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 %
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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.