Monday, 30 August 2010 00:00 By Moses Ebosele and Femi Adekoya

INVESTORSrenewed interest in government bonds at the over-the-counter bond market has enhanced turnover volume as N256.2 billion worth of bonds changed hands compared to the preceding weeks volume.

Precisely, a turnover of 260.9 million units of bonds worth N256.2 billion was recorded last week, in contrast to a total of 239.15 million units valued at N243.8 billion.

Although, there were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors, the 10 per cent FGN July 2030 was the most traded bond with a volume of 97.63 million units valued at N88.8 billion, followed by the four per cent FGN April 2015 with a traded volume of 34.6 million units valued at N28.4 billion.

For the equities sub-sector, investors traded 1.2 billion shares worth N10.4 billion last week, in contrast to a total of 1.2 billion shares valued at N11.61 billion.

Accounting for the volume of activities in the equities sector, the banking sub-sector was the most active in volume terms trading 725.8 million shares valued at N5.8 billion, followed by the insurance sub-sector with 79.03 million shares worth N85.3 million, while the food/beverages and tobacco sub-sector ranked third with an exchange of 60.7 million shares worth N1.4 billion.

A review of activities in the sub-sectors showed that the volume in the banking sub-sector was largely driven by activity in the shares of UBA Plc, FirstBank of Nigeria Plc, Union Bank of Nigeria Plc and Guaranty Trust Bank Plc.

Trading in the shares of the four banks accounted for 327.8 million shares, representing 45.2 per cent and 27.3 per cent of the sub-sector’s turnover and total volume traded during the week, respectively.

For the insurance sub-sector, 27.2 million shares of AIICO Insurance Plc boosted the volume and Continental Reinsurance Plc, while 24.8 million shares of National Salt Company of Nigeria Plc and Dangote Sugar Refinery Plc lifted the volume in the food/beverages and tobacco sub-sector.

With price losses outnumbering price gains, performance indices of the Nigerian Stock Exchange maintained a bearish stance, as the All-Share Index depreciated by 832.35 points or 3.34 per cent to close on Friday at 24,274.51 points while the market capitalisation of the 199 first -tier equities closed lower at N5.94 trillion. Also, the NSE-30 Index depreciated by 33.51 points or 3.22 per cent to close at 1,012.41 points, unlike in the preceding week when the All-Share Index and NSE-30 Index appreciated by 0.5 per cent and 0.7 per cent, respectively.

Similarly, all the four sectorial indices depreciated for the second week running last week. Precisely, the NSE Food/Beverage Index depreciated by 27.74 points or 3.33 per cent to close at 782.43 points, the NSE Banking Index depreciated by 16.69 points or 4.5 per cent to close at 355.43 points, the NSE Insurance Index depreciated by 5.51 points or 3.2 per cent to close at 168.88 points and the NSE Oil/Gas Index depreciated by 8.97 points or 2.43 per cent to close at 361.47 points.

On the week’s price gainers’ chart, African Petroleum Plc led 24 other stocks with a gain of 582 kobo to close at N27.02 per share, followed by Northern Nigerian Flour Mills Plc with 214 kobo to close at N44.98 per share, while Guinness Nigeria Plc added 200 kobo to close at N167.00 per share.

On the other hand, Oando Plc led 64 other stocks to suffer price depreciation, dropping by 695 kobo to close at N62.05 per share, followed by PZ Cussons Nigeria Plc with a loss of 400 kobo to close at N35.00 per share, while Benue Cement Company Plc lost 250 kobo to close at N62.50 per share.

INVESTORS renewed interest in government bonds at the over-the-counter bond market has enhanced turnover volume as N256.2 billion worth of bonds changed hands compared to the preceding weeks volume.  Precisely, a turnover of 260.9 million units of bonds worth N256.2 billion was recorded last week, in contrast to a total of 239.15 million units valued at N243.8 billion.

 

Although, there were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors, the 10 per cent FGN July 2030 was the most traded bond with a volume of 97.63 million units valued at N88.8 billion, followed by the four per cent FGN April 2015 with a traded volume of 34.6 million units valued at N28.4 billion.

 

 

For the equities sub-sector, investors traded 1.2 billion shares worth N10.4 billion last week, in contrast to a total of 1.2 billion shares valued at N11.61 billion.

 

Accounting for the volume of activities in the equities sector, the banking sub-sector was the most active in volume terms trading 725.8 million shares valued at N5.8 billion, followed by the insurance sub-sector with 79.03 million shares worth N85.3 million, while the food/beverages and tobacco sub-sector ranked third with an exchange of 60.7 million shares worth N1.4 billion.

 

 

A review of activities in the sub-sectors showed that the volume in the banking sub-sector was largely driven by activity in the shares of UBA Plc, FirstBank of Nigeria Plc, Union Bank of Nigeria Plc and Guaranty Trust Bank Plc.

 

 

Trading in the shares of the four banks accounted for 327.8 million shares, representing 45.2 per cent and 27.3 per cent of the sub-sector’s turnover and total volume traded during the week, respectively.

 

 

For the insurance sub-sector, 27.2 million shares of AIICO Insurance Plc boosted the volume and Continental Reinsurance Plc, while 24.8 million shares of National Salt Company of Nigeria Plc and Dangote Sugar Refinery Plc lifted the volume in the food/beverages and tobacco sub-sector.

 

 

With price losses outnumbering price gains, performance indices of the Nigerian Stock Exchange maintained a bearish stance, as the All-Share Index depreciated by 832.35 points or 3.34 per cent to close on Friday at 24,274.51 points while the market capitalisation of the 199 first -tier equities closed lower at N5.94 trillion.

 

 

Also, the NSE-30 Index depreciated by 33.51 points or 3.22 per cent to close at 1,012.41 points, unlike in the preceding week when the All-Share Index and NSE-30 Index appreciated by 0.5 per cent and 0.7 per cent, respectively.

 

 

Similarly, all the four sectorial indices depreciated for the second week running last week. Precisely, the NSE Food/Beverage Index depreciated by 27.74 points or 3.33 per cent to close at 782.43 points, the NSE Banking Index depreciated by 16.69 points or 4.5 per cent to close at 355.43 points, the NSE Insurance Index depreciated by 5.51 points or 3.2 per cent to close at 168.88 points and the NSE Oil/Gas Index depreciated by 8.97 points or 2.43 per cent to close at 361.47 points.

 

 

On the week’s price gainers’ chart, African Petroleum Plc led 24 other stocks with a gain of 582 kobo to close at N27.02 per share, followed by Northern Nigerian Flour Mills Plc with 214 kobo to close at N44.98 per share, while Guinness Nigeria Plc added 200 kobo to close at N167.00 per share.

 

 

On the other hand, Oando Plc led 64 other stocks to suffer price depreciation, dropping by 695 kobo to close at N62.05 per share, followed by PZ Cussons Nigeria Plc with a loss of 400 kobo to close at N35.00 per share, while Benue Cement Company Plc lost 250 kobo to close at N62.50 per share.

 

 

Source: Guardian

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