VDF lists additional shares on NGX, market capitalisation declines to N58.5trn

VDF Group Plc has listed an additional 63.342 million ordinary shares of 50k each per share on the daily official list of the Nigerian Exchange Ltd.(NGX).

The NGX disclosed this in its weekly report made available in Lagos.

The report stated that the additional shares listed on NGX arose from VFD’s rights issue of 63.342 million ordinary shares of 50k each at N197.33 per share.

It said that with the listing of the additional ordinary shares, the total issued, and fully paid-up shares of group had now increased from 190.027 million to 253.369 million ordinary shares of 50k each.

Also, listed on the NGX within the week was the memorandum listing of 1.388 billion units of Emerging Africa Money Market Fund of one Naira each for 635.441 million units of Emerging Africa Bond Fund of one Naira

Similarly, 204.725 million units of Emerging Africa Balanced Diversity Fund of N1 and 20,600 units of Emerging Africa Eurobond Fund of 100 U.S. dollars on the Memorandum Quotation was also listed.

Meanwhile, the NGX All-Share Index and market capitalisation depreciated by 1.08 per cent and 1.05 per cent to close the week at 103,437.67 points and N58.498 trillion each as against
104,562.06 points and N59.121 trillion, respectively, recorded last week.

The market traded in four trading sessions in the week under review, following the public holidays declared by the federal government to commemorate the Easter celebration.

In the same vain, all other indices finished lower with the exception of NGX Consumer Goods and NGX Growth which appreciated by 0.94 per cent and 0.32 per cent respectively, while the NGX ASEM and NGX Oil and Gas indices closed flat.

Meanwhile, a total turnover of 3.680 billion shares worth N57.892 billion in 40,726 deals were traded this week by investors on the floor of the Exchange.

This was in contrast to 1.804 billion shares valued at N52.040 that exchanged hands last week in 38,550 deals.

The financial services industry, measured by volume, led the activity chart with 2.881 billion shares valued at N46.201 billion traded in 21,257 deals.

This indicated a contribution of 78.29 per cent and 79.81 per cent to the total equity turnover volume and value, respectively.

The services industry followed with 479.156 million shares worth N2.282 billion in 2,142 deals.

The third place was the conglomerates industry, with a turnover of 123.591 million shares worth N1.651 billion in 2,849 deals.

Trading in the top three equities, namely Abbey Mortgage Bank Plc, Tourist Company of Nigeria Plc and Zenith Bank Plc, measured by volume accounted for 2.175 billion shares worth N20.667 billion in 2,594 deals.

This contributed 59.10 per cent and 35.70 per cent to the total equity turnover volume and value, respectively.

On Exchange Traded-products, a total of 28,431 shared valued at N8.264 million were traded this week in 124 deals, compared to a total of 20,189 units valued at N11.363 million transacted last week in 210 deals.

On bonds, a total of 1.072 million shares valued at N1.063 billion were traded in 32 deals, as against 61,447 shares valued at N60.237 million transacted last week in 27 deals.

Meanwhile, 31 equities appreciated in price during the week, lower than 40 equities in the previous week.

42 equities also depreciated in price, higher than 31 in the previous week, while 81 equities remained unchanged, lower than 83 recorded in the previous week.