Modupe Gbadeyanka
By Modupe Gbadeyanka
Shares of University Press Plc performed well at the Nigerian Stock Exchange (NSE) last week, growing by 31.45 per cent or 39 kobo to close at N1.63 per share in the five-day trading week.
The sudden demand for the stock pushed the equity price higher in the week. This was also the cash of FTN Cocoa Processors Plc, which recorded a 20.00 per cent growth to finish at 24 kobo per share.
Champion Breweries appreciated in the week by 19.23 per cent to finish at 93 kobo per share, NEM Insurance gained 14.97 per cent to end at N2.15 per share, while PZ Cussons grew by 9.09 per cent to close at N4.20 per share.
But on the flip side, Beta Glass was the worst-performing stock in the week, depreciating by 9.99 per cent to close at N55.40 per share, while Arbico lost 9.52 per cent to end at N1.14 per share.
C&I Leasing declined by 9.09 per cent to close at N4.00 per share, Consolidated Hallmark Insurance declined by 8.11 per cent to finish at 34 kobo per share, while Cutix depreciated by 7.89 per cent to end at N1.75 per share.
Business Post reports that in all, a total 29 equities appreciated in price during the week, lower than 31 equities in the previous week, while 36 equities depreciated in price, higher than 27 equities in the previous week, with 98 equities closing flat, lower than 105 equities recorded in the previous week.
In the week, the All-Share Index (ASI) and the market capitalisation both appreciated by 0.35 per cent to close at 25,309.37 points and N13.203 trillion respectively.
Data from the exchange revealed that all other indices finished higher with the exception of NSE Premium, NSE Banking, NSE AFR Div Yield and NSE MERI Value indices which depreciated by 0.45 per cent, 0.23 per cent, 0.77 per cent and 0.9 per cent while the NSE ASeM closed flat.
On the activity chart, a total of 1.1 billion shares worth N7.4 billion in 16,684 deals were traded in the week by investors in contrast to a total of 950.4 million shares valued at N10.1 billion that exchanged hands a week earlier in 16,647 deals.
A breakdown showed that the financial services industry led the activity chart with 586.8 million shares valued at N4.0 billion traded in 8,483 deals, contributing 54.76 per cent and 54.47 per cent to the total equity turnover volume and value respectively.
The conglomerates sector followed with 307.7 million shares worth N799.2 million in 1,010 deals, while the third place was occupied by the consumer goods industry, with a turnover of 50.2 million shares worth N968.3 million in 3,018 deals.
Trading in Transcorp, UAC Nigeria and UBA accounted for 396.3 million shares worth N1.4 billion in 1,845 deals, contributing 36.99 per cent and 18.59 per cent to the total equity turnover volume and value respectively.
