Market Analysis for 15-7-09
by Ope on July 15th, 2009
filed under Capital Market, Make Money
About The Market Today 15/07/09
Trading activities on the floor of The Nigerian Stock Exchange (NSE) continued today on a negative outlook, as the bears emerged once again on the floor of the exchange.
An empirical analysis on the market activities today revealed that the NSE All-Share Index slipped by 708.29 to close at 24,806.54..
Moreover, Market capitalization closed at N5,686.45 billion compared to N5,848.82 in the previous trading.
Market patronage in terms of Volume of shares exchanged by investors dropped by 125.08 million ordinary shares or 27.96 percent when compared with the position in the last trading day. In essence, an aggregate of 322.25 million ordinary shares were traded in 7,844 deals today as against a volume of 447.33 million traded in 9,116 deals in the previous transaction.
Turnover by value was on the downswing like volume as it closed at N2.82 billion; N0.68 billion or 19.43 percent drop as against N3.50 billion worth of stocks traded in the previous trading day.
Table 1
Market Statistics
|
|
Today 15//07/2009 |
Previous day 14//07/2009 |
% Change |
|
NSE All- Share Index |
24,806.54 |
25,514.83 |
-2.78 |
|
Total Deals |
7,844 |
9,116 |
-13.95 |
|
Volume Traded (M) |
322.25 |
447.33 |
-27.96 |
|
Value Traded (N’B) |
2.82 |
3.50 |
-19.43 |
|
Turn Over Ratio % |
0.06 |
0.08 |
-25.00% Change Point |
|
Mkt. Capt. (N’B) |
5,686.45 |
5,848.82 |
-2.78 |
Oando Plc lead the top gainers list again as the stock added N2.50 or 2.86 percent to its share price to close the market at N90.00 from its opening price of N87.50. Nigeria Bottling Company Plc came second on the list, having gained N1.00 or 3.70 percent as it opened and closed the day at N27.00 and N28.00 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
OANDO |
87.50 |
90.00 |
+2.50 |
2.86 |
|
NBC |
27.00 |
28.00 |
+1.00 |
3.70 |
|
COSTAIN |
5.83 |
6.10 |
+0.27 |
4.63 |
|
REDSTAREX |
2.85 |
2.99 |
+0.14 |
4.91 |
|
BIGTREAT |
1.85 |
1.94 |
0.09 |
4.86 |
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 N4.06 or 2.33 percent to close the market at N170.00 per share, from it opening price of N174.06. Followed on the Chart was Guinness Plc that lost N3.50 or 2.59 percent to close the day at N29.04 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
NESTLE |
174.06 |
170.00 |
-4.06 |
-2.33 |
|
GUINNESS |
135.00 |
131.50 |
-3.50 |
-2.59 |
|
FIRSTBANK |
20.90 |
19.86 |
-1.04 |
-4.98 |
|
DANGSUGAR |
16.30 |
15.49 |
-0.81 |
-4.97 |
|
UBN |
16.01 |
15.21 |
-0.80 |
-5.00 |
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 210.78 million ordinary shares traded to control 65.41 percent of the aggregate volume of shares traded. The Insurance sector, with 46.23 million ordinary shares, traded trailed behind the Insurance sector which represents 14.35 percent of the total volume traded.
Figure 3
Guaranty Trust Bank Plc emerges first as the most patronized stock for the day. Investors traded 43.26 million ordinary shares to controlled 20.52 percent of the aggregate volume traded in the Banking sector and 13.42 percent of the entire market. First Bank Plc (30.49 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
GUARANTY |
13.50 |
43.26 |
|
FIRSTBANK |
19.86 |
30.49 |
|
ACCESS |
6.70 |
24.99 |
|
INTERCONT |
8.00 |
18.05 |
|
DIAMONDBNK |
7.73 |
17.30 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N2,213.02 million for a 78.40 percent of the aggregate traded value for the day. The Breweries sector (N156.22 million) followed, representing 5.53 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that First Bank Plc led the highest trading by value at N605.48 million today. The figure controlled 27.36 percent of total traded value in the Banking sector and 21.45 percent of the overall value traded for the whole market. Guaranty Trust Bank Plc (N586.05 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
FIRSTBANK |
19.86 |
605.48 |
|
GUARANTY |
13.50 |
586.05 |
|
ACCESS |
6.70 |
167.31 |
|
UBA |
11.78 |
154.49 |
|
INTERCONT |
8.00 |
144.97 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N491.05 billion today. This was followed by Nigerian Breweries Plc with N378.13 billion. Zenith Bank Plc N332.05 billion, Guaranty Plc with N254.97 billion and UBA Bank Plc N253.85 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 |
491.05 |
28.72 |
8.64 |
|
NB |
378.13 |
22.11 |
6.65 |
|
ZENITHBANK |
332.05 |
19.42 |
5.84 |
|
GUARANTY |
254.97 |
14.91 |
4.48 |
|
UBA |
253.85 |
14.84 |
4.46 |
|
Total |
1,710.05 |
100 |
30.07 |
|
Others |
3,976.40 |
|
69.93 |
|
Grand Total |
5,686.45 |
|
100.00 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
Term of the day:
SHAREHOLDER EQUITY RATIO:
A ratio used to help determine how much shareholders would receive in the event of a company-wide liquidation. The ratio, expressed as a percentage, is calculated by dividing total shareholders’ equity by total assets of the firm, and it represents the amount of assets on which shareholders have a residual claim. The figures used to calculate the ratio are taken from the company’s balance sheet
SHAREHOLDER EQUITY RATIO =
TOTAL SHAREHOLDERS EQUITY
TOTAL ASSETS