The Nigerian Stock Exchange (NSE) All-Share Index and Market Capitalization depreciated by 2.23% and 1.92% respectively to close on Friday at 34,930.02 and N11.903 trillion in another brief trading week as the market opened for four days, having observed Monday 6th of April, 2015 as Public Holiday declared by the Federal Government of Nigeria to mark “Easter” celebrations.
Similarly, all the Indices finished lower during the week with the exception of the NSE Consumer Goods and NSE Lotus II indices that chalked up by 1.04% and 0.34% respectively. However, the NSE ASeM Index that closed flat.
Meanwhile, a turnover of 3.511 billion shares worth N25.196 billion in 26,836 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 2.632 billion shares valued at N36.583 billion that exchanged hands last week in 21,393 deals.
The Financial Services Industry (measured by volume) led the activity chart with 3.000 billion shares valued at N18.262 billion traded in 16,356 deals; thus contributing 85.44% and 72.48% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with a turnover of 259.080 million shares worth N1.120 billion in 1,650 deals. The third place was occupied by the Consumer Goods Industry with 89.843 million shares worth N3.103 billion in 3,768 deals.
Trading in the Top Three Equities namely- Diamond Bank Plc, Standard Alliance Insurance Plc and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 1.773 billion shares worth N4.964 billion in 1,589 deals, contributing 50.49% and 19.70% to the total equity turnover volume and value respectively.
Also traded during the week were a total of 25,721 units of Exchange Traded Products (ETPs) valued at N1.838 million executed in 23 deals compared with a total of 27,730 units valued at N533,087.50 thousands transacted last week in 22 deals.
There was no bond traded this week. However, a total of 16,500 units of Bonds (Corporate bond 12,000 units and State bond 4,500 units) valued at N17.370 million were traded last week in 6 deals.
Twenty-five equities appreciated in price during the week, lower than 72 equities of the preceding week. Fifty-three equities depreciated in price, higher than six equities of the preceding week, while 118 equities remained unchanged, the same with the preceding week.
A total of 8,685,145,863 ordinary shares of 50k each at N5.80 per share were added to the outstanding shares of the Diamond Bank Plc on 9th of April 2015. The shares arose from the rights issue which was 100% subscribed. The new total outstanding shares of the company now stood at 23,160,388,968 units.
The UBA Plc’s N45 billion (Series 1) 7 years 16.45% fixed rate subordinated unsecured notes due 2021 under a N345 billion medium term note programme was admitted to trade at the Exchange on 8th April, 2015.
The African Development Bank’s N12.95 billion 7-year 11.25% fixed rate senior unsecured notes due 2021 under a N160 billion debt issuance programme was admitted to trade at the Exchange on 10th April, 2015.