Modupe Gbadeyanka
By Modupe Gbadeyanka
The Jubril Adewale Tinubu-led Oando Plc was the highest price gainer last week, appreciating by 48.15 per cent to settle at N4.00 per share.
Business Post reports last week was historic on the floor of the Nigerian Stock Exchange (NSE) as the All-Share Index (ASI) posted its largest daily gain in more than five years on Thursday, November 12, 2020.
The ASI rose beyond the set threshold of 5 per cent, triggering a 30-minute trading halt of all stocks for the first time since the circuit breaker was introduced in 2016.
The circuit breaker protocol was triggered at 12:55pm, when the index increased from 33,268.36 points to 34,959.39 points. The market reopened at exactly 1:25pm, with a 10-minute intra-day auction session before resuming continuous trading till the close of the day at 2:30pm.
At the close of transactions for the week on Friday, a total of 69 equities appreciated in price during the week, higher than 40 equities recorded on the chart in the previous week.
Japaul appreciated by 43.48 per cent to close at 33 kobo per share, Northern Nigerian Flour Mills increased by 40.00 per cent to N7.70 per share, Livestock Feeds gained 36.79 per cent to finish at N1.45 per share, while Fidson appreciated by 36.53 per cent to end at N5.98 per share.
On the flip side, 12 equities depreciated in price, lower than 24 equities in the previous week, with Ikeja Hotel topping the log after a price decline of 9.91 per cent to N1.00 per share.
Global Spectrum Energy Services depreciated by 9.89 per cent to N4.19 per share, Morison Industries dropped 9.26 per cent to 49 kobo per share, Consolidated Hallmark Insurance declined by 8.11 per cent to 34 kobo per share, while CAP depreciated by 3.70 per cent to N22.15 per share.
An analysis of the major performance indicators of the market showed that the ASI and the market capitalisation increased by 12.97 per cent to 35,037.46 points and N18.308 trillion respectively.
Similarly, all other indices finished higher while the ASeM index closed flat.
On the activity chart, a total of 4.5 billion shares worth N58.7 billion were traded in the week in 47,140 deals as against the 2.1 billion shares valued at N22.6 billion transacted a week earlier in 25,187 deals.
A breakdown indicated that stocks in the financial services industry led the chart with 3.1 billion units worth N35.4 billion traded in 25,894 deals, contributing 68.15 per cent and 60.29 per cent to the total equity turnover volume and value respectively.
Equities in the conglomerate sector followed with 437.8 million units valued at N771.3 million in 1,864 deals, while stocks in the consumer goods sector recorded a turnover of 373.6 million units worth N7.8 billion in 7,471 deals.
Furthermore, Zenith Bank, FBN Holding and Transcorp Hotels accounted for 1.4 billion shares worth N18.1 billion in 9,537 deals, contributing 31.63 per cent and 30.79 per cent to the total equity turnover volume and value respectively.
