Stock market recoups N521bn after a 4-month lull
Trading activities in the equity segment of the Nigeria Stock Exchange (NSE) recorded a first month gain in September after consecutive losses spanning four months.
By the close of trading for the month of September, market capitalization had gained N521 billion, putting an end to the protracted monthly fall.
The duo indicators of the Nigerian bourse - market capitalization and the Nigerian Stock Exchange All-Share Index (ASI) - recorded their last gains, on monthly basis, in April this year.
Daily Trust can confirm that market capitalization of 190 equities listed on the Exchange lost N1.058 trillion between April and September this year.
The investment value could have dropped more than that since January this year but gains totalling N1.940trn recorded in February, March and April added more value to most stocks listed on the bourse.
The index movement indicates that the ASI and market capitalization appreciated by 5.16 per cent to close in September at 31,217.77 points and N10.729trn respectively.
The year’s loss till date stands at N749bn, representing 6.53 per cent between January and September this year as equity value opened the year with N11.478trn to close the month of September at N10729trn. The ASI dropped 3,439.38 basis point, or 9.92 per cent, from 34,657.15 points it opened the year with, to close September at 31,217.77 points.
The volume and value of equities traded in the month of September were lower when compared with what they traded in August this year. A turnover of 6.951bn shares worth N64.962bn in 76,073 deals were traded in September by investors on the floor of the exchange, in contrast to a total of 10.603bn shares valued at N72.844bn that exchanged hands in August in 84,383 deals.
The Financial Services industry (measured by volume) led the activity chart with 5.891bn shares valued at N40.626bn traded in 43,236 deals, thus contributing 84.75 per cent and 62.54 per cent to the total equity turnover volume and value respectively.
The Conglomerate industry followed with a turnover of 334.816m shares worth N3.228bn in 3,891 deals. The third place was occupied by the Consumer Goods industry with 230.990m shares worth N10.820bn in 13,651 deals.
Trading in the top three equities of Access Bank Plc, Zenith Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 2.599bn shares worth N22.815bn in 15,623 deals, contributing 37.39 per cent and 35.12 per cent to the total equity turnover volume and value respectively.
Summary of price changes indicates that 55 equities appreciated in price during the month of September, higher than 19 equities of the preceding month. Forty equities depreciated in price, lower than 70 equities in August, while 95 equities remained unchanged, lower than 101 equities recorded in August.
During the month under review, Nestle Nigeria Plc led the gainers chart with N29.99 kobo per share to close at N869.99 kobo, followed by Dangote Cement Plc with N7.52 kobo to close at N179.99 kobo, Okomu Oil Plc with N6.40 kobo to close at N25.00 kobo, Seplat Petroleum Development Company Plc with N5.21 kobo to close at N249.90 kobo per share and Unilever Nigeria Plc with N5.13 kobo to close at N45.13 kobo per share.
Others on the chart are Stanbic IBTC Plc with N2.61 kobo to close at N22.25 kobo, Berger Paints Plc with N2.08 kobo to close at N10.42 kobo, PZ Plc with N2.05 kobo to close at N26.20 kobo, Zenith Bank Plc with N1.61 kobo to close at N16.81 kobo, and Guaranty Trust Bank Plc with N1.08 kobo to close at N24.00 kobo.
On the other hand, Conoil Plc led on the losers table with a N5.87 kobo loss to close at N27.41 kobo, Mobil Nigeria Plc lost N5.00 kobo to close at N145.00 kobo, Cadbury Nigeria Plc with N4.56 kobo to close at N24.00 kobo, Forte Oil Plc with N4.00 kobo to close at N248.00 kobo per share and UAC of Nigeria Plc with N3.57 kobo to close at N31.50 kobo.
Others on the chart are Van Leer Containers Nigeria Plc with N2.11 kobo to close at N9.37 kobo, Julius Berger Plc with N2.00 kobo to close at N40.00 kobo, Total Nigeria Plc with N1.99 kobo to close at N150.00 kobo, Lafarge Africa Plc with N1.98 kobo to close at N98.00 kobo per share and Flour Mills of Nigeria Plc with N1.94 kobo loss to end the week with N22.21 kobo per share.