Nigerian Stock Exchange This Week

It was a three days trading at the Nigerian Stock Exchange, with the Federal Government declaring Tuesday and Wednesday as public holidays for the Muslim faithfuls.

The All Share index gain marginal in what seems to be a Sallah gift to the Market after a dismal opening on Monday before the break. The index was up 0.45% to close the week at 35,426.17. This brought the year to date return of the ASI to (7.37%) on the negative side of the number line. The bear ruled supreme with a market breadth of 30 in favor of the losers.



EQUITY

A total turnover of 968.947 million shares worth N10.246 billion in 9,654 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.147 billion shares valued at N12.546 billion that exchanged hands last week in 16,649 deals.

ETPs

Also traded during the week were a total of 9,205 units of Exchange Traded Products (ETPs) valued at N201,119.15 executed in 4 deals, compared with a total of 1,793 units valued at N282,571.59 that was transacted last week in 9 deals.


BONDS

A total of 152,741 units of Federal Government Bond valued at N179.381 million were traded this week in 13 deals compared with a total of 2,647 units valued at N2.725 million transacted last week in 17 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 0.45% to close the week at 35,426.17 and N12.933 trillion respectively.

However, all other indices finished lower with the exception of the NSE Premium, NSE Insurance, NSE Lotus II and NSE Industrial Goods indices that rose by 3.15%, 0.78%,1.10% and 1.96% respectively, while NSE ASeM Index closed flat.

Fifteen (15) equities appreciated in price during the week, lower than sixteen (16) in the previous week. Forty-five (45) equities depreciated in price, lower than fifty-six (56) equities of the previous week, while one hundred and nine (109) equities remained unchanged higher than ninety seven (97) equities recorded in the preceding week.


GAINERS

Stock	Year to Date Return		Stock	Week on Week Return
CCNN	225.26%		AIRSERVICE	19.10%
CUTIX	100.00%		SKYEBANK	18.75%
CILEASING	93.80%		VERITASKAP	7.69%
NEM	80.72%		FCMB	7.65%
FIDSON	66.22%		DANGCEM	6.82%
IKEJA HOTEL	56.74%		DANGFLOUR	6.49%
BETAGLAS	52.02%		NEM	5.26%
ETERNA	47.78%		STERLNBANK	4.76%
UNITYBNK	39.62%		LASACO	3.23%
CAVERTON	37.21%		AIICO	2.94%

LOSERS

Stock	Year to Date Return		Stock	Week on Week Return
AFRINSURE	-60.00%		JAIZBANK	-11.11%
COURTVILLE	-60.00%		UNIONDAC	-10.34%
DUNLOP	-60.00%		UPL	-10.00%
FTNCOCOA	-60.00%		LIVESTOCK	-9.84%
MULTIVERSE	-60.00%		INTBREW	-9.09%
UNIC	-60.00%		REDSTAREX	-8.77%
TANTALIZER	-58.00%		SECURE ELECTRONIC	-8.70%
SUNUASUR	-56.00%		UNITYBNK	-8.64%
REGALINS	-56.00%		AFRIPRUD	-8.64%
CORNERST	-54.00%		UAC-PROP	-8.19%

The Market continue to bleed, even  though it gained it can be seen from the Market breadth that it was as a result of the highly capitalized companies.

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 two days lost through the public holiday really shade the voice of the Market, we hope to have a better rhythm when we resume to a full five days trading next week. 

Happy Trading.