Equity market returns 0.09% WoW

Transactions on the floor of the Nigerian Stock Exchange last week closed on a positive note as the  All-Share Index and Market Capitalization both appreciated by 0.09% to close the week at 25,221.87 and N13.158 trillion respectively.

An aggregate of 950.414 million units of shares valued at N10.123 billion in 16,647 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 1.327 billion shares valued at N13.934 billion that exchanged hands last week in 19,392 deals.

The Financial Services industry led the activity chart with 624.278 million shares valued at N6.181 billion traded in 8,313 deals; thus contributing 65.68% and 61.06% to the total equity turnover volume and value respectively. The Consumer Goods industry followed with 96.320 million shares worth N2.199 billion in 3,148 deals. The third place was the Conglomerates industry, with a turnover of 89.376 million shares worth N145.612 million in 757 deals.

Trading in the top three equities namely Zenith Bank Plc, Guaranty Trust Bank Plc and Transnational Corporation of Nigeria Plc accounted for 298.901 million shares worth N4.761 billion in 3,056 deals, contributing 31.45% and 47.03% to the total equity turnover volume and value respectively.

All other indices finished higher with the exception of NSE Oil/Gas, NSE Lotus and NSE Industrial Goods Indices which depreciated by 0.92%, 0.12% and 0.41% while the NSE ASeM Closed flat.

Thirty-one (31) equities appreciated in price during the week, higher than twenty-nine (29) equities in the previous week. Twenty-seven (27) equities depreciated in price, lower than thirty-three (33) equities in the previous week, while one hundred and five (105) equities remained unchanged, higher than one hundred and one (101) equities recorded in the previous week.

 

CONSOLIDATED HALLMARK INSURANCE

An additional 2,032,500,000 ordinary shares of Consolidated Hallmark Insurance was listed on the daily official list of the Nigerian Stock Exchange on Thursday 20th August, 2020.

The additional shares listed on The Exchange arose from the Company’s Rights Issue of 2,032,500,000 ordinary shares of 50 kobo each at 52 Kobo per share on the basis of 1 new ordinary shares for every 4 ordinary shares held as at 3 February 2020. The Rights Issue was 100% subscribed. With this listing of the additional 2,032,500,000 ordinary shares, the total issued and fully paid up shares of Consolidated Hallmark Insurance Plc has now increased from 8,672,000,000 to 10,704,500,000 ordinary shares of 50 kobo each.

 

MTN NIGERIA

The closure date for the interim dividend of N3.5 was on 17, August 2020, hence the share price of MTN was adjusted from N119 to N115.5. The share price of the telecom giant eventually closed the week at N117.8, which is a decline of 1.01% week on week.

 

FLOUR MILLS OF NIGERIA

Flour Mills declared N1.40 dividend in its year end, 31 March 2020. Closure date was on the 17th of August 2020. The price of the stock was adjusted for dividend form N19.7 to N18.30. Flour Mills closed the week at N18.50 which translates to 6.09% WtD.

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