UBA, Zenith, FirstBank in huge trading this week, as NSE All share index rises 1.26%
WorldStage Newsonline-- A turnover of 1.916 billion shares worth N16.664 billion in 23,143 deals was recorded this week on the Nigerian Stock Exchange, in contrast to 2.049 billion shares valued at N15.736 billion exchanged last week in 19,783 deals.
According to the data from the NSE, the Financial Services sector accounted for 1.655 billion shares valued at N12.013 billion traded in 14,561 deals. The Consumer Goods Sector followed with 113.365 million shares valued at N3.552 billion traded in 4,009 deals. Last week, the Financial Services sector led on the activity chart and was followed by the Consumer Goods sector.
The Banking subsector of the Financial Services sector was the most active during the week measured by turnover volume with 1.520 billion shares worth N11.940 billion exchanged by investors in 13,265 deals. Volume in the Banking subsector was largely driven by activity in the shares of United Bank for Africa Plc, Zenith Bank Plc and First Bank of Nigeria Plc. Trading in the shares of the three banks accounted for 875.54 million shares, representing 57.59per cent , 52.91per cent and 45.69per cent of the turnover recorded by the subsector, sector and total turnover for the week, respectively.
The Insurance Carriers, brokers and services subsector of the Financial Services sector, boosted by activity in the shares of AIICO Insurance Plc, followed on the week’s activity chart with a subsector turnover of 47.755 million shares valued at N23.918 million traded in 532 deals.
Last week, the Banking subsector led on the activity chart and was followed by the Insurance Carriers, brokers and services subsector.
Also traded during the week were 121 units of NewGold Exchange Traded Products (ETFs) valued at N303,730.00 exchanged in 4 deals. There were no transactions executed through the stock market in the Federal Government Development Stocks, State and Local Government Bonds and Corporate Bonds/Debentures Stocks sectors.
On the price movement table, NSE All-Share Index appreciated by 352.94 points or 1.62 per cent to close on Friday at 22,109.44 while the market capitalization of the 187 Main Board equities appreciated from N6.938 trillion to N7.051 trillion. Also, the NSE-30 Index appreciated by 12.59 points or 1.26per cent to close at 1008.52.
Last week, the NSE-ASI and NSE-30 Index appreciated by 4.89 per cent and 5.08per cent , respectively.
Three of the four sectorial indices appreciated during the week compared to two during the preceding week. The NSE Consumer Goods Index appreciated by 23.46 points or 1.33 per cent to close at 1,787.72. The NSE Banking Index appreciated by 5.78 points or 1.84per cent to close at 319.73. Also the NSE Oil/Gas Index appreciated by 13.19 points or 7.35per cent to close at 192.53. However, the NSE Insurance Index depreciated by 0.77 points or 0.61per cent to close at 124.94. Please note that the points and percentage changes in the NSE Indices were calculated by computing the daily changes in the index values .
Thirty-five equities appreciated in price during the week, higher than the 33 of the preceding week. Mobil Oil Nigeria Plc led on the gainers’ table with a gain of N13.53 or 10.24 per cent to close at N145.60 per share while Flour Mills Nigeria Plc followed with a gain of N5.00 or 9.26per cent to close at N59.00 per share.
Twenty-six stocks depreciated in price, lower than the 34 of the preceding week. CAP Plc led on the price losers’ table, dropping by N2.99 or 11.33per cent to close at N23.40 per share while Glaxo Smithkline Consumer Nigeria Plc followed with a loss of N1.20 or 5.85per cent to close at N19.30 per share.