Investors on the Nigerian Stock Exchange
(NSE), in January, bought and sold 10.94 billion shares worth N81.8
billion traded in 128,489 deals.
The statistics from the NSE, for the period under review, on
Thursday, showed this is against the 5.15 billion shares valued at
N46.55 billion exchanged in 72,421 deals in December.
The statistics also showed that the difference in the turnover volumes is 5.89 billion shares higher or 112.43 per cent higher than that of December.
Also, the net-worth of investors, on the NSE, appreciated by 13.44 per cent in January while the All-Share Index closed higher at 31,853.19 from the 28,078.81 achieved in December.
The market capitalisation also rose by N1.22 trillion to close at N10.19 trillion as against the N8.97 trillion recorded in December.
The rise the capital market indices is due to price gains posted by blue chips.
The index measures the growth of the bourse, while the capitalisation captures the daily worth of all listed securities.
Eterna Oil, during the period under review, appreciated by 144.72 per cent to close at N4.87 per share.
Forte Oil grew by 116.43 per cent to close at N16.73 while CCNN increased by 92.83 per cent to close at N10.22 per share.
On the other hand, John Holt recorded the highest lost of 50 per cent to close at N1.7 per share.
Morrison depreciated by 25.65 per cent to close at N2.58 while DN Meyer declined by 18.71 per cent to close at N1.26 per share.
Some stakeholders attributed the market growth in January to rising investors’ confidence and expectations of improved 2012 full year results.
Mr David Adonri, the Chief Executive Officer, Lambeth Trust & Investment Co. Ltd, Lagos, claimed that investors' confidence had been restored in the market.
According to Adonri, rising domestic investors' confidence together with huge foreign portfolio investment inflow are the main factors behind the upbeat.
He said that the market vibrancy could be sustained without over-heating it if the market makers were able to manage the cash and stocks liquidity appropriately.
Malam Garba Kurfi, the Managing Director, APT Securities and Funds Ltd., Lagos, attributed the growth to stability in foreign exchange and increase in foreign reserve.
Kurfi, however, called on investors to trade with caution and invest in companies with strong fundamentals and those trading at fair value.
Another stockbroker, Mr Wale Idowu, said that the market performance in January was above operators’ expectations.
Idowu also urged investors to ensure product diversification by embracing the retail bond trading reactivated by the NSE in February.
He said that the retail bond platform would serve as a safe and profitable alternative investment outlet in the near future.
The statistics also showed that the difference in the turnover volumes is 5.89 billion shares higher or 112.43 per cent higher than that of December.
Also, the net-worth of investors, on the NSE, appreciated by 13.44 per cent in January while the All-Share Index closed higher at 31,853.19 from the 28,078.81 achieved in December.
The market capitalisation also rose by N1.22 trillion to close at N10.19 trillion as against the N8.97 trillion recorded in December.
The rise the capital market indices is due to price gains posted by blue chips.
The index measures the growth of the bourse, while the capitalisation captures the daily worth of all listed securities.
Eterna Oil, during the period under review, appreciated by 144.72 per cent to close at N4.87 per share.
Forte Oil grew by 116.43 per cent to close at N16.73 while CCNN increased by 92.83 per cent to close at N10.22 per share.
On the other hand, John Holt recorded the highest lost of 50 per cent to close at N1.7 per share.
Morrison depreciated by 25.65 per cent to close at N2.58 while DN Meyer declined by 18.71 per cent to close at N1.26 per share.
Some stakeholders attributed the market growth in January to rising investors’ confidence and expectations of improved 2012 full year results.
Mr David Adonri, the Chief Executive Officer, Lambeth Trust & Investment Co. Ltd, Lagos, claimed that investors' confidence had been restored in the market.
According to Adonri, rising domestic investors' confidence together with huge foreign portfolio investment inflow are the main factors behind the upbeat.
He said that the market vibrancy could be sustained without over-heating it if the market makers were able to manage the cash and stocks liquidity appropriately.
Malam Garba Kurfi, the Managing Director, APT Securities and Funds Ltd., Lagos, attributed the growth to stability in foreign exchange and increase in foreign reserve.
Kurfi, however, called on investors to trade with caution and invest in companies with strong fundamentals and those trading at fair value.
Another stockbroker, Mr Wale Idowu, said that the market performance in January was above operators’ expectations.
Idowu also urged investors to ensure product diversification by embracing the retail bond trading reactivated by the NSE in February.
He said that the retail bond platform would serve as a safe and profitable alternative investment outlet in the near future.
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