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- Investors Stake N22bn as the Bear Holds Sway
Investors Stake N22bn as the Bear Holds Sway
- By Kayode Ogunwale
- Published May 3rd, 2010
- StockWorld
- Unrated
A turnover of 2.55 billion shares worth N21.9 billion in 41,577 deals was recorded last week, in contrast to a total of 3.36 billion shares valued at N35.81 billion exchanged upper week in 52,110 deals.
The banking sub-sector was the most active during the week (measured by turnover volume), with 1.3 billion shares worth N12.54 billion exchanged by investors in 20,300 deals. Volume in the banking sub-sector was largely driven by activity in the shares of Access Bank Plc, First Bank of Nigeria Plc, Skye Bank Plc, Guaranty Trust Bank Plc and Diamond Bank Plc. Trading in the shares of the five banks accounted for 737.63 million shares, representing 58.4 per cent and 29 per cent 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 UNIC Insurance Plc and NEM Insurance Plc, followed on the week’s activity chart with a turnover of 614.8 million shares valued at N515.45 million in 2,655 deals. Upper week, the banking sub-sector led on the activity chart and was followed by the Insurance sub-sector. The NSE All-Share Index depreciated by 3.5 per cent to close on Friday at 26,453.20 attributed to the decline in the prices of the highly capitalised stocks. The market capitalisation of the 198 first -tier equities closed lower at N6.4 trillion. Also, The NSE-30 Index depreciated by 2.83 per cent to close at 1,083.94. Upper week, ASI and NSE-30 Index depreciated by 2.1 per cent and 1.9 per cent, respectively. All the four sectoral indices depreciated by the end of the week the NSE Food/Beverages Index depreciated by 1.04 per cent to close at 809.20, the NSE banking Index depreciated by 4.6 per cent to close at 418.90, the NSE Insurance Index depreciated by 1.75 per cent to close at 204.97 and the NSE Oil/Gas Index depreciated by 1.41 per cent to close at 404.46.
21 stocks appreciated in price during the week, lower than the 42 of the preceding week. Flour Mills of Nigeria Plc led on the gainers’ table with a gain of N2.49 to close at N73.99 per share while Chemical and Allied Products Plc followed with N1.48 to close at N73.99 per share.
On the other hand, 94 stocks depreciated in price during the week, higher than the 71 of the preceding week. Guinness Nigeria Plc led on the price losers’ table, dropping by N13.03 to close at N152.08 per share while Julius Berger Nigeria Plc followed with a loss of N6.99 to close at N53.01 per share.
The banking sub-sector was the most active during the week (measured by turnover volume), with 1.3 billion shares worth N12.54 billion exchanged by investors in 20,300 deals. Volume in the banking sub-sector was largely driven by activity in the shares of Access Bank Plc, First Bank of Nigeria Plc, Skye Bank Plc, Guaranty Trust Bank Plc and Diamond Bank Plc. Trading in the shares of the five banks accounted for 737.63 million shares, representing 58.4 per cent and 29 per cent 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 UNIC Insurance Plc and NEM Insurance Plc, followed on the week’s activity chart with a turnover of 614.8 million shares valued at N515.45 million in 2,655 deals. Upper week, the banking sub-sector led on the activity chart and was followed by the Insurance sub-sector. The NSE All-Share Index depreciated by 3.5 per cent to close on Friday at 26,453.20 attributed to the decline in the prices of the highly capitalised stocks. The market capitalisation of the 198 first -tier equities closed lower at N6.4 trillion. Also, The NSE-30 Index depreciated by 2.83 per cent to close at 1,083.94. Upper week, ASI and NSE-30 Index depreciated by 2.1 per cent and 1.9 per cent, respectively. All the four sectoral indices depreciated by the end of the week the NSE Food/Beverages Index depreciated by 1.04 per cent to close at 809.20, the NSE banking Index depreciated by 4.6 per cent to close at 418.90, the NSE Insurance Index depreciated by 1.75 per cent to close at 204.97 and the NSE Oil/Gas Index depreciated by 1.41 per cent to close at 404.46.
21 stocks appreciated in price during the week, lower than the 42 of the preceding week. Flour Mills of Nigeria Plc led on the gainers’ table with a gain of N2.49 to close at N73.99 per share while Chemical and Allied Products Plc followed with N1.48 to close at N73.99 per share.
On the other hand, 94 stocks depreciated in price during the week, higher than the 71 of the preceding week. Guinness Nigeria Plc led on the price losers’ table, dropping by N13.03 to close at N152.08 per share while Julius Berger Nigeria Plc followed with a loss of N6.99 to close at N53.01 per share.
