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140212: Equity Market inches up by +0.41% as the bulls resurface.

Category: Daily & Weekly Market Updates


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140212: Equity Market inches up by +0.41% as the bulls resurface.

Nigerian Stock Market closed green after five days of negative positions as bargain hunting outweighed sell pressure while impressive market transactions witnessed in Small Cap stocks which dominated the gainers’ list contributed to the lifting of the market indicator.

Furthermore, the key benchmark indices garnered 83.39 basis points to close upbeat as the bulls re-emerge stylish, taking supports from Blue Chip, Food & Beverages and Banking stocks while major NSE sectoral indices closed with similar mixed standpoint.

The renewed buying activities in Financial Services and Oil & Gas sectors impacted the outlook recorded today. Meanwhile, sell pressure was witnessed in Conglomerates, Construction/Real Estate, Consumer Goods, Healthcare, Industrial Goods and Services sector.

In the same vein, the market capitalization of 186 first-tier equities appreciated by N26.28 billion as market sentiments turned green. 93 equities were traded today as against previous 93 with more activities recorded in Financial Services, Consumer Goods, Industrial Goods, Oil & Gas, Services, Healthcare, Conglomerates and ICT sectors.

Today, three out of the five NSE sectoral indices closed positive as NSE 30 which basically measures the performance of blue chips retraced by +0.56%, NSE Oil & Gas also retraced by -1.79% as NSE Food & Beverages closed uptick by +0.33% while NSE Insurance recorded -0.94% loss with NSE Banking recording the highest gain by +1.75%.

At the close of trading session, the NSE All-Share Index inches up by +0.41% to close at 20,667.00 as against a decline by -0.19% recorded in the previous session to close at 20,583.61. In the same vein, market capitalization appreciated by N26.28billion (US$175.15million) to close at N6.51trillion (US$43.40billion) as against depreciation by N12.61billion (US$84.05million) recorded in preceding session to close at N6.48trillion (US$43.23billion).
 

The number of gainers at the close of trading session closed lower at 17 as against 10 recorded in the previous session while decliners closed higher at twenty-six (26) as against seventeen (17) losers recorded in the previous trading day – suggesting a negative market breadth.
 

Today, the following company presented its result
 

1. Honeywell Flour Mills Plc: in its Q3 2011 result recorded positive turnover growth of 6.0% and positive PAT growth of 22.6%.
 

Financial Services sector led the market transaction volume today with 799.63 million units valued at N2.00 billion (US$13.35 million) exchanged in 2,183 deals as against 230.20 million units valued at N893.25 million (US$5.95 million) exchanged in 1,764 deals recorded in previous session.
 

The volume recorded in the sector was driven by transaction in the shares UBA, First Bank, Skye Bank, Access Bank and Fidelity Bank Plc and the total volume of 738.42 million units valued at N1.58 million traded in five stocks accounted for 85.84% of the entire market volume and their value represented 61.99% of the market’s value.

Transaction volume on the exchange moved up by +241.12% to close at 860.28 million units exchanged in 3,784 deals as against an upbeat by +19.45% recorded in the previous trading to close at 252.19 million units exchanged in 3,123 deals.

 

Also, market value appreciated by +84.25 to close at N2.56 billion (US$17.06 million) as against appreciation by +3.37% recorded in the previous trading session to close at N1.39 billion (US$9.26 million).
 

Sectoral Performance (According to New Market Segmentation)

Financial Services sector led the market sectoral performance with 799.63 million units of shares traded in 2,183 trades within the sector, followed by Consumer Goods sector to come second on the chart with 20.32 million units traded in 735 trades while Industrial Goods sector recorded 4.35 million units in 179 trades to close with third position on the chart. See the full table below  



 

Market Outlook by Classification 

At the end of today's session, it was observed that Medium Cap stocks according to new market segmentation topped today's market activity with 87.30% contribution to market turnover, followed by Small Cap stocks with 6.81% while Large Cap stocks stake 5.89% to come last on the chart.

Among the Large cap stocks, DANGCEM, NB and GUARANTY Plc topped the 7 traded stocks in that class while UNILEVER, IBTC and WAPCO Plc dominated Medium Cap of 21 traded stocks. Similarly, HONYFLOUR, UBN and GLAXOSMITH led 64 traded stocks in the Small Cap category in that order. See table below  

 

 

SECTORAL REVIEW

 

The Agriculture sector closed with no price movement as against one loser recorded in the previous session. All stocks in the sector closed flat after today’s trading session.

The Conglomerates sector closed with one loser as against one gainer to one loser recorded in the previous session. UACN closed negative by 2.03% after today’s trading session.

The Construction/Real Estate sector closed with one loser as against two losers recorded in previous session. JBERGER moved down by -4.97% after today’s trading session.

The Consumer Goods closed with two gainers to four losers compared with three gainers to four losers recorded in previous session. NB moved northwards by +1.53% while DANGSUGAR moved southwards by -4.88% after today’s trading session.

The Financial Services sector closed with nine gainers to six losers as against two gainers to seven losers recorded in the previous session. FIRSTBANK moved up by +5.00% while UBA moved down by -4.65% after today’s trading session.

The Healthcare sector closed with one gainer to two losers compared with no price movement recorded in previous session. GLAXOSMITH closed positive by 1.99% while EVANSMED closed negative by 4.48% after today’s trading session.

The Information & Communication Technology sector closed with no price movement the same market outlook recorded in the previous session. All stocks in the sector closed flat after today’s trading session.

The Industrial Goods sector closed with one gainer to four losers as against one gainer recorded in previous session. CCNN moved northwards by +4.43% while CAP moved southwards by -4.97 after today are trading session.

The Natural Resources sector closed with no price movement the same market posture recorded in previous session. All stocks in the sector closed flat after today’s trading session.

The Oil & Gas sector closed with two gainers to two losers as against one gainer recorded in previous session. OANDO closed by +4.84% while TOTAL closed by -5.00% after today’s trading session.

The Services sector closed with two gainers to five losers as against one gainer to two losers recorded in the previous session. RTBRISCOE closed positive by 4.35% while NAHCO closed negative by 4.94% after today’s trading session.

Further analysis on Acquiring Banks showed that the share prices of Access Bank Plc closed positive with +1.55% as ETI Plc closed flat while FCMB Plc also closed flat. Sterling Bank Plc moved southwards by -1.23% while Union Bank Plc closed flat after today’s trading session. See the tracking table below.

Acquiring Banks  

  

Earnings Report for Banks 

  

Top Trades 

  

Sectoral Index
 
  

Market Outlook by Capitalisation 

   
 

Top Ten Gainers of the day.
 

 

Top Ten Losers of the day.

  

Corporate Declaration
 
  

Follow the link to get the latest banking results details 

 

analyst@proshareng.com , 00234-1-7624131, February 14th, 2012; 17.10hrs



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