The NSE-30 Index depreciated by 24.99 points or 2.51 per cent to close at 964.61. Last week, ASI and NSE-30 Indices depreciated by 3.33 per cent and 3.25 per cent, respectively.
Two of the four sectorial indices appreciated during the week compared with all four that so depreciated during the preceding week.
The NSE banking index appreciated by 3.00 points or 1.07 per cent to close at 316.23, the NSE Oil & Gas Index appreciated by 0.66 points or 0.26% to closed at 258.27 while the NSE Food and Beverage Index depreciated by 32.29 points or 4.28 per cent to close at 731.73 and the NSE Insurance Index depreciated by 0.54 points or 0.34 per cent to close at 147.23.
The stock market opened for just three days, as Tuesday 30 and Wednesday 31 August, 2011 were declared public holidays by the Federal Government to mark the Eid-el-Fitri.
There were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.
Consequently, N19 stocks appreciated in price during the week same as in the preceding week.
Guinness Nigeria Plc. led on the gainers’ table with a gain of N3.00 or 1.4 per cent to close at N218.00 per share while Okomu Oil Palm Plc followed with a gain of N1.36 or 8.00 per cent to close at N18.37 per share.
Other price gainers in the top 10 category included Lafarge Cement WAPCO Nigeria Plc. (N1.00 or 2.44 per cent), Nestle Nigeria Plc. (99 kobo or 0.25 per cent), Zenith Bank Plc. (59 kobo or 4.78 per cent), Guaranty Trust Bank Plc.( 59 kobo or 4.63 per cent), First Bank of Nigeria Plc. (22 kobo or 2.03 per cent), NCR (Nigeria) Plc. (19 kobo or 4.8 per cent), Roads Nigeria Plc. (17 kobo or 4.90 per cent) and Diamond Bank Plc. (13kobo or 3.19 per cent).
On the other hands, 46 stocks depreciated in price during the week, higher than the 43 of the preceding week. Dangote Cement Plc. led on the price losers’ table, dropping by N7.11 (6.40 per cent) to close at N104.00 per share while Flour Mills Nigeria Plc. followed with a loss of N5.50 (6.75 per cent) to close at N76.00 per share, among others.
A turnover of 0.68 billion shares worth N3.6b in 13,712 deals was recorded during the week, in contrast to a total of 1.72 billion shares valued at N12.04b exchanged the preceding week last week in 24,817 deals.
The banking sub-sector was the most active during the week (measured by turnover volume); with 366.58 million shares worth N2.21 b exchanged by investors in 7,185 deals.
Volume in the banking sub-sector was largely driven by activity in the shares of Intercontinental Bank Plc., Access Bank Plc., Zenith Bank Plc. and Guaranty Trust Bank Plc. Trading in the shares of the four banks accounted for 183.68 million shares, representing 50.11 per cent and 26.85 per cent of the subsector’s turnover and total volume traded during the week, respectively.
The insurance sub-sector, boosted by activity in the shares of NEM Insurance Plc. and Universal Insurance Plc., followed on the week’s activity chart with a subsector turnover of 109.75 million shares valued at N60.038m in 1,919 deals.
At the preceding week, the banking sub-sector led on the activity chart, followed by the insurance subsector.
No comments:
Post a Comment