For investors on the Nigerian Stock Exchange (NSE), investing in equities on the Exchange is a good business, at least for now, as the value of their investment continues to appreciate with the commencement of the new forex regime of the Central Bank of Nigeria (CBN). For the week ended 24th June, 2016, they gained N482 billion.
The market All-Share Index and Market Capitalization appreciated by 4.79 per cent to close the week at 30,649.66 and N10.527 trillion respectively as against 7.40 per cent appreciation to close the upper week at 29,247.27 and N10.045 trillion respectively.
Similarly, all other Indices finished higher during the week, with the exception of the NSE ASeM Index that closed flat.
A total of 40 equities appreciated in price during the week, lower than 44 equities of the previous week and 32 depreciated in price, higher than 24 of the previous week, while 108 remained unchanged lower than 112 recorded in the preceding week.
A turnover of 2.387 billion shares worth N26.381 billion in 28,072 deals were traded in the week by investors in contrast to a total of 2.158 billion shares valued at N20.394 billion that exchanged hands last week in 24,369 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.951 billion shares valued at N16.832 billion traded in 17,226 deals; thus contributing 81.75 per cent and 63.80 per cent to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 223.156 million shares worth N477.064 million in 1,461 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 91.705 million shares worth N6.253 billion in 4,433 deals.
Trading in the top-three equities namely – United Bank For Africa Plc, Zenith International Bank Plc and Guaranty Trust Bank Plc. (measured by volume) accounted for 887.282 million shares worth N12.894 billion in 7,483 deals, contributing 37.17 per cent and 48.88 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 121,501 units of Exchange Traded Products (ETPs) valued at N90.716 million executed in 34 deals, compared with a total of 519,199 units valued at N6.582 million transacted last week in 42 deals.
A total of 9,439 units of Federal Government Bonds valued at N10.429 million were traded in 7 deals compared to a total of 4,170 units of Federal Government Bonds valued at N4.413 million transacted last week in 3 deals.
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