SEPT 15, 2018: LAST WEEK AT NIGERIAN STOCK EXCHANGE

Last week ended September 14, 2018 was rather tough for the Nigerian stock exchange even though traded value and number of deals struck rose by 39.6% and 8.26% respectively.

This was because two other more reflective indicators The All share index and traded volume trended down.

The ASI closed Friday, September 14 at 32,327.59 with an unexpected rally from Thursday year low of 32,022.23 but that only reduced the all week drop recorded every day including Thursday.

In the end, the Friday figure represented 1710.32 points or 5.02% decline on previous week's 34,032.91.

Many price changes were recorded within the week but most active equities in terms of price discovery were top priced Nestle Nigeria, Guaranty Trust Bank and Nigerian Breweries, all recording changes daily.

 Nestle tumbled N145 per share on Monday, regained N130 the next day then resumed downwards N6 per share the next day, N81 more on Thursday before going down N28 per share on Friday, bringing total shed within the week to N130 per share 

GTB went overall with N0.25 per share after going down Monday and Tuesday then rallying the rest 3 days.

On the other hand, NB netted down N0.4 per share for the week after closing N8.4 up on Friday to almost cancel the daily cumulative drop in the Monday to Wednesday.

Traded volume closed at 738.929m shares down 17.2% on previous week's 893.722m with Friday's 252.189m shares leading daily levels.

Top 5 by volume were 141.72m traded in GTB followed by Zenith  bank (112.15m); Access  bank with 75.374m, UBA (60.327m) and FBN Holdings with 53.728m.

Traded value jumped by 39.6% to N18.328bn from N13.13bn principally as GTB recorded deals daily through the week totalling N4.998bn followed by Dangote Cement which paced Wednesday with N3.928bn involving 18.7m shares and Zenith with N2.259bn realised cumulatively from daily trade.

Investors interest as measured by deals struck rose by 8.26% to 16,896 compared to 15,607 previously.

The pace setter here was Zenith with 1757 total deals recorded followed by GTB with 1381, FBN Holdings (1127) and UBA with 967.

In all Wednesday was the most active day in terms of deals and traded value but top volume was on Friday.

This was as 68.707m shares in GTB and 51.812m in Zenith were offloaded in 294 and leading 365 deals respectively.

ALL SHARE INDEX

Friday 14/9/2018.        32,327.59
Thursday.                       32,022.23
Wednesday.                   32,292.79
Tuesday.                         33,449.17
Monday.                          33,611.69
Friday 7/9/2018.           34,037.91

TRADED VOLUME m
Friday 14/9/2018.          252.189
Thursday.                         173.547
Wednesday.                     246.906
Tuesday.                           150.671
Monday.                            137.625

TRADED VALUE m

Friday 14/9/2018.       4732.819
Thursday.                      3712.084
Wednesday.                  6930.771
Tuesday.                        1596.859
Monday.                         1356.282

DEALS

Friday 14/9/2018.      3120
Thursday.                     3082
Wednesday.                 3912
Tuesday.                       3678
Monday.                        3104


Comments

Post a Comment

Popular posts from this blog

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

UNITY BANK: WHEN SMALL IS BEAUTIFUL.

If there any time in Nigerian finance, it pays to be relatively small, the time is now and Unity Bank PLC is one of the banks that prove this in turbulent 2016. For Unity Bank the knocks of different policy somersault  since 2015 has been taking its pound of flesh but being rather small comparatively, one good news was enough to keep hope alive. So,  in the first half to June, gross earnings decreased significantly and many costs grudgingly followed from a distance but Unity Bank PLC still ended with profit, not loss. Gross earnings for the period had dropped by 35.1% to N21775.8m as interest income dived by 42.3% to N13477.4m; and fee and commission slumped by 82.7% to N804.2m. Stoking the fire some more was 32.7% drop in interest expense, well behind interest income decrease; 95.5% dive in paper income due to forex revaluation and less than proportionate decreases of 2.18% to N6942.2m and 24.4% to N5169.6m in personnel and other operating costs respectively. This recipe for...
Read more

ILLEGAL CAPITAL MARKET OPERATOR CONVICTED

Faraway from Lagos, Nigeria's commercial capital, the Federal High court Kaduna division, says Securities And Exchange Commission, in a landmark judgement on October 26 2016 convicted an illegal capital market operator to five years imprisonment. According to the SEC in a post on its website late last week, convicted was one Moses Samanja the managing director of an illegal and unregistered capital market operator, Marian Moses Ventures Ltd. He and the company were found guilty of soliciting and collecting deposits from the public with promises of "unrealistic return" on investment without SEC registration or license issued by the Central Bank of Nigeria. The court also directed the Corporate Affairs Commission to wind up the company and any funds in its accounts be used to restitute its clients. "Consequent upon the above" declared SEC, "this is to advise the investing public to always demand for SEC registration or CBN license before making deposit or sub...
Read more