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The Nigerian equities market traded negative on all trading days of the week, closing with a WoW loss of 0.92%. This brought YtD returns back to a negative of -0.78%, from +0.15% the prior week. Volume and value of transactions increased by 34.69% and 66.03% over the previous four-day trading week. Market breadth for the week also indicated the overall negative sentiments, as it pegged at 0.70x, representing 46 losers against 32 gainers.
Top gainers for the week were VITAFOAM, CILEASING, REDSTAREX, HONYFLOUR, and CAP, which posted significant gains of 32.51%, 26.92%, 24.34%, 20.73%, and 20.58% in that order. On the converse, UNITYBNK once again outperformed other losers with a loss of 32.65%, bringing its price down to NGN2.62. Other top losers for the week were LEARNAFRICA, ABCTRANS, ACADEMY, and CCNN, with losses of 11.19%, 9.52%, 9.43%, and 9.40% respectively.
The negative mood in the market confirms our belief that investors are hesitant about full re-entry into the market. The paucity of enticing news, capable of driving “BUY” sentiments from investors, has also contributed greatly to the current negative returns in the market. However, we anticipate a rally in the coming week on lowly priced stocks, just as same is widely expected to accompany the handover to the new government at the end of the month.
Source Meristem
Price list below
TICKER
Pclose
Close
%age Change
7UP
162
162
0.00%
ABBEYBDS
1.3
1.3
0.00%
ABCTRANS
0.57
0.57
0.00%
ACADEMY
0.96
0.96
0.00%
ACCESS
5.99
5.98
-0.17%
AFRINSURE
0.5
0.5
0.00%
AFRIPRUD
2.99
2.99
0.00%
AFROMEDIA
0.5
0.5
0.00%
AFRPAINTS
2.72
2.72
0.00%
AGLEVENT
1.62
1.62
0.00%
AIICO
1.09
1.04
-4.59%
AIRSERVICE
2.1
2.1
0.00%
ALEX
10.43
10.43
0.00%
ALUMACO
7.75
7.75
0.00%
ARBICO
5.3
5.3
0.00%
ASHAKACEM
20.47
20.47
0.00%
ASOSAVINGS
0.5
0.5
0.00%
AUSTINLAZ
2.09
2.09
0.00%
AVONCROWN
1.59
1.52
-4.40%
BECOPETRO
0.5
0.5
0.00%
BERGER
9.07
9.07
0.00%
BETAGLAS
30
30
0.00%
BOCGAS
5.21
5.21
0.00%
CADBURY
39.9
39.9
0.00%
CAVERTON
3.3
3.45
4.55%
CAP
39.31
43
9.39%
CAPHOTEL
4.07
4.07
0.00%
CCNN
10.5
10.5
0.00%
CHAMPION
7.31
7.3
-0.14%
CHAMS
0.5
0.5
0.00%
CHELLARAM
3.95
3.95
0.00%
CILEASING
0.6
0.66
10.00%
CONOIL
38.02
38.02
0.00%
CONTINSURE
0.99
0.99
0.00%
CORNERST
0.5
0.5
0.00%
COSTAIN
0.82
0.82
0.00%
COURTVILLE
0.5
0.5
0.00%
CUSTODYINS
4.2
4.2
0.00%
CUTIX
1.66
1.66
0.00%
CWG
4
4
0.00%
DAARCOMM
0.5
0.5
0.00%
DANGCEM
178
178
0.00%
DANGFLOUR
4.6
4.61
0.22%
DANGSUGAR
6.4
6.4
0.00%
DEAPCAP
0.67
0.67
0.00%
DIAMONDBNK
4.65
4.6
-1.08%
DNMEYER
0.83
0.83
0.00%
DUNLOP
0.5
0.5
0.00%
EKOCORP
3.72
3.72
0.00%
ELLAHLAKES
4.26
4.26
0.00%
ENAMELWA
31.82
31.82
0.00%
EQUITYASUR
0.5
0.5
0.00%
ETERNA
2.8
2.7
-3.57%
ETI
24.55
24.49
-0.24%
ETRANZACT
3.39
3.39
0.00%
EVANSMED
1.99
1.99
0.00%
FBNH
8.93
9.1
1.90%
FCMB
3.3
3.25
-1.52%
FIDELITYBK
1.93
1.92
-0.52%
FIDSON
3.15
3.15
0.00%
FIRSTALUM
0.5
0.5
0.00%
FLOURMILL
34.06
35.29
3.61%
FO
170.15
163.01
-4.20%
FORTISMFB
5.42
5.42
0.00%
FTNCOCOA
0.5
0.5
0.00%
GCAPPA
14.46
14.46
0.00%
GLAXOSMITH
54
54
0.00%
GNI
0.5
0.5
0.00%
GOLDBREW
0.93
0.93
0.00%
GOLDINSURE
0.53
0.53
0.00%
GUARANTY
28.83
28.83
0.00%
GUINEAINS
0.5
0.5
0.00%
GUINNESS
160.56
160.56
0.00%
HMARKINS
0.5
0.5
0.00%
HONYFLOUR
3.79
3.96
4.49%
IAINSURE
0.5
0.5
0.00%
IKEJAHOTEL
3.86
3.96
2.59%
INFINITY
1.42
1.42
0.00%
INTBREW
21.49
20.42
-4.98%
INTENEGINS
0.55
0.57
3.64%
INTERLINK
4.66
4.66
0.00%
IPWA
0.5
0.5
0.00%
JAPAULOIL
0.5
0.5
0.00%
JBERGER
51.7
51.7
0.00%
JOHNHOLT
0.9
0.9
0.00%
JOSBREW
2.02
2.02
0.00%
LASACO
0.5
0.5
0.00%
LAWUNION
0.5
0.5
0.00%
LEARNAFRCA
1.33
1.27
-4.51%
LENNARDS
3.15
3.15
0.00%
LINKASSURE
0.5
0.5
0.00%
LIVESTOCK
2.4
2.45
2.08%
LOTUSHAL15
10.61
10.65
0.38%
MANDRID
5.35
5.35
0.00%
MANSARD
2.85
2.99
4.91%
MAYBAKER
1.71
1.79
4.68%
MBENEFIT
0.5
0.5
0.00%
MOBIL
150
150
0.00%
MORISON
1.82
1.82
0.00%
MRS
50.54
50.54
0.00%
MTECH
0.91
0.91
0.00%
MTI
0.5
0.5
0.00%
MULTITREX
0.5
0.5
0.00%
MULTIVERSE
0.5
0.5
0.00%
NAHCO
6.5
6.68
2.77%
NASCON
8.55
8.3
-2.92%
NB
154
153.5
-0.32%
NCR
12.19
12.19
0.00%
NEIMETH
1.03
1
-2.91%
NEM
0.7
0.7
0.00%
NESF
552.2
552.2
0.00%
NESTLE
900
900
0.00%
NEWGOLD
2275
2281
0.26%
NIGERINS
0.5
0.5
0.00%
NIG-GERMAN
6.32
6.32
0.00%
NIGROPES
7.46
7.46
0.00%
NIGSEWING
#DIV/0!
NIWICABLE
0.5
0.5
0.00%
NNFM
18.05
18.05
0.00%
NPFMCRFBK
1.3
1.3
0.00%
NSLTECH
0.5
0.5
0.00%
OANDO
18.4
18.4
0.00%
OKOMUOIL
28.52
28.52
0.00%
OMATEK
0.5
0.5
0.00%
PAINTCOM
1.27
1.27
0.00%
PHARMDEKO
2.13
2.13
0.00%
PORTPAINT
3.83
3.83
0.00%
PREMBREW
3.61
3.61
0.00%
PREMPAINTS
10.93
10.93
0.00%
PRESCO
29.48
28.98
-1.70%
PRESTIGE
0.5
0.5
0.00%
PZ
28
28
0.00%
REDSTAREX
4.7
4.7
0.00%
REGALINS
0.5
0.5
0.00%
RESORTSAL
0.5
0.5
0.00%
ROADS
6.29
6.29
0.00%
ROYALEX
0.5
0.5
0.00%
RTBRISCOE
1.01
1.01
0.00%
SCOA
4.44
4.44
0.00%
SEPLAT
387
387
0.00%
SIMCAPVAL
103.24
103.24
0.00%
SKYEBANK
2.5
2.5
0.00%
SKYESHELT
100
100
0.00%
SOVRENINS
0.5
0.5
0.00%
STACO
0.5
0.5
0.00%
STANBIC
29.9
30
0.33%
STANBICETF30
107.95
107.95
0.00%
STDINSURE
0.5
0.5
0.00%
STERLNBANK
2.14
2.15
0.47%
STOKVIS
0.14
0.14
0.00%
STUDPRESS
2.3
2.3
0.00%
TANTALIZER
0.5
0.5
0.00%
THOMASWY
0.73
0.73
0.00%
TOTAL
165
165
0.00%
TOURIST
3.51
3.51
0.00%
TRANSCOHOT
9.63
9.63
0.00%
TRANSCORP
3.23
3.2
-0.93%
TRANSEXPR
1.16
1.16
0.00%
TRIPPLEG
1.69
1.69
0.00%
UACN
40
40
0.00%
UAC-PROP
10.25
10.25
0.00%
UBA
5.15
5
-2.91%
UBCAP
1.49
1.49
0.00%
UBN
10.89
11
1.01%
UHOMREIT
45.22
45.22
0.00%
UNHOMES
6.4
6.4
0.00%
UNIC
0.5
0.5
0.00%
UNILEVER
43.04
43
-0.09%
UNIONDAC
0.5
0.5
0.00%
UNIONDICON
11.84
11.84
0.00%
UNITYBNK
2.75
2.62
-4.73%
UNITYKAP
0.5
0.5
0.00%
UNIVINSURE
0.5
0.5
0.00%
UPDCREIT
10
10
0.00%
UPL
5.5
5.48
-0.36%
UTC
0.5
0.5
0.00%
VANLEER
11.48
11.48
0.00%
VETGRIF30
15.81
15.79
-0.13%
VITAFOAM
6.4
6.4
0.00%
VONO
0.98
0.98
0.00%
WAGLASS
0.63
0.63
0.00%
WAPCO
96
98.5
2.60%
WAPIC
0.53
0.53
0.00%
WEMABANK
0.98
0.97
-1.02%
ZENITHBANK
21.4
21.26
-0.65%
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