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Here is the weekly report for the week ended January 30th, 2009:
A turnover of 1.2 billion shares worth N6.6 billion in 29,319 deals was recorded this week, in contrast to a total of 1.42 billion shares valued at N7.84 billion exchanged last week in 37,047 deals.
There were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.
The Banking subsector was the most active during the week (measured by turnover volume), with 602.6 million shares worth N4.16 billion exchanged by investors in 16,823 deals. Volume in the Banking subsector was largely driven by activity in the shares of Guaranty Trust Bank Plc, PlatinumHabib Bank Plc, Oceanic Bank International Plc and First Bank of Nigeria Plc. Trading in the shares of the four banks accounted for 298.62 million shares, representing 49.6% of the subsector’s turnover.
The Insurance subsector, boosted by activity in the shares of Custodian and Allied Insurance Plc and Standard Alliance Insurance Plc, followed on the week’s activity chart with a turnover of 240.93 million shares valued at N369.65 million in 2,882 deals.
Last week, the Banking subsector led on the activity chart and was followed by the Conglomerates subsector.
The All-Share Index dropped by 9.11% to close on Friday at 21,813.76. The market capitalization of the 199 First -Tier equities closed lower at N4.9 trillion. Seven (7) stocks appreciated in price during the week, higher than the two (2) in the preceding week. 7-Up Bottling Company Plc led on the gainers’ table with a gain of N0.95 to close at N36.01 per share while IHS Nigeria Plc followed with N0.51 to close at N5.51 per share. Other price gainers in the Top 10 category include:
+ First City Monument Bank Plc - N0.24
+ Afribank Nigeria Plc - N0.16
+ Transnational Corporation of Nig. Plc – N0.15
+ PlatinumHabib Bank Plc - N0.10
+ Aso Savings & Loans Plc - N0.01
Ninety (90) stocks depreciated in price during the week, lower than the one hundred and eleven (111) in the preceding week. Chevron Oil Nigeria Plc led on the price losers’ table, dropping by N23.08 to close at N101.47 per share while Nestle Nigeria Plc followed with a loss of N22.22 to close at N133.73 per share. Other price losers in the Top 10 category include:
- Oando Plc - N12.26
- Julius Berger Nigeria Plc - N7.14
- Flour Mills Nigeria Plc - N4.39
- UACN Plc - N4.11
- Lafarge WAPCO Plc - N3.74
- Union Bank of Nigeria Plc - N2.84
- Guinness Nigeria Plc - N2.80
- UACN Property Dev. Co. Plc - N2.73
The 4,400,000,000 shares in favour of IHS (Nigeria) Plc were admitted to the Daily Official List at a price of N5.00 per share on Tuesday, January 27, 2009 by way of Introduction. The Company was listed in the Information Communication and Telecommunication subsector. By this action, the number of listed companies and securities increased to 214 and 300, respectively.
REPORT ON THE OTC MARKET FOR FGN BONDS
A turnover of 240.51 million units worth N244.95 billion in 1,413 deals was recorded this week, in contrast to a total of 495.42 million units valued at N501.85 billion exchanged in 3,924 deals during the week ended Thursday, January 22, 2009. The most active bond (measured by turnover volume) was the 4th FGN Bond 2017 Series 9 with a traded volume of 24.32 million units valued at N23.2 billion in 140 deals. This was followed by the 3rd FGN Bond 2011 Series 3 with a traded volume of 22.3 million units valued at N24.34 billion in 8 deals. Thirty – Three (33) of the available thirty – nine (39) FGN Bonds were traded during the week compared to twenty-two (22) in the preceding week.
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