- Market capitalization adds N874b
- Index up by 1,606.27bpt
AS at end of trading on the floor of the Nigerian Exchange yesterday, the twin market indicators both reflected 3.4 percent growth in three weeks of 17 trading sessions.
Market capitalization added N874 billion to close at N26.186 billion while the All-Share-Index improved by 1,606.27 basis points to close at 48,571.75 points. This growth can only be tied to the numerous positive financial reports reflected by most companies and the also various positive developments which translate into good returns for investors.
Yesterday, investors traded 246.704 million shares worth N2.321 billion across 5,033 deals. The financial sector as usual contributed the largest chuck with 83.888 million shares across 1,360 deals.
Meanwhile, in the just concluded week, a total turnover of 1.302 billion shares worth N17.813 billion in 20,212 deals was traded by investors on the floor of the Exchange, in contrast to a total of 1.247 billion shares valued at N22.372 billion that exchanged hands the previous week in 23,406 deals.
The Financial Services Industry (measured by volume) led the activity chart with 836.781 million shares valued at N6.007 billion traded in 9,527 deals; thus contributing 64.28 percent and 33.72 percent to the total equity turnover volume and value respectively.
The Oil and Gas Industry followed with 86.909 million shares worth N1.243 billion in 1,770 deals. The third place was The Consumer Goods Industry, with a turnover of 86.286 million shares worth N2.225 billion in 3,056 deals.
Trading in the top three equities namely Fidelity Bank Plc, Zenith Bank Plc and Universal Insurance Plc (measured by volume) accounted for 279.507 million shares worth N2.627 billion in 2,504 deals, contributing 21.47 percent and 14.75 percent to the total equity turnover volume and value respectively.
Specifically, 41 stocks reflected in price change with 18 appreciating while the remaining 23 reduced in value. Academy Press topped the gainers table with an increase of 9.92 percent to close at N1.33 followed by Wema Bank with price change of 9.88 percent to close N3.67.
A few others on this table were Cadbury, UPDC, Presco, Guinness, Neimeth, Dangote Sugar and Flourmills.
On the flip side, Ikeja Hotel led with a price gain of 9.68 percent to close at N1.40 followed by Livestock’s gain of 9.50 percent to close at N1.62. Also on the table were UBN, Oando, Zenith Bank, Jaize Bank, FBNH, Transcorp, NB, Fidelity, GTCO, NAHCO, FCMB, Unilever, Sterling Bank, Access Bank and ETI.
