Bonny Amadi
11 November 2009
Investors on the Nigerian Stock Exchange (NSE) yesterday staked the sum of N3.42 billion on 323.61 million shares transacted in 6,839 deals. as equities turnover dropped by 158.75 million shares against 482.36 million shares worth N3.69 billion in 6,140 deals recorded on Monday.
Unlike on Monday when the Information Communication and Telecommuniation (ICT) subsector was the most active subsector, the banking sector yesterday emerged the most active measured by turnover with 217.16 million shares valued at N1.34 billion recorded in 4,084 deals.
Turnover of the banking sector was lifted by trading in the shares of Platinum Habib Bank (PHB) with 29.97 million shares worth N46.60 million in 457 deals, followed by Access Bank with 28.45 million shares valued at n187.49 million in 201 deals while guaranty Trust Bank (GTB) pulled 23.52 million shares valued atN363.46 million in 568 deals.
The insurance sector followed in activity with 17.80 million shares valued at N14.50 million recorded by investors in 307 deals. Turnover of the sector was lifted by activity in the shares of AIICO Insurance with 5 million shares value at N4.54 million in 105 deals.
A sudden renewed Investors' interest in the petroleum sector yesterday boosted the sector's turnover to emerge the third most active with 15.77 million shares valued atN1.43 billion transacted in 158 deals. The sector's turnover was lifted by Oando oil with 15.01 million shares valued at N1.41 billion in 10 deals.
The Health care subsector pulled at 14.39 million shares valued N11.10 million traded in 87 deals. Union Diagnostic lifted the sector's turnover with 13.72 million shares valued at N8.85 million in 32 deals.
Analysis of the market summary showed that the market capitalization dropped by N36.34 billion to close at N5 trillion as against N5.04 trillion market value which opened trading .Similarly, the Market All-Share Index dropped by 154.01 basis points closing at 21,212.96, even as the market opened at 21,366.97 All-Share Index.
The depriciation in market value was due to heavy price losses suffered by 41 out of the 63 equities that participated in trading which lost between two to five percent of their share prices.
Unilever Nigeria led the losers table with N1.00 to close at N19.17 per share, followed by Guaranty Trust Bank (GTB) with 81 kobo loss closing at N15.39 per share while Guinness Nigeria gave out 80 kobo closing atN135.20 per share, Dangote Sugar and Ecobank Transnational Incorporated (ETI) closed the top five losers table.
Nigerian Breweries led the 22 price gainers table with N2.00 addition in share price closing at N57.00 per share, followed by Julius Berger Nigeria with N1.16 addition in share price closing at N28.00 per share while PZ Nigeria added N1.14 to close at N24.03 per share.
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