Stock mar­ket re­coups N521bn af­ter a 4-month lull

Daily Trust - - BUSINESS - Sto­ries from Kay­ode Ogun­wale, La­gos

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.

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