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The market closed on a slightly bullish note today with the ASI increasing by 0.16%.
In the same vein, the value and volume of stocks traded increased by 62.59% and 87.26% respectively.
The highest net bids were recorded by Wema Bank, UBA, BankPHB, Fidelity Bank, and Ashaka Cement.
While the highest net offers were recorded by Cornerstone Insurance, Standard Alliance Insurance, GTBank, 7-UP Bottling Company, and First Bank.
The Breweries and Building Materials indices recorded the highest appreciation today.
The appreciation in the Breweries sector was driven by the shares of Nigerian Breweries and Guinness Nigeria which increased by 3.4% and 0.07% respectively.
The Conglomerates and Food, Beverages and Tobacco indices recorded the highest depreciation today.
The depreciation in the Conglomerates sector was driven by UAC of Nigeria and Unilever Nigeria which lost 1.86% and 0.08% respectively. |
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Last Updated 03 September 2010
| The Market Today |
3-Sep-10 |
2-Sep-10 |
Change |
| NSE ASI |
24,241.84 |
24,203.18 |
0.16% |
| NSE Value traded (N' bn) |
3.290 |
2.023 |
62.59% |
| NSE Value traded ($' mn) |
22.036 |
13.553 |
62.59% |
| NSE Volume traded ('mn) |
404.726 |
216.125 |
87.26% |
| Banking sector value traded (N' bn) |
1.074 |
1.280 |
-16.10% |
| Banking sector value traded ($' mn) |
7.194 |
8.575 |
-16.10% |
| Banking sector volume traded ('mn) |
141.001 |
148.458 |
-5.02% |
| Number of gainers |
34 |
22 |
n/a |
| Number of losers |
31 |
37 |
n/a |
| Stanbic IBTC sector indexes |
3-Sep-10 |
2-Sep-10 |
Change (%) |
| Banking Index |
21.27 |
21.32 |
-0.23% |
| Breweries Index |
139.97 |
136.77 |
2.34% |
| Building Materials Index |
75.41 |
74.91 |
0.66% |
| Conglomerates Index |
91.30 |
91.69 |
-0.43% |
| Insurance Index |
15.26 |
15.25 |
0.02% |
| Petroleum Marketing Index |
50.38 |
50.13 |
0.49% |
| Pension Index |
49.10 |
49.03 |
0.16% |
| Food, beverages and tobacco Index |
68.30 |
68.50 |
-0.30% |
| Nifty Forty Index |
45.99 |
45.89 |
0.22% |
|
| Gainers |
Close (N) |
% |
Vol ('000) |
| ASHAKACEM |
21.00 |
5.00% |
4,960 |
| OKOMUOIL |
12.00 |
5.00% |
298 |
| INTERCONT |
1.80 |
5.00% |
8,525 |
| AP |
29.78 |
4.97% |
542 |
| COSTAIN |
6.55 |
4.89% |
338 |
| Losers |
Close (N) |
% |
Vol ('000) |
| NBC |
38.20 |
-5.00% |
350 |
| REDSTAREX |
3.01 |
-4.98% |
365 |
| AIICO |
1.01 |
-4.95% |
3,435 |
| WAPIC |
0.61 |
-4.92% |
194 |
| ALUMACO |
8.15 |
-4.91% |
210 |
|
| Country |
Index |
Value |
Previous |
Change (%) |
Ytd |
| Egypt |
Egypt Hermes Index |
602.53 |
602.53 |
0.00% |
5.07% |
| Ghana |
GSE All Share Index |
6,767.65 |
6,737.75 |
0.44% |
24.27% |
| Indonesia |
Jakarta Composite Index |
3,164.28 |
3,122.15 |
1.35% |
24.86% |
| Kenya |
Nairobi AS |
95.58 |
96.11 |
-0.55% |
33.42% |
| Mexico |
Mexico Bolsa Index |
32,417.33 |
32,339.23 |
0.24% |
-0.10% |
| Nigeria |
All Share Index |
24,241.84 |
24,203.18 |
0.16% |
16.40% |
| Pakistan |
Karachi All Share Index |
6,777.91 |
6,818.40 |
-0.59% |
1.69% |
| Phillipines |
PSEi Phillipine SE Index |
3,734.70 |
3,666.54 |
1.86% |
22.34% |
| South Korea |
Kospi Index |
1,780.02 |
1,775.73 |
0.24% |
5.78% |
| Turkey |
ISE National 100 |
61,033.88 |
60,597.86 |
0.72% |
16.00% |
| Vietnam |
Ho Chi Minh Stock Exchange |
458.75 |
458.75 |
0.00% |
-7.28% |
| W. Africa |
BRVM COMPOSITE |
145.30 |
145.65 |
-0.24% |
10.09% |
| W. Africa |
BRVM 10 |
168.21 |
169.27 |
-0.63% |
17.06% |
Sources: NSE, Stanbic IBTC Research, Bloomberg, GSE, Nairobi Stock Exchange
Please note that apart from the Stanbic IBTC Sector and Pension Indices as well as NSE ASI whose values are as at today 03 September 2010, all the other indices are as at the last trading day.
The Stanbic IBTC sector and pension indices are market capitalisation-based indices and were set to an initial value of 100 on 31st December 2007.
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| MARKET INFORMATION |
GUINNESS NIGERIA PLC CHANGE OF REGISTRARS
The company notified the Exchange of the change of its Registrars from Union Registrars Limited to Zenith Registrars Limited with effect from Monday, 2nd August, 2010.
Lagos Government Debt Issuance Programme 3rd coupon payment (August 9, 2010) N50 billion Lagos State Fixed rate bond (Series 1)
The transaction parties to Lagos State Debt Issuance Programme have notified the Exchange that payment would be made on August 9, 2010. Consequently, the register of bondholders will be closed at 5pm on Monday, July 19, 2010 in compliance with the provisions of the ISA, all transactions which are undertaken on July 19, 2010 will qualify for the 3rd coupon payment.
ECOBANK Transnational Incorporated (ETI) Signs Landmark US$175 Capital Facilities with the IFC.
The bank has notified the exchange that it has signed landmark agreements of us$175 million in senior convertible, senior non-convertible and subordinated loans with the IFC on June 29, 2010. these loans are to provide eighteen Ecobank subsidiaries with additional capital to strengthen their balance sheets and boost competitiveness. It will also allow ETI to continue to positively contribute to the African economy by increasing the levels of credit available to businesses and households and at the same time generate long-term value for its shareholders.
NSE Upgrade and PriceList
The Nigerian Stock Exchange (NSE) recently upgraded her ATS trading software. Consequently, in line with NSE's rule that a stock must trade 50,000 units before the share price can move on a particular trading day, the trading machine has been adjusted to only recognize prices of stocks that trade the minimum 50,000 units per tranche.
The impact of this is that some stocks may trade within the +/- 5% band but may not be reflected on the high or low price column of the pricelist, even if it is the highest or lowest traded price of the day, so long as the minimum trading volume requirement of 50,000 units is not executed on such trades.
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| MARKET WATCH |
Investors jittery about new banking policies
The week ahead
Nigerian equities closed lower this week triggered by market concerns regarding banks’ implementation of new CBN policies on margin lending. Also of concern to investors were: (1) the delayed implementation of the AMCON; and (2) political risk.
On a positive note, the market staged a rally in yesterday’s trading as investors found value in equities at current levels.
Get Full Story |
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