Stock Market report for 10-08-09

by Ope on August 10th, 2009

filed under Capital Market, Make Money, News

About The Market Today 10/08/09

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

2clip_image004

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

clip_image006

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.

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