MTN Nigeria, GTBank, others lift equities market by 0.69%  


By Kayode Tokede

Gain in share prices of MTN Nigeria plc, United Bank for Africa plc (UBA), Guaranty Trust Bank plc (GTBank) and Forte Oil lifted the equities market performance to 0.69 per cent.

The equities market measuring parameter, The Nigerian Stock Exchange All-Share Index (NSE ASI)gained 0.69 per cent or 203.15basis points to from 29,415.39 the market opened for trading last week to 29,618.52 basis points.

Consequently, the market capitalization gained N81 billion or 0.53per cent to close at N15.256 trillion from N15.175trillion the equities market opened for five-day active trading.

Nigrian NewsDirect can report that other indices finished lower with the exception of NSE 30, NSE CG, NSE Premium, NSE Banking, NSE AFRI Bank Value, NSE MERI Value and NSE Oil/Gas index, which appreciated by 0.66 per cent, 0.64 per cent, 3.85 per cent, 2.30 per cent, 2.67 per cent, 1.74 per cent and 0.57 per cent respectively while NSE ASeM Index closed flat.

According to the NSE weekly market report, a total turnover of 2.087 billion shares worth N26.470 billion in 24,262 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 2.683 billion shares valued at N32.646 billion that exchanged hands prior’s week in 30,956 deals.

The report stated that, “The Financial Services industry (measured by volume) led the activity chart with 1.117 billion shares valued at N13.693 billion traded in 13,739 deals; thus contributing 53.51per cent and 51.73per cent  to the total equity turnover volume and value respectively.

“The Healthcare industry followed with 521.893 million shares worth N182.965 million in 420 deals. The third place was Conglomerates industry, with a turnover of 123.606 million shares worth N573.907 million in 1,164 deals.

“Trading in the top three Equities namely, Union Diagnostic & Clinical Services Plc, Access Bank Plc and Zenith Bank Plc. (measured by volume) accounted for 877.992 million shares worth N8.399 billion in 5,251 deals, contributing 42.06per cent and 31.73 per cent to the total equity turnover volume and value respectively.”

However, a total of 8,871 units valued at N36.909 million were traded last week in 20 deals, compared with a total of 15,390 units valued at N13.095 million transacted prior week in 32 deals.

The report stated that a total of 53,219 units of Federal Government Bonds valued at N58.147 million were traded last week in 16 deals.