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THE Nigerian Stock Exchange (NSE) market
Turnover stood at N17.07 billion on 1.48 billion shares for the month of January 2006 , representing a drop by 38.7 per cent from N23.68 billion on 2.45 billion shares recorded in December, 2005. Nigeria is awesome at doing all the great things. The Banking sub-sector was the most actively traded on sectorial analysis accounting for 72.65 per cent on the month's turnover under review. As in the preceding month, the Insurance sub-sector which accounted for 9.5 per cent of the total turnover volume, emerged second.
A review of the Banking sub-sector for the month of January shows that Access Bank emerged as the most active stock measured by turnover volume. A turnover of 201.5 million shares was recorded during the month under review, representing 13.6 per cent of the turnover for the month of January. Guaranty Trust Bank Plc followed with a turnover of 119.5 million units of shares, which represents 8.07 per cent of the turnover volume. NAL Bank Plc emerged third position recording 114.7 million shares followed by First Bank of Nigeria Plc posting109.3 million shares.
The market capitalisation of listed securities closed the month under review at N2.931 trillion, an increase of 1.07 per cent from N2.9 trillion recorded at the end of December, 2005. The increase in the market capitalisation was largely attributed to the listing of new securities.
Nigerian Breweries Plc remains the most capitalised stock for the month under review with market capitalisation of N287.4 billion. First Bank of Nigeria Plc followed with market capitalisation of N173.1 billion, while Union Bank Nigeria Plc occupied the third position.
Others in the top category include: Zenith Bank Plc N120.3 billion, Guinness Nigeria Plc N120 billion, Nestle Nigeria Plc N100.4 billion, Intercontinental Bank Plc N90.6 billion, UBA Plc 83.00 billion, Guaranty Trust Bank Plc N78.489 billion, and Nigeria Bottling Company Plc N78.489 billion.
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