In the just concluded trading week, a total turnover of 1.263 billion shares worth N10.759 billion in 19,975 deals were traded by investors on the floor of the Nigerian Exchange, which amounted to 0.61% gains, in contrast to a total of 887.037 million shares valued at N9.193 billion that were traded in 17,837 deals last week.
Despite the increase in the number of deals, value and volume of equities traded when compared with last week’s activities, the NSE All-Share Index and Market Capitalization depreciated this week by 0.15% and 0.12% respectively to close the week at 38,808.01 and N20.310 trillion respectively.
During the week, eighteen (18) equities appreciated in price, higher than seventeen (17) equities in the previous week.
Conversely, Forty-seven (47) equities depreciated in price higher than forty (40) equities in the previous week, while ninety-seven (97) equities remained unchanged, lower than one hundred and five (105) equities recorded in the previous week.
Consequently, all other indices finished lower with the exception of NSE Premium, NSE Lotus II, NSE Industrial and NSE Sovereign Bond Index which appreciated by 0.65%, 0.09%, 0.95%, and 0.17% while the NSE ASeM and NSE Growth Indices closed flat.
The Financial Services Industry, when measured by volume, led the activity chart with 853.125 million shares valued at N6.754 billion traded in 11,127 deals; thus contributing 67.56% and 62.78% to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 103.226 million shares worth N704.563 million in 954 deals. The third place was Oil and Gas Industry, with a turnover of 89.472 million shares worth N353.533 million in 1,479 deals.
Trading in the top three equities namely Fidelity Bank Plc, FBN Holdings Plc and Access Bank Plc, when measured by volume, accounted for 390.775 million shares worth N2.021 billion in 3,241 deals, contributing 30.94% and 18.78% to the total equity turnover volume and value respectively.
Exchange-traded Products (ETPs)
A total of 671,160 units valued at N2.507 billion were traded this week in 76 deals compared with a total of 361,254 units valued at N1.909 billion transacted last week in 29 deals.
Bonds
A total of 60,714 units valued at N73.497 million were traded this week in 17 deals compared with a total of 44,303 units valued at N55.333 million transacted last week in 13 deals.
New Listing
Within the week also, a total of 115,000,000 units of the BUA Cement Plc’s 7.50% series 1 Bonds with a 7-year maturity, due 2027 were listed on the Nigerian Exchange on Tuesday, 13 April 2021.
Meanwhile, the Nigerian Exchange Limited listed additional Shares of eTranzact Plc on the Daily Official List of the Nigerian Exchange Limited on Monday, 12 April 2021.
The additional shares listed on the Exchange arose from the Company’s Rights Issue of 4,666,666,667 ordinary shares of 50 kobo each at N1.50 Kobo per share on the basis of ten (10) new ordinary shares for every nine (9) ordinary shares held as at Wednesday, 25 March 2020, which was 52.17% subscribed.
NGX Limited explained that “With this listing of the additional 2,434,566,483 ordinary shares, the total issued and fully paid up shares of eTranzact Plc has now increased from 4,200,000,000 to 6,634,566,483 ordinary shares of 50 kobo each.”
Trade Suspension
In another development, trading in the shares of 11 Plc was suspended on Monday, 12 April 2021, with a notification sent out to trading License Holders to this effect.
According to the Exchange, “the suspension is necessary to prevent trading in the shares of 11 Plc following The Nigerian Exchange Limited’s approval of the Company’s voluntary delisting application. The suspension is preparatory towards the eventual delisting of the Company from the Daily Official List of Nigerian Exchange Limited.”
Amaka E. Nliam
