Nigerian Stock Exchange This Week

It was a four-day trading session this week as the Federal Government of Nigeria declared Friday June 15th and Monday June 18th 2018 public holidays to mark the end of the Holy Month of Ramadan and commemorate the Eid-al-Fitr celebrations.

The Market could not maintain the momentum of last week, thereby slowed down however gained Marginally.  

The All Share index gained0.67% to close the week at 38,928.02. This brought the year to date return of the ASI to 1.79% still on the borderline.


EQUITY
A total turnover of 1.738 billion shares worth N18.462 billion in 14,790 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.749 billion shares valued at N31.183 billion that exchanged hands last week in 24,604 deals.



ETPs
Also traded during the week were a total of 62,392 units of Exchange Traded Products (ETPs) valued at N1.004 million executed in 13 deals, compared with a total of 202,916 units valued at N1.168 million that was transacted last week in 19 deals.


BONDS

A total of 9,850 units of Federal Government valued at N9.999 million were traded this week in 10 deals, compared with a total of 10,561 units valued at N10.381 million transacted last week in 20 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 0.67 to close the week at 38,928.02 and N14.102 trillion respectively. Similarly, all other indices finished higher with the exception of the NSE CG, NSE Consumer Goods and NSE Industrial Goods Indices that depreciated by 0.08%, 0.85% and 0.12% respectively, while the NSE ASeM Index closed flat.

Forty (40) equities appreciated in price during the week, lower than forty-Nine (49) in the previous week. Twenty-eight (28) equities depreciated in price, lower than twenty-nine (29) equities of the previous week, while one hundred and one (101) equities remained unchanged higher than ninetyone (91) equities recorded in the preceding week.


GAINERS

Stock	Year to Date Return		Stock	Week on Week Return
CCNN	189.47%		JAPAULOIL	22.58%
LEARNAFRCA	79.55%		EQUITYASUR	20.00%
CAVERTON	78.29%		UBN	10.71%
BETAGLAS	70.24%		OKOMUOIL	10.24%
UNITYBNK	66.04%		LEARNAFRCA	9.72%
FIDSON	62.16%		LASACO	8.57%
NEM	60.24%		NPFMCRFBK	8.48%
IKEJA HOTEL	60.11%		IKEJA HOTEL	8.37%
CUTIX	56.22%		HONYFLOUR	8.26%
FCMB	55.41%		CILEASING	7.45%

LOSERS

Stock	Year to Date Return		Stock	Week on Week Return
AFRINSURE	-60.00%		MBENEFIT	-13.89%
COURTVILLE	-60.00%		AGLEVENT	-7.55%
FTNCOCOA	-60.00%		NB	-5.98%
MULTIVERSE	-60.00%		BERGER	-5.00%
UNIC	-60.00%		BOCGAS	-4.97%
EQUITYASUR	-52.00%		NEIMETH	-4.76%
NIGERINS	-50.00%		UNIONDAC	-4.76%
REGALINS	-48.00%		LAWUNION	-4.65%
SOVRENINS	-44.00%		PRESTIGE	-4.48%
HMARKINS	-42.00%		AIRSERVICE	-4.26%

The Market picked momentum on Monday after the slow down from profit taking on Friday 8th June 2018. However this time around, the upward-ward trend only lasted for 48hrs has the Market lost on Wednesday and Thursday to end the four days trading week on a losing note but however gained marginally overall. 

We hope the Market gets back to winning way after the break, even has we begin the race to close the 1st half of the year hopefully in the positive region.