Transactions on the floor of the Nigerian Stock Exchange last week closed in green as the NSE All-Share Index and Market Capitalization both appreciated by 5.30% to close the week at 28,415.31 and N14.852 trillion respectively.
An aggregate of 3.140 billion shares, valued at N35.372 billion in 35,099 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 1.532 billion shares valued at N16.901 billion that exchanged hands the previous week in 17,882 deals.
The Financial Services industry (measured by volume) led the activity chart with 2.325 billion shares valued at N25.816 billion traded in 21,306 deals; thus contributing 74.05% and 72.99% to the total equity turnover volume and value respectively. The Oil and Gas industry followed with 200.567 million shares worth N1.012 billion in 1,977 deals. The third place was the Industrial Goods industry, with a turnover of 149.200 million shares worth N3.631 billion in 2,991 deals.
Trading in the top three equities namely Zenith Bank Plc, FBN Holdings Plc and United Bank for Africa Plc. (measured by volume) accounted for 1.236 billion shares worth N15.724 billion in 9,774 deals, contributing 39.36% and 44.45% to the total equity turnover volume and value respectively.
All other indices finished higher with the exception of NSE ASeM Index which closed flat.
Fifty-three (53) equities appreciated in price during the week, higher than thirty-six (36) equities in the previous week. Fourteen (14) equities depreciated in price, lower than fifteen (15) equities in the previous week, while ninety-six (96) equities remained unchanged, lower than one hundred and twelve (112) recorded in the previous week.
Transcorp
Transcorp Hotels Plc announced its proposed Rights Issue of 2,659,574,468 ordinary shares of n0.50 kobo each at n3.76 per share. Dealing Members are hereby notified that Transcorp Hotels Plc’s Rights Issue of Two Billion, Six Hundred and Fifty-Nine Million, Five Hundred and Seventy-Four Thousand, Four Hundred and Sixty-Eight (2,659,574,468) Ordinary Shares of Fifty Kobo (N0.50) each at Three Naira and Seventy-Six Kobo (N3.76) per share (Rights Issue), has opened for subscription. The Rights Issue will be traded on the basis of Seven (7) new ordinary shares for every Twenty (20) ordinary shares held as at 13 July 2020.
Abbey Mortgage Bank
Dealing Members were notified that Abbey Mortgage Bank Plc has through its Stockbroker, Anchoria Investment and Securities Limited, submitted an application to The Nigerian Stock Exchange for the approval and listing of a Rights Issue of Three Billion, Six Hundred and Ninety Two Million, Three Hundred and Seven Thousand, Six Hundred and Ninety-One (3,692,307,691) Ordinary Shares of Fifty Kobo (N0.50) each at Eighty-Two Kobo (N0.82) per share, on the basis of Four (4) new ordinary shares for every Seven (7) ordinary shares held. The Qualification Date for the Rights Issue is Thursday, 8 October 2020.