By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE’s) All-Share Index (ASI) inched up by 1.91 percent (1.91%) for the Week Ended Friday February 22 2013.
The NSE All-Share Index appreciated by 636.63 points at 33,895.08.
In the same vein, Market Capitalisation of the Listed Equities on the Nigerian Bourse appreciated by 1.91% to close at N10.846 trillion.
As contained in the NSE’s Weekly Report for the Period Ended Friday February 22 2013, the NSE Bloomberg NSE 30, Bloomberg NSE Consumer Goods and Bloomberg NSE Banking, Bloomberg NSE Oil/Gas and NSE Lotus II appreciated by 1.41%, 0.78%, 0.12%, 2.16%,and 3.48% respectively while the Bloomberg NSE Insurance depreciated by 6.54%.
According to the NSE’s Weekly Report, a Turnover of 2.482 billion shares worth N22.815 billion in 32,471 deals were transacted this week on its Floor compared to a total of 4.249 billion shares valued at N23.177 billion that exchanged hands last week in 39,391 deals.
A review of the Equity Price Movements indicated that thirty-eight (38) Equities gained while fifty-five (55) recorded price declines and one hundred and four (104) remained constant.
“When compared with the preceding week, fifty-one (51) Equities gained while forty-two (42) recorded price declines and one hundred and four (104) remained constant†the NSE Report said.
As usual, the Financial Services Sector was the most active during the week, contributing 69.14%, 59.98%, 58.39% to the Total Equity Turnover Volume, Value and Number of Trades respectively in 1.716 billion shares valued at N13.684 billion exchanged hands by investors in 18,961 deals.
Also, the Consumer Goods sector followed with a turnover volume of 199.667 million shares worth N6.120 billion in 5,677 deals. While the Conglomerates sector came third with a turnover volume of 186.997 million shares worth N479.219 billion in 1,441 deals.
Trading in the top three Equities namely Unity Bank Plc, Transnational Corporation of Nigeria Plc, Guaranty Trust Bank Plc (measured by turnover volume) accounted for 552.779 million shares worth N4.070 billion in 4,417 deals.
Also, traded during the week under review is 16,050 units of FGN Bonds valued at N19.339 million were traded during in 66 deals compared to 6,460 units valued at N7.970 million transacted last week in 21 deals.
“However, there were no transactions in the State/Local Government Bonds and Corporate Bonds/Debentures sectors†the NSE Weekly Report said.
On the otherhand, Analyst at INVESTMENT ONE Financial Services said 1.91% up-tick has tlifted the Year-to-Date Return to 20.71%.
The further said from a global perspective, the NSE ASI ranks as the second best performing Index Year-to-Date (19.72% in dollar terms) after the Ghana Stock Exchange (GSE) with 20.1% (dollar return).
However, they said that activity wise, volume of shares traded slowed by 39.6% to gross 2.57 billion just as value of trades trimmed marginally by 1.5% to N22.82 billion for the week.
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