Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more... BERGER 9.96  GREENWETF 9.87  NESTLE 9.76  SOVRENINS 8.11  ROYALEX 7.14  TANTALIZER 6.38  REGALINS 5.88  NGXGROUP 5.67  LIVESTOCK 3.66  FIDELITYBK 3.49  MERGROWTH -10.00  INTENEGINS -9.70  DEAPCAP -8.33  UPDC -7.69  WAPIC -7.25  STERLINGNG -6.25  CUSTODIAN -5.88  TRANSCORP -3.88  FTNCOCOA -3.47  JAPAULGOLD -3.02 
Get IDIA - the stock trading app for the modern investor
MARKET PERFORMANCE REPORT
(Source: GlobalView Capital Limited, Date: 15-Apr-2024)
WEEKLY MARKET PERFORMANCE REPORT 
FOR THE WEEK ENDED APRIL 12TH, 2024
Market Review for the Week Ended April 12, 2024

The equity market on the floor of the Nigerian Stock Exchange recorded a decline for the week ending April 12, 2024, as the All-Share Index ASI was down by 1.09% w/w, down by 2.15% the month of April 2024 so far, but still up by and 36.83% for the year 2024 so far.
The market closed the trading week on a negative note after trading for just 2 days because of the Eid al-Fitr Holidays. The NGX-ASI declined by 1.09% w/w to close at 102,314.56 points, while market capitalisation close at ₦59.121Trillion.

The activity level for the week was low as a result of the holiday the volume traded decreased by 69.24% w/w to 1.132 billion units of shares from 3.680 billion. Also, the value of trade was up by 50.51% w/w to N28.650 billion from N57.892, and the number of deals was down by 46.17% w/w to 21,921 deals from 40,72 deals.

The financial services being the most active contributed 75.94% of the total volume of trade and 71.99% of the total transaction value. They were closely followed by the conglomerate and consumer goods sectors respectively.
The 3 most traded stocks in volumes are United Bank for Africa (UBA), Zenith Bank, and Abbey Mortgage Bank Plc. These 3 most traded contributed 39.49% and 37.50% of the total volume and value of transactions for the week respectively.

Sectorial Index Performance
Performances across the sectors index for the week are shown below;
Banking                                               -7.22%
Insurance                                             -2.45%
Consumer Goods                                -1.33%
Oil and Gas                                         -0.28%
Industrial Goods                                 -0.50%
Conglomerates                                    -5.48%

Market Breadth

The market breadth for the week closed negative. The market reported 19 stocks gained which was lower than the 31 recorded last week while 40 stocks declined in value which was also lower than the 42 recorded last week

Notable Gainers for the week

Morison Industries                                          20.75%
Oando                                                             10.57%
Transcorp                                                        10.33%
Deap Capital                                                   9.68%
                                                           
Notable Losers
Access Holding                                                  14.60%
United Capital                                                    13.92%
Guaranty Trust Holding Company                     13.75%
Flour Mills Nigeria                                              13.55%                       
Sunu Assurances Nigeria                                   13.24%

Stocks to Watch for the Week
Dangote Refinery                                @53.10
NASCON                                           @52.55
UBA                                                   @26.30
Tantalizers                                           @N0.35
Japaul Gold                                         @N2.05
Access Bank                                       @19.30
Zenith Bank                                        @40.00          
Transcorp                                            @14.95
NAHCO                                             @33.25                                              
Please note: The value of shares and investments can go down as well as up, leading to investors not getting back the amount invested. Past performance is not a guide to future performance. Always consult an expert before making an investment decision

Price Adjustment
United Capital Plc adjusted to 20.80 Naira for a dividend of 1.80 Naira on April 10, 2024
Access Holdings Plc adjusted to 20.70 Naira for a dividend of 1.80 Naira on April 11, 2024
Multiverse Mining and Exploration Plc adjusted to 15.30 Naira for a dividend of 5Kobo on April 12, 2024

Corporate Action
Guaranty Trust Holding Company (GTCO)        
Dividend: N2.70
Qualification Date; 26-04-2024
Closure Date; 29-04-2023
Payment Date; 09-05-2024

Zenith Bank Plc                                           
Dividend: N3.50
Qualification Date: 25-04-2024
Closure Date: 26-04-2024
Payment Date: 08-05-2024

United Bank for Africa Plc
Dividend: N2.30
Qualification Date: 24-04-2024
Closure Date: 25-04-2024
Payment Date: Not Available

 

 

Top News

MPC: CBN increases key rate by 150bps

CARDINALSTONE RESEARCH
21-May-2024 19:22:01.000

DAILY PRICE LIST - 21-05-2024

SECURITIES AFRICA NIGERIA RESEARCH
21-May-2024 19:19:52.000

MARKET PERFORMANCE REPORT & DAILY PRICE LIST

GLOBALVIEW CAPITAL LIMITED
21-May-2024 19:18:27.000

Treasury Bills Primary Market Auction

CARDINALSTONE RESEARCH
21-May-2024 19:07:40.000

Daily Market Report 21st May 2024

ARTHUR STEVENS ASSET MANAGEMENT
21-May-2024 19:02:35.000

CardinalStone Earnings Update - Ecobank Transnational Incorporated Q1'24 unaudited results - Q1'24 PAT grew by 19.9%

CARDINALSTONE RESEARCH
21-May-2024 18:55:51.000

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (21-May-2024 15:07:56.883)

INFOWARE TERMINAL
21-May-2024 15:07:56.000

InfoWARE Analyst Daily Market Report (21-May-2024 15:07:52.252)

INFOWARE TERMINAL
21-May-2024 15:07:52.000

Media Highlights 21-05-2024

CARDINALSTONE RESEARCH
21-May-2024 13:55:03.000

Daily Business News Brief

GLOBALVIEW CAPITAL LIMITED
21-May-2024 13:52:06.000

CSL Nigeria Daily - 21 May 2024

CSL RESEARCH
21-May-2024 13:41:29.000

Coronation Research Daily Insights

CORONATION RESEARCH
21-May-2024 13:28:55.000

Coronation Research - The exchange rate and your questions

CORONATION RESEARCH
21-May-2024 13:26:43.000

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (20-May-2024 15:09:34.579)

INFOWARE TERMINAL
20-May-2024 15:09:34.000

InfoWARE Analyst Daily Market Report (20-May-2024 15:09:29.348)

INFOWARE TERMINAL
20-May-2024 15:09:29.000

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (17-May-2024 15:08:23.102)

INFOWARE TERMINAL
17-May-2024 15:08:23.000

InfoWARE Analyst Daily Market Report (17-May-2024 15:08:18.267)

INFOWARE TERMINAL
17-May-2024 15:08:18.000

CSL Nigeria Daily - 17 May 2024

CSL RESEARCH
17-May-2024 14:42:48.000

Daily Business News Brief

GLOBALVIEW CAPITAL LIMITED
17-May-2024 14:35:59.000

Media Highlights 17-05-2024

CARDINALSTONE RESEARCH
17-May-2024 14:30:42.000
Get IDIA - the stock trading app for the modern investor
Company
Contacts
  • 8th Floor,
  • South Atlantic Petroleum Towers,
  • 1 Adeola Odeku Street,
  • Victoria Island,
  • Lagos, Nigeria.

  • Email: solutions@infowarelimited.com
Follow Us
 
facebook twitter skype youtube
Market data may be delayed up to 15 minutes