Brands’ equities attract N47billion investment at the stock market last week
By Dele Ojo
An aggregate of 1.858 billion Brands’ shares listed on the Nigerian Exchange in the sum of N47.486 billion were traded by investors last week in 20,861 business deals on the floor of the Exchange. This was in contrast to a total of 1.600 billion shares valued at N32.716 billion that exchanged hands the previous week in 22,607 business bargains.
By the volume of brands’ shares that exchanged hands during trading in the week, the Financial Service sector led the activity chart with 815.363 million shares priced cumulatively at N7.066 billion offered in 10,736 deals; therefore contributing 43.89% and 14.88% to the total equity turnover volume and value respectively.
Brands in ICT Industry followed with 596.575 million shares valued at N845.020 million in 1,028 deals. The third place was The Conglomerates Industry, attracting investment of N191.189 million, with the acquisition of 161.347 million shares during which 983 deals were made to reach equilibrium price.
Trading in the top three brand equities namely Computer Warehouse Group Plc, Transnational Corporation of Nigeria Plc, FBN Holdings Plc, in volume terms, accounted for 810.748 million shares worth N2.080 billion in 1,499 deals, contributing 43.65% and 4.38% to the total equity turnover volume and value respectively.
Top Three Brands:
Computer Warehouse Group Plc
Computer Warehouse Group listed its shares on the Nigerian Stock Exchange on the 15th of November 2013 and became listed as a Public Company.
The listing boosted the market capitalisation of the NSE by about N14 billion Naira, making Computer Warehouse Group PLC the highest capitalized security in the ICT Sector. Its’ listing also marked the first listing of the exchange after the launch of the X-Gen trading engine; the same engine used on the NASDAQ.
As a Company with a great belief in excellence, service delivery, and operational standards, Computer Warehouse Group pursues its achievements through global best practices using its ISO9001 Certification process across the whole Group. Over the years, numerous awards and recognition have poured in from its Partners, Clients, Customers, Media, and Professional Bodies. As a result of its service excellence and increased contribution to economic development through the deployment of many technology solutions, The World Economic Forum (WEF) recognized the Company as a Global Growth Company in 2014.
Transnational Corporation of Nigeria Plc
The Company was incorporated on November 16, 2004, as a public limited liability company domiciled in Nigeria in accordance with the requirements of the Companies and Allied Matters Act, Cap C20, Laws of the Federation of Nigeria, 2004. Following a successful initial public offer (IPO), the Company was listed on the Nigerian Stock Exchange in December 2006. The shares of the Company have continued to be traded on the floor of the Exchange.
The Company’s business is investment in, and operation of, portfolio companies in the hospitality, power, agriculture, and oil and gas sectors. The Company has retained subsidiaries and affiliates providing services and sale of goods in these sectors.
FBN Holdings Plc
FBNHoldings is the holding company for the first Bank Group and one of the largest financial services organisations in Africa. The organisation is multifaceted and one of the largest financial services organisation in Africa. It is well-diversified essentially along with Commercial Banking, Merchant Banking, Capital Markets, Trusteeship, and Insurance brokerage. It is a diversified and leading financial services group offering a broad range of products and services through its subsidiaries, First Bank of Nigeria Limited, FBNBank (UK), FBNBank DRC, bank subsidiaries in West Africa; FBNQuest Merchant Bank Group comprising FBNQuest Merchant Bank and its subsidiaries, FBNQuest Securities Limited and FBNQuest Asset Management Limited.
It has oversight over its subsidiaries and drives group coordination, collaboration, and synergies among other principal activities towards innovative financial solutions and enhanced shareholder value.
RECOMMENDED ARTICLES
Comment
No comments found.