Monday, 18 November 2013

NSE Capitalisation Gains N17bn

The Nigerian Stock Exchange (NSE) sustained its bullish trend despite negative market breadth during the week as market capitalisation gained N17 billion to close the week at N12.117. Similarly, the All-shares Index appreciated by 12.66 points, which translated to 0.03 percent to close at 37,883.53 as against 37,870.87 points recorded open the week.
The market breadth during the week recorded 28 equities appreciated in prices, 50 equities depreciated in prices while 119 equities remained unchanged higher. For the sectoral indices, three of the indices appreciated during the week, the NSE Banking, NSE Oil/Gas and NSE Industrial Goods indices went up by 0.86 per cent, 11.55 per cent and 2.85 per cent respectively.
However, NSE 30, NSE Consumer Goods, NSE Insurance, NSE Lotus II and NSE-ASeM indices slipped by 1.04 per cent, 3.95 per cent, 0.61 per cent, 1.73 per cent and 0.35 per cent respectively.

The market for the week recorded a turnover of 1.585 billion shares worth N15.846 billion in 23,453 deals were traded by investors on the floor of the exchange in contrast to a total of 1.834 billion shares valued at N22.961 billion that exchanged hands last week in 23,840 deals.
The financial services sector remained the most active for the week with 842.828 million shares valued at N6.060 billion traded in 11,643 deals; thus contributing 53.18 per cent and 38.24per cent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with a turnover of 352.240 million shares worth N1.251 billion in 1,583 deals; contributing 22.22 per cent and 7.90 per cent to the total equity turnover volume and value respectively. The third place was occupied by the ICT Industry with 108.423 million shares worth N565.405 million in 197 deals.
Transnational Corporation of Nigeria Plc led the price gainers chart, rising by N1.37 kobo per share. From the opening value of N2.26 kobo, the company closed the week’s trading at N3.63 kobo. The price appreciation recorded by the company represents 60.62 percent. Conoil Plc followed with a gain of N24.52 kobo per share to closed trading at N76.00 kobo per share. It was followed by MRS Oil Nigeria Plc with a gain of N10.72 kobo to close at N52.51 kobo.
Conversely, Neimeth International Pharmaceuticals Plc led on the losers table, shedding N0.21 kobo per share for the opening value of N1.20 kobo, the company closed trading at N0.99 per share. The value depreciation recorded by the company represented17.50 percent. It was followed by UBA Capital Plc, went down by N0.17 kobo per share to closed transaction at N1.26 kobo.
Source: Leadership

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