STOCK MARKET REPORT FOR NOVEMBER 9, 2012

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The stock market recorded a turnover of 1.189 billion units of shares valued at N11.491 billion exchanged hands in 22,277 deals this week compared to 1.512 billion shares valued at N12.950 billion that exchanged last week in 23,039 deals.
The Financial Services sector continued its vibrant dominance in the activity chart (measured by turnover volume) recording the highest trading volume of 835.158 million units of shares valued at N6.380 billion traded in 13,326 deals, representing 70.00%, 55.52% and 60.00%, of the volume, value and number of deals executed on the stock market respectively during the week. The Consumer Goods sector (measured by turnover volume) followed with a recorded volume of 178.863 million shares valued at N3.651 billion traded in 4,204 deals. The top two sectors accounted for 1.014 billion shares valued at N10.031 billion traded in 17,530 deals, thus accounting for 85.00%, 87.29% and 79.00% of the volume, value and number of deals respectively.
Dangote Sugar Refinery Plc of the Food Products subsector was the most active with a volume of 120.168 million units followed by Zenith Bank Plc and United Bank for Africa Plc. The top three equities with a total volume of 324.977 million units of shares contributed 27.00% and 25.79% respectively to the total turnover and value for the week.
PRICE MOVEMENT
The NSE All-Share Index, which opened the week at 26,559.55 closed at 26,718.30 thereby appreciating 158.75 points or 0.60%. The Market Capitalization of the listed equities increased by N50.588 billion or 0.60% to close at N8.514 trillion.
SUMMARY OF PRICE CHANGE
The analysis of the equity price movements indicated that thirty (30) equities gained while thirty-nine (39) equities recorded price declines and prices of one hundred and twenty nine (129) equities remained constant. When compared with the preceding week, twenty-one (21) equities gained while fifty-two (52) equities recorded price declines and prices of one hundred and twenty five (125) equities remained constant.


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