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Equities Drop 19% Value
- By Kayode Ogunwale
- Published June 28th, 2010
- StockWorld
- Unrated
ACTIVITIES on the floor of the Nigerian Stock Exchange last week recorded a turnover of 1.63 billion shares worth N13.7 billion in 30,368 deals, in contrast to a total of 1.71 billion shares valued at N17 billion exchanged in 32,098 deals.
The banking sub-sector was the most active during the week (measured by turnover volume), with 873.5 million shares worth N7.52 billion exchanged by investors in 16,564 deals. Volume in the banking sub-sector was largely driven by activity in the shares of Zenith Bank Plc, First Bank of Nigeria Plc and Stanbic IBTC Bank Plc.
Trading in the shares of the three Banks accounted for 307.43 million shares, representing 35.2 per cent and 18.9 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 Goldlink Insurance Plc and AIICO Insurance Plc, followed on the week’s activity chart with a turnover of 164.8 million shares valued at N169.35 million in 1,644 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 7047.67 points or 2.8 per cent to close on Friday at 25,154.26 while the market capitalisation of the 198 first tier equities closed lower at N6.12 trillion. Also, the NSE-30 Index depreciated by 33.59 points or 3.2 per cent to close at 1,041.89. Upper week, ASI and NSE-30 Index appreciated by 1.72 per cent and 1.91 per cent, respectively.
Only one of the four sectoral indices appreciated during the week, the NSE Insurance index appreciated by 0.09 points or 0.1 per cent to close at 187.42.
However, the food/beverage Index depreciated by 35.22 points or 4.2 per cent to close at 820.54, the NSE Banking Index depreciated by 11.16 points or 2.82 per cent to close at 387.72 and the NSE oil/gas Index depreciated by 9.07 points or 2.2 per cent to close at 404.89.
23 stocks appreciated in price during the week, lower than the 49 of the preceding week. Conoil Plc led on the gainers’ table with a gain of N2.50 to close at N52.50 per share while UAC of Nigeria Plc followed with N0.50 to close at N41.50 per share.
On the other hand, 63 stocks depreciated in price during the week, higher than the 51 of the preceding week. Nestle Nigeria Plc led on the price losers’ table, dropping by N8.00 to close at N359.50 per share while Oando Plc followed with a loss of N5.00 to close at N73.00 per share.
The banking sub-sector was the most active during the week (measured by turnover volume), with 873.5 million shares worth N7.52 billion exchanged by investors in 16,564 deals. Volume in the banking sub-sector was largely driven by activity in the shares of Zenith Bank Plc, First Bank of Nigeria Plc and Stanbic IBTC Bank Plc.
Trading in the shares of the three Banks accounted for 307.43 million shares, representing 35.2 per cent and 18.9 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 Goldlink Insurance Plc and AIICO Insurance Plc, followed on the week’s activity chart with a turnover of 164.8 million shares valued at N169.35 million in 1,644 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 7047.67 points or 2.8 per cent to close on Friday at 25,154.26 while the market capitalisation of the 198 first tier equities closed lower at N6.12 trillion. Also, the NSE-30 Index depreciated by 33.59 points or 3.2 per cent to close at 1,041.89. Upper week, ASI and NSE-30 Index appreciated by 1.72 per cent and 1.91 per cent, respectively.
Only one of the four sectoral indices appreciated during the week, the NSE Insurance index appreciated by 0.09 points or 0.1 per cent to close at 187.42.
However, the food/beverage Index depreciated by 35.22 points or 4.2 per cent to close at 820.54, the NSE Banking Index depreciated by 11.16 points or 2.82 per cent to close at 387.72 and the NSE oil/gas Index depreciated by 9.07 points or 2.2 per cent to close at 404.89.
23 stocks appreciated in price during the week, lower than the 49 of the preceding week. Conoil Plc led on the gainers’ table with a gain of N2.50 to close at N52.50 per share while UAC of Nigeria Plc followed with N0.50 to close at N41.50 per share.
On the other hand, 63 stocks depreciated in price during the week, higher than the 51 of the preceding week. Nestle Nigeria Plc led on the price losers’ table, dropping by N8.00 to close at N359.50 per share while Oando Plc followed with a loss of N5.00 to close at N73.00 per share.
