NSE Market update for 26-08-09
by Ope on August 26th, 2009
filed under Capital Market, Make Money
About The Market Today 26/08/09
The bull consolidated their hold on the stock market today pushing up the market capitalization of the Nigerian Stock Exchange (NSE) by N113.60 billion to close at N5,382.30 billion.
After losing N519 billion last weeks, following reactions to the Central Bank of Nigeria’s (CBN) removal of the managing director of five banks, the market rebounded with a growth of 2.30 percent today.
Investors who found the current levels of stock prices as an opportunity to increase their holdings were buying some of the stocks.
The upward trend of the Nigerian Stock Exchange index continues and it rise by 2.16% from 22,984.14 to close at 23,479.72.
Market patronage in terms of Volume of shares exchanged by investors rise by 21.62 million ordinary shares or 6.92 percent when compared with the position of last trading day. In essence, an aggregate of 334.27 million ordinary shares were traded in 5,459 deals today as against a volume of 312.65 million traded in 5,606 deals in the previous transaction.
Turnover by value was on the downswing as it close at N2.30 billion; N0.01 billion or 0.43 percent drop as against N2.31 billion worth of stocks traded in the previous trading day
Table 1
Market Statistics
|
|
Today 26/08/2009 |
Previous day 25/08/2009 |
% Change |
|
NSE All- Share Index |
23,479.72 |
22,984.14 |
2.16 |
|
Total Deals |
5,459 |
5,606 |
-2.62 |
|
Volume Traded (M) |
334.27 |
312.65 |
6.92 |
|
Value Traded (N’B) |
2.30 |
2.31 |
-0.43 |
|
Turn Over Ratio % |
0.06 |
0.06 |
0.00% Change Point |
|
Mkt. Capt. (N’B) |
5,382.30 |
5,268.70 |
2.16 |
Total Plc lead the top gainers list again as the stock added N6.23 or 4.99 percent to its share price to close the market at N131.00 from its opening price of N124.77. Benue Cement Company Plc came second on the list, having gained N1.72 or 4.98 percent as it opened and closed the day at N34.56 and N36.28 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
TOTAL |
124.77 |
131.00 |
+6.23 |
4.99 |
|
BCC |
34.56 |
36.28 |
+1.72 |
4.98 |
|
WAPCO |
32.50 |
34.12 |
+1.62 |
4.98 |
|
NBC |
24.15 |
25.35 |
+1.20 |
4.97 |
|
FLOURMILL |
20.42 |
21.44 |
+1.02 |
5.00 |
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 N2.50 or 1.79 percent to close the market at N137.00 per share, from it opening price of N139.50. Followed on the Chart was Nestle Plc that lost N1.88 or 0.91 percent to close the day at N204.99 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
GUINNESS |
139.50 |
137.00 |
-2.50 |
-1.79 |
|
NESTLE |
206.87 |
204.99 |
-1.88 |
-0.91 |
|
7UP |
30.40 |
28.89 |
-1.51 |
-4.97 |
|
JBERGER |
25.65 |
24.37 |
-1.28 |
-4.99 |
|
TRIPPLEG |
6.35 |
6.04 |
-0.31 |
-4.88 |
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 147.11 million ordinary shares traded to control 44.01 percent of the aggregate volume of shares traded. The Insurance sector, with 63.23 million ordinary shares, traded trailed behind the Banking sector which represents 18.92 percent of the total volume traded.
Figure 3
Dangote Flour Mill Plc emerges first as the most patronized stock for the day. Investors traded 29.14 million ordinary shares to controlled 66.91 percent of the aggregate volume traded in the Food/Beverages & Tobacco Sector and 8.72 percent of the entire market. Platinum Bank Plc (28.05 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
DANGFLOUR |
6.60 |
29.14 |
|
PLATINUM |
3.96 |
28.05 |
|
SPRINGBANK |
5.59 |
18.23 |
|
FIDELITYBK |
1.91 |
16.92 |
|
ACCESS |
5.70 |
14.13 |
Figure 4
5 Most traded Stocks by Volume
Monetary Policy Rate: 6.00 %
Business News
Term of the day:
MEAN RETURN:
Mean returns attempt to quantify the relationship between the risk of a portfolio of securities and its return. It assumes that while investors have different risk tolerances, rational investors will always seek the maximum rate of return for every level of acceptable risk. It is the mean, or expected, return that investors try to maximize at each level of risk.
Market Analysis for 25-08-09
by Ope on August 25th, 2009
filed under Capital Market, Make Money, News
About The Market Today 25/08/09
The Nigerian Stock Market made a surprise rebound yesterday and today as some discerning investors took advantage of low prices of bank and insurance stocks among others.
As anxiety and panic grew among investors, low demand weakened stock prices last week.
At the close of trading today, the All share index, which shows the direction of stocks prices rise by 2.33 percent to close at 22,984.14 from 22,460.08 points the previous day, while the Market capitalization appreciated by N120.13 billion or 2.33 percent.
Market patronage in terms of Volume of shares exchanged by investors drop by 311.64 million ordinary shares or 49.92 percent when compared with the position of last trading day. In essence, an aggregate of 312.65 million ordinary shares were traded in 5,606 deals today as against a volume of 624.29 million traded in 6,324 deals in the previous transaction.
Turnover by value was on the downswing like volume as it closed at N2.31 billion; N0.79 billion or 25.48 percent drop as against N3.10 billion worth of stocks traded in the previous trading day
Table 1
Market Statistics
|
|
Today 25/08/2009 |
Previous day 24/08/2009 |
% Change |
|
NSE All- Share Index |
22,984.14 |
22,460.08 |
2.33 |
|
Total Deals |
5,606 |
6,324 |
-11.35 |
|
Volume Traded (M) |
312.65 |
624.29 |
-49.92 |
|
Value Traded (N’B) |
2.31 |
3.10 |
-25.48 |
|
Turn Over Ratio % |
0.06 |
0.12 |
-50.00% Change Point |
|
Mkt. Capt. (N’B) |
5,268.70 |
5,148.57 |
2.33 |
Oando Plc lead the top gainers list again as the stock added N4.49 or 4.75 percent to its share price to close the market at N98.99 from its opening price of N94.50. Conoil Plc came second on the list, having gained N2.46 or 4.98 percent as it opened and closed the day at N49.35 and N51.81 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
OANDO |
94.50 |
98.99 |
+4.49 |
4.75 |
|
CONOIL |
49.35 |
51.81 |
+2.46 |
4.98 |
|
BCC |
32.92 |
34.56 |
+1.64 |
4.98 |
|
WAPCO |
31.00 |
32.50 |
+1.50 |
4.84 |
|
FLOURMILL |
19.45 |
20.42 |
+0.97 |
4.99 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, 7UP Plc lead the table for the day as the company share price declined by N1.60 or 5.00 percent to close the market at N30.40 per share, from it opening price of N32.00. Followed on the Chart was Guinness Plc that lost N1.50 or 1.06 percent to close the day at N139.50 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
7UP |
32.00 |
30.40 |
-1.60 |
5.00 |
|
GUINNESS |
141.00 |
139.50 |
-1.50 |
1.06 |
|
ETERNAOIL |
16.85 |
16.01 |
-0.84 |
4.99 |
|
DNMEYER |
8.07 |
7.67 |
-0.40 |
4.96 |
|
PORTPAINT |
7.76 |
7.38 |
-0.38 |
4.90 |
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 145.57 million ordinary shares traded to control 46.53 percent of the aggregate volume of shares traded. The Insurance sector, with 59.25 million ordinary shares, traded trailed behind the Banking sector which represents 18.95 percent of the total volume traded.
Figure 3
Fidelity Bank Plc emerges first as the most patronized stock for the day. Investors traded 24.24 million ordinary shares to controlled 16.66 percent of the aggregate volume traded in the Banking Sector and 7.75 percent of the entire market. First Bank Plc (7.75 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
FIDELITYBK |
1.85 |
24.24 |
|
FIRSTBANK |
13.99 |
18.73 |
|
ASOSAVINGS |
0.79 |
17.91 |
|
PLATINUM |
3.98 |
15.46 |
|
AIICO |
0.91 |
15.37 |
Figure 4
5 Most traded Stocks by Volume
Monetary Policy Rate: 6.00 %
Business News
Term of the day:
ABNORMAL RETURN:
A term used to describe the returns generated by a given security or portfolio over a period of time that is different from the expected rate of return
An abnormal return can be either a good or bad thing, as it is merely a summary of how the actual returns differ from the predicted return. For example, earning 30% in a mutual fund that is expected to average 10% per year would create a positive abnormal return of 20%. If, on the other hand, the actual return was 5%, this would generate a negative abnormal return of 5%.
NSE Market 24-08-09
by Ope on August 24th, 2009
filed under Capital Market, Make Money
About The Market Today 24/08/09
Activities on the stock market commenced today on an encouraging note with much hope for sustainability of the trend for the week, the bull are equally bracing up to overcome any challenges that may come their way, judging by the performance been established today.
At the close of trading today, the All share index, which shows the direction of stocks prices rise by 2.21 percent to close at 22,460.08 from 21,973.96 points the previous day, while the Market capitalization appreciated by N111.43 billion or 2.21 percent.
Market patronage in terms of Volume of shares exchanged by investors rose by 349.52 million ordinary shares or 127.20 percent when compared with the position of last trading day. In essence, an aggregate of 624.29 million ordinary shares were traded in 6,324 deals today as against a volume of 274.77 million traded in 5,275 deals in the previous transaction.
Turnover by value was on the upswing like volume as it closed at N3.10 billion; N1.53 billion or 97.45 percent rise as against N1.57 billion worth of stocks traded in the previous trading day
Table 1
Market Statistics
|
|
Today 24/08/2009 |
Previous day 21/08/2009 |
% Change |
|
NSE All- Share Index |
22,460.08 |
21,973.96 |
2.21 |
|
Total Deals |
6,324 |
5,275 |
19.89 |
|
Volume Traded (M) |
624.29 |
274.77 |
127.20 |
|
Value Traded (N’B) |
3.10 |
1.57 |
97.45 |
|
Turn Over Ratio % |
0.12 |
0.05 |
140.00% Change Point |
|
Mkt. Capt. (N’B) |
5,148.57 |
5,037.14 |
2.21 |
Nestle Plc lead the top gainers list again as the stock added N9.85 or 5.00 percent to its share price to close the market at N206.87 from its opening price of N197.02. Oando Plc came second on the list, having gained N4.50 or 5.00 percent as it opened and closed the day at N90.00 and N94.50 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
NESTLE |
197.02 |
206.87 |
9.85 |
5.00 |
|
OANDO |
90.00 |
94.50 |
4.50 |
5.00 |
|
CONOIL |
47.00 |
49.35 |
2.35 |
5.00 |
|
NB |
57.73 |
60.00 |
2.27 |
3.93 |
|
AP |
50.59 |
52.00 |
1.41 |
2.79 |
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 N1.10 or 0.77 percent to close the market at N141.00 per share, from it opening price of N142.10. Followed on the Chart was UAC-Prop Plc that lost N0.80 or 5.00 percent to close the day at N15.20 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
GUINNESS |
142.10 |
141.00 |
-1.10 |
0.77 |
|
UAC-PROP |
16.00 |
15.20 |
-0.80 |
5.00 |
|
UNILEVER |
16.62 |
16.00 |
-0.62 |
3.73 |
|
PORTPAINT |
8.16 |
7.76 |
-0.40 |
4.90 |
|
UPL |
6.86 |
6.52 |
-0.34 |
4.96 |
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 335.65 million ordinary shares traded to control 53.77 percent of the aggregate volume of shares traded. The Insurance sector, with 95.56 million ordinary shares, traded trailed behind the Banking sector which represents 15.31 percent of the total volume traded.
Figure 3
Cap Oil Plc emerges first as the most patronized stock for the day. Investors traded 100.04 million ordinary shares to controlled 99.99 percent of the aggregate volume traded in the 2nd Tier Securities and 16.02 percent of the entire market. Zenith Bank Plc (79.46 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
CAPOIL |
1.31 |
100.04 |
|
ZENITHBANK |
10.17 |
79.46 |
|
UBA |
10.13 |
69.76 |
|
FCMB |
5.40 |
51.58 |
|
CONTINSURE |
1.08 |
31.62 |
Figure 4
5 Most traded Stocks by Volume
Monetary Policy Rate: 6.00 %
Business News
Term of the day:
STOCK POWER: A power of attorney that allows the current owner of a registered security to transfer ownership to another party.
The party to whom ownership is being transferred can be a bank, brokerage firm, or another investor. Stock power may also be granted if the stock is pledged as collateral for a loan.
NSE Market Analysis for Friday 21st of August 2009
by Ope on August 21st, 2009
filed under Capital Market, Make Money
Hopes that the Nigerian stock market would return to profitability dimmed today as all market indices closed in red.
Investors have since Monday reacted negatively to the Central Bank of Nigeria (CBN) governor’s decision to fire five bank’s executives, citing various irregularities.
At the close of trading today, the All share index, which shows the direction of stocks prices fell by 0.91 percent to close at 21,973.96 from 22,175.24 points the previous day, while the Market capitalization depreciated by N46.14 billion or 0.91 percent.
13 Stocks also appreciated like that of the previous trading.
Market patronage in terms of Volume of shares exchanged by investors drop by 84.95 million ordinary shares or 23.62 percent when compared with the position of yesterday. In essence, an aggregate of 274.77 million ordinary shares were traded in 5,275 deals today as against a volume of 359.72 million traded in 4,707 deals in the previous transaction.
Turnover by value was on the downswing like volume as it closed at N1.57 billion; N0.41 billion or 20.71 percent drop as against N1.98 billion worth of stocks traded in the previous trading day
Table 1
Market Statistics
|
|
Today 21/08/2009 |
Previous day 20/08/2009 |
% Change |
|
NSE All- Share Index |
21,973.96 |
22,175.24 |
-0.91 |
|
Total Deals |
5,275 |
4,707 |
12.07 |
|
Volume Traded (M) |
274.77 |
359.72 |
-23.62 |
|
Value Traded (N’B) |
1.57 |
1.98 |
-20.71 |
|
Turn Over Ratio % |
0.05 |
0.07 |
-28.57% Change Point |
|
Mkt. Capt. (N’B) |
5,037.14 |
5,083.28 |
-0.91 |
Oando Plc lead the top gainers list again as the stock added N4.00 or 4.65 percent to its share price to close the market at N90.00 from its opening price of N86.00. Nigeria Breweries Plc came second on the list, having gained N2.74 or 4.98 percent as it opened and closed the day at N54.99 and N57.73 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
OANDO |
86.00 |
90.00 |
+4.00 |
4.65 |
|
NB |
54.99 |
57.73 |
+2.74 |
4.98 |
|
GUARANTY |
11.31 |
11.87 |
+0.56 |
4.95 |
|
DIAMONDBNK |
5.65 |
5.87 |
+0.22 |
3.89 |
|
UACN |
36.60 |
36.71 |
+0.11 |
0.30 |
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 N6.56 or 5.00 percent to close the market at N124.77 per share, from it opening price of N131.33. Followed on the Chart was African Petroleum (AP) Plc that lost N2.66 or 5.00 percent to close the day at N50.59 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
TOTAL |
131.33 |
124.77 |
-6.56 |
5.00 |
|
AP |
53.25 |
50.59 |
-2.66 |
5.00 |
|
BCC |
35.70 |
33.92 |
-1.78 |
4.99 |
|
FLOURMILL |
19.50 |
18.53 |
-0.97 |
4.97 |
|
UNILEVER |
17.49 |
16.62 |
-0.87 |
4.97 |
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 112.18 million ordinary shares traded to control 40.83 percent of the aggregate volume of shares traded. The Insurance sector, with 66.53 million ordinary shares, traded trailed behind the Banking sector which represents 24.21 percent of the total volume traded.
Figure 3
Japaul Oil Plc emerges first as the most patronized stock for the day. Investors traded 52.66 million ordinary shares to controlled 100 percent of the aggregate volume traded in the Maritime sector and 19.17 percent of the entire market. United Bank for Africa (UBA) Plc (20.99 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
JAPAULOIL |
1.18 |
52.66 |
|
UBA |
9.65 |
20.99 |
|
AIICO |
0.83 |
16.70 |
|
SKYEBANK |
4.07 |
15.46 |
|
GUARANTY |
11.87 |
15.53 |
Figure 4
5 Most traded Stocks by Volume
Monetary Policy Rate: 6.00 %
Business News
IKEJA HOTEL PLC: Audited result for the year ended 31st December 2008 shows Turnover of N6,455 million as against N5,282.35 million in 2007. Profit after tax stood at N872.53 million compared with N697.75 million in 2007. The Board of Directors is recommending a bonus of 1 for 5. The date of closure of register is September 14, 2009. The 36th Annual General Meeting is scheduled to hold at Sheraton Hotel & Towers, 30 Mobolaji Bank Anthony Way, Ikeja Lagos on Thursday, October 8, 2009 by 12.00noon.
CUTIX PLC: Audited result for the year ended 30th April 2009 shows Turnover of N1,323.45 million as against N1,307.34 million in 2008. Profit after tax and exceptional items stood at N78.31 million compared with profit after tax N114.5 million in 2008. The Board of Directors explained that the exceptional items consist of severance benefits paid to key management and other staff that left the company after long years of service.
OANDO PLC: Unaudited result for the half year ended 30th June 2009 shows Turnover of N165,036.0 million, as against N124,415.0 million in the comparable period of 2008. Profit after tax stood at N3,809.0 million compared with N3,673.0 million in 2008.
CUSTODIAN & ALLIED INSURANCE PLC: Unaudited result for the half year ended 30th June 2009 shows Gross Premium of N2,873.5 million, as against N2,012.9 million in the comparable period of 2008. Profit after tax stood at N851.62 million compared with N648.61 million in 2008.
STANDARD ALLIANCE INSURANCE PLC: Unaudited result for the first quarter ended 31st March 2009 shows Gross Premium of N1,397.01 million, as against N827.95 million in the comparable period of 2008. Profit after tax stood at N596.5million compared with N259.54 million in 2008.
UNION DIAGNOSTICS & CLINICAL SERVICES PLC: Audited result for the year ended 31st December 2008 shows Turnover of N1,033.7 million as against N545.8 million in 2007. Profit after tax stood at N370.1 million compared with N255.1 million in 2007. The Board of Directors is recommending a dividend of N0.08 per share and bonus of 1 for 5. The date of closure of register is September 7, 2009 while payment date is October 15, 2009. The Annual General Meeting is scheduled to hold at Manuel Mary Hall, Pyramid Hotels, Plot 160 Murtala Mohammed Highway, Calabar, Cross Rivers State on Monday, September 14, 2009 by 1.00p.m.
PORTLAND PAINTS & PRODUCTS NIGERIA PLC: Unaudited result for the half year ended 30th June 2009 shows Turnover of N1,122 million, as against N885.7 million in the comparable period of 2008. Profit after tax stood at N103.51 million compared with N70.14 million in 2008.
MULTIVERSE RESOURCES PLC: Unaudited result for the half year ended 30th June 2009 shows Turnover of N281.6 million, as against N186.8 million in the comparable period of 2008. Profit after tax stood at N38.51 million compared with N23.7 million in 2008.
LIVESTOCK FEEDS PLC: Unaudited result for the half year ended 30th June 2009 shows Turnover of N1,021.81 million, as against N850.3 million in the comparable period of 2008. Profit after tax stood at N10.12 million compared with N37.4million in 2008.
NCR (NIG) PLC: Unaudited result for the half year ended 30th June 2009 shows Turnover of N2,514.65 million, as against N1,879.8million in the comparable period of 2008. Profit after tax stood at N232.75 million compared with loss before tax of N85.2 million in 2008.
Note:
Two weeks of full suspension was imposed on trading of the shares of Afribank Nigeria Plc, Oceanic Bank International Plc, Fin Bank Plc, Intercontinental Bank Plc and Union Bank of Nigeria Plc on Monday, August 17, 2009 following the takeover of the banks by the Central Bank of Nigeria (CBN). The decision followed a tripartite agreement between the CBN, SEC and The NSE on the need to protect investors and prevent unprecedented dumping of the shares of the five banks. The suspension would be reviewed after two weeks.
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.
Kreativ Host Seminar
by Ope on August 20th, 2009
filed under Blogging Tips, Job Openings, Make Money, News
Kreativ Host is organizing an enlightenment seminar on the basics of web hosting, maintenance and domain registration.
Emphasis would be on how you can use this knowledge to generate a steady source of income either on a full-time or part-time basis, for yourself or your small business.
Date is this Saturday, August 22, 2009 at 7, Akinhanmi Street, by AP filling Station (Empire Area) Ojuelegba, Surulere by 10 am.
Attendance is Free.
There are also part-time and full-time positions for the role of web master, Business Development and a Customer care/frontdesk executives to be filled.
Interviews would be conducted on the same day.
Please help spread the word.
Thanks.
Market Analysis for 20-08-09
by Ope on August 20th, 2009
filed under Capital Market, Make Money
The capitalization of equities fell further by N92.83 billion to close lower at N5,083.28 billion, down from N5,176.11 billion the previous day.
13 Stocks appreciated today lower than 17 stocks that appreciated yesterday.
Market patronage in terms of Volume of shares exchanged by investors drop by 48.10 million ordinary shares or 11.79 percent when compared with the position of yesterday. In essence, an aggregate of 359.72 million ordinary shares were traded in 4,707 deals today as against a volume of 407.82 million traded in 5,481 deals in the previous transaction.
Turnover by value was on the downswing like volume as it closed at N1.98 billion; N0.19 billion or 8.76 percent drop as against N2.17 billion worth of stocks traded in the previous trading day
Table 1
Market Statistics
|
|
Today 20/08/2009 |
Previous day 19/08/2009 |
% Change |
|
NSE All- Share Index |
22,175.24 |
22,580.00 |
-1.79 |
|
Total Deals |
4,707 |
5,481 |
-14.12 |
|
Volume Traded (M) |
359.72 |
407.82 |
-11.79 |
|
Value Traded (N’B) |
1.98 |
2.17 |
-8.76 |
|
Turn Over Ratio % |
0.07 |
0.08 |
-12.50% Change Point |
|
Mkt. Capt. (N’B) |
5,083.28 |
5,176.11 |
-1.79 |
Guinness Plc lead the top gainers list again as the stock added N6.10 or 4.49 percent to its share price to close the market at N142.10 from its opening price of N136.00. UACN Plc came second on the list, having gained N1.35 or 3.83 percent as it opened and closed the day at N35.25 and N36.60 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
GUINNESS |
136.00 |
142.10 |
+6.10 |
4.49 |
|
UACN |
35.25 |
36.60 |
+1.35 |
3.83 |
|
CCNN |
8.53 |
8.95 |
+0.42 |
4.92 |
|
PZ |
18.50 |
18.90 |
+0.40 |
2.16 |
|
CUSTOYINS |
2.32 |
2.42 |
+0.10 |
4.31 |
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 N7.98 or 3.89 percent to close the market at N197.02 per share, from it opening price of N205.00. Followed on the Chart was Flourmills Nig Plc that lost N1.02 or 4.97 percent to close the day at N19.50 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
NESTLE |
205.00 |
197.02 |
-7.98 |
-3.89 |
|
FLOURMILL |
20.52 |
19.50 |
-1.02 |
-4.97 |
|
BETAGLAS |
19.38 |
18.42 |
-0.96 |
-4.95 |
|
ETERNAOIL |
17.73 |
16.85 |
-0.88 |
-4.96 |
|
BCC |
36.56 |
35.70 |
-0.86 |
-2.35 |
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 146.89 million ordinary shares traded to control 40.83 percent of the aggregate volume of shares traded. The Banking sector, with 139.25 million ordinary shares, traded trailed behind the Insurance sector which represents 38.71 percent of the total volume traded.
Figure 3
Standard Alliance Plc emerges first as the most patronized stock for the day. Investors traded 113.86 million ordinary shares to controlled 77.51 percent of the aggregate volume traded in the Insurance sector and 31.65 percent of the entire market. Access Bank Plc (28.26 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
STDINSURE |
1.14 |
113.86 |
|
ACCESS |
5.19 |
28.26 |
|
FCMB |
5.61 |
23.51 |
|
CAPOIL |
1.37 |
20.00 |
|
UBA |
10.11 |
19.18 |
Figure 4
5 Most traded Stocks by Volume
Monetary Policy Rate: 6.00 %
Business News
No 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.
Stock Market report for 19-08-2009
by Ope on August 19th, 2009
filed under Capital Market, Make Money, News
About The Market Today 19/08/09
The market capitalization of the Nigerian Stock Exchange (NSE) shed N138.46 billion yesterday as the removal of the executive managements of the five banks continued to reverberate at the stock market.
The capitalization of equities fell further by N138.46 billion to close lower at N5,176.11 billion, down from N5,314.57 billion the previous day.
There was little improvement in terms of price gainers as 17 stocks appreciated today compare to 12 stocks in the previous trading day.
Market patronage in terms of Volume of shares exchanged by investors drop by 201.95 million ordinary shares or 33.12 percent when compared with the position of yesterday. In essence, an aggregate of 407.82 million ordinary shares were traded in 5,481 deals today as against a volume of 609.77 million traded in 18,365 deals in the previous transaction.
Turnover by value was on the downswing like volume as it closed at N5,176.11 billion; N138.46 billion or 2.61 percent drop as against N5,314.57 billion worth of stocks traded in the previous trading day
Table 1
Market Statistics
|
|
Today 19/08/2009 |
Previous day 18/08/2009 |
% Change |
|
NSE All- Share Index |
22,580 |
23,184.25 |
-2.61 |
|
Total Deals |
5,481 |
18,365 |
-70.16 |
|
Volume Traded (M) |
407.82 |
609.77 |
-33.12 |
|
Value Traded (N’B) |
2.17 |
2.8 |
-22.50 |
|
Turn Over Ratio % |
0.08 |
0.11 |
-27.27% Change Point |
|
Mkt. Capt. (N’B) |
5,176.11 |
5,314.57 |
-2.61 |
Nestle Plc lead the top gainers list again as the stock added N7.00 or 3.54 percent to its share price to close the market at N198.00 from its opening price of N205.00. Glaxosmith Plc came second on the list, having gained N0.87 or 4.97 percent as it opened and closed the day at N17.51 and N18.38 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
NESTLE |
198.00 |
205.00 |
+7.00 |
3.54 |
|
GLAXOSMITH |
17.51 |
18.38 |
+0.87 |
4.97 |
|
UNILEVER |
16.85 |
17.69 |
+0.84 |
4.99 |
|
CCNN |
8.13 |
8.53 |
+0.40 |
4.92 |
|
VITAFOAM |
3.48 |
3.65 |
+0.17 |
4.89 |
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 N6.90 or 4.99 percent to close the market at N131.33 per share, from it opening price of N138.23. Followed on the Chart was Guinness Plc that lost N6.00 or 4.23 percent to close the day at N136.00 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
TOTAL |
138.23 |
131.33 |
-6.90 |
-4.99 |
|
GUINNESS |
142.00 |
136.00 |
-6.00 |
-4.23 |
|
MOBIL |
114.00 |
108.30 |
-5.70 |
-5.00 |
|
SKYESHELT |
95.19 |
90.44 |
-4.75 |
-4.99 |
|
OANDO |
91.00 |
86.85 |
-4.15 |
-4.56 |
Figure 2
Top 5 Price Losers
Monetary Policy Rate: 6.00 %
Business News
No news
Term of the day:
FULL DISCLOSURE:
The general need in business transactions for both parties to tell the whole truth about any material issue pertaining to the transaction.
The SEC requires full disclosure from companies that wish to be publicly traded on the major exchanges. By enforcing this rule, the SEC attempts to instill confidence in investors that the financial marketplace is efficient and transparent so that individual investors can take part in it for material profit.
Stock Market today 12-08-09
by Ope on August 12th, 2009
filed under Capital Market, Make Money
About The Market Today 12/08/09
The downward trend of equity prices on the floor of The Nigerian Stock Exchange (NSE) persisted today. This has continuously impacted negatively on the major market indices as reflected at the close of trading activities for the day.
The Nigerian Stock Exchange (NSE) all share index which is the major barometer for the performance of the market, closed at 24,641.07 down from the opening value of 25,004.66.
Also the Nigerian Stock Exchange (NSE) capitalization which measures the value of equities closed at N5,648.52 billion indicating a fall of N83.35 billion today.
Market patronage in terms of Volume of shares exchanged by investors rose by 500.83 million ordinary shares or 142.53 percent when compared with the position of yesterday. In essence, an aggregate of 852.21 million ordinary shares were traded in 7,185 deals today as against a volume of 351.38 million traded in 9,502 deals in the previous transaction.
Turnover by value was on the upswing like volume as it closed at N8.77 billion; N6.33 billion or 259.43 percent rise as against N2.44 billion worth of stocks traded in the previous trading day.
Table 1
Market Statistics
|
|
Today 12/08/2009 |
Previous day 11/08/2009 |
% Change |
|
NSE All-Share Index |
24,641.07 |
25,004.66 |
-1.45 |
|
Total Deals |
7,185 |
9,502 |
-24.38 |
|
Volume Traded (M) |
852.21 |
351.38 |
142.53 |
|
Value Traded (N’B) |
8.77 |
2.44 |
259.43 |
|
Turn Over Ratio % |
0.15 |
0.06 |
150.00% Change Point |
|
Mkt. Capt. (N’B) |
5,648.52 |
5,731.87 |
-1.45 |
UACN Plc lead the top gainers list again as the stock added N0.80 or 2.16 percent to its share price to close the market at N37.80 from its opening price of N37.00. ETI Plc came second on the list, having gained N0.63 or 4.01 percent as it opened and closed the day at N15.70 and N16.33 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
UACN |
37.00 |
37.80 |
+0.80 |
2.16 |
|
ETI |
15.70 |
16.33 |
+0.63 |
4.01 |
|
ASHAKACEM |
14.35 |
14.95 |
+0.60 |
4.18 |
|
GLAXOSMITH |
17.00 |
17.50 |
+0.50 |
2.94 |
|
UAC-PROP |
15.62 |
15.99 |
+0.37 |
2.37 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, OANDO Plc lead the table for the day as the company share price declined by N4.73 or 4.98 percent to close the market at N90.26 per share, from it opening price of N94.99. Followed on the Chart was BCC Plc that lost N2.40 or 5.00 percent to close the day at N45.60 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
OANDO |
94.99 |
90.26 |
-4.73 |
-4.98 |
|
BCC |
48.00 |
45.60 |
-2.40 |
-5.00 |
|
NESTLE |
203.97 |
201.80 |
-2.17 |
-1.06 |
|
GUINNESS |
139.20 |
138.20 |
-1.00 |
-0.72 |
|
JBERGER |
29.98 |
28.99 |
-0.99 |
-3.30 |
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 682.73 million ordinary shares traded to control 80.11 percent of the aggregate volume of shares traded. The Conglomerates sector, with 59.46 million ordinary shares, traded trailed behind the Insurance sector which represents 6.98 percent of the total volume traded.
Figure 3
United Bank for Africa Plc emerges first as the most patronized stock for the day. Investors traded 554.70 million ordinary shares to controlled 81.25 percent of the aggregate volume traded in the Banking sector and 65.09 percent of the entire market. Transcorp Plc (57.67million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
UBA |
13.00 |
554.70 |
|
TRANSCORP |
0.50 |
57.67 |
|
SKYEBANK |
5.42 |
23.92 |
|
FIRSTINLND |
1.71 |
22.34 |
|
AIICO |
1.38 |
18.35 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N7,979.52 million for a 90.94 percent of the aggregate traded value for the day. The Building Materials Sector (175.78 million) followed, representing 2.00 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that United Bank for Africa Plc led the highest trading by value at N7,135.19 million today. The figure controlled 389.42 percent of total traded value in the Banking sector and 81.32 percent of the overall value traded for the whole market. First Bank Plc (N244.84 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
UBA |
13.00 |
7,135.19 |
|
FIRSTBANK |
15.35 |
244.84 |
|
SKYEBANK |
5.42 |
131.38 |
|
BCC |
`45.60 |
129.44 |
|
GUARANTY |
13.89 |
113.83 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
Nigeria Breweries Plc is the highest capitalized stock at N393.33 billion today. This was followed by First Bank of Nigeria Plc with N379.53 billion. Zenith Bank Plc N323.01 billion, UBA Plc with N280.14 billion and Guaranty Trust Bank Plc N262.33 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 |
|
NB |
393.33 |
24.01 |
6.96 |
|
FIRSTBANK |
379.53 |
23.17 |
6.72 |
|
ZENITHBANK |
323.01 |
19.72 |
5.72 |
|
UBA |
280.14 |
17.10 |
4.96 |
|
GUARANTY |
262.33 |
16.01 |
4.64 |
|
Total |
1,638.34 |
100 |
29.00 |
|
Others |
4,010.18 |
|
71.00 |
|
Grand Total |
5,648.52 |
|
100.00 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 6.00 %
Business News
No news
Term of the day:
FULL DISCLOSURE:
The general need in business transactions for both parties to tell the whole truth about any material issue pertaining to the transaction.
The SEC requires full disclosure from companies that wish to be publicly traded on the major exchanges. By enforcing this rule, the SEC attempts to instil confidence in investors that the financial marketplace is efficient and transparent so that individual investors can take part in it for material profit.
Stock Market report for 10-08-09
by Ope on August 10th, 2009
filed under Capital Market, Make Money, News
The activities of profit takers has continuing to
propel the market on an irregular situation pushing the major market indication on a southward direction.
A review of market activities today shows that the NSE All-Share Index drop by 209.37 points or 0.82 percent to settle at 25,173.13 points when compared to 25,382.50 points posted last week trading.
Market patronage in terms of Volume of shares exchanged by investors drop by 129.94 million ordinary shares or 17.58 percent when compared with the position of the last trading day. In essence, an aggregate of 609.15 million ordinary shares were traded in 7,118 deals today as against a volume of 739.09 million traded in 7,633 deals in the previous transaction.
Turnover by value was on the downswing like volume as it closed at N3.00 billion; N0.03 billion or 0.99 percent drop as against N3.03 billion worth of stocks traded in the previous trading day.
Table 1
Market Statistics
|
|
Today 10/08/2009 |
Previous day 07/08/2009 |
% Change |
|
NSE All-Share Index |
25,173.13 |
25,382.50 |
-0.82 |
|
Total Deals |
7,118 |
7,633 |
-6.75 |
|
Volume Traded (M) |
609.15 |
739.09 |
-17.58 |
|
Value Traded (N’B) |
3.00 |
3.03 |
-0.99 |
|
Turn Over Ratio % |
0.11 |
0.13 |
-15.38% Change Point |
|
Mkt. Capt.(N’B) |
5,770.49 |
5,818.48 |
-0.82 |
Oando Plc lead the top gainers list again as the stock added N4.00 or 4.35 percent to its share price to close the market at N96.00 from its opening price of N92.00. Nestle Plc came second on the list, having gained N1.55 or 0.78 percent as it opened and closed the day at N198.45 and N200.00 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
OANDO |
92.00 |
96.00 |
+4.00 |
4.35 |
|
NESTLE |
198.45 |
200.00 |
+1.55 |
0.78 |
|
UNILEVER |
15.06 |
15.81 |
+0.75 |
4.98 |
|
BCC |
49.00 |
49.49 |
+0.49 |
1.00 |
|
DANGSUGAR |
17.48 |
17.96 |
+0.48 |
2.75 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, NB Plc lead the table for the day as the company share price declined by N2.60 or 4.68 percent to close the market at N52.90 per share, from it opening price of N55.50. Followed on the Chart was Conoil Plc that lost N2.47 or 5.00 percent to close the day at N46.93 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
NB |
55.50 |
52.90 |
-2.60 |
-4.68 |
|
CONOIL |
49.40 |
46.93 |
-2.47 |
-5.00 |
|
UACN |
40.00 |
38.00 |
-2.00 |
-5.00 |
|
WAPCO |
35.40 |
33.63 |
-1.77 |
-5.00 |
|
PZ |
20.00 |
19.03 |
-0.97 |
-4.85 |
Figure 2
Top 5 Price Losers
Monetary Policy Rate: 6.00 %
Business News
No news
Term of the day:
INVESTMENT BANKING:
A specific division of banking related to the creation of capital for other companies. Investment banks underwrite new debt and equity securities for all types of corporations.
Investment banks also provide guidance to issuers regarding the issue and placement of stock. Investment Banks also aid in the sale of securities in some instances. They also help to facilitate mergers and acquisitions, reorganizations and broker trades for both institutions and private investors. They can also trade securities for their own accounts.
NSE MARKET ANALYSIS FOR 22-07-09
by Ope on July 22nd, 2009
filed under Capital Market, Make Money
The downward trend of equity prices on the floor of The Nigerian Stock Exchange (NSE) persisted today. This has continuously impacted negatively on the major market indices as reflected at the close of trading activities for the day.
The Nigerian Stock Exchange (NSE) all share index which is the major barometer for the performance of the market, closed at 22,365.02 down from the opening value of 22,664.29.
Also the Nigerian Stock Exchange (NSE) capitalization which measures the value of equities closed at N5,126.78 billion indicating a fall of N68.60 billion today.
Market patronage in terms of Volume of shares exchanged by investors rose by 183.19 million ordinary shares or 59.90 percent when compared with the position of yesterday. In essence, an aggregate of 489.04 million ordinary shares were traded in 8,811 deals today as against a volume of 305.85 million traded in 6,697 deals in the previous transaction.
Turnover by value was on the upswing like volume as it closed at N3.69 billion; N1.40 billion or 61.14 percent rise as against N2.29 billion worth of stocks traded in the previous trading day.
Table 1
Market Statistics
|
|
Today 22/07/2009 |
Previous day 21/07/2009 |
% Change |
|
NSE All-Share Index |
22,365.02 |
22,664.29 |
-1.32 |
|
Total Deals |
8,811 |
6,697 |
31.57 |
|
Volume Traded (M) |
489.04 |
305.85 |
59.90 |
|
Value Traded (N’B) |
3.69 |
2.29 |
61.14 |
|
Turn Over Ratio % |
0.10 |
0.06 |
66.67% Change Point |
|
Mkt. Capt. (N’B) |
5,126.78 |
5,195.38 |
-1.32 |
Benue Cement Company (BCC) Plc lead the top gainers list again as the stock added N1.63 or 4.98 percent to its share price to close the market at N34.35 from its opening price of N32.72. Guaranty Trust Bank Plc came second on the list, having gained N0.66 or 4.96 percent as it opened and closed the day at N13.31 and N13.97 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
BCC |
32.72 |
34.35 |
+1.63 |
4.98 |
|
GUARANTY |
13.31 |
13.97 |
+0.66 |
4.96 |
|
WAPCO |
25.36 |
26.00 |
+0.64 |
2.52 |
|
UNILEVER |
11.39 |
11.94 |
+0.55 |
4.83 |
|
GUINNESS |
130.50 |
131.05 |
+0.55 |
0.42 |
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 N6.50 or 3.79 percent to close the market at N165.00 per share, from it opening price of N171.50. Followed on the Chart was Mobil Plc that lost N5.85 or 5.00 percent to close the day at N111.15 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
NESTLE |
171.50 |
165.00 |
-6.50 |
-3.79 |
|
MOBIL |
117.00 |
111.15 |
-5.85 |
-5.00 |
|
CONOIL |
52.26 |
49.65 |
-2.61 |
-4.99 |
|
NB |
52.63 |
50.60 |
-2.03 |
-3.86 |
|
JBERGER |
29.04 |
27.59 |
-1.45 |
-4.99 |
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 286.60 million ordinary shares traded to control 58.60 percent of the aggregate volume of shares traded. The Insurance sector, with 111.25 million ordinary shares, traded trailed behind the Insurance sector which represents 22.75 percent of the total volume traded.
Figure 3
Zenith Bank Plc emerges first as the most patronized stock for the day. Investors traded 50.79 million ordinary shares to controlled 28.33 percent of the aggregate volume traded in the Banking sector and 14.94 percent of the entire market. United Bank for Africa Plc (26.78 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
ZENITHBANK |
11.00 |
50.79 |
|
FIRSTBANK |
13.60 |
40.87 |
|
IAINSURE |
0.50 |
39.60 |
|
DIAMONDBNK |
6.01 |
34.22 |
|
JBERGER |
27.59 |
27.31 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N1,474.42 million for a 64.36 percent of the aggregate traded value for the day. The Breweries sector (N250.63 million) followed, representing 17.57 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that Julius Berger Plc led the highest trading by value at N753.46 million today. The figure controlled 98.28 percent of total traded value in the Construction sector and 20.43 percent of the overall value traded for the whole market. Zenith Bank Plc (N559.39 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
JBERGER |
27.59 |
753.46 |
|
ZENITHBANK |
11.00 |
559.39 |
|
FIRSTBANK |
13.60 |
558.42 |
|
UBA |
10.50 |
247.82 |
|
DIAMONDBNK |
6.01 |
205.65 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
Nigeria Breweries Plc is the highest capitalized stock at N382.67 billion today. This was followed by First Bank of Nigeria Plc with N336.26 billion. Zenith Bank Plc N276.29 billion, Guaranty Plc with N263.84 billion and UBA Bank Plc N226.27 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 |
|
NB |
382.67 |
25.76 |
7.46 |
|
FIRSTBANK |
336.26 |
22.64 |
6.56 |
|
ZENITHBANK |
276.29 |
18.60 |
5.39 |
|
GUARANTY |
263.84 |
17.76 |
5.15 |
|
UBA |
226.27 |
15.23 |
4.41 |
|
Total |
1,485.33 |
100 |
28.97 |
|
Others |
3,641.45 |
|
71.03 |
|
Grand Total |
5,126.78 |
|
100.00 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 6.00 %
Business News
No news
Term of the day:
ABNORMAL RETURN:
A term used to describe the returns generated by a given security or portfolio over a period of time that is different from the expected rate of return
An abnormal return can be either a good or bad thing, as it is merely a summary of how the actual returns differ from the predicted return. For example, earning 30% in a mutual fund that is expected to average 10% per year would create a positive abnormal return of 20%. If, on the other hand, the actual return was 5%, this would generate a negative abnormal return of 5%.