Nigerian Stock Exchange This Week
This past week had been one of the longest in recent time. The Market could not stop hemorrhaging. It lost for each of the trading days of the week and completed a seven days losing streak on Friday looking at it from the upper week.
This horrific performance without any iota of doubt have presented a buying signal for some of the companies that had an impressive Q1 result.
EQUITY
A total turnover of 1.372 billion shares worth N16.022 billion in 21,099 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.457 billion shares valued at N23.666 billion that exchanged hands last week in 19,674 deals.
ETPs
Also traded during the week were a total of 70 units of Exchange Traded Products (ETPs) valued at N1,943.00 executed in 7 deals, compared with a total of 153,246 units valued at N4.009 million that was transacted last week in 22 deals.
BONDS
A total of 10,754 units of Federal Government valued at N11.412 million were traded this week in 5 deals, compared with a total of 7,508 units valued at N7.506 million transacted last week in 12 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 2.84% to close the week at 39,323.62 and N14.244 trillion respectively.
Fourteen (14) equities appreciated in price during the week, lower than twenty (20) in the previous week. Sixty-one (61) equities depreciated in price, higher than fifty-four (54) equities of the previous week, while ninety-four (94) equities remained unchanged lower than ninety-five (95) equities recorded in the preceding week.
Gainers
| Stock | Year to Date Return | Stock | Week on Week Return | |
| CCNN | 152.63% | IKEJA HOTEL | 44.94% | |
| CAVERTON | 82.17% | MRS | 21.18% | |
| UNITYBNK | 75.47% | LAWUNION | 20.99% | |
| BETAGLAS | 70.24% | NIGERINS | 19.05% | |
| FIDSON | 60.81% | HMARKINS | 11.11% | |
| NPFMCRFBK | 54.40% | OKOMUOIL | 8.42% | |
| NEM | 54.22% | JOHNHOLT | 7.69% | |
| LEARNAFRCA | 50.00% | ROYALEX | 6.25% | |
| CUTIX | 49.25% | MBENEFIT | 6.06% | |
| FCMB | 48.65% | FO | 5.03% |
Losers
| Stock | Year to Date Return | Stock | Week on Week Return | |
| AFRINSURE | -60.00% | ETERNA | -22.27% | |
| COURTVILLE | -60.00% | JAPAULOIL | -20.00% | |
| FTNCOCOA | -60.00% | DANGFLOUR | -16.82% | |
| MULTIVERSE | -60.00% | TRANSCORP | -16.35% | |
| UNIC | -60.00% | AIICO | -16.18% | |
| EQUITYASUR | -58.00% | EQUITYASUR | -16.00% | |
| JAPAULOIL | -52.00% | FLOURMILL | -15.59% | |
| NIGERINS | -50.00% | FCMB | -15.38% | |
| SOVRENINS | -48.00% | DANGSUGAR | -12.23% | |
| REGALINS | -48.00% | FBNH | -12.22% |
The MPR meeting ended in a deadlock as all the indices where held constant, reason being the expectation of a spike in the inflation rate amidst the recent Budget passed by the National Assembly and the anticipated spending by politicians as the 2019 elections draws closer.
The Market did not come out well with the development and part of the reason it suffered that much. A repeat of these performance would send a selling spree signal that would further depressed the Market. We hope the lost of this week would be reverse in the new week due to impressive P/E ratio of some of these companies that had been positively impacted.
However, with the Pension Industry gearing up for the full implementation of the multi fund portfolio management structure presents a silver lining , which we hope will usher in another round of bullish sentiment, but until then we keep our fingers crossed.
Comments
Post a Comment