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.