NSE Market Analysis 30-06-09
by Ope on June 30th, 2009
filed under Capital Market, Make Money
The Nigerian Stock Exchange (NSE) all share index which is the major barometer for the performance of the market, closed at 26,861.55 rise from the opening value of 26,249.28
Also the Nigerian Stock Exchange (NSE) capitalization which measures the value of equities closed at N6,125.97 billion indicating a rise of N139.63 billion today.
Market patronage in terms of Volume of shares exchanged by investors rose by 110.25 million ordinary shares or 25.13 percent when compared with the position in the last trading day. In essence, an aggregate of 549.05 million ordinary shares were traded in 10,595 deals today as against a volume of 438.80 million traded in 8,360 deals in the previous transaction.
Turnover by value was on the upswing like volume as it closed at N4.11 billion; N0.71 billion or 20.88 percent rise as against N3.40 billion worth of stocks traded yesterday.
Table 1
Market Statistics
|
|
Today 30/06/2009 |
Previous day 29/06/2009 |
% Change |
|
NSE All-Share Index |
26,861.55 |
26,249.28 |
2.33 |
|
Total Deals |
10,595 |
8,360 |
26.73 |
|
Volume Traded (M) |
549.05 |
438.80 |
25.13 |
|
Value Traded (N’B) |
4.11 |
3.40 |
20.88 |
|
Turn Over Ratio % |
0.08 |
0.07 |
14.29% Change Point |
|
Mkt. Capt. (N’B) |
6,125.97 |
5,986.34 |
2.33 |
Nestle Plc lead the top gainers list as the stock added N6.99 or 3.82 percent to its share price to close the market at N189.99 from its opening price of N183.00. African Petroleum Plc came second on the list, having gained N5.23 or 4.99 percent as it opened and closed the day at N104.77 and N110.00 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
NESTLE |
183.00 |
189.99 |
+6.99 |
3.82 |
|
AP |
104.77 |
110.00 |
+5.23 |
4.99 |
|
CHEVRON |
94.81 |
99.55 |
+4.74 |
5.00 |
|
OANDO |
88.05 |
92.45 |
+4.40 |
5.00 |
|
7UP |
36.50 |
37.95 |
+1.45 |
3.97 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, Total Plc lead the table for the day as the company share price declined by N3.75 or 2.13 percent to close the market at N172.25 per share, from it opening price of N176.00. Followed on the Chart was Conoil Plc that lost N3.07 or 4.99 percent to close the day at N58.43 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
TOTAL |
176.00 |
172.25 |
-3.75 |
-2.13 |
|
CONOIL |
61.50 |
58.43 |
-3.07 |
-4.99 |
|
BCC |
44.80 |
43.00 |
-1.80 |
-4.02 |
|
CAP |
34.33 |
32.62 |
-1.71 |
-4.98 |
|
OKOMUOIL |
26.51 |
25.19 |
-1.32 |
-4.98 |
Figure 2
Top 5 Price Losers
Trading Activities (Sectors/Individuals)
The Bank sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 316.49 million ordinary shares traded to control 57.64 percent of the aggregate volume of shares traded. The Insurance sector, with 106.17 million ordinary shares, traded trailed behind the Insurance sector which represents 19.34 percent of the total volume traded.
Figure 3
Access Bank Plc emerges first as the most patronized stock for the day. Investors traded 58.99 million ordinary shares to controlled 18.64 percent of the aggregate volume traded in the Banking sector and 10.74 percent of the entire market. UBA Plc (44.90 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
ACCESS |
9.05 |
58.99 |
|
UBA |
13.55 |
44.90 |
|
UNIVINSURE |
0.50 |
32.53 |
|
OCEANIC |
7.18 |
32.47 |
|
FIRSTBANK |
22.02 |
24.57 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N3,111.87 million for a 75 percent of the aggregate traded value for the day. The Breweries sector (N172.91 million) followed, representing 4 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that UBA Bank Plc led the highest trading by value at N605.73 million today. The figure controlled 19.47 percent of total traded value in the Banking sector and 14.75 percent of the overall value traded for the whole market. First Bank Plc (N541.01 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
UBA |
13.55 |
605.73 |
|
FIRSTBANK |
22.02 |
541.01 |
|
ACCESS |
9.05 |
527.06 |
|
OCEANIC |
7.18 |
235.33 |
|
ZENITHBANK |
14.32 |
231.97 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N544.45 billion today. This was followed by Nigerian Breweries Plc with N370.79 billion. Zenith bank Plc N359.68 billion, UBA Plc with N291.99 billion and Guaranty Trust Bank Plc N264.60 billion to maintained the third, fourth and fifth positions respectively.
Table 6
5 Most Capitalized Stocks
|
Stock |
Mkt. Capt. (N’B) |
% of Top 5 |
% of Total |
|
FIRSTBANK |
544.45 |
29.73 |
8.89 |
|
NB |
370.79 |
20.25 |
6.05 |
|
ZENITHBANK |
359.68 |
19.64 |
5.87 |
|
UBA |
291.99 |
15.94 |
4.77 |
|
GUARANTY |
264.60 |
14.45 |
4.32 |
|
Total |
1,831.51 |
100.00 |
29.90 |
|
Others |
4,294.46 |
|
70.10 |
|
Grand Total |
6,125.97 |
|
100 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
Term of the day
CLUSTER ANALYSIS:
Cluster analysis enables the investor to eliminate any overlap in his or her portfolio by identifying securities with related returns. This approach increases diversification, which provides the investor will a less risky portfolio. Cluster analysis has uncovered certain categories of stocks, such as cyclical and growth stocks.
Nse Anaysis for 29-06-09
by Ope on June 29th, 2009
filed under Capital Market, Make Money
The Nigerian Stock Exchange (NSE) all share index which is the major barometer for the performance of the market, closed at 26,249.28 rise from the opening value of 25,813.55
Also the Nigerian Stock Exchange (NSE) capitalization which measures the value of equities closed at N5,986.34 billion indicating a rise of N1.69 billion today.
Market patronage in terms of Volume of shares exchanged by investors rose by 116.33 million ordinary shares or 36.07 percent when compared with the position in the last trading day. In essence, an aggregate of 438.80 million ordinary shares were traded in 8,360 deals today as against a volume of 322.47 million traded in 7,068 deals in the previous transaction.
Turnover by value was on the downswing as it closed at N3.4.0 billion; N0.51 billion or 13.04 percent drop as against N3.91 billion worth of stocks traded last week.
Table 1
Market Statistics
|
|
Today 29/06/2009 |
Previous day 26/06/2009 |
% Change |
|
NSE All-Share Index |
26,249.28 |
25,813.55 |
1.69 |
|
Total Deals |
8,360 |
7,068 |
18.28 |
|
Volume Traded (M) |
438.80 |
322.47 |
36.07 |
|
Value Traded (N’B) |
3.40 |
3.91 |
-13.04 |
|
Turn Over Ratio % |
0.07 |
0.05 |
40.00% Change Point |
|
Mkt. Capt. (N’B) |
5,986.34 |
5,886.96 |
1.69 |
Total Plc lead the top gainers list as the stock added N6.95 or 4.11 percent to its share price to close the market at N176.00 from its opening price of N169.05. African Petroleum Plc came second on the list, having gained N4.98 or 4.99 percent as it opened and closed the day at N99.79 and N104.77 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
TOTAL |
169.05 |
176.00 |
+6.95 |
4.11 |
|
AP |
99.79 |
104.77 |
+4.98 |
4.99 |
|
GUINNESS |
125.00 |
127.55 |
+2.55 |
2.04 |
|
OANDO |
85.65 |
88.05 |
+2.40 |
2.80 |
|
BCC |
43.00 |
44.80 |
+1.80 |
4.19 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, Nestle Plc lead the table for the day as the company share price declined by N6.00 or 3.17 percent to close the market at N183.00 per share, from it opening price of N189.00. Followed on the Chart was Julius Berger Plc that lost N1.31 or 4.46 percent to close the day at N28.03 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
NESTLE |
189.00 |
183.00 |
-6.00 |
-3.17 |
|
JBERGER |
29.34 |
28.03 |
-1.31 |
-4.46 |
|
NB |
50.00 |
48.70 |
-1.30 |
-2.60 |
|
INTERCONT |
10.07 |
9.57 |
-0.50 |
-4.97 |
|
NAHCO |
9.50 |
9.03 |
-0.47 |
-4.95 |
Figure 2
Top 5 Price Losers
Trading Activities (Sectors/Individuals)
The Bank sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 256.56 million ordinary shares traded to control 58.47 percent of the aggregate volume of shares traded. The Insurance sector, with 72.86 million ordinary shares, traded trailed behind the Insurance sector which represents 16.60 percent of the total volume traded.
Figure 3
Zenith Bank Plc emerges first as the most patronized stock for the day. Investors traded 70.55 million ordinary shares to controlled 27.50 percent of the aggregate volume traded in the Banking sector and 16.07 percent of the entire market. Big Treat Plc (21.71 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
ZENITHBANNK |
13.64 |
70.55 |
|
BIGTREAT |
2.40 |
21.71 |
|
SPRINGBANK |
5.59 |
21.50 |
|
PLATINUM |
6.10 |
19.91 |
|
UBN |
17.07 |
19.75 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N2,502.78 million for a 73 percent of the aggregate traded value for the day. The Food/Beverages & Tobacco sector (N168.11 million) followed, representing 5.00 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that Zenith Bank Plc led the highest trading by value at N929.50 million today. The figure controlled 37.14 percent of total traded value in the Banking sector and 27.30 percent of the overall value traded for the whole market. Union Bank Plc (N336.29 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
ZENITHBANK |
13.64 |
929.50 |
|
UBN |
17.07 |
336.29 |
|
GUARANTY |
13.35 |
177.38 |
|
FIRSTBANK |
20.98 |
168.81 |
|
ETI |
13.80 |
144.12 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N518.74 billion today. This was followed by Nigerian Breweries Plc with N368.30 billion. Zenith bank Plc N342.60 billion, UBA Plc with N278.20 billion and Guaranty Trust Bank Plc N252.13 billion to maintained the third, fourth and fifth positions respectively.
Table 6
5 Most Capitalized Stocks
|
Stock |
Mkt. Capt. (N’B) |
% of Top 5 |
% of Total |
|
FIRSTBANK |
518.74 |
29.47 |
8.81 |
|
NB |
368.30 |
20.93 |
6.26 |
|
ZENITHBANK |
342.60 |
19.47 |
5.82 |
|
UBA |
278.20 |
15.81 |
4.73 |
|
GUARANTY |
252.13 |
14.33 |
4.28 |
|
Total |
1,759.97 |
100.00 |
29.90 |
|
Others |
4,126.99 |
|
70.10 |
|
Grand Total |
5,986.34 |
|
100 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
Term of the day
Green Investing
Investment activities that focus on companies or projects that are committed to the conservation of natural resources, the production and discovery of alternative energy sources, the implementation of clean air and water projects, and/or other environmentally conscious business practices. Pure play green investments are those that derive all or most of their revenues and profits from green activities. Green investments can also be made in companies that have other lines of business but are focusing on green-based initiatives or product lines.
Green investing can be accomplished through individual securities or through pooled investment vehicles such as mutual funds or exchange-traded funds. This style of investing is an offshoot of socially conscious investing, but neither type of investing implies investments that are safer than a market index such as the S&P 500. In fact, investing in "green" companies can be riskier than other equity strategies, as many companies in this arena are in the development stage, with low revenues and high earnings valuations.
Market Analysis 26-06-09
by Ope on June 26th, 2009
filed under Capital Market, Make Money
The Nigerian Stock Exchange (NSE) all share index which is the major barometer for the performance of the market, closed at 25,813.55 down from the opening value of 26,116.87
Also the Nigerian Stock Exchange (NSE) capitalization which measures the value of equities closed at N5,886.96 billion indicating a fall of N69.18 billion today.
Market patronage in terms of Volume of shares exchanged by investors rose by 92.26 million ordinary shares or 40.08 percent when compared with the position in the last trading day. In essence, an aggregate of 322.47 million ordinary shares were traded in 7,068 deals today as against a volume of 230.21 million traded in 4,463 deals in the previous transaction.
Turnover by Value like volume was also on the upswing as it closed at N3.91 billion; N1.30 billion or 49.81 percent rise as against N2.61 billion worth of stocks traded last week.
Table 1
Market Statistics
|
|
Today 26/06/2009 |
Previous day 25/06/2009 |
% Change |
|
NSE All-Share Index |
25,813.55 |
26,116.87 |
-1.16 |
|
Total Deals |
7,068 |
4,463 |
58.37 |
|
Volume Traded(M) |
322.47 |
230.21 |
40.08 |
|
Value Traded (N’B) |
3.91 |
2.61 |
49.81 |
|
Turn Over Ratio % |
0.05 |
0.04 |
25.00% Change Point |
|
Mkt.Capt.(N’B) |
5,886.96 |
5,956.14 |
-1.16 |
7up Plc lead the top gainers list as the stock added N1.70 or 4.96 percent to its share price to close the market at N36.00 from its opening price of N34.30. Benue Cement Company (BCC) Plc came second on the list, having gained N1.50 or 3.61 percent as it opened and closed the day at N41.50 and N43.00 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
7UP |
34.30 |
36.00 |
+1.70 |
4.96 |
|
BCC |
41.50 |
43.00 |
+1.50 |
3.61 |
|
UBN |
15.49 |
16.26 |
+0.77 |
4.97 |
|
DANGSUGAR |
15.54 |
16.25 |
+0.71 |
4.57 |
|
GUARANTY |
12.12 |
12.72 |
+0.60 |
4.95 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, Oando Plc lead the table for the day as the company share price declined by N4.74 or 5.00 percent to close the market at N90.15 per share, from it opening price of N94.89. Followed on the Chart was UACN Plc that lost N1.90 or 5.00 percent to close the day at N36.10 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
AP |
105.00 |
99.79 |
-5.21 |
4.96 |
|
OANDO |
90.15 |
85.65 |
-4.50 |
4.99 |
|
GUINNESS |
128.00 |
125.00 |
-3.00 |
2.34 |
|
FLOURMILL |
24.06 |
22.86 |
-1.20 |
4.99 |
|
UACN |
36.10 |
35.00 |
-1.10 |
3.05 |
Figure 2
Top 5 Price Losers
Trading Activities (Sectors/Individuals)
The Bank sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 231.29 million ordinary shares traded to control 71.82 percent of the aggregate volume of shares traded. The Insurance sector, with 16.50 million ordinary shares, traded trailed behind the Insurance sector which represents 5.12 percent of the total volume traded.
Figure 3
United Bank for Africa Plc emerges first as the most patronized stock for the day. Investors traded 58.20 million ordinary shares to controlled 25.16 percent of the aggregate volume traded in the Banking sector and 18.05 percent of the entire market. First Bank Plc (32.65 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
UBA |
12.30 |
58.20 |
|
FIRSTBANK |
19.99 |
32.65 |
|
ACCESS |
8.21 |
30.61 |
|
SKYEBANK |
6.12 |
19.88 |
|
GUARANTY |
12.72 |
17.33 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N2,527.84 million for a 64.66 percent of the aggregate traded value for the day. The Breweries sector (N665.95 million) followed, representing 17.03 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that United Bank for Africa Plc led the highest trading by value at N717.15 million today. The figure controlled 28.37 percent of total traded value in the Banking sector and 18.34 percent of the overall value traded for the whole market. Nigeria Breweries Plc (N634.58 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
UBA |
12.30 |
717.15 |
|
NB |
50.00 |
634.58 |
|
FIRSTBANK |
19.99 |
627.65 |
|
BCC |
43.00 |
386.82 |
|
ACCESS |
8.21 |
242.87 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N494.26 billion today. This was followed by Nigerian Breweries Plc with N378.13 billion. Zenith bank Plc N328.53 billion, UBA Plc with N265.06 billion and Guaranty Trust Bank Plc N240.23 billion to maintained the third, fourth and fifth positions respectively.
Table 6
5 Most Capitalized Stocks
|
Stock |
Mkt. Capt. (N’B) |
% of Top 5 |
% of Total |
|
FIRSTBANK |
494.26 |
28.97 |
8.40 |
|
NB |
378.13 |
22.16 |
6.42 |
|
ZENITHBANK |
328.53 |
19.25 |
5.58 |
|
UBA |
265.06 |
15.54 |
4.50 |
|
GUARANTY |
240.23 |
14.08 |
4.08 |
|
Total |
1,706.21 |
100.00 |
28.98 |
|
Others |
4,180.75 |
|
71.02 |
|
Grand Total |
5,886.96 |
|
100 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
OANDO PLC: Audited result for the year ended 31st December 2008 shows Turnover of N339,420.43 million as against N185,892.1 million in 2007. Profit after tax stood at N8,343.32 million compared with N6,343.6 million in 2007. The stock price had on August 15, 2008 been adjusted for an interim dividend of N3.00 per share, thus bringing the total gross dividend to N6.00 per share. The date of closure of register is July 6, 2009 while payment date is August 3, 2009. The Annual General Meeting is scheduled to hold at Ibom Hall, Babangida Avenue, Uyo, Akwa Ibom State on Thursday, July 30, 2009.
MAY & BAKER NIGERIA PLC: Audited result for the year ended 31st December 2008. The Board of Directors is recommending a dividend of N0.40 per share. The date of closure of register is July 16, 2009 while payment date would be advised later. The 55th Annual General Meeting is scheduled to hold at Muson Centre, Onikan, Lagos on Tuesday, July 28, 2009.
CHAMS PLC: Audited result for the year ended 31st December 2008 shows Turnover of N2,400.34 million as against N4,467.2 million in 2007. Profit after tax stood at N193.02 million compared with N799.32 million in 2007. The Board of Directors had earlier recommended a dividend of N0.03 per share. The date of closure of register is July 10, 2009 while payment date is August 3, 2009. The 26th Annual General Meeting is scheduled to hold at Plot 1288 Ahmadu Bello Way, Garki, Abuja on Friday, July 31, 2009 by 11.00a.m.
ABBEY BUILDING SOCIETY PLC: Audited result for the year ended 31st October 2008 shows Turnover of N1,164.91 million as against N630.01 million in 2007. Profit after tax stood at N189.5 million compared with N111.3 million in 2007. The Board of Directors is recommending a dividend of N0.03 per share. The date of closure of register is July 7, 2009 while payment date is July 20, 2009. The Annual General Meeting is scheduled to hold at Lagoon Restaurant, 1C Ozumba Mbadiwe Street, Victoria Island, Lagos on Thursday, July 16, 2009 by 11.00a.m.
ALUMINIUM EXTRUSION INDUSTRIES PLC: Audited result for the year ended 31st December 2008 shows Turnover of N1,311.9 million as against N1,042.4 million in 2007. Profit after tax stood at N71.45 million compared with N51.7 million in 2007. The date of closure of register is September 25, 2009. The 22nd Annual General Meeting is scheduled to hold at the Banquet Hall of Metropolitan Hotel, Murtala Mohammed Highway, Calabar, Cross River State on Friday, October 9, 2009 by 11.00a.m.
LIVESTOCK FEEDS PLC: Audited result for the year ended 31st December 2008 shows Turnover of N2,368.6 million as against N932 million in 2007. Profit after tax stood at N45.74 million compared with N34.7 million in 2007. The date of closure of register is July 16, 2009. The 45th Annual General Meeting is scheduled to hold at Lagos Airport Hotel, Ikeja Lagos on Thursday, July 23, 2009 by 11.00a.m.
NIGER INSURANCE PLC: Audited result for the year ended 31st December 2008 shows Gross Premium of N5,324.8 million as against N3,874.22 million in 2007. Profit after tax stood at N206 million compared with N657.02 million in 2007. The Board of Directors is recommending a dividend of N0.05 per share and bonus of 1 for 10. The date of closure of register is July 13, 2009 while payment date is August 10, 2009. The 39th Annual General Meeting is scheduled to hold at Tinapa Business & Leisure Resort, Adiabo, Calabar on Thursday, July 23, 2009 by 10.00a.m.
SOVEREIGN TRUST INSURANCE PLC: Audited result for the year ended 31st December 2008 shows Gross Premium of N3,811.74 million as against N2,487.75 million in 2007. Profit after tax stood at N360.8 million compared with N357.8 million in 2007.
The date of closure of register is July 13, 2009. The Annual General Meeting is scheduled to hold at AGIP Recital Hall, Muson Centre, Onikan, Lagos on Wednesday, July 15, 2009 by 11.00a.m.
SMART PRODUCTS NIGERIA PLC: Audited result for the year ended 31st December 2008 shows Turnover of N13.32 million as against N12.55 million in 2007. Profit after tax stood at N2.5 million compared with N3.9 million in 2007. The Board of Directors had earlier recommended a dividend of N0.06 per share. The date of closure of register is July 6, 2009 while payment date is July 17, 2009. The Annual General Meeting is scheduled to hold on Friday, July 17, 2009.
NIGERIAN BOTTLING COMPANY PLC: Unaudited result for the first quarter ended 31st March 2009 shows Turnover of N23,199.0 million, as against N19,364.0 million in the comparable period of 2008. Profit after tax stood at N1,054.0 million compared with N1,164.0 million in 2008.
VITAFOAM NIGERIA PLC: Unaudited result for the half year ended 31st March 2009 shows Turnover of N4,840.8 million, as against N4,107.92 million in the comparable period of 2008. Profit after tax stood at N289.9 million compared with N298.01 million in 2008.
SCOA NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N1,648.0 million, as against N1,322.0 million in the comparable period of 2007. Profit after tax stood at N406.0 million compared with N777.0 million in 2007.
CORNERSTONE INSURANCE PLC: Audited result for the year ended 31st December 2008 shows Gross Premium of N3,812.3 million as against N2,775.8 million in 2007. Loss after tax stood at N419.5 million compared with profit after tax of N325 million in 2007. The date of closure of register is July 13, 2009. The Annual General Meeting is scheduled to hold at AGIP Recital Hall, Muson Centre, Onikan, Lagos on Wednesday, July 15, 2009 by 11.00a.m.
CORNERSTONE INSURANCE PLC: Unaudited result for the first quarter ended 31st March 2009 shows Gross Premium of N1,107.6 million, as against N948.7 million in the comparable period of 2008. Profit after tax stood at N187.6 million compared with N528.93 million in 2008.
VONO PRODUCTS PLC : Unaudited result for the first quarter ended 31st March 2009 shows Turnover of N151 million, as against N169.4 million in the comparable period of 2008. Loss after tax stood at N21.23 million compared with N50.01 million in 2008.
RED STAR EXPRESS PLC: The Company informed The Exchange that the Board of Directors meeting earlier scheduled to hold Friday, June 26, 2009 would now hold on Friday, July 10, 2009 by 11.00a.m. The shift became necessary as the 2008/2009 year end audit is yet to be concluded by the auditors.
Term of the day
Break Issue: A type of stock initial public offering (IPO) that trades below the original offering price to the market within the first few months after trading begins. A break issue can be the result of poor market conditions as a whole, industry concerns or lack of demand in the new issue itself.
NSE Market Analysis 25-06-09
by Ope on June 25th, 2009
filed under Capital Market, Make Money
There are strong indications that Nigerian Banks may have directed their subsidiaries to start offloading their massive holdings in quoted stocks as a way of mitigating their exposures to the stock market and beef up assets ahead of the proposed audit by the Central Bank of Nigeria (CBN).
A review of trading summary today of the Nigerian Stock Exchange (NSE) showed that stocks are falling victims to the uncertainty that has been created by recent statement credited to the Central Bank of Nigeria (CBN) Governor; Sanusi Lamido Sanusi.
The Nigerian Stock Exchange (NSE) all share index which is the major barometer for the performance of the market, closed at 26,116.87 down from the opening value of 26,927.65
Also the Nigerian Stock Exchange (NSE) capitalization which measures the value of equities closed at N5,956.14 billion indicating a fall of N184.90 billion today.
Market patronage in terms of Volume of shares exchanged by investors dropped by 408.17 million ordinary shares or 63.94 percent when compared with the position in the last trading day. In essence, an aggregate of 230.21 million ordinary shares were traded in 4,463 deals today as against a volume of 638.38 million traded in 6,374 deals in the previous transaction.
Turnover by Value like volume was also on the downswing as it closed at N2.61 billion; N1.80 billion or 40.82 percent drop as against N4.41 billion worth of stocks traded last week.
Table 1
Market Statistics
|
|
Today 25/06/2009 |
Previous day 24/06/2009 |
% Change |
|
NSE All-Share Index |
26,116.87 |
26,927.65 |
-3.01 |
|
Total Deals |
4,463 |
6,374 |
-29.98 |
|
Volume Traded (M) |
230.21 |
638.38 |
-63.94 |
|
Value Traded (N’B) |
2.61 |
4.41 |
-40.82 |
|
Turn Over Ratio % |
0.04 |
0.10 |
-60.00% Change Point |
|
Mkt. Capt. (N’B) |
5,956.14 |
6,141.04 |
-3.01 |
Nestle Plc lead the top gainers list as the stock added N4.05 or 2.19 percent to its share price to close the market at N189.00 from its opening price of N184.95. Nigeria Breweries Plc came second on the list, having gained N2.40 or 4.98 percent as it opened and closed the day at N48.15 and N50.55 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
NESTLE |
184.95 |
189.00 |
+4.05 |
2.19 |
|
NB |
48.15 |
50.55 |
+2.40 |
4.98 |
|
GUINNESS |
127.01 |
128.00 |
+0.99 |
0.78 |
|
WAPCO |
23.75 |
24.49 |
+0.74 |
3.12 |
|
BERGER |
5.57 |
5.84 |
+0.27 |
4.85 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, Oando Plc lead the table for the day as the company share price declined by N4.74 or 5.00 percent to close the market at N90.15 per share, from it opening price of N94.89. Followed on the Chart was UACN Plc that lost N1.90 or 5.00 percent to close the day at N36.10 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
OANDO |
94.89 |
90.15 |
-4.74 |
5.00 |
|
UACN |
38.00 |
36.10 |
-1.90 |
5.00 |
|
7UP |
36.10 |
34.30 |
-1.80 |
4.99 |
|
BCC |
43.05 |
41.50 |
-1.55 |
3.60 |
|
FLOURMILL |
25.32 |
24.06 |
-1.26 |
4.98 |
Figure 2
Top 5 Price Losers
Trading Activities (Sectors/Individuals)
The Bank sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 129.81 million ordinary shares traded to control 56.39 percent of the aggregate volume of shares traded. The Insurance sector, with 35.32 million ordinary shares, traded trailed behind the Insurance sector which represented 15.34 percent of the total volume traded.
Figure 3
United Bank for Africa Plc emerges first as the most patronized stock for the day. Investors traded 50.23 million ordinary shares to controlled 38.69 percent of the aggregate volume traded in the Banking sector and 21.82 percent of the entire market. Guaranty Trust Bank Plc (19.11 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
UBA |
12.65 |
50.23 |
|
GUARANTY |
12.12 |
19.11 |
|
UBN |
15.49 |
10.97 |
|
NB |
50.55 |
10.61 |
|
DANGSUGAR |
15.54 |
9.89 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N1,482.31 million for a 56.80 percent of the aggregate traded value for the day. The Breweries sector (N546.49 million) followed, representing 20.94 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that United Bank for Africa Plc led the highest trading by value at N642.54 million today. The figure controlled 43.34 percent of total traded value in the Banking sector and 24.62 percent of the overall value traded for the whole market. Nigeria Breweries Plc (N514.64 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
UBA |
12.65 |
642.54 |
|
NB |
50.55 |
514.64 |
|
GUARANTY |
12.12 |
231.56 |
|
UBN |
15.49 |
169.95 |
|
FIRSTBANK |
19.61 |
109.42 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N484.86 billion today. This was followed by Nigerian Breweries Plc with N382.29 billion. Zenith bank Plc N345.61 billion, UBA Plc with N272.60 billion and Guaranty Trust Bank Plc N228.90 billion to maintained the third, fourth and fifth positions respectively.
Table 6
5 Most Capitalized Stocks
|
Stock |
Mkt. Capt. (N’B) |
% of Top 5 |
% of Total |
|
FIRSTBANK |
484.86 |
28.28 |
8.14 |
|
NB |
382.29 |
22.30 |
6.42 |
|
ZENITHBANK |
345.61 |
20.16 |
5.80 |
|
UBA |
272.60 |
15.90 |
4.58 |
|
GUARANTY |
228.90 |
13.35 |
3.84 |
|
Total |
1,714.26 |
100.00 |
28.78 |
|
Others |
4,241.88 |
|
71.22 |
|
Grand Total |
5,956.14 |
|
100 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
No news
Term of the day
Break Issue: A type of stock initial public offering (IPO) that trades below the original offering price to the market within the first few months after trading begins. A break issue can be the result of poor market conditions as a whole, industry concerns or lack of demand in the new issue itself.
Market Analysis for 24-06-09
by Ope on June 24th, 2009
filed under Capital Market, Make Money
A review of the overall transactions carried out today showed a decrease in the Nigerian Stock Exchange (NSE) All-share index by 983.24 points or 3.52 percent to stand at 26,927.65 points in contrast to 27,910.89 points posted in the previous transaction.
Moreover, market patronage in terms of Volume of shares exchanged by investors dropped by 285.10 million ordinary shares or 30.87 percent when compared with the position in the last trading day. In essence, an aggregate of 638.38 million ordinary shares were traded in 6,374 deals today as against a volume of 923.48 million traded in 10,137 deals in the previous transaction.
Turnover by Value like volume was also on the downswing as it closed at N4.41 billion; N0.89 billion or 16.79 percent drop as against N5.30 billion worth of stocks traded last week.
Market Capitalization of the listed 209 equities dropped by N224.24 billion or 3.52 percent to close the day at N6,141.04 billion in contrast to N6,365.28 billion in the previous trading.
Table 1
Market Statistics
|
|
Today 24/06/2009 |
Previous day 23/06/2009 |
% Change |
|
NSE All-Share Index |
26,927.65 |
27,910.89 |
-3.52 |
|
Total Deals |
6,374 |
10,137 |
-37.12 |
|
Volume Traded (M) |
638.38 |
923.48 |
-30.87 |
|
Value Traded (N’B) |
4.41 |
5.30 |
-16.79 |
|
Turn Over Ratio % |
0.10 |
0.15 |
-33.33% Change Point |
|
Mkt. Capt. (N’B) |
6,141.04 |
6,365.28 |
-3.52 |
Total Plc lead the top gainers list as the stock added N8.05 or 5.00 percent to its share price to close the market at N169.05 from its opening price of N161.00. International Breweries Plc came second on the list, having gained N0.15 or 4.97 percent as it opened and closed the day at N3.02 and N3.17 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
TOTAL |
161.00 |
169.05 |
+8.05 |
5.00 |
|
INTBREW |
3.02 |
3.17 |
+0.15 |
4.97 |
|
NEIMETH |
2.87 |
3.01 |
+0.14 |
4.88 |
|
CUTIX |
2.70 |
2.83 |
+0.13 |
4.81 |
|
FIRSTALUM |
1.52 |
1.59 |
0.07 |
4.61 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, Nestle Plc lead the table for the day as the company share price declined by N3.55 or 1.88 percent to close the market at N184.95 per share, from it opening price of N188.50. Followed on the Chart was Nigeria Breweries Plc that lost N2.39 or 4.73 percent to close the day at N48.15 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
NESTLE |
188.50 |
184.95 |
-3.55 |
1.88 |
|
NB |
50.54 |
48.15 |
-2.39 |
4.73 |
|
UACN |
40.00 |
38.00 |
-2.00 |
5.00 |
|
JBERGER |
30.88 |
29.34 |
-1.54 |
4.99 |
|
FLOURMILL |
26.65 |
25.32 |
-1.33 |
4.99 |
Figure 2
Top 5 Price Losers
Trading Activities (Sectors/Individuals)
The Bank sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 221.23 million ordinary shares traded to control 34.65 percent of the aggregate volume of shares traded. The Insurance sector, with 80.67 million ordinary shares, traded trailed behind the Insurance sector which represented 12.64 percent of the total volume traded.
Figure 3
Guaranty Trust Bank Plc emerges first as the most patronized stock for the day. Investors traded 99.13 million ordinary shares to controlled 44.81 percent of the aggregate volume traded in the Banking sector and 15.50 percent of the entire market. United Bank for Africa Plc (50.68 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
GUARANTY |
12.75 |
99.13 |
|
UBA |
13.30 |
50.68 |
|
STDINSURE |
1.62 |
34.00 |
|
DANGSUGAR |
16.35 |
16.99 |
|
EQUITYASUR |
0.76 |
15.86 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N2,602.79 million for a 59.00 percent of the aggregate traded value for the day. The Breweries sector (N412.04 million) followed, representing 9.00 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that Guaranty Trust Bank Plc led the highest trading by value at 1,286.99 million today. The figure controlled 49.44 percent of total traded value in the Banking sector and 29.17 percent of the overall value traded for the whole market. United Bank for Africa (UBA) Plc (N677.86 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
GUARANTY |
12.75 |
1,286.99 |
|
UBA |
13.30 |
677.86 |
|
DANGSUGAR |
16.35 |
278.72 |
|
NB |
48.15 |
204.71 |
|
GUINNESS |
127.01 |
203.91 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N510.33 billion today. This was followed by Nigerian Breweries Plc with N364.14 billion. Zenith bank Plc N363.70 billion, UBA Plc with N286.60 billion and Guaranty Trust Bank Plc N240.80 billion to maintained the third, fourth and fifth positions respectively.
Table 6
5 Most Capitalized Stocks
|
Stock |
Mkt. Capt. (N’B) |
% of Top 5 |
% of Total |
|
FIRSTBANK |
510.33 |
28.90 |
8.31 |
|
NB |
364.14 |
20.62 |
5.93 |
|
ZENITHBANK |
363.70 |
20.60 |
5.92 |
|
UBA |
286.60 |
16.23 |
4.67 |
|
GUARANTY |
240.80 |
13.64 |
3.92 |
|
Total |
1765.57 |
100.00 |
28.75 |
|
Others |
4,375.47 |
|
71.25 |
|
Grand Total |
6,141.04 |
|
100 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
No news
Term of the day
Break Issue: A type of stock initial public offering (IPO) that trades below the original offering price to the market within the first few months after trading begins. A break issue can be the result of poor market conditions as a whole, industry concerns or lack of demand in the new issue itself.
Market Analysis for 22-06-09
by Ope on June 22nd, 2009
filed under Capital Market, Make Money
Market activities today reflected a bearish trend as the Nigerian Stock Exchange (NSE) All-share index dropped by 282.90 points or 0.98 percent to stand at 28,627.29 points in contrast to 28,910.19 points posted in the previous transaction.
Moreover, market patronage in terms of Volume of shares exchanged by investors dropped by 29.32 million ordinary shares or 5.32 percent when compared with the position in the last trading day. In essence, an aggregate of 521.43 million ordinary shares were traded in 8,686 deals today as against a volume of 550.75 million traded in 9,582 deals in the previous transaction.
Turnover by Value was also on the downswing as it closed at N4.41 billion; N1.26 billion or 22.22 percent dropped as against N5.67 billion worth of stocks traded last week.
Market Capitalization of the listed 209 equities dropped by N64.52 billion or 0.98 percent to close the day at N6,528.66 billion in contrast to N6,593.18 billion in the previous trading.
Table 1
Market Statistics
|
|
Today 22/06/2009 |
Previous day 19/06/2009 |
% Change |
|
NSE All-Share Index |
28,627.29 |
28,910.19 |
-0.98 |
|
Total Deals |
8,686 |
9,582 |
-9.35 |
|
Volume Traded (M) |
521.43 |
550.75 |
-5.32 |
|
Value Traded (N’B) |
4.41 |
5.67 |
-22.22 |
|
Turn Over Ratio % |
0.08 |
0.08 |
0.00% Change Point |
|
Mkt. Capt. (N’B) |
6,528.66 |
6,593.18 |
-0.98 |
Oando Plc lead the top gainers list as the stock added N3.06 or 3.44 percent to its share price to close the market at N92.06 from its opening price of N89.00. West Africa Portland Cement Company Plc came second on the list, having gained N1.21 or 4.97 percent as it opened and closed the day at N24.33 and N25.54 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
OANDO |
89.00 |
92.06 |
+3.06 |
3.44 |
|
WAPCO |
24.33 |
25.54 |
+1.21 |
4.97 |
|
UACN |
41.00 |
41.90 |
+0.90 |
2.20 |
|
BCC |
40.16 |
41.02 |
+0.86 |
2.14 |
|
DANGSUGAR |
17.15 |
17.99 |
+0.84 |
4.90 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, Julius Berger Plc lead the table for the day as the company share price declined by N1.50 or 4.41 percent to close the market at N32.50 per share, from it opening price of N34.00. Followed on the Chart was Guinness Plc that lost N1.20 or 0.94 percent to close the day at N127.00 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
JBERGER |
34.00 |
32.50 |
-1.50 |
4.41 |
|
GUINNESS |
128.20 |
127.00 |
-1.20 |
0.94 |
|
NBC |
23.76 |
22.58 |
-1.18 |
4.97 |
|
FLOURMILL |
28.00 |
27.00 |
-1.00 |
3.57 |
|
UBN |
19.00 |
18.05 |
-0.95 |
5.00 |
Figure 2
Top 5 Price Losers
Trading Activities (Sectors/Individuals)
The Banking sector again emerges as the top traded Sector in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 341.10 million ordinary shares traded to control 65.42 percent of the aggregate volume of shares traded. The Insurance sector, with 78.23 million ordinary shares, traded trailed behind the Banking sector which represented 15.00 percent of the total volume traded.
Figure 3
United Bank for Africa Plc emerges first as the most patronized stock for the day. Investors traded 57.13 million ordinary shares to controlled 16.75 percent of the aggregate volume traded in the Banking sector and 10.96 percent of the entire market. Guaranty Trust Bank Plc (51.18 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
UBA |
14.39 |
57.13 |
|
GUARANTY |
13.00 |
51.18 |
|
INTERCONT |
12.34 |
45.80 |
|
UNITYBNK |
2.59 |
44.17 |
|
GUINEAINS |
0.86 |
31.20 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N3,576.54 million for a 81.12 percent of the aggregate traded value for the day. The Food/Beverages & Tobacco sector (N133.24 million) followed, representing 3.02 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that United Bank for Africa Plc led the highest trading by value at 813.25 million today. The figure controlled 22.74 percent of total traded value in the Banking sector and 18.45 percent of the overall value traded for the whole market. Guaranty Trust Bank Plc (N666.03 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
UBA |
14.39 |
813.25 |
|
GUARANTY |
13.00 |
666.03 |
|
INTERCONT |
12.34 |
553.70 |
|
FIRSTBANK |
22.20 |
280.36 |
|
UBN |
18.05 |
229.17 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N568.68 billion today. This was followed by Zenith Bank Plc with 416.95 billion. NB Plc 376.62 billion, UBA Plc with 324.96 billion and Intercontinental Bank Plc N263.70 billion to maintained the third, fourth and fifth positions respectively.
Table 6
5 Most Capitalized Stocks
|
Stock |
Mkt. Capt. (N’B) |
% of Top 5 |
% of Total |
|
FIRSTBANK |
548.90 |
28.67 |
8.41 |
|
ZENITHBANK |
402.88 |
21.04 |
6.17 |
|
NB |
402.33 |
21.01 |
6.16 |
|
UBA |
310.09 |
16.20 |
4.75 |
|
INTERCONT |
250.31 |
13.07 |
3.83 |
|
Total |
1,914.51 |
100.00 |
29.32 |
|
Others |
4,614.15 |
|
70.68 |
|
Grand Total |
6,528.66 |
|
100 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
No news
Term of the day
Closing Tick: The number of stocks which closed higher than their previous trade minus the number of stocks whose closing prices were lower than their previous trade. A positive closing tick means that there was buying at the close and indicates strength, the opposite is true for a down closing tick. Those closing higher are called an uptick, while those closing lower are a downtick.
Market Analysis for 16-06-2009
by Ope on June 16th, 2009
filed under Capital Market, Make Money
Market activities today reflected a bullish trend as the Nigerian Stock Exchange (NSE) All-share index rose by 597.66 points or 2.03 percent to stand at 30,013.26 points in contrast to 29,4150.60 points posted in the previous transaction.
Moreover, market patronage in terms of Volume of shares exchanged by investors rose by 77.82 million ordinary shares or 17.28 percent when compared with the position in the previous day. In essence, an aggregate of 528.25 million ordinary shares were traded in 11,645 deals today as against a volume of 450.43 million traded in 10,168 deals in the previous transaction.
Turnover by Value was also on the upswing as it closed at N4.63 billion; N0.78 billion or 20.18 percent rise as against N3.86 billion worth of stocks traded last week.
Market Capitalization of the listed 209 equities rose by N136.30 billion or 2.03 percent to close the day at N6,844.74 billion in contrast to N6,708.44 billion in the previous trading.
Table 1
Market Statistics
|
|
Today 16/06/2009 |
Previous day 15/06/2009 |
% Change |
|
NSE All-Share Index |
30,013.26 |
29,415.60 |
2.03 |
|
Total Deals |
11,645 |
10,168 |
14.53 |
|
Volume Traded (M) |
528.25 |
450.43 |
17.28 |
|
Value Traded (N’B) |
4,634.26 |
3,855.96 |
20.18 |
|
Turn Over Ratio % |
0.08 |
0.07 |
14.29% Change Point |
|
Mkt. Capt. (N’B) |
6,844.74 |
6,708.44 |
2.03 |
Oando Plc lead the top gainers list as the stock added N4.31 or 5.00 percent to its share price to close the market at N90.58 from its opening price of N86.27. Nestle Plc came second on the list, having gained N3.98 or 2.21 percent as it opened and closed the day at N180.01 and N183.99 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
OANDO |
86.27 |
90.58 |
+4.31 |
5.00 |
|
NESTLE |
180.01 |
183.99 |
+3.98 |
2.21 |
|
GUINNESS |
120.00 |
122.00 |
+2.00 |
1.67 |
|
BCC |
36.39 |
38.20 |
+1.81 |
4.97 |
|
FLOUMILL |
30.45 |
31.97 |
+1.52 |
4.99 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, Conoil Plc lead the table for the day as the company share price declined by N0.85 or 1.35 percent to close the market at N62.00 per share, from it opening price of N62.85. Followed on the Chart was Intercontinental Bank Plc Plc that lost N0.65 or 4.76 percent to close the day at N13.00 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
CONOIL |
62.85 |
62.00 |
-0.85 |
1.35 |
|
INTERCONT |
13.65 |
13.00 |
-0.65 |
4.76 |
|
ACCESS |
10.39 |
9.88 |
-0.51 |
4.91 |
|
WAPCO |
26.50 |
26.13 |
-0.37 |
1.40 |
|
RTRISCOE |
7.61 |
7.35 |
-0.26 |
3.42 |
Figure 2
Top 5 Price Losers
Trading Activities (Sectors/Individuals)
The Banking sector again emerges as the top traded Sector in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 270.32 million ordinary shares traded to control 51.17 percent of the aggregate volume of shares traded. The Insurance sector, with 113.35 million ordinary shares, traded trailed behind the Banking sector which represented 21.46 percent of the total volume traded.
Figure 3
Access Bank Plc emerges first as the most patronized stock for the day. Investors traded 58.94 million ordinary shares to controlled 21.8 percent of the aggregate volume traded in the Banking sector and 11.16 percent of the entire market. Dangsugar Bank Plc (41.00 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
ACCESS |
9.88 |
58.94 |
|
DANGSUGAR |
17.32 |
41.00 |
|
FIRSTBANK |
24.65 |
31.78 |
|
DIAMONDBNK |
10.39 |
27.99 |
|
GOLDINSURE |
0.57 |
24.89 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N3,038.80 million for a 65.57 percent of the aggregate traded value for the day. The Food/Beverages & Tobacco sector (N812.56 million) followed, representing 17.53 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that First Bank of Nigeria Plc led the highest trading by value at 790.89 million today. The figure controlled 26.03 percent of total traded value in the Banking sector and 17.07 percent of the overall value traded for the whole market. Dangote Sugar Plc (N704.52 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
FIRSTBANK |
24.65 |
790.89 |
|
DANGSUGAR |
17.32 |
704.52 |
|
ACCESS |
9.88 |
625.70 |
|
DIAMONDBNK |
10.39 |
283.24 |
|
UBA |
15.60 |
279.02 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N568.68 billion today. This was followed by Zenith Bank Plc with 416.95 billion. NB Plc 376.62 billion, UBA Plc with 324.96 billion and Intercontinental Bank Plc N263.70 billion to maintained the third, fourth and fifth positions respectively.
Table 6
5 Most Capitalized Stocks
|
Stock |
Mkt. Capt. (N’B) |
% of Top 5 |
% of Total |
|
FIRSTBANK |
609.48 |
30.25 |
8.90 |
|
ZENITHBANK |
426.99 |
21.20 |
6.24 |
|
NB |
378.13 |
18.77 |
5.52 |
|
UBA |
336.19 |
16.69 |
4.91 |
|
INTERCONT |
263.70 |
13.09 |
3.85 |
|
Total |
2,014.49 |
100.00 |
29.43 |
|
Others |
4,830.25 |
|
70.57 |
|
Grand Total |
6,844.74 |
|
100 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
No news
Term of the day
Green Investment: Investment activities that focus on companies or projects that are committed to the conservation of natural resources, the production and discovery of alternative energy sources, the implementation of clean air and water projects, and/or other environmentally conscious business practices.
Daily Stock Market Analysis for 9-06-09
by Ope on June 9th, 2009
filed under Capital Market, Make Money
About The Market Today 09/06/09
The bears made overriding impact in the market today as the Nigerian Stock Exchange (NSE) All-share index dropped by 598 points or 2.04 percent to stand at 28,674.60 points in contrast to 29,272.60 points posted in the previous transaction.
Moreover, market patronage in terms of Volume of shares exchanged by investors rose by 125.21 million ordinary shares or 35.18 percent when compared with the position in the previous day. In essence, an aggregate of 481.11 million ordinary shares were traded in 12,374 deals today as against a volume of 355.90 million traded in 11,058 deals in yesterday trading.
Turnover by Value was on the upswing today as it closed at N3.46 billion; a N0.51 billion or 17.23 percent rise as against N2.95 billion worth of stocks traded yesterday.
Market Capitalization of the listed 207 equities dropped by N27.56 billion or 0.41 percent to close the day at N6,539.45 billion in contrast to N6,567.01 billion in the previous trading.
Table 1
Market Statistics
| Today
09/06/2009 |
Previous day
08/06/2009 |
%
Change |
|
| NSE All-Share Index | 28,674.60 | 29,272.60 | -2.04 |
| Total Deals | 12,374 | 11,058 | 11.90 |
| Volume Traded(M) | 481.11 | 355.90 | 35.18 |
| Value Traded(N’B) | 3,455.81 | 2,947.81 | 17.23 |
| Turn Over Ratio % | 0.07 | 0.01 | 600% Change Point |
| Mkt. Capt. (N’B) | 6,539.45 | 6,567.01 | -0.41 |
7up Plc lead the top gainers list as the stock added N1.09 or 2.80 percent to its share price to close the market at N40.00 from its opening price of N38.91. UACN Plc came second on the list, having gained N1.00 or 2.60 percent as it opened and closed the day at N38.50 and N39.50 respectively.
Table 2
| Stock | Opening Price
(N:K) |
Closing Price
(N:K) |
Absolute Change
(N:K) |
% rise |
| 7UP | 38.91 | 40.00 | +1.09 | 2.80 |
| UACN | 38.50 | 39.50 | +1.00 | 2.60 |
| NESTLE | 183.00 | 183.99 | +0.99 | 0.54 |
| UBN | 15.90 | 16.69 | +0.79 | 4.97 |
| NB | 49.05 | 49.81 | +0.76 | 1.55 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, Oando Plc lead the table for the day as the company share price declined by N4.01 or 4.24 percent to close the market at N90.49 per share, from it opening price of N94.50. Followed on the Chart was Guinness Plc that lost N2.01 or 1.68 percent to close the day at N117.99 per share.
Table 3
| Stock | Opening Price
(N:K) |
Closing Price
(N:K) |
Absolute Change
(N:K) |
% drop |
| OANDO | 94.50 | 90.49 | -4.01 | 4.24 |
| GUINNESS | 120.00 | 117.99 | -2.01 | 1.68 |
| CONOIL | 59.00 | 57.02 | -1.98 | 3.36 |
| JBERGER | 39.58 | 37.61 | -1.97 | 4.98 |
| FLOURMILL | 32.42 | 31.00 | -1.42 | 4.38 |
Figure 2
Top 5 Price Losers
Trading Activities (Sectors/Individuals)
The Banking sector again emerges as the top traded Sector in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 193.87 million ordinary shares traded to control largely 40.30 percent of the aggregate volume of shares traded. The Insurance sector, with 188.22 million ordinary shares, traded trailed behind the Banking sector which represented 39.12 percent of the total volume traded.
Figure 3
Gold Link Insurance Plc emerges first as the most patronized stock for the day. Investors traded 101.48 million ordinary shares to controlled 21.19 percent of the aggregate volume traded in the Banking sector and 12.38 percent of the entire market. First City Monument Bank Plc (30.15 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
| Stock | Price
(N: K) |
Volume
(M) |
Value
(N’M) |
| GOLDINSURE | 0.61 | 101.48 | 61.53 |
| FIRSTBANK | 22.10 | 31.64 | 696.76 |
| ACCESS | 10.10 | 24.79 | 253.22 |
| UBA | 15.01 | 16.98 | 249.81 |
| FCMB | 8.69 | 13.64 | 119.72 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N2,261.26 million for a 65.43 percent of the aggregate traded value for the day. The Breweries sector (N257.57 million) followed, representing 7.45 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that First Bank Plc led the highest trading by value at 696.76 million today. The figure controlled 30.81 percent of total traded value in the Banking sector and 20.16 percent of the overall value traded for the whole market. Access Bank Plc (N253.22 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
| Stock | Price
(N:K) |
Value
(N’M) |
| FIRSTBANK | 22.10 | 696.76 |
| ACCESS | 10.10 | 253.22 |
| UBA | 15.01 | 249.81 |
| GUARANTY | 12.90 | 153.66 |
| ETI | 12.50 | 149.99 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N546.43 billion today. This was followed by Nigeria Breweries Plc with 376.69 billion. United Bank for Africa Plc 323.45billion, Zenith Bank Plc with 292.87 billion and Dangote Sugar Plc N236.76 billion to maintained the third, fourth and fifth positions respectively.
Table 6
5 Most Capitalized Stocks
| Stock | Mkt. Capt. (N’B) | % of Top 5 | % of Total |
| FIRSTBANK | 546.43 | 30.76 | 8.36 |
| NB | 376.69 | 21.21 | 5.76 |
| UBA | 323.45 | 18.21 | 4.95 |
| ZENITHBANK | 292.87 | 16.49 | 4.48 |
| DANGSUGAR | 236.76 | 13.33 | 3.62 |
| Total | 1,776.20 | 100.00 | 27.16 |
| Others | 4,763.25 | 72.84 | |
| Grand Total | 6,539.45 | 100.00 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
Term for the Day
Capital Share: The class of shares offered by a dual-purpose fund that has opportunity for capital appreciation but does not offer the holder any portion of the fixed income earned within the portfolio. Capital shares typically attract investors that are looking more for capital growth than for income growth as profits are made only if the stocks increase in price.
Daily Stock Market Analysis of 5th May 09
by Ope on June 5th, 2009
filed under Capital Market, Make Money
Investors may have resumed another round of profit taking activity in the capital market, which resulted in the lowering of market indicators.
For three consecutive days, market indices have been on the slide as many stocks were depreciated in value. This trend is quite visible in the banking sub-sector which had been the prime driver of the bullish trend witnessed in the recent past.
The Nigerian Stock Exchange (NSE) All-share index today dropped by 1,345.91 points or 4.56 percent to stand at 28,168.89 points in contrast to 29,514.80 points posted in yesterday’s transaction.
Moreover, market patronage in terms of Volume of shares exchanged by investors rose by 5.29 million ordinary shares or 1.06 percent when compared with the position in the preceding day. In essence, an aggregate of 500.52 million ordinary shares were traded in 10,955 deals today as against a volume of 500.23 million traded in 15,060 deals in yesterday trading.
Turnover by Value was on the downswing today as it closed at N3.61 billion; a N1.08 billion or 23.03 percent dropped as against N4.69 billion worth of stocks traded yesterday.
Market Capitalization of the listed 207 equities dropped by N96.09 billion or 1.43 percent to close the day at N6,621.34 billion in contrast to N6,717.43 billion in yesterday trading.
Table 1
Market Statistics
| Today
05/06/2009 |
Yesterday
04/06/2009 |
%
Change |
|
| NSE All-Share Index | 28,168.89 | 29,514.80 | -4.56 |
| Total Deals | 10,955 | 15,060 | -27.26 |
| Volume Traded (M) | 505.52 | 500.23 | 1.06 |
| Value Traded (N’B) | 3.61 | 4.69 | -23.03 |
| Turn Over Ratio % | 0.07 | 0.07 | 0.00% Change Point |
| Mkt. Capt. (N’B) | 6,621.34 | 6,717.43 | -1.43 |
Chevron Plc lead the top gainers list as the stock added N4.74 or 5.00 percent to its share price to close the market at N99.55 from its opening price of N94.81. Nigeria Breweries Plc came second on the list, having gained N2.30 or 4.60 percent as it opened and closed the day at N50.00 and N52.30 respectively.
Table 2
| Stock | Opening
Price (N:K) |
Closing
Price (N:K) |
Absolute Change
(N:K) |
% rise |
| CHEVRON | 94.81 | 99.55 | +4.74 | 5.00 |
| OANDO | 86.45 | 90.00 | +3.55 | 4.11 |
| GCAPPA | 20.68 | 21.71 | +1.03 | 4.98 |
| FIRSTBANK | 21.65 | 22.48 | +0.83 | 3.83 |
| GUARANTY | 13.18 | 13.75 | +0.57 | 4.32 |
Figure 1
Top 5 Price Gainers
On the losers’ chart, Guinness Nigeria Plc lead the table for the day as the company share price declined by N5.00 or 4.20 percent to close the market at N120.00 per share, from it opening price of N115.00. Followed on the Chart was Nestle Plc that lost N5.00 or 2.75 percent to close the day at N177.00 per share.
Table 3
| Stock | Opening
Price (N:K) |
Closing
Price (N:K) |
Absolute Change
(N:K) |
% drop |
| GUINNESS | 120.00 | 115.00 | -5.00 | 4.17 |
| NESTLE | 182.00 | 177.00 | -5.00 | 2.75 |
| NB | 52.30 | 49.69 | -2.61 | 4.99 |
| JBERGER | 43.85 | 41.66 | -2.19 | 4.99 |
| FLOURMILL | 35.91 | 34.12 | -1.79 | 4.98 |
Figure 2
Top 5 Price Losers
Trading Activities (Sectors/Individuals)
The Banking sector again emerges as the top traded Sector in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 295.22 million ordinary shares traded to control largely 58.40 percent of the aggregate volume of shares traded. The Insurance sector, with 83.36 million ordinary shares, traded trailed behind the Banking sector which represented 16.49 percent of the total volume traded.
Figure 3
Access Bank Plc emerges first as the most patronized stock for the day. Investors traded 62.56 million ordinary shares to controlled 21.19 percent of the aggregate volume traded in the Banking sector and 12.38 percent of the entire market. First City Monument Bank Plc (30.15 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
| Stock | Price
(N: K) |
Volume
(M) |
Value
(N’M) |
| ACCESS | 9.69 | 62.56 | 577.19 |
| FCMB | 8.90 | 30.15 | 251.03 |
| GUARANTY | 13.75 | 23.17 | 301.28 |
| WEMABANK | 3.88 | 22.72 | 88.41 |
| CHAMS | 1.44 | 22.71 | 32.11 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N2,841.84 million for a 78.78 percent of the aggregate traded value for the day. The Conglomerates sector (N204.29 million) followed, representing 5.66 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that Access Bank Plc lead the highest trading by value at N577.19 million today. The figure controlled 20.31 percent of total traded value in the Banking sector and 16.00 percent of the overall value traded for the whole market. First Bank of Nigeria Plc (N449.89 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
| Stock | Price
(N:K) |
Volume(M) | Value
(N’M) |
| ACCESS | 9.69 | 62.56 | 577.19 |
| FIRSTBANK | 22.48 | 20.29 | 449.89 |
| GUARANTY | 13.75 | 23.17 | 301.28 |
| FCMB | 8.90 | 30.15 | 251.03 |
| ZENITH | 17.46 | 11.17 | 195.06 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N555.83 billion today. This was followed by Nigeria Breweries Plc with 375.78 billion. United Bank for Africa Plc 324.32 billion, Zenith Bank Plc with 292.36 billion and Dangote Sugar Plc N262.20 billion to maintained the third, fourth and fifth positions respectively.
Table 6
5 Most Capitalized Stocks
| Stock | Mkt. Capt.
(N’B) |
% of Top 5 | % of Total |
| FIRSTBANK | 555.83 | 30.70 | 8.39 |
| NB | 375.78 | 20.76 | 5.68 |
| UBA | 324.32 | 17.91 | 4.90 |
| ZENITHBANK | 292.36 | 16.15 | 4.42 |
| DANGSUGAR | 262.20 | 14.48 | 3.96 |
| Total | 1,810.49 | 100.00 | 27.34 |
| Others | 4,810.85 | 72.66 | |
| Grand Total | 6,621.34 | 100.00 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
JULIUS BERGER NIGERIA PLC: Audited result for the year ended 31st December 2008 shows Turnover of N114,028.62 million as against N79,073.9 million in 2007. Profit after tax stood at N2,508.3 million compared with N1,768.25 million in 2007. The Board of Directors is recommending a dividend of N1.75 per share. The date of closure of register of members is August 4, 2009 while payment date is August 18, 2009. The Annual General Meeting is scheduled to hold at Abuja FCT on Tuesday, August 18, 2009 by 11.00a.m.
DANGOTE SUGAR REFINERY PLC: Audited result for the year ended 31st December 2008 shows Turnover of N80,671.4 million as against N80,649.44 million in 2007. Profit after tax stood at N21,871.05 million compared with N21,478.56 million in 2007. The Board of Directors is recommending a final dividend of N0.35 per share. The date of closure of register of members is June 17, 2009 while payment date is July 3, 2009. The stock price had on August 29, 2008 been adjusted for an interim dividend of N0.85 per share, thus bringing the total gross dividend to N1.20 per share. The 3rd Annual General Meeting is scheduled to hold at the Silver Motel, Yola, Adamawa State on Tuesday, June 30, 2009 by 11.00a.m.
ASHAKA CEMENT PLC: Audited result for the year ended 31st December 2008 shows Turnover of N21,378.2 million as against N16,473.95 million in 2007. Profit after tax stood at N2,070.05 million compared with N1,603.5 million in 2007. The Board of Directors is recommending a dividend of N0.30 per share. The date of closure of register of members is July 13, 2009 while payment date is July 24, 2009. The Annual General Meeting is scheduled to hold on Thursday, July 23, 2009.
Term for the Day
Buck The Trend
When a security or a class of assets sees its market-driven price move in the opposite direction of the broad market or its competition. The move could be in either direction, but generally occurs as a result of good performance in the face of negative broad market performance.
The meaning is often extrapolated out from just asset prices to business and market fluctuations. If a company is recording increased sales while its competitors lose business, that company would be “bucking the trend”.
Daily Stock Market Analysis for 4-06-09
by Ope on June 4th, 2009
filed under Capital Market, Make Money
DAILY STOCK MARKET WATCH
(About The Market Today 04/06/09)
More profit takers (Investors selling to realize part of price growth recorded by stocks) thronged the stock market today and halted the bull run witnessed in the past weeks.
Market operators said the arrival of the profit takers was expected, given the fast recovery some of the stocks had made.
The overall transactions traded today shows that The Nigerian Stock Exchange (NSE) All-share index dropped by 678.62 points or 2.24 percent to stand at 29,514.80 points in contrast to 30,193.42 points posted in yesterday’s transaction.
Moreover, market patronage in terms of Volume of shares exchanged by investors dropped by 355.79 million ordinary shares or 41.56 percent when compared with the position in the preceding day. In essence, an aggregate of 500.23 million ordinary shares were traded in 15,060 deals today as against a volume of 856.02 million traded in 14,284 deals in yesterday trading.
Turnover by Value was on the downswing today as it closed at N4.69 billion; a N2.11 billion or 31.03 percent dropped as against N6.80 billion worth of stocks traded yesterday.
Market Capitalization of the listed 207 equities dropped by N154.45 billion or 2.25 percent to close the day at N6,717.43 billion in contrast to N6,871.88 billion in yesterday trading.
Table 1
Market Statistics
| Today
04/06/2009 |
Yesterday
03/06/2009 |
%
Change |
|
| NSE All- Share Index | 29,514.80 | 30,193.42 | -2.24 |
| Total Deals | 15,060 | 14,284 | 5.43 |
| Volume Traded (M) | 500.23 | 856.02 | -41.56 |
| Value Traded (N’B) | 4.69 | 6.80 | -31.03 |
| Turn Over Ratio % | 0.07 | 0.12 | -41.67% Change Point |
| Mkt. Capt. (N’B) | 6,717.43 | 6,871.88 | -2.25 |
Total Plc lead the top gainers list as the stock added N7.50 or 5.00 percent to its share price to close the market at N157.50 from its opening price of N150.00. Nigeria Breweries Plc came second on the list, having gained N2.30 or 4.60 percent as it opened and closed the day at N50.00 and N52.30 respectively.
Table 2
| Stock | Opening
Price (N:K) |
Closing
Price (N:K) |
Absolute Change
(N:K) |
% rise |
| TOTAL | 150.00 | 157.50 | +7.50 | 5.00 |
| NB | 50.00 | 52.30 | +2.30 | 4.60 |
| JBERGER | 41.77 | 43.85 | +2.08 | 4.98 |
| UNILEVER | 13.98 | 14.67 | +0.69 | 4.94 |
| ETI | 11.07 | 11.62 | +0.55 | 4.97 |
Figure 1
Top 5 Price Gainers
On the losers’ chart, Oando Plc again lead the table for the day as the company share price declined by N4.55 or 4.20 percent to close the market at N86.45 per share, from it opening price of N91.00. Followed on the Chart was Conoil Plc that lost N2.50 or 4.98 percent to close the day at N60.00 per share.
Table 3
| Stock | Opening
Price (N:K) |
Closing
Price (N:K) |
Absolute Change
(N:K) |
% drop |
| OANDO | 91.00 | 86.45 | -4.55 | 5.00 |
| CONOIL | 62.50 | 60.00 | -2.50 | 4.00 |
| MOBIL | 110.00 | 107.50 | -2.50 | 2.27 |
| NESTLE | 183.99 | 182.00 | -1.99 | 1.08 |
| NBC | 28.50 | 27.08 | -1.42 | 4.98 |
Figure 2
Top 5 Price Losers
Trading Activities (Sectors/Individuals)
The Banking sector again emerges as the top traded Sector in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 252.89 million ordinary shares traded to control largely 50.55 percent of the aggregate volume of shares traded. The Insurance sector, with 131.92 million ordinary shares, traded trailed behind the Banking sector which represented 26.36 percent of the total volume traded.
Figure 3
Zenith Bank Plc emerges first as the most patronized stock for the day. Investors traded 48.08 million ordinary shares to controlled 19.01 percent of the aggregate volume traded in the Banking sector and 9.61 percent of the entire market. Platinum Bank Plc (35.55 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
| Stock | Price
(N: K) |
Volume
(M) |
Value
(N’M) |
| ZENITHBANK | 26.20 | 48.08 | 1,265.34 |
| PLATINUM | 9.79 | 35.55 | 332.17 |
| EQUITASUR | 0.94 | 27.24 | 26.00 |
| FIRSTBANK | 21.65 | 27.01 | 589.05 |
| SKYEBANK | 7.15 | 23.33 | 159.95 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N3,485.07 million for a 74.38 percent of the aggregate traded value for the day. The Food/Beverages & Tobacco sector (N341.63 million) followed, representing 7.29 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that Zenith Bank Plc lead the highest trading by value at N1,157.88 million today. The figure controlled 25.11 percent of total traded value in the Banking sector and 16.50 percent of the overall value traded for the whole market. Ecobank Transnational Incorporated Plc (N389.19 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
| Stock | Price
(N:K) |
Volume(M) | Value
(N’M) |
| ZENITH | 26.20 | 48.08 | 1,265.34 |
| FIRSTBNK | 21.65 | 27.01 | 589.05 |
| PLATINUM | 9.79 | 35.55 | 332.17 |
| UBA | 15.80 | 17.28 | 273.83 |
| NB | 52.30 | 4.13 | 209.29 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N535.30 billion today. This was followed by Zenith Bank Plc with 438.71 billion. Nigeria Breweries Plc N395.52 billion, United Bank for Africa Plc 340.48 billion and Dangote Sugar Plc N275.88 billion to maintained the third, fourth and fifth positions respectively.
Table 6
5 Most Capitalized Stocks
| Stock | Mkt. Capt.
(N’B) |
% of Top 5 | % of Total |
| FIRSTBANK | 535.30 | 26.96 | 7.97 |
| ZENITHBANK | 438.71 | 22.09 | 6.53 |
| NB | 395.52 | 19.92 | 5.89 |
| UBA | 340.48 | 17.14 | 5.07 |
| DANGSUGAR | 275.88 | 13.89 | 4.11 |
| Total | 1,985.89 | 100.00 | 29.56 |
| Others | 4731.54 | 70.44 | |
| Grand Total | 6,717.43 | 100.00 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
No News for today
Term for the Day