Stock Market Reports For The Week Ended May 18th, 2018

By WILLIAM ANAEBONAM, Lagos

A total turnover of 1.457 billion shares worth N23.666 billion in 19,674 deals were traded last week (May 14th – 18th, 2018) by investors on the floor of the Exchange in contrast to a total of 1.586 billion shares valued at N25.992 billion that exchanged hands the previous week (May 7th-11th, 2018) in 21,115 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.223 billion shares valued at N16.825 billion traded in 11,092 deals; thus contributing 83.98 percent and 71.093 percent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 76.430 million shares worth N5.188 billion in 3,425 deals. The third place was occupied by Oil and Gas Industry with a turnover of 57.193 million shares worth N527.880 million in 2,237 deals.

Trading in the Top Three Equities namely –Zenith Bank International Plc, Guaranty Trust Bank Plc and United Bank for Africa Plc (measured by volume) accounted for 491.649 million shares worth N14.159 billion in 3,265 deals, contributing 33.75 percent and 59.83 percent to the total equity turnover volume and value respectively.

Also traded during the week under review were a total of 153,246 units of Exchange Traded Products (ETPs) valued at N4.009 million executed in 22 deals, compared with a total of 444,190 units valued at N2.514 million that was transacted previous week in 11 deals.

BONDS

A total of 7,508 units of Federal Government bond valued at N7.506 million were traded this last in 12 deals, compared with a total of 7,647 units valued at N8.047 million transacted the previous week in 30 deals.

INDEX MOVEMENT

 The NSE All-Share Index and Market Capitalization depreciated by 1.34 percent  to close the week at 40,472.45 and N14.660 trillion respectively. Similarly, all other indices finished lower with the exception of the NSE Consumer Goods Index which appreciated by 0.03 percent, while the NSE ASeM Index closed flat.

OTHER MARKET NEWS

Mutual Benefits Assurance Plc:

 Closure of Register – Year Ended 31 December 2017– Proposed Dividend: N0.02, Proposed Bonus: Nil, Qualification Date: 13th June 2018, Closure Date: 14th – 20th June 2018, AGM Date: 27th June 2018, Payment Date: 28th June 2018, AGM Venue: Premier Hotel, Ibadan at 11.00 a.m.

 Nem Insurance Plc:

 Closure of Register – Year Ended 31 December 2017– Proposed Dividend: N0.10, Proposed Bonus: Nil, Qualification Date: 1st June 2018, Closure Date: 4th – 8th June 2018, AGM Date: 20th June 2018, Payment Date: 20th June 2018, AGM Venue: Premier Hotel, Ibadan at 11.00 a.m.

 Smart Products Nigeria Plc:

Closure of Register – Year Ended 31 December 2017– Proposed Dividend: N0.10, Proposed Bonus: Nil, Qualification Date: 27th July 2018, Closure Date: 30th July – 3rd August 2018, AGM Date: 30th August 2018, Payment Date: 21st September 2018, AGM Venue: The Company’s Premises, 173, Agege Motor Road, Challenge, Mushin, Lagos at 12 Noon