Specifically, the All-Share Index (ASI) appreciated by 422.72 points or 1.7 per cent to close on Friday at 25,269.36 against 24,846.64 points it opened the week, while the market capitalisation of the 199 first -tier equities gained N103.037 billion or 1.7 per cent to close at closed higher at N6.179 trillion from N6.076 trillion.
A turnover of 2 billion shares worth N14.1 billion in 30,906 deals was recorded this week, in contrast to a total of 1.51 billion shares valued at N9.82 billion exchanged last week in 29,134 deals. This included a total of 3,000 units of Lagos State Fixed Rate Redeemable Bond worth N3.63 million.
The Banking subsector was the most active during the week (measured by turnover volume), with 1.31 billion shares worth N9.12 billion exchanged by investors in 16,323 deals. Volume in the Banking subsector was largely driven by activity in the shares of Skye Bank Plc, Diamond Bank Plc, Zenith Bank Plc and Bank PHB Plc. Trading in the shares of the four Banks accounted for 752.1 million shares, representing 57.4 per cent and 37.7 per cent of the subsector’s turnover and total volume traded during the week, respectively. The Insurance subsector, boosted by activity in the shares of Niger Insurance Plc and AIICO Insurance Plc, followed on the week’s activity chart with a turnover of 296.6 million shares valued at N328.4 million in 1,444 deals. Last week, the Banking subsector led on the activity chart and was followed by the Conglomerates subsector.
The NSE All-Share Index appreciated 422.72 points or 1.7 per cent to close on Friday at 25,269.36 while the market capitalization of the 199 First -Tier equities closed higher at N6.18 trillion. Also, The NSE-30 Index appreciated by 14.35 points or 1.4 per cent to close at 1,047.33. Last week, ASI and NSE-30 Index appreciated by 0.96 per cent and 0.98 per cent respectively. Two of the four sectoral indices appreciated during the week. The NSE Food/Beverage Index appreciated by 17.71 points or 2.2 per cent to close at 819.15 and the NSE Banking Index appreciated by 7.22 points or 1.94 per to close at 382.92. However, the NSE Insurance Index depreciated by 1.90 points or 1.03 per cent to close at 180.66 and the NSE Oil/Gas index depreciated by 5.70 points or 1.5 per cent to close at 386.24.
Also, 46 stocks appreciated in price during the week, higher than the 37 of the preceding week. Cadbury Nigeria Plc led on the gainers’ table with a gain of N3.12 to close at N29.00 per share while UAC of Nigeria Plc followed with N2.99 to close at N43.99 per share. Other price gainers include PZ Cussons Nigeria Plc with N2.00, Ashaka Cement Plc N1.98, Dangote Flour Mills Plc – N1.02, First Bank of Nigeria Plc – N0.91, Union Bank of Nigeria Plc – N0.64, Cement Company of Northern Nig. Plc – N0.60, Costain (WA) Plc – N0.56 and Nigerian Breweries Plc – N0.54
In the same vein, 43 stocks depreciated in price during the week, lower than the 49 of the preceding week. Two Petroleum (Marketing) stocks led on the price losers’ table. Mobil Oil Nigeria Plc led dropping by N8.73 to close at N165.94 per share while Conoil Plc followed with a loss of N2.50 to close at N49.50 per share. Other price losers include Lafarge Cement WAPCO Nigeria Plc with N1.90, The Okomu Oil Palm Plc – N1.31, Chemical & Allied Products Plc – N1.10, Flour Mills Nigeria Plc – N0.95, Beta Glass Co. Plc – N0.81, First City Monument Bank Plc – N0.48
C & I Leasing Plc – N0.30 and May & Baker Nigeria Plc – N0.29
