NSE LIVE! Equities sustain rally with 0.15% gain

In from Success Allantee … .
Nigerian equities recorded a modest gain of 0.15 per cent as investors sustained a modest upbeat in anticipation of the third quarter earnings and expected improvement in macroeconomic management in the fourth quarter.
Benchmark and sectoral indices at the Nigerian Stock Exchange (NSE) showed a generally positive market situation, although there were still substantial down sentiments. The All Share Index (ASI), the value-based index that tracks prices of all quoted equities, recorded a week-on-week return of 0.15 per cent during the four-day trading sessions to close at 30,588.41 points. Aggregate market value of all quoted equities also rose correspondingly to N10.513 trillion.
While there were 31 gainers against 38 losers, gains by severally highly capitalised stocks boosted the overall market performance. A total of 121 equities closed flat. Honeywell Flour Mills recorded the highest gain, in percentage terms, with a gain of 26.09 per cent to close at N2.90. Vono Products followed with a gain of 16.47 per cent to close at 99 kobo. University Press added 10.19 per cent to close at N5.73 per share.
On the downside, Evans Medical recorded the highest loss of 15.19 per cent to close at 67 kobo. Portland Paints and Products Nigeria declined by 9.51 per cent to close at N3.90 while Julius Berger Nigeria dropped by 9.26 per cent to close at N40 per share.

Read also: NSE LIVE! Equities garner N135b in month-end rally

Turnover stood at 1.67 billion shares worth N14.06 billion in 14,003 deals last week as against a total of 850.095 million shares valued at N9.060 billion that exchanged hands in 9,414 deals in the previous week. Thursday was declared as a public holiday in commemoration of Nigeria’s independence anniversary.
Sectoral analysis showed that the financial services sector led the activity chart with 1.376 billion shares valued at N7.823 billion traded in 7,435 deals; thus contributing 82.57% and 55.65% to the total equity turnover volume and value respectively. The information and communication technology sector followed with a turnover of 91.924 million shares worth N121.429 million in 49 deals. The third place was occupied by the consumer goods sector with 67.786 million shares worth N2.457 billion in 2,844 deals.
The trio of Consolidated Hallmark Insurance Plc, Access Bank Plc and United Bank for Africa Plc accounted for 775.890 million shares worth N1.925 billion in 1,380 deals, contributing 46.56% and 13.69% to the total equity turnover volume and value respectively.
Also there were a total of 1,815 units of Exchange Traded Products (ETPs) valued at N456,625.67 executed in 14 deals compared with a total of 11,454 units valued at N449,180.74 transacted in 13 deals in the previous week. A total of 440 units of Federal Government Bonds valued at N455, 481.75 were traded in a deal.

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