FeaturedMarket Update

Despite Earnings Influx, NSEASI Closed the Week Red, Gave Up 103Bpts WtD

Friday 2nd August, 2019

Equities trading on the floor of The Nigerian Stock Exchange rounded up the day’s activities in the negative territory, as the lead performance pointer NSEASI gave up 43Bpts and closed at 27,630.46 from 27,748.46. It was a mixed performance amongst the observed market indices in this report. Thus, Week to Date, market is 103Bpts below opening while the total lost points within the month of August is now 32Bpts. See the index movement table for details.

Value loss by the market capitalization of the listed equities during today’s trading activities was N57.505 billion, same as 43Bpts below the opening value.  Meanwhile, trading activities for the day produced 17 ADVANCERS and 17 LAGERS. NSEASI Year to Date loss is now 1,209Bpts while the Market Capitalization Year to Date gain stood at N1.744 trillion same as 1,488Bpts above the year’s opening value.

Week Ended 2nd August, 2019

The week witnessed the end of July and saw the first two trading days of August, was a mix of two (2) positive days and three (3) black days. For movements of both All Share Index (NSEASI) and the Market Capitalisation of the listed equities, see the index movement table.

Meanwhile, Thirty Two (32) equities closed above their opening prices for the week, Twenty Seven (27) shed prices and closed below their respective opening prices and One Hundred and Nine (109) closed on a flat note.

Unity Bank led on the advancers’ log with 27.59% as it closed the week at N0.74 from N0.58. C&I Leasing followed with 21.00% to close at N6.05 from N5.00. completing the top five list are; Vitafoam, Julius Berger and Transs-Nationwide with 15.32%, 13.81% and 10.00% respectively.

Eterna Oil led on the decliners’ log with 19.40% as it rounded up the week at N2.70 from N3.35. Next on the list is Nigerian Breweries with 16.67% price lost that closed its price at N50.00 from N60.00. NCR, UPL and Total Oil completed the top 5 price percentage losers for the week with 11.67%, 11.11% and 9.96% respectively.

Five(5) listed equities proposed dividend for the week, they are MTNN-Interim (N2.95), Ikeja Hotels-Interim (N0.03), Cutix-Full Year (N0.125), Flour Mills (N1.20) and Custodian Inv Plc (N0.10).

The proposed delisting process of First Alluminium was finally concluded as the entire issued share capital of First Aluminium Nigeria Plc were delisted from the Daily Official List of The Exchange on Wednesday, 31 July 2019. Safe Trade.

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