WEEKLY MARKET OVERVIEW
September 30, 2016.
|Turnover (In Billion Units)||Turnover in (Billion =N=)||Total deals|
|Week 40||1.287 B||9.303 B||15,258|
|Week 39||4.331 B||16.803 B||16,797|
|Share Volume (Units)||Worth in (=N=)||Deals|
|Financial Industry||970.503 M||4.540 B||8,298|
|Agriculture Ind.||109.788 M||155.716M||269|
|Consumer goods||82.938 M||2.774 B||2,884|
The Financial Services Industry led the activity chart during the week (measured by share volume) contributing 75.41% and 48.80% 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|
UNAUDITED ACCOUNTS FOR THE PERIOD ENDED:
|Revenue||Profit After Tax|
COMPANIES CORPORATE ACTIONS
|Companies||Skye Shelter Fund|
|Closure of Register||06-10-16|
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 Bond option.
BOND is a fixed earned income investment with less volatility. Government and Companies have diversify their sources of raising funds through the issuance of bond
A bondholder is a lender to the bond issuer.
Types of Bonds
The bond market, which is also sometimes known as the debt or credit market, allows investors to issue new debt in what is known as the primary market and buy and sell debt securities in the secondary market.
- Government bonds
- Municipal bonds (a.k.a., “munis”)
- Corporate bonds
- Zero-coupon bonds (a.k.a., accrual bonds):
* 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.