The Nigerian Stock Exchange has admitted the Lagos State Government’s N80bn into the Daily Official List.

According to the NSE report for the week ended February 1, 2013, the 14.5 per cent Fixed Rate Series 1 bond, which is due in year 2019, was listed on Friday.

Also, a total of 2.911 billion shares were added to the outstanding shares of Wapic Insurance Plc, thus bringing the total outstanding shares of the company to 7.973 billion.

The NSE report stated that 234 units of NewGold Exchange Traded Funds valued at N595,491 exchanged hands last week, in five deals. This was in contrast to a total of 196 units valued at N504,481 exchanged the preceding week in four deals.

  In addition, 610 units of FGN bonds valued at N76, 432 were traded during the week in 14 deals. The NSE’s  report stated that there were no transactions in the State/Local Government Bonds and Corporate Bonds/Debentures sectors.

In the Over-the-Counter Bond market, a turnover of 162.884 million units valued at N189.954bn were exchanged by investors in 956 deals last week, compared to 136.495 million units worth N152.254bn exchanged the preceding week in 910 deals.

A review of the equity price movements last week, indicated that 55 equities gained, while 27 recorded price declines and 115 stocks remained constant.

The previous week, 49 equities gained, 31 recorded price declines, while 117 remained unchanged.

Nestle Nigeria Plc recorded the highest price appreciation of the week, rising by 8.9 per cent or N66.99 to close at N819.99 per share. Julius Berger Nigeria Plc followed on the chart with a gain of 28.11 per cent or N14.48 per share to close at N66 per share.

Nigerian Breweries Plc gained 7.42 per cent or N11.40 to close at N165 per share, while Flour Mills of Nigeria Plc and Guinness Nigeria Plc rose by 10.10 per cent and 2.47 per cent to close at N80.91 and N292.03 per share in that order.

On the other hand, UACN Plc recorded the highest price depreciation of the week, shedding 9.42 per cent or N4.90 to close at N47.10 per share.

Chemical and Allied Products Plc also lost 9.42 per cent or N2.95 to close at N30.61 per share.

Dangote Cement Plc shed 9.42 per cent or N2.13 to close at N144.87 per share, while International Breweries Plc and Oando Plc lost 9.42 each to close at N22.71 and N13 per share in that order.

Source: Punch (written by Udeme Ekwere)