WEDNESDAY, SEPTEMBER 18, 2019•
The NSE 30 (Nigerian Stock Exchange 30) is the price index that tracks the Top 30 companies in the NSE in terms of market capitalization and liquidity.
The companies are reviewed based on their closing balances at the end of trading session on Wednesday, September 18, 2019.
The Market Capitalization appreciated by 1.00% to close at N13.475 trillion.
The benchmark index (All Share Index) appreciated by 1.00% to close at 27,681.61 basis points. The Year-To-Date (YTD) return stands at -11.93%.
The Top 5 Trades (by volume) were:
TOP 5 TRADES
1. GTBank ~ 98,418,648
2. Access Bank ~ 40,728,300
3. FBH Holdings ~ 40,078,523
4. FCMB Group ~ 20,051,871
5. Sterling Bank ~ 17,584,012
TOP 5 DECLINERS
1. Forte Oil: -35 kobo (-2.14%).
2. Champion: -11 kobo (-8.80%).
3. FBN Holdings: -5 kobo (-0.92%).
4. UBA: -5 kobo (-0.78%).
5. Custodian: -5 kobo (-0.83%).
TOP 5 ADVANCERS
1. Stanbic IBTC: +N2.45 (+6.53%).
2. Guaranty Trust Bank: +N1.30 (+4.56%).
3. MTN Nigeria: +N1.00 (+0.72%).
4. Ecobank Transnational: +80 kobo (+10.00%).
5. Lafarge Africa: +60 kobo (+4.08%).
*Summary of today’s Key Performance Indicators*
. All Share Index = 27,681.61 points.
. Number of Deals = 3,923
. Volume = 379,506,330
. Value = N5,346,437,842
. Market Capitalization = N13.475 trillion.
The market breadth (gainers/losers) of 1.77x for the day indicates that the number of buyers outpaced the number of sellers in the market today. At the end of trading today, 24 stocks advanced as against 13 stocks that declined.
The Bulls overpowered the Bears in the market today as NSE All Share Index appreciated by 1.00%. However, we advice our friends and allies to position themselves in stocks with good fundamentals and good dividend history, as we expect cheap stocks to move up to their intrinsic value in this second half of the year.
The performances of the NSE Top 30 Companies were as follows:
1. Dangote Flour Mills: +221.90% (N22.05).
2. Union Bank of Nigeria: +25.00% (N7.00).
3. Lafarge Africa: +22.89% (N15.30).
4. Sterling Bank: +18.95% (N2.26).
5. Access Bank: +13.24% (N7.70).
6. Fidelity Bank: -10.34% (N1.82).
7. Guaranty Trust Bank: -13.50% (N29.80).
8. Mobil (11 plc): -14.82% (N158.00).
9. Zenith Bank: -16.05% (N19.35).
10. Stanbic IBTC Holdings: -16.68% (N39.95).
11. United Bank for Africa: -17.53% (N6.35).
12. Dangote Cement: -18.29% (N155.00).
13. Nestle Nigeria: -19.19% (N1,200.10).
14. Transcorp: -20.45% (N1.05).
15. Unilever Nigeria: -21.62% (N29.00).
16, Oando: -24.00% (N3.80).
17. Nascon Allied Industries: -25.56% (N13.40).
18. Okomu Oil Palm: -27.89% (N54.95).
19. Seplat Pet. Dev: -28.12% (N460.00).
20. Presco: -30.00% (N44.80).
21. FBN Holdings: -32.08% (N5.40).
22. Dangote Sugar Refinery: -35.74% (N9.80).
23. Ecobank Transnational: -37.14% (N8.80).
24. Nigerian Breweries: -39.18% (N52.00).
25. Flour Mills Nigeria: -41.56% (N13.50).
26. Forte Oil: -44.25% (N16.00).
27. PZ Cussons Nigeria: -46.69% (N6.45).
28. Guinness Nigeria: -48.61% (N37.00).
29. Total Nigeria: -50.74% (N100.00).
30. International Breweries: -60.66% (N12.00).
•My name is Blakey Ijezie, B.Sc, FCA, FCTI, FIMC, CMC•
Founder & Managing Partner/CEO
Okwudili Ijezie & Co.
Chartered Accountants
….. since January 1994 ….
Blakey Gardens, Anthony Village
P. O. Box 1, Surulere, Lagos
Email: blakeyijezie@yahoo.com
WhatsApp: 08032030455
