Nigerian Stock Exchange: Transactions remain up-beat as market closes for 2015

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Hopes on future quality returns on investments characterised securities
(equities and bonds) transactions on the Nigerian Stock Exchange, as the
market closed for 2015 on Thursday, December 31.

At the end of the three days of transactions in the last week of 2015, the All -Share Index and Market Capitalization appreciated by 66.59 per cent and 6.62 per cent respectively.

The transactions saw the All-Share Index rose by 1,771.01 points to closed at 28, 642.25
points.

The cumulative networth of all 252 securities (equities and bonds) also grew by N613 billion to close at year at N9.851 trillion.

PREMIUM TIMES reports that in spite of the investors’ anticipated hope for 2016, investors’ cumulative Year-to-Date (YTD) returns on investments in 2015 closed negatively at -17.36 per cent.

An analysis of the last three days of trading showed that investors’ appetite
remains very high in the Financial Services Industry as 2.760 billion
shares, valued at N5.174 billion, were traded in 4,103 deals.

The financial services sector in the period under review accounted
for 93.06 per cent and 55.25 per cent of the total equity turnover
volume and value respectively.

A further breakdown of activities in the financial services industry
showed that interests in the shares of African Alliance Insurance
Company, Sterling Bank, and FBN Holdings accounted for 1.998 billion
shares worth N2.585 billion in 882 deals or 67.36 per cent and 27.60
per cent in volume and value respectively.

The Services Industry followed with 66.805 million shares worth
N203.043 million in 140 deals while the Information Communications and
Technology Industry accounted for 42.737 million shares worth N21.730
million in 15 deals.

In the last three days also, 60,171 units of Exchange Traded Products
(ETPs), valued at N484,396.36, were executed in 20 deals, compared with
721 units, worth N250,859.50, transacted in the previous week in 19
deals.

Overall, securities transactions across the floors of the nation’s
stock exchange in the three days showed that 2.965 billion shares worth N9.364
billion were traded in 7,174 deals against 743.117 million shares
valued at N6.591 billion that exchanged hands last week in 8,325 deals

In the same vein, 75,750 units of Federal Government Bonds, valued at
N128.722 million were traded in the period under review in one deal.

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