Market relapsed first time in this week

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Wednesday, April 26, 2017:

Market Review:

After recording two straight sessions of growth, the Nigerian Equities Market relapsed on Wednesday.

The day’s decline can be traced to the might of DANGCEM in the market, such that the growth in the price of NSE Premium brands like FBNH and ZENITHBANK was not sufficient to take the market afloat.

The market showed some form of resilience as the bourse’s major market indexes closed mixed while the All Share Index (NSEASI) and Market Capitalization (MKT CAP) declined.

Low cap stocks coupled the effect of DAGCEM effect on the day’s trading. However, High cap stocks like SEPLAT and NB grew in the day, while TOTAL, NESTLE, GUINNESS, MOBIL and 7UP retained their prices.

Market breadth was positive as total number of Equities on the gainers’ chart was more than the number of equities on the losers’ chart.

Of the 178 stocks on the floor of the Stock Exchange on Thursday, 53.37 % (95 stocks) were traded out of which 24 stocks grew in price and 10 stocks declined in price while 144 stocks had their prices unchanged.

The Nigerian Stock Exchange’ All Share Index (NSEASI) and Market Capitalization (MKT CAP) closed negative, keeping the Year-to-Date at -4.66%.

Market Snapshot:

The Nigerian Stock Exchange’ All Share Index (NSEASI) for April 26, 2017 closed at 25,620 which is a 0.77% less than the previous session’s 25,818.87

Market Capitalization closed at ₦8.865 trillion against previous session of ₦8.934 trillion, representing 0.77% decrease.

2,845 deals of the day represented a decrease of 10.42% against previous session’s 3,176 deals.

The 0.256 billion units of equities traded for the day were 100.68% more than previous session’s 0.217 billion units.

Value of equities traded for the day increased by 83.49% from previous session’s ₦ 0.909 billion to ₦1.669 billion which was recorded for the day.

Gainers for the day (24):

OANDO, STANBIC and NEM led Twenty-one other percentage price gainers for the day.

Losers for the day (11):

DIAMONDBNK, TRANSCORP and PRESCO led other Eight percentage price losers for the day.

BEST STOCK:

ZENITHBANK, TRANSCORP and GUARANTY recorded the most deals in the day.

TRANSCORP, OANDO and UACN recorded the most volume in the day.

GUARANTY, OANDO and SEPLAT recorded the most value in the day.

OTHER INDEXES:

The Financial Services industry was the most active industry for the day with 8110.443 million shares exchanged for ₦0.736 billion Wednesday.

Conglomerates industry was next with 57.466 million share traded for ₦0.068 billion.

Oil and Gas Industry, Construction/Real Estate Industry and Consumer Goods Industry, followed respectively.

MARKET BREADTH:

Market breadth closed positive as with 24 gainers against 11 losers.

The Nigeria Stock Exchange’s Data as at close of trading for Wednesday 26, April 2017: