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210912: NSE Index moves northwards by +2.12% in the week; CBN retains MPR at 12%

Category: Daily & Weekly Market Updates


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210912: NSE Index moves northwards by +2.12% in the week; CBN retains MPR at 12%

Trading activities in the week on the Nigerian bourse closed upwards for the fifth consecutive session as profitable transaction recorded in the first four trading days ensured the sustenance of the positive trend while CBN keeps its benchmark rate on hold at 12% for the sixth time in a row.

Market closed northwards to open the first trading day of week positive as bargain hunting continue to outweigh sell pressure  with ASI recording moved down by +0.14% gain while market sustained uptrend on Tuesday as All-Share Index further went up by +0.32%.

Market continued to witness unrelenting bargain activities as trading activities closed northwards on Wednesday amid significantly improved volume turnover and Naira votes while NSE Index inches up by +0.73% gains. Similar outlook was also recorded on Thursday as the bulls further consolidated on their gains amid increased optimism ASI firms up by +0.91% gains.

Consequently, trading activities on Friday closed negative as sentiments closed negative. The key benchmark index dipped marginally by -0.01% while market closed the week with aggregate gain of +2.12%.
 

Further analysis on acquiring banks since transaction date showed that the share price of Access Bank Plc has recorded +91.11% gains with FCMB recording -18.46% losses while Union Bank Plc leads the chart with +336.84% gains. However, Sterling Bank Plc recorded +21.26% gains while ETI closed negative with -1.89% loss recorded. See the tracking table below

However, the All-Share Index in the week under review inches up by +2.12% to close at 25,873.71 as against an upbeat by +2.01% recorded last week to close at 25,337.18.
 

In the same vein, the market capitalization in the week appreciated by N172.56 billion (US$1.15 billion) to close at N8.23 trillion (US$54.90 billion) as against appreciation by N158.68 billion (US$1.05 billion) recorded last week to close at N8.06 trillion (US$ 53.75 billion).

The total volume traded in the week closed at 2.69 billion units valued at N15.70 billion (US$104.63 million) compared with 2.22 billion units valued at N14.25 billion (US$94.98 million) exchanged in 24,108 deals last week. The volume transaction in the week when compared with the previous week data moved up by +21.18% as against decline by -35.89% recorded last week. Weekly value also went up by +10.17% as against negative position of -40.60% recorded last week.

 

The volume traded in the top ten most traded stocks for the week represented 69.47% of the entire market volume transactions and their total value accounted for 58.17% 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 2.26 billion units, valued at N11.68billion and exchanged in 14,366 deals compared with 1.87 billion units, valued at N10.36billion and exchanged in 14,381 deals in the preceding week. The volume traded in the sector accounted for 84.15% of the entire market compared with 84.55% of the ratio recorded last week.

FCMB Plc led the market volume for the week to displace Cornerstone Insurance 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.

Consumer Goods sector followed with 115.26 million units valued at N2.60 billion and exchanged in 4,809 deals compared with 108.19 million units, valued at N2.40 billion and exchanged in 4,547 recorded in the sector last week.

 




INDEX MOVEMENTS 

NSE All-Share Index opened the week on a positive note with +0.14% gain, positive sentiments dominated the week while ASI closed negative on Friday by -0.01% with positive market breadth




In the week under review, all NSE sectoral Indices closed positive as NSE Insurance recorded the highest gain by +7.02% while NSE Oil closed with the lowest gain by +0.67%.

 
 

Top 10 Gainers of the week

The numbers of gainers in the week closed at fifty-six (56) compared with forty (40) appreciations recorded last week. Fidson Plc topped the gainers chart for the week with +47.62% appreciations. Other gainers in the top ten appreciation class are outlined below.
 

 

Top 10 Losers of the week

Eighteen (18) stocks recorded price decline of different magnitude in the week under review compared with twenty-nine (29) stocks declined in the previous week. MRS Oil Plc topped the losers chart for the week with-83.09% depreciation. Other losers in the top ten classes are outlined below.

 

Banking Earnings Report

 

Acquiring Banks



Stocks That Made Headlines Today

 

Corporate Declarations for the Week

 

analyst@proshareng.com , 00234-1-7624131, Sep 21st 2012; 17.40hrs 



Tags: Nigerian Stock Market,  market indicator,  trading activities,  analysis ,  Financial Services,  Cornerstone Insurance Plc,  Consumer Goods ,  INDEX MOVEMENTS ,  , 



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