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

2clip_image004

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

clip_image006

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.

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