FeaturedMarket Update

Nigerian Stock Market Ends May in the Green, Adds 976Bpts

Rounding up the last trading day in the month of May, trading activities on the floor of The Nigerian Stock Exchange closed in the positive territory. Thus, NSEASI added 40Bpts of its trading points, and closed at 25,267.82 from 25,166.01. It was a mixed performance amongst the observed market indices in this report as shown in the index movement table. Thus, Week to Date, activities index is 25Bpts above opening, while the total gained points in the month of May is 976Bpts. See the index movement table for details.

Complementing April positive performance, the month of May equally ended in the green territory. Thus, the year 2020 had so far recorded three positive months and two bearish months. Please understand that the combined gain in both April and May is still struggling to wipe off the bearish moves recorded in March. We are of the opinion that, the month of June will be mixed, as economic fundamentals will chiefly dictate market trend. Nevertheless, we maintained that positioning for expected half year numbers should contribute to investment options in the new month. It is also necessary to carefully analyse the possible effects of the deadly Covid-19/partial economic luck down on your equities of choice’s business, since the effect will undoubtedly reflect in half year numbers.

Value gained by the Market Capitalization of the listed equities during today’s trading activities was N53.061 billion, same as 40Bpts above the opening value.  Meanwhile, trading activities for the day produced 14 ADVANCERS and 20 LAGERS. NSEASI Year to Date loss is now 586Bpts while the Market Capitalization Year to Date gain stood at N210.024 billion same as 162Bpts above the year’s opening value.

Week Ended 29th May, 2020

As shown in the index movement table, The NSE All-Share Index (NSEASI) and Market Capitalization both added 25% of their opening values and closed the week at 25,267.82 and N13.168 trillion respectively.

Thirty Four (34) stocks closed the week green, while Twenty One (21) ended below their respective opening points, and One Hundred and Eight (108) closed on a flat note.

Neimeth led the advancers’ log for the week with 31.40% to close at N1.13 from N0.86. SkyAvn followed with 24.83% and closed the week at N1.81 from N1.45. Mansard, Cutix and Glaxo-Smithkline completed the log with 18.71%, 14.72% and 13.29% respectively.

Losers log on the other hand was led by Regency Alliance with 13.04% as it closed at N0.20 from N0.23. Ardova followed with 10.00% loss, thus it closed at N14.40 from N16.00. Completing the top 5 price percentage losers for the week are; Learn-Africa, ETI and Transcorp.

During the week three listed equities were adjusted for dividend, they are; Cadbury (N0.49), Dangote Cement (N16.00) and May & Baker (N0.25). Safe Trade.

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FeaturedMarket Update

Nigerian Stock Market Ends May in the Green, Adds 976Bpts

Rounding up the last trading day in the month of May, trading activities on the floor of The Nigerian Stock Exchange closed in the positive territory. Thus, NSEASI added 40Bpts of its trading points, and closed at 25,267.82 from 25,166.01. It was a mixed performance amongst the observed market indices in this report as shown in the index movement table. Thus, Week to Date, activities index is 25Bpts above opening, while the total gained points in the month of May is 976Bpts. See the index movement table for details.

Complementing April positive performance, the month of May equally ended in the green territory. Thus, the year 2020 had so far recorded three positive months and two bearish months. Please understand that the combined gain in both April and May is still struggling to wipe off the bearish moves recorded in March. We are of the opinion that, the month of June will be mixed, as economic fundamentals will chiefly dictate market trend. Nevertheless, we maintained that positioning for expected half year numbers should contribute to investment options in the new month. It is also necessary to carefully analyse the possible effects of the deadly Covid-19/partial economic luck down on your equities of choice’s business, since the effect will undoubtedly reflect in half year numbers.

Value gained by the Market Capitalization of the listed equities during today’s trading activities was N53.061 billion, same as 40Bpts above the opening value.  Meanwhile, trading activities for the day produced 14 ADVANCERS and 20 LAGERS. NSEASI Year to Date loss is now 586Bpts while the Market Capitalization Year to Date gain stood at N210.024 billion same as 162Bpts above the year’s opening value.

Week Ended 29th May, 2020

As shown in the index movement table, The NSE All-Share Index (NSEASI) and Market Capitalization both added 25% of their opening values and closed the week at 25,267.82 and N13.168 trillion respectively.

Thirty Four (34) stocks closed the week green, while Twenty One (21) ended below their respective opening points, and One Hundred and Eight (108) closed on a flat note.

Neimeth led the advancers’ log for the week with 31.40% to close at N1.13 from N0.86. SkyAvn followed with 24.83% and closed the week at N1.81 from N1.45. Mansard, Cutix and Glaxo-Smithkline completed the log with 18.71%, 14.72% and 13.29% respectively.

Losers log on the other hand was led by Regency Alliance with 13.04% as it closed at N0.20 from N0.23. Ardova followed with 10.00% loss, thus it closed at N14.40 from N16.00. Completing the top 5 price percentage losers for the week are; Learn-Africa, ETI and Transcorp.

During the week three listed equities were adjusted for dividend, they are; Cadbury (N0.49), Dangote Cement (N16.00) and May & Baker (N0.25). Safe Trade.

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