Stock Market Report –Week Ended November 27, 2015

A turnover of 1.041 billion shares worth N13.007 billion in 13,407 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 793.557 million shares valued at N7.152 billion that exchanged hands last week in 12,831 deals.

The Financial Services Industry (measured by volume) led the activity chart with 857.050 million shares valued at N6.772 billion traded in 7,916 deals; thus contributing 82.36% and 52.06% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 64.553 million shares worth N4.217 billion in 2,479 deals. The third place was occupied by the Conglomerates Industry with a turnover of 62.745 million shares worth N585.655 million in 638 deals.

Trading in the Top Three Equities namely – FBN Holdings Plc, Zenith International Bank Plc and Diamond Bank Plc (measured by volume) accounted for 475.120 million shares worth N3.682 billion in 3,026 deals, contributing 45.66% and 28.31% to the total equity turnover volume and value respectively.
 
ETPs/Bond
Also traded during the week were a total of 49,895 units of Exchange Traded Products (ETPs) valued at N916,710.90 executed in 38 deals, compared with a total of 2,143 units valued at N1.734 millions transacted last week in  35 deals.

A total of 8,262 units of Federal Government Bonds valued at N9.151 million were traded this week in 7 deals. There was no transaction recorded last week.
 
Index Movement
The NSE All-Share Index and Market Capitalization depreciated by 1.83% and 1.81% to close the week at  27,617.45 and N9.495 trillion respectively. 

Similarly, all other Indices finished lower during the week, except the NSE Insurance index, while NSE
ASeM Index closed flat.

A total of twenty-one (21) equities appreciated in price during the week, higher than nineteen (19) equities of the preceding week. Forty-one (41) equities depreciated in price, same as the number of equities that declined in the previous week, while one hundred and twenty-eight (128) equities remained unchanged, lower than one hundred and thirty (130) equities recorded in the preceding week.

Supplementary Listing
Equity: A total volume of 3,500,000,000 were added to the shares of Standard Alliance Insurance Plc. This arose from its convertible preference shares which was done in December 2009 at N0.50k per share. By this action, the outstanding volume of shares of the company is now 11,993,173,450.

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