Financial stocks make 89.4 % of NSE’s turnover

nigerian_stock_exchangeThe financial services sector dominated, in volume term transactions on the Nigerian Stock Exchange last week.
   
Specifically, the sector led the activity chart with 1.319 billion shares valued at N5.590 billion in 9,955 deals; thus contributing 89.36 per cent and 69.94 per cent to the total equity turnover volume and value respectively.
 
The conglomerates industry followed with 50.809 million shares worth
N108.297 million in 557 deals. The consumer goods industry ranked third with a turnover of 49.655 million shares worth N1.376 million in 2,434 deals.
   
Trading in the top three equities namely – Wapic Insurance Plc, FCMB Holding Plc and Access Bank Plc accounted for 578.238 million shares worth N933.534 million in 1,424 deals, contributing 39.18per cent and 11.68 per cent  to the total equity turnover volume and value respectively.
   
A turnover of 1.476 billion shares worth N7.992 billion were recorded in 15,743 deals last week by investors on the floor of the Exchange in contrast to a total of 4.476 billion units valued at N11.742 billion that changed hands in 14,124 deals during the preceding week.
   
Also traded during the week were a total of 40,021 units of Exchange Traded Products (ETPs) valued at N1.885 million executed in 44 deals, compared with a total of 14,844 units valued at N14.134 million transacted last week in 29 deals.
   
A total of 4,063 units of Federal Government Bonds valued at N4.903 million were traded in three deals compared to a total of 4,990 units of Federal Government Bonds valued at N5.799 million transacted last week in two deals.
   
The NSE All-Share Index and market capitalisation appreciated by 6.57 per cent and 6.55 per cent close the week at 25,820.10 and N8.882 trillion respectively.
   
Similarly, all other Indices finished higher during the week, with the exception of the NSE-Main Board Index, NSE Consumer Goods Index and NSE Oil/Gas Index that depreciated by 0.54 per cent, 1.36 per cent and 6.10 per cent respectively while the NSE ASeM Index closed flat.
   
35 equities appreciated in price during the week, higher than 21 equities of the previous week. 24 equities depreciated in price, lower than 35 equities of the previous week, while 130 equities remained unchanged, lower than 134 equities recorded in the previous week.
   
A total of 1,500,000,000 units of Intercontinental Bank Plc Preference Shares were delisted from the Daily Official List on Tuesday 2March, 2016.
   
Another 913,907,131 units of Ordinary Shares of 50 kobo each belonging to Wema Bank Plc representing the unpaid portion allotted to SW8 Investment Limited in May 2009 was reversed in compliance with CBN’s directive was delisted from the shares outstanding of the
company.
   
The new outstanding shares now stood at 38,574,466,082 units. A total of 9,758,000 unit of Transcorp Hotels Plc valued at N9, 758,000,000 (Series 2) Five Year 15.50 per cent Fixed Rate Unsecured Bonds Due 2020 under a N30 Billion Medium Term Bond Programme was admitted to trade at the Exchange on March 1,
2016.



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