NSE index, capitalization up by 3.5%
THE Nigerian Stock Exchange (NSE) All Share Index and Market Capitalisation, last week, rose by 3.52 per cent each.
The index, which opened during the week under review at 34.488.52 points, appreciated by1,092.40 points to close on Friday at 35,580.92 points, while market capitalization opened at N4.552 trillion and appreciated by over N261 billion to close at N4.81 trillion.
Accordingly, 65 stocks appreciated in price during the week under review, higher than the 57 in the preceding week.
Specifically, Cadbury Nigeria Plc led the price gainers’ chart rising by N9.16 per share to close at N43.05 per share, followed by United Bank for Africa (UBA) Plc gaining N7.44 per share to close at N34.44 per share.
Other price gainers in the top 10 category include: Nestle Nigeria Plc (+N7.00); WAPCO Plc (+N6.38); First Bank Nigeria Plc (+N5.09); Conoil Plc )+N3.79); Nigeria Breweries Plc (+N3.68); Nigerian Aviation Handling Company Plc (+N3.56); 7-Up Bottling Company Plc (+N3.44) and Benue Cement Company Plc making the bottom with a N3.22 gain.
On the other hand, 26 stocks depreciated in price during the week under review, higher than the 25 in the preceding week.
On top of the price losers chart is Total Nigeria Plc, which recorded a loss of N11.01 per share to close at N183.99 per share while Ecobank Transnational Incorporated (ETI) followed with a loss of N9.55 per share to close at N246.00 per share.
Other price losers on the stock market include: Oceanic Bank Plc (-N2.07); Northern Nigeria Flour Mills Plc (-N1.60); Guinness Nigeria Plc (-N1.28); Flour Mills of Nigeria Plc (-N1.00); Spring Bank Plc (-N0.88k) while Presco Plc recorded a loss of 52 kobo.
However, the price of Oceanic Bank was adjusted for dividend of 42 per share and a bonus of one for four as recommended by the bank’s Board of Directors. A total of 2,328,401,325 shares were added to the shares outstanding in the name of Oceanic Bank following the bonus declared.
Similarly, a total of 1,786,533,505 shares were added to the shares outstanding in the name of UNIC Insurance Plc following the conclusion of its public offering.
Meanwhile, a total turnover of 1.43 billion shares worth N26.53 billion in 41.358 deals were recorded during the week under review, in contrast to a total of 1.25 billion shares valued at N17.8 billion exchanged in the preceding week.
Expectedly, the banking sub-sector was the most active during the week (measured by turnover volume), with 1.2 billion shares worth N20.81 billion exchanged by investors in 27,757 deals. Moreover, volume in the banking sector was largely driven by activity in the shares of UBA, Oceanic Bank and Fidelity Bank respectively.