Unity Kapital, GTB, AIICO Emerge Top Three Equities

Nigerian stock market
  • Unity Kapital, GTB, AIICO Emerge Top Three Equities

Unity Kapital Assurance Plc, Guaranty Trust Bank and AIICO Insurance Plc emerged the top three equities traded on the floor of the Nigerian Stock Exchange this past week.

Measured by volume, they accounted for 579.065 million shares worth N7.9bn traded in 1,856 deals, and contributed 37.66 per cent and 32.62 per cent to the total equity turnover volume and value, respectively.

In aggregate terms, a total turnover of 1.538 billion shares worth N24.218bn in 19,187 deals were traded last week by investors on the floor of the Exchange in contrast to a total of 1.394 billion shares valued at N25.037bn that exchanged hands in 23,133 deals the previous week.

The financial services industry (measured by volume) led the activity chart with 1.209 billion shares valued at N14.21bn traded in 10,692 deals, thus contributing 78.65 per cent and 58.68 per cent to the total equity turnover volume and value, respectively.

The agriculture industry followed with 109.646 million shares worth N154.438m in 321 deals. The third place was occupied by the consumer goods industry with a turnover of 83.608 million shares worth N6.247bn in 3,726 deals.

Also traded during the week were a total of 390 units of Exchange Traded Products valued at N6,511.60 executed in five deals compared with a total of 5,168 units valued at N65,570.28 transacted the penultimate week in eight deals.

A total of 3,657 units of Federal Government bonds valued at N2,866,267.62 were traded last week in nine deals, compared with a total of 987 units valued at N986,951.99 transacted the week before in one deals.

The NSE All-Share Index and market capitalisation depreciated by 0.74 per cent to close the week at 36,646.46 and N12.631tn, respectively.

Similarly, all other indices finished lower during the week with the exception of the NSE Main Board, NSE Banking and NSE Consumer Goods Indices that appreciated by 1.34 per cent, 0.31 per cent and 2.38 per cent, respectively.

Thirty-two equities appreciated in price during the week, higher than 19 equities of the previous week. Forty equities depreciated in price, lower than 51 equities of the previous week, while 99 equities remained unchanged lower than 101 equities recorded in the preceding week.

Union Bank of Nigeria Plc, through its stockbroker – Chapel Hill Denham Securities Limited – submitted an application to the Exchange for approval and listing of a rights issue of 12,133,646,995 ordinary shares of 50 kobo each at N4.10 per share on the basis of five new ordinary shares for every seven ordinary shares held. The qualification date for the rights issue was August 21, 2017.

Paints and Coatings Manufacturers Nigeria Plc, through its Stockbroker – Meristem Securities Limited, submitted an application for a scheme of arrangement between the company and holders of its fully paid-up ordinary shares of 50k each. The scheme will lead to the delisting of the entire shares of Paints and Coatings Manufacturers Nigeria Plc from the daily official list of the Exchange.

Avon Crowncaps and Containers (Nigeria) Plc, through its stockbroker – Integrated Trust & Investments Limited – submitted an application for a scheme of arrangement between the company and holders of its fully paid-up ordinary shares of 50k each. The scheme will lead to the delisting of the entire shares of Avon Crowncaps & Containers from the daily official list of the Exchange.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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