SEPT 29, 2018: THIS MONTH AT NIGERIAN STOCK EXCHANGE

In the month of September 2018, the All share index of the Nigerian Stock Exchange which more rightly reflects overall fortunes at the market, declined by 5.97% or 2081.84 points to. 32,766.37 on Friday, September 28, the last trading day.

It could have been worse but for the curious price movements on Friday which drove the ASI up 0.01% while there was a nationwide strike was on and the Stock exchange itself had to close its doors to the public.

The month had begun with the ASI closing at 34,848.45 on Friday, August 31 after a continous decline from 35,516.21 on August 28.

On Thursday, day 1 of the nationwide strike it had closed down 0.61% to 32,763.35 but come day 2, only Nestlé Nigeria tumbled by N32.5 or 2.27% per share to up its leading decline for the month to N100 per share.

Guinness Nigeria though also dropped by N6.15 or 7.14% per share to bring its all month decline to N15 per share, N8 of that in week 4 alone.

In the end, the upwards shift in ASI on Friday occurred as equal number of gainers and losers (22) were recorded while nationwide strike was on day 2 and for a market clearly less optimistic, than hitherto.

The day 2 trading saw Seplat Petroleum rallying by N8 or 1.29% per share to reduce its all month decline to N20 per share; Okomu Oil & Palm closing N6.9 or 9.84% up, Stanbic IBTC, with banking halls closed to the public across the land, gaining N2.7 or 6.24% per share and manufacturers like Cement Company of Northern Nigeria and CAP plc rising by N2.3 or 10% and N1.25 or 4.6% per share respectively.

Thus 65 price drops were recorded in September led by the top 5: Nestle Nigeria (down N100 per share); 
Dangote Cement (minus N23); Seplat Petroleum (N20 down) Guinness Nigeria down by N15 per share and Total Nigeria down N6.70 all of it on Friday, day 2 of the nationwide strike.

There were only 30 all month price gains and none was up to N1 per share. The top 5 were GlaxoSmithKline up N0.90 per share; Guaranty Trust Bank up N0.55 despite shedding N0.15 per share on Friday, C& I leasing with N0.52 per share increase and the duo of Zenith Bank and International Breweries up N0.50 per share each.

GTB was clearly the most active in terms of trade within the month recording 2nd highest 4099 deals for leading 619.637m shares valued at equally leading N21.018bn.

Zenith Bank surpassed GTB only in number of deals as it recorded leading 5732 deals for 2nd rated 396.942m shares worth N8.219bn (2nd placed too).

It was UBA that paced traded volume on last trading day with 44.485m of its shares traded in 99 deals worth N371.58m to bring its all month figures to 4th ranked 3778 deals for 3rd rated 393.642m shares worth N3.139bn ranked 7th in terms of traded value.

In spite of their leading all month decline, Dangote Cement (especially),Nestle Nigeria and Guaranty Trust Bank continued to dominate market capitalisation and thus, the All share index in a bid way.

Dangote Cement's market capitalisation at N3,493.5 bn was still more than 3times its trail follower: Nestle Nigeria.

SEPTEMBER 2018;

 TOP 5 GAINERS N

GlaxoSmithKline.       0.90
Guaranty Trust band 0.55
C& I Leasing.              0.52
Zenith Bank                0.50
Inter. Breweries.        0.50

TOP 5 LOSERS N

Nestle Nigeria.                100.00
Dangote Cement.              23.00
Seplat Petroleum.             20.00
Guinness Nigeria.             15.00
Total Nigeria.                       6.70

TOP 5 VOLUME  m

Guaranty Trust Bank.        619.637
Zenith bank.                        396.942
United Bank for Africa.      393.642
Access bank.                      380.744
Fidelity Bank.                      203.83

TOP 5 VALUE Nbn

Guaranty Trust Bank.           21.018
Zenith Bank.                             8.219
Dangote Cement.                    5.684
Nestle Nigeria.                         4.844
Nigerian Breweries.                4.015

TOP 5 DEALS

Zenith Bank.                          5732
Guaranty Trust Bank.           4099
FBN Holdings.                       3917
United Bank for Africa.        3778
Sterling Bank.                       2808

TOP 5 MARKET CAPITALISATION: Nbn

Dangote Cement.             3,493.3
Nestle Nigeria.                  1109.7
Guaranty Trust Bank.       1075.7
Nigerian Breweries.            731.7
Zenith Bank.                        675.0

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