Nigerian Stock Exchange This Week

The All Share index lost 2.88% to close the week at 35,446.47. This brought the year to date return of the ASI to (7.31%) establishing itself on the negative side of the number line.


EQUITY

A total turnover of 925.630 million shares worth N8.333 billion in 15,565 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.391 billion shares valued at N20.316 billion that exchanged hands last week in 20,064 deals.

ETPs

Also traded during the week were a total of 1,727 units of Exchange Traded Products (ETPs) valued at N333,925.78 executed in 9 deals, compared with a total of 2,304 units valued at N376,541.65 that was transacted last week in 16 deals

BONDS

A total of 7,787 units of Federal Government Bond valued at N8.005 million were traded this week in 11 deals compared with a total of 16,463 units valued at N18.200 million transacted last week in 27 deals.

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

The NSE All-Share Index depreciated by 2.89% while Market Capitalization depreciated by 2.86% to close the week at 35,446.47 and N12.941 trillion respectively. Similarly, all other indices finished lower with the exception of the ASeM Index that closed flat.

Twenty (20) equities appreciated in price during the week, lower than thirty-four (34) in the previous week. Forty-seven (47) equities depreciated in price, lower than forty-eight (48) equities of the previous week, while one hundred and three (103) equities remained unchanged higher than eightyseven (87) equities recorded in the preceding week.




GAINERS

Stock	Year to Date Return		Stock	Week on Week Return
CCNN	225.26%		NEIMETH	33.33%
CUTIX	99.00%		NIGERINS	30.00%
CILEASING	94.57%		AIRSERVICE	10.00%
NEM	77.71%		ETERNA	8.26%
FIDSON	66.22%		LIVESTOCK	7.81%
UNITYBNK	66.04%		HMARKINS	6.67%
ETERNA	61.33%		UAC-PROP	5.88%
IKEJA HOTEL	56.74%		INTBREW	4.92%
BETAGLAS	52.02%		UNITYBNK	4.76%
CAVERTON	47.29%		UACN	3.59%

LOSERS

Stock	Year to Date Return		Stock	Week on Week Return
AFRINSURE	-60.00%		SECURE ELECTRONIC	-19.44%
COURTVILLE	-60.00%		CORNERST	-13.79%
DUNLOP	-60.00%		IKEJA HOTEL	-10.86%
FTNCOCOA	-60.00%		MBENEFIT	-10.81%
MULTIVERSE	-60.00%		LINKASSURE	-10.00%
UNIC	-60.00%		GLAXOSMITH	-10.00%
TANTALIZER	-58.00%		CAP	-10.00%
EQUITYASUR	-56.00%		VITAFOAM	-10.00%
REGALINS	-52.00%		LAWUNION	-10.00%
SOVRENINS	-52.00%		UNITYKAP	-10.00%

There was no succor for the Market this week as it was on a roller coaster decline and lost for every day of the week. 

However, the greater the loss the greater the opportunity created for value investors. We would not stop to emphasize that you have to be greedy when others are fearful. There is no better time than now. Even if the Market decelerate after you must have taken a position in a solid company.

Two of the SUGAZ released their half year result and as expected they paid interim dividend of 30k each. We await the remaining three.

Restating our statement from last week that purging ourselves of the 7 deadly sins of investment, is inimical to our success in the Market in the midst of the so many uncertainties. we reiterate our belief in Fundamental Analysis, and we see a bright light at the end of the tunnel because in the midst of this hubbub lies uncommon profit for investors that can wait for a minimum of 9 months while taking their chances now.  This is a moment in time the retail Market is really in dear need of reawaken like it was in 2007 and 2008 before the crash. 

We would conclude with a word of a bright mind before us:

" We should be careful to get out of an experience only the wisdom in it, and stop there, lest we be like the cat that sits down on a hot stove-lid. She will not sit down on a hot stove-lid again- but also she will never sit on a cold one more"

Happy Trading.