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 seems to be giving up all the gains of January.
The All Share index declined by -2.85% to close the week at 41,935.93. This brought the year to date return of the ASI to 9.66%.
EQUITY
A total turnover of 2.444 billion shares worth N36.665 billion in 26,712 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 3.079 billion shares valued at N39.990 billion that exchanged hands last week in 23,086 deals.
ETPs
Also traded during the week were a total of 1.889 million units of Exchange Traded Products (ETPs) valued at N10.512 million executed in 4 deals, compared with a total of 50,547 units valued at N4.593 million that was transacted last week in 12 deals.
BONDS
A total of 40,566 units of Federal Government Bonds valued at N44.313 million were traded this week in 29 deals, compared with a total of 6,574 units valued at N6.332 million transacted last week in 31 deals
Below is the summary of the Market performance: Week on Week and Year to Date
Twenty-five (25) equities appreciated in price during the week, lower than forty-five (45) of the previous week. Sixty (60) equities depreciated in price, higher than forty (40) equities of the previous week, while eighty-six (86) equities remained unchanged lower than eighty-seven (87) equities recorded in the preceding week.
Gainers
| Stock | Year to Date Return |
| UNITYBNK | 154.72% |
| CAVERTON | 93.02% |
| CCNN | 92.11% |
| SKYEBANK | 66.00% |
| NEM | 62.65% |
| NPFMCRFBK | 61.60% |
| FCMB | 61.49% |
| STERLNBANK | 58.33% |
| WEMABANK | 57.69% |
| JAIZBANK | 57.14% |
| Stock | Week on Week Return |
| ABCTRANS | 14.29% |
| JOHNHOLT | 12.50% |
| NEM | 11.57% |
| CUTIX | 9.80% |
| NPFMCRFBK | 9.19% |
| FIDSON | 7.14% |
| LEARNAFRCA | 5.77% |
| FIRSTALUM | 3.92% |
| MANSARD | 3.80% |
| UAC-PROP | 3.33% |
Losers
| Stock | Year to Date Return |
| UNIC | -58.00% |
| MULTIVERSE | -50.00% |
| AFRINSURE | -46.00% |
| FTNCOCOA | -44.00% |
| REGALINS | -44.00% |
| SOVRENINS | -44.00% |
| UNITYKAP | -44.00% |
| COURTVILLE | -40.00% |
| DUNLOP | -28.00% |
| EQUITYASUR | -28.00% |
| Stock | Week on Week Return |
| JAPAULOIL | -30.93% |
| FIDELITYBK | -22.48% |
| UNITYBNK | -21.51% |
| AFRIPRUD | -20.20% |
| REGALINS | -20.00% |
| LASACO | -18.18% |
| WEMABANK | -18.00% |
| GUINEAINS | -16.00% |
| THOMASWY | -16.00% |
| UCAP | -15.83% |
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 evidence by the list of top ten gainers and losers this week. However we do not rule out stocks that may spring up surprises due to news and event that may unfold in the course of the week against which we keep our fingers crossed.
We also noticed renew interest in FGN Bonds which shows that the Market is drifting towards safety nest kind of instrument. We would monitor events in the coming weeks to confirm this.
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