WEEKLY MARKET OVERVIEW
September 23, 2016.
|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|
|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|
5 TOP PRICE LOSERS
|Company||Open||Close||Loss (N)||% Change|
AUDITED ACCOUNTS FOR THE PERIOD ENDED:
|Revenue||Profit After Tax|
COMPANIES CORPORATE ACTIONS
|Closure of Register||24-10-16|
Federal Government Bonds
|Turnover (Units)||Turnover in ( =N=’000)||Total deals|
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.