|
|
Nigeria: NSE Equity Value Rises By N692.50 Billion
 |
 |
|||||||||
|
||||||||||
|
|
|||||||||
|
||||||||||
Vanguard (Lagos)
13 May 2008
Posted to the web 13 May 2008
Michael Eboh
The stock market recorded rebound last week as the value of equities listed on Nigerian Stock Exchange (NSE) appreciated by N692.50 billion. This was evident in the rise of the market capitalisation, from N11.43 trillion at which it opened the week to close at N12.12 trillion.
Also, another performance indices, the All-share index appreciated by 5.74 per cent to close the week at 62,518.07 points from 59,124.87 points.The rise in the market indices was as a result of gains on the share prices of blue chips
companies, with Oando Plc recording the highest share price gain, rising by N23.00 per share to close at N258.00 per share, Chevron Oil Nigeria Plc followed with a gain of N13.96 to close at N293.26 per share and Ecobank Transnational Incorporated garnered N6.50 per share to close at N250.50 per share.
Other share price gainers include: Nestle Nigeria Plc N6.17, Union Bank of Nigeria Plc N5.69, Conoil Plc N5.60, Lafarge WAPCO Plc N5.53, Presco Oil Palm Plc N5.15, G.Cappa Plc N4.65, Ashaka Cement Plc N4.54 among others.
On the contrary, Mobil Oil Nigeria Plc recorded the highest share price loss, dropping by N20.20 to close at N228.01 per share, Costain (West Africa) Plc followed with a loss of N5.64 to close at N44.00 per share and Guinness Nigeria Plc dipped by N5.56 to close at N127.01 pr share.
Other share price losers include: UAC Nigeria lc N4.50, A.G. Leventis Nigeria Plc N2.78,Berger Paints Plc N1.86, Okomu Oil Palm Plc N1.51, C & I Leasing Plc N1.35, Pharma Deko Plc N1.33, Prestige Assurance Plc N1.21 among others.
Equity trading appreciated in the week under review by 44.59 per cent as a turnover of 3.8 billion shares valued at N74.43 billion was recorded in 89,212 deals, in contrast to penultimate week's turnover of 2.63 billion shares valued at N47.6 billion in 66,373 deals.
|
The banking sub-sector recorded th e highest patronage, accounting for 43.16 per cent of the market turnover with 1.64 billion shares valued at N47.63 billion in 43,692 deals. United Bank for Africa Plc emerged the most active in the sub-sector, trading 238.68 million shares valued at N13.76 billion in 3,091 deals, followed by Oceanic Bank International Plc with a turnover of 175.70 million shares valued at N4.86 billion in 4,804 deals and Fidelity Bank Plc
recorded 153.90 million shares valued at N1.66 billion in 1,893 deals.The Insurance sub-sector followed on the sectorial analysis, accounting for 24.47 per cent of the market turnover with 925.13 million shares valued at N3.45 billion in 15,681 deals.
Universal Insurance Plc recorded the highest transaction in the sub-sector, with a turnover of 243.95 million shares valued at N718.15 million in 4,881 deals, followed by Goldlink Insurance Plc with the exchange of 116.73 million shares valued at N383.88 million in 1,288 deals and Consolidated Hallmark Insurance Plc recorded 73.31 million shares valued at N218.30 million in 718 deals.
| |||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Copyright © 2008 Vanguard. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections -- or for permission to republish or make other authorized use of this material, click here. | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Make allAfrica.com your home page | RSS Feed | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Top | Site Guide | Who We Are | Advertising | Search | Subscribe | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Questions or Comments? Contact us. Read our Privacy Statement. | |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
