The Nigerian Stock Exchange This Week

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The Nigerian Market was not spared from the global sell off cum Market correction that swept through the World in the last one week. From US to Asia, Europe, Americas and Africa.

The All Share index declined by (3.39%) to close the week at 43,127.92. This brought the year to date return of the ASI to 12.77%.

EQUITY

A total turnover of 4.426 billion shares worth N24.236 billion in 29,573 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 3.268 billion shares valued at N28.123 billion that exchanged hands last week in 35,761 deals.

ETPs

Also traded during the week were a total of 1.200 million units of Exchange Traded Products (ETPs) valued at N6.951 million executed in 10 deals, compared with a total of 32,189 units valued at N1.299 million that was transacted last week in 19 deals.

BONDS 

A total of 14,779 units of Federal Government Bonds valued at N14.050 million were traded this week in 18 deals, compared with a total of 16,268 units valued at N17.053 million transacted last week in 28 deals.


Below is the summary of the Market performance: Week on Week and Year to Date

Twenty-three (23) equities appreciated in price during the week, lower than forty-nine (49) of the previous week. Sixty-four (64) equities depreciated in price, higher than forty-two (42) equities of the previous week, while eighty-five (85) equities remained unchanged higher than eighty-one (81) equities recorded in the preceding week.

Gainers:
StockYear to
Date
Return
UNITYBNK245.28%
WEMABANK148.08%
CAVERTON132.56%
STERLNBANK118.52%
SKYEBANK114.00%
DIAMONDBNK96.00%
CCNN91.05%
FCMB88.51%
JAIZBANK66.67%
NPFMCRFBK56.00%


StockWeek on
Week
Return
LINKASSURE25.00%
CAVERTON20.97%
PRESTIGE16.67%
UNITYBNK10.24%
TRANSEXPR9.88%
REDSTAREX9.09%
CONTINSURE7.28%
GLAXOSMITH6.32%
JAIZBANK6.06%
ETERNA5.63%


Losers:

StockYear to
Date
Return
HMARKINS-30.00%
LASACO-28.00%
UNIC-28.00%
ABCTRANS-22.00%
MULTIVERSE-20.00%
AGLEVENT-18.57%
AIRSERCIVE-17.65%
JAPAULOIL-16.00%
ROYALEX-16.00%
CORNERST-14.00%


StockWeek on
Week
Return
HMARKINS-27.08%
SKYEBANK-25.17%
UNIC-21.74%
MULTIVERSE-20.00%
WAPIC-14.67%
WEMABANK-14.00%
FBNH-13.36%
FIDELITYBK-11.89%
BERGER -9.55%
DIAMONDBNK-9.54%

After the massive global sell off of the last one week, we expect the Market to rally a little bit with accumulation reigning supreme as the earning period continue to draw near.

Happy Trading!!!

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Nigerian Stock Exchange This Week

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