BUSINESS NEWS TABLOID TECH 

Expert hails Unilever, PZ, Nestle, NB, others

where to buy modafinil europe Based on stock performance last week on the floor of the Nigerian Stock Exchange, capital market analysts have advised shareholders to channel their investments to the shares of Unilever Plc, PZ Cussons Industries Plc, which fall under the conglomerates, and Nigeria Breweries, for better return on investment.
An economist and a fund manager, Mr. Oluwaseyi Ogunseye, said looking at the sectors that gained last week, and the gains garnered by the stocks in different sectors, it showed clearly that most of the stocks are competing favourably.
“The reason for this could also be attributed to the macroeconomic environment, stability in oil price and oil production which had increased government’s liquidity and revenue, thereby reducing financial pressure on the market,” he said.
Ogunseye advised local investors to take advantage of Unilever, which recorded the highest price to lead the gainers’ table and appreciated by N1.40 when it closed at N37.50 per share. It is followed by PZ Cussons with a gain of N1.07 to close the week at N22.49, and Nestle Plc, which garnered N1.03 as it closed at N1, 251.03 per share.
Others are Nigerian Breweries, which rose by 65 kobo to close at N138.80, and FBN Holdings, which grew by 28 kobo as it closed at N6.90 per share.
Meanwhile, a total turnover of 2.804 billion shares worth N54.776 billion in 17,792 deals were traded last week by  investors  on the  floor  of the Exchange  in  contrast to  a  total  of 1.316  billion shares valued  at N13.784 billion that exchanged hands the previous week in 19,169 deals.
The Financial Services Industry (measured by volume) led the activity chart with2.352 billion shares valued at N8.995 billion traded in 9,364 deals; thus contributing 83.88 per cent and 16.42 per cent  to  the  total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 178.982 million shares worth N16.849 billion in 4,297 deals. The third place was occupied by Industrial Goods Industry with a turnover of 140.570 million shares worth N27.848 billion in 794 deals.
Trading  in  the Top Three  Equities namely–Sovereign Trust Insurance Plc, FBN  Holdings  Plc and Dangote Cement Plc (measured by volume) accounted for 1.917 billion shares worth N29.875 billion in 2,130 deals,  contributing 68.37 per cent and 54.54  per cent  to  the  total equity  turnover  volume  and  value respectively.
The  NSE  All-Share  Index  and  Market  Capitalisation  depreciated  by 1.12per cent and  0.57 per cent to  close  the week at 36,703.58 and N12.774 trillion respectively. Similarly,  all  other indices  finished lower during  the  week with  the exception  of the NSE  Oil/Gas Index that appreciated by 0.85 per cent.
Twenty equities appreciated in price during the week, lower than thirty of the previous week. Forty-three equities depreciated in price, higher than 29 equities of the previous week, while 108 equities remained unchanged, lower than 112 equities recorded in the preceding week.

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