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 16Bpts of its trading points, and closed at 24,336.12 from 24,374.38. Safe NSE-Premium and NSE-Banking Index that gained other observed market indices in this report lost. Thus, Week to Date, activities index is 934Bpts below opening, while the total lost points in the month of June is now 203Bpts. See the index movement table for details.
It was a tense trading week on the floor of The Nigerian Stock Exchange as the market entered the half year earnings released month. It should be noted that most listed equities in the banking sector usually released their respective half year numbers in August. We maintained that traders should tread carefully around the market arena.
Value loss by the Market Capitalization of the listed equities during today’s trading activities was N20.002 billion, same as 16Bpts below the opening value. Meanwhile, trading activities for the day produced 09 ADVANCERS and 27 LAGERS. NSEASI Year to Date loss is now 934Bpts while the Market Capitalization Year to Date loss stood at N263.222 billion same as 201Bpts below the year’s opening value.
Week Ended 3rd July, 2020
The NSE All-Share Index (NSEASI) and Market Capitalization both closed by 1.99% below their respective opening values, thus, each rounded up the week at 24,336.12 and N12.695 trillion respectively.
Thirteen (13) stocks closed the week green, while Fifty Nine (59) ended below their respective opening points, and Ninety One (91) closed on a flat note.
Royal Exchange led the advancers’ log for the week with 13.04% as it rounded up the week at N0.26 from N0.23. Okomu Oil followed with 9.94% to close at N77.40 from N70.40. ABC-Transport, Ikeja Hotel and Vitafoam completed the top 5 price percentage gainers for the week with 9.80%, 7.37% and 5.47% respectively.
Nahco led the decliners’ log with 18.37% to close the week at N2.00 from N2.45. Learn Africa followed with 17.83% loss as it closed at N1.06 from N1.29. Union Bank and Union Dignostic followed on the log with 15.08% and 10.71% while four equities; Cadbury, CapHotel , UACN and GlaxoSmithkline came next with 10.00% loss.
During the week, Nahco and Ikeja Hotels were respectively adjusted for N0.30 and N0.02 cash dividend recently announced. While MCNicholes was marked down for N0.03 dividend.
We recommend that traders should carefully established possible effect of the lockdown on the business of their equities of choice and decide accordingly. Safe Trade.