Trading activities on the Nigerian bourse closed positive for the second consecutive week as profitable transactions dominated market activities in most trading days of the week while NSE Index crossed the 22,000 psychological line as bargain activities significantly outweighed sell pressure.

Furthermore, the key benchmark indices sustained uptrend by +0.10% to open the first trading day of the week optimistic as Blue Chips stocks lift the market indicators further while the second also closed in the positive territory by +0.53% as the bulls continue to dominate market activities to further the rally.
 

Bargain activities continued to outweigh sell pressure in the third session as NSE ASI firms up by +0.34% to maintain northwards movement as market YTD performance stands at +5.96% while similar outlook was also recorded on Thursday with NSE Index recording +0.64% gain to close the fourth session also northwards.
 

Conversely, trading activities on Friday closed in the red zone as sentiments turned negative. Consequently, the key benchmark indices dips marginally by -0.001% while market closed the week with aggregate gain of +1.62%. 
 

Further analysis on acquiring banks since transaction date showed that the share price of Access Bank Plc has recorded 17.78% gain, followed by FCMB with 34.10% gain while Union Bank Plc leads the chart with 93.78% gain. However, Sterling Bank recorded -5.51% loss while ETI closed positive with +1.11% gain recorded. See the tracking table below

However, the All-Share Index in the week under review moved up by +1.62% to close at 22,109.44 as against an upbeat by +4.89% recorded last week to close at 21,756.50.
 

In the same vein, the market capitalization in the week appreciated by N112.55 billion (US$750.37 million) to close at N7.05 trillion (US$46.99billion) as against appreciation by N322.96 billion (US$2.15 billion) recorded last week to close at N6.93 trillion (US$ 46.24billion).

The total volume traded in the week closed at 1.96 billion units valued at N17.23billion (US$114.87 million) compared with 2.04 billion units valued at N15.73 billion (US$104.87 million) exchanged in 19,783 deals last week. The volume transaction in the week when compared with the previous week data moved down by -4.24% as against upwards movement by +27.81% recorded last week. Weekly value also went up by +9.54% as against positive position of +69.81% recorded last week.

 

The volume traded in the top ten most traded stocks for the week represented 76.59% of the entire market volume transactions and their total value accounted for 69.83% 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 1.70 billion units, valued at N12.58billion and exchanged in 14,914 deals compared with 1.76 billion units, valued at N10.78billion and exchanged in 10,826 deals in the preceding week. The volume traded in the sector accounted for 86.63% of the entire market compared with 86.20% of the ratio recorded last week.

UBA Plc led the market volume for the week 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 114.48 million units valued at N3.55 billion and exchanged in 4,032 deals compared with 113.97 million units, valued at N3.64billion and exchanged in 3,520 recorded in the sector last week.

INDEX MOVEMENTS 

NSE All-Share Index opened the week on a positive note with +0.10% gain, bullish sentiments dominated the week while ASI closed negative on Friday by -0.001% with positive market breadth.

In the week under review, three NSE sectoral Indices closed positive as NSE Oil & Gas recorded the highest gain by +7.35% while NSE 30 closed with the lowest gain by +1.26%.
 

Top 10 Gainers of the week

The numbers of gainers in the week closed at thirty-four (34) compared with thirty-three (33) appreciations recorded last week. Cadbury Plc topped the gainers chart for the week with +27.43% appreciations. Other gainers in the top ten appreciation class are outlined below.


 

Top 10 Losers of the week

Twenty-six (26) stocks recorded price decline of different magnitude in the week under review compared with thirty-three (33) stocks declined in the previous week. CAP Plc topped the losers chart for the week with-11.33% depreciation. Other losers in the top ten classes are outlined below.


 

Banking Earnings Report
 

Acquiring Banks
 

Corporate Declarations for the Week

analyst@proshareng.com , 00234-1-7624131, April 27^th 2012; 16.15hrs