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May & Baker, others top gainers’ list on Exchange

May-and-Baker-Nigeria-Plc
May & Baker Plc traded higher at the end of last week transaction on the trading floor of the Nigerian Stock Exchange (NSE). It led nine others with 22.22 per cent to close at N0.99 per share.

Following May & Baker last week was Conoil , adding 15.65 per cent to close at N23.79 per share.

Other gainers of last week’s transactions include Cutix, Diamond Bank, Union Bank, adding 7.33 per cent, 7.14 per cent and 5.95 per cent to close at N1.61, N1.20 and N4.45 per share.

Guinness gained 5.65 per cent to close at N100.00 per share. Oando appreciated by 5.04 per cent to close at N5.00 per share. TransNationwide Express garnered 4.90 per cent to close at N1.07 per share.

Ikeja Hotel added 4.49 per cent to close at N1.86 per share. United Bank for Africa also gained 3.92 per cent to close at N4.51 per share.

Consequently, a turnover of 1.183 billion shares worth N10.300 billion was recorded in 16,522 deals by investors on the Exchange last week, in contrast to a total of 1.115 billion shares valued at N13.817 billion that exchanged hands in 16,083 deals during the week ended September 2, 2016.

Last week, the financial services industry (measured by volume) led the activity chart with 1.015 billion shares valued at N7.136 billion traded in 11,012 deals; thus contributing 85.83 per cent and 69.28 per cent to the total equity turnover volume and value respectively.

The conglomerates industry followed with 69.777 million shares worth N473.308 million in 564 deals.

The third place was occupied by the services industry with a turnover of 42.223 million shares worth N75.881 million in 202 deals.

Trading in the top three equities namely – United Bank for Africa Plc, Guaranty Trust Bank Plc and FBN Holdings Plc (measured by volume) accounted for 444.004 million shares worth N4.958 billion in 4,153 deals, contributing 37.53 per cent and 48.13 per cent to the total equity turnover volume and value respectively.

Also traded during the week were a total of 943 units of Exchange Traded Products (ETPs) valued at N1.357 million executed in 28 deals, compared with a total of 29,242 units valued at N283,495.57 transacted during the preceding week in 42 deals.

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