Nigerian Stock Exchange This Week
This past week marks the end of the month of April and the beginning of another one. It coincides with the deadline of the rendition of Quarterly returns by all listed entities. It was a rush, as more than 150 results were released within the last two weeks. The Market is reacting to this plethora of results and we expect more reactions as the Market continue to weigh possibilities.
EQUITY
It was a four-day trading sessions this week as the Federal Government of Nigeria declared Tuesday
May 1st 2018 a public holiday to mark the Workers Day celebration.
Meanwhile, a total turnover of 1.331billion shares worth N20.835 billion in 18,695 deals were traded
this week by investors on the floor of the Exchange in contrast to a total of 1.825 billion shares
valued at N24.653 billion that exchanged hands last week in 23,148 deals.
ETPs
Also traded during the week were a total of 709,058 units of Exchange Traded Products (ETPs)
valued at N3.845 million executed in 10 deals, compared with a total of 56,260 units valued at
N376,387.48 that was transacted last week in 6 deals
BONDS
A total of 80,152 units of Federal Government and State Bonds valued at N82.543 million were
traded this week in 14 deals, compared with a total of 725 units valued at N660,984.55 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 0.06% to close the week at
41,218.72 and N14.931 trillion respectively.
Similarly, all other indices finished lower with the exception of NSE Premium, NSE Banking, NSE
Industrial goods, and NSE Pension indices that appreciated by 0.12%, 1.56%, 1.06% and 0.21%
respectively, while the NSE ASeM closed flat.
Thirty-seven (37) equities appreciated in price during the week, higher than thirty-three (33) in the
previous week. Thirty-two (32) equities depreciated in price, lower than forty-one (41) equities in the
previous week, while one-hundred (100) equities remained unchanged, higher than ninety-five (95)
equities recorded in the preceding week.
Gainers
| Stock | Year to Date Return | Stock | Week on Week Return | |
| CCNN | 135.26% | CILEASING | 29.50% | |
| UNITYBNK | 126.42% | UNITYBNK | 20.00% | |
| CAVERTON | 86.05% | UNITYKAP | 17.86% | |
| FCMB | 72.97% | CCNN | 14.62% | |
| SKYEBANK | 70.00% | BETAGLAS | 10.20% | |
| WEMABANK | 69.23% | LIVESTOCK | 9.09% | |
| NEM | 68.67% | NPFMCRFBK | 8.57% | |
| BETAGLAS | 62.15% | MBENEFIT | 8.33% | |
| LEARNAFRCA | 53.41% | UBN | 7.20% | |
| STERLNBANK | 52.78% | VITAFOAM | 6.45% |
Losers
| Stock | Year to Date Return | Stock | Week on Week Return | |
| FTNCOCOA | -60.00% | DANGFLOUR | -18.57% | |
| MULTIVERSE | -60.00% | ETERNA | -13.03% | |
| UNIC | -60.00% | PRESTIGE | -11.76% | |
| SOVRENINS | -56.00% | DANGSUGAR | -11.21% | |
| COURTVILLE | -56.00% | REGALINS | -10.00% | |
| AFRINSURE | -54.00% | OANDO | -8.74% | |
| MBENEFIT | -48.00% | CHAMS | -8.70% | |
| REGALINS | -46.00% | JAPAULOIL | -8.00% | |
| NIGERINS | -44.00% | WAPIC | -7.02% | |
| EQUITYASUR | -40.00% | NIGERINS | -6.67% |
With the crude oil price showing positive signs in the global Market and the foreign reserve of Nigeria positively being impacted by this now $47.7 billion, we expect both local and foreign investors to take advantage of this amidst the political risk staring at us all. However, reactions will continue to trail the Quarterly returns just released in the last closed period.
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