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

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

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

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 2^nd 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

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.