Transactions on the floor of the Nigerian Stock Exchange last week closed on a positive note as the All-Share Index and Market Capitalization appreciated by 2.92% to close the week at 26,319.34 and N13.755 trillion respectively.
An aggregate of 1.567 billion units of shares, valued at N20.559 billion in 18,396 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 1.139 billion shares valued at N12.692 billion that exchanged hands last week in 17,109 deals.
The Financial Services industry (measured by volume) led the activity chart with 1.178 billion shares valued at N9.180 billion traded in 9,900 deals; thus contributing 75.14% and 44.65% to the total equity turnover volume and value respectively. The Consumer Goods industry followed with 90.002 million shares worth N1.688 billion in 2,715 deals. The third place was the ICT industry, with a turnover of 84.667 million shares worth N5.786 billion in 771 deals.
Trading in the top three equities namely Sterling Bank, FBN Holdings Plc and Zenith Bank Plc. (measured by volume) accounted for 612.805 million shares worth N4.311 billion in 3,739 deals, contributing 39.10% and 20.97% to the total equity turnover volume and value respectively.
All other indices finished higher with the exception of NSE ASeM Index which closed flat.
Thirty-five (35) equities appreciated in price during the week, higher than thirty-two (32) equities in the previous week. Twenty-eight (28) equities depreciated in price, lower than thirty-one (31) equities in the previous week, while one hundred (100) equities remained unchanged, same as one hundred (100) equities recorded in the previous week.
R.T. Briscoe Nigeria
R.T. Briscoe Nigeria Plc is one of the six listed companies that were suspended on 1 September 2020, has now filed its outstanding financial statements with the Exchange. In view of the Company’s submission of its outstanding financial statements, and pursuant to Rule 3.3, of the Default Filing Rules, which states that; “The suspension of trading in the issuer’s securities shall be lifted upon submission of the relevant accounts provided the Exchange is satisfied that the accounts comply with all applicable rules of the Exchange. The Exchange shall thereafter also announce through the medium by which the public and the SEC was initially notified of the suspension, that the suspension has been lifted”. The suspension placed on trading on the shares of the R.T. Briscoe Nigeria Plc was lifted on Friday, 25 September 2020.