FeaturedMarket Update

COVID-19 Depression Persists, as NSEASI Gives Up 351Bpts WtD

Rounding up the last trading day of the week, trading activities on the floor of The Nigerian Stock Exchange closed in the red. Thus, NSEASI gave up 13Bpts of its trading points, and closed at 21,094.62 from 21,121.20. It was a mixed performance amongst the observed market indices in this report. Week to Date, activities index is 351Bpts below opening, while the total lost points in the month of April is now 97Bpts. See the index movement table for details.

Undoubtedly, the market still suffers under the burden of unfavourable effect of COVID-19, as investors continue to play safe, despite the very attractive equities prices. The truth is that, many funds are currently trapped by the bear, while few traders with trading capital are currently taking advantage of the induced drops of listed equities share prices. Most intelligent investment decision is to avoid panic selling at the moment.

Value loss by the Market Capitalization of the listed equities during today’s trading activities was N13.850 billion, same as 13Bpts below the opening value.  Meanwhile, trading activities for the day produced 15 ADVANCERS and 13 LAGERS. NSEASI Year to Date loss is now 2,141Bpts while the Market Capitalization Year to Date loss stood at N1.964 trillion same as 1,516Bpts below the year’s opening value.

Week Ended 3rd April, 2020

As noted in the index movement table, The NSE All-Share Index (NSEASI) and Market Capitalization both shed 3.51% and closed the week at 21,094.62 and N10.993 trillion respectively.

Through the week, NSE-Premium Index lost the highest points (5.30%), followed by NSE-Banking Index that lost 5.26%, NSE-NSE-30 Index and NSE-Consumer Goods followed in that order, see the index movement table.

Fifteen (15) stocks closed the week green, while Thirty Six (36) ended below their respective opening points, and One Hundred and Twelve (112) closed on a flat note.

Glaxo-Smithkline led the advancers’ log with 24.68%% gain, thus it closed at N4.80 from N3.85. Livestock Feeds came next on the list with 18.64%, as it rounded up the week at N0.70 from N0.59. Cadbury, Berger Paints and 11Plc completed the top 5 price percentage gainers for the week with 12.90%, 9.84% and 9.83% respectively.

Losers’ log on the other hand was led by Nigerian Breweries with 13.73% loss, followed by ETI with 12.36%. Others are Custodian Investment, Guinness and SKYAVN. See top performers’ log for details.

During the week, Custodian Investments Plc was adjusted for N0.35 cash dividend recently announced. Safe Trade.

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FeaturedMarket Update

COVID-19 Depression Persists, as NSEASI Gives Up 351Bpts WtD

Rounding up the last trading day of the week, trading activities on the floor of The Nigerian Stock Exchange closed in the red. Thus, NSEASI gave up 13Bpts of its trading points, and closed at 21,094.62 from 21,121.20. It was a mixed performance amongst the observed market indices in this report. Week to Date, activities index is 351Bpts below opening, while the total lost points in the month of April is now 97Bpts. See the index movement table for details.

Undoubtedly, the market still suffers under the burden of unfavourable effect of COVID-19, as investors continue to play safe, despite the very attractive equities prices. The truth is that, many funds are currently trapped by the bear, while few traders with trading capital are currently taking advantage of the induced drops of listed equities share prices. Most intelligent investment decision is to avoid panic selling at the moment.

Value loss by the Market Capitalization of the listed equities during today’s trading activities was N13.850 billion, same as 13Bpts below the opening value.  Meanwhile, trading activities for the day produced 15 ADVANCERS and 13 LAGERS. NSEASI Year to Date loss is now 2,141Bpts while the Market Capitalization Year to Date loss stood at N1.964 trillion same as 1,516Bpts below the year’s opening value.

Week Ended 3rd April, 2020

As noted in the index movement table, The NSE All-Share Index (NSEASI) and Market Capitalization both shed 3.51% and closed the week at 21,094.62 and N10.993 trillion respectively.

Through the week, NSE-Premium Index lost the highest points (5.30%), followed by NSE-Banking Index that lost 5.26%, NSE-NSE-30 Index and NSE-Consumer Goods followed in that order, see the index movement table.

Fifteen (15) stocks closed the week green, while Thirty Six (36) ended below their respective opening points, and One Hundred and Twelve (112) closed on a flat note.

Glaxo-Smithkline led the advancers’ log with 24.68%% gain, thus it closed at N4.80 from N3.85. Livestock Feeds came next on the list with 18.64%, as it rounded up the week at N0.70 from N0.59. Cadbury, Berger Paints and 11Plc completed the top 5 price percentage gainers for the week with 12.90%, 9.84% and 9.83% respectively.

Losers’ log on the other hand was led by Nigerian Breweries with 13.73% loss, followed by ETI with 12.36%. Others are Custodian Investment, Guinness and SKYAVN. See top performers’ log for details.

During the week, Custodian Investments Plc was adjusted for N0.35 cash dividend recently announced. Safe Trade.

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