Courtesy of Lead Capital, here is the NSE report for the week ended January 22nd 2010:

NSE ASI Index closes in the negative borders.
The NSE ASI recorded 14 basis points decline at the end of the review period to close at 22,030.18.

A turnover of 2.35 billion shares worth N11.8 billion in 160,784 deals was recorded this week, in contrast to a total of 2.2 billion shares valued at N12.8 billion exchanged last week in 34,511 deals. The Banking subsector was the most active during the week (measured by turnover volume), with 1.11 billion shares worth N7.9 billion exchanged by investors in 17,452 deals. Volume in the Banking subsector was largely driven by activity in the shares of Zenith Bank Plc, Finbank Plc and Fidelity Bank Plc. Trading in the shares of the three Banks accounted for 552.13 million shares, representing 49.6% of the subsector’s turnover. The Insurance subsector, boosted by activity in the shares of Unity Kapital Assurance Plc and Guaranty Trust Assurance Plc, followed on the week’s activity chart with a turnover of 412.1 million shares valued at N613.94 million in 1,756 deals. Last week, the Banking subsector led on the activity chart and was followed by the Insurance subsector

Mixed sentiments recorded on the floor of the Nigerian Stock Exchange saw Fifty- Eight (58) stocks appreciate in price during the week, higher than the fifty-two (52) of the preceding week. Cadbury Nigeria Plc led on the gainers’ table with a gain of 26.63% to close at N15.50 per share while Spring bank Nigeria Plc followed with 23.68% to close at N0.94 per share. On the flip side, Forty-Seven (47) stocks depreciated in price during the week, lower than the forty-eight (48) of the preceding week. Goldlink Insurance Plc led on the price losers’ table, dropping by 20% to close at N0.56 per share while Crusader Nig Plc followed with a loss of 16.78% to close at N1.19per share.

Two equity prices were adjusted for dividend payment as recommended by the Board of Directors. IHS Nigeria Plc was adjusted for dividend of N0.05 per share. Fidson Healthcare Plc was adjusted for dividend of N0.22 per share. Supplementary Listings A total of 2,028,347,543 shares were added to the shares outstanding in the name of Cadbury Nigeria Plc on Wednesday, January 20th 2010 following the conclusion of the right Issue. Also, a total of 348,027,267 shares were added to the shares outstanding in the name of Custodian and Allied Insurance Plc on Wednesday, January 20th 2010 following the conversion of US$8 million of the US$10 million Unsecured Variable Coupon Redeemable Convertible Loan Stock. The balance of US$2 million would remain as loan stock.