Investors stake N13.84 billion in equities in one week

Godwin Emefiele, CBN governor.

Godwin Emefiele, CBN governor.

Transactions’ volume on the floor of the Nigerian Stock Exchange witnessed a decline last week, as a turnover of 1.457 billion shares worth N13.803 billion changed hands in 13,648 deals, lower than 1.174 billion shares valued at N13.846 billion, exchanged in 13,870 deals, during the preceding week.

Last week, the financial services industry (measured by volume) led the activity chart with 993.154 million shares valued at N4.417 billion traded in 7,283 deals; thus contributing 68.18per cent and 32.00per cent to the total equity turnover volume and value respectively.

The consumer goods industry followed with 352.118 million shares worth N6.935 million in 2,979 deals.

The conglomerates industry ranked third with a turnover of 49.140 million shares worth N193.919 million in 659 deals.

Trading in the top three equities- Continental Reinsurance Plc, Champion Breweries Plc and Tiger Branded Consumer Goods Plc (measured by volume) accounted for 569.712 million shares worth N1.141 billion in 543 deals, contributing 39.11per cent and 8.27per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 6,372 units of Exchange Traded Products (ETPs) valued at
N445,625.60 executed in 32 deals, compared with a total of 318,734 units valued at N1.469 million transacted last week in 50 deals.

There was no transaction recorded on bonds this week. However, a total of 10,501 units of Federal
Government Bonds and one State Government Bond valued at N12.024 million were transacted last week in five deals.

The Exchange’s All-Share Index and market capitalisation depreciated by 2.69per cent to close the week at 26,537.36 and N9.124 trillion respectively.

Similarly, all other Indices finished lower during the week, with the exception of NSE Insurance and NSE
Oil and Gas Indices that rose by 1.02per cent and 0.23 per cent respectively, while the NSE ASeM Index closed flat.

Also, 27 equities appreciated in price during the week, higher than 25 equities of the preceding week. 41 equities depreciated in price, higher than 37 equities of the previous week, while 122 equities remained unchanged, higher than 128 equities recorded in the preceding week.

A total volume of 20 million and 30 million units were added to the following bonds: 14.20per cent
FGN Mar 2024 and 15.54per cent FGN Feb 2020 respectively on Thursday, 17th December 17, 2015.

The Nigerian Mortgage Refinance Company Plc’s N8 Billion, 14.9per cent Fixed Rate Bond, Due
2030 Under the N140 Billion Medium Term Note Programme was listed on Thursday, December 17, 2015.

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