National Daily

Market review

Monday 10
Investors stake N2.7b
The market also bubbled with activities as 349.4 million shares worth N2.7 billion were exchanged by the investors in 9,046 deals.

Out of this, the banking stocks accounted for 48 per cent of the day's turnover as their investors traded 167.5 million shares valued at N1.68 billion in 5,171 deals. It was followed by the Insurance sub-sector with 59.7 million shares worth N94 million done in 944 deals.
Meanwhile, price rally dominated the day's business as the gainers more than doubled the decliners as they stood at 59 to 25.

Leading the gainers was Guinnes with 407 kobo to close at N85.60 per share. It was followed by NB , Zenith Bank, First Bank and UAC-Property in the top 10 class with 179 kobo, 118 kobo, 111 kobo and 100 kobo to close at N37.66, N24.83, N23.32 and N24 respective!y.
Others were UBA and BOC Gases which gained 76 kobo apiece to close at N16.09 and N19.90 respectively. Dangote Sugar gained 74 kobo to close at N15.54.

Tuesday 11
Banks drive market
Investors continued their preference for banks stocks with the sub-sector dominating the activity chart and accounting for 63 per cent of total turnover.

The sub-sector traded 177.904 million shares, valued at Nl.988billion in 5,135 deals, representing a volume increase of six per cent over 167.505 million shares, valued at N1.681billion exchanged the preceding day in 5,171 transactions.

Volume in the sub-sector was boosted by activity in the shares of Oceanic Bank Plc, Access Bank Plc and First City Monument Bank Plc, all accounting for 49 per cent of turnover.
The three banks traded 87.147 million shares, valued at N850.28million in 1,580 deals.
The insurance sub-sector followed on the activity chart, trading 50.630 million shares valued at N 83.852m in 745 transactions.

The market capitalisation of the 303 listed equities closed on a positive, appreciating by N168bn or 2.2 per cent, up from N7.672m at Monday's close to N7.840million. The All-Share-Index of the NSE chalked up 765 basis points or 2.2 per cent, up from 34,973.05 to 35,738.02. Fifty-two stocks appreciated in price, lower than 59 the previous day with two companies in the breweries sub-sector -Guinness Nigeria Plc and Nigerian Breweries Plc recorded the highest price appreciation, gaining N4.28 and N1.86 to close at N89.88 and N39.54 per share in that order. Both companies traded 739,819 shares valued at N34.814m in 68 transactions.

As in the previous day, the shares of two banks - First Bank of Nigeria Plc and Zenith Bank Plc followed on the price gainers' chart, adding N1.16 and N1.02 to close at N24.48 and N25.85 per share respectively.
25 stocks depreciated in price. Oando and Julius Berger Nigeria Plc shed N6.94 and N3.38 to close at N131.87 and N64.40 per share in that order. Investors staked N2.529billion on 283.853 million shares in 7,935 deals as against 349.348 million shares valued at N2.649bn exchanged on Monday in 9,046 transactions.

Wednesday 12
Indicators appreciate
The major market indicators have appreciated significantly. The market capitalisation of the 303 listed equities appreciated by N611billion or 8.2 per cent from N7.405trillion last Thursday to N8.016tn on Wednesday, while the All-Share-Index of the Nigerian Stock Exchange appreciated by the same margin.

Investors continued their preference for bank's stocks which dominated the activity chart.
The sub-sector traded 229.971 million shares valued at N2.975billion in 6,301 deals. This represented a volume increase of 29 per cent over 177.904 million shares valued at N1.988billion traded at Tuesday's close in 5,135 transactions.

Turnover in the sub-sector accounted for 61 per cent of total volume traded.
The insurance sub-sector followed on the activity chart trading 94.790 million shares valued at N175.574million in 1,296 transactions.

Sixty five stocks appreciated in price higher than 52 the previous day with two companies in the brewing sub-sector, Guinness Nigeria Plc and Nigerian Breweries Plc, recording the highest price appreciation, gaining N4.29 and N1.97 to close at N94.37 and N41.51 per share in that order
22 stocks depreciated in price lower than 25 the preceding day with Oando Plc and Julius Berger Nigeria Plc shedding N6.59 and N2.80 to close at N125.28 and N61.60 per share respectively.

Thursday 13
50 stocks appreciated in price
50 stocks appreciated in price, lower than 52 the preceding day, Guinness Nigeria Plc led the price gainers' chart with a gain of N4.71 to close at N99.08 per share.
The company traded 735,907 shares valued at N72.914million in 70 deals. Flour Mills Plc and Seven up Bottling Company Plc followed on the price gainers' chart, appreciating by N2.32 and N2.15 to close at N48.83 and N45.18 per share in that order.

28 stocks depreciated in price higher than 25 the previous day with two oil companies-Chevron Oil Nigeria Plc and Oando Plc, topping the price losers' chart, dropping by N14.79 and N6.26 to close at N281.05 and N119.02 per share respectively.

Similarly, two companies in the building materials sub-sector-Benue Cement Company and Ashaka Cement Plc followed on the price losers' chart, losing N1.85 and N1.29 to close at N35.32 and N29.20 per share respectively.

The banking sub-sector continued its dominance on the activity chart, accounting for 45 per cent of total turnover.
The sub-sector traded 256.990 million shares valued at N3.518billion in 7,100 transactions. This represented a volume increase of 12 per cent over 229.971 million shares valued at N2.975bn exchanged the preceding day in 6,301 deals.

The insurance sub-sector followed on the activity chart, trading 190.072 million shares, valued at N378.376m in 1,054 deals, representing 33 per cent of total volume traded.
The market capitalisation of the 303 listed equities closed on a positive note, appreciating by N174billion or 2.2 per cent from N8.016trillion on Wednesday to N8.190trillion.
The All-Share-Index appreciated by 2.2 per cent from 36,538.14 to 37,333.64.

Friday 14
Investors' stake N4.3b
Investors' continued to increase as the market realized a turnover value of N4.3billion at the close of trading. The Banking sector brought in the highest with N3.7billion, followed by the Food/Beverage and Tobacco subsector with N174million. Volume for the day was also largely driven by the banking subsector with 258bmillion, while the Insurance subsector followed with 87million.
Guinness Nigeria Plc led on the gainers' table with a gain of N4.95. It opened trading at N90.08 and closed at N104.03. Chevron Oil Nigeria Plc topped the losers' chart with a loss of N14.05, having opened at N281.05 and closed at N267.00