Market UpdateUncategorized

Nigerian Equities Market Update: 12th April, 2018

Equities trading on the floor of The Nigerian Stock Exchange closed in the negative territory as the lead performance index gave up marginal 9Bpts and rounded up trade at 40,808.48 from 40,846.24. It was a mixed performance amongst the observed market indices as shown in the index movement table. Week to Date, activities index is down by 8Bpts while total point lost within the month of April is now 168Bpts. See index movement table for details.

Value loss by the market capitalization of the listed equities during today’s trading activities was N13.639 billion, same as 9Bpts below the opening value.  Meanwhile, trading activities for the day produced 20 advancers and 23 lagers. NSEASI Year to Date gain is now 6.71% while the Market Capitalization Year to Date gain stood at N1.131 trillion same as 8.31% above the year’s opening value.

The following listed equities will be adjusted tomorrow 13th April, 2018 for the cash dividend recently reported for the year ended 31st December, 2018; Access Bank share price will be adjusted for 40k , FCMB Holdings will be adjusted for 10k and  African Prudential share price will be adjusted for 40k cash dividend.

Meanwhile, the share price of Custodian & Allied and Newrest Asl were adjusted today for cash dividend of 32k and 18k respectively. Also note that today Zenith Bank holds its AGM and also commenced the payment of the N2.45 final dividend while CAP Plc observed its AGM today.

We maintained that the market is getting juicier by each bear’s bite, especially for both medium and long term investors. This is on the premise that both equities and market fundamentals are intact as evidenced by several impressive earnings recently released to the market. We recommend entry in tranches into equities currently trading below their intrinsic values. In other words, after proper valuation of these equities investors should confidently decide their positions accordingly. Safe Trade.

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Market UpdateUncategorized

Nigerian Equities Market Update: 12th April, 2018

Equities trading on the floor of The Nigerian Stock Exchange closed in the negative territory as the lead performance index gave up marginal 9Bpts and rounded up trade at 40,808.48 from 40,846.24. It was a mixed performance amongst the observed market indices as shown in the index movement table. Week to Date, activities index is down by 8Bpts while total point lost within the month of April is now 168Bpts. See index movement table for details.

Value loss by the market capitalization of the listed equities during today’s trading activities was N13.639 billion, same as 9Bpts below the opening value.  Meanwhile, trading activities for the day produced 20 advancers and 23 lagers. NSEASI Year to Date gain is now 6.71% while the Market Capitalization Year to Date gain stood at N1.131 trillion same as 8.31% above the year’s opening value.

The following listed equities will be adjusted tomorrow 13th April, 2018 for the cash dividend recently reported for the year ended 31st December, 2018; Access Bank share price will be adjusted for 40k , FCMB Holdings will be adjusted for 10k and  African Prudential share price will be adjusted for 40k cash dividend.

Meanwhile, the share price of Custodian & Allied and Newrest Asl were adjusted today for cash dividend of 32k and 18k respectively. Also note that today Zenith Bank holds its AGM and also commenced the payment of the N2.45 final dividend while CAP Plc observed its AGM today.

We maintained that the market is getting juicier by each bear’s bite, especially for both medium and long term investors. This is on the premise that both equities and market fundamentals are intact as evidenced by several impressive earnings recently released to the market. We recommend entry in tranches into equities currently trading below their intrinsic values. In other words, after proper valuation of these equities investors should confidently decide their positions accordingly. Safe Trade.

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