Trading activities closed positive in the week after five weekly session of negative outlook as the three-day rally witnessed in the early sessions of the week lifted market back to the positive territory while  NSE signed a Memorandum of Understanding (MOU) with Lotus Capital for the development and management of a certified Shari'ah compliant Index which would increase the variety of investment classes in Nigeria as the   Islamic Equity Index joins the family of indices of The NSE.

Furthermore, the bulls resurfaced on the Nigerian bourse after nine consecutive session of negative position as ASI moves up by +1.34% to open the first trading day of the week optimistic bargain activities significantly outweighed sell pressure amid improve breadth while market maintained positive outlook for the second session just as weak market sentiments permeates across the main board with NSE Index consolidating by +0.27%.
 

The bulls continue to exert their dominance on the Nigerian bourse in the third session as they further increase their gains while ASI firms up by +0.28%. The bears re-surfaced in style in the fourth session as market dipped by -0.22% due to renewed sell pressure which outweighed bargain activities.

Conversely, trading activities on Friday closed southwards as sentiments remained bearish. Consequently, the key benchmark indices dips by -0.32% while market closed the week with aggregate gain of +1.35%. 
 

Further analysis on acquiring banks since transaction date showed that the share price of Access Bank Plc has recorded 26.26% gain with FCMB recording -17.95% losses while Union Bank Plc leads the chart with 66.03% gain. However, Sterling Bank Plc recorded -14.17% losses while ETI also closed negative with -8.31% loss recorded. See the tracking table below 
 

However, the All-Share Index in the week under review moved up by +1.35% to close at 21,184.58 as against a decline by -4.83% recorded last week to close at 20,902.95.
 

In the same vein, the market capitalization in the week appreciated by N96.62 billion (US$644.15 million) to close at N6.76 trillion (US$45.07 billion) as against depreciation by N338.33 billion (US$2.25 billion) recorded last week to close at N6.66 trillion (US$ 44.42billion).

The total volume traded in the week closed at 2.71 billion units valued at N7.37 billion (US$49.17 million) compared with 1.14 billion units valued at N8.86 billion (US$59.05 million) exchanged in 18,880 deals last week. The volume transaction in the week when compared with the previous week data moved up by +137.61% as against downwards movement by -12.14% recorded last week. Weekly value went down by -16.73% as against negative position of -6.33% recorded last week.
 

The volume traded in the top ten most traded stocks for the week represented 88.68% of the entire market volume transactions and their total value accounted for 59.40% 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 2.35 billion units, valued at N4.40billion and exchanged in 9,356 deals compared with 830.80 million units, valued at N6.15billion and exchanged in 11,014 deals in the preceding week. The volume traded in the sector accounted for 86.78% of the entire market compared with 72.69% of the ratio recorded last week.

Law Union & Rock Plc led the market volume for the week to displace First Bank Plc as 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.

Conglomerates sector followed with 166.16 million units valued at N452.43 million and exchanged in 863 deals compared with 114.53 million units, valued at N256.81 million and exchanged in 1,014 recorded in the sector last week. 

INDEX MOVEMENTS 

NSE All-Share Index opened the week on a positive note with +1.34% gains, bullish sentiments dominated the week while ASI closed negative on Friday by -0.32% with negative market breadth.

In the week under review, all NSE sectoral Indices closed negative as NSE 30 recorded the highest gain by +1.25% while NSE Food closed with the lowest gain by +0.05%.
 

Top 10 Gainers of the week

The numbers of gainers in the week closed at twenty-seven (27) compared with twenty-two (22) appreciations recorded last week. Intercontinental Wapic Insurance Plc topped the gainers chart for the week with +24.14% appreciations. Other gainers in the top ten appreciation class are outlined below.

Top 10 Losers of the week

Thirty-seven (37) stocks recorded price decline of different magnitude in the week under review compared with forty-one (41) stocks declined in the previous week. Dangote Flour Mills Plc topped the losers chart for the week with-16.81% depreciation. Other losers in the top ten classes are outlined below. 


 

Banking Earnings Report  
 

Acquiring Banks   

Stock That Made Headlines Today  

Corporate Declarations for the Week

analyst@proshareng.com , 00234-1-7624131, June 15^th 2012; 16.50hrs