- The Nigerian stock market continued to decline significantly in the past week due to weak investor sentiment, unclear economic conditions, and disappointing bank earnings. Several major stock indices fell to near 52-week lows.
- Trading volume and value increased from the previous period but the All-Share Index fell 11.11% year-to-date. A few stocks such as Redstarex and UBA saw price gains while others like Portpaint and Mansard declined.
- The pension commission aims to increase the number of pension contributors to 20 million by 2019 from the current 6.5 million by expanding to the informal sector through micro-pension initiatives. However, the target may be difficult to achieve given high
On the backdrop of falling money market rates, the equity market received some boost today as the volume and value rose significantly.
The rise in market activity, however, did not lead to positive return in the All Share Index as the benchmark index, closed a marginal 0.03% lower. Sub-sectors showed mixed performance as NSEOILG and NSEINS closed positive on the back of Oando (+10.10%), NEM(+4.55%) and Lawunion (+3.85%) while NSEBNK, NSECNSM and NSEIND closed in negative territory on the backdrop of Guaranty(-0.34%), 7UP(-3.15%) and heavyweight Dangcem (-0.61%).
The Equity market moved southward for the fourth session in a row as the benchmark index struggled for direction loosing 0.07% to close at 29,032.44bps. This pessimistic mood was witnessed across all sectorial indices monitored by the exchange except for NSEOILGS which closed positive on the back of Oando(+7.22%). NSEOILGS topped the losers chart on the backdrop of Unilever(-4.98%), Champion(-4.83%), Intbrew(-4.69%) and 7UP(-2.55).
Today at the Nigeria Stock Exchange, investors’ sentiment remained gloomy as the benchmark index traded in negative territory for the third session in a row as it went below 30,000bps physiological mark to close at 29,828.95. Most sectorial indices monitored by the exchange cl0sed in red which led to a 0.61% depreciation in the All Share Index. Wapco appreciated by 0.51% leaving NSEIND as the only sub-sector in positive territory. On the back of Okomuoil(-8.38%), Oando(-9.64%), Mansard(-4.53%), Glaxosmith(-4.95%) and Sterlnbnk(-4.67%), NSEOILGS, NSEINS, NSECNSM and NSEBNK shed points.
NSE...
NSE withnessed a reversal in the upward trend seen at the last trading session, as the benchmark index lost 0.19% to close at 30,311.77 with 4,331 deals. Sub-sectors showed mixed performance as the insurance and industrial sectors closed positively on the back of Continsure(9.30%), Mansard(9.79%), Aiico(4.71%) and Wapco(1.02%) while NSECNSM, NSEOILGS and NSEBNK closed in negative territory on the backdrop of PZ(-4.79%), Guinness(-3.17%), Skyebank(-4.68%), Stanbic(-3.45%) and FO(0.48%)
ASI-year-to-date stands at -12.54% while market capitalization lost N20billion. Among the broad indices, volume appreciated by 63% while value traded depreciated by 39%. At the close of today's session, 11 stocks advanced, 28 declined while 68 remained unchanged. Top in the gainers’ chart are MANSARD(N2.58), CAVERTON(N3.37) and CONTINSURE (N0.94) while VANLEER (N9.37), UNHOMES (N5.23) and PZ (N26.65) led the decliners.
Investors are advised to tread cautiously.
Massive sell-off mode was activated as investors and speculators cut risky bets taking a cue from Nigeria’s exclusion from JP Morgan Government Bond Index – Emerging Market Series (GBI – EM). Benchmark index erased all points gained in the last two sessions as it lost 2.98% to stand at 29,454.09bps. Every sector monitored by the exchange took a hit; they all recorded losses ranging from 194bps to 394bps. The Banking sector lost most points as fourteen (14) out of the fifteen (15) traded banking counters closed lower.
ASI-year-to-date stands at -15.01% while market capitalization added N105billion. Among the broad indices, volume and value traded appreciated by 51% and 114% respectively. At the close of today’s session, 8 stocks advanced, 46 declined while 44 remained unchanged. Top in the gainers’ chart are TRANSEXPR (N1.21), FIDSON (N3.36) and GUINNESS (N131.48) while OANDO (N10.93) FIDELITYBK (N1.43) FBNH (N6.63) led the decliners.
Investors are advised to tread cautiously.
Amidst oversold conditions, the NSE witnessed further decline at today’s session, as the All-Share-Index closed below 30,000bps psychological mark. Most sectorial indices monitored by the exchange closed in red which led to a 1.30% depreciation in the All Share Index. NEM and AIICO appreciated by 4.85% and 1.12% respectively leaving NSEINS as the only sub-sector in positive territory. On the back of Unitybnk(-8.98%), Portpaint(-5.00%), Oando(-4.90%) and UACN(-6.23%), NSEBNK, NSEIND, NSEOILGS and NSECNSM shed points
The All-Share-Index has lost 14.64% year-to-date. Among the broad indices, 160million units valued at N1.646bn represents an increase by 29% and 20% in volume and value traded relative to previous figures. At the close of today’s session, 18 stocks advanced relative to 27 decliners while 49 remained unchanged. Top in the gainers’ chart are OKOMUOIL (N32.40), MOBIL (N159.00) and NASCON (N7.66) while UNITYBNK (N1.52), UACN (N25.75) and EVANSMED (N0.62) led the decliners.
In the trader’s opinion, investors are advised to take up buying opportunities as stocks remain fairly priced.
On the backdrop of falling money market rates, the equity market received some boost today as the volume and value rose significantly.
The rise in market activity, however, did not lead to positive return in the All Share Index as the benchmark index, closed a marginal 0.03% lower. Sub-sectors showed mixed performance as NSEOILG and NSEINS closed positive on the back of Oando (+10.10%), NEM(+4.55%) and Lawunion (+3.85%) while NSEBNK, NSECNSM and NSEIND closed in negative territory on the backdrop of Guaranty(-0.34%), 7UP(-3.15%) and heavyweight Dangcem (-0.61%).
The Equity market moved southward for the fourth session in a row as the benchmark index struggled for direction loosing 0.07% to close at 29,032.44bps. This pessimistic mood was witnessed across all sectorial indices monitored by the exchange except for NSEOILGS which closed positive on the back of Oando(+7.22%). NSEOILGS topped the losers chart on the backdrop of Unilever(-4.98%), Champion(-4.83%), Intbrew(-4.69%) and 7UP(-2.55).
Today at the Nigeria Stock Exchange, investors’ sentiment remained gloomy as the benchmark index traded in negative territory for the third session in a row as it went below 30,000bps physiological mark to close at 29,828.95. Most sectorial indices monitored by the exchange cl0sed in red which led to a 0.61% depreciation in the All Share Index. Wapco appreciated by 0.51% leaving NSEIND as the only sub-sector in positive territory. On the back of Okomuoil(-8.38%), Oando(-9.64%), Mansard(-4.53%), Glaxosmith(-4.95%) and Sterlnbnk(-4.67%), NSEOILGS, NSEINS, NSECNSM and NSEBNK shed points.
NSE...
NSE withnessed a reversal in the upward trend seen at the last trading session, as the benchmark index lost 0.19% to close at 30,311.77 with 4,331 deals. Sub-sectors showed mixed performance as the insurance and industrial sectors closed positively on the back of Continsure(9.30%), Mansard(9.79%), Aiico(4.71%) and Wapco(1.02%) while NSECNSM, NSEOILGS and NSEBNK closed in negative territory on the backdrop of PZ(-4.79%), Guinness(-3.17%), Skyebank(-4.68%), Stanbic(-3.45%) and FO(0.48%)
ASI-year-to-date stands at -12.54% while market capitalization lost N20billion. Among the broad indices, volume appreciated by 63% while value traded depreciated by 39%. At the close of today's session, 11 stocks advanced, 28 declined while 68 remained unchanged. Top in the gainers’ chart are MANSARD(N2.58), CAVERTON(N3.37) and CONTINSURE (N0.94) while VANLEER (N9.37), UNHOMES (N5.23) and PZ (N26.65) led the decliners.
Investors are advised to tread cautiously.
Massive sell-off mode was activated as investors and speculators cut risky bets taking a cue from Nigeria’s exclusion from JP Morgan Government Bond Index – Emerging Market Series (GBI – EM). Benchmark index erased all points gained in the last two sessions as it lost 2.98% to stand at 29,454.09bps. Every sector monitored by the exchange took a hit; they all recorded losses ranging from 194bps to 394bps. The Banking sector lost most points as fourteen (14) out of the fifteen (15) traded banking counters closed lower.
ASI-year-to-date stands at -15.01% while market capitalization added N105billion. Among the broad indices, volume and value traded appreciated by 51% and 114% respectively. At the close of today’s session, 8 stocks advanced, 46 declined while 44 remained unchanged. Top in the gainers’ chart are TRANSEXPR (N1.21), FIDSON (N3.36) and GUINNESS (N131.48) while OANDO (N10.93) FIDELITYBK (N1.43) FBNH (N6.63) led the decliners.
Investors are advised to tread cautiously.
Amidst oversold conditions, the NSE witnessed further decline at today’s session, as the All-Share-Index closed below 30,000bps psychological mark. Most sectorial indices monitored by the exchange closed in red which led to a 1.30% depreciation in the All Share Index. NEM and AIICO appreciated by 4.85% and 1.12% respectively leaving NSEINS as the only sub-sector in positive territory. On the back of Unitybnk(-8.98%), Portpaint(-5.00%), Oando(-4.90%) and UACN(-6.23%), NSEBNK, NSEIND, NSEOILGS and NSECNSM shed points
The All-Share-Index has lost 14.64% year-to-date. Among the broad indices, 160million units valued at N1.646bn represents an increase by 29% and 20% in volume and value traded relative to previous figures. At the close of today’s session, 18 stocks advanced relative to 27 decliners while 49 remained unchanged. Top in the gainers’ chart are OKOMUOIL (N32.40), MOBIL (N159.00) and NASCON (N7.66) while UNITYBNK (N1.52), UACN (N25.75) and EVANSMED (N0.62) led the decliners.
In the trader’s opinion, investors are advised to take up buying opportunities as stocks remain fairly priced.
The Equity market extends its losing spree at today’s trading session as investors’ remains pessimistic. The benchmark index depreciated by an additional 0.71% to return 29,403.12bps. Sub-sectors monitored by the exchange showed mixed performance with NSECNSM gaining 130bps to lead the pack on the back of Honeyflour(9.13%), Guinness(5.00%), Nascon(4.31) and Nestle(2.24%) while the banking sector led the losers chart on the back of UBA(-13.20%), Fbnh(-7.27%), Skyebank(-6.78%) and Stanbic(-4.98%)
ASI-year-to-date stands at -15.16% while market capitalization lost N17billion. Among the broad indices, volume and value traded depreciated by 33% and -28% respectively. At the close of today’s session, 23 stocks advanced, 25 declined while 56 remained unchanged. Top in the gainers’ chart are HONYFLOUR (N2.75), DIAMONDBNK (N3.57) and GUINNESS (N138.05) while UBA (N3.55), UBCAP (N1.37) and VONO (N0.98) led the decliners.
Today at the Nigerian Stock Exchange, investors’ sentiment remained negative as the benchmark index lost 75bps. Sub-sectors monitored by the exchange showed mixed performance with consumer sector adding 44bps to lead the gainers on the back of Nascon(+3.70%), Champion(+3.21%) and Flourmill(+1.25%) while NSEOILG led the losers chart on the back of Seplat(-9.75%), Mobil(-2.31%) and Oando(-1.44%)
ASI year-to-date return stands at -12.48%. Among the broad indices, the volume (300 million units) of trades depreciated by 28% while the value (3.048bn) appreciated by 33% relative to previous figures. At the close of today’s session, 18 stocks advanced relative to 21 decliners while 64 remained unchanged. Top in the gainers’ chart are CUTIX (N1.82), UNITYBNK (N1.42) and NASCON (N7.00) while SEPLAT (N225.54), MCNICHOLS (N1.20) and NAHCO (N4.45) led the decliners.
NSE witnessed a reversal in the upward trend seen at the last trading session, as the benchmark index lost 0.57% to close at 30,058.40 with 2,930 deals. Sub-sectors showed mixed performance as the banking, insurance and oil and gas sectors closed positively on the back of Mansard(+4.86%), Eterna(+5.00%), Seplat(+2.62%) and Guaranty(+1.44%) while the consumer and industrial sectors closed in negative territory on the backdrop of Uacn(-4.79%), Honyflour(-4.96%), Pz(-3.85%) and Dangcem(-1.80%).
ASI year-to-date return stands at -13.34%. Among the broad indices, 124million units valued at N1.377bn represents a decrease by 7% at par. At the close of today’s session, 23 stocks advanced relative to 24 decliners while 43 remained unchanged. Top in the gainers’ chart are ETERNA (N1.89), OKOMUOIL (N29.40) and BERGER (N10.90) while TRANSEXPR (N11.03), UACN (N27.46) and UBCAP (N1.34) led the decliners.
In trader’s opinion, investors are advised to take up buying opportunities as stock prices remain fairly priced.
Today at the Nigerian Stock Exchange, investors’ sentiment remained negative as the benchmark index closed at 30,265.90bps. Except for NSEOILGS, all sectorial indices monitored by the exchange closed negative leading to 0.22% depreciation in the All Share Index. Seplat closed 1.25% leaving NSEOILGS as the only sub-sector in the positive territory. On the back of Skyebank(-4.42%), Champion(-4.97%), Vono(-7.87%), Dangcem(-0.58%) and Aiico(-4.26%), NSEBNK, NSECNSM,NSEIND and NSEINS shed points.
Today at the Nigerian Stock Exchange, the bears struggled to maintain their hold on the market as the benchmark index shed 6bps to return 30,123.20. With losses recorded in Mansard (-4.42%), Skyebank (-3.98%), Access (-3.75%) and Eterna (-2.17%), Insurance, Banking and Oil and gas sectors closed in negative territory. Other sectorial indices moved southward with NSECNSM leading the gainers on the back of Guinness (+2.34%), Flourmill (+1.85%), and Cadbury (+0.46%).
ASI year-to-date return stands at -13.08%. Among the broad indices, 219million units valued at N1.912 represents a decrease by 50% and 16% respectively. At the close of today’s session, 18 stocks advanced relative to 23 decliners while 64 remained unchanged. Top in the gainers’ chart are TRANSEXPR (N1.07), BERGER (N10.39) and OKOMUOIL (N28.66) while IKEJAHOTEL (N3.42), BOCGAS (N4.18) and MANSARD (N2.38) led the decliners.
The Exchange was rather silent today as the All-share-Index barely adding 0.20% before the closing bell. It appears that participants look forward to the ministerial list scheduled to be released tomorrow to determine what trade button to hit –buy or sell. The sectorial indices under the NSE radar showed mixed performance as the oil and gas, consumer and industrial sectors traded in green on the back of oando(+1.94%), Honyflour(+4.72%), Berger(+4.93%) and Dangcem(+1.77%) while the insurance and banking sector were the weak performers on the backdrop of Nem......
The Nigerian Equity Market witnessed some respite at today’s session after suffering sharp slump in the last two back-to-back sessions. All-share-index got support from the oil and gas, insurance, consumer and industrial sectors on the back drop of NB(+2.65%), Dangcem(+1.18%), Mansard(+5.00) and FO(+1.00). NSEBNK was the only sector to close in the negative territory as Diamond (-4.57%), Stanbic(-2.72%) and GTB (-1.43%) shed points.
ASI gained 0.53% to close at 30,426.10, its year-to-date return stands at -12.21%. Among the broad indices, volume and value of transactions appreciated by 18% and 102% relative to previous figures as 207million units of shares valued at 3.136bn were traded. At the close of today’s session, gainers and losers were at par while 63 remained unchanged. Top in the gainers’ chart are MANSARD (N2.73), SEPLAT (N255.00) and LIVESTOCK (N1.80) while ETERNA (N1.85), DIAMONDBNK (N3.34) and UBCAP (N1.41) led the decliners.
Investors strategy should remain engaging stocks with excellent reputation, have demonstrated sustained growth and is of interest to a large number of investors.
Market witnessed the USI’s pure price climbing +1.25 %( 11.77basis points) to record 953.57basis points from previous 941.80basis points as against market capitalization declining by-0.78 %( N3.83bn) to close N489.54bn from previous N493.69bn.
In total, the number of trades executed recorded +425% appreciation in 21 deals from yesterday’s figures of 4 deals, while in contrast, volume and value of stocks executed today recorded declines of -91.84% and -80.26% to record 165,310units and N2.17m in that order. Overall, 7(seven) securities traded out of the 23 securities admitted to trade, with Acorn Petroleum Plc recording the largest volume of stocks traded in 137,000units.
Today’s price chart recorded 4(four) gainers and only 1(one) decline, even as the remaining 18 securities stayed unchanged in prices. Acorn Petroleum Plc +14.71% (0.39k), Afriland Properties Plc +14.75% (N2.49),NDEP Plc +5.71% (N184.99), CSCS Plc +13.55% (N5.70), Friesland Campina Wamco Plc -2.85% (N238.00).
Given this market; we still recommend an investment approach of medium to long term from positioning investors.
The Nigerian Stock Market witnessed some respite at the first trading session of the week with the ASI appreciating by 0.22% to close at 30,231.16bps. This is attributed to improved liquidity level as
Consolidating on the gains garnered in the last session, the market lodged in more gains adding about 1.83% as investors’ outlook continue to improve. This optimistic mood was witnessed across board as all sectorial indices closed green. The Banking sector added the most points on the back of UBA(+10.24%), FBNH(+5.99%), Diamond(+4.76%), ETI(+4.28%) and Stanbic(+3.88%).
General bearish sentiment kept the NSE ASI in negative territory on the first trading session of the week as the benchmark index lost 1.07% before the closing bell. Only 10 stocks recorded gains while 25 declined and 61 remained unchanged. Sectorial indices monitored by the Exchange showed mixed performance as the banking, consumer and industrial sectors closed negative on the back of Stanbic (-4.98%), Zenith (-4.82%), Dangflour (-4.74%) and Dangcem (-0.56%), while NSEOILGS and NSEINS closed positive on the back of Seplat (1.32%) and Continsure (2.94%)
Owing to improved investors’ patronage, the Nigerian Stock Market witnessed some respite at today’s trading session with the ASI appreciating 0.12% to close at 29,014.78bps. Sub-sectors monitored by the exchange showed mixed performance; NSEOILGS closed negative on the back of Oando (-9.67%) while NSEBNK, NSECNSM and NSEINS kept the ASI in positive territory on the back of gains recorded by Mansard (4.96%), Dangflour (4.76%), Flourmill (4.55%), Access (4.00%) and UBA (3.02%).
The All-Share-Index has lost 16.28% year-to-date. Among the broad indices, 217million units valued at N1, 458bn represents 32% and 19% decline in volume and value traded relative to previous figures. At the close of today’s session, 12 stocks advanced relative to 25 decliners while 61 remained unchanged. Top in the gainers’ chart are MANSARD(N2.75), DANGFLOUR (N2.42) and FLOURMILL(N21.85) while OANDO (N7.66), TRANSCORP (N1.85) and CCNN (N8.01) led the decliners.
Amidst oversold conditions, the NSE witnessed further decline at today’s session, as the All-Share-Index depreciated by 0.29% to close at 29,052.87bps. All sectorial indices monitored by the exchange showed mixed performance. Portpaint, Dangcem and Oando appreciated by 4.75%, 0.62 and 8.68% respectively leaving NSEIND and NSEOILGS in positive territory. On the back of Unitybnk(-4.62%), Fidelitybk(-2.82%), Continsure(-3.00%), Unilever(-4.98%) and Cadbury(-4.96%), NSEBNK, NSECNSM and NSEINS shed points.
Once again, the benchmark index recorded modest gains as investors’ confidence in the Nigerian economy appear strengthened on the back of a firm commitment by the Nigerian President to name his cabinet before the end of September. Positive momentum was also seen on the sectoral front, as the Banking sector led all others to higher levels before the closing bell. On the stock specific front, OkomuOil, UBA, Zenith and UBACap have logged more than 2 consecutive gains, bringing their prices closer to profit booking range.
The Equity market extends its losing spree at today’s trading session as investors’ remains pessimistic. The benchmark index depreciated by an additional 0.71% to return 29,403.12bps. Sub-sectors monitored by the exchange showed mixed performance with NSECNSM gaining 130bps to lead the pack on the back of Honeyflour(9.13%), Guinness(5.00%), Nascon(4.31) and Nestle(2.24%) while the banking sector led the losers chart on the back of UBA(-13.20%), Fbnh(-7.27%), Skyebank(-6.78%) and Stanbic(-4.98%)
ASI-year-to-date stands at -15.16% while market capitalization lost N17billion. Among the broad indices, volume and value traded depreciated by 33% and -28% respectively. At the close of today’s session, 23 stocks advanced, 25 declined while 56 remained unchanged. Top in the gainers’ chart are HONYFLOUR (N2.75), DIAMONDBNK (N3.57) and GUINNESS (N138.05) while UBA (N3.55), UBCAP (N1.37) and VONO (N0.98) led the decliners.
Today at the Nigerian Stock Exchange, investors’ sentiment remained negative as the benchmark index lost 75bps. Sub-sectors monitored by the exchange showed mixed performance with consumer sector adding 44bps to lead the gainers on the back of Nascon(+3.70%), Champion(+3.21%) and Flourmill(+1.25%) while NSEOILG led the losers chart on the back of Seplat(-9.75%), Mobil(-2.31%) and Oando(-1.44%)
ASI year-to-date return stands at -12.48%. Among the broad indices, the volume (300 million units) of trades depreciated by 28% while the value (3.048bn) appreciated by 33% relative to previous figures. At the close of today’s session, 18 stocks advanced relative to 21 decliners while 64 remained unchanged. Top in the gainers’ chart are CUTIX (N1.82), UNITYBNK (N1.42) and NASCON (N7.00) while SEPLAT (N225.54), MCNICHOLS (N1.20) and NAHCO (N4.45) led the decliners.
NSE witnessed a reversal in the upward trend seen at the last trading session, as the benchmark index lost 0.57% to close at 30,058.40 with 2,930 deals. Sub-sectors showed mixed performance as the banking, insurance and oil and gas sectors closed positively on the back of Mansard(+4.86%), Eterna(+5.00%), Seplat(+2.62%) and Guaranty(+1.44%) while the consumer and industrial sectors closed in negative territory on the backdrop of Uacn(-4.79%), Honyflour(-4.96%), Pz(-3.85%) and Dangcem(-1.80%).
ASI year-to-date return stands at -13.34%. Among the broad indices, 124million units valued at N1.377bn represents a decrease by 7% at par. At the close of today’s session, 23 stocks advanced relative to 24 decliners while 43 remained unchanged. Top in the gainers’ chart are ETERNA (N1.89), OKOMUOIL (N29.40) and BERGER (N10.90) while TRANSEXPR (N11.03), UACN (N27.46) and UBCAP (N1.34) led the decliners.
In trader’s opinion, investors are advised to take up buying opportunities as stock prices remain fairly priced.
Today at the Nigerian Stock Exchange, investors’ sentiment remained negative as the benchmark index closed at 30,265.90bps. Except for NSEOILGS, all sectorial indices monitored by the exchange closed negative leading to 0.22% depreciation in the All Share Index. Seplat closed 1.25% leaving NSEOILGS as the only sub-sector in the positive territory. On the back of Skyebank(-4.42%), Champion(-4.97%), Vono(-7.87%), Dangcem(-0.58%) and Aiico(-4.26%), NSEBNK, NSECNSM,NSEIND and NSEINS shed points.
Today at the Nigerian Stock Exchange, the bears struggled to maintain their hold on the market as the benchmark index shed 6bps to return 30,123.20. With losses recorded in Mansard (-4.42%), Skyebank (-3.98%), Access (-3.75%) and Eterna (-2.17%), Insurance, Banking and Oil and gas sectors closed in negative territory. Other sectorial indices moved southward with NSECNSM leading the gainers on the back of Guinness (+2.34%), Flourmill (+1.85%), and Cadbury (+0.46%).
ASI year-to-date return stands at -13.08%. Among the broad indices, 219million units valued at N1.912 represents a decrease by 50% and 16% respectively. At the close of today’s session, 18 stocks advanced relative to 23 decliners while 64 remained unchanged. Top in the gainers’ chart are TRANSEXPR (N1.07), BERGER (N10.39) and OKOMUOIL (N28.66) while IKEJAHOTEL (N3.42), BOCGAS (N4.18) and MANSARD (N2.38) led the decliners.
The Exchange was rather silent today as the All-share-Index barely adding 0.20% before the closing bell. It appears that participants look forward to the ministerial list scheduled to be released tomorrow to determine what trade button to hit –buy or sell. The sectorial indices under the NSE radar showed mixed performance as the oil and gas, consumer and industrial sectors traded in green on the back of oando(+1.94%), Honyflour(+4.72%), Berger(+4.93%) and Dangcem(+1.77%) while the insurance and banking sector were the weak performers on the backdrop of Nem......
The Nigerian Equity Market witnessed some respite at today’s session after suffering sharp slump in the last two back-to-back sessions. All-share-index got support from the oil and gas, insurance, consumer and industrial sectors on the back drop of NB(+2.65%), Dangcem(+1.18%), Mansard(+5.00) and FO(+1.00). NSEBNK was the only sector to close in the negative territory as Diamond (-4.57%), Stanbic(-2.72%) and GTB (-1.43%) shed points.
ASI gained 0.53% to close at 30,426.10, its year-to-date return stands at -12.21%. Among the broad indices, volume and value of transactions appreciated by 18% and 102% relative to previous figures as 207million units of shares valued at 3.136bn were traded. At the close of today’s session, gainers and losers were at par while 63 remained unchanged. Top in the gainers’ chart are MANSARD (N2.73), SEPLAT (N255.00) and LIVESTOCK (N1.80) while ETERNA (N1.85), DIAMONDBNK (N3.34) and UBCAP (N1.41) led the decliners.
Investors strategy should remain engaging stocks with excellent reputation, have demonstrated sustained growth and is of interest to a large number of investors.
Market witnessed the USI’s pure price climbing +1.25 %( 11.77basis points) to record 953.57basis points from previous 941.80basis points as against market capitalization declining by-0.78 %( N3.83bn) to close N489.54bn from previous N493.69bn.
In total, the number of trades executed recorded +425% appreciation in 21 deals from yesterday’s figures of 4 deals, while in contrast, volume and value of stocks executed today recorded declines of -91.84% and -80.26% to record 165,310units and N2.17m in that order. Overall, 7(seven) securities traded out of the 23 securities admitted to trade, with Acorn Petroleum Plc recording the largest volume of stocks traded in 137,000units.
Today’s price chart recorded 4(four) gainers and only 1(one) decline, even as the remaining 18 securities stayed unchanged in prices. Acorn Petroleum Plc +14.71% (0.39k), Afriland Properties Plc +14.75% (N2.49),NDEP Plc +5.71% (N184.99), CSCS Plc +13.55% (N5.70), Friesland Campina Wamco Plc -2.85% (N238.00).
Given this market; we still recommend an investment approach of medium to long term from positioning investors.
The Nigerian Stock Market witnessed some respite at the first trading session of the week with the ASI appreciating by 0.22% to close at 30,231.16bps. This is attributed to improved liquidity level as
Consolidating on the gains garnered in the last session, the market lodged in more gains adding about 1.83% as investors’ outlook continue to improve. This optimistic mood was witnessed across board as all sectorial indices closed green. The Banking sector added the most points on the back of UBA(+10.24%), FBNH(+5.99%), Diamond(+4.76%), ETI(+4.28%) and Stanbic(+3.88%).
General bearish sentiment kept the NSE ASI in negative territory on the first trading session of the week as the benchmark index lost 1.07% before the closing bell. Only 10 stocks recorded gains while 25 declined and 61 remained unchanged. Sectorial indices monitored by the Exchange showed mixed performance as the banking, consumer and industrial sectors closed negative on the back of Stanbic (-4.98%), Zenith (-4.82%), Dangflour (-4.74%) and Dangcem (-0.56%), while NSEOILGS and NSEINS closed positive on the back of Seplat (1.32%) and Continsure (2.94%)
Owing to improved investors’ patronage, the Nigerian Stock Market witnessed some respite at today’s trading session with the ASI appreciating 0.12% to close at 29,014.78bps. Sub-sectors monitored by the exchange showed mixed performance; NSEOILGS closed negative on the back of Oando (-9.67%) while NSEBNK, NSECNSM and NSEINS kept the ASI in positive territory on the back of gains recorded by Mansard (4.96%), Dangflour (4.76%), Flourmill (4.55%), Access (4.00%) and UBA (3.02%).
The All-Share-Index has lost 16.28% year-to-date. Among the broad indices, 217million units valued at N1, 458bn represents 32% and 19% decline in volume and value traded relative to previous figures. At the close of today’s session, 12 stocks advanced relative to 25 decliners while 61 remained unchanged. Top in the gainers’ chart are MANSARD(N2.75), DANGFLOUR (N2.42) and FLOURMILL(N21.85) while OANDO (N7.66), TRANSCORP (N1.85) and CCNN (N8.01) led the decliners.
Amidst oversold conditions, the NSE witnessed further decline at today’s session, as the All-Share-Index depreciated by 0.29% to close at 29,052.87bps. All sectorial indices monitored by the exchange showed mixed performance. Portpaint, Dangcem and Oando appreciated by 4.75%, 0.62 and 8.68% respectively leaving NSEIND and NSEOILGS in positive territory. On the back of Unitybnk(-4.62%), Fidelitybk(-2.82%), Continsure(-3.00%), Unilever(-4.98%) and Cadbury(-4.96%), NSEBNK, NSECNSM and NSEINS shed points.
Once again, the benchmark index recorded modest gains as investors’ confidence in the Nigerian economy appear strengthened on the back of a firm commitment by the Nigerian President to name his cabinet before the end of September. Positive momentum was also seen on the sectoral front, as the Banking sector led all others to higher levels before the closing bell. On the stock specific front, OkomuOil, UBA, Zenith and UBACap have logged more than 2 consecutive gains, bringing their prices closer to profit booking range.
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After a 5-day negative trend, the NSE All Share Index witnessed some respite at today’s session on account of price appreciation in heavyweight Dangote Cement
Going from strength to strength, Nigeria equity market traded at a 3-week high point, with massive gains of over 3% which heaved NSE close to psychologically crucial 30,000 level. The sentiments were on optimistic note on sustained buying activities by retail investors in the face of lower stock prices and amidst news of cabinet appointments on the street.
Market opened to a slow start at the unlisted securities, though the USI and Market Capitalization managed appreciations of +0.21% (2.01 basis points) and +2.20% (N9.80bn) to record 948.35 basis points and N455.42bn respectively.
While value appreciated +161.71% to close N106,514.95 only, the volume of trades executed declined by -80.81% from last friday's figures to record 11,513units executed in 5 deals(+66.67%).
4( Four) securities traded out of the 23 securities admitted to trade, with Afriland PropertiesPlc recording the largest volume of stocks traded in 10,313units.
Price chart presented 2(two) gains, with 21 securities remaining unchanged in prices. Friesland Campina Wamco Plc +5.00% ( N210.00) and Afriland Properties Plc +1.42% (N2.15).
Given the gloomy trend; we still advice investors to tread cautiously while taking up a medium to long term investment approach in this space.
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Retail views
NSE…
The bloodshed continues unabatedly at the Nigerian Stock Exchange
against the backdrop of weak investor sentiments; unclear economic
direction and disappointing half-year results from Banks, continue to
fuel investors’ uncertainty and apathy towards the market. With 4 days
back-to-back southward movement, these counters are drawing close
to their 52-week low – Stanbic(N22.90), Transcorp(N2.22),
Flourmill(N26.60), Diamond(N3.99), Access(N5.05) and
Inter.Brew.(N18.24). All sectorial indices monitored by the exchange
closed in the red with NSEBNK leading the pack as UBN(-4.94%),
Zenith(-2.97%) and Access(-2.70%) shed points.
ASI has depreciated by 11.11% year-to-date, returning 30,807.57bps.
Among the broad indices, volume and value of transactions
appreciated relative to previous figures as 184million units of shares
valued at N2.294bn represents 28% and 39% improvement. At the
closing bell, 12 stocks advanced relative to 33 decliners while 69
remained unchanged.
Top in the gainers’ territory are Redstarex(N4.97), UBA(N4.31) and
Costain(N0.70) while Portpaint(N4.60), Mansard(N2.66) and
NNFM(N16.30) led the decliners
Cautious trading is strongly advised at this point while investors with
high risk appetite can take up buying opportunities in value stocks.
29,000.00
30,000.00
31,000.00
32,000.00
33,000.00
34,000.00
0.00
5.00
10.00
15.00
20.00
3-wk Trajectory : ASI vs Value
Traded
Value Traded ASI
Market Wrap
ASI -0.90% 30,807.54
Index Yr-to-date -11.11%
Market Cap. N10.559Tn
Traded value N2.294Bn
Key Gainers Close (N) %Chg.
Redstarex 4.97 9.96
UBA 4.31 1.89
UACN 41.40 0.68
Nahco 4.65 0.65
Unilever 37.60 0.53
Key Losers Close (N) %Chg.
Portpaint 4.60 -5.15
Nnfm 16.30 -4.96
UBN 8.08 -4.94
7up 185.10 -4.59
Transcorp 2.22 -3.48
Global Markets Close %Chg.
FTSE 100 6,517.39 -0.95
The DOW 17,471.09 -0.55
S & P 500 2,072.17 -0.36
Nikkei 225 20,350.10 -0.95
Kenya 153.02 -0.10
Source : Bloomberg
Fixed Income & Commodities
NITTY
3-Month 13.6507
6-Month 13.7016
9-Month 14.2693
12-Month 14.3783
Crude Oil Spot Price
Brent Crude Us$53.65
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NASD…
Bullish run observed at the NASD- OTC Market today…..
The NASD- OTC market had a bullish run today with market capitalization gaining N12bn to settle at
N540.41bn in seventeen (17) deals.
While the total Volume and value traded were 178,400units and N7,047,920.00 .
Three stocks appreciating in share price; Friesland Campina WAMCO appreciated by (+13.90%) to close at
N295.00, CSCS Plc gained (+0.16%) to close at N6.26, and IGI Plc appreciating (+14.26%) to close at 0.16k
respectively.
Cappa & D’Alberto Plc lost (-0.01k) to close at N79.00 and NDEP Plc lost (-7.50%) to close at N154.00.
Other stocks like, Resourcery Plc and Geo-Fluids remained unchanged in share prices at today’s trading with
0.50K and 0.06k.
As for the week, we still maintain a neutral stand even as we expect more long term bargain hunting trades
from investors
Name Period Dividend Bonus
Closure
date
Payment
date Name Period PBT (N'mil) PAT (N'mil) %Chg
Turnover
(N'mil) %Chg
UACN FY 2014 N1.75 kobo Nil 10-Jul-15 24-Sep-15 ABBEY H1(2015) 57 46 8.33 662 -4.7
Cornerstone FY 2014 2 kobo Nil 10-Jul-15 25-Jul-15 BERGER H1(2015) 237 161 50.2 1.412 14.91
NEM FY 2014 6 kobo Nil 10-Jul-15 31-Jul-15 CADBURY Q2(2015) 250 250 -120 14.137 -8
Presco FY 2014 100 kobo Nil 08-Jul-15 27-Jul-15 CAP H1(2015) 1.272 868 17 3.558 6
Smart Products FY 2014 25 kobo Nil 10-Jul-15 11-Aug-15 CCNN H1(2015) 1.916 1.303 -17.98 8.739 -6.98
CONTINSURE FY 2014 11 kobo Nil 24-Jul-15 31-Jul-15 CILEASING H1(2015) 409 327 -11 9.692 52
INTERBREW FY 2014 25 kobo Nil 25-Jul-15 11-Aug-15 CORNERST H1(2015) 259 233 -60.18 3.999 23.68
CCNN FY 2014 35 kobo Nil 24-Jul-15 18-Aug-15 DIAMONDBNK H1(2015) 14.193 12.154 -12 83.164 5.6
ETI FY 2014 Nil 1 for 15 22-Jul-15 N/A FBNH H1(2015) 52 10 7.75 205 24.8
McNichols FY 2014 4 kobo 1 for 10 17-Jul-15 27-Jul-15 FIDELITYBK H1(2015) 9 8 2.46 71 13.6
TRANSEXPR FY 2014 10 kobo Nil 13-Jul-15 07-Aug-15 FLOURMILL Q1(2015) 7.724 8.474 -120 308.75 -5.2
MRS FY 2014 88 kobo Nil 17-Jul-15 06-Aug-15 JAPAUL Q1(2015) 557 557 -326 3.108 -3.4
NIGERINS FY 2014 3.5 kobo Nil 17-Jul-15 29-Jul-15 JULI Q3(2014) 24.572 24.572 -10 126.521 -0.1
7UP FY 2014 275 kobo Nil 17-Jul-15 29-Sep-15 JULI HI(2014) 9.297 9.297 26 85.077 -16
STANBIC H1(2015) 90 kobo Nil 31-Jul-15 28-Aug-15 MBENEFIT FY(2014) 4.526 4.099 102 15.451 638
McNICHOLS H1(2015) 35 32 111.5 485 114
NAHCO H1(2015) 503 377 -0.92 4.246 8.94
NB H1(2015) 30.989 21.477 -10 151.673 7
NEM Q2(2015) 1.872 1.582 45 4.797 11
NPFMCRFBK H1(2015) 370 370 133.3 1.15 121.5
STANBIC H1(2015) 9.537 9.695 -40 68.295 11
TRANSCORT H1(2015) 2.484 1.758 -16.5 7.241 -10.22
UBCAP Q2(2015) 1.792 1.408 11.58 2.75 22
UBN H1(2015) 6.614 6.458 1.81 55.958 5.8
UNILEVER H1(2015) 94.07 85.57 -94 28.721 -2
WEMA Q2(2015) 1.173 0.997 -31 17 0.9
Corporate Action (July 2015) Company Result (July 2015)
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News Highlight – PENSION
Pencom targets 20 million contributors
Yesterday, the Nigerian Pension Commission (PenCom), announced plans to increase the number of
contributors under the contributory pension scheme (CPS) to 20 million by 2019.
The number of contributors under the scheme which currently stands at 6.5 million, is only about 11.4% of labour
force, going by our estimates. We believe that unemployment, especially the low level of formal employment is
the primary reason why labour force contribution to the scheme is quite low (see CSL Nigeria Daily, 21 July).
This to us, explains why PenCom expects to reach its target by focusing on an ongoing micro pension initiative
that aims to capture a larger portion of the informal sector.
Source: PenCom, CSL Research
The recently-introduced Pension Reforms Act (2014) also provides a wider scope for the inclusion of the informal
sector by extending participation to organisations with a minimum of three persons from a minimum of five
persons previously. We however have not noticed any significant impact, as number of contributors in the
scheme have only grown by about 5.0% since the PRA was signed into law in July 2014.