Market Analysis for 9-07-09
by Ope on July 10th, 2009
filed under Capital Market, Make Money
The Nigerian Stock Exchange All share index today again dropped by 370.75 to closed at 25,658.14.
Moreover, Market capitalization closed at N5,881.30 billion compared to N5,961.82 in yesterday trading.
Market patronage in terms of Volume of shares exchanged by investors dropped by 671.80 million ordinary shares or 65.14 percent when compared with the position in the last trading day. In essence, an aggregate of 359.57 million ordinary shares were traded in 8,528 deals today as against a volume of 1,031.37 million traded in 8,686 deals in the previous transaction.
Turnover by value was on the downswing like volume as it closed at N2.83 billion; N0.98 billion or 25.72 percent drop as against N3.81 billion worth of stocks traded in the previous trading day.
Table 1
Market Statistics
|
|
Today 09/07/2009 |
Previous day 08/07/2009 |
% Change |
|
NSE All-Share Index |
25,658.14 |
26,028.89 |
-1.42 |
|
Total Deals |
8,528 |
8,686 |
-1.82 |
|
Volume Traded (M) |
359.57 |
1,031.37 |
-65.14 |
|
Value Traded (N’B) |
2.83 |
3.81 |
-25.72 |
|
Turn Over Ratio % |
0.06 |
0.17 |
-64.71% Change Point |
|
Mkt. Capt. (N’B) |
5,881.30 |
5,961.82 |
-1.35 |
Benue Cement Company Plc lead the top gainers list again as the stock added N1.50 or 3.95 percent to its share price to close the market at N39.50 from its opening price of N38.00. Eco Bank Transnational Incorporated (ETI) Plc came second on the list, having gained N0.51 or 3.40 percent as it opened and closed the day at N14.98 and N15.49 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
BCC |
38.00 |
39.50 |
+1.50 |
3.95 |
|
ETI |
14.98 |
15.49 |
+0.51 |
3.40 |
|
WAPCO |
28.00 |
28.40 |
+0.40 |
1.43 |
|
NESTLE |
178.00 |
178.27 |
+0.27 |
0.15 |
|
NAHCO |
8.09 |
8.30 |
+0.21 |
2.60 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, Guinness Plc lead the table for the day as the company share price declined by N4.90 or 3.65 percent to close the market at N129.50 per share, from it opening price of N134.40. Followed on the Chart was Oando Plc that lost N2.39 or 2.73 percent to close the day at N85.12 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
GUINNESS |
134.40 |
129.50 |
-4.90 |
-3.65 |
|
OANDO |
87.51 |
85.12 |
-2.39 |
-2.73 |
|
CAP |
34.33 |
32.62 |
-1.71 |
-4.98 |
|
JBERGER |
33.85 |
32.16 |
-1.69 |
-4.99 |
|
UACN |
39.00 |
37.50 |
-1.50 |
-3.85 |
Figure 2
Top 5 Price Losers
Trading Activities (Sectors/Individuals)
The Banking sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 236.78 million ordinary shares traded to control 65.85 percent of the aggregate volume of shares traded. The Insurance sector, with 54.13 million ordinary shares, traded trailed behind the Insurance sector which represents 15.05 percent of the total volume traded.
Figure 3
Zenith Bank Plc emerges first as the most patronized stock for the day. Investors traded 51.75 million ordinary shares to controlled 21.86 percent of the aggregate volume traded in the Banking sector and 14.39 percent of the entire market. Wema Bank Plc (37.55 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
ZENITHBANK |
12.65 |
51.75 |
|
WEMABANK |
3.12 |
37.55 |
|
INTERCONT |
7.20 |
25.92 |
|
ACCESS |
6.90 |
22.70 |
|
GOLDINS |
0.50 |
16.20 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N2,155.08 million for a 76.18 percent of the aggregate traded value for the day. The Breweries sector (N176.10 million) followed, representing 6.22 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that Zenith Bank Plc led the highest trading by value at N658.99 million today. The figure controlled 30.58 percent of total traded value in the Banking sector and 23.29 percent of the overall value traded for the whole market. First Bank Plc (N298.53 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
ZENITHBANK |
12.65 |
658.99 |
|
FIRSTBANK |
20.00 |
298.53 |
|
GUARANTY |
13.90 |
184.63 |
|
INTERCONT |
7.20 |
182.52 |
|
NB |
50.00 |
167.59 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N494.51 billion today. This was followed by Nigerian Breweries Plc with N378.13 billion. Zenith Bank Plc N317.73 billion, UBA Plc with N284.45 billion and Guaranty Trust Bank Plc N262.52 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 |
494.51 |
28.46 |
8.41 |
|
NB |
378.13 |
21.76 |
6.43 |
|
ZENITHBANK |
317.73 |
18.29 |
5.40 |
|
UBA |
284.45 |
16.37 |
4.84 |
|
GUARANTY |
262.52 |
15.11 |
4.46 |
|
Total |
1,737.34 |
100 |
29.54 |
|
Others |
4,143.96 |
|
70.46 |
|
Grand Total |
5,881.30 |
|
100.00 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
Term of the day
Appraisal Right:
The right of shareholders to demand the fair payment of securities undergoing a merger by a third party valuator
It’s a protection policy for shareholders, preventing corporations involved in the merger from paying less than the company is worth to the shareholder.
NSE Market Analysis for 8th July 2009
by Ope on July 8th, 2009
filed under Capital Market, Make Money
About The Market Today 08/07/09
Trading activities resumed fully at the \Nigerian Stock market yesterday, a day after power outage led to a 30 minutes trading session. A change in the source of power supply by the Nigerian Stock Exchange (NSE) damaged its control panel last Saturday.
However, trading resumed in full scale yesterday and today. But the bears swooped on highly capitalized stocks thereby depressing the market capitalization of the NSE by N5.16 billion to close at N5,961.82 billion.
Similarly, the NSE All share index closed lower at 26,028.89.
Market patronage in terms of Volume of shares exchanged by investors rose by 682.38 million ordinary shares or 195.53 percent when compared with the position in the last trading day. In essence, an aggregate of 1,031.37 million ordinary shares were traded in 8,686 deals today as against a volume of 348.99 million traded in 11,168 deals in the previous transaction.
Turnover by value was on the upswing like volume as it closed at N3.81 billion; N0.49 billion or 14.76 percent rise as against N3.32 billion worth of stocks traded in the previous trading day.
Table 1
Market Statistics
|
|
Today 08/07/2009 |
Previous day 07/07/2009 |
% Change |
|
NSE All-Share Index |
26,028.89 |
26,164.42 |
-0.52 |
|
Total Deals |
8,686 |
11,168 |
-22.22 |
|
Volume Traded (M) |
1,031.37 |
348.99 |
195.53 |
|
Value Traded (N’B) |
3.81 |
3.32 |
14.76 |
|
Turn Over Ratio % |
0.17 |
0.06 |
183.33% Change Point |
|
Mkt. Capt. (N’B) |
5,961.82 |
5,966.98 |
-0.09 |
Guinness Nigeria Plc lead the top gainers list again as the stock added N6.40 or 5.00 percent to its share price to close the market at N134.40 from its opening price of N128.00. Benue Cement Company (BCC) Plc came second on the list, having gained N1.40 or 3.830 percent as it opened and closed the day at N36.60 and N38.00 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
GUINNESS |
128.00 |
134.40 |
+6.40 |
5.00 |
|
BCC |
36.60 |
38.00 |
+1.40 |
3.83 |
|
NBC |
23.61 |
24.79 |
+1.18 |
5.00 |
|
NB |
49.00 |
50.00 |
+1.00 |
2.04 |
|
PZ |
18.32 |
19.23 |
+0.91 |
4.97 |
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 N8.75 or 5.00 percent to close the market at N166.25 per share, from it opening price of N175.00. Followed on the Chart was African Petroleum Plc that lost N4.50 or 5.00 percent to close the day at N85.51 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
TOTAL |
175.00 |
166.25 |
-8.75 |
-5.00 |
|
AP |
90.01 |
85.51 |
-4.50 |
-5.00 |
|
OANDO |
89.00 |
87.51 |
-1.49 |
-1.67 |
|
ETERNAOIL |
25.35 |
24.09 |
-1.26 |
-4.97 |
|
UACN |
39.90 |
39.00 |
-0.90 |
-2.26 |
Figure 2
Top 5 Price Losers
Trading Activities (Sectors/Individuals)
The Insurance sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 313.87 million ordinary shares traded to control 30.43 percent of the aggregate volume of shares traded. The Banking sector, with 250.03 million ordinary shares, traded trailed behind the Insurance sector which represents 24.24 percent of the total volume traded.
Figure 3
Gold Linking Insurance Plc emerges first as the most patronized stock for the day. Investors traded 243.19 million ordinary shares to controlled 77.48 percent of the aggregate volume traded in the Insurance sector and 23.58 percent of the entire market. CAP Plc (200.01 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
GOLDINSURE |
0.50 |
243.19 |
|
CAPOIL |
34.33 |
200.01 |
|
ABBEYBDS |
2.37 |
184.24 |
|
ZENITHBANK |
13.25 |
42.47 |
|
WEMABANK |
3.26 |
31.18 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N2,158.70 million for a 56.63 percent of the aggregate traded value for the day. The Mortgage Companies sector (N438.65 million) followed, representing 11.51 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that Zenith Bank Plc led the highest trading by value at N566.09 million today. The figure controlled 26.22 percent of total traded value in the Banking sector and 14.85 percent of the overall value traded for the whole market. Abbey Building Society Plc (N436.65 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
ZENITHBANK |
13.25 |
566.09 |
|
ABBEYBDS |
2.37 |
436.65 |
|
FIRSTBANK |
20.51 |
346.59 |
|
UBA |
13.21 |
302.22 |
|
ACCESS |
6.80 |
191.45 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N507.12 billion today. This was followed by Nigerian Breweries Plc with N378.13 billion. Zenith Bank Plc N332.80 billion, UBA Plc with N284.67 billion and Guaranty Trust Bank Plc N260.82 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 |
507.12 |
28.76 |
8.51 |
|
NB |
378.13 |
21.44 |
6.34 |
|
ZENITHBANK |
332.80 |
18.87 |
5.58 |
|
UBA |
284.67 |
16.14 |
4.77 |
|
GUARANTY |
260.82 |
14.79 |
4.37 |
|
Total |
1,763.54 |
100 |
29.58 |
|
Others |
4,198.28 |
|
70.42 |
|
Grand Total |
5,961.82 |
|
100.00 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
Term of the day
CULT STOCKS:
A classification describing stocks that have a sizable investor following, despite the fact that the underlying company has somewhat insignificant fundamentals. Typically, investors are initially attracted to the company’s potential and accumulate positions in speculation that its potential will be fulfilled, providing the investors with a substantial payout.
While most of these cult stocks promise they will be the next big story after they make a new discovery or get the newest contract from the government, most do not provide investors with anything other than the story. Furthermore, these stocks typically generate very little, if any, revenue at all.
Market Analysis of 7th July 2009
by Ope on July 7th, 2009
filed under Capital Market, Make Money
About The Market Today 07/07/09
Market Capitalization closed at N5,966.98 billion from N6,177.29 indicating a dropped of N210.31 billion.
Similarly, the all share index dropped by 922.14 to close at 26,164.42 points from 27,086.56.
Market patronage in terms of Volume of shares exchanged by investors dropped by 35.86 million ordinary shares or 9.32 percent when compared with the position in the last trading day. In essence, an aggregate of 348.99 million ordinary shares were traded in 11,168 deals today as against a volume of 384.85 million traded in 8,549 deals in the previous transaction.
Turnover by value was on the downswing like volume as it closed at N3.32 billion; N0.08 billion or 2.35 percent drop as against N3.40 billion worth of stocks traded in the previous trading day.
Table 1
Market Statistics
|
|
Today 07/07/2009 |
Previous day 03/07/2009 |
% Change |
|
NSE All-Share Index |
26,164.42 |
27,086.56 |
-3.40 |
|
Total Deals |
11,168 |
8,549 |
30.64 |
|
Volume Traded (M) |
348.99 |
384.85 |
-9.32 |
|
Value Traded(N’B) |
3.32 |
3.40 |
-2.35 |
|
Turn Over Ratio % |
0.06 |
0.06 |
0.00% Change Point |
|
Mkt. Capt. (N’B) |
5,966.98 |
6,177.29 |
-3.40 |
Guinness Nigeria Plc lead the top gainers list again as the stock added N2.94 or 2.35 percent to its share price to close the market at N128.00 from its opening price of N125.06. Nigerian Bottling Company Plc came second on the list, having gained N1.12 or 4.98 percent as it opened and closed the day at N22.49 and N23.61 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
GUINNESS |
125.06 |
128.00 |
+2.94 |
2.35 |
|
NBC |
22.49 |
23.61 |
+1.12 |
4.98 |
|
WAPCO |
26.77 |
27.75 |
+0.98 |
3.66 |
|
UNILEVER |
13.50 |
14.17 |
+0.67 |
4.96 |
|
DANGSUGAR |
17.78 |
18.45 |
+0.67 |
3.77 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, First Bank of Nigeria Plc lead the table for the day as the company share price declined by N1.09 or 4.95 percent to close the market at N20.91 per share, from it opening price of N22.00. Followed on the Chart was Nigeria Breweries Plc that lost N1.00 or 2.00 percent to close the day at N49.00 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
FIRSTBANK |
22.00 |
20.91 |
-1.09 |
-4.95 |
|
NB |
50.00 |
49.00 |
-1.00 |
-2.00 |
|
PZ |
19.21 |
18.32 |
-0.89 |
-4.63 |
|
UBN |
17.65 |
16.78 |
-0.87 |
-4.93 |
|
ZENITHBANK |
14.67 |
13.94 |
-0.73 |
-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 217.33 million ordinary shares traded to control 62.27 percent of the aggregate volume of shares traded. The Insurance sector, with 51.71 million ordinary shares, traded trailed behind the Insurance sector which represents 14.82 percent of the total volume traded.
Figure 3
Zenith Bank Plc emerges first as the most patronized stock for the day. Investors traded 37.76 million ordinary shares to controlled 17.37 percent of the aggregate volume traded in the Banking sector and 10.82 percent of the entire market. United Bank for Africa Plc (25.99 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
ZENITHBANK |
13.94 |
37.76 |
|
UBA |
12.83 |
25.99 |
|
FIRSTBANK |
20.91 |
24.84 |
|
GUARANTY |
13.76 |
24.44 |
|
ACCESS |
6.91 |
17.33 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N2,427.82 million for a 73.04 percent of the aggregate traded value for the day. The Breweries sector (N209.63 million) followed, representing 6.31 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that First Bank Plc led the highest trading by value at N530.45 million today. The figure controlled 21.85 percent of total traded value in the Banking sector and 15.96 percent of the overall value traded for the whole market. Zenith Bank Plc (N529.47 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
FIRSTBANK |
20.91 |
530.45 |
|
ZENITHBANK |
13.94 |
529.47 |
|
GUARANTY |
13.76 |
346.35 |
|
UBA |
12.83 |
342.52 |
|
NB |
49.00 |
152.64 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N543.96 billion today. This was followed by Nigerian Breweries Plc with N389.47 billion. Zenith Bank Plc N375.50 billion, UBA Plc with N301.26 billion and Guaranty Trust Bank Plc N287.83 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 |
517.01 |
29.14 |
8.66 |
|
NB |
370.57 |
20.89 |
6.21 |
|
ZENITHBANK |
350.13 |
19.74 |
5.87 |
|
UBA |
276.48 |
15.58 |
4.63 |
|
GUARANTY |
259.88 |
14.65 |
4.36 |
|
Total |
1,774.07 |
100 |
29.73 |
|
Others |
4,192.91 |
|
70.27 |
|
Grand Total |
5,966.98 |
|
100.00 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
Term of the day
EARNINGS SEASON
The months in which a majority of quarterly corporate earnings are released to the public. Earnings season occurs in the month following the end of each quarter: January, April, July or October.
Market Analysis for 03-07-09
by Ope on July 3rd, 2009
filed under Capital Market, Make Money
Market Capitalization closed at N6,177.29 billion from N6,212.04 today indicating a dropped of N34.75 billion.
Similarly, the all share index dropped by 152.38 to close at 27,086.56 points from 27,238.94.
Market patronage in terms of Volume of shares exchanged by investors dropped by 168.23 million ordinary shares or 30.42 percent when compared with the position in the last trading day. In essence, an aggregate of 384.85 million ordinary shares were traded in 8,549 deals today as against a volume of 553.08 million traded in 9,226 deals in the previous transaction.
Turnover by value was on the downswing like volume as it closed at N3.40 billion; N0.69 billion or 16.87 percent drop as against N4.09 billion worth of stocks traded yesterday.
Table 1
Market Statistics
|
|
Today 03/07/2009 |
Previous day 02/07/2009 |
% Change |
|
NSE All-Share Index |
27,086.56 |
27,238.94 |
-0.56 |
|
Total Deals |
8,549 |
9,226 |
-7.34 |
|
Volume Traded (M) |
384.85 |
553.08 |
-30.42 |
|
Value Traded (N’B) |
3.40 |
4.09 |
-16.87 |
|
Turn Over Ratio % |
0.06 |
0.08 |
-25.00% Change Point |
|
Mkt. Capt. (N’B) |
6,177.29 |
6,212.04 |
-0.56 |
Mobil Nigeria Plc lead the top gainers list again as the stock added N5.89 or 4.99 percent to its share price to close the market at N123.87 from its opening price of N117.98. Oando Plc came second on the list, having gained N2.78 or 3.12 percent as it opened and closed the day at N89.11 and N91.89 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
MOBIL |
117.98 |
123.87 |
+5.89 |
4.99 |
|
OANDO |
89.11 |
91.89 |
+2.78 |
3.12 |
|
BCC |
43.00 |
45.00 |
+2.00 |
4.65 |
|
UACN |
38.37 |
40.28 |
+1.91 |
4.98 |
|
NB |
49.76 |
51.50 |
+1.74 |
3.50 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, African Petroleum Plc lead the table for the day as the company share price declined by N4.97 or 4.99 percent to close the market at N94.53 per share, from it opening price of N99.50. Followed on the Chart was Guinness Plc that lost N4.44 or 3.43 percent to close the day at N125.06 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
AP |
99.50 |
94.53 |
-4.97 |
-4.99 |
|
GUINNESS |
129.50 |
125.06 |
-4.44 |
-3.43 |
|
NESTLE |
189.05 |
185.00 |
-4.05 |
-2.14 |
|
ETERNAOIL |
26.68 |
25.35 |
-1.33 |
-4.99 |
|
PZ |
20.00 |
19.21 |
-0.79 |
-3.95 |
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 166.49 million ordinary shares traded to control 43.26 percent of the aggregate volume of shares traded. The Insurance sector, with 117.30 million ordinary shares, traded trailed behind the Insurance sector which represents 30.48 percent of the total volume traded.
Figure 3
International Energy Insurance Plc emerges first as the most patronized stock for the day. Investors traded 41.45 million ordinary shares to controlled 35.34 percent of the aggregate volume traded in the Insurance sector and 10.77 percent of the entire market. Guaranty Trust Bank Plc (40.94 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
INTENEGINS |
1.57 |
41.45 |
|
GUARANTY |
15.24 |
40.94 |
|
ACCESS |
7.60 |
21.26 |
|
UACN |
40.28 |
19.32 |
|
AIICO |
1.17 |
17.67 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N1,723.76 million for a 50.67 percent of the aggregate traded value for the day. The Conglomerates sector (N792.06 million) followed, representing 23.28 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that UACN Plc led the highest trading by value at N774.60 million today. The figure controlled 97.80 percent of total traded value in the Conglomerates sector and 22.77 percent of the overall value traded for the whole market. Guaranty Trust Bank Plc (N583.11 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
UACN |
40.28 |
774.60 |
|
GUARANTY |
15.24 |
583.11 |
|
FIRSTBANK |
22.00 |
316.59 |
|
BCC |
45.00 |
173.55 |
|
ACCESS |
7.60 |
162.25 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N543.96 billion today. This was followed by Nigerian Breweries Plc with N389.47 billion. Zenith Bank Plc N375.50 billion, UBA Plc with N301.26 billion and Guaranty Trust Bank Plc N287.83 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 |
543.96 |
28.66 |
8.81 |
|
NB |
389.47 |
20.52 |
6.30 |
|
ZENITHBANK |
375.50 |
19.78 |
6.08 |
|
UBA |
301.26 |
15.87 |
4.88 |
|
GUARANTY |
287.83 |
15.16 |
4.66 |
|
Total |
1,898.02 |
|
30.73 |
|
Others |
4,279.27 |
|
69.27 |
|
Grand Total |
6,177.29 |
|
100.00 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
AFRICAN PETROLEUM PLC: Audited result for the year ended 31st December 2008 shows Turnover of N162,595.51 million as against N102,498.73 million in 2007. Profit after tax stood at N7,147.75 million compared with profit after tax and exceptional items of N7,077.1 million in 2007. The Board of Directors is recommending a dividend of N5.20 per share. The date of closure of register is July 3, 2009 while payment date is July 27, 2009. The 30th Annual General Meeting is scheduled to hold at Civic Centre, Ozumba Mbadiwe Street, Victoria Island, Lagos on Wednesday, July 22, 2009 by 10.00a.m.
MAY & BAKER NIGERIA PLC: Audited result for the year ended 31st December 2008 shows Turnover of N5,439.91 million as against N3,859.75 million in 2007. Profit after tax and exceptional items stood at N418 million compared with profit after tax of N208.32 million in 2007. The Board of Directors had earlier recommended a dividend of N0.40 per share. The date of closure of register is July 16, 2009 while payment date is August 10, 2009. Also, the Board of Directors explained that the exceptional items represents Insurance Claims less expenses incurred in the restoration of the Pharmaceutical Plant gutted by fire on January 12, 2008. The 58th Annual General Meeting is scheduled to hold at Muson Centre, Onikan, Lagos on Tuesday, July 28, 2009.
ASSOCIATED BUS COMPANY PLC: Audited result for the year ended 31st December 2008 shows Turnover of N3,956.9 million as against N3,201.65 million in 2007. Profit after tax and exceptional items stood at N167.12 million compared with profit after tax of N141.25 million in 2007. The Board of Directors is recommending a dividend of N0.10 per share. The dates of closure of register and payment would be announced later.
ASSOCIATED BUS COMPANY PLC: Unaudited result for the first quarter ended 31st March 2009 shows Turnover of N977.61 million, as against N898.2 million in the comparable period of 2008. Profit after tax stood at N53.72 million compared with N62.94 million in 2008.
ECOBANK NIGERIA PLC: Audited result for the year ended 31st December 2008 shows Gross Earnings of N55,155.91 million as against N32,709.71 million in 2007. Profit after tax and exceptional items stood at N2,130.5 million compared with profit after tax of N7,449.78 million in 2007. The date of closure of register is July 10, 2009. The 21st Annual General Meeting is scheduled to hold at Muson Centre, Onikan, Lagos on Monday, July 27, 2009 by 11.00a.m.
SOVEREIGN TRUST INSURANCE PLC: Audited result for the year ended 31st December 2008. The Board of Directors is recommending a dividend of N0.03 per share. The date of closure of register is July 16, 2009, while payment date is September 7, 2009. The 14th Annual General Meeting is scheduled to hold at Civic Centre, Ozumba Mbadiwe Street, Victoria Island, Lagos on Thursday, August 6, 2009 by 12.00noon.
SOVEREIGN TRUST INSURANCE PLC: Unaudited result for the first quarter ended 31st March 2009 shows Gross Premium of N1,559.0 million, as against N1,331.55 million in the comparable period of 2008. Profit after tax stood at N332.1 million compared with N268.8 million in 2008.
STACO INSURANCE PLC: Audited result for the year ended 31st December 2008 shows Gross premium of N4,375.12 million as against N2,814.8 million in 2007. Profit after tax stood at N542.42 million compared with N758 million in 2007. The Board of Directors is recommending a dividend of N0.02 per share and bonus of 1 for 10. The date of closure of register is July 20, 2009 while payment date is August 17, 2009. The Annual General Meeting is scheduled to hold at Federal Palace Hotel, 6/8 Ahmadu Bello Way, Victoria Island, Lagos on Thursday, August 6, 2009 by 11.00a.m.
REGENCY ALLIANCE INSURANCE PLC: Audited result for the year ended 31st December 2008 shows Gross premium of N1,705.72 million as against N1,210.8 million in 2007. Profit after tax stood at N312.7 million compared with N237.54 million in 2007. The date of closure of register is September 25, 2009. The Board of Directors is recommending a dividend of N0.02 per share and dividend of 1 for 10. The date of closure of register and payment would be advised later.
TRANS-NATIONWIDE EXPRESS PLC: Audited result for the year ended 31st December 2008 shows Turnover of N474.7 million as against N378.5 million in 2007. Profit after tax stood at N47.5 million compared with N45.71 million in 2007. The Board of Directors is recommending a dividend of N0.10 per share. The date of closure of register and payment would be advised later.
CHEVRON OIL NIGERIA PLC: Audited result for the year ended 31st December 2008 shows Turnover of N48,687.82 million as against N72,628.1 million in 2007. Loss after tax stood at N225.42 million compared with profit after tax of N1,959.32 million in 2007. The Board of Directors had earlier informed The Exchange and Operators that the first and third quarter results were impacted by strike actions (Transport Union and Employees, respectively), which lasted for approximately five months. The date of closure of register is September 14, 2009. The Annual General Meeting is scheduled to hold at Zaranda Hotel Limited, Jos Road, Bauchi on Tuesday, September 29, 2009 by 11.00a.m.
PINANCLE POINT GROUP LIMITED: Audited result for the year ended 28th February 2009 shows Revenue of R102.71 million as against R50.94 million in 2008. Loss after tax stood at R3.1million compared with R39.21 million in 2008. The Company has primary listing on the JSE Securities Exchange of South Africa where the practice is for the register of members is suspended at year end and opened upon the release of results. Also, the Company proposed to organize “Facts behind the Figures” in a few weeks to provide further information about the company.
Term of the day
PENNY STOCKS
A stock that trades at a relatively low price and market capitalization, usually outside of the major market exchanges. These types of stocks are generally considered to be highly speculative and high risk because of their lack of liquidity, large bid-ask spreads, small capitalization and limited following and disclosure. They will often trade over the counter through the OTCBB and pink sheets.
Stock Market Analysis for 1st July 2009
by Ope on July 1st, 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 27,217.59 rise from the opening value of 26,861.55
Also the Nigerian Stock Exchange (NSE) capitalization which measures the value of equities closed at N6,207.17 billion indicating a rise of N81.20 billion today.
Market patronage in terms of Volume of shares exchanged by investors dropped by 127.65 million ordinary shares or 23.25 percent when compared with the position in the last trading day. In essence, an aggregate of 421.40 million ordinary shares were traded in 9,620 deals today as against a volume of 549.05 million traded in 10,595 deals in the previous transaction.
Turnover by value was on the downswing like volume as it closed at N4.06 billion; N0.05 billion or 1.22 percent dropped as against N4.11 billion worth of stocks traded yesterday.
Table 1
Market Statistics
|
|
Today 01/07/2009 |
Previous day 30/06/2009 |
% Change |
|
NSE All-Share Index |
27,217.59 |
26,861.55 |
1.33 |
|
Total Deals |
9,620 |
10,595 |
-9.20 |
|
Volume Traded (M) |
421.40 |
549.05 |
-23.25 |
|
Value Traded (N’B) |
4.06 |
4.11 |
-1.22 |
|
Turn Over Ratio % |
0.07 |
0.08 |
-12.50% Change Point |
|
Mkt. Capt. (N’B) |
6,207.17 |
6,125.97 |
1.33 |
Nestle Plc lead the top gainers list again as the stock added N9.01 or 4.74 percent to its share price to close the market at N199.00 from its opening price of N189.99. Guinness Plc came second on the list, having gained N6.45 or 5.00 percent as it opened and closed the day at N129.00 and N135.45 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
NESTLE |
189.99 |
199.00 |
+9.01 |
4.74 |
|
GUINNESS |
129.00 |
135.45 |
+6.45 |
5.00 |
|
BCC |
43.00 |
44.96 |
+1.96 |
4.56 |
|
UACN |
36.51 |
38.33 |
+1.82 |
4.98 |
|
JBERGER |
29.43 |
30.90 |
+1.47 |
4.99 |
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 |
|
AP |
110.00 |
104.50 |
-5.50 |
-5.00 |
|
TOTAL |
176.00 |
175.00 |
-1.00 |
-0.57 |
|
ACCESS |
9.05 |
8.35 |
-0.70 |
-7.73 |
|
INTERCONT |
9.10 |
8.65 |
-0.45 |
-4.95 |
|
UNILEVER |
13.77 |
13.51 |
-0.26 |
-1.89 |
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 282.12 million ordinary shares traded to control 66.95 percent of the aggregate volume of shares traded. The Insurance sector, with 67.43 million ordinary shares, traded trailed behind the Insurance sector which represents 16.00 percent of the total volume traded.
Figure 3
United Bank for Africa (UBA) Plc emerges first as the most patronized stock for the day. Investors traded 63.41 million ordinary shares to controlled 22.48 percent of the aggregate volume traded in the Banking sector and 15.04 percent of the entire market. First Bank Plc (47.15 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
UBA |
14.22 |
63.41 |
|
FIRSTBANK |
22.50 |
47.15 |
|
ZENITHBANK |
15.00 |
27.17 |
|
SKYEBANK |
7.07 |
18.74 |
|
FIRSTINLND |
2.80 |
17.59 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N3,441.16 million for a 84.81 percent of the aggregate traded value for the day. The Building sector (N140.09 million) followed, representing 3.45 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that First Bank Plc led the highest trading by value at N1,069.64 million today. The figure controlled 31.08 percent of total traded value in the Banking sector and 26.36 percent of the overall value traded for the whole market. United Bank for Africa Plc (N897.70 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
FIRSTBANK |
22.50 |
1,069.64 |
|
UBA |
14.22 |
897.70 |
|
ZENITHBANK |
15.00 |
406.26 |
|
GUARANTY |
14.00 |
242.25 |
|
SKYEBANK |
7.07 |
131.36 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N556.32 billion today. This was followed by Zenith Bank Plc with N376.76 billion. Nigerian Breweries Plc N374.35 billion, UBA Plc with N306.43 billion and Guaranty Trust Bank Plc N264.41 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 |
556.32 |
29.62 |
8.96 |
|
ZENITHBANK |
376.76 |
20.06 |
6.07 |
|
NB |
374.35 |
19.93 |
6.03 |
|
UBA |
306.43 |
16.31 |
4.94 |
|
GUARANTY |
264.41 |
14.08 |
4.26 |
|
Total |
1,878.27 |
100.00 |
30.26 |
|
Others |
4,328.90 |
|
69.74 |
|
Grand Total |
6,207.17 |
|
100 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
Term of the day
FOCUS LIST:
In essence, a focus list is a virtual portfolio that research departments use to battle it out against other firms for bragging rights in stock picking. Focus lists are also great marketing tools. Much like with mutual funds, you’ll often hear about the lists with strong performance (like portfolios that outperform a specific index), but never about those that had a bad year.
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 %
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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.