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Monday, 19 November 2012 00:00
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Stocks value, index decline 1.19%

Transactions closed last week on the Nigerian Stock Exchange (NSE), on negative notes, as major performance indices, the All-Share Index, which opened at 26,718.30 closed at 26,400.94, depreciating by 317.36 points or 1.19 per cent.

Similarly, the market capitalization of the listed equities dropped by N101.133 billion or 1.19 per cent to close at N8.413 trillion.

Likewise, the Bloomberg NSE 30, Bloomberg NSE Consumer goods, Bloomberg NSE banking, Bloomberg NSE Oil/Gas and NSE Lotus II Indices dropped by 1.18; 1.48; 1.24; 2.65%; and 1.47 per cents respectively, while Bloomberg NSE Insurance Indices appreciated by 0.29 per cent.

A total turnover of 1.293 billion shares worth N9.414 billion in 19,825 deals was recorded in the week, in contrast to a total of 1.189 billion shares valued at N11.491 billion that exchanged hands the previous week in 22,277 deals.

The Financial Services sector (measured by turnover volume) accounted for 876.900 million shares valued at N5.328 billion traded in 11,454 deals, while the Oil and Gas sector (measured by turnover volume) followed with for 135.055 million shares valued at N186.919 million traded in 1,161 deals.

The Consumer goods sector (measured by turnover volume) was third with 92.782 million shares valued at N3.119 billion traded in 3,850 deals. The top three sectors accounted for 1.105 billion shares valued at N8.634 billion traded in 16,465 deals, thus accounting for 85.42, 91.71 and 83.05 per cents of the volume, value and number of deals respectively.

Beco Petroleum Product Plc of the Petroleum and Petroleum Products Distributors subsector was the most active with a volume of 105.093 million units followed by First Bank of Nigeria Plc (Banking subsector) and Afromedia Plc (Advertising subsector). The top three equities with a total volume of 276.519 million units of shares contributed 21.38% and 16.81% respectively to the total turnover and value for the week.

Also included in the transactions for the week were 350 units of NewGold Exchange Traded Fund valued at N925.000 traded in 4 deals. Also, 1000 units of Crusader Nigeria Plc Irredeemable Convertible Debenture valued at N100,000 was traded during the week in 1 deal. However, there were no transactions in the Federal Government Development Stocks and State/Local Government Bonds sectors.

Analysis of the equity price movements indicated that twenty-three (23) equities gained while forty- three (43) equities recorded price declines and prices of one hundred and thirty-two (132) equities remained constant. When compared with the preceding week, thirty (30) equities gained while thirty-nine (39) equities recorded price declines and prices of one hundred and twenty nine (129) remained constant.

Cadbury Nigeria Plc led the gainers table N1.39 increase, 5.6 per cent to close N25.89 per share, NCR Plc followed with N1.31 increase, 10.01 per cent, to at N14.40 per cent.

Other gainers include Ashaka Cement Plc with N0.89 increase, 4.94 per cent, closing at N18.84 per share, UAC-Property Plc with N0.58 increase, 5.09 per cent, closing at N11.98 per share, while International Breweries Plc gained N0.55, 4.31 per cent, to close at N13.30 per share, among other gainers.

On the other hand, Nestle Nigeria Plc led the losers chart with N31.83, 5.0 per cent decline to close at N600.50 per share, while Guinness Nigeria Plc followed with N13.15 loss, 4.96 per cent, to close at N251.85 per share. Construction giant, Julius Berger Plc lost N1.51, 4.93 per cent, to close at N29.10 per share among other losers.  

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