Consolidating recovery move, trading activities on the floor of The Nigerian Stock Exchange added 142Bpts as it ended the day’s trade at 36,112.37 from 35,605.30. It was a mixed performance amongst the observed market indices as shown in the index movement table. Both the Week to Date and Month to Date market returns are now in the positive territory (+171Bpts).
Value gained by the market capitalization of the listed equities during today’s trading activities was N174.790 billion, same as 142Bpts above the opening value. Meanwhile, trading activities for the day produced 19 advancers and 22 lagers. NSEASI Year to Date gain is now 34.37% while the Market Capitalization Year to Date gain stood at N3.201 trillion same as 34.62% above the year’s opening value.
The full year financial statistics of Pz. Cussons was made available to the market at the late hour of yesterday. According to the report, the management will recommend to the shareholders at the next AGM a final dividend payout of N1,985,238,523 billion representing a payment of 50k per share. Please recall that same amount was paid in the corresponding year (2016). If approved, the said dividend will be dispatched on Friday, 13th October, 2017.
Please note that September marks the end of third quarter for equities with December financial year end. Thus, we are of the opinion that, this seasonal event should guide investments through the month.
Meanwhile, we maintained that traders should tread cautiously. Possible profits should be accumulated while strict care should be exercised against risky investment decisions. All trading rules should be followed to the later. Safe Trade.