Weekly Stock Market Report –Week Ended Nov. 6, 2015

A turnover of 1.949 billion shares worth N17.336 billion in 15,762 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 1.358 billion shares valued at N14.722 billion that exchanged hands last week in 14,772 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.714 billion shares valued at N10.770 billion traded in 9,378 deals; thus contributing 87.93% and 62.13% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with a turnover of 73.433 million shares worth N173.733 million in 908 deals. The third place was occupied by the Oil and Gas Industry with 62.711 million shares worth N2.702 billion in 1,688 deals.

Trading in the Top Three Equities namely – Access Bank Plc, Zenith International Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 1.276 billion shares worth N8.340 billion in 2,782 deals, contributing 65.45% and 48.11% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 7,291 units of Exchange Traded Products (ETPs) valued  at N437,490.20 executed in 35 deals compared with a total of 330,708 units valued at N1.616 million transacted last week in  53 deals.

There was no transaction recorded on bonds this week. However, a total of 400 units of Federal Government Bonds valued at N423,765.35 were transacted last week in 1 deal.

The NSE All-Share Index depreciated 0.01% while Market Capitalization appreciated 0.02% to close the week at 29,175.35 and N10.029 trillion respectively.

Similarly, all other Indices finished lower during the week with exception of NSE Premium, NSE 30, NSE Insurance, NSE Oil/Gas, and NSE Pension indices, while NSE ASeM Index closed flat.

A total of 24 equities appreciated in price during the week, higher than the 12 equities of the preceding week. Forty-three equities depreciated in price, lower than the 51 equities of the preceding week, while 123 equities remained unchanged, lower than the 127 equities recorded in the preceding week.

Additional ordinary shares of 10,134,248 units of Seplat Petroleum Development Company Plc (SEPLAT) which arose from a Long-Term Incentive Scheme of the company, were admitted to trading on 5th November, 2015. This brings the total outstanding shares of the company to 563,444,561 units.