FeaturedMarket Update

Despite Partial LockDown, Nigerian Equities Market Gained N801.3 Billion WtD

Rounding up the last trading day of the week, trading activities on the floor of The Nigerian Stock Exchange closed in the positive territory. Thus, NSEASI added 163Bpts of its trading points, and closed at 22,921.59 from 22,554.84. Safe NSE-Oil & gas that shed points, all observed market indices in this report, gained. Thus, Week to Date, activities index is 719Bpts above opening, while the total gained points in the month of April is now 761Bpts. See the index movement table for details.

Against the observed profit taking activities on Thursday, the market regained confidence as banking equities enjoyed more patronage just as good numbers of blue chip joined the gainers’ log. This is despite the extension of the partial lockdown in key part of the country. We are of the opinion that, market may be enjoying some fund inflows, as traders take positions against the expected boom at the end of COVID-19 pandemic. Although we propose a cautious play around the market, we maintained that panicking off the market is not an intelligent investment option at the moment.

Value gained by the Market Capitalization of the listed equities during today’s trading activities was N191.133 billion, same as 163Bpts above the opening value.  Meanwhile, trading activities for the day produced 19 ADVANCERS and 09 LAGERS. NSEASI Year to Date loss is now 1,461Bpts while the Market Capitalization Year to Date loss stood at N1.012 trillion same as 782Bpts below the year’s opening value.

Week Ended 17th April, 2020

The market traded for four days, as the Federal Government of Nigeria declared Monday 13th April 2020 (Easter Monday) as Public Holiday in commemoration of the Easter celebrations. As shown in the index movement table, The NSE All-Share Index (NSEASI) and Market Capitalization both gained 7.19% and closed the week at 22,921.59 and N11.945 trillion respectively.

NSE-Consumer Goods Index gained the most during the week, as it gained 15.57%, NSE-Lotus Index followed with 9.70% NSE-30 and NSE-Premium followed with 8.18% and 8.77% respectively. See the index movement table for details.

Thirty Seven (37) stocks closed the week green, while Twenty One (21) ended below their respective opening points, and One Hundred and Five (105) closed on a flat note.

Nigerian Breweries led the advancers’ log with 45.72%% gain, thus it closed at N32.35 from N22.20. Conoil came next on the list with 32.32%, as it rounded up the week at N17.40 from N13.15. Champion Breweries, May & Baker and Nestle Foods completed the top 5 price percentage gainers for the week with 20.00%, 18.64% and 16.48% respectively.

Losers’ log on the other hand was led by Nahco with 11.25% loss, followed by Ardova with 10.22%. Others are Arbico, John Holt and Cadbury. See top performers’ log for details.

During the week, Access bank and FCMB-Holdings were adjusted for N0.40 and N0.14 cash dividend respectively. Safe Trade.

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FeaturedMarket Update

Despite Partial LockDown, Nigerian Equities Market Gained N801.3 Billion WtD

Rounding up the last trading day of the week, trading activities on the floor of The Nigerian Stock Exchange closed in the positive territory. Thus, NSEASI added 163Bpts of its trading points, and closed at 22,921.59 from 22,554.84. Safe NSE-Oil & gas that shed points, all observed market indices in this report, gained. Thus, Week to Date, activities index is 719Bpts above opening, while the total gained points in the month of April is now 761Bpts. See the index movement table for details.

Against the observed profit taking activities on Thursday, the market regained confidence as banking equities enjoyed more patronage just as good numbers of blue chip joined the gainers’ log. This is despite the extension of the partial lockdown in key part of the country. We are of the opinion that, market may be enjoying some fund inflows, as traders take positions against the expected boom at the end of COVID-19 pandemic. Although we propose a cautious play around the market, we maintained that panicking off the market is not an intelligent investment option at the moment.

Value gained by the Market Capitalization of the listed equities during today’s trading activities was N191.133 billion, same as 163Bpts above the opening value.  Meanwhile, trading activities for the day produced 19 ADVANCERS and 09 LAGERS. NSEASI Year to Date loss is now 1,461Bpts while the Market Capitalization Year to Date loss stood at N1.012 trillion same as 782Bpts below the year’s opening value.

Week Ended 17th April, 2020

The market traded for four days, as the Federal Government of Nigeria declared Monday 13th April 2020 (Easter Monday) as Public Holiday in commemoration of the Easter celebrations. As shown in the index movement table, The NSE All-Share Index (NSEASI) and Market Capitalization both gained 7.19% and closed the week at 22,921.59 and N11.945 trillion respectively.

NSE-Consumer Goods Index gained the most during the week, as it gained 15.57%, NSE-Lotus Index followed with 9.70% NSE-30 and NSE-Premium followed with 8.18% and 8.77% respectively. See the index movement table for details.

Thirty Seven (37) stocks closed the week green, while Twenty One (21) ended below their respective opening points, and One Hundred and Five (105) closed on a flat note.

Nigerian Breweries led the advancers’ log with 45.72%% gain, thus it closed at N32.35 from N22.20. Conoil came next on the list with 32.32%, as it rounded up the week at N17.40 from N13.15. Champion Breweries, May & Baker and Nestle Foods completed the top 5 price percentage gainers for the week with 20.00%, 18.64% and 16.48% respectively.

Losers’ log on the other hand was led by Nahco with 11.25% loss, followed by Ardova with 10.22%. Others are Arbico, John Holt and Cadbury. See top performers’ log for details.

During the week, Access bank and FCMB-Holdings were adjusted for N0.40 and N0.14 cash dividend respectively. Safe Trade.

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