FeaturedMarket Update

Market Update: Friday/Week Ended 15th November, 2019

Rounding up the last trading day of the week, equities trading on the floor of The Nigerian Stock Exchange ended in the positive territory as the lead performance index added 3Bpts to close at 26,851.68 from 26,843.11. It was a mixed performance amongst the observed market indices as shown in the index movement table. Thus, Week to Date, activities index added 204Bpts while the total gained points in the month of November is now 188Bpts. See the index movement table for details.

Value gained by the Market Capitalization of the listed equities during today’s trading activities was N4,173 billion, same as 3Bpts above the opening value.  Meanwhile, trading activities for the day produced 22 ADVANCERS and 11 LAGERS. NSEASI Year to Date loss is now 1,457Bpts while the Market Capitalization Year to Date gain stood at N1.350 trillion same as 1,152Bpts above the year’s opening value.

Week Ended 15th November, 2019

As noted above, The NSE All-Share Index and Market Capitalization gained 2.04% each to close the week at 26,851.68 and N11,720 trillion respectively. Week to Date, NSE-Banking index led with 677Bpts followed by NSE-Pension that gained 549Bpts while others followed as shown in the index movement table.

A total of 39 equities closed the week above their respective opening points, 11 depreciated while 116 closed flat. Leading on the advancer’s log for the week was Wema Bank led the gainers with 28.81% price appreciation to close at N0.76 from N0.59. Cornerstone Insurance followed with 26.53% gain to close N0.62 from N0.49. Others on the top 5 list are Guinness, JaizBank and FBNH

Meanwhile, on the decliners’ log, Total Oil led with 9.98% loss as it closed the week at N110.90 from N123.20. Learn Africa followed with 9.40% loss while Unilever, Continental Rei and Pz Cussons completed the top 5 price percentage gainers’ list with 5.61% 5.04% and 3.60% respectively.

The share price of Seplat was adjusted for the recently reported N15.52 Cash Dividend within the week.

As noted in our previous reports, recent policies by the CBN along other moves by the exchange and other stakeholders should increase liquidity around the equities market. Although market may consistently experience short-lived recovery moves, in our opinion, such is typical of a recovering market. Buying interest remain strong in most listed equities although the lead performance pointer may not reflect the same posture always, we conclude that traders should take timely advantage of low priced equities and play dividend stocks accordingly. Safe Trade.

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FeaturedMarket Update

Market Update: Friday/Week Ended 15th November, 2019

Rounding up the last trading day of the week, equities trading on the floor of The Nigerian Stock Exchange ended in the positive territory as the lead performance index added 3Bpts to close at 26,851.68 from 26,843.11. It was a mixed performance amongst the observed market indices as shown in the index movement table. Thus, Week to Date, activities index added 204Bpts while the total gained points in the month of November is now 188Bpts. See the index movement table for details.

Value gained by the Market Capitalization of the listed equities during today’s trading activities was N4,173 billion, same as 3Bpts above the opening value.  Meanwhile, trading activities for the day produced 22 ADVANCERS and 11 LAGERS. NSEASI Year to Date loss is now 1,457Bpts while the Market Capitalization Year to Date gain stood at N1.350 trillion same as 1,152Bpts above the year’s opening value.

Week Ended 15th November, 2019

As noted above, The NSE All-Share Index and Market Capitalization gained 2.04% each to close the week at 26,851.68 and N11,720 trillion respectively. Week to Date, NSE-Banking index led with 677Bpts followed by NSE-Pension that gained 549Bpts while others followed as shown in the index movement table.

A total of 39 equities closed the week above their respective opening points, 11 depreciated while 116 closed flat. Leading on the advancer’s log for the week was Wema Bank led the gainers with 28.81% price appreciation to close at N0.76 from N0.59. Cornerstone Insurance followed with 26.53% gain to close N0.62 from N0.49. Others on the top 5 list are Guinness, JaizBank and FBNH

Meanwhile, on the decliners’ log, Total Oil led with 9.98% loss as it closed the week at N110.90 from N123.20. Learn Africa followed with 9.40% loss while Unilever, Continental Rei and Pz Cussons completed the top 5 price percentage gainers’ list with 5.61% 5.04% and 3.60% respectively.

The share price of Seplat was adjusted for the recently reported N15.52 Cash Dividend within the week.

As noted in our previous reports, recent policies by the CBN along other moves by the exchange and other stakeholders should increase liquidity around the equities market. Although market may consistently experience short-lived recovery moves, in our opinion, such is typical of a recovering market. Buying interest remain strong in most listed equities although the lead performance pointer may not reflect the same posture always, we conclude that traders should take timely advantage of low priced equities and play dividend stocks accordingly. Safe Trade.

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