Airline Services Plc traded higher at the end of last week transactions on the Nigerian Stock Exchange.It led nine stocks with 19.69 per cent to close at N3.04 per share. Following Airline Services last week was Wema Bank, adding 10.53 per cent to close at N0.63 per share.
Other gainers of last week’s transactions are Livestock Feeds, Eternaoil, and Guinness adding 9.59,9.56 and 7.14 per cent to close at N0.80, N3.21 and N90.00 per share.
Redstar Express gained 7.14 per cent to close at N4.50 per share. Pharma Deko added 4.94 per cent to close at N1.70 per share. CAP garnered 4.89 per cent to close at N35.40 per share. Ikeja Hotel appreciated by 4.71 per cent to close at N1.78 per share. International Breweries also gained 4.68 per cent to close at N19.89 per share.
However, Cement Company of Northern Nigeria topped the losers’ chart with 14.34 per cemt to close at N4.48 per shar while National Aviation Handling Company followed with 14.18 per cent to close at N2.30 per share.Cadbury lost 14.13 per cent to close at N11.12 per share. Forte oil shed 12.70 per cent to close at N104.50 per share.
Lafarge depreciated by 12.54 per cent to close at N48.00 per share. Champion Breweries shed 10.23 per cent to close at N2.37 per share. Okomu oil dropped 9.64 per cent to close at N42.47 per share. Caverton lost 9.01 per cent to close at N1.00 per share. PZ Cussons also dropped 8.39 per cent to close at N16.49 per share.
Consequently, a turnover of 2.847 billion shares worth N7.420 billion were recorded in i16,065 deals by investors on the floor of the Exchange last week, in contrast to a total of 873.838 million shares valued at N8.024 billion that changed hands in 15,944 deals during the preceding week.
The financial services industry (measured by volume) led the activity chart with 2.632 billion shares valued at N4.935 billion traded in 10,882 deals; thus contributing 92.48 per cent and 66.51 per cent to the total equity turnover volume and value respectively.
The ICT industry followed with 105.401 million shares worth N52.702 million in 11 deals. The conglomerates industry ranked third with a turnover of 36.495 million shares worth N44.162 million in 446 deals.
Trading in the top three equities namely – Standard Alliance Insurance Plc, Chams Plc and Guaranty Trust Bank Plc (measured by volume) accounted for 2.310 billion shares worth N3.005 billion in 1,825 deals, contributing 81.16per cent and 40.49 per cent to the total equity turnover volume and value respectively.
Also traded during the week were a total of 5,080 units of Exchange Traded Products (ETPs) valued at N62,550.75 executed in 17 deals, compared with a total of 56,688 units valued at N817,310.72 transacted last week in 31 deals.
A total of 73,694 units of Federal Government Bonds valued at N80.177 million were traded in 9 deals compared to a total of 13,020 units of Federal Government Bonds valued at N12.953 million transacted last week in 14 deals.
The NSE All-share index and market capitalization depreciated by 3.0 per cent to close the week at 26,170.88 and N9.009 trillion respectively.
Similarly, all other Indices finished lower during the week while the NSE ASeM Index closed flat.Also, 18 equities appreciated in price during the week, lower than 24 equities of the previous week. 36 equities depreciated in price, lower than 37 equities of the previous week, while 127 equities remained unchanged higher than 120 equities recorded in the preceding week.
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