Access Bank, GTB hit jackpot in shares worth N10.9bn

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By Ebenezer Adaramodu

Access Bank Plc, Guaranty Trust Bank Plc, and Jaiz Bank Plc emerged top three most traded equities as they hit shares worth N10.942 billion in 1,834 deals that were traded on the floor of the Nigerian Stock Exchange this past week.

The three equities, which were measured by volume, accounted for 450.567 million shares and contributed to 41.11% to the total equity turnover and 61.27% to the total equity value.

The major market indicator of the NSE, All-share Index (ASI) gained 483.24 points to close at 35,488.81 as against 35,005.57 it went down on Friday, 15 September, 2017.

The index appreciated by 1.38 percent with market capitalization closing the week at N12.234 trillion as against N12.068 trillion as against N12. 068 trillion recorded in the previous week.

The NSE Consumer goods and NSE oil/gas indices depreciated by 0.23% and 3.05% while all other indices finished higher during the week with the exception of NSE ASeM Index that closed flat.

Analysis of the price movement table indicated that Linkage Assurance Plc led the gainers’ table with a gain of 7 kobo to close at 66 kobo per share, Continental Reinsurance Plc came  behind after raking 14 kobo to close at N1.57 per share, Guaranty Trust Bank Plc grabbed N2.60 to close at N39.60 per share, C&I Leasing PLC gained 8 Kobo to close at N1.27 per share, Skye Bank PLC gained 3 kobo to close at 55 kobo per share, Unilever PLC rounded off the list of top gainers with N2.30 to close at N44.10 per share.

Conversely, Nigerian Enamelware Plc slipped by N4.64 to close at N23.23 per share, followed by Caverton Offshore Plc which went down by 11 kobo to close at N1.09 per share, Neimeth International Pharmaceutical further slipped by 6 kobo to close at 64 kobo per share, Transnational Corporation of Nigeria went down by 10 kobo to close at N1.23 per share, Cutix Plc rounded off the losers’ table with 20 kobo to close at N2.53 per share.

In all, 1.096 billion shares worth N17. 859 billion in 16,070 deals were traded this past week by investors on the floor of the exchange in contrast to a total of 896.618 million shares valued at N15.368 billion that exchanged hands in the previous week.

Federal Government bonds of 178 units valued at N163,407.05 were traded this past week in two deals, which is in contrast to a total of 5,290 units valued at N5.030 million exchanged last week in 15 deals.

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