Market Update

Nigerian Equities Market Update: Monday, 12th March, 2018

Equities trading on the floor of The Nigerian Stock Exchange ended the first trading day of the week on a negative territory. Total point lost is 26Bpts as it rounded up at 43,056.51 from 43,167.87. It was a mixed performance amongst the observed market indices as shown in the index movement table. The negative performance increased the Month to Date loss to 63Bpts. See the index movement table for details.

Value loss by the market capitalization of the listed equities during today’s trading activities was N105.168 billion, same as 68Bpts below the opening value.  Meanwhile, trading activities for the day produced 19 advancers and 34 lagers. NSEASI Year to Date gain is now 12.59% while the Market Capitalization Year to Date gain stood at N1.793 trillion same as 13.18% above the year’s opening value.

Finally, the share of 7-up Bottling Company was finally deleted from the daily official list of the Nigerian Stock Exchange as per the company’s request and full satisfaction of all requirements by the regulators. This delisting accounts for the difference in the lost points between NSEASI and the market capitalization of the listed equities today.

The management of Zenith Bank today dazed the market with a whooping N2.45k cash dividend, this amount plus the previously paid interim dividend of 25k equates the total cash dividend paid for the year ended December 2017 to N2.70, this is same as 8.71% of the current market price. Estimated earnings per share for the fourth quarter of 2017 is N5.67, this yielded 18.28% of the current market price. Book Value is estimated at N26.17 while Profit Margin and Return on Average Equity are respectively 23.88% and 21.66%. Closure date is between 4th-9th April 2018 (both dates inclusive).

We maintained that traders should tread cautiously around the market arena. Safe Trade.

 

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Market Update

Nigerian Equities Market Update: Monday, 12th March, 2018

Equities trading on the floor of The Nigerian Stock Exchange ended the first trading day of the week on a negative territory. Total point lost is 26Bpts as it rounded up at 43,056.51 from 43,167.87. It was a mixed performance amongst the observed market indices as shown in the index movement table. The negative performance increased the Month to Date loss to 63Bpts. See the index movement table for details.

Value loss by the market capitalization of the listed equities during today’s trading activities was N105.168 billion, same as 68Bpts below the opening value.  Meanwhile, trading activities for the day produced 19 advancers and 34 lagers. NSEASI Year to Date gain is now 12.59% while the Market Capitalization Year to Date gain stood at N1.793 trillion same as 13.18% above the year’s opening value.

Finally, the share of 7-up Bottling Company was finally deleted from the daily official list of the Nigerian Stock Exchange as per the company’s request and full satisfaction of all requirements by the regulators. This delisting accounts for the difference in the lost points between NSEASI and the market capitalization of the listed equities today.

The management of Zenith Bank today dazed the market with a whooping N2.45k cash dividend, this amount plus the previously paid interim dividend of 25k equates the total cash dividend paid for the year ended December 2017 to N2.70, this is same as 8.71% of the current market price. Estimated earnings per share for the fourth quarter of 2017 is N5.67, this yielded 18.28% of the current market price. Book Value is estimated at N26.17 while Profit Margin and Return on Average Equity are respectively 23.88% and 21.66%. Closure date is between 4th-9th April 2018 (both dates inclusive).

We maintained that traders should tread cautiously around the market arena. Safe Trade.

 

Comment here