By Yakubu LAAH InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) All-Share Index (ASI) Friday rose by 26.72 percent (26.72%) to lead other global stock markets for the period ended September 27 2013, according to Investment One’s Financial Markets Report.
“The NSE’s ASI maintained its top performance as its Year-to-Date (YTD) return in US Dollar terms rose 26.72% to lead other global stock markets, Investment One said.
Coming behind the NSE on the top global stock markets indices is the Nikkei 225 which closed at 24.34%, S&P 500 index at 18.65%, the Dow Jones Industrial Average at 16.37%, the ESTX50 at 13.58% amongst others.
However, the NSE ASI rose by 0.69% compared to last week’s 0.25% to close at 36, 436.98 for the period ended September 27 2013, while the market capitalization of the equities on the main board also appreciated by 0.69% to close at N11.606trillion according to the NSE’s weekly report.
Similarly, the NSE 30 Index inched up by 0.98% to close at 1,708.31, other NSE indices appreciated during the week with the exception of two. NSE Consumer Goods, NSE Insurance, NSE Lotus II and NSE Industrial Goods inched up by 1.46%, 1.54%, 2.34%, and 2.26% respectively, while the NSE Banking and NSE Oil/Gas slipped by 0.47% and 0.22% respectively.
According to Afrinvest in its Nigeria Weekly Stock Market Summary, the ASI was 97bps and top gainers for the week were IPWA (20.7%), Vono (14.6%), RT Briscoe (10.7%), Academy (10%) and Air Services and Logistics (9.5%).
Afrinvest weekly summary said sentiments were skewed to the sell side for most mid-tier banks in the review period, while demand for top-tier banks led to modest cumulative gains at the end of the week.
The report affirmed that participants seeking to lock in gains from the nascent rally of Unity Bank sent it south early in the week and gains recorded in the last two trading sessions of the week could not erase losses booked.
Also, the NSE recorded a turnover of 1.391 billion shares worth N11.722 billion in 22,314 deals traded last week by investors on its bourse compared to a total of 1.514 billion shares valued at N12.062 billion that exchanged hands last week in 24,983 deals.
According to the NSE, the Financial Services sector (measured by volume) led the activity chart with 970.742 million shares valued at N6.830 billion traded in 11,986 deals; thus contributing 69.80%, 58.26% and 53.72% to the total equity turnover volume, value and number of deals respectively.
While the Conglomerates sector followed with a turnover of 230.869 million shares worth N640.739 million in 1,139 deals, contributing 16.60%, 5.47% and 5.10% to the total equity turnover volume, value and number of deals respectively.
The Consumer Goods sector came third with 84.633 million shares worth N2.760 billion in 4,354 deals.
The NSE report said trading in the top three equities namely Unity Bank Plc, Transnational Corporation of Nigeria Plc, and Guaranty Trust Bank Plc (measured by volume) accounted for 552.819 million shares worth N2.771 billion in 3,316 deals, contributing 39.75%, 23.64% and 14.86% to the total equity turnover volume, value and deals respectively.
Also, 9,445 units of FGN bonds valued at N10.074 million were traded during the week in 4 deals in contrast to 4,410 units valued at N4.928 million transacted last week in 5 deals.
A summary of price changes shows that 43 equities appreciated in prices during the week higher than 36 of the preceding week.
Also, 32 equities depreciated in prices lower than 36 of the preceding week, while 119 equities remained unchanged lower than 122 of the preceding week.
Click to read full NSE’s Weekly Report
Click to read Afinvest weekly update
Click to read Investment One’s Financial Markets report
