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- Equities Turnover Hits 8.25bn in May
Equities Turnover Hits 8.25bn in May
- By Kayode Ogunwale
- Published June 7th, 2010
- StockWorld
- Unrated
ACTIVITIES on the floor of the Nigerian Stock exchange (NSE) in the month of May was on bearish trend as market recorded a turnover of 8.25 billion shares valued at N76.14 billion in 180,489 deals in contrast to a total of 12.6 billion shares valued at N108.31 billion exchanged during April in 206,182 deals. Consequently, trading volume and value depreciated by 35 per cent and 30 per cent, respectively.
In April, trading volume and value rose by 17 per cent and 19 per cent, respectively. Trading days in May was 18 compared to 20 in April. Aggregate stock market turnover between January and May 2010 were 47.72 billion shares valued at N376.24 billion exchanged in 1,001,620 deals. In the comparable period during 2009, the market recorded turnover of 35.11 billion shares valued at N207.41 billion in 684,855 deals.
The banking sub-sector was the most active (measured by turnover volume) with traded volume of 3.9 billion shares valued at N36.31 billion exchanged in 66,231 deals while the Insurance sub-sector was second with traded volume of 1.6 billion shares valued at N2.0 billion exchanged in 8,995 deals. The food beverages and tobacco sub-sector was third with transaction volume of 389.9 million valued at N8.34 billion traded in 17,538 deals while the mortgage companies sub-sector was fourth with transaction volume of 317.8 million shares valued at N176.61 million traded in 1,440 deals. The conglomerates sub-sector was fifth with transaction volume of 131.3 million shares valued at N3.41 billion traded in 5,039 deals. Consequently, the five sub-sectors accounted for 10.0 billion shares valued at N76.21 billion exchanged by investors in 135340 trades. In March, the five most active sub-sectors traded 6.5 billion shares valued at N41.5 billion exchanged in 95,420 trades. A total of 174 equities out of the listed 214 were traded during the month compared to 175 in April.
The banking sub-sector occupied the top 6 most active list. UBA Plc was the most active stock with transaction volume of 470 million shares followed by Fidelity Bank Plc with 442.9 million shares while First Bank of Nigeria Plc placed third with 421.94 million shares. Zenith Bank Plc placed fourth with 419.23 million shares. Skye Bank Plc occupied the fifth position with 398.95 million shares while Guaranty Trust Bank Plc occupied the sixth position with 361.4 million.
The NSE All-Share Index, which opened at 26,453.20 closed the month at 26,183.21.The month’s highest value of NSE ASI was 27,859.99 recorded on May 13. On day by day basis, NSE ASI recorded a decline by 269.99 or 0.92 per cent, a reversal of the increase by 486.95 points or 2.1 per cent recorded in the preceding month. The year-to-date rise in The NSE ASI stood at 5356.04 points or 23.53 per cent. In May 2009, the NSE ASI rose by 8209.13 points or 32.94 per cent. Price declines by equities during the month caused the depreciation in the NSE indices.
The NSE-30 Index appreciated by 0.43 points or 0.16 per cent to close at 1084.37. Last month, the NSE-30 Index rose by 43.72 points or 4.36 per cent. In May 2009, NSE-30 index gained 255.48 points or 30.7 per cent. The Year till date change in the NSE-30 index is 256.38 points or 27.7 per cent. Two of the four sectoral indices appreciated during the month- the NSE Food/beverage Index rose by 52.17 points or 6.41 per cent to close at 861.37 while the NSE oil/gas Index rose by 13.29 points or 3.54 per cent to close at 417.75. However, the NSE banking Index dropped by 15.15 points or 3.5 per cent close at 403.75 while the NSE Insurance Index dropped by 7.51 points or 3.62 per cent to close at 197.46.
In April, trading volume and value rose by 17 per cent and 19 per cent, respectively. Trading days in May was 18 compared to 20 in April. Aggregate stock market turnover between January and May 2010 were 47.72 billion shares valued at N376.24 billion exchanged in 1,001,620 deals. In the comparable period during 2009, the market recorded turnover of 35.11 billion shares valued at N207.41 billion in 684,855 deals.
The banking sub-sector was the most active (measured by turnover volume) with traded volume of 3.9 billion shares valued at N36.31 billion exchanged in 66,231 deals while the Insurance sub-sector was second with traded volume of 1.6 billion shares valued at N2.0 billion exchanged in 8,995 deals. The food beverages and tobacco sub-sector was third with transaction volume of 389.9 million valued at N8.34 billion traded in 17,538 deals while the mortgage companies sub-sector was fourth with transaction volume of 317.8 million shares valued at N176.61 million traded in 1,440 deals. The conglomerates sub-sector was fifth with transaction volume of 131.3 million shares valued at N3.41 billion traded in 5,039 deals. Consequently, the five sub-sectors accounted for 10.0 billion shares valued at N76.21 billion exchanged by investors in 135340 trades. In March, the five most active sub-sectors traded 6.5 billion shares valued at N41.5 billion exchanged in 95,420 trades. A total of 174 equities out of the listed 214 were traded during the month compared to 175 in April.
The banking sub-sector occupied the top 6 most active list. UBA Plc was the most active stock with transaction volume of 470 million shares followed by Fidelity Bank Plc with 442.9 million shares while First Bank of Nigeria Plc placed third with 421.94 million shares. Zenith Bank Plc placed fourth with 419.23 million shares. Skye Bank Plc occupied the fifth position with 398.95 million shares while Guaranty Trust Bank Plc occupied the sixth position with 361.4 million.
The NSE All-Share Index, which opened at 26,453.20 closed the month at 26,183.21.The month’s highest value of NSE ASI was 27,859.99 recorded on May 13. On day by day basis, NSE ASI recorded a decline by 269.99 or 0.92 per cent, a reversal of the increase by 486.95 points or 2.1 per cent recorded in the preceding month. The year-to-date rise in The NSE ASI stood at 5356.04 points or 23.53 per cent. In May 2009, the NSE ASI rose by 8209.13 points or 32.94 per cent. Price declines by equities during the month caused the depreciation in the NSE indices.
The NSE-30 Index appreciated by 0.43 points or 0.16 per cent to close at 1084.37. Last month, the NSE-30 Index rose by 43.72 points or 4.36 per cent. In May 2009, NSE-30 index gained 255.48 points or 30.7 per cent. The Year till date change in the NSE-30 index is 256.38 points or 27.7 per cent. Two of the four sectoral indices appreciated during the month- the NSE Food/beverage Index rose by 52.17 points or 6.41 per cent to close at 861.37 while the NSE oil/gas Index rose by 13.29 points or 3.54 per cent to close at 417.75. However, the NSE banking Index dropped by 15.15 points or 3.5 per cent close at 403.75 while the NSE Insurance Index dropped by 7.51 points or 3.62 per cent to close at 197.46.
