NSE Records Transactions Worth N20.83 Billion In 18,695 Deals Within Four Days

By WILLIAM ANAEBONAM, Lagos

A total turnover of 1.331 billion shares worth N20.835 billion in 18,695 deals were traded by  investors  on  the  floor  of  the Nigerian Stock Exchange (NSE) last week within four days of business transactions.

Only four-day trading sessions were witnessed last week as the Federal Government of Nigeria declared Tuesday May 1st, 2018 a public holiday to mark the Workers Day  celebration.

The week’s turnover contrasted with a  total  of  1.825  billion  shares valued at N24.653 billion that exchanged hands the previous week in 23,148 deals.

The Financial Services Industry (measured by volume) led the activity chart with 1.042 billion shares valued at  N11.275 billion  traded  in  9,665 deals; thus  contributing  78.32 percent  and  54.11 percent to  the  total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 84.124 million  shares  worth  N4.322  billion  in  3,691  deals.  The  third  place  was  occupied  by  Oil  and  Gas Industry with a turnover of 51.918 million shares worth N596.463 million in 2,307 deals.

Trading in the Top Three Equities namely – United Bank for Africa Plc, Mutual Benefits Assurance Plc and Access Bank Plc (measured by volume) accounted for 457.930 million shares worth N3.784 billion in 1,469 deals, contributing 34.41 percent and 18.16 percent to the total equity turnover volume and value respectively.

Other market news are as follows: Fidelity  Bank  Plc:  Closure of Register – Year  Ended 31 December  2017. Proposed  Dividend: N0.11  Kobo,  Proposed  Bonus:  Nil,  Qualification  Date:  11th  May  2018,  Closure  Date:  14th  –  18th May, 2018, AGM  Date:  25th  May, 2018, Payment  Date:  25th May, 2018, AGM Venue:    Orchid  and Lantana Hall, Eko Hotel & Suites, 1415, Adetokunbo Ademola Street, Victoria Island, Lagos at 10:00 a.m.

Seplat Petroleum Development Company Plc: Closure of Register – Period Ended 31 March, 2018–Proposed Interim Dividend: US$0.05, Proposed Bonus: Nil, Qualification Date: 16th May, 2018, Closure Date: 17th May 2018, AGM Date: N/A, Payment Date: 8th June 2018, AGM Venue:  N/A

NB:  The  exchange  rate  for  the  Naira  or  pounds  sterling  amounts  payable  will  be  determined  by reference to the relevant exchange rates applicable to  the US dollar on 16th May, 2018 and will be communicated by the Company on 17th May, 2018.

Capital Hotels Plc: Closure of Register – Year Ended 31 December 2017– Proposed Dividend: N0.05  Kobo,  Proposed  Bonus:  Nil,  Qualification  Date:  8th  June  2018,  Closure  Date:  11th  –  15th June, 2018, AGM Date: 27th June, 2018, Payment Date: 4th July, 2018, AGM Venue: Sheraton Hotel
Abuja at 12.00 noon.

Lasaco  Assurance  Plc:  Closure  of  Register  –  Year  Ended  31  December  2017–  Proposed Dividend: N0.04 Kobo, Proposed Bonus: Nil, Qualification Date: 1st June, 2018, Closure Date: 4th –8th June, 2018, AGM Date: 21st June, 2018, Payment Date: 5th July 2018, AGM Venue: Lagos City Hall Lagos at 11.00 a.m.