VOLUME DOWN 43.8% IN SEPTEMBER AT NIGERIAN STOCK EXCHANGE

Traded volume at the Nigerian stock exchange dropped by 43.8% to 4.205bn shares when compared to 7.476bn units in August.

Also the number of deals struck reflecting investors interest declined by 33.3% to 64,777 as against 96,982 in August and traded value came to N64.76bn in September.

Week 39 which ended yesterday, Friday September 29 contributed less than its average share to number of deals (14,703 or 22.7%), traded value (21.8% or N14.086bn) but more in terms of traded volume (1.325bn or 31.5%).

In terms of traded volume and value, the pacesetter for the month was GTB in which 3rd placed 4118 deals were sealed involving leading 491.9m shares worth month high N19.114bn.

It was trailed in volume terms by Access bank with 2797 deals for 434.8m shares worth N4.244bn but value wise, the honour belonged to high priced Nestlé Nigeria in which 951 deals involved 7.736m shares worth N9.399bn.

The most scrambled for equity for the month was Zenith bank with leading 5176 deals for 3rd ranked 278m shares worth N6.37bn just behind Nestle in terms of value.

Fellow premium stock, FBN Holdings, ended the month with 2nd ranked 4793 deals for 210.3m shares worth N1.18bn.

There were 49 price drops and 26 gains in the month of September when closing prices are compared to August closing levels.

In Naira and Kobo the leading price gains were recorded in Guinness Nigeria which ended the month at N95.01 per share or up N19.51; Dangote Cement up N7.99 to N212.99 per share and 11 PLC (former Mobil) up N4.89 from its August N165.11 per share close to N170.0.

Still in Naira and Kobo top price losers were Seplat Petroleum down N40.40 to N450.10 per share; Nigerian Breweries at N165 per share, down N15.03 and Total Nigeria which closed at N231 per share, down N14.0 per share.

Yesterday, Friday, the month and week had closed with 2809 deals for 235.8m shares. The day too had also witnessed 27.84% increase in the price of FGS bond due April 2019 at 12.794% coupon bringing the price to N90 as 1 deal was struck for 21 units.

This apparently helped reduce the final drop in total market capitalisation to N19,618.25bn (down only 0.22%) despite 1.55% decrease in total equity capitalisation by 1.55% to N12,228.026in.

On Friday, leading trades were recorded in UBA (193 deals for 38.8m shares); GTB (352 deals involving 34.8m units); Access bank (106 deals, 31.6m shares) and Zenith with leading 388 deals for 22.5m shares).

Leading gainers were C & I leasing, up 7.24% or N0.11 per share and Sterling bank up 5% or N0.05 but in Naira and Kobo, top gainer was 11 PLC (erstwhile Mobil) with N2.01 rise or 1.2% per share.

Top price losers in Naira and Kobo were Nestle, down N4.89 or 0.40% per share and Guinness down N3.63 or 3.68% while % wise AG Leventis paced with 4.84% or N0.03 per share drop and UAC Property which lost 4.56% or N0.13 per share.

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