FeaturedMarket Update

Mixed Sentiments; Nigeria Stock Exchange ASI Gains 63Bpts WtD

Rounding up the last trading day of the week, trading activities on the floor of The Nigerian Stock Exchange closed in the negative territory. Thus, NSEASI gave up 15Bpts of its trading points, and closed at 25,199.84 from 25,236.97. Safe NSE-Industrial Goods Index that gained, all other observed market indices in this report closed below their respective openings. Thus, Week to Date, activities index is 63Bpts above opening, while the total gained points in the month of August is now 205Bpts. See the index movement table for details.

As reiterated in our previous reports, half year earnings will lead the market fundamentals through this month. Focus at the moment should be on banking equities with half year dividend policies, such as Zenith Bank, Guaranty Trust Bank, Access Bank and STANBIC-IBTC; and few other listed equities yet to be adjusted for the recently announced cash/scrip dividends.

Value loss by the Market Capitalization of the listed equities during today’s trading activities was N19.368 billion, same as 15Bpts below the opening value.  Meanwhile, trading activities for the day produced 11 ADVANCERS and 23 LAGERS. NSEASI Year to Date loss is now 612Bpts while the Market Capitalization Year to Date gain stood at N187.410 billion same as 145Bpts above the year’s opening value.

 

Week Ended 14th August, 2020

As noted above, the NSE All-Share Index (NSEASI) and Market Capitalization both closed by 0.63% above their respective opening values, thus, each rounded up the week at 25,199.84 and N13.145 trillion respectively.

Twenty Nine (29) stocks closed the week green, while Thirty Three (33) ended below their respective opening points, and One Hundred and One (101) closed on a flat note.

Cadbury led the advancers’ log for the week with 12.88% as it rounded up the week at N7.45 from N6.60. Nigerian Breweries followed with 12.50% gain to close at N36.00 from N32.00. Unilever gained 11.61% while CILeasing and Seplat completed the top 5 price percentage gainers log for the week with 10.00% gain each.

Meanwhile, Champion Breweries led on the decliners’ Log with 25.26% loss to end the week at N0.71 from N0.95. Ikeja Hotel followed closely with 25.00% loss to close at N0.84 from N1.12. Cornerstone, NNFM and CHIPLC completed the top 5 price percentage losers list with 10.91%, 10.00% and 9.76% respectively.

The share price of Cornerstone Insurance was adjusted for the recently announced 7 FOR 30 scrip bonus. Meanwhile, NNFM announced 15k final cash dividend, Tripple Gee proposed N0.055 dividend and Lasaco proposed N0.05 cash dividend. Safe Trade

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FeaturedMarket Update

Mixed Sentiments; Nigeria Stock Exchange ASI Gains 63Bpts WtD

Rounding up the last trading day of the week, trading activities on the floor of The Nigerian Stock Exchange closed in the negative territory. Thus, NSEASI gave up 15Bpts of its trading points, and closed at 25,199.84 from 25,236.97. Safe NSE-Industrial Goods Index that gained, all other observed market indices in this report closed below their respective openings. Thus, Week to Date, activities index is 63Bpts above opening, while the total gained points in the month of August is now 205Bpts. See the index movement table for details.

As reiterated in our previous reports, half year earnings will lead the market fundamentals through this month. Focus at the moment should be on banking equities with half year dividend policies, such as Zenith Bank, Guaranty Trust Bank, Access Bank and STANBIC-IBTC; and few other listed equities yet to be adjusted for the recently announced cash/scrip dividends.

Value loss by the Market Capitalization of the listed equities during today’s trading activities was N19.368 billion, same as 15Bpts below the opening value.  Meanwhile, trading activities for the day produced 11 ADVANCERS and 23 LAGERS. NSEASI Year to Date loss is now 612Bpts while the Market Capitalization Year to Date gain stood at N187.410 billion same as 145Bpts above the year’s opening value.

 

Week Ended 14th August, 2020

As noted above, the NSE All-Share Index (NSEASI) and Market Capitalization both closed by 0.63% above their respective opening values, thus, each rounded up the week at 25,199.84 and N13.145 trillion respectively.

Twenty Nine (29) stocks closed the week green, while Thirty Three (33) ended below their respective opening points, and One Hundred and One (101) closed on a flat note.

Cadbury led the advancers’ log for the week with 12.88% as it rounded up the week at N7.45 from N6.60. Nigerian Breweries followed with 12.50% gain to close at N36.00 from N32.00. Unilever gained 11.61% while CILeasing and Seplat completed the top 5 price percentage gainers log for the week with 10.00% gain each.

Meanwhile, Champion Breweries led on the decliners’ Log with 25.26% loss to end the week at N0.71 from N0.95. Ikeja Hotel followed closely with 25.00% loss to close at N0.84 from N1.12. Cornerstone, NNFM and CHIPLC completed the top 5 price percentage losers list with 10.91%, 10.00% and 9.76% respectively.

The share price of Cornerstone Insurance was adjusted for the recently announced 7 FOR 30 scrip bonus. Meanwhile, NNFM announced 15k final cash dividend, Tripple Gee proposed N0.055 dividend and Lasaco proposed N0.05 cash dividend. Safe Trade

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