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.