NSE adjusts GT Bank and four other firms’ equities, three firms submitted their fourth quarter Accounts

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The Nigerian Stock Exchange (NSE) has adjusted the prices of GT Bank and four other companies in order to adjust their dividends and bonus issues as recommended by their board of directors at the closing of trading over the weekendThose five Companies were led by Guaranty Trust Bank Plc with the last price of N34.00 per share with N31.55 price per share resulting to a change of N2.45 per share, McNichols Consolidated Plc also adjusted for a final dividend of N0.05 per share with N0.58per price, accounting for last price of N0.63 per share, FCMB Group Plc also followed the with last price of N1.94per share, N0.14per share goes for dividend and N1.80 stands for ex-dividends adjustment, Access Bank Plc in it adjustment stood at N6.00price per share, N0.25 goes for dividend leaving N5.75 ex-dividend of per share and Custodian Investment Plc toed the line of others with last price of N6.70 while N0.35 for dividend representing N6.35per share for ex-dividend


Related development three companies Union Homes Real Estate Investment Trust (REIT) and Regency Assurance PLC and FBN Holdings PLC have submitted their fourth quarters audited accounts to the NSE based on the recommendation of the board of directors.


Still on stock market reports for the end of the trading at the NSE last week shown a total turnover of 1.770 billion shares worth N15.264 billion in 17,015 deals were traded by investors on the floor of the Exchange in contrast to a total of 3.544 billion shares valued at N20.264 billion that exchanged hands last week in 19,130 deals.


While the Financial Services Industry by volume led the records with 1.257 billion shares valued at N12.127 billion traded in 10,760 deals; thus contributing 71.00% and 79.45% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 226.767 million shares worth N288.198 million in 864 deals. ICT Industry came behind to over take consumer goods and services with a turnover of 184.641 million shares worth N76.618 million in 274 deals.

The top three most traded equities by volume are Sterling Bank Plc, Transnational Corporation of Nigeria and Guaranty Trust Plc accounted for 648.906 million shares worth N5.831 billion in 2,293 deals, contributing 36.65% and 38.20% to the total equity turnover volume and value respectively

Also traded during the week were a total of 13,740 units of Exchange Traded Products (ETPs) valued at N215,010 executed in 2 deals. However,- there were no trade recorded for ETPs last week.


The Federal Government Bonds with a total of 787,527 units valued at N795 million were traded this week in 26 deals compared with a total of 18,042 units valued at N19.685 million transacted last week in 24 deals.

The NSE All-Share Index and Market Capitalization depreciated by 0.19% to close the week at 29,560.47 and N11.103 trillion respectively. Similarly, all other indices finished lower with the exception of the NSE CG, NSE Premium, NSE AFR Bank Value, NSE AFR Div Yield, NSE Oil/Gas and NSE Pension Indices that appreciated by 0.54%, 0.87%, 1.48%, 0.90%, 0.34% and 0.73% respectively


Thirty-five (35) equities appreciated in price during the week, higher than fourteen (14) in the previous week. Thirty-one (31) equities depreciated in price, lower than fifty-five (55) equities of the previous week, while one hundred and one (101) equities remained unchanged, higher than ninetyeight (98) equities recorded in the preceding week.


The Caption Photo: The NSE CEO, Oscar Onyema and The GTB CEO, Segun Agbaje

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