WEEKLY MARKET OVERVIEW : WEEK 39

WEEKLY MARKET OVERVIEW 

WEEK 39

            September 23, 2016.

 


EQUITIES              

  Turnover (In Billion Units) Turnover in (Billion =N=) Total deals
Week  39 4.331 B 16.803 B 16,797
Week  38 611.53 M 5.495 B 9,650

 

INDEX MOVEMENT

  Share Volume (Units) Worth in  (=N=) Deals
Financial Industry 4.177 B 9.788 B 9,805
Consumer goods 65.533 M 5.017 B 2,855
Conglomerates 31.751 M 125.1 M 594

 

The Financial Services Industry led the activity chart during the week (measured by share volume) contributing 96.45% and 58.25% to the total equity turnover volume and value respectively.

5 TOP PRICE GAINERS

Company Open Close Gain  (N) % Change
Conoil 31.84 42.50 10.66 33.48
Cutix 1.70 2.03 0.33 19.41
Total 250.00 295.00 45.00 18.00
Oando 5.10 5.88 0.78 15.29
Cadbury 13.80 15.75 1.95 14.13

5 TOP PRICE LOSERS

Company Open Close Loss  (N) % Change
Caverton 1.21 1.05 0.16 13.22
Neimeth 1.08 0.94 0.14 12.96
Beta Glass 38.66 34.90 3.76 9.73
GTB 27.05 25.09 1.96 7.25
Guinness 100.01 93 7.01 7.01

AUDITED ACCOUNTS FOR THE PERIOD ENDED:

  Revenue Profit After Tax
30TH June 2016 2015 2016 2015
  N’000 N’000 N’000 N’000
Guinness 101,973 118,496 – 2,016 7,795

 

 

COMPANIES CORPORATE ACTIONS

Companies Nigerian Enamelware
Proposed Dividend 45K/Share
Closure of Register 24-10-16
Payment Date 28-11-16
AGM Date 24-11-16
Bonus NIL

 

BONDS

Federal Government Bonds             

  Turnover (Units) Turnover in ( =N=’000) Total deals
Week  39 3394 3,263 5
Week  38 1700 1,591 6

 

The current economic meltdown (recession) in the Nigerian economy has necessitated the need for investment diversification and proper portfolio restructuring, hence the need for investing in Bonds.

 

BOND is a fixed income investment where interests are paid semi-annually to the investors. Government and Companies raise bonds to finance major capital projects. A bondholder is a lender to the bond issuer.

 

Bond vs. Stock

The key difference between stocks and bond is that stocks make no promise about dividends or returns, but when the Government issue a bond, it guarantees to pay back your principal plus interest.

The buyer of stocks or shares in a company has purchased part of the equity and becomes part-owner. He is only entitled to dividend declared by the company when it makes profit.

 

* Please note that all companies so mentioned herein are quoted on the floor of the Nigerian Stock Exchange and are all Public Limited Companies.

 

NOTE: This publication is from the research desk of Calyx Securities Limited, based on available information as at date. Users are expected to review and form their own opinion as CSL will not be held liable or responsible for reliance on this publication.


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