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    Gov. Elections: PDP’s Sim Fubara declared Rivers State’s Governor-Elect

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    Gov. Elections: PDP’s Sim Fubara declared Rivers State’s Governor-Elect

    Gov. Elections: PDP’s Sim Fubara declared Rivers State’s Governor-Elect

    Businesses must accept eNaira as a form of payment – CBN

    List of companies licensed by CBN as mobile money operators

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    Chimaroke Nnamani quits PDP after losing to Labour Party

    INEC disowns online voter registration website

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    Gunmen invade Imo community, destroy properties

    Imo state House of Assembly election results announced by INEC

    NNPP wins Kano Gov. Election, curfew declared by government

    NNPP wins Kano Gov. Election, curfew declared by government

    List of #ENDSARS panel’s 32 recommendations and Lagos State Govt’s response

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    Chimaroke Nnamani loses Enugu East Senate Post to Labour Party

    Chimaroke Nnamani loses Enugu East Senate Post to Labour Party

    More than 70 feared dead as boat capsizes in Anambra

    Anambra state House of Assembly election results

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

    U.S unemployment fell to a five-decade low

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rise above N44 trillion – DMO

    FG approves 39 licences for fish importation

    Q3 2022: Nigeria’s total trade stood at N11.6 trn, total export falls nearly 20% QoQ

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    JUST IN: CBN limits weekly cash withdrawal to N100k

    Law to legalize crypto as a payment method passed in Brazil

    Law to legalize crypto as a payment method passed in Brazil

    Will Nigerians in diaspora be committing an offence if they make a campaign donation?

    Rivers and Oyo State to join others in establishing small claims courts

    Non-oil sector contributes 93.67% to Nigeria’s GDP in Q2 2022

    Nigeria’s GDP growth slows to 2.25% in Q3 2022, oil sector contribution declines further

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX-ASI lost by 0.09%, as STANBIC loses 8.52%

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX-ASI Lost By 1.04%, as banking sector drops 1%

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The Local Bourse declined by 0.42%, as FLOURMILL loses 5.92%

    Again DMO offers N360 billion FGN bond for February

    The DMO auctions 4 FGN Bonds worth N360bn in March

    Guaranty Trust Holding Company profit dips to N77.56 billion in H1 2022

    The NGX-ASI Declined by 0.12%, as GTCO loses 3.08%

    Why Bitcoin fell below $20,000 for the first time in nearly 2 months

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    Credit Suisse shares plunged on Monday after acquisition by rival UBS

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    Stanbic IBTC announced N2.00 final dividend for 2022 FY

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    Ecobank Transnational Incorporated announces delay in publication of 2022 result

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    President Biden approves major Oil and Gas drilling project in Alaska

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    MTN Nigeria proposes N23bn Commercial Paper

    MTN Nigeria completes allotment of incentive shares to Shareholders

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    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

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    How to move to Canada by starting a business – Part 2

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    Building a Successful Business Organization: Lessons from the Bible

    Building a Successful Business Organization: Lessons from the Bible

    2023 Bible Lessons on Setting your Financial/Investment Goals

    2023 Bible Lessons on Setting your Financial/Investment Goals

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

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Equity Market returned to Loss after a Forced Gain on Wednesday.

Friday, 19 June 2020, 9:26 am
in Markets, Stocks/Equities
0
NSE: Stock Pick for the Week 15th – 19th June 2020
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Nigeria Stock Exchange (NSE) All Share Index (ASI) returned to negative zone on Thursday after the forced gain on Wednesday.

Equity investors lost N20.56 billion with the ASI declining by 0.16% to close at 24,933.41 from 24,972.89 on Wednesday. The Market Capitalization dropped to N13.007 trillion from N13.027 Wednesday.

The activity level was low on Thursday compared to the previous trading day. 171,208,471 units of shares worth N2,210,693,302.89 exchanged in 3,315 deals.

The volume and value traded were significantly low as both decline by 35.63% and 18.39% respectively compared to 265,964,169 units of shares worth N2,708,736,566.85 were traded in 3,564 deals on Wednesday.

The shares of FCMB Group was the most traded by volume as 32,360,523 units of shares worth N55,664,928.64 were traded in 265 deals 41 deals while the of Guaranty Trust Bank Plc was the most traded by value with 29,396,809 unit of share valued at N707,906,610.05 exchanged hands in 272 deals.

Two of the Indices under our watch declined while two appreciated. Consumer Goods Index dipped by 1.83% to close at 433.78 largely due to the 9.52% decline in the share price of Nigeria Brew. Plc

Banking Index declined by 0.05% as the losses suffered by Jaiz Bank Plc, Unity Bank Plc, and Access Bank Plc share prices outweighed the gain in FBNH and Guaranty Trust Bank Plc share prices.

Oil and Gas Index rose slightly by 0.43% to close at 208.75 due to the 4.08% gain in the share price of OANDO Plc.

Insurance Index, rose by 1.21% to close at 131.72, largely due to the upward reversal of AIICO share price after 3 consecutive days of decline, while Industrial Goods Index remained unchanged at 1,188.01 for the second consecutive day

Read more; Stock stories – AIICO Insurance Plc

Only 9 equities advanced in prices while 10 declined in prices.

Top five gainers by percentage are C&I Leasing Plc (9.52%), AIICO Insurance Plc (8.99%), Mutual Benefit Assurance Plc, (4.76%) Oando Plc (4.08%) and May & Baker Nigeria Plc (1.35%).

Top five decliners by percentage are; Fidson Healthcare Plc (9.71%), Neimeth Int. Pharm. Plc (9.52%), Nigeria Brew. Plc (9.52%), Jaiz Bank Plc (8.96%) and NPF Microfinance Bank Plc (7.28%).

Neimeth Int. Pharm. Plc has been on steady decline after reaching a peak of N2.57 on 11 June 2020. The current share price is N1.71 per share.

  • Read also; CBN to Integrate Non-Interest Window in its Loans to MSMEs and Households
  • Regency Alliance Ins. Posts 62% rise in Claims to N712.7 million in Q1 2020

Analysts’ view at Investogist; the impact of Covid-19 on the listed companies is expected to be reflected on the half year result. It is our view that Investors will continue to trade with caution as the second quarter of the year gradually draws to an end. We expect the depressed mood in the market to continue in the short and medium term.

Written by

Ifunanya Ikueze

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