• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Spotlight

Weekly Roundup: Three Factors That Rallied The Market

Nairametrics by Nairametrics
May 16, 2016
in Spotlight, Stock Market
Nigerian stocks March
Share on FacebookShare on TwitterShare on Linkedin

#TheNumbers for the week ended May 13, 2016

Commentary

Bullish sentiments held sway with the market closing at levels last seen in the opening week of 2016. Thus, trimming the YtD decline to -769bps from -2127bps at the height of the market sell-off in January. The performance was driven by the market’s reaction to the signing of the 2016 appropriation bill and the release of cash for capital projects which commenced on Friday. Also, the government’s decision to somewhat deregulate the downstream sector gave the market a boost, as investors placed major bets on the oil marketing firms on expectation of higher margins.

RelatedStories

Investments

Investing in a volatile world: Strategies for Gen Zs, millennials, and retirees

July 15, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%

SEPLAT tops trading value as All-Share Index hits N80 trillion; ACCESSCORP leads volume 

July 14, 2025

The session was higher with the All-Share Index adding 288bps to close at 26,441.03pts. The gains came in from all sectors with the Industrial Goods sector being the only exception. The Banks surged by 877bps with the tier 2 banks leading the way, seeing the most gains. In the same vein, the Consumers (+412bps) were higher on sustained demand for the likes of TIGERBRAND & NB. The Oils saw gains of 512bps. While the Industrials dipped 115bps on weakness in the paint makers and the likes of WAPCO & DANGCEM

Volumes were sharply higher, with turnover jumping 125.75% WoW. The week saw a turnover of 1.826bn shares valued at N14.468bn. The biggest trade for the week was an off market cross of 244.23mn shares of ETI valued at N4.75bn. The trade was executed at N19.43 (a 22.5% discount to its CP: N15.06) by offshore investors. Outside of these, the action was mainly in the likes of GUARANTY, ZENITHBA, NB, ACCESS & FBNH. Also, word on the street is that a significant portion of the buying that lifted the market came in from local prop traders.

ASI May 13

Source: FT.com


Market Snapshot

  • All-Share Index: 26,441.03pts
  • Market Cap (NGN): N10tn
  • Market Cap (USD): $46.19bn
  • Total Volumes Traded: 83bn
  • Total Value Traded (NGN): N47bn
  • Daily Average Value Traded – WtD: N89bn
  • Daily Average Value Traded – YtD: N18bn
  • Advance/Decline Ratio: 54/17

Sector Performance:

Sector Performance May 13

Market Screeners:

  • Top Risers:

TIGERBRANDS (+50.13%; N6.99); DIAMONDBNK (+44.29%; N2.02) & FCMB (+30.30%; N1.29)

 

  • Top Decliners:

UPL (-14.21%; N4.89); MRS (-9.73%; N40.47) & CAVERTON (-30.30%; N1.51)

 

  • Top by Volumes Traded:

ETI (251.85mn); ACCESS (218.03mn) & FBNH (192.67mn)

 

  • Top by Value Traded:

ETI (N5.44bn); GUARANTY (N1.51bn) & ZENITHBANK (N1.22bn)

 

  • New 52-Week High:

ETERNA (N3.03); MOBIL (N175.00); TIGERBRANDS (N6.12) & UNIONDICON (N12.89)

 

  • New 52-Week Low:

GOLDBREW (N0.85); MRS (N40.47); UPL (N4.43) & PORTPAINT (N1.88)

 

Tags: All Share IndexMRS Oil Nigeria - NewsNigerian stock marketNigerian Stocks
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.

Related Posts

Investments
Financial Literacy

Investing in a volatile world: Strategies for Gen Zs, millennials, and retirees

July 15, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%
Equities

SEPLAT tops trading value as All-Share Index hits N80 trillion; ACCESSCORP leads volume 

July 14, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%
Equities

Weekly Market Wrap: Banks drive the Nigerian stock market to a 7-week winning streak as ASI jumps 4.26% 

July 13, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%
Equities

UBA, three other heavyweights drive explosive rally as All-Share Index eyes N80 trillion 

July 11, 2025
FTN COCOA, UNITY BANK leads as NGX top gainers for the week
Equities

ACCESSCORP leads trading value as All-Share Index rises 0.28%; five stocks hit daily gain limit 

July 9, 2025
Seplat Energy
Equities

SEPLAT posts N13.5 billion in trades as All-Share Index eyes 121,000 level, mid-cap stocks shine 

July 4, 2025
Next Post
This Is How Much Dollars Fuel Importers Need Per Day To Import Fuel

This Is How Much Dollars Fuel Importers Need Per Day To Import Fuel

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • South-West doctors threaten strike over unfavorable allowances, issue 21-day ultimatum to FG
  • 15 things you don’t need to start a business in Nigeria 
  • NNPC, Akwa Ibom, GACN sign $3.5 billion gas agreement

Follow us on social media:

Recent News

Doctors

South-West doctors threaten strike over unfavorable allowances, issue 21-day ultimatum to FG

July 15, 2025
Small Business

15 things you don’t need to start a business in Nigeria 

July 15, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics