The Nigerian Stock Exchange has delisted the N35bn FGN Bond February 2012 from the Daily Official List.

The NSE report for the week ended March 2, 2012, noted that this bond was delisted early last week on maturity, adding that by the move, the number of listed FGN Bonds had dropped to 26.

It stated that in the Over-the-Counter bond market 117.94 million units worth N97bn were exchanged last week in 1,025 transactions, compared to 204.31 million units, valued at N169bn exchanged the previous week, in 1,569 deals.

According to the report, the most active bond measured in terms of turnover was the 10.7 per cent FGN May 2018 Bond with a traded volume of 24.53 million units valued at N20.48bn in 212 deals.

This was followed by the seven per cent FGN October 2019 Bond with a traded volume of 17.9 million units valued at N11.71bn in 145 transactions.

The report added that 15 of the available 27 FGN Bonds were traded during the week, compared with 17 traded the previous week.

According to the report, 29 equities appreciated during the week, lower than 33 recorded the preceding week.

Dangote Cement Plc led on the gainers’ table, with a gain of N5.25 or five per cent to close at N110.25 per share. Oando Plc followed on the chart, rising by N4.32 or 21.5 per cent to close at N24.43 per share.

Three banking stocks – Zenith Bank Plc, Access Bank Plc and United Bank for Africa Plc also rose by 61 kobo, 60 kobo and 58 kobo to close at N14.05, N7.63 and 2.98 per share, respectively.

Other stocks that gained during the week included Unilever Nigeria Plc, rising by 58 kobo; Julius Berger Nigeria Plc, rising by 55 kobo; NCR Plc rising by 48 kobo and Nigerian Aviation Handling Company Plc, which gained 45 kobo.

On the other hand, 33 stocks recorded price depreciation higher than 32 which lost the preceding week.

Four equities in the consumer goods sub-sector led on the losers table, with Nestle Nigeria Plc leading the chart, with a loss of 4.8 per cent or N20 to close at N400 per share.

Guinness Nigeria Plc followed with a loss of N11.90 or 5.4 per cent to close at N209.10 per share, while Nigerian Breweries Plc and Seven Up Bottling Company Plc lost 5.1 per cent and 4.6 per cent to close at 97.99 and 43.90 per share respectively.

Source: Punch/Udeme Ekwere