Stocks Remain Bearish as Nigeria Approach 2019 Election

Enterprise Network-Nigerian Stock Exchange Floor of the Nigerian Stock Exchange

Stocks Remain Bearish as Nigeria Approach 2019 Election

As the nation draws close to its 2019 General election, there are fears that the intensifying political uncertainties may trigger a setback in the equity market to halt the bullish run witnessed. The market  however recorded a decline at the end of the day’s trading at -0.53 per cent.

The market capitalisation of listed equities on the Exchange appreciated as it closed trading at N11,626 trillion while the All Share Index of the Exchange closed at 31,178.71 basis points.

Fourteen (14) stocks appreciated while the decliners chart recorded thirty (30). Noting CHIPLC, UBA, STERLNBANK, DIAMONDBNK and REDSTAREX as the most active and major contributor to the day’s trading.

The top five (5) advancers chart led by REDSTAREX at 10 per cent to close at N5.50 per share, UAC-PROP traded at 9.55 per cent to close at N1.72 per share, WAPIC gained at 7.69 per cent to close at 0.42 per cent, PZ at 7.52 per cent to close at N12.15 per share and ABCTRANS gained at 6.90 per cent to close at 0.31 kobo per share.

While the top five (5) decliners chart topped by ACADEMY at -10 per cent to close at 0.45 kobo per share, NEIMETH seconded declining at -10 per cent to close at 0.63 kobo per share, LINKASSURE at -9.68 per cent to close at 0.56 kobo per share, IKEJAHOTEL at -9.52 per cent to close at N1.52 per share and VERITASKAP at -8.33 per cent to close at 0.22 kobo per share.

SNAPSHOT

ASI 31,178.71
DEALS 3,773.00
VOLUME 359,511,081.00
VALUE N1,912,515,533.81
EQUITY CAP N11,626,698,447,922.00
BOND CAP N10,251,311,439,547.90
ETF CAP N6,086,083,896.33

TOP 5 ADVANCERS

S/N SYMBOL 28/1/2019 29/1/2019 GAIN(N) %
CLOSING PRICE (N) CLOSING PRICE (N) CHANGE
1 REDSTAREX 5 5.5 0.5 10
2 UAC-PROP 1.57 1.72 0.15 9.55
3 WAPIC 0.39 0.42 0.03 7.69
4 PZ 11.3 12.15 0.85 7.52
5 ABCTRANS 0.29 0.31 0.02 6.9

TOP 5 DECLINERS

S/N SYMBOL 28/1/2019 29/1/2019 LOSS (N) %
CLOSING PRICE (N) CLOSING PRICE (N) CHANGE
1 ACADEMY 1 0.45 -0.05 -10
2 NEIMETH 0.7 0.63 -0.07 -10
3 LINKASSURE 0.62 0.56 -0.06 -9.68
4 IKEJAHOTEL 1.68 1.52 -0.16 -9.52
5 VERITASKAP 0.24 0.22 -0.02 -8.33

TOP 5 TRADES

S/N SYMBOL VOLUME VALUE
1 CHIPLC 100,410,570 N31,115,662.22
2 UBA 48,843,296 N354,749,563.10
3 STERLNBANK 30,150,183 N66,155,733.04
4 DIAMONDBNK 24,025,326 N55,591,976.04
5 REDSTAREX 20,732,000 N109,016,843.60

 

EXCHANGE RATE ON PARALLEL MARKET
NGN USD GBP EUR YEN AED RAND
Buy/Sell Buy/Sell Buy/Sell Buy/Sell Buy/Sell Buy/Sell
29/1/2019 360 / 363 465 / 470 406 / 411 46 / 54 105 / 115 22 / 30
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