Nigerian stock market capitalisation fall by 1.51%
Salamatu Ejembi, Lagos
The Nigerian Stock Exchange, NSE concluded the trading week with the All-Share Index and market capitalisation depreciating by 1.52% and 1.51% to close the week at 21,861.78 and N11.393 trillion respectively.
A total turnover of 1.452 billion shares worth N14.918 billion in 21,828 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 2.804 billion shares valued at N32.559 billion that exchanged hands last week in 31,715 deals.
Thirty-five (34) equities appreciated in price during the week, lower than Thirty-five (35) in the previous week.
Thirty (30) equities depreciated in price, higher than Twenty- seven (27) equities in the previous week, while Ninety-nine (99) equities remained unchanged, lower than one hundred and one (101) equities recorded in the preceding week.
Trading in the Top Three Equities namely, Zenith Bank Plc, Guaranty Trust Bank Plc and FBN Holdings Plc, when measured by volume, accounted for 713.795 million shares worth N8.610 billion in 8,608 deals, contributing 49.18% and 57.71% to the total equity turnover volume and value respectively.
On sectoral performances, all other indices finished lower with the exception of the Banking, Insurance, AFR Bank Value and MERI Value indices, which appreciated by 2.06%, 3.25%, 3.47% and 2.93% while NSE ASeM Index closed flat.
The Financial Services industry, when measured by volume, led the activity chart with 1.224 billion shares valued at N10.590 billion traded in 14,944 deals; thus contributing 84.32% and 70.99% to the total equity turnover volume and value respectively.
The Conglomerates followed with 50.261million shares worth N61.457 million in 442 deals. The third place was the Consumer Goods industry, with a turnover of 47.276 million shares worth N2.509 billion in 2,225 deals.
A total of 20 units valued at N130.90 were traded this week in 2 deals, compared with a total of 15,121 units valued at N87.766 million transacted last week in 7 deals.
A total of 28,527 units of Federal Government Bonds valued at N29.950 million were traded this week in 18 deals, compared with a total of 16,204 units valued at N19.101 million transacted last week in 8 deals.
Meanwhile, within the week, eTranzact International Plc, had through its Stockbroker, Cordros Securities Limited , submitted an application to The Nigerian Stock Exchange for the approval and listing of a Rights Issue of Four Billion, Six Hundred and Sixty-Six Million, Six Hundred and Sixty-Six Thousand, Six Hundred and Sixty-Seven (4,666,666,667) ordinary shares of fifty kobo (N0.50) each at One Naira Fifty Kobo (N1.50) per share, on the basis of ten (10) new ordinary shares for every nine (9) ordinary shares held.
The Qualification Date for the Rights Issue is, was Wednesday, 25 March 2020.
Also, an additional 752,508,000 ordinary shares of Golden Guinea Breweries Plc were listed on the Daily Official List of The Nigerian Stock Exchange on Thursday, 26 March 2020.
The additional shares listed on The Exchange arose from the Placement of 752,508,000 ordinary shares of 50 kobo each to Pan Marine Investment Limited at N1.60 per share.
With this listing of the additional 752,508,000 ordinary shares, the total issued and fully paid up shares of Golden Guinea Breweries Plc on the Daily Official List of The Exchange has increased from 272,160,000 to 1,024,668,000 ordinary shares of 50 kobo each.