WEEKLY MARKET OVERVIEW: WEEK 40

WEEKLY MARKET OVERVIEW 

WEEK 40

            September 30, 2016.

 


EQUITIES              

  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

 

INDEX MOVEMENT

  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
Law Union 0.55 0.73 0.18 32.73
UACN 3.40 3.95 0.55 16.18
Learn Africa 0.58 0.66 0.08 13.79
Flour Mills 20.04 21.92 1.88 9.38
Continental Re 0.96 1.05 0.09 9.38

5 TOP PRICE LOSERS

Company Open Close Loss  (N) % Change
Caverton 1.05 0.76 0.29 27.62
Ashaka 19.95 16.27 3.68 18.45
Conoil 42.50 36.10 6.40 15.06
Beta Glass 34.90 30.05 4.85 13.90
Presco 45.00 40.00 5.00 11.11

 

UNAUDITED ACCOUNTS FOR THE PERIOD ENDED:

  Revenue Profit After Tax
30TH June 2016 2015 2016 2015
  N’000 N’000 N’000 N’000
Vitafoam 10,992 13,842 -159 335

 

COMPANIES CORPORATE ACTIONS

Companies Skye Shelter Fund
Proposed Dividend 715K/Share
Closure of Register 06-10-16
Payment Date 20-11-16
AGM Date N/A
Bonus NIL

 

BONDS

Federal Government Bonds             

  Turnover (Units) Turnover in ( =N=’000) Total deals
Week  40 2,023 1.925 4
Week  39 3394 3,263 5

 

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.

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