The All Share Index rose 1.78% in the first week of trading on the news that the NSE emerged as the number three in terms of return on equity towards the end of 2017. The Index rose from 38,243.19 to 38,923.26, the index rose 680.07 points to close at a weekly high. Sterling Bank Plc led the gainers list with a 0.33kobo appreciation, rising from an opening price of 1.08 to 1.41, which represents a 30.56% appreciation. Custodian & Allied Assurance Plc led the losers list with a 0.09kobo loss dropping from an opening price of 3.89 to 3.80 week to date.
Zenith Bank Plc led the Financial Service stocks with a total traded volume of 96,790,916 million shares traded with a value of 2,611,402,001.04 in 1,246 deals bringing the stock price to a closing of 27.90. The Nigeria Stock exchange All Share Index rose to 38,923.26 points at a value of 13.851 trillion naira. A total of 2.417 billion shares worth 18.813billion naira exchanged in 20,874 deals which is a significant uptick from the previous week of 1.31billion shares valued at 12.635billion exchanged in 9,016 deals.
It appears as though did a 100% appreciation in traded volume, number of deals in which it was done and the value of those shares exchanged. Transnational Corporation, Skye Bank & Diamond Bank Plc led top three (3) equities contributing 49.37% in volume and 8.93% in value respectively.
The acceptance period for Morison Rights Issue closes on the 5th January. The NSE has advised all stockbrokers acting as receiving agents for trading of the rights of the equity to forward their documentation to Cardinal Stone Registrars or GTI Securities with accompanying docket, showing the full data of the subscriber and the accompanying details.