The market observed three trading days as the Federal Government of Nigeria declared 26th and 27th of July, as public holidays to observe the end of the Holy Month of Ramadan and Id-elFitr celebrations. For the three days, a total turnover of 1.171 billion shares worth N11.458 billion in 13,763 deals were traded by investors on the floor of the Exchange as against a total of 2.311 billion shares valued at N24.577 billion that exchanged hands last week in 27,836 deals.
The NSE All-Share Index and Market Capitalization appreciated by 3.10% to close the week at 33,117.48 and N11.452 trillion respectively. Similarly, all other Indices finished higher during the week with the exception of the NSE Insurance Index that depreciated by 0.07% to close at 137.86.
Forty (40) equities appreciated in price during the week, higher than twenty-three (23) equities of the previous week. Twenty-eight (28) equities depreciated in price, lower than fifty-two (52) equities of the previous week, while one hundred and five (105) equities remained unchanged higher than ninety-eight (98) equities recorded in the preceding week.
The following securities were adjusted this week for dividends as recommended by its Board of Directors: MRS-Oil (N1.73, Payment- 25th July, AGM- 26th July, 2017), Fidson Healthcare (N0.05, Payment- 20th July, AGM- 21st July), E-Tranzact (N0.10, Payment- 3rd August, AGM- 27th July, 2017), Aluminum Extrusion (N0.085, Payments- 7th August, AGM- 4th August, 2017) and Smart Products (N0.225, Payment- 12th August, AGM- 27th July, 2017).
The management of 7-up bottling released its full year audited financials for 31st March, 2017. In the report, no dividend was proposed by the directors.