, all other indices finished higher with the exception of NSE Premium, NSE AseM, NSE Insurance, and NSE Industrial Goods indices that depreciated by 0.92 per cent, 0.82 per cent, 1.57 per cent and 4.89 per cent respectively.
NSE Corporate Governance index grew by 30.37 to 1669.55, NSE Main Board index gained 54.48 to 1,839.20, NSE 30 index added 34.48 to 1875.32, NSE Banking 3.44 to N517.48 points, NSE Consumer goods index advanced by 60.03 to 1022.70 points, NSE Oil and Gas index went up by 11.46 to 364.28 points, NSE Lotus II gained 51.79 basis points to 2696.32, NSE Pension index 14.80 to 1603.74 points.
The trading for the week showed that investors traded turnover of 1.825 billion shares worth N24.653 billion in 23,148 deals in contrast to a total of 3.008 billion shares valued at N30.296 billion that exchanged hands last week in 24,036 deals. The Financial Services Industry led the activity chart with 1.360 billion shares valued at N14.642 billion traded in 12,118 deals, contributing 74.51 per cent and 59.40 per cent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 124.816 million shares worth N6.910 billion in 3,709 deals. The third position went to Oil and Gas industry with a turnover of 112.479 million shares worth N1.389 billion in 3,429 deals. Trading in the top three equities namely–Law Union and Rock Insurance Plc, FBN Holdings Plc, and Zenith International Bank Plc accounted for 581.018 million shares worth N7.098 billion in 4,283 deals, contributing 31.83 per cent and 28.79 per cent to the total equity turnover volume and value respectively An analysis of the transactions indicated that 33 equities appreciated in price against 36 in the previous week.
The result further showed that 41 companies depreciated in price, higher than 33 reported the previous week, while 95 equities remained unchanged lower than 100 equities recorded in the preceding week. Further analysis showed that Forte Oil Plc led gainers table, increasing by 20.69 per cent or N7.75 points to close at N45.20 kobo, Nestle Nigeria Plc followed with a gain of N13.53 per cent or N192.50 kobo to close at N1615.00 while Learn Africa Plc increased by 12.50 per cent or N0.15 kobo to close at N1.35 kobo.
Other companies appreciated in price were Veritas Kapital Assurance Plc 12.00 per cent, Consolidated Halmark insurance Plc 10.34 point, International Breweries 9.05, N. E. M Insurance Company Nigeria Plc 8.78 per cent, Linkage Assurance Plc 7.59 per cent, Epic Insurance Plc 7.55 per cent and Honey Well Flour Mills Plc 7.06 per cent. On the contrary, Unity Bank Plc topped losers chart, dropping by N21.26 per cent or N0.27 kobo to close at N1.00, Glaxosmith Kline Consumer Nigeria Plc trailed with a loss of 20.79 or NN6.30 kobo to close at N24.00, Jaiz Bank down by 17.44 per cent or N0.15 kobo to close at N0.71 kobo. Other firms depreciated in price were were Mutual Benefits Assurance Plc 17.24 per cent, Skye Bank Plc 14.74 per cent, NPF Microfinance Bank Plc 13.37 , Continental Reinsurance 13.14 per cent. Wema Bank Plc 10.64 per cent, Fidson Healthcare Plc 9.60 per cent and Lafarge Africa Plc 8.60 per cent. Also traded during the week were a total of 56,260 units of Exchange Traded Products (ETPs) valued at N376,387.48 executed in six deals, compared with a total of 177,144 units valued at N2.809 million that was transacted last week in six deals. A total of 725 units of Federal Government Bonds valued at N660,984.55 were traded this week in 10 deals, compared with a total of 13,735 units valued at N14.128 million transacted last week in 16 deals.

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