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Trading activities
at the Nigerian Stock Exchange (NSE) were characterised by mixed
performances last week, as market indicators continued their unsteady
movements.

The NSE All-Share
Index, at the close of last week’s trading, appreciated by 122.06 units
or 0.5 per cent to close at 25,106.86 basis points while the market
capitalisation of the 199 First -Tier equities closed higher at N6.14
trillion, after opening the week at 24,984.80 and N6.11 trillion,
respectively. The All-Share Index depreciated by 3 per cent during the
previous week.

All the four
sectorial indices depreciated at the close of trading last week. The
NSE Food/Beverage Index depreciated by 1.45 points or 0.2 per cent to
close at 810.17, the Banking Index depreciated by 1.38 points or 0.35
per cent to close at 372.12, the Insurance Index depreciated by 2.83
points or 1.6 per cent to close at 174.39 and the NSE Oil/Gas Index
depreciated by 5.84 points or 1.56 per cent to close at 370.44.

A total turnover of
1.2 billion shares worth N11.61 billion in 36,855 deals was recorded
last week, in contrast to a total of 1.23 billion shares valued at
N11.3 billion exchanged during the previous week in 33,065 deals.

Most active

The Banking
subsector was the most active during the week, measuring by turnover
volume, with 692.9 million shares worth N5.8 billion exchanged by
investors in 16,423 deals. Volume in the Banking subsector was largely
driven by activity in the shares of First Bank of Nigeria, Zenith Bank,

Fidelity Bank and
Access Bank. Trading in the shares of the four Banks accounted for
319.36 million shares, representing 46.1 per cent and 27.2 per cent of
the subsector’s turnover and total volume traded during the week,
respectively.

The Insurance
subsector, boosted by activity in the shares of AIICO Insurance and
Guaranty Trust Insurance, followed on the week’s activity chart with a
turnover of 96.1million shares valued at N108.3 million in 1,459 deals.
Last week, the Banking subsector led on the activity chart and was
followed by the Construction subsector.

Gainers increase

A total of 38
stocks appreciated in price during the week, higher than the 28 of the
preceding week. Also, as in the preceding week, Northern Nigeria Flour
Mills led on the gainers’ table with a gain of N5.83 to close at N42.84
per share while Nigerian Breweries followed with N4.59 to close at
N72.60 per share.

On the losers’
table, a total of 49 stocks depreciated in price during the week, lower
than the 64 of the preceding week. African Petroleum led on the price
losers’ table, shedding N5.79 to close at N21.20 per share while Flour
Mills of Nigeria followed with a loss of N3.01 to close at N71.00 per
share.

Two equity prices
were adjusted for interim dividend as recommended by the companies’
Board of Directors. Guaranty Trust Bank was adjusted for an interim
dividend of N0.25 per share while Nigerian Aviation Handling Company
was also adjusted for an interim dividend of N0.25 per share.

Bond trading

A turnover of
239.15 million units worth N243.862 billion in 2,890 deals was recorded
last week, in contrast to a total of 166.74 million units valued at
N170.761 billion exchanged in 1,762 deals during the previous week.

The most active
bond, in terms of turnover volume, was the 10.00 per cent FGN July 2030
with a traded volume of 50.45 million units valued at N49.384 billion
in 943 deals. This was followed by 4.00 per cent FGN April 2015 with a
traded volume of 34.5 million units valued at N28.818 billion in 336
deals. Only 18 of the available 37 FGN Bonds were traded during the
week, compared with the 20 in the preceding week.

However, there were
no transactions in the Federal Government Development Stocks, State
Government Bonds and Industrial Loans/Preference Stocks sectors.