By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) All-Share Index (ASI) is still amongst the global leading indices with a 35.09 percent (35.09%) Year-to-Date (YTD) return, according to reports from Investment One Financial Services.
Investment One’s financial markets report for the week ended December 13, 2013, says that the NSE ASI delivered 35.09% YTD return in Dollar terms still leading key global indices.
The Investment One report says rounding up the week with a 0.03% modest drop to 38,831.49 points, the Bears sustained their pressure on the Nigerian bourse as the index closed negative on most days this week.
Investment One further reported that Week-to-Date (WTD) return however delivered 0.24% gain as the progress on the bourse on the first two trading days in week was able to cover for the losses on other days.
The report further affirmed that activity level particularly improved with a surge in daily average volume and value to 503 million units worth N3.768 billion. Currently, the benchmark index stands at 26.76% premium to the YTD low while it trades at 3.04% discount to the YTD high.
Similarly, the Nigeria’s Exchange in its weekly report for the period ended December 13 2013 shows that ASI increased by 0.24 percent (0.24%) at 38, 831.59 for the week ended December 13, 2013.
According to the NSE’s weekly report, five (5) of the NSE indices appreciated during the week: the NSE 30, NSE Banking, NSE Insurance, NSE Oil/Gas, and NSE Industrial Goods indices rose by 0.09%, 0.02%, 1.29%, 0.40% and 3.25% respectively. However, the NSE Consumer Goods and NSE Lotus II indices slipped by 1.55% and 0.19% respectively while the NSE ASeM index closed flat .
Also, market capitalization appreciated by 0.29% to close at N12.427 trillion and a turnover of 2.767 billion shares worth N18.671 billion in 24,007 deals were traded this week by investors on the floor of the Nigerian bourse, compared to a total of 2.266 billion shares valued at N19.008 billion that exchanged hands last week in 25,853 deals.
The NSE’s report said the Financial Services Industry (measured by volume) led the activity chart with 1.894 billion shares valued at N8.828 billion traded in 12,359 deals; thus contributing 68.43% and 47.28% to the total equity turnover volume and value respectively.
While the Conglomerates Industry followed with a turnover of 310.318 million shares worth N1.528 billion in 2,427 deals; contributing 11.21% and 8.18% to the total equity turnover volume and value respectively. The third place was occupied by the ICT industry with 301.114 million shares worth N803.914 million in 102 deals.
The weekly report said trading in the top three (3) equities namely, Unity Bank Plc, Transnational Corporation of Nigeria Plc and E-Tranzact International Plc (measured by volume) accounted for 1.504 billion shares worth N2.488 billion in 2,686 deals, contributing 54.35% and 13.33% to the total equity turnover volume and value respectively.
Also, 26 equities appreciated in prices during the week lower than 50 of the preceding week. 51 equities depreciated in prices higher than 26 equities of the preceding week, while 120 equities remained unchanged lower than 122 recorded last week.
