As investors return from the weekend, trading activities on the Nigerian bourse closed pessimistic to open the first trading of the week negative as against the positive outlook witnessed in the last session due to renewed sell pressure on the main board amid increased volume turnover and Naira votes while market breadth also closed depressed.

Nevertheless, the key benchmark indices resumed southwards movement as sentiments turned red, taking hits majorly from Large CAP stock which was particularly driven by ZENITHBANK.

In the same vein, the market capitalization of 187 first-tier equities depreciated by N11.98 billion as market sentiments turned negative. 103 equities were traded today as against previous 105 with more activities recorded in Financial Services, Conglomerates, Healthcare, Consumer Goods, Services, Industrial Goods, Oil & Gas, ICT, Construction/Real Estate and Agriculture sectors.

Today, four out of five NSE sectoral indices closed negative as NSE 30 which basically measures the performance of blue chips resumed downtrend by -0.16%, NSE Insurance closed with -1.52% losses while NSE Oil & Gas closed flat, NSE banking records -0.35% loss while NSE Food also records -0.41% loss.

At the close of trading session, the NSE All-Share Index dips by -0.18% to close at 21,357.22 as against an upbeat by +0.22% recorded in the previous session to close at 21,394.77. In the same vein, market capitalization depreciated by N11.98 billion (US$79.89 million) to close at N6.81 trillion (US$45.43billion) as against appreciation by N14.89 billion (US$99.26 million) recorded in preceding session to close at N6.82 trillion (US$45.51billion).
 

The number of gainers at the close of trading session closed lower at 16 as against 24 recorded in the previous session while decliners also closed lower at eighteen (18) as against twenty-seven (27) losers recorded in the previous trading day – suggesting a negative market breadth.
 

As usual, Financial Services sector led the market transaction volume today with 119.11 million units valued at N554.71 million (US$3.69 million) exchanged in 1,962 deals as against 82.10 million units valued at N510.94 million (US3.40 million) exchanged in 1,689 deals recorded in previous session.
 

The volume recorded in the sector was driven by transaction in the shares of DIAMONDBNK, FIRSTBANK, UBA, STERLNBANK and ACCESS Plc and the total volume of 88.36 million units valued at 320.57 million traded in five stocks accounted for 32.61% of the entire market volume and their value represented 24.08% of the market’s value.
 

Transaction volume on the exchange moved up by +97.27% to close at 271.01 million units exchanged in 3,648 deals as against a decline by -42.71% recorded in the previous trading to close at 137.38 million units exchanged in 2,966 deals.

Also, market value appreciated by +17.37% to close at N1.33 billion (US8.87 million) as against depreciation by -19.44% recorded in the previous trading session to close at N1.13 billion (US$7.55 million).
 

Sectoral Performance (According to New Market Segmentation)

Financial Services sector led the market sectoral performance with 119.11 million units of shares traded in 1,962 trades within the sector, followed by Conglomerates sector to come second on the chart with 119.03 million units traded in 29 trades while Healthcare sector recorded 8.85 million units in 56 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 75.59% contribution to market turnover, followed by Small Cap stocks with 14.78% while Large Cap stocks stake 9.63% 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 UBA, IBTC and WAPCO dominated Medium Cap of 23 traded stocks. Similarly, ASHAKACEM, GLAXOSMITH and UNITYBNK led 73 traded stocks in the Small Cap category in that order. See table below
 

SECTORAL REVIEW

The Agriculture sector closed with one gainer as against one loser recorded in the previous session.

The Conglomerates sector closed with one gainer as against one loser recorded in the previous session. Transcorp Plc closed with +2.68% gains after today’s trading session.

The Construction/Real Estate sector closed with one loser as against one loser recorded in the previous session.

The Consumer Goods sector closed with one gainer to four losers as against five gainers to four losers recorded in previous session.

The Financial Services sector closed with five gainers to ten losers as against eight gainers to eight losers recorded in the previous session. Access Bank Plc moved up by +4.92% while GTAssure Plc moved down by -4.76% loss after today’s trading session.   
                                                                              

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

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

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

The Natural Resources sector closed with no price movement as against any price movement recorded in previous session.

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

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

Further analysis on Acquiring Banks since transaction date showed that the share price of Access Bank Plc has recorded +29.29% gains with FCMB recording -20.51% losses while Union Bank Plc leads the chart with +77.03% gains. However, Sterling Bank Plc recorded -16.54% losses while ETI also closed negative with -7.46% loss recorded. See the tracking table below.
 

Acquiring Banks

Stock That Made Headlines Today  

Earnings Report for Banks  

 Top Trades 

 Sectoral Index  

 Market Outlook by Capitalisation   

 Top Ten Gainers of the day.  

 Top Ten Losers of the day.  

 
analyst@proshareng.com , 00234-1-7624131, June 25^th 2012; 16.45hrs