Friday, 18 September 2020
EQUITY
A total turnover of 1.139 billion shares worth N12.692 billion in 17,109 deals were traded this week
by investors on the floor of the Exchange, in contrast to a total of 1.226 billion shares valued at
N10.842 billion that exchanged hands last week in 19,529 deals. The Financial Services industry (measured by volume) led the activity chart with 870.300 million shares valued at N7.863 billion traded in 9,427 deals; thus contributing 76.43% and 61.95% to the total equity turnover volume and value respectively. The Industrial Goods industry followed with 62.689 million shares worth N1.162 billion in 1,557 deals. The third place was the ICT industry, with a turnover of 50.859 million shares worth N2.552 billion in 619 deals.
Trading in the top three equities namely FBN Holdings Plc, Guaranty Trust Bank Plc and Access
Bank Plc. (measured by volume) accounted for 353.048 million shares worth N4.018 billion in
3,095 deals, contributing 31.00% and 31.66% to the total equity turnover volume and value
respectively.
ETPs
A total of 143,690 units valued at N1.246 billion were traded this week in 19 deals compared with
a total of 54,457 units valued at N283.940 million transacted last week in 18 deals.
BONDS
A total of 18,803 units valued at N19.581 million were traded this week in 8 deals compared with a
total of 7,125 units valued at N7.762 million transacted last week in 15 deals.
INDEX MOVEMENT
The NSE All-Share Index depreciated by 0.08% while Market Capitalization appreciated by 0.10% to close the week at 25,572.57 and N13.365 trillion respectively. All other indices finished lower with the exception of NSE Main Board, NSE Pension, NSE Insurance, NSE Meri Growth, NSE Consumer Goods, NSE Lotus II and NSE Industrial Goods Index which appreciated by 0.13%, 0.06%, 0.01%, 0.17%, 0.13%, 0.19% and 0.50% respectively while NSE ASeM Index closed flat.
SUMMARY OF PRICE CHANGES
Thirty-two (32) equities appreciated in price during the week, higher than Twenty-three (23) equities in the previous week. Thirty-one (31) equities depreciated in price, lower than Thirty-eight (38) equities in the previous week, while one hundred (100) equities remained unchanged, lower than one hundred and two (102) equities recorded in the previous week.
OTHER MARKET NEWS
Prestige Assurance Plc – Extension of Offer Period for the Rights Issue of 13,635,796,006 Ordinary Shares of 50 Kobo Each at 50 Kobo Per Share on the Basis of Thirty-Eight (38) New Ordinary Shares for Fifteen (15) Ordinary Shares Held.
Further to our Market Bulletin of 10 August 2020 with reference number:
NSE/RD/LRD/MB39/20/08/10, Dealing Members are hereby informed of the extension of the offer
period of Prestige Assurance Plc’s Rights Issue of 13,635,796,006 ordinary shares of N0.50 each
at N0.50 per share on the basis of thirty-eight (38) new ordinary shares for every fifteen (15)
ordinary shares held as at the close of business on 31 January 2020 (the Offer).
The Nigerian Stock Exchange has received a confirmation from the Securities and Exchange
Commission to extend the offer period by two (2) weeks. With this extension, the Offer which was
initially scheduled to close on Thursday, 17 September 2020 will now close on Wednesday, 30
September 2020.
Please visit http://www.nse.com.ng/Issuers-section/corporate-disclosures/companyresults for full details of Financial News and other corporate disclosures.