The equity market today

NSE… In the absence of active buying activity, the Nigerian Equity market tanked further at today’s session. Heavy throbbing in large caps: FBNH(-3.73%), Guinness(-1.73%), GTB(-1.73%) and Nig.Brew.(-0.83%) pushed the benchmark index further southward. Most sectoral indices on the exchange reeled under pressure with the Insurance counters leading the pack. NSEIND and NSEOILG were the only sub-indices that closed in the green, on the backdrop of Wapco(+4.13%) and ForteOil(+1.90%) NSEASI lost 0.25% to close at 30,436.18bps. In the broad market, decliners thumped advancers 32 to 14 leaving 68 issues unchanged. Market activity level depreciated today; trades valued at N4.21bn represents 4.05% decrease from the last session. Top worst performers were Pharmadeko(N2.14), Livestock(N1.76), and Portpaint(N3.96) while Transexpr(N1.10), 7-Up(N190.00), and CCNN(N9.14) led the gainers’ list. Buying opportunities abound in highly capitalized stocks; buy into penny stocks with strong fundamentals and you may consider stocks trading below its 52yr lows NASD… The Equities market recorded a negative trend as all the stocks traded southwards thereby losing N2bn in market capitalization to close at N541bn as against N543.82bn recorded yesterday. 17deals was executed today, amongst which 14deals recorded negative price changes and 3 remaining unchanged to offer an activity level of 19,885,431units in total volumes of stocks and N78,310,932.48 in value traded.   NDEP Plc led the losers pack to record a price difference of -N4.01 to close at N149.99, Friesland Campina WAMCO Plc followed by losing -N1.10k to close at N298.90k, Partnership Plc  lost -0.15k, while Trustbond  Plc and CSCS Plc  both lost -0.07k and -0.01k. For the unchanged prices; Cappa & Dalberto Plc, Food Concepts Plc, and IGI Plc closed at N79.00, 0.85k, and 0.50k respectively. As for volumes; CSCS Plc traded 13,051,931units, Partnership Investment Plc traded 6,821,000units to record the highest volumes traded for the day. Clearly we still maintain a neutral stand even as we expect more long term bargain hunting trades from investors. For more information on the market report click here.

Equities Market Summary

Detailed below is the equities market summary:

INDEX:                                   31,091.69pts    

NET CHANGE %:               -0.40%

NET CHANGE VALUE:     -125.03

VALUE:                                  N1.788bn ($9.080mn)

Comment:

·         NSE 30  -0.47%; NSE50 -0.45%; NSE BNK -0.38%;  NSE CNSM - 1.02%

·         NSE IND -0.04%; NSE INS  0.24%; NSE LOTUS -0.22%;  NSE OILGS -1.03%

·         Key Drivers of NSE BNK: FCMB; FBNH; FIDELITYBK; ZENITHBANK & ETI

·         Key Drivers of NSE CNSM: NASCON; PZ;FLOURMILL; DANGFLOUR & NB

·         Key Drivers  of NSE IND:   CAP

·         Key Drivers of NSE INS: MANSARD & NEM

·         Key Drivers  of OILGAS: FO & OANDO

·         19 stocks advanced 30 declined and 58 remained unchanged.

·         The highest value of trades were in GUARANTY; NB; ZENITHBANK; DANGCEM & ETI

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NASD REPORT

NASD OTC Market Cap changes direction Up North.....

The Equities market traded bullish today as most of the stocks gave in to buy-pressure from investors. Consequently, the Market Cap gained N14bn to close at N536bn in 9 deals.

While today's activity levels logged a significant fall in the total volume of stocks and value traded; the figures recorded were 9,800 units and N1,150,434.00 respectively.

Out of the 9 deals consummated, ARM Properties led the losers table loosing (-3.87%) 0.12k to close at N2.98 while Resourcery Plc. lost (-1.89%) N0.01k to close at N0.52k.

Friesland Campina WAMCO which traded in a single deal also led the gainers table gaining (+4.91%) N14.00 to close at N285.00.

CSCS Plc, Food Concept Plc, Cappa and D'Alberto maintained their previous trading price of N6.00, 0.85k and N80.00 respectively.

Clearly, momentum remains even as we reiterate that much of this impact will likely be transient, as long term fundamentals for Nigerian equities remain strong -- a scenario we believe favors long term equity play.  

For enquiries, please contact:

E – cslservice@fcmb.com; cslrmt@fcmb.com

T - 01-2641295 

M- 08055250071

Market Report

Market Review- NSE

Witnessing further downtrend, the benchmark index lost 0.32% to return 31,628.85bps. Sub-sectors monitored by the exchange showed mixed performance; NSEIND and NSEINS added gains on the back of heavyweight Dangcem(+1.01%) and Mansard (1.82%) while NSEBNK, NSEOILGS and NSECNSM closed in negative territory on the backdrop of UBN(-4.94%), Nascon(-1.97%) and Oando(-4.90%)

Market capitalization closed at N10.801Tril as ASI year-to-date stands at -8.74%. Among the broader indices volume depreciated by 44% while value appreciated by 39% relative to previous figures as 264million units of shares valued at N5.466bn exchanged hands. Top in the gainers territory are UNITYBNK (N2.46), LIVESTOCK (N2.11) and CAVERTON (N3.55) while TRANSEXPR (N1.28) AGLEVENT (N1.33) FLOURMILL (N30.69) led the losers’ territory.

UBA Capital Plc. has released its H2 2015 financial report for the period ended 30th June 2015. Revenue (N2.750Bn) and PAT (1.408bn) appreciated by 22% and 13% respectively from prior period

Market prices remain very attractive for investors with long term outlook.

Market Review- NASD

NASD - OTC Market reacts negatively today.....

Recent negative sentiments seen in equities market generally rubbed off on the NASD OTC as its market capitalization lost N27bn to close at approximately N544bn with feeble gains only seen in speculative counters.

However; from today's activity levels, there were a total of 4 deals which indicated significant drop to the number of deals achieved on the previous trading day.

The total volume of stocks and value traded was 163,750 units and N157,750 respectively. On the 4 deals consummated, 3 was on CSCS Plc while the remaining one was on IGI Plc. CSCS Plc which opened at N6.00  lost 0.50kobo to close at N5.50k serving as the only loser in the losers table while IGI maintained its previous trade price of 16k.

From all market indications, we anticipate a wait and see scenario from many investors, with meaningful clarity likely to hinge on a firm direction as per FX and the macro landscape. For long term play however, we believe the market is near ripe for bargain hunting, with the Q2 earnings season.

For more information on the market report, and price list, send an email to cslservice@fcmb.com

NASD market report

The NASD- OTC market had a bullish run today even though weak sentiments trailing the most active stock intensified.

The market capitalization gained N11bn to settle at N559bn. A total of 8 deals was done with Friesland Campina WAMCO having 5 of the total deals consummated for the day. Transactions on Friesland Campina WAMCO went as low as N285 relative to the previous opening at N305 to N450 as the high for the day.

There were two negotiated cross deals of the 8 deals done by CSL stockbrokers at N420 and N450 respectively.

CSCS Plc was traded in one(1) deal today but it maintained its price at N5.50, while other deals were on Trustbond Mortgage Bank and Resourcery Plc.