Stock market appreciates 0.16%, W/W
By Philemon Adedeji
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalization appreciated by 0.16 per cent to close the week at 52,594.68 index points and N28.647 trillion respectively.
Similarly, all other indices finished higher with the exception of NGX CG, NGX Premium, NGX Banking, NGX Pension, NGX AFR Bank Value, NGX AFR Div. Yield, NGX MERI Value, NGX Consumer Goods, NGX Industrial Goods, NGX Insurance and NGX Growth indices which depreciated by 1.17 per cent, 1.18 per cent, 2.60 per cent, 0.64 per cent, 2.66 per cent, 2.05 per cent, 2.34 per cent, 0.40 per cent and 1.06 per cent respectively, while the NGX ASeM and NGX Sovereign Bond indices closed flat.
The week market performance indicated that a total turnover of 1.241 billion shares worth N15.668 billion in 18,560 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 1.286 billion shares valued at N29.634 billion that exchanged hands last week in 19,816 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.010 billion shares valued at N5.924 billion traded in 9,165 deals; thus contributing 81.37 per cent and 37.81 per cent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 46.761 million shares worth N112.918 million in 641 deals. The third place was the Consumer Goods Industry, with a turnover of 42.121 million shares worth N2.134 billion in 2,886 deals.
Trading in the top three equities namely Veritas Kapital Assurance Plc, Sterling Bank Plc, and Guaranty Trust Holding Company Plc, (measured by volume) accounted for 605.879 million shares worth N2.120 billion in 1,631 deals, contributing 48.82 per cent and 13.53 per cent to the total equity turnover volume and value respectively.
On the advancers table, International Energy Insurance led the advancers with 28.95 per cent increased to close at N0.49 from N0.38 per share it opened, MRS oil Nigerian Plc which followed appreciated by 13.48 per cent to close at N16.00 per share from N14.10 it opened, while Nigerian Aviation Handling Company which recorded as the last third gainer grew significantly by 12.86 per cent to close at N7.90 per share from N7.00 it opened.
Sunu Assurance Nigeria which recorded as the last fourth gainer rose by 12.12 per cent to close at N0.37 per share from N0. 33 it opened.
Abbey Mortgage Bank which recorded as the last fifth gainer went up by 9.80 per cent to at N1.68 per share from N1.53 it opened.
However, on the decliners log, Livestock Feed topped with 13.85 per cent declined to close at N1.12 per share from N1. 30 per share it closed, followed by C & I leasing plc which depreciated by 10.00 per cent to close at N3.15 per share from N3.50 it opened, while Sovereign Trust Insurance which recorded as the last third loser went down by 9.62 per cent to close at N0.94 per share from N1.04 it opened.
International Breweries lost 7.14 per cent to close at N0.26 per share from N0.28 it opened.
Geregu Power which recorded as the last fifth loser shed 7.00 per share to close at N4.65 per share from N5.00 it opened.
