Activities at the Nigerian Stock Exchange (NSE) last week saw financial services Industry (measured by volume) led the activity chart with 899.307 million shares valued at N6.779 billion traded in 7,977 deals; thus contributing 76.78%.
Besides, trading lasted for only three days due to the Federal Government of Nigeria declared Monday 26th and Tuesday 27th, 2017 for public holidays to observe the end of the Muslims month of Ramadan and Id-el Fitr celebrations.
Besides, a total turnover of 1.171 billion shares worth N11.458 billion in 13,763 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.311 billion shares valued at N24.577 billion that exchanged hands last week in 27,836 deals.
The Financial Services Industry (measured by volume) led the activity chart with 899.307 million shares valued at N6.779 billion traded in 7,977 deals; thus contributing 76.78% and 59.16% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 111.022 million shares worth N189.462 million in 952 deals. The third place was occupied by Consumer Goods Industry with a turnover of 56.912 million shares worth N2.373 billion in 2,055 deals.
Trading in the Top Three Equities namely – United Bank for Africa Plc, Transnational Corporation of Nigeria Plc and Access Bank Plc (measured by volume) accounted for 499.566 million shares worth N3.717 billion in 2,954 deals, contributing 42.65% and 32.44% to the total equity turnover volume and value respectively.
Also traded during the week under review were a total of 869,680 units of Exchange Traded Products (ETPs) valued at N19.150 million executed in 16 deals compared with a total of 63,927 units valued at N841,330.04 transacted last week in 11 deals.
A total of 20 units of Federal Government Bonds valued at N16,486.85 were traded this week in 1 deal, compared with a total of 2,212 units valued at N2.098 million transacted last week in 7 deals.
The NSE All-Share Index and Market Capitalization appreciated by 3.10% to close the week at
33,117.48 and N11.452 trillion respectively.
Similarly, all other Indices finished higher during the week with the exception of the NSE Insurance Index that depreciated by 0.07% to close at 137.86.
40 equities appreciated in price during the week, higher than twenty-three (23) equities of the previous week. Twenty-eight (28) equities depreciated in price, lower than fifty-two (52) equities of the previous week, while one hundred and five (105) equities remained unchanged higher than ninety-eight (98) equities recorded in the preceding week.
Unilever Nigeria Plc through its Stockbroker; Stanbic IBTC Stockbrokers Limited, submitted an application to The Exchange for approval and listing of a Rights Issue of 1,961,709,167 Ordinary Shares of 50 Kobo each at N30.00 per share on the basis of 14 new ordinary share for every 27 ordinary share held. The Qualification Date for the Rights Issue was 28th June 2017.
