Starting off the week, the performance index of The Nigerian Bourse inched north adding marginal 6Bpts. Month to Date returns remained green at 241Bpts, meanwhile, daily performance on other observed market indices were mixed. See the index movement table for details.
Today’s trading activities produced 16 advancers and 23 lagers. NSEASI YtD return is currently -1.32% while the Market Capitalization YtD return stood at –N142.048 billion.
The share price of Fidson Healthcare was adjusted today for the 5k dividend earlier announced by its management.
As the third quarter of the year prepares its exit, it is needful to note the importance of the expected earnings (that is, the financial performances of listed equities for the 3rd quarter of 2016) on various portfolios. The idea is to use the statistics in re-shuffling your portfolios against the full year financials. Please note that, the results will dictate investment pattern through the next six trading months, after which full year (2016) and first quarter (2017) financials will be unveiled.
We maintained our position that traders should pay more attention to their trades and seriously mind their stops (up (+) or down (-)). Investment greed should be avoided at all cost.
Volume Index for week’s activity is 1.03 while buy volume and sell volume is estimated at 47% and 53% respectively.