Enterprise Capital Market Brief (25/09/2017)

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The closing  bells on the floor of the bourse  recorded replased one. The market equity  capitalisation closes on Monday  with a negative of –0.37 per cent at  N12.119trillon to N12.324trillon.

The Nigerian Stock Exchange’ All Share Index (NSEASI) on Monday 25 September, 2017 closed at  0.37 per cent  negative at 35,358.73 to the  previous session’s 35,488.81. The total number of deal recorded of the day stood at 1.21per cent  increase at an exchange hands of  2,848 deals recorded against previous session’s 2,814 deals.

The total equities traded for the day was 44.25 percent less than the previous session at 107.148 million units  to  192.204 million units.

The total Value of equities traded for the day dip  by 62.84 per cent at  ₦3.679 billion to ₦1.367 billion on the  record of  the day.

The effect of this was as a result of  decline in the prices of blue chip stocks such as Nestle (NESTLE) which lost N5 equating to 0.41 per cent and Nigerian Breweries (NB) which lost N3.01 equating to 1.76 per cent among others factors. This led the bourse to lose 130.08 points and N115 billion in the day as the All Share Index (NSEASI) and Market Capitalization (MKT CAP) closed at 35,358.73 points and N 12.119 trillion.

Although the market recorded an impressive mode at 1.38 per cent gain last week, Nigeria equities market saw heightened volatility as market correction continued due to profit booking by traders and investors which made the bourse close the first trading session in the week declining by 0.37 per cent, Monday.

Top Gain (19):

FIDSON which led the 19 top gainers recorded 5.00 per cent to close at N3.15 followed by AIRSERVICE with 4.99 per cent to close at N7.16 and CUSTODYINS with 4.91 per cent to close at N3.36 recorded the most percentage growth in the day.

Top Decline (17):

On the flipside, JAIZBANK recorded the most percentage decline in the day. which recorded 4.29 per cent to close at N0.60 followed by SKYEBANK with 3.64 per cent to close at N0.53 and NEIMETH with 3.13 per cent to close at N0.62.

Ten Best Stocks:

FBNH, ZENITHBANK and GUARANTY recorded the most deals of the day.

MEYER, FCMB and NIGERINS recorded the most volume in the day.

NESTLE, GUARANTY and Nigeria Breweries recorded the most value in the day.

Other Indexes:

 

Below are the snapshot:

TOP GAIN

TOP DECLINE

 

TOP BEST STOCKS

 

             EXCHANGE RATE AT PARALLEL

NGN              USD                 GBP                  EURO               25/09      

                  BUY/SELL      BUY/SELL          BUY/SELL

                  363/366          487/492            433/44

                  YEN                 AED                     RAND

                  BUY/SELL       BUY/SELL           BUY/SELL

                  3.15/3.15             97/97                 26/26