News Column

Access, Transcorp, Zenith Lead Equity Market Activities

August 25, 2014

ACCESS Bank Plc, Transcorp Corporation of Nigeria Plc and Zenith International Bank Plc led the Nigerian Stock Exchange (NSE) trading in terms of volume last week. Trading in the three equities accounted for 228.837 million shares worth N2.863 billion in 3,188 deals. They contributed 22.20 per cent and 23.31 per cent to the total turnover volume and value respectively.

Premier Breweries Plc topped the gainers, in terms of percentage, adding 43.64 per cent to close at N1.58. It was followed by Conerstone Insurance Plc, Fidson Healthcare Plc, Seven-Up Bottling Company Plc and Sterling Bank Plc. Other top gainers were MRS Oil Nigeria Plc,Neimeth International Pharmaceuticals Plc, NPF Microfinance Bank Pl, Conoil Plc and Parma-Deko Plc.

On the other hand, Flour Mills Nigeria Plc, falling by 15.81 per cent, led the loser table. It was followed by Evans Medical Plc, Fortis Microfinance Bank Plc, RT Briscoe (Nigeria) Plc and Academy Press Plc. Vono Products Plc, Skye Bank Plc, Northern Nigeria Flour Mills Plc, Costain (West Africa) Plc and Caverton Offshore Support GRP Plc followed the order on the table.

With 790.128 million shares valued at N6.366 billion, the financial services industry, measured by volume led the activity chart. The sector contributed 76.67 per cent and 51.82 per cent to the total volume and value of the trading respectively.

Conglomerate industry occupied distant second position with a turnover of 81.650 million shares worth N663.774 million traded in 1,534 deals. It was followed by consumer goods, which traded 54.716 million shares valued N3.154 billion.

A total number of 1.031 billion shares worthy N12.284 billion traded in 22,055 deals exchanged hands in the five-trading days.

The All-share Index and market capitalisation appreciated by 0.44 per cent to close at 41,5464.19 basic points and N13.724 trillion respectively. Apart from banks and consumer goods, all the sectors closed on a positive note. The banking sector lost 0.18 per cent on aggregate while consumer goods went down by 0.06 per cent. Oil/gas gained 1.05 per cent while industrial goods added 0.93 per cent.

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Source: AllAfrica

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