Market witnessed all year low as Investors traded cautiously

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CEM REPORT: STOCK MARKET
Trading in the Nigeria’s stock market remained low in most days of the week making it the lowest weekly trading in value and volume in 2020. Though the market ended on a positive territory on Thursday resulting from blue chip aided activities of bulls, the week trading was generally characterized by watchful dealings by both retail and institutional clients.

According to the weekly summary by the Market Authority, a  total turnover of  926.418  million shares worth N9.768  billion in  20,910  deals were traded this week by investors on the floor of the Exchange,  in contrast to a total of 1.662 billion  shares valued at N18.205 billion that exchanged hands last week in 28,791 deals.

The Financial Services industry (measured by volume) led the activity chart with 676.072 million shares valued at N5.053 billion traded in 10,753  deals; thus contributing  72.98% and 51.73% to the total equity turnover volume and value  respectively.

The Conglomerates industry followed with 71.117 million shares worth N399.502 million in 445 deals. The third place was the Consumer Goods  industry,  with  a  turnover  of  48.835  million  shares  worth  N1.569  billion  in  3,497  deals.

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Trading in the Top Three Equities namely, FBN Holdings Plc, Guaranty Trust Bank  and  Zenith Bank Plc.  (measured by volume) accounted for  335.075  million  shares worth N4.061  billion in 4,885  deals,  contributing  36.17%  and  41.58%  to  the  total  equity  turnover  volume  and  value respectively.

A total of 146,484 units valued at N7.397 million of Exchange Traded Products were traded this week in 13 deals, compared with a total of 17,476  valued at N1.502 million transacted last week in 10 deals.

The NSE All-Share Index and Market Capitalization both depreciated by 0.72% to close the week at 23,871.33 and N12.441 trillion respectively.

All  other  indices finished  lower  with the exception of  NSE Main Board, NSE CG,  NSE Pension, NSE ASeM,  NSE AFR Bank Value, NSE Meri Growth, NSE Consumer Goods and  NSE Oil/Gas which  appreciated  by  1.29%,  1.52%,  0.74%,  0.36%,  1.65%,  4.76%,  2.25%  and  1.56% respectively. (See summary of Index movements in the table below).

Summary of price changes shows that thirty-two (32) equities appreciated in price during the  week, lower  than  thirty-nine  (39) equities in the previous week. Twenty-eight (28) equities depreciated in price, higher than twenty-two (22) equities in the previous week, while One hundred and three (103) equities remained unchanged, higher than one hundred and two (102) equities recorded in the preceding week.

On the top 10 gainers chart we have

NPF MICROFINANCE BANK PLC                    0.60 (50.85%)
UNILEVER NIGERIA PLC.                              2.20 (20.95%)
MAY & BAKER NIGERIA PLC.                        0.54 (20.93%)
MCNICHOLS PLC                                        0.08 (19.05%)
ETERNA PLC.                                              0.40 (18.52%)
FIDSON HEALTHCARE PLC                           0.37 (14.92%)
GSK CONSUMER NIG. PLC.                          0.75 (13.39%)
STANBIC IBTC HOLDINGS PLC                     3.65 (12.81%)
NEIMETH INTERNATIONAL PHARM PLC         0.08 (12.50%)
11 PLC                                                       16.00 (9.94%)

On the top 10 losers chart we have

UACN PROPERTY DEVT COMPANY PLC          -0.12 (-13.04%)
CAP PLC                                                      -2.25 (-9.83%)
ARBICO PLC.                                                -0.25 (-9.73%)
CUSTODIAN INVESTMENT PLC                      -0.60 (-9.52%)
AFROMEDIA PLC                                         – 0.03 -8.82%)
UNION BANK NIG.PLC.                                 -0.60 (-8.57%)
HONEYWELL FLOUR MILL PLC                       -0.09 (-8.41%)
NEM INSURANCE PLC                                   -0.16 (-7.41%)
LINKAGE ASSURANCE PLC                            -0.03 (-6.82%)
CHAMPION BREW. PLC.                                -0.05 (-6.17%)

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