Nigerian Stock Exchange This Week

The Nigerian Stock Exchange resume to full 5 days trading after the Easter holidays.

The Market lost three days out of the five days trading session second week in April. The Market continue to react to the results released at the close of business last week. It was a cautious week of trading still and April continue to look murky. The Q1 2018 has started coming in with Forte Oil blazing the trail, we await Market responses to more of these in the coming days.

The All Share index gained 0.21%to close the week at 40,928.70. This brought the year to date return of the ASI to 7.02%.

EQUITY

A total turnover of 1.415 billion shares worth N19.644 billion in 20,659 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.765 billion shares valued at N26.562 billion that exchanged hands last week in 20,265 deals.

ETPs

Also traded during the week were a total of 616,587 units of Exchange Traded Products (ETPs) valued at N9.185 million executed in 21 deals, compared with a total of 125,282 units valued at N2.835 million that was transacted last week in 11 deals.

BONDS

A total of 2,500 units of Federal Government Bonds valued at N2.367 million were traded this week in 10 deals, compared with a total of 4,457 units valued at N4.247 million transacted last week in 13 deals.


Below is the summary of the Market performance: Week on Week and Year to Date
The NSE All-Share Index and Market Capitalization appreciated by 0.21% to close the week at 40,928.70 and N14.784 trillion respectively. Similarly, all other indices finished higher with the exception NSE CG, NSE-Main Board, NSE 30, NSE Banking, NSE Insurance, NSE Consumer Goods and NSE Pension indices that depreciated by 1.04%, 0.23%, 0.44%, 2.22%, 0.76%, 0.69% and 0.33% respectively while the NSE ASeM Index closed flat.

Thirty-seven (37) equities appreciated in price during the week, higher than nineteen (19) of the previous week. Thirty-eight (38) equities depreciated in price, lower than fifty-three (53) equities of the previous week, while ninety-four (94) equities remained unchanged lower than ninety-nine (99) equities recorded in the preceding week.






Gainers

Stock	Year to Date Return		Stock	Week on Week Return
CCNN	112.63%		LEARNAFRCA	18.56%
UNITYBNK	109.43%		MOBIL	17.65%
CAVERTON	105.43%		OANDO	15.19%
WEMABANK	76.92%		CCNN	13.48%
STERLNBANK	62.96%		JAPAULOIL	13.33%
NPFMCRFBK	61.60%		SKYEBANK	12.68%
FCMB	60.14%		STERLNBANK	11.39%
SKYEBANK	60.00%		UNITYBNK	9.90%
FIDSON	56.76%		UNITYKAP	8.70%
ETERNA	51.48%		WEMABANK	8.24%

Losers

Stock	Year to Date Return		Stock	Week on Week Return
FTNCOCOA	-60.00%		CILEASING	-18.02%
MULTIVERSE	-60.00%		HMARKINS	-14.71%
UNIC	-60.00%		UNILEVER	-13.04%
SOVRENINS	-58.00%		NEM	-11.11%
COURTVILLE	-58.00%		UBA	-10.50%
AFRINSURE	-54.00%		MAYBAKER	-10.00%
UNITYKAP	-50.00%		COURTVILLE	-8.70%
REGALINS	-44.00%		UAC-PROP	-8.20%
HMARKINS	-42.00%		TRANSCORP	-7.87%
ROYALEX	-40.00%		FIDELITYBK	-6.54%

The Market will continue to weight its options in the coming days. Political risk remains one of the highest risk for both local and foreign investors this year. However, with the president declaring his intention to run for office again, we belief we are getting some clarity. Investor will continue to watch closely events in the political space even has they await the possible candidates from the opposing ends.

While we keep our fingers crossed, next week present another exciting week of trading as Access Bank, Lafarge Africa, UBA  and Seplat Petroleum would migrate to the prestigious premium board, to join Zenith Bank, FBNH, and Dangote Cement.

Happy Trading!!!