NSE’s turnover up by N25.9b
• Oando announces extension of acceptance period for offer
TRANSACTIONS in the shares of some companies, especially, Oando and Mutual Benefits Assurance, last week, lifted the volume of shares traded, a turnover of 2.119 billion shares worth N25.941 billion were traded this week in 21,044 deals by investors on the floor of the Exchange.
This volume of shares traded, was however, higher than a total of 1.663 billion shares valued at N16.585 billion that changed hands last in 23,591 deals during the preceding week.
Last week, the financial services industry (measured by volume) led the activity chart with 1.399 billion shares valued at N8.686 billion traded in 12,352 deals; thus contributing 66.02per cent and 33.49per cent to the total equity turnover volume and value respectively.
The oil and gas industry followed with a turnover of 440.331 million shares worth N9.691 billion in 1,681 deals. The third place was occupied by the Consumer Goods Industry with 100.492 million shares worth N5.384 billion in 3,392 deals.
Trading in the top three equities namely- Oando Plc, Mutual Benefits Assurance Plc, and Access Bank Plc (measured by volume) accounted for 930.333 million shares worth N8.953 billion in 1,956 deals, contributing 43.89per cent and 34.51per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 256 units of Exchange Traded Products (ETPs) valued at N317,430.39 executed in 21 deals compared with a total of 19,856 units valued at N1.429 million transacted last week in 31 deals
Similarly, a total of 43,850 units of 6 FGN bonds and 1 State bond valued at N40.472 million were executed in 7 deals compared with a total of 30,650 units of FGN bonds valued at N22.872 million transacted last week in 5 deals.
The NSE All-share index and market capitalization appreciated by 2.68per cent to close on Friday at 29,812.05 and N9.930 trillion respectively.
Similarly, all indices finished higher during the week with exception of the NSE Oil & Gas index that dipped by 1.36per cent , while NSE ASeM Index closed flat.
35 equities appreciated in price during the week higher than 15 equities of the preceding week. 31 equities depreciated in price lower than 53 equities of the preceding week, while 130 equities remained unchanged higher than 127 equities recorded in the preceding week.
Total amounts of N480,133,082,000.00; N434,684,128,000.00; and N206,000,000,000.00 were added to the following bonds: 15.10% FGN APR 2017, 14.20% FGN MAR 2024, and 12.1493% FGN JUL 2034 respectively on January 20th, 2015.
Meanwhile, Vetiva Securities Limited, has on behalf of Oando Plc, notified the Nigerian Stock Exchange that the Securities and Exchange Commission (SEC) has approved an extension to the acceptance period of the rights issue of 2,217,265,184 Ordinary Shares of 50 Kobo each at N22.00 per share by two (2) weeks.
The company explained that the offer, which was earlier scheduled to close on Wednesday 14 January 2015 would now end on Wednesday 28 January 2015.
It added that in line with the extension of acceptance period, trading in rights of the shares of Oando Plc on the secondary market has been extended by a corresponding period of two weeks.