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.