OCT 13, 2018: CALM WEEK AT NIGERIAN STOCK EXCHANGE

After going down all through the previous week raising some alarm, the All share index at the Nigerian stock exchange calm nerves last week ended October 12, 2018 going 0.23% to 32,456.98.

The week had taken off with some good news as the ASI closed at 32,444.96 on Monday from previous Friday's 32,383.15 but this was short lived 

The next 2 trading days turned around in the opposite direction although  at less dramatic pace. By Wednesday, the ASI, at 32,382.58 had dropped slightly below previous Friday's closing figure.

However, it rallied on Thursday to 32,417.82 then added 0.12%  on Friday to guarantee weekend of relief.

In all there were 28 price gains and 38 drops at the end of the week with top gain bein Okomu Oil & Palm's N6.60 per share followed by CAP Plc, up N4.55 per share and Stanbic IBTC with N2.60 per share increase. And they turned out to be the only ones with above N1 per share gain.

The price losers were paced by Presco Plc down N3.55 per share followed by Forte Oil with N1.85 per share decrease; Nigerian Breweries, down N1.70 per share which could have been worse but for the N30 or 3.53% per share rally on Friday.and Unilever with N1.50 per share drop.

In view of the independence holiday October 1, the previous week was a 4-day one but at 915.753m shares traded volume for last grew by 43.2% to show that it was not just a matter of number days advantage.

The growth in number of deals was strong too, up 33.9% to 14,033 but traded value grew at a slower 25.4% to N9.832bn from N7.840bn.

The most active day in volume terms was Tuesday (349.526m shares) but Thursday in terms of value (N2.859bn)
and Friday's 2922, in terms of deals sealed.

Top volume was recorded by Royal Exchange Plc with 233.535m shares, the bulk of which was traded on Tuesday, October 9 while Guaranty Trust Bank with N3.884bn had top traded value and Zenith Bank closed with top 1081 deals sealed.

ALL SHARE INDEX

Friday 12/10/2018.           32,456.98
Thursday.                            32,417.82
Wednesday.                        32,382.58
Tuesday.                              32,417.70
Monday.                               32,444.96
Friday. 5/10/2018.              32,383.15

TRADED VOLUME m

Friday 12/10/2018.             162.410
Thursday.                              148.427
Wednesday.                          134.568
Tuesday.                                349.526
Monday.                                 120.822

TRADED VALUE Nbn

Friday 12/10/2018.      2.238
Thursday.                       2.859
Wednesday.                   1.935
Tuesday.                         1.463
Monday.                          1.337

DEALS

Friday 12/10/2018.       2922
Thursday.                        2857
Wednesday.                    2760
Tuesday.                         2832
Monday.                          2662

TOP 5 GAINS N per share

Okomu Oil Palm.          6.60
CAP plc.                         4.55
Stanbic IBTC.                2.60
Flour Mills                     0.85
Zenith Bank.                 0.65

TOP 5 PRICE LOSERS N per share

Presco                            3.55
Forte Oil                         1.85
Nigerian Breweries.     1.70
Unilever Nigeria.          1.50
Cutix plc.                      0.83



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