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170212: Market CAP sheds above N100bn in 14 days

Category: Daily & Weekly Market Updates


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170212: Market CAP sheds above N100bn in 14 days

Nigerian Stocks closed the week southwards for the third consecutive session as the huge loss recorded in the mid-week session contributed immensely to the negative stance while the Nigerian Stock Exchange (NSE) also announced the revocation of licenses of some dealing member firms in its brokers cleansing as part of overall market confidence re-building.

Furthermore, Equity market sustained its losing streak on Monday to open the first trading day of the week negative amid slightly improved volume turnover and Naira votes while trading activities on the Nigerian bourse on Tuesday closed in the green zone as bargain hunting outweighed sell pressure while impressive.

Equity market resumed downtrend on Wednesday as the bears re-surfaced while NSE Index records modest loss on Thursday as pessimistic trading continues.
 

Subsequently, market resumed uptrend on Friday as renewed bargain hunting impacted market outlook positively while trading closed with aggregate loss for the week.
 

In the same light, the key benchmark indices dips by -0.19% to open the first session pessimistic due to continuous selling activities. The second session closed upbeat as the impressive market transactions witnessed in Small Cap stocks contributed to the lifting of the market indicator by +0.41%.

 

Equity market recommenced downwards movement after a day of positive stance while the loss witnessed in the shares of Dangote Cement Plc also contributed to the depressing position with NSE ASI recording -1.63% to end the third session in the red zone.

 

NSE Index dipped marginally in the fourth session to record -0.08% loss as investors continue to tread cautiously while market sentiments remained bearish amid improved volume turnover and Naira votes.
 

Consequently, revamped bargain activities witnessed on Friday impacted market outlook positively to close the session with +0.48% gain while All Share Index closed with -1.03% aggregate loss for the week.
 

Further analysis on acquiring banks showed that the share price of Access Bank Plc closed positive with +15.19% gain recorded in the week, ETI Plc moved southwards by -0.50% as FCMB Plc moved in the opposite direction with +3.75%, Sterling Bank Plc closed positive with +8.24% gain while Union Bank Plc closed negative with -4.99% loss recorded. See the tracking table below

However, the All-Share Index in the week under review dips by -1.03% to close at 20,411.17 as against a decline by -1.22% recorded last week to close at 20,623.63.
 

In the same vein, the market capitalization in the week depreciated by N66.95 billion (US$446.38million) to close at N6.43 trillion (US$42.87billion) as against depreciation by N80.05 billion (US$533.69million) recorded last week to close at N6.49 trillion (US$ 43.31billion).

The total volume traded in the week closed at 1.83 billion units valued at N8.83 billion (US$58.86 million) compared with 1.34 billion units valued at N7.00 billion (US$46.70 million) exchanged in 15,166 deals last week. The volume transaction in the week when compared with the previous week data moved up by +37.12% as against downwards movement by -16.81% recorded last week. Weekly value also went up by +26.03% as against negative position of -53.62% recorded last week.


 

The volume traded in the top ten most traded stocks for the week represented 84.02% of the entire market volume transactions and their total value accounted for 64.29% 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 1.59 billion units, valued at N5.86billion and exchanged in 9,435 deals compared with 1.12 billion units, valued at N3.98billion and exchanged in 8,371 deals in the preceding week. The volume traded in the sector accounted for 86.94% of the entire market compared with 84.00% 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.

ICT sector followed with 89.86 million units valued at N46.99 million and exchanged in 32 deals compared with 13.90 million units valued at N9.76 million and exchanged in 20 deals recorded in the sector last week.







INDEX MOVEMENTS 

NSE All-Share Index opened the week on a negative note with -0.19% loss, bearish sentiments dominated the week as ASI closed positive on Friday by +0.48% gain with negative market breadth.



In the week under review, three NSE sectoral Indices closed negative as NSE Oil & Gas recorded the highest loss by -2.36% while NSE 30 closed with the lowest loss by -0.54%.




Top 10 Gainers of the week

The numbers of gainers in the week closed at twenty-six (26) compared with nineteen (19) appreciations recorded last week. Eterna Oil Plc topped the gainers chart for the week with +20.97% appreciations. Other gainers in the top ten appreciation class are outlined below.


 

Top 10 Losers of the week

Thirty-four (34) stocks recorded price decline of different magnitude in the week under review compared with forty-two (42) stocks declined in the previous week. Dangote Sugar Refinery Plc topped the losers chart for the week with-18.55% 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 
analyst@proshareng.com , 00234-1-7624131, February 17th, 2012; 17.11hrs



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