By CHRIS UGWU
Trading activities on the floor of the Nigerian Stock Market continued on the upswing as the NSE All-Share Index and market capitalization appreciated by 1.52 per cent and 1.53 per cent to close last week at 37,425.15 and N12.899 trillion respectively.
Similarly, all other Indices finished higher last week with the exception of the NSE Banking and the NSE Oil/Gas Index that depreciated by 1.64 per cent and 3.05 per cent respectively, while the NSE ASeM Index closed flat.
A total turnover of 2.518 billion shares worth N114.117 billion in 23,546 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 2.211 billion shares valued at N30.636 billion that exchanged hands last week in 26,287 deals.
Further analysis showed that the financial services Industry (measured by volume) led the activity chart with 1.507 billion shares valued at N16.354 billion traded in 12,511 deals; thus contributing 59.85 per cent and 14.33 per cent to the total equity turnover volume and value respectively. The Industrial Goods Industry followed with 441.914 million shares worth N89.356 million in 1,282 deals. The third place was occupied by Conglomerates Industry with a turnover of 184.608 million shares worth N701.665 million in 929 deals.
Trading in the top three equities namely, Dangote Cement Plc, Access Bank Plc and Zenith International Bank Plc. (measured by volume) accounted for 833.966 million shares worth N95.969 billion in 3,203 deals, contributing 33.12 per cent and 84.10 per cent to the total equity turnover volume and value respectively.
Thirty-eight equities appreciated in price last the week, lower than 51 equities of the previous week. Twenty-eight equities depreciated in price, higher than 23 equities of the previous week, while 105 equities remained unchanged higher than 97 equities recorded in the preceding week.
Also traded during the week were a total of 1.166 million units of Exchange Traded Products (ETPs) valued at N16.169 million executed in 17 deals compared with a total of 1.732 million units valued at N13.711 million transacted the previous week in 19 deals.
A total of 5,850 units of Federal Government Bonds valued at N5.702 million were traded last week in seven deals, compared with a total of 750 units valued at N695,229.29 transacted the previous week in 8 deals.
A total volume of 160,770 and 239,803 units of 13.386 per cent FGS July 2019 and 14.386 per cent FGS July 2020 FGN Savings Bond were admitted to trade at the Exchange on Tuesday, 1st of August, 2017.
A total volume of 1,000,000,000 Ordinary Shares of 50k at 75k were added to the shares of Livestock Feeds Plc on Tuesday, 1st August, 2017, thus bringing its total outstanding shares to 2,999,999,418 units.
Also, a total volume of 8,115,300, 77,262,202, 119,843,000 units were added to the following bonds 14.50 per cent FGN JUL 2021, 16.2884 per cent FGN MAR 2027 and 16.2499 per cent FGN APR 2037 respectively on Friday 28th July, 2017.