Author Topic: OTC RECORDS N274 BILLION ON THE EXCHANGE  (Read 768 times)

Offline furtune

  • Honorable
  • *****
  • Posts: 76,684
  • Country: ng
  • Gender: Male
  • It is good to be good!
    • View Profile
OTC RECORDS N274 BILLION ON THE EXCHANGE
« on: November 17, 2008, 12:30:54 PM »
OTC records N274 billion on the Exchange
By Helen Oji

TRADING at the Over the Counter Bond Market (OTC) witnessed an increase last week, as a turnover of 275.7 million units, valued at N274.4 billion, was done on 1,800 deals, in contrast to 237.8 million units, valued at N237.9 billion; exchanged in 2,036 deals the preceding week.

According to the Nigerian Stock Exchange (NSE), the most active bond in volume terms was the 4th FGN Bond 2010 series 14, which traded 48.7 million units, worth N48.9 billion in 224 deals while 4th FGN Bond 2010 Series 4 followed on the list with 32.3 million units, worth N31.52 billion in 136 deals.

Similarly, a turnover of 2 billion shares, worth N18.55 billion was exchanged in 53,739 deals last week on the floor of the NSE, up from 1. Billion units, worth N13.74 billion, recorded in 38,845 deals in the preceding weeks.

The banking sub-sector remains the most active in volume terms with 1.1 billion shares, valued at n13.82 billion in 33,773 deals, while the insurance sub-sector followed with a turnover of 482.25 million units, worth N878.92 million on 5,125 deals.

A breakdown of activities in the banking sub-sector, last week showed that the sub-sector was strengthened by activity in t he shares of Access Bank Plc, First City Monument Bank Plc and Oceanic Bank International Plc, as trading in the shares of the three banks accounted for 397.44 million shares, which represents 36.4 per cent of the sub-sector's turnover.

The insurance sub-sector was buoyed by activity in the shares of International Energy Insurance Plc and Investment and Allied Assurance Plc.

Meanwhile, corporate performance indices, the All-share index of NSE rose by 2903.0 points or 7.7 per cent from 34,973.05 recorded on Monday to 37,876.06 on Friday, while market capitalisation increased by N700 billion or 8.4 per cent, from N7.6 trillion to N8.4 trillion.

On the price movement chart, 60 stocks appreciated in price last week, higher than 22 recorded in the preceding week with Guinness Nigeria Plc emerging the week's highest price gainer, adding 2,250 kobo, to close at N104.03 per share, while Nigerian Breweries followed with 913 kobo, to close at N45.00 per share.

Other gainers of last week's trading includes - First Bank of Nigeria Plc, Zenith Bank International Plc, Dangote Sugar Refinery Plc, Guaranty Trust Bank Plc, Dangote Flour Mills Plc, United Bank for Africa Plc (UBA), Constrain West Africa Plc and Nigerian Aviation Handling Company (NAHCO), adding 611 kobo, 585 kobo, 405 kobo, 379 kobo, 336 kobo, 312 kobo, 300 kobo and 285 kobo.

On the other hand, Forty stocks depreciated in price last week lower than 79 in the preceding week.

Chevron Oil Nigeria Plc led others on the loser's chart, shedding 4,441 kobo, to close at N267.00 per share, while Oando Nigeria Plc followed, dropping 2,709 kobo, to close at N119.02 per share.

Nigeria Enamel ware Plc, Julius Berger Nigeria Plc, Benue Cement Company of Nigeria Plc, Nigerian Bottling Company Plc, BOC Gases Plc, UACN Plc, Neimeth International Pharmaceutical Plc and Lafarge West African Plc also loss 1,367 kobo, 618 kobo, 556 kobo, 322 kobo, 290 kobo, 177 kob0, 100 kobo and 90 kobo.

Advertisements

CLICK HERE TO MAKE NEW FRIENDS ON NBF SOCIAL NETWORKYou Need to Make 50 Posts For Your Links To Appear In your Signature
YOU DON'T HAVE TO SPAM TO INCREASE YOUR POSTS COUNT. START BY WELCOMING NEW MEMBERS AND HELPING OTHERS. SPAMMING WILL ONLY GET YOU BAN

Nigerian Best Forum . NBF

OTC RECORDS N274 BILLION ON THE EXCHANGE
« on: November 17, 2008, 12:30:54 PM »

Enter Your Email Below For Daily Jobs Updates, It's Free

100% Free


 

ads