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Unity Bank leads gainers as NSE records N18.8 billion turnover

Doyen of Stockbrokers, Willie Sam Ndata (left);President, Chartered Institute of Stockbrokers (CIS), Olunseyi Abe; Acting Head, Corporate Services Division, Pai Gamde;  Chief Executive Officer, Nigerian Stock Exchange (NSE), Oscar N. Onyema; Executive Director, Market Operation and Technology, NSE, Ade Bajomo; Head, Council Secretariat/Council Secretary, NSE, Mojisola Adeola; and Head, Securities and Exchange Commission (SEC), Lagos Zonal Office, Steven Falomo, at the Induction Ceremony for Newly Qualified Authorised Dealing Clerks at the NSE on Friday.

Doyen of Stockbrokers, Willie Sam Ndata (left);President, Chartered Institute of Stockbrokers (CIS), Olunseyi Abe; Acting Head, Corporate Services Division, Pai Gamde;  Chief Executive Officer, Nigerian Stock Exchange (NSE), Oscar N. Onyema; Executive Director, Market Operation and Technology, NSE, Ade Bajomo; Head, Council Secretariat/Council Secretary, NSE, Mojisola Adeola; and Head, Securities and Exchange Commission (SEC), Lagos Zonal Office, Steven Falomo, at the Induction Ceremony for Newly Qualified Authorised Dealing Clerks at the NSE on Friday.

Transactions in the shares of Unity Bank Plc emerged the highest price gainer at the end of last week’s transactions on the Nigerian Stock Exchange.
It led other stocks with 15.63 per cent to close at N0.74 per share. Following Unity Bank was Oando, adding 12.47 per cent to close at N5.14 per share.
Stanbic IBTC gained 8.57 per cent to close at N17.48 per share. Champion Breweries garnered 8.26 per cent to close at N2.49 per share.

Forte Oil added 8.09 per cent to close at N71.88 per share. Wema bank gained 7.84 per cent to close at N0.55 per share. NPF Micro Finance Bank added 6.67 per cent to close at N1.12 per share.

Total gained 6.39 per cent to close at N298.96 per share. Neimeth appreciated by 4.29 per cent to close at N0.73 per share. Seplat added 4.11 per cent to close at N380 per share.

Consequently, a total of 990.584 million shares worth N18.823 billion were traded in 14,917 deals by investors on the floor of the Exchange last week.
The volume shares traded was, however, higher than the 1.340 billion units, valued at N8.903 billion that changed hands in 15,733 deals during the preceding week.

Last week, the financial services industry led the activity chart in volume terms with 664.647 million shares valued at N3.896 billion traded in 8,056 deals; thus contributing 67.10 per cent and 20.70 per cent to the total equity turnover volume and value respectively.

The consumer goods industry followed with 133.641 million shares worth N2.602 billion in 2,653 deals. The conglomerates industry ranked third with a turnover of 63.189 million shares worth N88.834 million in 635 deals.

Trading in the top three equities namely – Zenith International Bank Plc, Champion Breweries Plc, and Diamond Bank Plc accounted for 252.189 million shares worth N1.822 billion in 1,841 deals, contributing 25.46 per cent and 9.68 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 8,519 units of Exchange Traded Products (ETPs) valued at N527,483.35 executed in 10 deals, compared with a total of 44 units valued at N79,568.30 transacted last week in 12 deals

A total of 59,299 units of Federal Government Bonds valued at N56.379 million were traded this week in six deals, compared with a total of 6,449 units valued at N6.652 million transacted last week in nine deals.

The NSE All-share index and market capitalisation appreciated by 0.40 per cent to close the week at 26,328.22 and N9.059 trillion respectively.
Similarly, all other Indices finished higher during the week with the exception of the NSE Premium Index that depreciated by 0.13 percent while the NSE ASem Index closed flat.

A total volume of 5,970,000 units at N100 each belonging to the SIAML Pension ETF 40 were admitted to trade at the Exchange on Tuesday January 24, 2017.
Trans-Nationwide Express Plc (Tranex) through its stockbroker; Meristem Stockbrokers Limited, submitted an application to the Exchange for approval and listing of a rights issue.

Of 298,230,000 ordinary shares of 50 Kobo each at 80 Kobo per share on the basis of three new ordinary shares for every two ordinary shares held. According to the Exchange, the qualification date for the rights issue was Wednesday, January 25, 2017.

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