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Markets

Nigerian Breweries, Stanbic, Guinness, Dangote party with N8.59 billion on stock market bullish run

Market sentiment, as measured by market breadth, was positive as 33 tickers gained, compared to 11 losers.

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How your stocks performed last week, Bears rule at the stock market, lose N174.37 billion on Wednesday , Nigerian bourse up 0.54% as Investors gain N63 billionBears dominate Nigerian bourse Index down 0.94%, trading volume remains low,Bears dominate Nigeria bourse trading session, ASI down 2.02%, Bulls lift Nigerian bourse, Index up 1.24%, Investors gain N133 billion, Banking Stocks stop the raging bulls at the Nigerian Stock Market index down 0.01%

Nigerian Stock market came back from the holidays to post a positive result at the end of today’s trading, printing the All Share Index at 25,221.23 points after a 0.07% appreciation.

Equities investors on the local bourse gained N8.59 billion as market capitalization appreciated by the same margin to close at N13.13 trillion.

Market turnover finished stronger, as total volume and value of trades increased significantly by 124.06% and 94.05% respectively, to 339.75 million units and N3.92 billion.

READ ALSO: MTN Nigeria announces final dividend of N4.97 for FY 2019

FBNH was the most traded stock by volume at 120.86 million units, while GUARANTY was the most traded stock by value at N1.54 billion.

Market sentiment, as measured by market breadth, was positive as 33 tickers gained, compared to 11 losers. NB (Nigerian Breweries) recorded the highest price gain of 10% to close at N43.45 per share.

Performance across sectors closed mixed, as two out of the five indices under our coverage posted gains. Appreciation in tier one banking stocks STANBIC (+9.98%), ACCESS (+9.70%) and FBNH (+9.60%) spurred the lenders by +5.36%, followed by the Consumer Goods sector +3.09% on sustained gain in NB (+10.00%) and GUINESS (+817%).

Conversely, price decline in NAHCO (-3.33%) dragged the Industrial Index lower, while sell-offs in REGALINS (-8.70%); WAPIC (-6.06%) and ARDOVA (-10.00%) weighed down the Insurance, and  Oil & Gas indices.

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READ ALSO: Nigeria’s Banking stocks hit by asteroids, Index down 0.39%

Top gainers

NB up 10.00% to close at N43.45; STANBIC up 9.98% to close at N35.8; DANGSUGAR up 9.37% to close at N14; GUINNESS up 8.17% to close at N19.2; and DANGCEM up 2.46% to close at N137.3.

Top losers

ARDOVA down 10.00% to close at N14.4; TRANSCORP down 6.49% to close at N0.72; CAVERTON down 5.36% to close at N2.47; NAHCO down 3.33% to close at N2.32; and AFRIPRUD down 1.18% to close at N4.2.

Stanbic 728 x 90

Outlook

Buying interest in Nigerian Breweries, Guiness and Tier 1 banking stocks caused the Nigerian bourse to finish the first trading of the week on a positive note. Nairametrics envisages cautious buying, as market price swings are expected in the short term.

Olumide Adesina is a France-born Nigerian. He is a Certified Investment Trader, with more than 15 years of working expertise in Investment trading. Message Olumide on Twitter @tokunboadesina. He is a Member of the Chartered Financial Analyst Society.

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Manufacturing

Industrial Index loses -12.39 points, as BUA and Lafarge Cement shares top losers list

The NSE Industrials index lost 12.39 index points in the first trading week in the month of April.

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Manufacturing: Activity levels pick up albeit readings still below water

The Nigerian Stock Exchange Industrial Index at the close of trading activities for the first week in the month of April closed on a bearish note, following a 0.66% decrease in the shares of BUA CEMENT and Lafarge.

At the close of trading activities on the Nigerian Stock Exchange on the 9th of April 2021, the industrial index depreciated by 55.01 index points, to close lower at 1,928.18 index points for the week.

When compared to the overall performance of the market, the NSE Industrial index underperformed, noting that the NSE All-Share Index and Market Capitalization depreciated by 0.66% to close the week at 38,866.39 and N20.3350 trillion respectively.

READ: COVID-19, VAT, FX scarcity adversely impacted our operations in 2020 – Nigerian Breweries boss says

What you should know

The NSE Industrial Index was designed to provide an investable benchmark to capture the performance of the Industrial Sector. It comprises the most capitalized and liquid companies in the industrial sector and is based on the market capitalization methodology.

The index tracks the performance of ten industrial companies on the Nigerian Stock Exchange which includes Dangote, BUA, and Lafarge Cement.

The overall performance of the companies for the week was bearish, as the index closed on a negative note driven by the decrease in the share price of BUA Cement and Lafarge.

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MEYER (19.51) was the only gainer for the week, while BUACEMENT (-1.09%) and LAFARGE WAPCO (-3.00%) were the only losers for the week.

GAINER

  • MEYER up by19.51% to close at N0.49.

LOSER

  • WAPCO down by -3.00% to close at N21.00.
  • BUACEMENT down by -1.09% to close at N72.70.

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Consumer Goods

Consumer goods index gains 6.16 points, driven by gains in Nestle, Flourmills and Honeywell shares

The NSE Consumer goods index gained 6.16 index points following gains in the share prices of Nestle, Flourmills and Honeywell.

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EFG Hermes, Impact of COVID-19 pandemic on consumer packaged goods in Nigeria

The Nigerian Stock Exchange Consumer Goods Index (CGI), a market index that tracks the performance of consumer goods companies, gained a total of 6.16 index points, to close the first week of active trading in April at 556.03 index points following the gains in the shares of Nestle, Flour Mills of Nigeria and Honeywell Flour Mills.

A preview of the index performance for the week revealed that at the close of trading activities on Friday 9th of April 2021, the NSECG index appreciated by 1.12% to close the week higher at 556.03 index points, from 549.87 index points at the open of trade for the week.

In line with this, the index gained a total of 6.16 index points at the close of trade for the week.

READ: Three consumer goods stocks that beat Nigeria’s 17.33% inflation rate

The index performed better when compared to the market index, noting that the All-Share Index and the market capitalization depreciated by 0.13%, to close the week at 38,866.39 and N20.335 trillion respectively.

READ: Flour Mills shares surge by 6.9%, lifting the miller’s capitalization by N8.2 billion

What you should know

  • The NSE Consumer goods Index was designed to provide an investable benchmark to capture the performance of companies in the consumer goods sector. The index comprises the most capitalized and liquid companies in food, beverage, and tobacco.
  • The index is based on the market capitalization methodology, as it tracks the performance of fifteen consumer goods companies on the Nigerian Stock Exchange which includes, Nestle, Nigerian Breweries (NB), Dangote Sugar, and International Breweries.
  • The overall performance of the companies was relatively bullish, as the index closed on a positive note, 6.16 index points higher.
  • FLOURMILLS (6.90%) led the gainers’ chart, followed by HONYFLOUR (4.24%), while GUINNESS (-17.27%) topped the losers list, followed by CADBURY (-3.03%).

READ: PZ Cussons shares lose N3 billion in three sessions on NSE

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Top gainers

  • FLOURMILLS up by 6.90% to close at N31.00.
  • HONYFLOUR up by 4.24% to close at N1.23.
  • NESTLE up by 3.27% to close at N1420.

Top losers

  • GUINNESS down by -17.27% to close at N29.70.
  • CADBURY down by -3.03% to close at N8.00.
  • INTBREW down by -1.72% to close at N5.70.
  • CHAMPION down by -1.33% to close at N2.22.

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