AT the close of business on Friday, the week ended February 18, 2022 the market report revealed that Abbey Mortgage Bank Plc, listed additional shares of 3.7 billion that is rights issue of 3,692,307,692 ordinary shares of 50 Kobo each.
Trading Licence Holders were notified that additional 3,692,307,692 ordinary shares of Abbey Mortgage Bank Plc. (the Company) were on Wednesday, 16 February 2022 listed on the Daily Official List of the Nigerian Exchange Limited (NGX).
The additional shares listed on NGX arose from the Company’s Rights Issue at 82 kobo per share on the basis of four (4) new ordinary shares for every seven (7) ordinary shares held as at Friday, 8 October 2020.
With this listing of additional 3,692,307,692 ordinary shares, the total issued and fully paid-up shares of Abbey Mortgage Bank Plc have now increased from 6,461,538,462 to 10,153,846,154 ordinary shares of 50 kobo each.
However, a total turnover of 1.713 billion shares worth N30.764 billion in 24,767 deals was traded in the just concluded week by investors on the floor of the Exchange, in contrast to a total of 1.331 billion shares valued at N22.700 billion that exchanged hands the previous week in 27,822 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.064 billion shares valued at N12.201 billion traded in 11,708 deals; thus contributing 62.14 per cent and 39.66 per cent to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 156.077 million shares worth N5.004 billion in 4,877 deals.
The third place was The Conglomerates Industry, with a turnover of 113.554 million shares worth N309.833 million in 1,062 deals.
Trading in the top three equities namely Access Bank Plc, Guaranty Trust Holding Company Plc and Fidelity Bank Plc, (measured by volume) accounted for 500.778 million shares worth N7.455 billion in 3,603 deals, contributing 29.23 per cent and 24.23 per cent to the total equity turnover volume and value respectively.
On the ETP, a total of 10,633 units valued at N1.181 million were traded this week in 27 deals compared with a total of 31,239 units valued at N37.245 million transacted last week in 53 deals.
Bonds on the other hand recorded a total of 40,892 units valued at N44.706 million were traded this week in 22 deals compared with a total of 79,150 units valued at N83.791 million transacted last week in 25 deals.
The NGX All-Share Index and Market Capitalization depreciated by 0.13 per cent and 0.12 per cent to close the week at 47,140.48 and N25.406 trillion respectively.
However, all other indices finished higher with the exception of NGX Premium, NGX Banking, NGX AFR Bank value, NGX Oil & Gas and NGX Industrial Goods which depreciated by 0.29 per cent, 0.74 per cent, 0.86 per cent, 3.45 per cent, and 0.32 per cent respectively while the NGX Main Board, NGX Asem, NGX Growth and NGX Sovereign Bond Indices closed flat.
