The Nigerian Stock Exchange This Week
Investors continue to trade with caution through out the week even as more result were released in the cause of the period. The Market continues to be giving up all the gains of January. Out of the five trading sessions, the Market lost four and only won one which was on Thursday.
The All Share index declined by -1.11% to close the week at 41,472.10. This brought the year to date return of the ASI to 8.44%.
EQUITY
A total turnover of 2.328 billion shares worth N28.927 billion in 25,530 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 2.444 billion shares valued at N36.665 billion that exchanged hands last week in 26,712 deals.
ETPs
Also traded during the week were a total of 4,165 units of Exchange Traded Products (ETPs) valued at N78,276.06 executed in 15 deals, compared with a total of 1.889 million units valued at N10.512 million that was transacted last week in 4 deals
BONDS
A total of 5,152 units of Federal Government Bonds valued at N4.562 million were traded this week in 24 deals, compared with a total of 40,566 units valued at N44.313 million transacted last week in 29 deals.
Below is the summary of the Market performance: Week on Week and Year to Date
Thirty-three (33) equities appreciated in price during the week, higher than twenty-five (25) of the previous week. Forty-nine (49) equities depreciated in price, lower than sixty (60) equities of the previous week, while eighty-nine (89) equities remained unchanged higher than eighty-six (86) equities recorded in the preceding week.
Gainers
| Stock | Year to Date Return |
| UNITYBNK | 143.40% |
| CCNN | 97.37% |
| CAVERTON | 93.02% |
| NPFMCRFBK | 69.60% |
| FCMB | 64.19% |
| NEM | 62.65% |
| STERLNBANK | 61.11% |
| SKYEBANK | 58.00% |
| ETERNA | 50.99% |
| FIDSON | 48.11% |
| Stock | Week on Week Return |
| GLAXOSMITH | 21.43% |
| FIDELITYBK | 17.75% |
| DIAMONDBNK | 11.98% |
| ZENITHBANK | 9.42% |
| TRANSCORP | 8.28% |
| ETERNA | 7.54% |
| UCAP | 6.58% |
| NASCON | 5.20% |
| NNFM | 5.04% |
| CILEASING | 4.97% |
Losers
| Stock | Year to Date Return |
| UNIC | -64.00% |
| MULTIVERSE | -58.00% |
| FTNCOCOA | -56.00% |
| UNITYKAP | -56.00% |
| AFRINSURE | -54.00% |
| SOVRENINS | -50.00% |
| COURTVILLE | -48.00% |
| REGALINS | -44.00% |
| HMARKINS | -36.00% |
| ROYALEX | -34.00% |
| Stock | Week on Week Return |
| FTNCOCOA | -21.43% |
| UNITYKAP | -21.43% |
| NIGERINS | -16.67% |
| MULTIVERSE | -16.00% |
| CADBURY | -14.91% |
| AFRINSURE | -14.81% |
| UNIC | -14.29% |
| MCNICHOLS | -14.04% |
| MBENEFIT | -13.64% |
| TANTALIZER | -13.64% |
We expect more results to be released in the cause of the week as the deadline for rendition draws nearer. We expect investors to realigned their portfolios as we expect the Market to enter a quite session. As we rightly mentioned last week, that we do not rule out surprises, that may change the course of trading pattern for some stocks. Such surprise was the benefit news released by GlaxosmithKline. The Company declared a special dividend of N7.10k and N.40k from reserve. The market reaction was swift as that was expected with a dividend yield of about 35.71%. At N25.50k the stock still has a long way to go. Do we expect more surprises? We keep our fingers crossed.
As reported last week, on FGN Bonds the patronage declined drastically form last week.
Comments
Post a Comment