170512: NSE All-Share Index records marginal loss; dips by -0.03%

Category: Daily & Weekly Market Updates

Read (2020)

170512: NSE All-Share Index records marginal loss; dips by -0.03%

Nigerian Stock Market resumed downtrend with a modest loss after closing green in the previous session amid increased market turnover while the CBN 226th Monetary Policy Committee meeting is scheduled to hold between May 21st - 22nd 2012.

Nevertheless, the key benchmark indices recommenced downtrend as sentiments turned red, taking hits majorly from Medium CAP stock which was particularly driven by DANGFLOUR.

In the same vein, the market capitalization of 187 first-tier equities depreciated by N2.23 billion as market sentiments turned red. 91 equities were traded today as against previous 99 with more activities recorded in ICT, Financial Services, Consumer Goods, Conglomerates, Industrial Goods, Oil & Gas, Services, Agriculture and Healthcare sectors.

Today, four out of the five NSE sectoral indices closed negative as NSE 30 which basically measures the performance of blue chips retraced by -0.02%, NSE Insurance maintained downtrend by -0.52% while NSE Oil & Gas closed flat with NSE banking recording -0.14% loss while NSE Food also recorded -0.03% loss.

At the close of trading session, the NSE All-Share Index dips marginally up by -0.03% to close at 22,517.66 as against an upbeat by +0.46% recorded in the previous session to close at 22,524.67. In the same vein, market capitalization depreciated by N2.23 billion (US$14.89 million) to close at N7.18 trillion (US$47.85billion) as against appreciation by N32.60 billion (US$217.28 million) recorded in preceding session to close at N7.18 trillion (US$47.87billion).

The number of gainers at the close of trading session closed flat at 17 as against 17 recorded in the previous session while decliners closed lower at sixteen (16) as against twenty-four (24) losers recorded in the previous trading day – suggesting a positive market breadth.

Today, the following companies presented their results

1. Diamond Bank Plc: in its Q1 2012 result recorded positive turnover growth of 48.5% and positive PAT growth of +1127.0%.

2. Deap Capital Mgt & Baker Plc: in its Q1 2012 result negative turnover growth of -70.7% and positive PAT growth of +51.9%.

3. Tourist Co. of Nig Plc: in its Q1 2012 result negative turnover growth of -9.8% and positive PAT growth of +15%.

Surprisingly, ICT sector led the market transaction volume today with 347.44 million units valued at N778.30 billion (US$5.18 million) exchanged in 13 deals as against 0.103 million units valued at N0.052 million exchanged in 8 deals recorded in previous session.

The volume recorded in the sector was driven by transaction in the shares of IHS Plc and the total volume of 347.32 million units valued at N777.99 million traded in the stock accounted for 61.60% of the entire market volume and their value represented 28.19% of the market’s value.

Transaction volume on the exchange moved up by +116.63% to close at 563.80 million units exchanged in 3,738 deals as against a decline by -42.06% recorded in the previous trading to close at 260.26 million units exchanged in 4,325 deals.

Also, market value appreciated by +13.93% to close at N2.76 billion (US$18.39 million) as against depreciation by -41.36% recorded in the previous trading session to close at N2.42 billion (US$16.14 million).

Sectoral Performance (According to New Market Segmentation)

ICT sector led the market sectoral performance with 347.44 million units of shares traded in 13 trades within the sector, followed by Financial Services sector to come second on the chart with 162.44 million units traded in 1,947 trades while Consumer Goods sector recorded 20.33 million units in 985 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 Small Cap stocks according to new market segmentation topped today's market activity with 72.11% contribution to market turnover, followed by Medium Cap stocks with 16.47% while Large Cap stocks stake 11.42% 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 WAPCO, UBA and IBTC dominated Medium Cap of 23 traded stocks. Similarly, TRANSCORP, GLAXOSMITH and HONYFLOUR led 69 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 gainer to one loser recorded in the previous session.

The Conglomerates sector closed with one gainer as against one gainer to one loser recorded in the previous session. Transcorp Plc closed with +4.48% gains after today’s trading session.

The Construction/Real Estate sector closed with no price movement as against one gainer recorded in the previous session.

The Consumer Goods sector closed with two gainers to three losers as against three gainers to five losers recorded in previous session. NASCON Plc moved northwards by +5.00% after today’s trading session.

The Financial Services sector closed with six gainers to ten losers as against five gainers to twelve losers recorded in the previous session. Stanbic IBTC Bank Plc moved up by +4.77% while Law Union & Rock Plc moved down by -3.85% loss after today’s trading session.

The Healthcare sector closed with one gainer to two losers compared to two losers recorded in previous session.

The ICT sector closed with no price movement as against no price movement recorded in the previous session.

The Industrial Goods sector closed with two gainers as against three gainers to two losers recorded in previous session.

The Natural Resources sector closed with no price movement as against any price movement recorded in previous session. All stocks in the sector closed flat after today’s trading session.

The Oil & Gas sector closed with one gainer as against one gainer to one loser recorded in previous session.

The Services sector closed with four gainers as against one gainer to one loser recorded in the previous session.

Further analysis on Acquiring Banks since transaction date showed that the share price of Access Bank Plc has recorded 36.36% gain, followed by FCMB with 21.79% while Union Bank Plc leads the chart with 105.74% gain. However, Sterling Bank recorded -2.36% loss while ETI also closed negative with -3.17% loss recorded. See the tracking table below.

Acquiring Banks