Nigerian Stock Exchange This Week

The All Share index lost marginal as the last minutes rally on Friday save us another scandalously week of trading. The index was down 0.51% to close the week at 35,266.29. This brought the year to date return of the ASI to (7.78%) solidifying itself on the negative side of the number line. The bear ruled supreme with a market breath of 40 in favor of the losers. 


EQUITY
A total turnover of 1.147 billion shares worth N12.546 billion in 16,649 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 925.630 million shares valued at N8.333 billion that exchanged hands last week in 15,565 deals.


ETPs

Also traded during the week were a total of 1,793 units of Exchange Traded Products (ETPs) valued at N282,571.59 executed in 9 deals, compared with a total of 1,727 units valued at N333,925.78 that was transacted last week in 9 deals


BONDS

A total of 2,647 units of Federal Government Bond valued at N2.725 million were traded this week in 17 deals compared with a total of 7,787 units valued at N8.005 million transacted last week in 11 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 0.51% to close the week at 35,266.29 and N12.875 trillion respectively.

Similarly, all other indices finished lower with the exception of the NSE Premium, NSE Lotus II and NSE Industrial Goods indices that rose by 0.59%,0.23% and 1.29% respectively, while NSE ASeM Index closed flat

Sixteen (16) equities appreciated in price during the week, lower than twenty (20) in the previous week. Fifty-six (56) equities depreciated in price, higher than forty-seven (47) equities of the previous week, while ninety seven (97) equities remained unchanged lower than one hundred and three (103) equities recorded in the preceding week.

GAINERS

Stock	Year to Date Return		Stock	Week on Week Return
CCNN	225.26%		INTBREW	10.00%
CUTIX	107.96%		PORTPAINT	9.78%
CILEASING	93.80%		SOVRENINS	8.33%
NEM	71.69%		MANSARD	7.14%
FIDSON	66.22%		UNILEVER	5.36%
IKEJA HOTEL	56.74%		CUTIX	4.50%
ETERNA	55.17%		CUSTODIAN	3.90%
UNITYBNK	52.83%		DANGCEM	2.80%
BETAGLAS	52.02%		LINKASSURE	2.78%
CAVERTON	47.29%		NIGERINS	2.56%

LOSERS

Stock	Year to Date Return		Stock	Week on Week Return
AFRINSURE	-60.00%		NEIMETH	-25.00%
COURTVILLE	-60.00%		SECURE ELECTRONIC	-20.69%
DUNLOP	-60.00%		SKYEBANK	-18.64%
FTNCOCOA	-60.00%		BERGER	-18.13%
MULTIVERSE	-60.00%		CONTINSURE	-17.16%
UNIC	-60.00%		WAPIC	-12.50%
TANTALIZER	-58.00%		UNIONDAC	-12.12%
EQUITYASUR	-56.00%		LEARNAFRCA	-11.81%
CORNERST	-54.00%		OANDO	-11.71%
REGALINS	-54.00%		UBA	-11.64%

The Market continue to bleed, and lost for four out of five trading session 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.

The third of the SUGAZ released her half year result and as expected they declared an interim dividend of 100k. We await the remaining two.

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 7 months while taking their chances now because as we get closer to the year end the holding period also retreat.  There is still much to be done about the retail investors because the retail Market is really in dear need of reawaken like it was in 2007 and 2008 before the crash. 

Reason being we can not continue to be at the mercy of hot money from foreign portfolio investors.

It was the end of the road for Paint and Coating Manufacturers Nigeria Plc on The NSE as the entire issued share capital of the company was delisted from the Daily Official List of The Nigerian Stock Exchange in compliance with the company’s request for voluntary delisting and the subsequent approval of the Exchange effective 17th of August 2018. With this delisting it brought to 91 companies delisted from the daily official list of the NSE in the last 10 years, that is a mini exchange already. 

Happy Trading.