UBA closes at 8.17 percent to lead Wednesday’s deals and volume

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On resumption of trading activities, UBA which recently reported its oversubscribed $500 million Eurobond, was investors’ delight as the stock grew in price by 8.17 percent to close at ₦9.00.

The stock of this Africa’s global bank was also the highest in deals at 467, and volume turnover, 87.122 million shares, with the first runner-up garland in value turnover of ₦953.939 million in the day.

After observing two days of public holiday to commemorate “Eid el Fitr” celebration on Monday and Tuesday, the Nigeria equities market resumed trading on Wednesday.

Having closed in the red in the last three consecutive sessions, the day’s trading saw the market rebound to close in the green on Wednesday.

The Nigeria Stock Exchange All Share Index (NSEASI) and Market Capitalization (MKT CAP) grew by 1.67 percent having gained 535.16 points and ₦185billion respectively in the day.

The main market index closed mixed as the total deals and aggregate volume turnover declined by 19.87 percent and 7.50 percent respectively while aggregate value, All Share Index and Market Capitalization advanced by 1.75 percent, 1.67 percent and 1.67 percent respectively.

Investors’ sentiments was optimum as some investors remained on the sideline, watching the tides in the market, so as to know when next to plunge-in.

The three NSE Premium stocks, DANGCEM, FBNH and ZENITHBANK grew by 2.25 percent, 0.34 percent and 1.23 percent respectively in the day.

The market measured by market breadth showed considerable rate of recuperation as the number of stocks that grew in prices, 27, out-numbered the stocks that declined in prices, 21.

Penny stocks dominated the day’s trading, but highly capitalised stocks like DANGCEM, NB, NESTLE and TOTAL grew, while 7UP, GUINNESS, SEPLAT and MOBIL declined in prices.

Of the 174 stocks on the floor of the Stock Exchange on Wednesday, 66.67% (116 stocks) were traded out of which 27 stocks grew in price and 21 stocks declined in price while 126 stocks had their prices unchanged.

The Nigeria Stock Exchange’ All Share Index (NSEASI) and Market Capitalization (MKT CAP) closed positive, keeping the Year-to-Date at 21.53%.

Market Snapshot:

The Nigerian Stock Exchange’ All Share Index (NSEASI) for Wednesday June 28, 2017 closed at 32,657.30 which is 1.67% higher than the previous session’s 32,122.14.

Market Capitalization closed at ₦11.293 trillion against previous session of ₦11.108 trillion, representing 1.67 % increase.

4,372 deals recorded in the day represent a decrease of 19.87% against previous session’s 5,456 deals.

The 386 million units of equities traded for the day was 7.50% less than the previous session’s 418 million units.

Value of equities traded for the day increased by 1.75% more than previous session’s ₦3.247 billion to ₦3.303 billion which was recorded for the day.

Gainers for the day (27):

UBA, NEM, DIAMONDBNK led other twenty-four percentage price gainers for the day.

Losers for the day (21):

OKOMUOIL, JBERGER and UNILEVER led other eighteen percentage price losers for the day.

Ten Best Stocks:

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

UBA, WEMABANK and TRANSCORP recorded the most volume in the day.

GUARANTY, UBA and ZENITHBANK, recorded the most value in the day.

OTHER INDEXES:

The Financial Services industry was the most active industry for the day with 300.213 million shares exchanged for ₦2.397 billion Wednesday.

Conglomerates industry was next with 38.491 million share traded for ₦0.074 billion.

Oil and Gas Industry, Consumer Goods industry and Construction/ Real Estate Industry followed respectively.

MARKET BREADTH:

Market breadth closed positive as with 27 gainers against 21 losers.

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