Proshare Logo
   Market Date: 26-01-2015   
Agriculture ARTS FINANCE All One Min News Archives Bonds Cap Mkt Sentiments Capital Market CASHLESS NIGERIA Commodities Corporate Earnings Daily & Weekly Market Updates Elections Enterpreneurship ETFs Forex Frauds & Scandals General Global Market Insurance Investors NewsBeat Islamic Finance Mergers & Aquisitions Money Market Mortgage Mutual Funds Nigeria Economy Oil Sector Opinions and Analysis Pensions People Personal Finance Politics Power Products & Services Professionals Property Public Offers Private Placements Regulators REITs Stock PICKS Taxation Telcos Travel & Tours Unlisted OTC MARKET World of Business

100212: All-Share Index drops by -1.22% as unprofitable transactions dominate the week.

Category: Daily & Weekly Market Updates

  Read (1854)
100212: All-Share Index drops by -1.22% as unprofitable transactions dominate the week.

Trading activities end in the negative territory for the second week running as the bears rules throughout all sessions due to continuous sell pressure while investors await corporate announcements from top performing banks which may attract more patronage to the equity market.

Furthermore, trading activities on the Nigerian bourse retraced on Tuesday to open the first trading day of the week after the Eid-El-Maoulud celebration pessimistic as the bears re-surfaced.

Equity market closed red on Wednesday due to continuous sell pressure while NSE slides on Thursday as market outlook closed depressed amid low volume turnover and Naira votes.

Subsequently, market maintained downtrend on Friday as continuous selling activities further impacted market outlook negatively while trading closed with aggregate loss for the week.

In the same light, the key benchmark indices slides by -0.41% to open the first session downbeat due to renewed selling activities. The second session maintains previous negative position while NSE Index dips further by -0.48%.

Nigerian stocks sustain southwards movement as small Cap stocks predominantly contributed to the downtrend while index plummeted by -0.30% to end the third session in the red zone.

Consequently, continuous selling activities witnessed on Friday further impacted market outlook negatively to close the session with -0.04% loss while All Share Index closed with -1.22% aggregate loss for the week.

Further analysis on acquiring banks showed that the share price of Access Bank Plc closed positive with +6.16% gain recorded in the week, ETI Plc moved southwards by -4.49% as FCMB Plc also moved in the same direction with -4.53%, Sterling Bank Plc closed positive with -1.19% gain while Union Bank Plc closed negative with -4.97% loss recorded. See the tracking table below

However, the All-Share Index in the week under review dips by -1.22% to close at 20,623.63 as against a decline by -0.07% recorded last week to close at 20,877.64.


In the same vein, the market capitalization in the week depreciated by N80.05 billion (US$533.69million) to close at N6.49 trillion (US$43.31billion) as against depreciation by N4.73 billion (US$31.55million) recorded last week to close at N6.57 trillion (US$ 43.84billion).

The total volume traded in the week closed at 1.34 billion units valued at N7.00 billion (US$46.70 million) compared with 1.61 billion units valued at N15.10 billion (US$100.69 million) exchanged in 17,458 deals last week. The volume transaction in the week when compared with the previous week data moved down by -16.81% as against upwards movement by +21.91% recorded last week. Weekly value also went down by -53.62% as against positive position of +49.91% recorded last week.

The volume traded in the top ten most traded stocks for the week represented 71.40% of the entire market volume transactions and their total value accounted for 52.46% of the market value. 


Financial Services sector emerged the most traded sector in the week in terms of volume. The volume traded in the sector this week alone closed at 1.12 billion units, valued at N3.98billion and exchanged in 8,371 deals compared with 1.19 billion units, valued at N4.43billion and exchanged in 9,931 deals in the preceding week. The volume traded in the sector accounted for 84.00% of the entire market compared with 74.34% of the ratio recorded last week.

UBA Plc led the market volume for the week just as it also top traded stock on the transaction volume chart last week.

The sector’s volume transaction was mainly boosted by trading in the shares of the companies in the top-ten category.

Consumer Goods sector followed with 70.37 million units valued at N2.14 billion and exchanged in 3,027 deals compared with 126.63 million units valued at N4.53 billion and exchanged in 3,427 deals recorded in the sector last week.



NSE All-Share Index opened the week on a negative note with -0.41% loss, bearish sentiments dominated the week as ASI closed negative on Friday by -0.04% loss with negative market breadth.


In the week under review, three NSE sectoral Indices closed negative as NSE Insurance recorded the highest loss by -4.59% while NSE 30 closed with the lowest loss by -1.20%. 



Top 10 Gainers of the week

The numbers of gainers in the week closed at nineteen (19) compared with twenty-seven (27) appreciations recorded last week. Eterna Oil Plc topped the gainers chart for the week with +14.81% appreciations. Other gainers in the top ten appreciation class are outlined below. 



Top 10 Losers of the week

Forty-two (42) stocks recorded price decline of different magnitude in the week under review compared with forty-one (41) stocks declined in the previous week. Japaul Oil Plc topped the losers chart for the week with-15.85% depreciation. Other losers in the top ten classes are outlined below.


Banking Earnings Report

Acquiring Banks 


Corporate Declarations for the Week 



Follow the link to get the latest banking results details , 00234-1-7624131, February 10th, 2012; 17.05hrs

Tags: , 

Comment With Your Facebook or Yahoo! ID

Latest news

News on Daily & Weekly Market Updates

About Us

Who We Are
Our Team & Partners
Corporate Governance
Advertise with Us
Subscribe / Unsubscribe
Site Map
News Feed - RSS
Contact Us
Volunteer Program
Message from CEO

News & Features
The Analyst / Market Data
Investor Relations Portal
The Regulator
Economy & Politics
Training Portal
Events Calendar
NewsStands - Online Reputation

Products and Services

Research & Market Intelligence
Analyst Services
Offers & Rights Support Service
Investor Relations Services
Alert & Subscription Services
Share Support Services
Proshare Consult
Event & Seminar Coverage
Market Directory
File a Complaint
News & Analysis

News from TheANALYST
Video News from WebTV
Money Market Updates
Opinions & Analysis
Nigerian Economy
Market Data
The Regulator
Discussion Forum

Subscriber Agreement
Privacy Policy
Data Policy
Copyright Policy
Comments in Site
Advertising Code
Conflict of Interest
Content Partnership
3rd Parties

Online Trading and Execution
Legal Support Services
Web/Technology Services
File a Complaint

CBN Governor 2014