Market Update

Nigerian Equities Market Sheds 177Bpts WtD

Rounding off the first week of October, the performance pointer gapped south by 70Bpts. By this action, point lost during the week is estimated at 177Bpts while the value loss on the Market Capitalization is N67.554 billion WtD. All other observed market indices finished the week below their respective opening points as shown in the index movement table.

Today’s trading activities produced 13 advancers and 15 lagers. NSEASI YtD return is currently -2.82% while the Market Capitalization YtD return stood at –N289.754 billion.

During the week, the share price of Conoil Plc and Glaxo Smithklne were adjusted for dividend earlier declared by their managements. Conoil was adjusted for N3 dividend on the 3rd of October while Glaxo Smithkline was marked down for 60k special dividend on same day.

Pz cussons made available its first quarter financial performance for the period ended 31st August, 2016. The result was negative earnings of N1.58 billion against the N377.165 million profits reported in corresponding quarter of 2015. United Capital also unveiled its nine months statistics for period ended 31st September, 2016, where it reported N3.17 billion profit against N1.91 billion of similar period in 2015.

Skye Bank announced the postponement of its AGM which was earlier scheduled to hold on 13th October, 2016. The new date shall be communicated later.

Volume Index for week’s activity is 0.85 while buy volume and sell volume momentum is estimated at 10% and 90% respectively.

Comment here

Market Update

Nigerian Equities Market Sheds 177Bpts WtD

Rounding off the first week of October, the performance pointer gapped south by 70Bpts. By this action, point lost during the week is estimated at 177Bpts while the value loss on the Market Capitalization is N67.554 billion WtD. All other observed market indices finished the week below their respective opening points as shown in the index movement table.

Today’s trading activities produced 13 advancers and 15 lagers. NSEASI YtD return is currently -2.82% while the Market Capitalization YtD return stood at –N289.754 billion.

During the week, the share price of Conoil Plc and Glaxo Smithklne were adjusted for dividend earlier declared by their managements. Conoil was adjusted for N3 dividend on the 3rd of October while Glaxo Smithkline was marked down for 60k special dividend on same day.

Pz cussons made available its first quarter financial performance for the period ended 31st August, 2016. The result was negative earnings of N1.58 billion against the N377.165 million profits reported in corresponding quarter of 2015. United Capital also unveiled its nine months statistics for period ended 31st September, 2016, where it reported N3.17 billion profit against N1.91 billion of similar period in 2015.

Skye Bank announced the postponement of its AGM which was earlier scheduled to hold on 13th October, 2016. The new date shall be communicated later.

Volume Index for week’s activity is 0.85 while buy volume and sell volume momentum is estimated at 10% and 90% respectively.

Comment here