Stock Market
Nigerian Stock market records sixth consecutive losses, investors lose N15.55 billion
Market sentiment, as measured by market breadth, was positive, as 9 stocks gained, relative to 8 decliners.Crude oil printed lower
Weak sentiments continued to pervade the domestic bourse, as the Nigerian Stock Exchange (NSE) All-Share Index dipped by 0.12% to 24,625.24 index points.
Market capitalization shed N15.55 billion to settle at N12.845 trillion. Accordingly, the Month-to-Date and Year-to-Date losses increased to -2.52% and -8.32%, respectively.
The negative trend was largely attributed by selloffs ZENITHBANK, FBNH and GUINNESS which led the market to its sixth consecutive loss.
READ ALSO: Nigerian Stock Exchange Weekly Report
Market downturn was paired with low trading activities compared the performance recorded yesterday. Total volume and value of stocks traded declined by 31.16 per cent and 15.24 per cent to 130.27 units and N1.62 billion respectively.
ZENITHBANK was the most traded stock by volume and value at 18.9 million units’ value at N308.37 million.
Market sentiment, as measured by market breadth, was positive, as 9 stocks gained, relative to 8 decliners. NEMEITH and WEMA BANK were the top gainers of the day with 9.65% and 9.09% price appreciation, while LINKASSURE and JAPAULOIL recorded the largest declines with -9.43% and -7.69% depreciation in share value.
READ MORE: FEC approves NESP’s N2.3 trillion stimulus plan
On the sectoral front, two out of the five major sub-indices we cover posted losses, while the other three indices closed flat. Price decline in LINKASSURE, ZENITHBANK and FBNH finished the Insurance and Banking indexes lower at -0.34% and -.018% respectively.
Top gainers
NEIMETH up 9.65% to close at N1.25,WEMABANK up 9.09% to close at N0.6,MAYBAKER up 3.09% to close at N3,ETI up 2.13% to close at N4.8,FCMB up 1.67% to close at N1.83.
Top losers
LINKASSURE down 9.43% to close at N0.48,ZENITHBANK down 1.52% to close atN16.15, MTNN down 0.42% to close at N117.5,FBNH down 0.94% to close at N5.25, NAHCO down 0.75% to close at N2.64.
Download the Nairametrics News App
Outlook
Bearish sentiment remained in Nigerian bourse, as crude oil printed lower. Nairametrics envisages cautious buying, as geopolitical uncertainty strengthens.
Stock Market
Nigerian bourse gains N37.26 billion, triggered by BUACEMENT, ZENITH
Nigerian bourse finished on a bullish note triggered by AIRTELAFRI, BUACEMENT and ZENITH BANK
The Nigerian Stock Exchange All Share Index finished today by 0.30% to 24,097.48 points, with market capitalization also adding N37.26 billion to close at N12.57 trillion.
However, trading activity was lower as evidenced by a 18.01% decline in volume of equities traded to 155.52 million units, while the value of trades also fell slightly by 6.60% to N2.60 billion. GUARANTY was the most traded by volume and value at 19.72 million units and N413.8 million.
Market sentiment, as measured by market breadth, was negative as 18 tickers declined, relative to 17 gainers. REDSTAREX and PZ were the top gainers of the day with 9.76% and 5.00% price appreciation, while OKOMUOIL and UNILEVER topped the losers with 9.95% and 9.78% depreciation in share value.
The sectoral performance was mixed as two of the five indices closed higher, while the other three closed the day in the red. The Banking Index (+0.92%) led the advancers, followed distantly by the industrial Index (+0.09%).
Conversely, the Insurance Index fell by -1.92%, while the Consumer and Oil & Gas Index fell by -0.52% and -0.02% respectively.
READ MORE: Top banks’ stocks plunge, as bears overwhelms Nigerian tier-2 banks’ rally
FCMB (+4.09%), UBA (+2.48%) and ZENITHBANK (+1.87%) lift the lenders’ Index, while BUACEMENT (+2.51%) raised the industrial Index. MANSARD (-9.66%) and CUSTODIAN (-9.09%) drove the Insurance Index lower, UNILEVER (-9.78%) and GLAXOSMITH (-8.08%) accounted for depreciation in the Consumer Goods Index and MRS (-9.78%) depressed the Energy Index. Similarly, MTNN closed the day lower by -0.86%.
Top gainers
REDSTAREX up9.76% to close N3.26,AIRTELAFRI up 3.66% to close at N328.7,BUACEMENT up 2.51% to close at N40.9,ZENITHBANK up 1.87% to close N16.35,PZ up 5.00% to close N4.2
Top losers
OKOMUOIL down 9.95% to close at N69.7,UNILEVER down 9.78% to close at N12.45,MRS down 9.78% to close at N12.45,MTNN down 0.86% to close at N115,DANGCEM down 0.79% to close at N126
Outlook
Nigerian bourse finished on a bullish note triggered by AIRTELAFRI, BUACEMENT. Nairametrics envisages market volatility will increase in the coming days as earning results are scheduled to come out.
Nigerian bourse continued its bearish trend, taking no rest from previous week losses as the ASI dipped further by 1.27% to 24,026.05 index points on Monday.
Market capitalization shed N161.59 billion to settle at N12.533 trillion. Accordingly, the Month-to-Date and Year-to-Date losses increased to -1.85% and -10.52%, respectively.
Activity levels closed strong, compared to the previous trading session, as total volume and value increased by 31.45% and 83.21% to 189.69million units and N2.78billion respectively. GUARANTY was the most traded by volume and value at 60.46million units and N1.27billion.
Market sentiment, as measured by market breadth, was negative as 17 tickers declined, relative to 14 gainers. BETAGALSS and JBERGER were the top losers of the day with 9.95% and 9.81% price decline, while NAHCO and ZENITHBANK topped the gainers with 10.00% and 5.25% appreciation in share value.
Performance across sectors mirrored the broad index as three out of the five major sub-indexes we cover posted losses. Price appreciation in ZENITH and GUARANTY spurred a +1.51% gain in the Banking Index, trailed by the Insurance Index, which appreciated by 1.05%, as CORNERSTONE & AIICO INSURANCE gained.
The Consumer goods index led the laggards with (-3.18%), on Nestle -6.51% decline. The Industrial Index -2.35% followed, due to losses in BUACEMENT (-5.00%), while the Oil and Gas index declined distantly by- 0.04%, impelled by losses in OANDO.
READ MORE: Analysis: Seplat’s transfer of OMLs has us wary
Top gainers
NAHCO up 10.00% to close at N2.2, ZENITHBANK up 5.25% to close at N16.05, FLOURMILL up 5.11% to close at N18.5, UBN up 1.87% to close at N5.45, GUARANTY up 0.96% to close at N21.
Top losers
BETAGLAS down 9.95% to close at N61.55, JBERGER down 9.81% to close at N16.55 NESTLE down 6.51% to close at N1175, BUACEMENT down 5.00% to close at N39.9, CILEASING down 8.43% to close at N3.8,
Download the Nairametrics News App
Outlook
Blue-chip heavyweights, BUACEMENT, NESTLE dragged the Nigerian bourse lower on Monday’s trading session, as market liquidity improved slightly. Nairametrics recommends cautious buying as economic uncertainty strengthens amidst Q2 earning result season.
Stock Market
Royal Rumble at first trading week of Q3 2020, ASI down 1.99% WoW
Trading in the top three equities accounted for 275.099 million shares worth N2.818 billion in 3,497 deals.
The Nigerian stock market ended the week on a bearish note, as the All Share Index (ASI) and Market Capitalization both depreciated by 1.99% to close the week at 24,336.12 and N12.695 trillion respectively.
A total turnover of 961.833 million shares worth N9.181 billion in 20,058 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 739.375 million shares valued at N8.563 billion that exchanged hands last week in 17,248 deals.
The Financial Services industry (measured by volume) led the activity chart, with 618.714 million shares valued at N4.338 billion traded in 9,669 deals, thus contributing 64.33% and 47.25% to the total equity turnover volume and value respectively.
READ MORE: Nigerian stock market on a flawless bullish run, crude oil boost triggers rally
The Consumer Goods industry followed with 91.119 million shares worth N2.227 billion in 3,703 deals. In the third place was the Conglomerates industry, with a turnover of 60.640 million shares worth N62.779 million in 556 deals.
Trading in the top three equities namely FBN Holdings Plc, Guaranty Trust Bank Plc, and United Bank for Africa Plc (measured by volume) accounted for 275.099 million shares worth N2.818 billion in 3,497 deals, contributing 28.60% and 30.69% to the total equity turnover volume and value respectively.
13 equities appreciated in price during the week, lower than 18 equities in the previous week. 59 equities depreciated in price, higher than 43 equities in the previous week, while 91 equities remained unchanged, lower than 102 equities recorded in the previous week.
READ ALSO: 5 Consumer stocks you should consider for your portfolio
Top gainers
OKOMU OIL PALM PLC. up 20.94% to close at N77.40
ROYAL EXCHANGE PLC. up 13.04% to close at N0.26
PRESTIGE ASSURANCE PLC up 10.64% to close at N0.52
ACADEMY PRESS PLC. Up 0.30 0.02 to close at 6.67% N0.32
VITAFOAM NIG PLC. up 5.30 0.29 to close at 5.47% N5.59
REGENCY ASSURANCE PLC up 5.00% to close at N0.21
NESTLE NIGERIA PLC. up 4.73% to close at N1256.80
WAPIC INSURANCE PLC up 3.13% to close at N0.33
NEM INSURANCE PLC up 2.50% to close at N2.05
Download the Nairametrics News App
Top Losers
NIGERIAN AVIATION HANDLING COMPANY Plc. down 24.24% to close at N2.00
LEARN AFRICA Plc. down 21.48% to close at 1.06
UNILEVER NIGERIA Plc. down 18.82% to close at N13.80
GLAXO SMITHKLINE CONSUMER NIG. PLC. down to close at N4.95
UNION BANK NIG. Plc. down 15.08% 6.30 -0.95 -to close at N5.35
NASCON ALLIED INDUSTRIES PLC down 13.79% to close at N10.00
AIICO INSURANCE PLC. down 13.13% to close at N0.86
JAPAUL OIL & MARITIME SERVICES PLC down 12.00% to close at N0.22
STERLING BANK PLC. down 10.85% to close at N1.15
ARDOVA PLC down 10.73% to close at N11.65
The impact story of Nigeria’s biggest investment club, The Green Investment Club
Union Bank announces closed period as it readies to release H1 2020 result
United Capital Plc releases H2 2020 Outlook report titled “Up In The Air”
CBN gives approval for Stirling Trust to start offering cash-in-transit services
Dogecoin gains 50% in less than 24 hours, highest single-day gain since 2017
COVID-19 Update in Nigeria
The risk of buying Forex at black market rate of N460/$1
Reps to investigate alleged illegal withdrawal of $1.05 billion from NLNG account
BTC whale moves 10,250 BTC valued at $95,000,000
Kanye West’s Yeezy LLC receives over $2 million PPP loans from US Government
