NSE: Indicators trend northward as Zenith, Transcorp,
Unity Bank top activity
Major indicators were up on Friday at the Nigerian Stock Exchange with All-Share Index appreciating by 0.95 per cent to close at 37,342.73 while the market capitalisation of the equities on the main board also aincreased by 0.95 per cent to close at N11.897 trillion.
The past week had only three trading days as the Federal Government of Nigeria had declared Tuesday, October 15 and Wednesday October 16, 2013 as public holidays to celebrate the Eid-el-Kabir.
Trading activities on Friday showed that the NSE 30 Index gained 1.23 per cent to close at 1,757.14.
Other market indicators appreciated during the week with the exception of one.
NSE Consumer Goods, NSE Banking, NSE Insurance, NSE Oil/Gas and NSE Lotus II added 2.68 per cent, 1.57 per cent, 0.43 per cent, 10.52 per cent and 1.21 per cent respectively. However the NSE Industrial Goods Index depreciated by 0.60%, while the NSE-ASeM closed flat.
The Financial Services Industry (measured by volume) led the activity chart with 702.814 million shares valued at N7.559 billion traded in 9,280 deals; thus contributing 78.51 per cent and 64.83 per cent to the total equity turnover volume and value respectively.
Trading in the top three equities namely Zenith Bank Plc, Transnational Corporation of Nigeria Plc and Unity Bank Plc (measured by volume) accounted for 312.180 million shares worth N3.649 billion in 1,705 deals, contributing 34.87% and 31.30% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with a turnover of 82.502 million shares worth N307.986 million in 741 deals, while the Consumer Goods Industry came third with 48.371 million shares worth N2.289 billion in 2,382 deals.
Similarly, a total of 365 units of NewGold Exchange Traded Funds (ETFs) valued at N738,965 executed in 4 deals were traded during the week compared with a total of 85 units valued at N171, 665 transacted last week in 2 deals.
Also, 210 units of FGN bonds valued at N249,371.96 were traded during the week in 3 deals in contrast to 5,390 units valued at N5.446 million transacted last week in 5 deals.
At the closer of trading for three days a turnover of 895.210 million shares worth N11.659 billion in 14,989 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 1.482 billion shares valued at N15.164 billion that exchanged hands last week in 21,606 deals.
Forty three equities appreciated in prices during the week higher than Forty one equities of the preceding week. Twenty nine equities depreciated in prices lower than Thirty nine equities of the preceding week, while one hundred and twenty five equities remained unchanged higher than one hundred and seventeen equities of the preceding week.