PANAPRESS
Panafrican News Agency
Nigerian bourse ends week low
Lagos, Nigeria (PANA) - A turnover of 0.68 billion shares worth 3.6 billion naira in 13,712 deals was recorded at the close of trading at the Nigerian Stock Exchange (NSE) in the outgoing week, in contrast to a total of 1.72 billion shares valued at 12.04 billion naira exchanged in 24,817 deals in the previous week.
The Stock Market opened for three days during the week, as Tuesday and Wednesday were observed as public holidays to mark the Muslim festival of Eid-el-Fitri.
There were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.
The Banking sub-sector was the most active during the week, with 366.58 million shares worth 2.21 billion naira exchanged by investors in 7,185 deals.
Volume in the sub-sector was largely driven by activity in the shares of Intercontinental Bank Plc, Access Bank Plc, Zenith Bank Plc and Guaranty Trust Bank Plc.
Trading in the shares of the four banks accounted for 183.68 million shares, representing 50.11% and 26.85% of the sub-sector’s turnover and total volume traded during the week, respectively.
The Insurance sub-sector, boosted by activity in the shares of NEM Insurance Plc and Universal Insurance Plc, followed on the week’s activity chart with a turnover of 109.75 million shares valued at 60.038 million naira in 1,919 deals.
Last week, the Banking sub-sector led on the activity chart and was followed by the Insurance sub-sector.
The NSE All-Share Index (ASE) depreciated by 709.24 points or 3.19% to close on Friday at 21,598.98, while the market capitalization of the 195 First -Tier equities decreased to 6.908 trillion naira.
The NSE-30 Index depreciated by 24.99 points or 2.51% to close at 964.61.Last week, ASI and NSE-30 Indices depreciated by 3.33% and 3.25%, respectively.
Two of the four sectoral indices appreciated during the week, compared with all four that so depreciated during the preceding week.
The NSE Banking Index appreciated by 3.00 points or 1.07% to close at 316.23, the NSE Oil & Gas Index appreciated by 0.66 points or 0.26% to closed at 258.27 while the NSE Food & Beverage Index depreciated by 32.29 points or 4.28% to close at 731.73 and the NSE Insurance Index depreciated by 0.54 points or 0.34% to close at 147.23.
Nineteen stocks appreciated in price during the week, same as in the preceding week. Guinness Nigeria Plc led on the gainers’ table with a gain of 3 naira .or 1.4% to close at 218 naira per share while Okomu Oil Palm Plc followed with a gain of 1.36 naira or 8.00% to close at 18.37 naira per share.
Other price gainers’ include: Lafarge Cement WAPCO Nigeria Plc, Nestle Nigeria Plc,
Zenith Bank Plc, Guaranty Trust Bank Plc, First Bank of Nigeria Plc, NCR (Nigeria) Plc, Roads Nigeria Plc and Diamond Bank Plc.
Forty-six stocks depreciated in price during the week, higher than the forty-three of the preceding week.
Dangote Cement Plc led on the price losers’ table, dropping by 7.11 naira or (6.40%) to close at 104.00 naira per share, while Flour Mills Nigeria Plc followed with a loss of 5.50 naira or (6.75%) to close at 76.00 naira per share.
Other price losers are, PZ Cussons Nigeria Plc, Dangote Sugar Refinery Plc, Dangote Flour Mills Plc, Unilever Nigeria Plc, Cadbury Nigeria Plc, Nigerian Breweries Plc, B.O.C Gases Plc and John Holt Plc.
-0- PANA SB/SEG 4Sept2011
The Stock Market opened for three days during the week, as Tuesday and Wednesday were observed as public holidays to mark the Muslim festival of Eid-el-Fitri.
There were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.
The Banking sub-sector was the most active during the week, with 366.58 million shares worth 2.21 billion naira exchanged by investors in 7,185 deals.
Volume in the sub-sector was largely driven by activity in the shares of Intercontinental Bank Plc, Access Bank Plc, Zenith Bank Plc and Guaranty Trust Bank Plc.
Trading in the shares of the four banks accounted for 183.68 million shares, representing 50.11% and 26.85% of the sub-sector’s turnover and total volume traded during the week, respectively.
The Insurance sub-sector, boosted by activity in the shares of NEM Insurance Plc and Universal Insurance Plc, followed on the week’s activity chart with a turnover of 109.75 million shares valued at 60.038 million naira in 1,919 deals.
Last week, the Banking sub-sector led on the activity chart and was followed by the Insurance sub-sector.
The NSE All-Share Index (ASE) depreciated by 709.24 points or 3.19% to close on Friday at 21,598.98, while the market capitalization of the 195 First -Tier equities decreased to 6.908 trillion naira.
The NSE-30 Index depreciated by 24.99 points or 2.51% to close at 964.61.Last week, ASI and NSE-30 Indices depreciated by 3.33% and 3.25%, respectively.
Two of the four sectoral indices appreciated during the week, compared with all four that so depreciated during the preceding week.
The NSE Banking Index appreciated by 3.00 points or 1.07% to close at 316.23, the NSE Oil & Gas Index appreciated by 0.66 points or 0.26% to closed at 258.27 while the NSE Food & Beverage Index depreciated by 32.29 points or 4.28% to close at 731.73 and the NSE Insurance Index depreciated by 0.54 points or 0.34% to close at 147.23.
Nineteen stocks appreciated in price during the week, same as in the preceding week. Guinness Nigeria Plc led on the gainers’ table with a gain of 3 naira .or 1.4% to close at 218 naira per share while Okomu Oil Palm Plc followed with a gain of 1.36 naira or 8.00% to close at 18.37 naira per share.
Other price gainers’ include: Lafarge Cement WAPCO Nigeria Plc, Nestle Nigeria Plc,
Zenith Bank Plc, Guaranty Trust Bank Plc, First Bank of Nigeria Plc, NCR (Nigeria) Plc, Roads Nigeria Plc and Diamond Bank Plc.
Forty-six stocks depreciated in price during the week, higher than the forty-three of the preceding week.
Dangote Cement Plc led on the price losers’ table, dropping by 7.11 naira or (6.40%) to close at 104.00 naira per share, while Flour Mills Nigeria Plc followed with a loss of 5.50 naira or (6.75%) to close at 76.00 naira per share.
Other price losers are, PZ Cussons Nigeria Plc, Dangote Sugar Refinery Plc, Dangote Flour Mills Plc, Unilever Nigeria Plc, Cadbury Nigeria Plc, Nigerian Breweries Plc, B.O.C Gases Plc and John Holt Plc.
-0- PANA SB/SEG 4Sept2011
