21 December 2013

Nigeria: Bond Market Closes Higher As Equity Gains 1.88 Percent

Lagos — Trading activities in the bond market closed with higher trend as the Over-The-Counter market for FGN bonds recorded a turnover of 99.968 million units valued at N107.562 billion in 570 deals were recorded this week in contrast to 91.528 million units valued at N96.482 billion in 436 deals recorded in the preceding week ended December 13th, 2013.

Also on the equity during the week, a turnover of 2.726 billion shares worth N18.777 billion in 22,228 deals were traded this week by investors on the floor of the exchange in contrast to a total of 2.767 billion shares valued at N18.671 billion that exchanged hands last week in 24,007 deals. The Financial Services Industry (measured by volume) led the activity chart with 2.211 billion shares valued at N11.720 billion traded in 11,483 deals; thus contributing 81.10 per cent and 62.42 per cent to the total equity turnover volume and value respectively.

The index movement shows that the NSE All-Share Index increased by 1.88 per cent to close on Friday at 39,562.75. Also the market capitalization appreciated by 1.88 per cent to close at N12.661 trillion.

Six of the NSE indices appreciated during the week: the NSE 30, NSE Consumer Goods, NSE Banking, NSE Oil/Gas, NSE Lotus II and NSE Industrial Goods indices rose by 1.43 per cent, 0.42 per cent, 1.35 per cent, 0.51 per cent, 1.99 per cent and 2.97 per cent respectively.

However, the NSE Insurance index slipped by 0.98 per cent to close lower at 148.00 while the NSE ASeM index remained unchanged.

The Conglomerates Industry followed with a turnover of 303.055 million shares worth N1.387 billion in 1,792 deals; contributing 11.12 per cent and 7.39 per cent to the total equity turnover volume and value respectively.

The third place was occupied by the Consumer Goods Industry with 84.149 million shares worth N3.399 billion in 4,300 deals.

Trading in the top three equities namely, FCMB Group Plc, Unity Bank Plc and Transnational

Corporation of Nigeria Plc (measured by volume) accounted for 1.538 billion shares worth N3.638 billion in 2,655 deals, contributing 56.44 per cent and 19.38 per cent to the total equity turnover volume and value respectively.

There were no transactions on the ETFs during the week. Last week a total of 60 units of NewGold Exchange Traded Funds (ETFs) valued at N114, 040.00 were transacted in 2 deals.

Summary of price changes 43 equities appreciated in prices during the week higher than 26 equities of the preceding week. Thirty four equities depreciated in prices lower than 51 equities of the preceding week, while 121 equities remained unchanged higher than 120 equities of the preceding week.

Union Dicon Salt Plc. led on the gainers chart with N1.43 kobo or 14.94 per cent, followed by Costain (W A) Plc. with N0.11 kobo or 12.22 per cent, International Breweries Plc. with N3.12 kobo or 11.61 per cent, Fidson Healthcare Plc with N0.17 kobo or 7.14 per cent, Africa Prudential Registrars Plc with N0.15 kobo or 6.17 per cent, Nestle Nigeria Plc. with N65.10 kobo or 5.81 per cent, Honeywell Flour Mill Plc with N0.18 kobo or 5.63 per cent, Dangote Cement Plc with N11.00 kobo or 5.50 per cent, Continental Reinsurance Plc with N0.06 kobo or 5.45 per cent, and National Salt Co. Nig. Plc with N0.65 kobo or 5.06 per cent.

Union Bank Nigeria Plc led on the losers chart with N1.25 kobo or 12.63 per cent, Airline Services And Logistics Plc with N0.47 kobo or 12.40 per cent, Neimeth International Pharmaceuticals Plc N0.14 kobo or 12.28 per cent, Cornerstone Insurance Company Plc with N0.05 kobo or 8.06 per cent, Unilever Nigeria Plc with N3.68 kobo or 6.40 per cent, Guinness Nig Plc with N14.99 kobo or 5.88 per cent, IHS Plc with N0.15 kobo or 5.64 per cent, Cadbury Nigeria Plc with N3.52 kobo or 5.33 per cent, Custodian And Allied Insurance Plc with N0.11 kobo or 5.24 per cent and Paints And Coatings Manufactures Plc with N0.10 kobo 5.13 per cent.

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