Weekly Market Report –Week Ended Feb. 26, 2016

A turnover of 4.476 billion shares worth N11.742 billion in 14,124 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.202 billion shares valued at N9.641 billion that exchanged hands last week in 13,712 deals.

The Consumer Goods Industry (measured by volume) led the activity chart with 3.331 billion shares valued at N5.695 billion traded in 2,511 deals; thus contributing 74.42% and 48.50% to the total equity turnover volume and value respectively. The Financial Services Industry followed with 1.008 billion shares worth N3.752 billion in 8,730 deals. The third place was occupied by the Oil And Gas Industry with a turnover of 55.332 million shares worth N416.383 million in 1,024 deals.

Trading in the Top Three Equities namely – Tiger Branded  Consumer Goods Plc, FCMB Group Plc and FBN Holdings Plc.(measured by volume) accounted for 3.736 billion  shares worth N4.872 billion in 2,443 deals, contributing 83.47% and 41.49% to the total equity turnover volume and value respectively.
Also traded during the week were a total of 14,844 units of Exchange Traded Products (ETPs) valued at N14.134 million executed in 29 deals, compared with a total of 93,518 units valued at N1.158million transacted last week in  48 deals.

A total of 4,990 units of Federal Government Bonds valued at N5.799 million were traded in 2 deals compared to a total of 150,000 units of Federal Government Bonds valued at N169.326 million transacted last week in 2 deals.
The NSE All-Share Index and Market Capitalization depreciated by 0.83% and 0.80% to close the week at 24,228.79 and N8.336 trillion respectively.

Similarly, all other Indices finished higher during the week, with the exception of NSE Premium Index, NSE 30 Index, NSE Banking Index, NSE Insurance Index and NSE Pension Index that depreciated by 0.83%, 3.01%, 0.35%, 2.45%, 1.25%  and 1.25% respectively.

Twenty-one (21) equities appreciated in price during the week, lower than Twenty-two (22) equities of the previous week. Thirty-five (35) equities depreciated in price, lower than Thirty-seven (37) equities of the previous week, while one hundred and thirty four (134) equities remained unchanged, higher than one hundred and thirty one (131) equities recorded in the previous week.

A total of 5,909,497,252 ordinary shares of 50 kobo were added to the outstanding shares of Cornerstone Insurance Plc to serve as Purchase Consideration for Acquiring 96.68% Stake in FIN Insurance Plc Company Ltd. By this action the total outstanding shares of the company is now 14,729,507,615.