NSE Mark Cap Grabs N1.409tr In One Week | Independent Newspapers Limited
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NSE Mark Cap Grabs N1.409tr In One Week

Posted: Aug 10, 2015 at 12:01 am   /   by   /   comments (0)

By Bamidele Ogunwusi, Lagos

Aside closing in the red at the last trading day on Friday, trading activities on the floor of The Nigerian Stock Exchange (NSE) closed positive for the better part of last week when the All Share Index appreciated by 1,193 basis points or 3.95 per cent.

Nigerian Stock Exchange’s All Share Index NSEASIMarket Capitalisation closed at N11.776 trillion after it appreciated by N1.409 trillion, compared with N10.776 trillion it recorded on Monday.

A turnover of 2.382 billion shares worth N18.989 billion in 19,769 deals were traded last week by investors on the floor of The Exchange in contrast to a total of 1.366 billion shares valued at N17.953 billion that exchanged hands last week in 17,391 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.996 billion shares valued at N13.195 billion traded in 11,232 deals; thus contributing 83.79 per cent and 69.49 per cent to the total equity turnover volume and value respectively.

The conglomerates industry followed with a turnover of 106.534 million shares worth N425.527 million in 1,150 deals. The third place was occupied by Natural Resources Industry with 100.021 million shares worth N50.103 million in 16 deals.

Continental Reinsurance Plc.; Zenith International Bank Plc., and Axamansard Insurance Plc (measured by volume) accounted for 1.033 billion shares worth N5.209 billion in 2,339 deals, contributing 43.39 per cent and 27.43 per cent to the total equity turnover volume and value respectively.

Forte Oil was the top gainer for the week when it gained N22.95, while Total Nigeria led other losers when it depreciated by N13.25.

However, transactions at the Nigerian Stock Exchange (NSE) ended on a negative trend on Friday with the All-Share Index dropping by 0.17 per cent, reversing four consecutive days of growth.

Guinness recorded the highest price loss to lead the losers’ chart, dropping by 600 kobo to close at N131 per share, Total Nigeria came second with 525 kobo to close at N150, while Flour Mill lost 184 kobo to close at N29 per share, Cadbury declined by 175 kobo to close at N33.30, while Okomu Oil shed 117 kobo to close at N24.83 per share.