Nigeria's Post-Election Rally – Investors Recover N164 Billion Value On Investment in Shares

As an aftermath of the 2011 elections, investors last week recovered N164 billion value of their investment in shares from the stock market.

However, equities value represented by the market capitalisation of the 194 First-Tier equities appreciated by 2.03 per cent to close at N8.248 trillion from N8.084 trillion at which it opened the week. Another key performance index, the All-share index surged by 2.03 per cent or 513.25 basis points to close at 25,813.71 points from 25,300.46 points.

Dangote Cement Plc led 45 other stocks during the week, lower than the seven 47 of the preceding week on the gainers’ table with a gain of N6.06 or 5.00 per cent to close at N127.32 per share, MRS Oil Nigeria Plc followed with a gain of N5.44 or 8.17 per cent to close at N72.00 per share and

Mobil Oil Nigeria Plc garnered N3.80 or 2.56 per cent to close at N152.00 per share.

Other share price gainers’ include: Lafarge Cement WAPCO Nigeria Plc N3.74, Flour Mills of Nigeria Plc N2.90, PZ Cussons Nigeria Plc N2.05, UAC of Nigeria Plc N2.00, Dangote Sugar Refinery Plc N1.70, Julius Berger Nigeria Plc N1.60, International Breweries Plc N1.42, among others.

On the contrary, 43 other stocks depreciated in price during the week, higher than the 32 of the preceding week. Total Nigeria Plc led on the losers’ table, dropping by N6.00 or 2.98 per cent to close at N195.50 per share, Northern Nigerian Flour Mills Plc followed with a loss of N1.61 or 4.98 per cent to close at N30.73 per share and Diamond Bank Plc dipped by N0.85 or 11.41 per cent to close at N6.60 per share.

Other share price losers include: Unilever Nigeria Plc N0.50, Champions Breweries Plc N0.45, B.O.C Gases Plc N0.44, Dangote Flour Mills Plc N0.39, A.G. Leventis Nigeria Plc N0.28, Pharma-Deko Plc N0.21, Prestige Assurance Company Plc N0.21, among others.

A turnover of 1.616 billion shares valued at N13.80 billion was recorded in 29,796 deals, meanwhile transaction appreciated by 45.59 per cent in the week under review, in contrast to the previous week’s turnover of 1.11 billion shares valued at N8.87 billion in 22,024 deals.

The Banking sub-sector was the most active on the sectorial analysis accounting for 59.90 per cent of the market turnover with 968.73 million shares valued at N8.49 billion in 16.809 deals. Zenith Bank Plc dominated activity in the sub-sector trading 212.47 million shares valued at N3.27 million in 1,982 deals, First Bank of Nigeria Plc followed with 105.66 million shares valued at N1.45 million in 2,990 deals and United Bank for Africa Plc recorded 99.37 million shares valued at N700.29 million 2,147 deals.

However, The NSE-30 Index which measures the performance of blue chips in the market appreciated by 17.71 points or 1.56 per cent to close at 1,148.77. All of the four sectorial indices appreciated during the week compared with two that so appreciated during the preceding week. The NSE Food & Beverage Index appreciated by 21.64 points or 2.56 per cent to close at 858.75, the NSE Banking Index appreciated by 2.86 points or 0.73 per cent to close at 408.93, the NSE Insurance Index appreciated by 0.24 points or 0.15 per cent to close at 171.60 and the NSE Oil/Gas Index appreciated by 2.64 points or 0.81 per cent to close at 329.15.