GTB, Zenith, UBA Account For N15.88bn Transactions
The most traded stocks on the floor of the stock market last week were United Bank for Africa Plc, Guaranty Trust Bank Plc and Zenith Bank Plc (measured by volume) as they accounted for 88×5.52 million shares worth N15.88bn in 6,308 deals last week.
The stocks contributed 45.30 per cent and 69.11 per cent to the total equity turnover volume and value, respectively.
Transactions on the Nigerian equity market closed last week maintaining a positive outlook as the NSE All-Share Index and market capitalisation both appreciated by 0.86 per cent to close the week at 28,659.45 and N14.98tn, respectively.
All other indices finished higher with the exception of the NSE insurance, which depreciated by 0.68 per cent while the NSE ASeM index closed flat.
A total turnover of 1.96billion shares worth N22.98bn in 22,844 deals were traded last week by investors on the floor of the exchange, in contrast to a total of 3.14billion shares valued at N35.37bn that exchanged hands the previous week in 35,099 deals.
The financial services industry (measured by volume) led the activity chart with 1.65bn shares valued at N18.82bn traded in 13,050 deals; thus contributing 84.29 per cent and 81.92 per cent to the total equity turnover volume and value, respectively.
The conglomerates, industry, followed with 99.313 million shares worth N87.82m in 553 deals.
The third place was the consumer goods, with a turnover of 60.57million shares worth N991.19m in 3,269 deals.
Thirty-five equities appreciated in price during the week, lower than 53 equities in the previous week.
Twenty-three equities depreciated in price, higher than 14 equities in the previous week, while 104 equities remained unchanged, higher than 96 recorded in the previous week.
A total of 701,543 units valued at N6.05bn were traded last week in 44 deals compared with a total of 1.05million units valued at N4.85bn transacted the previous week in 33 deals
A total of 19,475 units valued at N23.75m were traded last week in five deals compared with a total of 79,691 units valued at N108.24m transacted the previous week in 23 deals.
Dealing members were notified that pursuant to Clause 15 of the General Undertaking, Appendix III of the Rule Book of the Nigerian Stock Exchange, 2015 that the entire issued share capital of Anino International Plc was delisted from the Daily Official List of the Nigerian Stock Exchange on Monday, October 12.
The delisting of Anino was approved by the National Council of the exchange on Thursday, April 30, 2020 in line with the NSE’s regulatory delisting process as a result of persistent non-compliance with the exchange’s post listing rules.
Dealing members were also notified that following the special resolutions passed by the shareholders of Sunu Assurances Nigeria Plc at the extra-ordinary General Meeting held on March 9, 2020 in favour of the company’s proposal to carry out a share capital reconstruction, Sunu, through its stockbroker, FSDH Securities Limited, has submitted an application for the share capital reconstruction to the NSE.
The share capital reconstruction will result in the cancellation of four existing ordinary shares out of every five ordinary shares of Sunu Assurances held by its existing shareholders.
The total number of issued ordinary shares post the capital reconstruction exercise will be 2.8billion ordinary shares of N0.50 each while a total of 11.2billion ordinary shares of N0.50 each will become cancelled and unissued.
The Qualification Date for the capital reconstruction is Friday, October 16, while trading in the company’s shares will be placed on suspension effective Monday, 19 October 2020.