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    JAMB sets 150 as cut-off mark for 2025/2026 university admissions

    FX Restrictions: Nigerian banks resume international transactions on naira cards

    FX Restrictions: Nigerian banks resume international transactions on naira cards

    Billionaire businessman Aminu Alhassan Dantata dies at 94

    Billionaire businessman Aminu Alhassan Dantata dies at 94

    Israel and Iran agree on ceasefire – Trump

    Israel and Iran agree on ceasefire – Trump

    Breaking: Iran launches missiles at US bases in the Middle East

    Breaking: Iran launches missiles at US bases in the Middle East

    US military strikes Iran

    US military strikes Iran

    EFCC seeks transfer of Orji Uzor Kalu’s trial to Lagos

    Yahoo boys launder money for ‘politically exposed persons’ – EFCC boss

    Gombe receives N60 billion from FG to establish Agro-Livestock Industrial Zone

    Gombe receives N60 billion from FG to establish Agro-Livestock Industrial Zone

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    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

    Air Sierra Leone commences flight operations to Lagos

    Air Sierra Leone commences flight operations to Lagos

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    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

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    Champion Breweries Plc to issue additional shares

    Stanbic IBTC Holdings Plc announces N1.50 interim dividend for half-year 2023

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    Over 5 billion additional ordinary shares of Jaiz Bank Plc listed on NGX

    Jaiz Bank Plc reports N23 billion profit for 2024 FY.

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    Ellah Lakes Plc announces EGM to approve N250 billion capital raise, debt to equity conversion

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    List of Dividends announced in 2025, qualification and payment dates

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    FY 2020: FCMB Group Plc gross earnings, profit, assets see double-digit growth rates

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    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

    Again DMO offers N360 billion FGN bond for February

    DMO offers N300 billion FGN bond for auction in May

    NGX Daily Equities Market Report: Market gains for third consecutive days

    CSCS Plc explores listing on the Nigerian Exchange (NGX)

    NGX Daily Equities Market Report: Market gains for third consecutive days

    NGX delists Flour Mills shares, lists additional NB and Jaiz Bank shares

    Bitcoin soars above $21,000 as U.S. dollar sags

    BITCOIN hits $103,000 for the first time

    Bitcoin (BTC) rises above US$90,000 records a new all time high

    Bitcoin (BTC) rises above US$90,000 records a new all time high

    Bitcoin crosses US$60K, approaches All-Time High

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    Alhaji Dahiru Mangal sold his 1.96bn Oando Shares for N11.81bn

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    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

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    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

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Nigerian Stock Market Review and Stock pick for the week ahead 17th Aug. – 21st Aug. 2020

Sunday, 16 August 2020, 9:19 pm
in Markets, Stocks/Equities
0
The wait for LASACO’s 2019 Financial Result is over… PAT drops by 57% in 2019
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An improved activity level on the Nigerian Stock Exchange in the week ended 14th August, was complimented with a positive performance for the benchmark All-Share Index (ASI).

The Index appreciated by 0.63% to close at 25,199.84, adding N82.457 billion to the market capitalization.

A total turnover of 1.327 billion shares worth N13.934 billion in 19,392 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.065 billion shares valued at N10.798 billion that exchanged hands last week in 20,482 deals.

The Financial Services industry (measured by volume) led the activity chart with 886.545 million shares valued at N8.360 billion traded in 10,161 deals; thus contributing 66.79% and 60.00% to the total equity turnover volume and value respectively.

  • Read also; Understanding Speculation in financial market trading
  • The wait for LASACO’s 2019 Financial Result is over… PAT drops by 57% in 2019

The Conglomerates industry followed with 155.956 million shares worth N187.728 million in 828 deals.

The third place was the Consumer Goods industry, with a turnover of 141.099 million shares worth N2.229 billion in 3,403 deals.

Trading in the top three equities namely Guaranty Trust Bank Plc, Transnational Corporation of Nigeria Plc and Zenith Bank Plc. (measured by volume) accounted for 419.455 million shares worth N6.079 billion in 3,854 deals, contributing 31.60% and 43.63% to the total equity turnover volume and value respectively.

After persistent weakness in activity level in the market; a measure of volume and value of shares traded, we are beginning to see an uptick in the charts.

This can be attributed to gradual improvement in economic activities in the country after the Coronavirus induced lockdowns. It can also be attributed to the performance of listed companies in the first half of the year, as many of them performed better than expected following the business disruptions.

This uptick in volume and value of stocks traded can be seen in the graphs below;

At the end of trading on Friday, 14th August, the NSE ASI loss moderated to -6.12% YTD. Below is the YTD performance of the 5 indices under our watch;

  • NSE Insurance Index: -1.95%
  • NSE Oil and Gas Index: -27.97%
  • NSE Banking Index: -18.09%
  • NSE Consumer Goods Index: -30.09%
  • NSE Industrial Goods Index: +3.83%

Three of the Five indices closed the week in positive, while the other two closed in negative; Insurance Index +1.12%, Oil & Gas Index +5.92%, Banking Index -0.03%, Consumer Goods Index +2.25%, Industrial Goods Index -2.71%.

Twenty-nine (29) equities appreciated in price during the week, lower than Forty-one (41) equities in the previous week. Thirty-three (33) equities depreciated in price, higher than Eighteen (18) equities in the previous week, while one hundred and one (101) equities remained unchanged, lower than one hundred and four (104) equities recorded in the previous week.

Source: Nigerian Stock Exchange Weekly Market Report

Heading into the new week, we expect Investors to continue positioning on fundamentally strong stocks, most of which can still be purchased at bargain prices.

Stock Pick for the week ahead

TRIPPLEG is an ICT company that is listed on the second ties of the NSE, whose principle activities are the production of security documents, financial instruments and flexible packaging items to both private and public sectors of the Nigerian Economy. The Company has paid dividends to shareholders consistently for the past six years, thus making it attractive for investors interested in dividend stocks.

With a declaration of 5 kobo dividend by LASACO, it makes the composite insurer our top pick for the week.

Written by;

Nnamdi M.

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