Forty seven (47) equities appreciated in price during the week, higher than thirty nine (39) of the previous week. Twenty (20) equities depreciated in price, lower than twenty three (23) equities of the previous week, while one hundred and five (105) equities remained unchanged lower than one hundred and nine (109) equities recorded in the preceding week.
A total turnover of 3.316 billion shares worth ₦36.451 billion in 29,771 deals were traded this week by investors on the floor of the exchange in contrast to a total of 14.257 billion shares valued at ₦35.056 billion that exchanged hands last week in 17,379 deals. The Financial Services Industry (measured by volume and value respectively. The Conglomerates Industry followed with 247.639 million shares worth ₦1.330 billion in 1,333 deals. The third placed was occupied by Consumer Goods Industry with a turnover of 185.560 million shares worth ₦5.976 billion in 3,137 deals. FBN Holdings, Fidelity & Zenith Banks led the most volumes list with a whooping 958.742million shares worth 11.355billion in 6,765 deals, contributing 28.91% and 31.5% to the total equity turnover volume and value respectively.
First Bank Holdings Plc led the gainers list with a 26.33% change that represents a ₦1.88k appreciation rising from an open of ₦7.14k to a close of ₦9.02k at the close of the week on Friday. Total Nigeria Plc led the losers list with a -5.39% loss that represents a ₦-12.99k loss opening at ₦241 closing on Friday at ₦228.01k
Union Bank Plc listed an additional volume of 51,299,322 ordinary shares of 50k each to the official list of the exchange as at 4th December 2017. This additional shares arose from the Bank’s Long Term Transformation Incentive Plan (“LTTIP”). These additional shares now brings the total paid up shares of the Bank from 51,299,322 to 16,987,105,793
Flour Mills of Nigeria Plc through its Stockbrokers Stanbic IBTC Stockbrokers Limited submitted and application to the Nigeria Stock Exchange for approval and listing of a Rights Issue 1,476,142,418 ordinary shares of 50k each at ₦27 per share on the basis of 9 new ordinary shares for every 16 ordinary shares held. The Exchange set the Qualification for the Rights issue for today the 8th December 2017.