Stock Market Report For Week June 4th – 8th, 2018

By WILLIAM ANAEBONAM, Lagos

A total turnover of 1.749 billion shares worth N31.183 billion in 24,604 deals were traded last week by investors on the floor of the Nigeria Stock Exchange in contrast to a total of 2.699 billion shares valued at N84.775 billion that exchanged hands in previous week in 19,715 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.423 billion shares valued at N19.717 billion traded in 13,950 deals; thus contributing 81.37 percent and 63.23 percent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 153.105 million shares worth N6.805 billion in 4,512 deals. The third place was occupied by Conglomerates Industry with a turnover of 60.473 million shares worth N186.600 billion in 905 deals.

Trading in the Top Three Equities namely – Guaranty Trust Bank Plc, Access Bank Plc and Zenith Bank International Plc (measured by volume) accounted for 588.605 million shares worth N16.568 billion in 4,120 deals, contributing 33.65 percent and 53.14 percent to the total equity turnover volume and value respectively.

Exchange Traded Products

Also traded during the week were a total of 202,916 units of Exchange Traded Products (ETPs) valued at N1.168 million executed in 19 deals, compared with a total of 22,080 units valued at N393,726.30 that was transacted last week in 10 deals.

Bonds

A total of 10,561 units of Federal Government bonds valued at N10.381 million were traded this week in 20 deals, compared with a total of 6,433 units valued at N6.599 million transacted last week in 12 deals.

Market News

Prestige Assurance Plc: Lifting of Suspension on Trading in Shares Pursuant to Share Capital Reconstruction Exercise: The full suspension placed on the shares of Prestige Assurance Plc (Prestige Assurance or the Company) was lifted on Thursday, 7 June 2018.

The shares of the Company were formerly placed on full suspension from Wednesday, 23 May, 2018 to Wednesday, 6 June, 2018 to enable the Registrars update the register of members, sequel to the share capital reconstruction exercise embarked upon by Prestige Assurance.

Prestige Assurance has notified the Exchange that the exercise has been completed and the shareholders’ register has been updated. Consequently the suspension placed on the Company’s shares was lifted. The share price was subsequently adjusted to 0.67 kobo.

Conoil Plc: Closure of Register – Year Ended 31 December, 2017– Proposed Dividend: N2.00, Proposed Bonus: Nil, Qualification Date: 14th June 2018, Closure Date: 15th – 22nd June, 2018, AGM Date: 13th July, 2018, Payment Date: 23rd July 2018. AGM Venue: Meridien Ibom Hotel and Golf Resort, Uyo, Akwa Ibom State.