Sunday, 2 June 2013

Unity Bank, UBA top activities on NSE this week, as All-Share Index up 1.19%

WorldStage Newsonline-- A turnover of 1.503 billion shares worth of N14.109 billion in 24,007 deals were traded this week by investors on the floor of The Nigerian Stock Exchange in contrast to a total of 2.120 billion shares valued at N25.676 billion that exchanged hands last week in 31,806 deals.
The Market opened for four days this week as the Federal Government of Nigeria declared Wednesday May 29, 2013 a public holiday to mark the Democracy Day Celebrations.
The Financial Services sector (measured by volume) led the activity chart with a turnover of 1.070 billion shares valued at N7.844 billion traded in 12,406 deals. The Financial Services sector represented 71.65% and 55.60% of the total traded volume and value respectively.
The Banking subsector of the Financial Services sector boosted by activity in the shares of Unity Bank Plc and U B A Plc was the most active subsector on the week’s activity chart with subsector turnover of 811.929 million shares valued at N6.059 billion exchanged hands by investors in 8,834 deals. Also, the Banking subsector accounted for 54.02% and 42.95% of the total subsector traded volume and value respectively.

Traded during the week were 52 units of NewGold Exchange Traded Funds (ETFs) valued at N111, 579 executed in 3 deals compared with a total 44 units valued at N93, 588 transacted last week in 4 deals.
Also, 300 units of FGN bonds valued at N33,242 were traded during the week in 3 deals in contrast to 1,300 units valued at N148,039 transacted last week in 13 deals.
The NSE All-Share Index appreciated by 1.19% to close on Friday at 37,794.75 while the market capitalization of the listed equities on the mainboard advanced by 1.14% to close at N12.075 trillion. Also, the NSE 30 Index appreciated by 1.05% to close at 1,809.91.
All except one of the NSE sectoral indices appreciated same as the preceding week: NSE Consumer Goods, NSE Banking, NSE Insurance Index, NSE Oil/Gas, NSE-Lotus II and NSE Industrial Goods Indices advanced by 0.66%, 0.19%, 1.17%, 0.58%, 0.62%, and 1.68%. However, NSE-ASeM Index depreciated by 0.95%.
Forty equities appreciated in prices during the week lower than 44 equities of the preceding week. Thirty-six equities depreciated in prices lower than 46 equities of the preceding week, while 119 equities remained constant higher than 105 equities of the preceding week.
140,000,000 ordinary shares of CAP Plc resulting from the scrip issue of 1 for 4 were added to the outstanding shares of the company on May 27, 2013.
Also, 320,144,064 ordinary shares of U A C N Plc resulting from bonus issue of 1 for 5 were added to the outstanding shares of the company on May 27, 2013.
Upon the maturity of 15.00% FGN MAY 2013 bond; the bond was accordingly delisted from trading on May 30, 2013.

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