NOV 26, 2018: THE USUAL AT THE NIGERIAN STOCK EXCHANGE

It looked like back to usual at the Nigerian Stock Exchange on Monday November 26, 2018 when compared to Monday, the last week.

Last week Monday, the week's top number of deals was recorded alongside the lowest traded volume and value.

On Monday the number of deals rose to 2911 from Friday's 2819 while traded volume and value declined to 104.868m shares worth N1.941bn compared to 223.844m shares valued at N2.627bn.

Is this likely to be another lowest volume and value come week end with number of deals being the high?

One thing though, last week Monday heralded with growth in the All share index to 32,222.24 from 32,053.28 but this time around, the ASI slipped 0.46% to 31,533.50.

The price drops were 18 compared to 17 gains and seemed to be of lower Naira margins than drops.

Three equities rose by above N1 per share while only one went down by this reference point. The leading gain was N2.75 or 9.42% per share as CAP Plc found and closed at N31.95 from N29.2 while 15 deals for 0.214m shares worth N6.809m.

The 2 other top price gains were GlaxoSmithKline's N1.25 or 9.43% per share rise to witness 30 deals involving 0.219m units valued at N3.106m and PZ Cussons' N1.05 or 9.80% per share gain while 0.221m shares were exchanged in 33 deals worth N2.512m.

On the other hand, Nigerian Breweries shed N2.1 or 2.58% per share to lead price drops as it closed at N79.4 per share after hitting day low of N78 and high of N81 per share compared to N81.5 per share previously.

NB ended with 77 deals that resulted in the exchange of 0.569m shares for N45.299m.

Top traded volume was Unilever Nigeria's 20.383m shares traded  in 47 deals worth day high N804.952m while Zenith Bank closed with top number of deals.  It witnessed 226 deals for 2nd ranked 14.477m shares valued at N347.444m.


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