By Modupe Gbadeyanka
A Nigerian oil company, Eterna Plc, recorded a weekly price appreciation of 34.99 per cent or N1.27 on the Nigerian Stock Exchange (NSE) to close last week at N4.90 per unit compared with N3.63 it ended the previous week.
According to data from the exchange, the market recorded 34 other price gainers, lower than 53 price risers of the preceding week.
International Breweries in the week grew by 12.92 per cent to finish at N5.33 per share, Cadbury Nigeria gained 12.59 per cent to end at N8.05 per share, Guinness Nigeria rose by 12.33 per cent to settle at N16.85 per share, while Lafarge Africa chalked up 10.88 per cent to close at N18.85 per share.
However, in the five-day trading week, 23 equities depreciated in price, higher than 14 equities in the previous week and the leader of the chart was eTranzact, which went down by 26.38 per cent to close at N1.73 per share.
Portland Paints dropped 10.31 per cent to N2.00 per share, Consolidated Hallmark Insurance lost 8.11 per cent to close at 34 kobo per share, Royal Exchange fell by 7.41 per cent to 25 kobo per share, while Cutix depreciated by 5.81 per cent to N1.62 per share.
On the activity chart, investors traded 2.0 billion shares worth N23.0 billion in 22,844 deals in contrast to the 3.1 billion shares valued at N35.4 billion traded in 35,099 deals a week earlier.
The financial services industry was the most active with 1.7 billion units worth N18.8 billion in 13,050 deals, accounting for 84.29 per cent and 81.92 per cent to the total trading volume and value respectively.
The conglomerates sector followed with 99.3 million shares worth N87.8 million in 553 deals, while the consumer goods space had a turnover of 60.8 million shares worth N991.2 million in 3,269 deals.
Business Post reports that the top three most traded equities were UBA, GTBank and Zenith Bank, trading 885.5 million stocks worth N15.9 billion in 6,308 deals, accounting for 45.30 per cent and 69.11 per cent to the total equity turnover volume and value respectively.
During the week, All-Share Index (ASI) and market capitalisation both appreciated by 0.86 per cent to close the week at 28,659.45 points and N14.980 trillion respectively.
All other indices finished higher with the exception of the insurance sector, which depreciated by 0.68 per cent while the ASeM index closed flat.
