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Home Markets Equities Stock Market

Market tanks for the second day running as profit taking intensifies

Nairametrics by Nairametrics
April 8, 2015
in Stock Market
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  • The NSEASI pared 2.19% to record the second consecutive loss for the week, as YtD return plunged to -1.09%. Market breadth (0.24x) favoured decliners, as 11 stocks advanced against 46 decliners. Volume traded surged by 21.02%, while market turnover waned by 43.91%.
  • AGLEVENT led the gainers’ chart with a 9.68% gain, closely followed by COSTAIN, NEIMETH, LEARNAFRCA and RTBRISCOE with respective gains of 7.89%, 6.41%, 4.35% and 3.80%. Contrarily, OANDO led the losers with a 9.73% loss and closed at NGN15.78. Other major underperformers included UAC-PROP (-7.46%), WAPIC (-7.02%), UBCAP (-6.85%) and GUARANTY (-5.70%).
  • Similar to yesterday’s outcome, all sector indices closed with negative returns, with NSEBNK10 (-3.46%) and NSEOILG5 (-3.63%) recording the highest losses, trailed by NSEFBT10 (-1.93%) and NSEINS10 (-1.91%).
  • We attribute the current bearish trend to profit-taking on stocks which recorded major gains during the period of market upturn, earnings releases and dividend declarations. We envisage a persistence in this trend for the rest of the week until stocks become relatively cheaper and attractive for position-taking.
  • Source Meristem
TickerPreviousClose%age Gain
AGLEVENT1.241.369.68%
COSTAIN0.760.827.89%
NEIMETH0.780.836.41%
LEARNAFRCA1.381.444.35%
RTBRISCOE0.790.823.80%
NESTLE9801,000.032.04%
NASCON7.87.91.28%
CHAMPION8.118.211.23%
VITAFOAM4.124.140.49%
DANGFLOUR4.484.50.45%
7UP1611610.00%
ABCTRANS0.60.60.00%
ACADEMY1.061.060.00%
AFROMEDIA0.50.50.00%
AIICO0.980.980.00%
AIRSERVICE1.781.780.00%
ALUMACO7.757.750.00%
ASHAKACEM21.421.40.00%
AVONCROWN1.591.590.00%
BETAGLAS23.6923.690.00%
BOCGAS5.215.210.00%
CADBURY40400.00%
CAP35.6635.660.00%
CHAMS0.50.50.00%
CILEASING0.50.50.00%
CONOIL39.539.50.00%
CORNERST0.50.50.00%
COURTVILLE0.50.50.00%
EVANSMED2.22.20.00%
FIDSON3.363.360.00%
FIRSTALUM0.50.50.00%
FO207.5207.50.00%
FORTISMFB5.425.420.00%
FTNCOCOA0.50.50.00%
GLAXOSMITH56.2656.260.00%
GUINNESS133.37133.370.00%
IKEJAHOTEL4.884.880.00%
INTENEGINS0.530.530.00%
JOHNHOLT0.940.940.00%
MAYBAKER1.661.660.00%
MORISON1.821.820.00%
MRS50.5450.540.00%
NNFM18.0518.050.00%
OKOMUOIL26.8826.880.00%
PAINTCOM1.41.40.00%
PORTPAINT3.53.50.00%
PRESCO28.528.50.00%
PRESTIGE0.50.50.00%
PZ27.8127.810.00%
REDSTAREX3.63.60.00%
STACO0.50.50.00%
STANBIC30300.00%
STDINSURE0.50.50.00%
STERLNBANK2.362.360.00%
TOTAL1821820.00%
UBN11110.00%
UNIONDAC0.50.50.00%
UNIONDICON11.8411.840.00%
UNITYBNK0.50.50.00%
UPDCREIT10100.00%
VONO0.850.850.00%
FLOURMILL34.0134-0.03%
JBERGER50.2650.24-0.04%
ACCESS6.526.5-0.31%
FBNH9.219.18-0.33%
UACN36.7936.5-0.79%
ETI19.7919.6-0.96%
UBA4.684.63-1.07%
DANGCEM180178.01-1.11%
ROYALEX0.560.55-1.79%
AFRIPRUD2.72.65-1.85%
CUSTODYINS4.14.01-2.20%
UNILEVER44.643.5-2.47%
MANSARD2.992.91-2.68%
FIDELITYBK2.072-3.38%
DANGSUGAR7.447.18-3.49%
DIAMONDBNK4.534.35-3.97%
NEM0.750.72-4.00%
TRANSEXPR1.191.14-4.20%
CONTINSURE0.90.86-4.44%
CAVERTON3.143-4.46%
WEMABANK1.061.01-4.72%
HONYFLOUR3.153-4.76%
NPFMCRFBK1.051-4.76%
SKYEBANK2.512.39-4.78%
LIVESTOCK2.52.38-4.80%
CUTIX1.661.58-4.82%
TRANSCORP3.53.33-4.86%
UPL4.74.47-4.89%
BERGER9.989.49-4.91%
ETERNA3.042.89-4.93%
CCNN12.3511.74-4.94%
FCMB3.233.07-4.95%
NAHCO6.426.1-4.98%
SEPLAT400.71380.68-5.00%
INTBREW22.821.66-5.00%
MOBIL170161.5-5.00%
NB160152-5.00%
WAPCO9388.35-5.00%
ZENITHBANK23.822.61-5.00%
GUARANTY28.7927.15-5.70%
UBCAP1.461.36-6.85%
WAPIC0.570.53-7.02%
UAC-PROP11.410.55-7.46%
OANDO17.4815.78-9.73%

 

 

Tags: AIICO Insurance - NewsMRS Oil Nigeria - News
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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