NB, Guinness, NPF Mfb gains lift equities market
…As market key indices record growth
The brewing sector, Nigerian Breweries and Guinness Nigeria, as well as the Micro finance sector, represented by the Nigerian Police force (NPF) MFB led on the price gainers table for the week ended February 24th 2017.
The equities market also recorded its first weekly growth for the month of February as trading activities closed positive on three of the five trading days.
The All Share Index grew by 0.34 percent to close the week at 25,250.37 basis points, while the Market Capitalisation increased by N29.6 billion and closed at N8.739 trillion.
Nigerian Breweries led the 18 stocks price gainers table by 13.04 percent to close at N130 per share. Guinness Nigeria followed with a growth of 11.57 percent to close at N68, while Nigeria Police Force Micro Finance Bank added 9.26 percent to close at N1.18 per share.
They led eighteen stocks that appreciated in price during the week, lower than twenty-nine equities of the previous week.
The decliners table revealed that 34 equities topped by Unilever, Forte Oil and Viatfoam depreciated in price. These companies fell 16.18, 14.96 and 14 percent respectively to close at N5.50, N8.86 and 28 kobo respectively.
The 34 loser stocks, were higher than 24 equities of the previous week, while125 equities remained unchanged higher than 123 equities recorded in the preceding week.
Performance review of sectorial Indices, showed growth in all, but the NSE Premium, NSE ASeM, NSE Banking, NSE Oil/Gas, NSE Lotus II, NSE Industrial Goods and NSE Pension indices that depreciated by 0.45 percent, 0.79 percent, 0.79 percent, 2.50 percent, 2.82 percent, 2.83 percent and 1.18 percent respectively.
Investors during the week, transacted a total of 765.656 million shares worth N9.717 billion in 12,468 deals on the floor of the Exchange in contrast to a total of 1.073 billion shares valued at N8.608 billion that exchanged hands previous week in 14,486 deals.
The Financial Services Industry measured by volum led the activity chart with 575.290 million shares valued at N3.470 billion traded in 6,738 deals; thus contributing 75.14% and 35.71% to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 53.812 million shares worth N3.470 billion in 2,572 deals. The third place was occupied by Conglomerates Industry with a turnover of 48.961 million shares worth N229.411 million in 622 deals.
Top three traded equities were Zenith International Bank Plc, AIICO Insurance Plc, and United Capital Plc (measured by volume) accounted for 280.563 million shares worth N1.867 billion in 2,438 deals, contributing 36.64 percent and 19.22 percent to the total equity turnover volume and value respectively.
There were no trades in Exchange Traded Products last week, as against a total of 15.400 million units valued at N198.477 million transacted previous week in 9 deals, while a total of 24,850 units of Federal Government Bonds valued at N20.533 million were traded last week in 6 deals, compared with a total of 10,673 units valued at N10.479 million transacted previous week in 10 deals.
