AUG 20, 2018: LAST WEEK AT NIGERIAN STOCK EXCHANGE.

At the Nigerian Stock Exchange last week ended Friday August 17, 2018, all indicators except the All share index closed upwards compared to previous week.

Traded volume rose by 23.8% to 1146.316m from 925.628m shares previously; traded value rose 50.5% to N12,545.588m from N8,333.97m and number if deals sealed increased by 8.36% to 16,649 from 15,365.

But alas, it was a very cautious price making week with most price changes headed down. All week price drops came to 56 compared to only 16 gains.

In the end, the All share index eased by 0.51% to 35,410.61 from 35,446.47 by close of previous week. Indeed, it would have dropped at a higher rate but for the breather on Friday that came from 1.87% recovery from Thursday year low to the final 35,266.29. 

The ASI had actually crossed into 34,000 range on Thursday (34,618.43) after daily downwards pressure sustained all through the previous week and punctuated only by Friday.

The breather on Friday was mainly as Dangote Cement gained N14 or 6.80% per share accompanied with 56 deals for 0.349m shares worth N75.274m.

This was conveniently on a day no equity lost up to N1 per share and Unilever Nigeria also gained N2 or 3.77% per share in the wake of 25 deals for 0233m shares worth N12.759m.

Top daily traded volume was recorded on Friday as 374.319m shares changed hands followed by 237.512m on Thursday, 209.540m on Wednesday and Tuesday with 164.512m as if trending a planned ascending order through the week.

Traded value trend was different though with top daily value being Thursday's 3,091.719m followed by  Wednesday's N2,903.799m, Friday's N2,722.745m then Monday's N2,214.816m.

In terms of investors interest as reflected by deals struck, Wednesday topped with 4044 followed by Tuesday with 3448, Thursday with 3,162 and Monday 3,120.

Within the week top price gainers were Dangote Cement up N6 per share; International Breweries (N4 per share) Unilever Nigeria up N3.20 per share, Okomu Oil (N2.50) and Stanbic IBTC with N1.45 per share.

On the other hand, top price losers were Nestlé Nigeria down N60 per share; Guinness Nigeria minus N4; Flour Mills with N2.60; Total Nigeria down N2 per share and Berger paints with N1.45 per share drop.

ALL SHARE INDEX

Friday 17/8/2018.          35,266.29
Thursday.                        34,618.43
Wednesday.                    35,069.34
Tuesday.                         35,288.23
Monday.                         35,410.61
Friday 10/8/2018.        35,446.47

TRADED VOLUME m

Friday 17/8/2018.          374.319
Thursday.                        237.512
Wednesday.                    209.540
Tuesday.                         164.512
Monday.                          160.433

TRADED VALUE. Nm

Friday 17/8/2018.        2722.745
Thursday.                      3091.719
Wednesday.                  2903.799
Tuesday.                       1612.575
Monday.                       2214.816

DEALS

Friday 17/8/2018.      2875
Thursday.                    3162
Wednesday.                4044
Tuesday.                     3448
Monday.                     3120


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