Nigerian Stock Exchange This Week

The Market lost three days out of the five days trading session third week in April. This was inevitable as a total of five companies were mark down for benefits earlier declared. The leader among them being Dangote Cement. However, the Market had started reacting to Q1 2018 results released so far to the public. We expect this to play a major role in the volatility of the Market as we expect  more to come in as we approach the deadline day. Gtbank, Zenith Bank, UCAP, Afriprude Transcorp Hotel and Guinea Insurance all made their Q1 result public during the week under review.

The All Share index lost (0.28%) to close the week at 40,814.89. This brought the year to date return of the ASI to 6.72%.

EQUITY

A total turnover of 3.008 billion shares worth N30.296 billion in 24,036 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.415 billion shares valued at N19.644 billion that exchanged hands last week in 20,659 deals.

ETPs

Also traded during the week were a total of 177,144 units of Exchange Traded Products (ETPs) valued at N2.809 million executed in 6 deals, compared with a total of 616,587 units valued at N9.185 million that was transacted last week in 21 deals.


BONDS

A total of 13,735 units of Federal Government Bonds valued at N14.128 million were traded this week in 16 deals, compared with a total of 2,500 units valued at N2.367 million transacted last week in 10 deals


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

The NSE All-Share Index and Market Capitalization depreciated by 0.28% to close the week at 40,814.89 and N14.743 trillion respectively. Similarly, all other indices finished lower with the exception of NSE CG, NSE Premium, NSE-Main Board, NSE 30, NSE Banking, NSE Oil/Gas, and NSE Pension indices, which appreciated by 1.08%, 1.38%, 0.54%, 0.13%, 2.34%, 0.73% and 1.42% respectively

Thirty-six (36) equities appreciated in price during the week, lower than thirty-seven (37) in the previous week. Thirty-three (33) equities depreciated in price, lower than thirty-eight (38) equities of the previous week, while one hundred (100) equities remained unchanged higher than ninety-four (94) equities recorded in the preceding week.


Gainers

Stock	Year to Date Return		Stock	Week on Week Return
UNITYBNK	139.62%		OANDO	39.13%
CCNN	105.26%		JAIZBANK	21.13%
CAVERTON	93.80%		SKYEBANK	18.75%
SKYEBANK	90.00%		JBERGER	14.89%
WEMABANK	80.77%		UNITYBNK	14.41%
FCMB	69.59%		NNFM	9.60%
FIDSON	63.24%		NEM	9.17%
NPFMCRFBK	61.60%		REGALINS	7.14%
ETERNA	60.59%		ETERNA	6.02%
OANDO	60.27%		ETI	5.98%

Losers

Stock	Year to Date Return		Stock	Week on Week Return
FTNCOCOA	-60.00%		AGLEVENT	-14.06%
MULTIVERSE	-60.00%		MOBIL	-14.00%
UNIC	-60.00%		MBENEFIT	-12.12%
COURTVILLE	-56.00%		NIGERINS	-8.82%
SOVRENINS	-56.00%		PRESCO	-8.33%
AFRINSURE	-54.00%		UAC-PROP	-7.86%
UNITYKAP	-50.00%		LIVESTOCK	-7.78%
HMARKINS	-42.00%		FIRSTALUM	-7.55%
MBENEFIT	-42.00%		CONTINSURE	-7.41%
REGALINS	-40.00%		NASCON	-5.81%

As we expect investors to continue to trade with caution has we gradually move out of the earning periods. With the crude oil price showing positive signs in the global Market and the foreign reserve of Nigeria positively being impacted by this, we expect both local and foreign investors to take advantage of this amidst the political risk staring at us all.