B-O-O-M: Skye Bank tops gainers chart...[See details]

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The previous week’s bullish momentum was sustained, as NSEASI rose by 0.99% to start the week on a positive note. 39 stocks appreciated in value against 20 decliners to bring YtD return to +0.36%. The volume and value of transactions also increased by 64.9% and 113.58% accordingly.

SKYEBANK closed on full bid today, and emerged as the top gainer with a 9.68% gain. The ticker was closely followed by FO, NEM, PRESCO and DIAMONDBNK with respective gains of 9.10%, 8.82%, 8.50% and 6.41%. On the flip side, TRANSEXPR led the losers’ chart, after it shed 4.72% to close at NGN1.01. Other top underperformers included CAP (-4.65%), VONO (-4.26%), CUSTODYINS (-4.08%) and VITAFOAM (-2.19%).

All sector indices trended northwards with NSEOILG5 recording the highest gain of 3.48%. The sector index was trailed by NSEBNK10 (+1.92%), NSEFBT10 (+0.76%) and NSEINS10 (+0.25%).

We attribute today’s market performance to position-taking on fundamentally justified stocks, which are seen as attractive at current market prices. While we anticipate fairly positive trading during the week, we believe that the outcome of the ongoing MPC meeting, scheduled for 18th and 19th of May, would go a long way in determining market direction for the week.
Source Meristem

TICKER	Pclose	Close	Volume	Today’s % Price ∆	YtD % ∆	Yr high	Yr low
7UP	176	178	62,066	1.14%	8%	178	153
ABBEYBDS	1.25	1.25		0.00%	-4%	1.3	1.25
ABCTRANS	0.56	0.58	258,327	3.57%	5%	0.63	0.51
ACADEMY	1	1	10,181	0.00%	-15%	1.18	0.96
ACCESS	6.18	6.28	12,775,279	1.62%	-5%	6.89	4.71
AFRINSURE	0.5	0.5		0.00%	0%	0.5	0.5
AFRIPRUD	2.99	3.04	1,337,211	1.67%	0%	3.35	2.4
AFROMEDIA	0.5	0.5	350	0.00%	0%	0.5	0.5
AFRPAINTS	2.72	2.72		0.00%	0%	2.72	2.72
AGLEVENT	1.62	1.62		0.00%	24%	1.63	1.2
AIICO	1	1.01	3,933,337	1.00%	25%	1.14	0.75
AIRSERVICE	2.11	2.21	177,467	4.74%	30%	2.21	1.65
ALEX	10.43	10.43	36	0.00%	0%	10.43	10.43
ALUMACO	7.75	7.75	9	0.00%	0%	7.75	7.75
ARBICO	5.3	5.3		0.00%	0%	5.3	5.3
ASHAKACEM	20.47	21	690,828	2.59%	-4%	22.33	17.9
ASOSAVINGS	0.5	0.5		0.00%	0%	0.5	0.5
AUSTINLAZ	2.09	2.09		0.00%	0%	2.09	2.09
AVONCROWN	1.52	1.52		0.00%	-4%	1.59	1.52
BECOPETRO	0.5	0.5		0.00%	0%	0.5	0.5
BERGER	10	10	56,560	0.00%	11%	10	8
BETAGLAS	33	33	89,097	0.00%	19%	33	22.57
BOCGAS	5.11	5.11	3,484	0.00%	-7%	5.48	5.11
CADBURY	39.9	39.9	122,158	0.00%	0%	42	37.9
CAVERTON	3.7	3.7	4,551	0.00%	6%	3.7	2.81
CAP	43	41	221,097	-4.65%	9%	43	34
CAPHOTEL	4.07	4.07		0.00%	-5%	4.28	4.07
CCNN	10.5	10.48	947,201	-0.19%	1%	12.35	8.93
CHAMPION	7.09	7	1,329,601	-1.27%	0%	8.11	4.78
CHAMS	0.5	0.5	49,700	0.00%	0%	0.51	0.5
CHELLARAM	3.95	3.95		0.00%	0%	3.95	3.95
CILEASING	0.69	0.68	2,291,683	-1.45%	36%	0.68	0.5
CONOIL	39.92	41.91	286,563	4.98%	10%	41.91	32.2
CONTINSURE	0.99	0.99	3,809,585	0.00%	-3%	1.02	0.82
CORNERST	0.5	0.5	11,211	0.00%	0%	0.5	0.5
COSTAIN	0.81	0.81	92,261	0.00%	9%	0.95	0.61
COURTVILLE	0.5	0.5	115,000	0.00%	0%	0.5	0.5
CUSTODYINS	4.17	4	2,773,596	-4.08%	10%	4.38	3.42
CUTIX	1.58	1.58	40,000	0.00%	22%	1.83	1.24
CWG	4	4	100	0.00%	-3%	4.13	4
DAARCOMM	0.5	0.5		0.00%	0%	0.5	0.5
DANGCEM	178.5	178.49	50,613	-0.01%	-11%	190	151.1
DANGFLOUR	4.64	4.64	170,779	0.00%	2%	4.94	2.89
DANGSUGAR	6.6	6.55	736,883	-0.76%	3%	7.44	5.1
DEAPCAP	0.67	0.67		0.00%	-4%	0.7	0.67
DIAMONDBNK	4.37	4.65	45,506,852	6.41%	-17%	5.45	3.58
DNMEYER	0.83	0.83	4,750	0.00%	-5%	0.87	0.83
DUNLOP	0.5	0.5	1,221	0.00%	0%	0.5	0.5
EKOCORP	3.72	3.72		0.00%	0%	3.72	3.72
ELLAHLAKES	4.26	4.26		0.00%	0%	4.26	4.26
ENAMELWA	31.82	31.82	100	0.00%	0%	31.82	31.82
EQUITYASUR	0.5	0.5	100	0.00%	0%	0.5	0.5
ETERNA	2.7	2.65	872,882	-1.85%	-11%	3.05	2.52
ETI	21.56	21.6	1,468,678	0.19%	16%	24.49	14.35
ETRANZACT	3.39	3.39		0.00%	0%	3.39	3.39
EVANSMED	1.99	1.99	17,866	0.00%	-13%	2.28	1.99
FBNH	8.99	9.2	21,902,391	2.34%	5%	10.54	6.97
FCMB	3	3.1	10,641,653	3.33%	24%	3.61	2.01
FIDELITYBK	1.89	1.88	7,957,754	-0.53%	16%	2.07	1.15
FIDSON	3.2	3.3	86,576	3.13%	-15%	3.9	3
FIRSTALUM	0.5	0.5	4,547	0.00%	0%	0.5	0.5
FLOURMILL	35	34.9	2,062,406	-0.29%	-11%	39.8	30.51
FO	173.23	189	338,616	9.10%	-17%	231.88	163.01
FORTISMFB	5.42	5.42		0.00%	0%	5.42	5.42
FTNCOCOA	0.5	0.5	500,200	0.00%	0%	0.5	0.5
GCAPPA	14.46	14.46	207	0.00%	0%	14.46	14.46
GLAXOSMITH	44.2	44.2	49,542	0.00%	-12%	56.26	40
GNI	0.5	0.5	5,000,000	0.00%	0%	0.5	0.5
GOLDBREW	0.93	0.93		0.00%	1%	0.93	0.89
GOLDINSURE	0.53	0.53		0.00%	0%	0.53	0.53
GUARANTY	29.5	30	20,568,096	1.69%	19%	31.88	17.52
GUINEAINS	0.5	0.5	100	0.00%	0%	0.5	0.5
GUINNESS	155	158.5	694,742	2.26%	-6%	170	125
HMARKINS	0.5	0.5		0.00%	0%	0.5	0.5
HONYFLOUR	3.47	3.64	297,900	4.90%	5%	3.96	2.65
IAINSURE	0.5	0.5		0.00%	0%	0.5	0.5
IHS			–	–	–	3.8	3.8
IKEJAHOTEL	3.79	3.79	27,110	0.00%	2%	4.88	2.6
INFINITY	1.42	1.42		0.00%	-2%	1.45	1.42
INTBREW	20	20	59,234	0.00%	-14%	22.8	17.8
INTENEGINS	0.53	0.55	2,315,918	3.77%	10%	0.57	0.5
INTERLINK	4.66	4.66		0.00%	0%	4.66	4.66
IPWA	0.5	0.5	1,263	0.00%	0%	0.5	0.5
JAPAULOIL	0.5	0.5	1,200	0.00%	0%	0.5	0.5
JBERGER	51.7	51.7	49,653	0.00%	-15%	57.63	41.61
JOHNHOLT	0.9	0.9	319	0.00%	-8%	1.02	0.9
JOSBREW	1.92	1.92	59,240	0.00%	-9%	2.12	1.92
LASACO	0.5	0.5		0.00%	0%	0.5	0.5
LAWUNION	0.5	0.5	850	0.00%	0%	0.5	0.5
LEARNAFRCA	1.15	1.15	36,000	0.00%	-15%	1.51	1.07
LENNARDS	3.15	3.15		–	–	3.15	3.15
LINKASSURE	0.5	0.5	2,101,000	0.00%	0%	0.5	0.5
LIVESTOCK	2.4	2.4	2,250,456	0.00%	5%	2.53	2.02
LOTUSHAL15	10.8	10.82	5	0.19%	3%	10.9	8.97
MANDRID	5.35	5.35		0.00%	0%	5.35	5.35
MANSARD	3	3	314,175	0.00%	-6%	3.19	2.85
MAYBAKER	1.6	1.68	632,265	5.00%	6%	1.95	1.37
MBENEFIT	0.5	0.5	100	0.00%	0%	0.5	0.5
MOBIL	151.3	151.3	11,561	0.00%	-4%	170	140
MORISON	1.82	1.82	4,863	0.00%	0%	1.82	1.82
MRS	50.54	50.54	14,559	0.00%	-5%	53.2	50.54
MTECH	0.91	0.91		0.00%	0%	0.91	0.91
MTI	0.5	0.5		0.00%	0%	0.5	0.5
MULTITREX	0.5	0.5		0.00%	0%	0.5	0.5
MULTIVERSE	0.5	0.5	300	0.00%	0%	0.5	0.5
NAHCO	6	6	552,059	0.00%	21%	6.94	4.61
NASCON	8	8.07	2,638,816	0.88%	30%	8.94	5.95
NB	155.18	156.99	526,894	1.17%	-5%	163.76	131.5
NCR	12.19	12.19	2,709	0.00%	-5%	12.83	12.19
NEIMETH	1.1	1.1	59,339	0.00%	41%	1.13	0.64
NEM	0.68	0.74	3,147,046	8.82%	14%	0.75	0.53
NESF	552.2	552.2		0.00%	0%	552.2	552.2
NESTLE	900	901	76,620	0.11%	-11%	1044.05	764.75
NEWGOLD	2333	2329	70	-0.17%	8%	2407	2099
NIGERINS	0.5	0.5	167,927	0.00%	0%	0.5	0.5
NIG-GERMAN	6.32	6.32	136	0.00%	0%	6.32	6.32
NIGROPES	7.46	7.46	142	0.00%	0%	7.46	7.46
NIGSEWING			–	–	–	0	0
NIWICABLE	0.5	0.5	16	0.00%	0%	0.5	0.5
NNFM	18.05	18.05	35,148	0.00%	0%	18.05	18.05
NPFMCRFBK	1.26	1.27	1,267,900	0.79%	59%	1.39	0.8
NSLTECH	0.5	0.5	100	0.00%	0%	0.5	0.5
OANDO	17.81	18	4,816,119	1.07%	12%	19.96	13.23
OKOMUOIL	28.19	28.2	275,183	0.04%	11%	30.7	23.9
OMATEK	0.5	0.5	350	0.00%	0%	0.5	0.5
PAINTCOM	1.27	1.33	2,073,270	4.72%	-14%	1.54	1.27
PHARMDEKO	2.13	2.13		0.00%	0%	2.24	2.13
PORTPAINT	3.64	3.64	100	0.00%	-7%	4.03	3.3
PREMBREW	3.43	3.43		0.00%	-9%	3.79	3.43
PREMPAINTS	10.93	10.93		0.00%	0%	10.93	10.93
PRESCO	30	32.55	801,847	8.50%	33%	32.66	24.5
PRESTIGE	0.5	0.5	29,266	0.00%	0%	0.5	0.5
PZ	29	29.25	4,558,058	0.86%	23%	31.23	23.99
REDSTAREX	4.92	4.9	628,700	-0.41%	24%	4.9	3.44
REGALINS	0.5	0.5		0.00%	0%	0.5	0.5
RESORTSAL	0.5	0.5		0.00%	0%	0.5	0.5
ROADS	6.29	6.29	9,732	0.00%	0%	6.29	6.29
ROYALEX	0.5	0.5	107,100	0.00%	0%	0.56	0.5
RTBRISCOE	0.92	0.92	9,292	0.00%	19%	1.01	0.61
SCOA	4.44	4.44	2,271	0.00%	-5%	4.67	4.44
SEPLAT	387	387	123,922	0.00%	4%	450.1	300
SIMCAPVAL	103.24	103.24		0.00%	0%	103.24	103.24
SKYEBANK	2.17	2.38	2,508,308	9.68%	-11%	2.68	1.83
SKYESHELT	100	100		0.00%	0%	100	100
SOVRENINS	0.5	0.5	805,014	0.00%	0%	0.5	0.5
STACO	0.5	0.5		0.00%	0%	0.5	0.5
STANBIC	30	29.92	950,205	-0.27%	11%	30	24
STANBICETF30	107.95	107.95		0.00%	8%	108.18	85
STDINSURE	0.5	0.5		0.00%	0%	0.5	0.5
STERLNBANK	2.15	2.13	1,901,683	-0.93%	-16%	2.5	2.08
STOKVIS	0.14	0.14		0.00%	0%	0.14	0.14
STUDPRESS	2.3	2.3		0.00%	0%	2.3	2.3
TANTALIZER	0.5	0.5		0.00%	0%	0.5	0.5
THOMASWY	0.73	0.73		0.00%	0%	0.73	0.73
TOTAL	150	156.9	61,360	4.60%	10%	182	140
TOURIST	3.51	3.51		0.00%	0%	3.51	3.51
TRANSCOHOT	9.63	9.63		0.00%	-4%	10	9.63
TRANSCORP	3.19	3.18	10,843,053	-0.31%	-2%	3.5	2.54
TRANSEXPR	1.06	1.01	393,410	-4.72%	-18%	1.29	0.91
TRIPPLEG	1.69	1.69	293	0.00%	-9%	1.86	1.69
UACN	40	41.9	259,347	4.75%	23%	41.9	26.7
UAC-PROP	10.25	10.4	565,387	1.46%	9%	11.94	8.1
UBA	5.2	5.46	73,999,715	5.00%	27%	5.61	3.03
UBCAP	1.49	1.49	8,288,922	0.00%	-9%	1.73	1.29
UBN	10.5	10.5	778,935	0.00%	24%	11.5	8
UHOMREIT	45.22	45.22		0.00%	0%	45.22	45.22
UNHOMES	6.4	6.4		0.00%	0%	6.4	0.5
UNIC	0.5	0.5		0.00%	0%	0.5	0.5
UNILEVER	45.03	45.11	645,195	0.18%	26%	45.11	32
UNIONDAC	0.5	0.5		0.00%	0%	0.5	0.5
UNIONDICON	11.84	11.84	21	0.00%	-15%	13.95	11.84
UNITYBNK	2.23	2.26	4,100,988	1.35%	-55%	5	0.5
UNITYKAP	0.5	0.5		0.00%	0%	0.5	0.5
UNIVINSURE	0.5	0.5	87,600	0.00%	0%	0.5	0.5
UPDCREIT	10	10	100	0.00%	0%	10	10
UPL	6.03	6.03	53,698	0.00%	43%	6.03	3.81
UTC	0.5	0.5	550	0.00%	0%	0.5	0.5
VANLEER	11.48	11.48		0.00%	-5%	12.08	11.48
VETGRIF30	16.06	16.03	17,910	-0.19%	7%	16.56	12.89
VITAFOAM	6.38	6.24	2,908,876	-2.19%	55%	6.4	3.41
VONO	0.94	0.9	592,780	-4.26%	-20%	1.17	0.85
WAGLASS	0.63	0.63		0.00%	0%	0.63	0.63
WAPCO	98.2	98.2	541,539	0.00%	22%	98.5	76
WAPIC	0.54	0.53	350,961	-1.85%	-17%	0.64	0.5
WEMABANK	0.99	1	933,964	1.01%	4%	1.06	0.9
ZENITHBANK	22.22	22.81	13,820,552	2.66%	24%	25.05	15