TheCable

Reports from the trading floor of the Nigerian Stock Exchange (NSE) for the week (Monday July 7 to Friday July 11 2014) indicate that Forte Oil topped the gainers’ list (percentage increase) for the week, adding N33.98 to close at N234.06 from N200.08. 

On the other hand, Airline Services and Logistics PLC was atop the losers’ list (percentage loss), shedding N0.22 to close at N2.23 from N2.45.

A total turnover of 1.832 billion shares worth N19.394 billion in 26,521 deals were traded, in contrast to a total of 2.272 billion shares valued at N28.624 billion that exchanged hands last week in 26,730 deals.

The financial services industry (measured by volume) led the activity chart with 1.313 billion shares valued at N9.533 billion traded in 12,356 deals, thus contributing 71.70% and 49.16% to the total equity turnover volume and value respectively.

The conglomerates industry followed with a turnover of 241.568 million shares worth N1.459 billion in 2,788 deals.
The third place was occupied by the oil and gas industry with 118.216 million shares worth N2.772 billion in 4,684 deals.

The top three equities traded in the week are FBN Holdings Plc, Transnational Corporation of Nigeria Plc and Fidelity Bank Plc (measured by volume), which jointly accounted for 662.811 million shares worth N6.011 billion in 5,125 deals and contributed 36.18% and 30.99% to the total equity turnover volume and value respectively.

Forty equities appreciated in prices during the week, lower than 43 equities of the preceding week, while 37 equities depreciated in prices higher than 35 equities of the preceding week.

However, 123 equities remained unchanged, higher than 122 equities recorded in the preceding week.

The NSE all-share index and market capitalization both depreciated by 0.46% to close lower on Friday at 42,832.82 and N14.143 trillion respectively.