Trading hall of the Nigeria Stock exchange, Lagos.

 

Equities market sustains positive trend, as investors gain N48bn

The positive momentum recorded in the nation’s equities trading on Monday continued yesterday as investors gained N47.9bn, thereby shoring the market’s capitalisation up to N13.2...

The positive momentum recorded in the nation’s equities trading on Monday continued yesterday as investors gained N47.9bn, thereby shoring the market’s capitalisation up to N13.2tn while year to date return improved to -5.4%.

The All-Share Index rose 27bps to close at 25,383.43 points following price appreciation in Dangote Cement (+1.4%), Guaranty Trust Bank (+2.2%) and MTNN (+0.4%).

Activity level rose as volume and value traded advanced 49.2% and 128.9% to 377.9m units and N6.1bn respectively.

The most active stocks by volume were Nigerian Breweries (50.5m units), GTB (40.4m units) and Zenith Bank (34.9m units), while Nigerian Breweries (N2.2bn), Dangote Cement  (N1.1bn) and Zenith (N1.0bn) led by value.

Performance across sectors under our coverage was mixed as 3 indices gained, 2 lost while the Oil & Gas index closed flat.

The Insurance (+1.3%) index gained the most due to buying interest in AIICO (+3.8%). Also, the Industrial index rose (+0.5%) Goods and AFR-ICT (+0.3%) indices trailed as a result of price appreciation in Dangote Cement (+1.4%) and MTNN (+0.4%) stocks.

Meanwhile, profit-taking in Access Bank (-1.4%) and Dangote Sugar (-0.7%) dragged the Banking and Consumer Goods indices by 0.1% apiece.

Investor sentiment as measured by market breadth weakened to 1.1x from the 2.7x recorded in the previous session as 19 stocks advanced against 18 decliners.

The top gainers were Neimeth (+9.8%), UPL (+9.6%) and Japaul Oil (+9.1%) while Prestige (-10.0%), Omatek (-9.7%) and Champion (-9.1%) led the losers.

On the corporate actions notification to the exchange saw FBN Holdings Plc announced the completion of the sale and transfer of FBNH’s 65.0% shareholding in FBN Insurance Limited to Sanlam Emerging Markets (SEM).

Skyway Aviation Handling Company (SAHCO) Plc proposed a dividend of N0.17 for the financial year ended, 31st December 2019.

Closure of register would be from 17th to 23rd June 2020, qualification date is on the June 16 while payment would be made on the June 30, 2020.

Fidson Healthcare Plc (Q1:2020 Unaudited Results) saw revenue grew 6.0% y/y to N3.7bn from N3.5bn in Q1:2019 while PAT increased 4.9% y/y to N223.5m from N213.1m in Q1:2019.

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    Trading hall of the Nigeria Stock exchange, Lagos.

     

    Equities market sustains positive trend, as investors gain N48bn

    The positive momentum recorded in the nation’s equities trading on Monday continued yesterday as investors gained N47.9bn, thereby shoring the market’s capitalisation up to N13.2...

    The positive momentum recorded in the nation’s equities trading on Monday continued yesterday as investors gained N47.9bn, thereby shoring the market’s capitalisation up to N13.2tn while year to date return improved to -5.4%.

    The All-Share Index rose 27bps to close at 25,383.43 points following price appreciation in Dangote Cement (+1.4%), Guaranty Trust Bank (+2.2%) and MTNN (+0.4%).

    Activity level rose as volume and value traded advanced 49.2% and 128.9% to 377.9m units and N6.1bn respectively.

    The most active stocks by volume were Nigerian Breweries (50.5m units), GTB (40.4m units) and Zenith Bank (34.9m units), while Nigerian Breweries (N2.2bn), Dangote Cement  (N1.1bn) and Zenith (N1.0bn) led by value.

    Performance across sectors under our coverage was mixed as 3 indices gained, 2 lost while the Oil & Gas index closed flat.

    The Insurance (+1.3%) index gained the most due to buying interest in AIICO (+3.8%). Also, the Industrial index rose (+0.5%) Goods and AFR-ICT (+0.3%) indices trailed as a result of price appreciation in Dangote Cement (+1.4%) and MTNN (+0.4%) stocks.

    Meanwhile, profit-taking in Access Bank (-1.4%) and Dangote Sugar (-0.7%) dragged the Banking and Consumer Goods indices by 0.1% apiece.

    Investor sentiment as measured by market breadth weakened to 1.1x from the 2.7x recorded in the previous session as 19 stocks advanced against 18 decliners.

    The top gainers were Neimeth (+9.8%), UPL (+9.6%) and Japaul Oil (+9.1%) while Prestige (-10.0%), Omatek (-9.7%) and Champion (-9.1%) led the losers.

    On the corporate actions notification to the exchange saw FBN Holdings Plc announced the completion of the sale and transfer of FBNH’s 65.0% shareholding in FBN Insurance Limited to Sanlam Emerging Markets (SEM).

    Skyway Aviation Handling Company (SAHCO) Plc proposed a dividend of N0.17 for the financial year ended, 31st December 2019.

    Closure of register would be from 17th to 23rd June 2020, qualification date is on the June 16 while payment would be made on the June 30, 2020.

    Fidson Healthcare Plc (Q1:2020 Unaudited Results) saw revenue grew 6.0% y/y to N3.7bn from N3.5bn in Q1:2019 while PAT increased 4.9% y/y to N223.5m from N213.1m in Q1:2019.

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