UBA, Access Bank, FBN holdings emerge top three equities

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United Bank for Africa Plc, Access Bank PLC, and FBN holdings emerged the top three equities traded on the floor of the Nigerian Stock Exchange (NSE) this past week.

The three equities measured by volume accounted for 515.058 million shares worth N4.458bn in 3,088 deals, and contributed 36/95 percent and 21.17 percent to the total equity turnover volume and value, respectively.

Major market indicator of the Nigerian Stock Exchange, All Share Index (ASI) depreciated by 0.34 percent, while market capitalization appreciated by 0.20 percent to close the week at 36,462.26 basis points and N12.61tn, respectively.

All indices finished lower during the trading week with the exception of the NSE AseM, NSE banking, NSE Lotus II, and  NSE Pension indices that appreciated by 0.18 percent, 0.84 percent, 0.57 percent, and 0.76 percent, respectively.

Analysis of the price movement table indicated that NASCON Allied led the gainers’ table with a gain of N2.74 to close at N15.94 per share, UACN PLC came in behind after raking N1.94 to close at N18.05 per share, Dangote Flour Mills grabbed N1.35 to close at N8.24 per share, Dangote Sugar gained N1.18 to close at N15.20 per share, Glaxo SmithKline Plc rounded off the list of top gainers with N1.20 to close at N25.20 pershare.

Conversely, Total Nigeria Plc led the losers’ table as it slipped by N12.25 to close at N232.75 per share, followed by Nigerian Breweries Plc which went down by N8.01 to close at N152 per share, Forte Oil Plc also slipped by N6.36 to close at N38.29 per share, Larfarge Cement Plc slipped by N4 to close at N52 per share, Cutix Plc rounded off the list of losers’ table with 58 kobo to close at N2.02 per share.

In all, a total of 1.394 billion shares worth N16.403bn in 19, 195 deals were traded this past week by investors on the foor of the exchange which is in contrast to a total of 872.892 million shares valued at N14.016bn that exchanged hands in 19, 047deals in the previous week.

Federal Government Bonds of 559 units valued at N485.802.83 were traded this past week in five deals which is in contrast to a total number of 7,279 units valued at N7,139bn transacted in 12 deals in the previous week.

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