Equities’ value on NSE rises by N112bn


NSE

By Lazarus IBEABUCHI

LAGOS-The Nigeria Stock Exchange continue to record an up surge in investors’ confidence, as the value of listed equities appreciated, last week, by N111.81 billion.
Specifically, equities’ value, represented by the market capitalisation and the All-Share index, rose by 1.5 per cent.
The market capitalisation which opened at N7.448 trillion, gained N111.81 billion, to close at N7.561 trillion; while the All-Share Index garnered 351.23 basis points to close at 23,750.81 points from 23,399.58 points at which it opened.
Forty two equities appreciated in price during the week, higher than thirty equities in preceding week. Nestle Nigeria Plc led on the gainers’ table, gaining N24.94 to close at N550.00 per share from N525.06 per share at which it opened; followed by Guinness Nigeria Plc, rising by N3.50 to close at N252 per share and Nigeria Breweries garnered N3.30 to close at N123.00 per share.
Other price gainers include: Chemical and Allied Products Plc N2.42, UAC Nigeria Plc N1.65, Seven-Up Bottling Company N1.50, Flour Mills Nigeria Plc N1.50, Okomu Oil Palm Plc N1.50, Glaxo Smithkline Consumer Plc N1.28 and Cadbury Nigeria Plc N1.20, among others.
On the other hand, 26 stocks depreciated in prices, lower than thirty-four in preceding week. PZ Cussons Nigeria Plc led on the losers’ table, shedding N1.12 to close at N22.86 per share; followed by Conoil Plc, dropping by N1.03 to close at N19.73 per share and Morison Industries Plc lost N0.71 to close at N12.73 per share.
Other price losers in the top 10 category include: Arbico Plc N0.66, Nigerian Aviation Handling Company Plc N0.60, Dangote Flour Mills Plc N0.35, May and Baker Nigeria plc N0.26, Dangote Sugar Refinery Plc N0.23, National Salt Company Nigeria Plc N0.19 and Red Star Express Plc N0.19
The volume of equities traded in the week under review, appreciated by 66.3 per cent, as investors exchanged 1.461 billion shares valued at N10.14 billion in 20,322 deals, in contrast to a turnover of 878.53 million shares valued at N9.907 billion in 11,633 deals in the penultimate week. The Financial Services sector was the most active during the week under review with 1.1 billion shares valued at N6.89 billion exchanged by investors in 12,030 deals.
Volume in the sector was largely driven by activity in Banking sub-sector, with 761.22 million shares valued at N6.70 billion in 11,311 deals. Shares of Zenith Bank Plc was the toast of investors in the sub-sector, recording 163.99 million shares valued at N2.53 billion in 1,421 deals, followed by First Bank Plc with a turnover of 103.003 million shares valued at N1.38 billion in 3,058 deals, and Access Bank Plc recording 70.86 million shares valued at N546.09 million in 941 deals.

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