Weekly Market Report –Week Ended Mar. 04, 2016

A turnover of 1.476 billion shares worth N7.992 billion in 15,743 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 4.476 billion shares valued at N11.742 billion that exchanged hands last week in 14,124 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.319 billion shares valued at N5.590 billion traded in 9,955 deals; thus contributing 89.36% and 69.94% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 50.809 million shares worth N108.297 million in 557 deals. The third place was occupied by the Consumer Goods Industry with a turnover of 49.655 million shares worth N1.376 million in 2,434 deals.

Trading in the Top Three Equities namely – Wapic Insurance Plc, FCMB Holding Plc and Access Bank Plc (measured by volume) accounted for 578.238 million  shares worth N933.534 million in 1,424 deals, contributing 39.18% and 11.68% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 40,021 units of Exchange Traded Products (ETPs) valued at N1.885 million executed in 44 deals, compared with a total of 14,844 units valued at N14.134 million transacted last week in  29  deals.

A total of 4,063 units of Federal Government Bonds valued at N4.903 million were traded in 3 deals compared  to a total of 4,990 units of Federal Government Bonds  valued at N5.799 million  transacted last week in 2 deals.
The NSE All-Share Index and Market Capitalization appreciated by 6.57% and 6.55% to close the week at 25,820.10 and N8.882 trillion respectively.
Similarly, all other Indices finished higher during the week, with the exception of the NSE-Main Board Index, NSE Consumer Goods Index and NSE Oil/Gas Index that depreciated by 0.54%, 1.36% and 6.10% respectively while the NSE ASeM Index closed flat.

Thirty-five (35) equities appreciated in price during the week, higher than Twenty-one (21) equities of the previous week. Twenty-four (24) equities depreciated in price, lower than Thirty-five (35) equities of the previous week, while one hundred and thirty (130) equities remained unchanged, lower than one hundred and thirty four (134) equities recorded in the previous week.

A total of 1,500,000,000 units of Intercontinental Bank Plc Preference Shares were delisted from the Daily Official List on Tuesday 2nd March, 2016.

A total of 913,907,131 units of Ordinary Shares of 50 kobo each belonging to Wema Bank Plc representing the unpaid portion allotted to SW8 Investment Limited in May 2009 now reversed in compliance with CBN’s directive was delisted from the shares outstanding of the company. The new outstanding shares now stood at 38,574,466,082 units.
A total of 9,758,000 unit of Transorp Hotels Plc valued at N9,758,000,000 (Series 2) 5 Year 15.50% Fixed Rate Unsecured Bonds Due 2020 under a N30 Billion Medium Term Bond Programme was admitted to trade at the Exchange on March 1st, 2016.