AUGUST 14, 2017; BEARISH MONDAY AT NIGERIAN SE.

Today, Monday August 14, 2017, the Nigerian stock market started week 33 on a bearish note as the rise in the All shares index was once again punctuated to close at 37,950.96, down 0.65%.

The pressure downwards came from price drops by 27 equities compared to gains by 18.

The gainers were led % wise by Fidson Healthcare up 4.68% or N0.14 per share followed by A G Leventis with 4.35% or N0.03 gain per share and Linkage Assurance which also gained N0.03 per share or 4%.

In Naira terms, top gain was by Seplat Petroleum, up N9.9 per share or 2.11% followed by Ecobank Transnational which closed up by N2.39 per share.

On the other hand, the margin of drop was wider apart from the higher number of drops. Top drop in Naira terms was in Total Nigeria, down N12.45 per share or 2nd highest 5%.

It was followed by Dangote cement with N5 per share or 2.08% and Guinness down N1.50 per share

In % terms, highest drop was in C & I Leasing down 9.26% or N0.10 per share then Total and Medview Airlines with 5% drop each.

Even though number of deals came to 4113, up 0.83%, traded volume dropped by 10.6% to 316.1m shares and traded value declined by 33% to N4.224bn.

Two equities, Access Bank and GTB accounted for 66.6% of the day's traded value. Lead value was recorded by Access bank  as lead 169.66 m shares were offloaded in 5th placed 255 deals worth N1.772bn.

Access bank had opened with N10.45 per share, hit its day low of N10.3 then hit a high of N10.49; up N0.04 or 0.38% on its opening price.

GTB, on the other hand, eased by N0.01 per share and recorded 3rd ranked 310 deals for 2nd placed 26.17m shares worth N1.038bn.

Their trail in volume terms was followed by FBN Holdings, up N0.11 per share or 1.81% with day high 414 deals for 3rd ranked 17.79m worth 6th ranked N110.14m.

But it was Zenith bank that followed FBN's lead deals with 354 deals for 5th ranked 10.51m shares worth 3rd placed N248.29m just behind, value wise, of Nigeria Breweries' N248.42m in 6th placed 149 deals for 1.29m units.

Comments

Post a Comment

Popular posts from this blog

NAIROBI SE's HIGH PRICED EQUITIES.

In the wake of Nigeria's high priced quoted companies posted in this blog a while ago, Henates took a look to at Nairobi Securities Exchange June 23 official list to identify its high priced equities and the outcome was interesting too. Of the 66 companies quoted on the market by June 23, 15 or 22.7% were valued averagely at above 30 times nominal value. A word of caution though: There are two clear differences between the Nigerian stock market list and that of Nairobi: In the Nigerian one most listed companies have par or nominal value of N0.50 as is there is an implied agreement on this. On the other hand, at Nairobi most of the equities do not share common par value, they differ greatly. Then another thing, Nigerian equities are not valued below par, Nairobi ones can and many are so valued. Of the top 15 high priced equities at the Nairobi market, Safaricom topped with because by June 23, at 23.25 Ksh average price, it was valued 465 times its nominal value of just 0.0...
Read more

2018: TWO BLOWS TO UNITED CAPITAL PLC.

When a child who in a previous examination scored 80%, comes home with a new report in which he now scores 67.2%, the parents have a right to sit him down and ask how come. So it must be between Nigeria's United Capital Plc and its discerning shareholders since the release of the company's 2018 audited figures. In 2018, all said and done, says the annual report, United Capital ended with 67.2 % profit margin compared to 80.2% in 2017. How come? What comes across from the figures was that the company received 2 blows to the jugular in 2018: Sharp drops in Investment income and fair value gain. Investment income dropped by 10.8% to N4422.8m from N4965.2m while fair value on financial assets plunged by 79.7% to N6.173m from 2017's N30.387m. In view of both drops, the group's gross earnings grew by only 33.9% to N9259.4m despite strong growths in net trading income, and net operating income leap to N757.5m from N143.5m  Other income streams ended with single digit increase....
Read more

DEC 20, 2018: UP, DOWN? CHECK ! AT NIGERIAN STOCK EXCHANGE

With one day more to end of the trading week, the All Share Index at the Nigerian Stock Exchange on Thursday confirmed a new up today, down tomorrow trend. The ASI closed at 30,802.90, up 0.32% after Wednesday's 0.35% decrease. Earlier, on December 13, the same trend was punctuated when the ASI closed 0.24% down instead of up. Since the trend resumed and got confirmed on Thursday as it rose by 0.32% on the back of 17 gains and 22 price drops. Seplat Petroleum jumped by N37.8 or 6.81% per share to lead the gainers as found and closed at N593 per share compared to N555.2 previously. It however recorded only 6 deals for 0.146m shares worth N87.106m. Also very much part of the critical pressure on ASI upwards, was N5 of 2.15% per share gain by Dangote Cement while witnessing 98 deals for 2.042m shares valued at N380.390m The rest gains were below N1 per share in contrast to price drops where 3 were above this borderline. Nestle Nigeria set the pace with N10 or 0.68% drop again, as it s...
Read more