Rounding up the last trading day of the week, equities trading on the floor of The Nigerian Stock Exchange added 18Bpts as NSEASI closed at 32,540.17 from 32,480.89. It was a mixed performance amongst the observed market indices as shown in the index movement table. Week to Date total gained points was 66Bpts while the lost point within the month of September is adjusted down to 662Bpts. See the index movement table for details.
Value gained by the market capitalization of the listed equities during today’s trading activities was N21.641 billion, same as 18Bpts above the opening value. Meanwhile, trading activities for the day produced 23 advancers and 15 lagers. NSEASI Year to Date loss is now 14.91% while the Market Capitalization Year to Date loss stood at N1.729 trillion same as 12.71% below the year’s opening value.
Week Ended, 21st Sept., 2018
The week experienced a two days of bearish moves and three positive days for a net of one positive day. As noted above, the lead performance pointer NSEASI added 66Bpts to its trading points during the week; similarly, the Market Capitalization of the listed equities closed at N11.880 trillion after gaining 66Bpts of its opening value.
Activities during the week moved 50 equities above their respective opening points while 25 shed prices and 94 equities were active but remained unchanged. Leading on the advancers’ log was Union Diagnostic that added 26.67% to its opening price to round up the week at N0.38 from N0.30. First Aluminum followed on the log with 23.33% gain while Forte Oil, Regency Assurance and UACN completed the top 5 list with 22.86%, 18.18% and 16.26% respectively.
Decliners’ log on the other hand was led by Standard Alliance with 20.00% loss that closed the equity’s share price at N0.20 from N0.25 where it took off the week. Axa-Mansard lost by 19.13%, while Red Star Express, Cornerstone and John Holt completed the top 5 percentage losers’ table with 17.43%, 16.67% and 8.62% respectively.
Following the takeover process of Skye Bank by Polaris Bank, the exchange had announced the suspension of its shares from trading on the floor of The Nigerian Stock Exchange effective Monday 24th September, 2018. Please note that major market fundamentals that will drive the new week are; the upcoming MPC meeting/outcome, and the Skye Bank takeover process. Safe Trade.