Stock Market Report For week ended October 26th 2018
A total turnover of 1.454 billion shares worth N15.263billion in 16,682 deals were traded last week (ended October 26, 2018) by investors on the floor of the Exchange in contrast to a total of 1.380 billion shares valued at N15.149 billion that exchanged hands last week in 14,033 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.220 billion shares valued at N9.480 billion traded in 10,520 deals; thus contributing 83.94% and 62.11% to the total equity turnover volume and value respectively.
The Conglomorates Industry followed with 92.190 million shares worth N452.948 million in 719 deals.The third place was Consumer Goods Industry with a turnover of 76.567 million shares worth N3.712 billion in 2,471 deals.
Trading in the Top Three Equities namely – First City Monument Bank Plc, Access Bank Plc and Sterling Bank Plc, (measured by volume) accounted for 695.396 million shares worth N2.000 billion in 3,494 deals, contributing 47.83% and 13.10% to the total equity turnover volume and value respectively.
ETPs
Also traded during the week were a total of 280,563 units of Exchange Traded Products (ETPs) valued at N3.385 million executed in 10 deals.There was transaction recorded last week.
BONDS
A total of 20,430 units of Federal Government Bonds valued at N20.729 million were traded this week in 45 deals compared with a total of 40,720 units valued at at N42.580 million transacted last week in 26 deals.
INDEX MOVEMENT
The NSE All-Share Index and Market Capitalization appreciated by 0.20% to close the week at 32,907.33 and N12.014 trillion respectively.
Similarly, all other indices finished higher with the exception of the NSE-Main Board Index, NSE ASeM index, NSE Consumer Goods index, NSE Industrial Goods Index and NSE Pension Index that closed lower by 0.04%, 0.77%, 0.97%, 4.06% and 0.05% respectively
SUMMARY OF PRICE CHANGES
Twenty six (26) equities appreciated in price during the week, higher than Twenty (20) in the previous week. Forty (42) equities depreciated in price, the same as Forty (42) of the previous week, while one hundred and one (101) equities remained unchanged lower than one hundred and seven (107) equities recorded in the preceding week.
OTHER MARKET NEWS
The Rights Issue of May & Baker Nigeria Plc of 980,000,000 ordinary shares of 50 Kobo each at the offer price of N2.50 per share, on the basis of one (1) new ordinary shares for every one (1) ordinary shares held as at Tuesday, 4 September 2018 will be opened for subscription as shown below:
Acceptance list opens: Monday, 22 October 2018
Acceptance list closes: Wednesday, 28 November 2018
Please visit http://www.nse.com.ng/Issuers-section/corporate-disclosures/company-results for full details of Financial News and other corporate disclosures.
Source: http://www.nse.com.ng
