Investors stake N16.4b in equities in five days

Heavy transactions in the shares of some banks, especially United Bank for Africa, and Access Bank, last week, lifted the volume of shares traded, as a turnover of 1.394 billion shares worth N16.403 billion was recorded in 19,195 deals by investors on the floor of the Exchange.

This was in contrast to 872.892 million units valued at N14.016 billion that changed hands in 19,047 deals during the previous week.Last week, the financial services industry (measured by volume), led the activity chart with 1.116 billion shares valued at N10.153 billion traded in 9,942 deals; thus contributing 80.05 per cent and 61.90 per cent to the equity turnover volume and value respectively.

The consumer goods industry followed with 95.005 million shares worth N3.251billion in 4,443 deals. The third place was occupied by conglomerates sector with a turnover of 90.194 million shares worth N645.159 million in 1,136 deals.

Trading in the top three equities- United Bank for Africa Plc, Access Bank Plc and FBN Holdings Plc (measured by volume), accounted for 515.058 million shares worth N4.458 billion in 3,088 deals, contributing 36.95 per cent to the equity turnover volume.

Also traded during the week were a total of 104,544 units of Exchange Traded Products (ETPs) valued at N11.506million executed in seven deals compared with a total of 34,573 units valued at N2.091million transacted last week in 14 deals.

A total of 559 units of Federal Government Bonds valued at N485,802.83 were traded this week in five deals, compared with a total of 7,279 units valued at N7.139billion transacted last week in 12 deals

The NSE All-share index depreciated by 0.34 per cent, while the market capitalisation appreciated by 0.20 to close the week at 36,462.26 and N12.619trillion respectively.

In addition, all other Indices finished lower during the week with the exception of the NSE ASeM, NSE Banking, NSE Lotus II and NSE Pension Indices that appreciated by 0.18 per cent, 0.84 per cent, 0.57 per cent and 0.76 per cent respectively.

About 33 equities appreciated in price during the week, higher than 23 of the previous week, while 32 equities depreciated in price, lower than 34 equities of the previous week. Also, some 106 equities remained unchanged lower than 114 equities recorded in the preceding week.

Meanwhile, 684,494,631 ordinary shares of Guinness Nigeria Plc were listed on the daily official list of the Exchange on 25 October 2017. The additional shares listed arose from Guinness Nigeria’s rights issue of 684,494,631 ordinary shares of 50 kobo at N58 per share in the ratio of 5:11 ordinary shares held as at 15 March 2017.

With this listing of 684,494,631 ordinary shares, the total issued and fully paid up shares of Guinness has now increased from 1,505,888,188 to 2,190,382,819 ordinary shares.