Download NSE admits N11b FGN bonds, transactions record N75.1b in one

NSE admits N11b FGN bonds, transactions record
N75.1b in one week
THE Nigerian Stock Exchange (NSE) has admitted the N111 billion
16.39% FGN Bond January 2022 on the Daily Official List. The number
of listed FGN Bonds now stands at 26.
At the end of transactions for the week, the Over-The-Counter (OTC)
market for FGN bonds recorded a turnover of 91.23 million units worth
N75.1 billion in 875 deals, in contrast to a total of 71.201 million units
valued at N57.3 billion exchanged in 525 deals during the week ended
March 15, 2012.
The most active bond when measured by turnover volume was the
10.0 per cent FGN July, 2030 (seventh FGN bond 2030 Series three)
with a traded volume of 22.3 million units valued at N16.6 billion in
186 deals.
This was followed by the 10.5.0 per cent FGN March, 2014 (8th FGN
bond 2014 Series one) with a traded volume of 19.4 million units
valued at N17.9 billion in 176 deals.
Eight of the available 26 FGN bonds were traded during the week,
compared with seven that were traded during the preceding week.
Though there were no transactions executed through the stock market
in the Federal Government Development Stocks, State Government
bonds and Industrial Loans/Preference Stocks sectors, the equities
sector recorded a turnover of 1.212 billion shares worth N15.7 billion
in 17,979 deals, compared to a total of 1.975 billion shares valued at
N18.95 billion exchanged in the previous week in 18,651 deals.
The financial services sector accounted for 926.65 million shares
valued at N6.54 billion traded in 10,539 deals. The consumer goods
sector, followed with 134.3 million shares valued at N7.81 billion
traded in 3,117 deals.
The banking sub-sector of the financial services sector was the most
active last week, when measured by turnover volume with 818.5
million shares worth N6.5 billion exchanged by investors in 9,789
deals.
Volume in the banking sub-sector was lifted by activity in the shares of
Zenith Bank Plc, United Bank for Africa Plc and Access Bank Plc.
Trading in the shares of the three banks accounted for 443.0 million
shares, representing 54.1 per cent, 47.8 per cent and 36.56 per cent
of the turnover recorded by the sub-sector, sector and total turnover
for the week, respectively.
The Insurance sub-sector of the financial services sector, boosted by
activity in the shares of Intercontinental WAPIC Insurance Plc and
Continental Re-Insurance Plc, followed on the week’s activity chart
with a sub-sector turnover of 105.62 million shares valued at N64.55
million traded in 730 deals.
Also traded during the week, according to the NSE were 10 units of
NewGold Exchange Traded Products valued at N25,500.00 traded in
one deal.
On the price movement chart, the NSE All-Share Index appreciated by
366.97 points or 1.8 per cent to close on Friday at 21,191.22, while
the market capitalisation of the 187 First -Tier equities increased to
N6.721 trillion.
Also, the NSE-30 Index appreciated by 25.74 points or 2.7 per cent to
close at 972.34. In the previous week, the NSE-ASI and NSE-30 Index
depreciated by 0.6 per cent and 0.8 per cent, respectively.
Three of the four sectorial indices appreciated last week, compared
with two that so appreciated during the preceding week, while the NSE
Consumer Goods Index appreciated by 28.76 points or 1.7 per cent to
close at 1,746.79.
The NSE Banking Index appreciated by 11.86 points or 4.1 per cent to
close at 302.46 and the NSE Oil/Gas Index appreciated by 1.86 points
or 0.9 per cent to close at 218.17. The NSE Insurance Index
depreciated by 1.30 points or 1.0 per cent to close at 120.16.
By Moses Ebosele
Guardian Monday, 26 March 2012