By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) All-Share Index (ASI) Friday inched up by 0.94 percent (0.94%) to close the week after the Christmas holidays.
The NSE ASI appreciated by +0.94% to close at 40,231.68 basis points, compared with the depreciation of -0.12% recorded previously.
According to the Nigeria’s Exchange stock market report for December 27, 2013 all the other NSE indices except the NSE ASeM (which remained unchanged) appreciated during the week: NSE 30 by 1.85% to close at 1,848.46, NSE Consumer Goods by 0.43% to close at 1,086.58, NSE Banking by 2.63% to close at 422.11, NSE Insurance by 1.28% to close at 149.89.
The report affirmed that the NSE Oil/Gas Index increased by 6.67% to close at 325.40, NSE Lotus Islamic Index by 1.37% to close at 2,824.29 and NSE Industrial Goods Index by 1.63% to close at 2,501.21.
In terms of turnover, the Nigerian Bourse recorded a turnover of 1.278 billion shares worth N6.897 billion in 10,761 deals were within the week by investors compared to a total of 2.726 billion shares valued at N18.777 billion that exchanged hands last week in 22,228 deals.
This indicates that market turnover closed negative as volume traded depreciated by -38.26% compared to +110.57% increase recorded in the previous week.
The report further affirmed that the Financial Services Industry (measured by volume) led the activity chart with 749.658 million shares valued at N3.216 billion traded in 5,541 deals; thus contributing 58.68% and 46.62% to the total equity turnover volume and value respectively.
While the Information and Communication Technology (ICT) Industry followed with a turnover of 270.481 million shares worth N137.141 million in 99 deals. The third place was occupied by the Conglomerates Industry with 124.842 million shares worth N626.895 million in 1,041 deals.
The NSE reported that trading in the top three (3) equities namely, Mass Telecommunication Innovations Nigeria Plc, Unity Bank Plc and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 601.665 million shares worth N775.880 million in 1,341 deals, contributing 47.09% and 11.25% to the total equity turnover volume and value respectively.
Summary of price changes in the review period shows that 58 equities appreciated in prices during the week higher than 43 recorded the previous week. While 11 equities depreciated in prices lower than 34 reported last week. 129 equities remained unchanged higher than 121 in the previous week.
