A Review of the Nigerian Energy Industry

Nigerian bourse attracts N281bn investment in Q1

Trading session at the NSE02 April 2014, Lagos – Nigerian equities has attracted N281.602 billion invested in 29.297 billion shares traded in 326,334 deals in the first quarter of the year, according statistics  obtained by THISDAY.

The statistics showed that investors made the highest investment of N99.35 billion staked on   12.291 billion shares in 104, 578 deals in February.  January accounted for N98.749 billion spent on 9.215 billion shares in 128,798 deals, while March recorded N83.602 billion committed in 7.791 billion shares in 92,958 deals.

A further analysis of the trading figures showed that the highest value of  the weekly investment was recorded in the last week of March as investors traded invested N26.811 billion in 1.870 billion in 21,632 deals.

The last week of February followed with N26.698 billion invested in 1.809 billion  shares in  25,342 deals.

The second week of February accounted for N25.134 billion invested in 1.918 billion shares in 25,346 deals. The third week of February accounted for N24.439 billion invested in 6.973 billion shares in 27,633 deals, while investors committed N23.1 billion in 1.591 billion shares in 26,257 deals in the first week of February.

In the month January, investors staked N22.44 billion on 1.722 billion in 29,600 deals in the second week.  The Nigerian Stock Exchange (NSE) recorded N21.045 billion invested in 2.221 billion in 27,855 deals in the last week of January and N21.024 billion staked on 1.758 billion shares in 28,949 deals in the third week of January.

A total of N18.333 billion was invested in 1.722 billion shares in 25,016 deals in the third week while the first week of the January accounted for N15.907 billion invested in two billion shares in 17,378 deals.
Meanwhile,Trans Nationwide Express Plc, a courier firm, led the stocks that recorded price appreciation at the end of first quarter of the year, outperforming the  Nigerian Stock Exchange (NSE) All-Share Index (ASI). The ASI declined by 6.2 per cent in the Q1 of the year due to a bear run that was caused by a series of events that impacted negatively on the Nigeria’s financial sector.

While some stocks were badly hit by the negative trend thereby underperforming the ASI, Trans Nationwide and led other stocks to close the quarter positively.

The company, which is listed in the services sector of the NSE, recorded a  growth of 103 per cent. IHS Plc, which is planning to delist from the exchange followed with 41 per cent growth, while Union Dicon Salt Plc rose 35 per cent.

Cadbury Nigeria Plc appreciated by 34 per cent, while Beta Glass Plc rose 32 per cent.  Seven-Up Bottling Company Plc went up by 26 per cent just as UACN Property Development Company Plc,   Costain (West Africa) Plc, Royal Exchange Assurance Plc and Neimeth International Pharmaceuticals Plc grew by 21 per cent, 19.3 per cent, 16.9 per cent and 15 per cent respectively.


– Goddy Ngene, This Day

In this article

Join the Conversation