Nigerian Stock Market Investors Lose N154.12bn In Five Days

The Nigerian Stock Exchange (NSE) closed bearish for the week ended Friday, 13th December 2019 as key market growth indices flawed. The heavy losses were as a result of major losses suffered by some large and medium scale capitalized companies during the course of the week’s tradings. Losses recorded by Chams, Cutix, Fidelity Bank, Niger Insurance amongst others aided the market’s bearish trend.

The NSE’s All-Share Index (ASI) dips by -319.31 basis points to close at 26,536.21 basis points. The NSEASI Year-to-Date currently stands at -15.57 basis points. On Week-to-Date terms, the NSEASI declined by -1.19 basis points.

The local bourse Market Capitalization shed N154.12 billion during the week’s tradings to close at N12.81 trillion. The Market Capitalization also depreciated by -1.19% for the week.

The NSE Main Board Index, NSE 30 Index, NSE CG Index, NSE Premium Index, and NSE Banking Index all recorded losses during the week’s tradings. Others include; NSE ASeM Index, NSE Consumer Goods Index, NSE-AFR Bank Value Index amongst others also depreciated for the week under review. While NSE Pension Index and NSE Insurance Index recorded marginal gains.

The stock market investors traded securities that were worth N14.63 billion for the week. A total number of 1.04 billion shares were traded in those deals. The total number of 17,279 deals exchanged hands between investors last week.

The Financial Services, the Healthcare Industry, the Congolemrate Industry led the value and volume activities chart for the week respectively. The financial services accounted for 53.33% of the total traded by volume and 38.81 of the deals that exchanged hands by value. The Financial Services sector accounted for N5.68bn of the traded deals by value whilst by volume it was responsible for 556.91 million shares that were traded.

The Healthcare Industry accounted for 215.03 million shares units traded on the local bourse market floor worth N122.60 million. The total number of 412 deals exchanged hands in the healthcare services sector.

The Conglomerates Industry traded deals worth N89.60 million for the week.

Presco PLC was the best performing stock for the week. The Agricultural firm appreciated by 14.93% to close at N5.65. Dangote Sugar gained N1.55 to close at N16.55. Axamansard Insurance Plc opened at N1.65 and close at N1.80. The Insurance firm was up by 9.09%. A.G Leventis Nigeria Plc gained 3 kobo to close at 39 Kobo.

Eterna Plc appreciated by 7.14% to close at N3. The energy company gained 20 Kobo for the week. Cornerstone Insurance Plc gained 3 Kobo for the week to close at 66 Kobo. Ekocorp Plc went up by 3.75% to close at N4.15 for the week ended.

NPF Microfinance Bank Plc opened at N1.11 and closed at N1.15. The lender appreciated by 3.60% for the week. UACN Plc gained 30 Kobo for the week. Fidelity Bank PLC completed the top ten gainers for the week. The financial institution appreciates by 2.97% to close at N2.08.

On the flip side, Chams Plc was the worst-performing stock for the week. The stock went down by 18.92% to close at 30 Kobo. Union Diagnostic & Clinical Services Plc declined by 15.38% of its total shares price for the week to close at 22 Kobo. Glaxo Smithkline Consumer Plc depreciated by 12.50% to close at 75 Kobo.

Cutix Plc opened at N1.54 to and close at N1.36. The firm shares value declined at 11.69.  Daar Communications Plc went down by 10% of its shares price to close at 36 Kobo. Berger Paints Plc shed 75 Kobo to close at N6.75. Arbico Plc went down by 9.95% to close at N3.89.

Chellarams Plc declined by 30 Kobo to close at N3.89. Neimeth International Pharmaceuticals Plc was down by 9.59% to close at 66 Kobo for the week. The health firm lost 7 Kobo of its unit shares price. Niger Insurance Plc completed the list of the top ten price losers for the week. The stock shed 9.09% of its shares price for the week. Niger Insurance opened at 22 Kobo and close at 20 Kobo.

The total number of eighteen stocks appreciated at the price for the week in contrast to nineteen price advancers that were recorded the previous week. For the week ended, forty-four stocks depreciated in price, nine higher than what was recorded for the preceding week. While one hundred and three stocks prices remained unchanged.  

Also during the week, Anino International Plc released its Q1 2019 ,Q2 2019, and Q3 2019 Unaudited Financial Results for the periods ended. Whist International Breweries PLC proposed N18.27bn Rights Issue .

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Author: FMN

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