FBN Holdings Plc, Zenith Bank Plc and Guaranty Trust Bank led equity trading

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CEM Report, Lagos
It was a brief trading week as the Federal Government of Nigeria declared Monday 25th and Tuesday 26th May 2020 as Public Holidays to mark the end of holy month of Ramadan and commemorate the Eid al-Fitr celebrations.

Meanwhile, a total turnover of 1.255billion shares worth N13.501billion in 20,554deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.718billionshares valued at N18.849billion that exchanged hands last week in 26,367deals.

The Financial Services industry (measured by volume) led the activity chart with 953.356million shares valued at N8.236billion traded in 10,931deals; thus contributing75.94% and 61.00% to the total equity turnover volume and value respectively.

The Industrial Goods industry followed with 64.245million shares worth N1.785billion in 2,000deals. The third place was the Consumer Goods industry, with a turnover of 62.487million shares worth N1.434billion in 3,427deals.

[ALSO READ] CBN reduces interest rate to 12.5%, forecasts slower growth in Q2 2020

Trading in the Top Three Equities namely FBN Holdings Plc, Zenith Bank Plc and Guaranty Trust Bank Plc.(measured by volume) accounted for 494.748million shares worth N6.618billion in 5,566deals, contributing 39.41% and 49.02% to the total equity turnover volume and value respectively.

ETPs

A total of 150,008units valued at N359.831millionwere traded this week in 14deals, compared with a total of 7,251valued at N42.007milliontransacted last weekin15deals.

BONDS

A total of 5,225units valued at N5.875millionwere traded this week in 3dealscomparedwith a total of 12,809valued at N13.170 million transacted last week in 18deals.

INDEX MOVEMENT

The NSE All-Share Index and Market Capitalization both appreciated by 0.25%to close the week at 25,267.82and N13.168trillion respectively. All other indices finished higher with the exception of NSE Meri Value and NSE Oil/Gas Indices which depreciated by 2.99% and 0.34% respectively while NSE ASeM closed flat.

SUMMARY OF PRICE CHANGES

Thirty-four (34) equities appreciated in price during the week, lower than fifty-five(55)equities in the previous week. Twenty-one(21) equities depreciated in price, higher than eight(8)equities in the previous week, while one hundred (108) equities remained unchanged, higher than one hundred (100) equities recorded in the preceding week.

Leading the top ten gainers table are Stanbic IBTC Holdings Plc (N3.25) followed by Guinness Nig Plc (2.25) and Glaxo Smithkline Consumer Nig. Plc. (0.95).

Others are Cadbury Nigeria Plc. (0.80), Skyway Aviation Handling Company Plc (0.36), May & Baker Nigeria Plc. (0.33), Axamansard Insurance Plc (0.32), Neimeth International Pharmaceuticals Plc (0.27), Cutix Plc. (0.24) and Jaiz Bank Plc (0.07).

Leading the top ten losers are Dangote Cement Plc (-11.00), Ardova Plc (-1.60), Ecobank Transnational Incorporated (-0.50).

Others losers include Vitafoam Nig Plc. (-0.45), Africa Prudential Plc (-0.25), Transnational Corporation Of Nigeria Plc (-0.06), Regency Assurance Plc (-0.03), Afromedia Plc (-0.02) and Wapic Insurance Plc (-0.01)

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