Weekly Market Report: About N35 billion Shares Worth Traded…

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The NSE Weekly Market Report presents a summary of all activities relating to securities trading on The NSE’s market. It includes the detailed summary of securities traded in the week under review, company-specific financials, corporate actions and other announcements.

It was a four-day trading week as the Federal Government of Nigeria declared Friday, 1 December 2017 as a Public Holiday to mark Eid-el-Maulud celebration. Meanwhile, a total turnover of 14.257 billion shares worth N35.056 billion in 17,379 deals was traded this week by investors on the floor of the Exchange in contrast to a total of 2.182 billion shares valued at N22.795 billion that exchanged hands last week in 17,019 deals.

The Conglomerates Industry (measured by volume) led the activity chart with 11.396 billion shares valued at N14.534 billion traded in 890 deals; thus contributing 79.94% and 41.46% to the total equity turnover volume and value respectively. The Financial Services Industry followed with 2.484 billion shares worth N9.797 billion in 9,205 deals.

The third place was occupied by Consumer Goods Industry with a turnover of 164.156 million shares worth N8.127 million in 4,405 deals. Trading in the Top Three Equities namely – Transnational Corporation of Nigeria Plc, Wapic Insurance Plc and Fidelity Bank Plc (measured by volume) accounted for 12.998 billion shares worth N15.494 billion in 1,813 deals, contributing 91.17% and 44.20% to the total equity turnover volume and value respectively.

ETPs
Also traded during the week were a total of 1,090 units of Exchange Traded Products (ETPs) valued at N14,708.50 executed in 10 deals, compared with a total of 127 units valued at N13,837.30 that was transacted last week in 5 deals.

BONDS
A total of 21,670 units of Federal Government Bonds valued at N23.125 million were traded this week in 17 deals, compared with a total of 9,024 units valued at N9.485 million transacted last week in 15 deals.

INDEX MOVEMENT

The NSE All-Share Index and Market Capitalization appreciated by 1.55% and 1.58% to close the week at 37,944.60 and N13.215 trillion respectively. Similarly, all other indices finished higher during the week with the exception of the NSE ASeM Index that closed flat.

SUMMARY OF PRICE CHANGES
Thirty-nine (39) equities appreciated in price during the week, higher than thirty-six (36) of the previous week. Twenty-three (23) equities depreciated in price, lower than twenty-four (24) equities of the previous week, while one hundred and nine (109) equities remained unchanged lower than one hundred and eleven (111) equities recorded in the preceding week.

NEW LISTINGS
EQUITY
A total volume of 800,000,000 ordinary shares of 50k each of Global Spectrum Energy Services Plc at N5.00 per share were admitted on the Daily Official List of the Exchange on the 27th of November, 2017.

OTHER MARKET NEWS
SIM CAPITAL ALLIANCE VALUE FUND: CLOSURE OF REGISTER – YEAR ENDED 30 JUNE
2017– Proposed Distribution: N10 per Unit, Proposed Bonus: Nil, Qualification Date: 11th December 2017, Closure Date: 12th December 2017, AGM Date: 19th December 2017, Payment Date: 27th December 2017, AGM Venue: 8th Floor, Plot 1684, Sanusi Fafunwa Street, Victoria Island, Lagos.

UPDC REAL ESTATE INVESTMENT TRUST (INTERIM DIVIDEND): CLOSURE OF REGISTER –PERIOD ENDED 30 SEPTEMBER 2017– Proposed Dividend:

44Kobo per Unit, Proposed Bonus: Nil, Closure Date: 11th December 2017, Payment Date: 20th December 2017.

Click here to  download  the entire report.

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