Neimeth, Forte oil, others enhance NSE’s indices by 2.47%

Nigerian Stock Exchange

Neimeth International Pharmaceutical closed higher at the end of transactions on Friday, at the trading floor of the Nigerian Stock Exchange. It led others with 24.62 per cent to close at N0.81 per share.

Following Neimeth last week was Unity Bank, adding 19.67 per cent to close at N0.73 per share. Forte Oil appreciated by 15.34 per cent to close at N56.17 per share. Avon Crowncap and Containers garnered 14.56 per cent to close at N1.18 per share. NEM Insurance gained 14.14 per cent to close at N1.13 per share.

Ecobank Transnational Incorporated, Mobil Oil, and Flour Mills added 14.04, 9.91 and 9.75 per cent to close at N14.13, N260.00 and N25.00 per share, respectively.
Seven-Up gained 8.82 per cent to close at N89.23 per share while Access Bank added 8.43 per cent to close at N9.90 per share.

Consequently, a turnover of 1.272 billion shares worth N13.993 billion were traded in 19,385 deals by investors on the floor of the Exchange. The amount was higher than a total of 1.061 billion shares valued at N12.295 billion that changed hands in 18,847 deals during the preceding week.

Specifically, the financial services industry (measured by volume) led the activity chart with 1.086 billion shares valued at N9.743 billion traded in 11,229 deals; thus contributing 85.33 per cent to the total equity turnover volume.

The consumer goods industry followed with 44.786 million shares worth N1.536 billion in 2,853 deals. The third place was occupied by conglomerates industry with a turnover of 38.104 million shares worth N75.759 million in 727 deals.

Trading in the top three equities namely – United Bank for Africa Plc, FBN Holdings Plc, and Zenith International Bank Plc (measured by volume) accounted for 505.388 million shares worth N5.454 billion in 4,009 deals, contributing 39.73 per cent to the total equity turnover volume.

Also traded during the week were a total of 25,540 units of Exchange Traded Products (ETPs) valued at N2.646 million executed in 10 deals compared with a total of 5 units valued at N484.85 transacted last week in 1 deal.

A total of 2,977 units of Federal Government Bonds valued at N2.946 million were traded last week in 11 deals, compared with a total of 358 units valued at N344,610.97 transacted last week in seven deals.

The NSE All-Share Index and market capitalisation appreciated by 2.47 per cent to close the week at 33,261.66 and N11.464 trillion respectively.

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