Nigerian Stock Exchange: Investors take position for possible gains

Nestle topped the losers’ chart

The recent rally in trading reveals that Investors are currently taking positions for possible gains from listed companies that will report improved full year end results, on the Nigerian Stock Exchange. With the NSE All Share Index (ASI) currently above the threshold of 40,000 points, finance experts say Nigerians may likely see the activities of speculative investors in play in the short term.

As at yesterday, the rally noted late 2013 was indeed sustained as total market capitalisation hit N13.28 trillion. The NSE All-share Index, a total market (broad-base) index, reflecting the entire picture of the behaviour of the common shares quoted on the Nigerian Stock Exchange was also sustained the above 40,000 threshold. Calculated on a daily basis and showing how the prices have moved, the NSE ASI stood at 41, 507.30 at the close of yesterday’s trading.

The short term risk to this rally, according to finance experts, is the commencement of the Quantitative Easing (QE) tapering (an unconventional monetary policy used by Central Banks to stimulate the economy when standard monetary policy has become ineffective) in the US this month, which may see asset prices declining as Foreign Portfolio Investments (FPI) out-flows are expected.

Nestle topped the losers’ chart after Monday’s trading on the Nigerian Stock Exchange with a N12.00 share price loss. The firm’s share price closed at N1, 170.00 down from N1, 182.00. The firm was followed by FO, which lost N2.64, closing at N90.00 down from N92.64 before transactions. OANDO lost N2.59 and closed at N24.07 down from N26.66. CAP also lost N1.75 and closed at N46.70, down from N48.45 while Zenith Bank’s share price closed at N24.21 down from N25.10, losing N0.89, after the day’s trading session.

Dangote Cement topped the gainers chart, gaining N4.00 at the close of the day’s transactions as its share price rose from N220.00 to N224.00. It was followed by Guinness, which gained N2.95 closing at N239.95, up from N237.00.

Nigerian Breweries was third on the top five gainers chart, recording a N1.99 share price gain, as it closed at N167.99, up from N166.00. Uniondicon came fourth, recording a share price gain of N1.23 and closed at N13.31 from N12.08. Union Bank of Nigeria also gained N0.48 and closed at N10.48 from N10.00 before trading.

The value of transactions after trading stood at 2.912 billion, recorded in 5, 365 deals. The volume of transactions stood at 326.05 million after the day’s transactions. The Exchange’s market capitalisation also stood at 13.28 trillion while the Exchange’s All Share Index (ASI) stood at 41, 507.30 after the day’s trading.

NEM led the most traded shares chart, trading a volume of 37.4 million shares valued at N33, 717 million. United Bank for Africa also made the chart, trading 36, 16 million shares valued at N340.13 million. Japaul Oil came third, trading 29.2 million shares valued at N19.296 million. ETI traded 28, 533 million shares valued at N493.85 million while Unity Bank traded 22.46 million shares valued at N11.23 million.

Top 5 gainers

COMPANY LAST CLOSE CURRENT CHANGE
DANGCEM 220.00 224.00 4.00
GUINNESS 237.00 239.95 2.95
NB 166.00 167.99 1.99
UNIONDICON 12.08 13.31 1.23
UBN 10.00 10.48 0.48

Top five losers

COMPANY LAST CLOSE CURRENT CHANGE
NESTLE 1182.00 1170.00 -12.00
FO 92.64 90.00 -2.64
OANDO 26.66 24.07 -2.59
CAP 48.45 46.70 -1.75
ZENITHBANK 25.10 24.21 -0.89

Market Statistics (Snapshot)

Market Statistics (Snapshot)  
ASI 41, 507.30
DEALS 5, 365
VOLUME 326.0  (million)
VALUE 2, 912 (billion)
CAP 13. 28 (trillion)


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