DANGOTE CEMENT, ZENITH, LAFARGE AFRICA rally higher, with ASI up 1.09% WoW – Nairametrics

DANGOTE CEMENT, ZENITH, LAFARGE AFRICA rally higher, with ASI up 1.09% WoW – Nairametrics

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It used to be a short buying and selling week on the Nigerian Stock Alternate as it opened for factual three days. The shortness is due to the the observance of the public holidays (Thursday 30th and Friday 31st July 2020) declared by the Federal Authorities of Nigeria to mark the Eid-El-Kabir celebrations.

The NSE All-Half Index and Market Capitalization both liked by 1.09% to shut the week at 24,693.73 and N12.882 trillion respectively.

UBA ADS

A total turnover of 421.984 million shares valued at N5.337 billion in 11,801 affords were traded this week by investors on the ground of the Alternate, a distinction to an total of 1.350 billion shares valued at N14.433 billion that exchanged fingers final week in 16,723 affords.

The Financial Services substitute (measured by volume) led the dispute chart with 249.588 million shares valued at N1.563 billion traded in 5,899 affords; thus contributing 59.15% and 29.29% to the final fairness turnover volume and payment respectively. The Shopper Items Industry followed with 51.760 million shares worth N1.072 billion in 1,877 affords. In the third space used to be the Industrial Items substitute, with a turnover of 46.197 million shares worth N833.473 million in 1,489 affords.

Shopping and selling in the tip three equities particularly WAPCO Plc., FBN Holdings Plc. and Mutual Relieve Assurance Plc. (measured by volume) accounted for 110.114 million shares worth N685.942 million in 1,587 affords, contributing 26.09% and 12.85% to the final fairness turnover volume and payment respectively.

Somewhat a couple of indices executed elevated, excluding for NSE ASeM, NSE Shopper Items and NSE Oil/Gas Indices which depreciated by 0.06%, 0.44%, and 6.51% respectively

Twenty-four (24) equities liked in impress all the way thru the week, lower than twenty-eight (28) equities in the earlier week. Twenty-eight (28) equities depreciated in impress, elevated than twenty-five (25) equities in the earlier week, while a hundred and eleven (111) equities remained unchanged, elevated than a hundred and ten (110) equities recorded in the earlier week.

High gainers

  • UNITY BANK PLC up 17.31% to shut at N0.61
  • MUTUAL BENEFITS ASSURANCE PLC up 15.00% to shut at N0.23
  • CORNERSTONE INSURANCE PLC up 10.00% to shut at N0.55
  • PRESTIGE ASSURANCE PLC up 8.70% to shut at N0.50
  • LAFARGE AFRICA PLC. up 7.31% to shut at N11.75
  • NEIMETH INTERNATIONAL PHARMACEUTICALS PLC up 7.14% to shut at N1.50
  • OKOMU OIL PALM PLC. up 6.31% to shut at N74.95
  • DANGOTE CEMENT PLC up 5.66% to shut at N141.80
  • ZENITH BANK PLC up 5.16% to shut at N16.30
  • AIICO INSURANCE PLC. up 4.44% to shut at N0.94

High Losers

  • SMART PRODUCTS NIGERIA PLC down 31.03% to shut at N0.20
  • NPF MICROFINANCE BANK PLC down 16.90% to shut at N1.18
  • JULIUS BERGER NIG. PLC. down 12.02% to shut at 15.00
  • SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC down 10.71% to shut at N310.20
  • AXAMANSARD INSURANCE PLC down 10.00% to shut at N1.44
  • UACN PROPERTY DEVELOPMENT COMPANY PLC down 10.00% to shut at N0.81
  • TOTAL NIGERIA PLC. down 9.95% to shut at N87.80
  • CAP PLC down 9.76% to shut at N17.10
  • ARBICO PLC. down 9.74% to shut at N1.39
  • STUDIO PRESS (NIG) PLC.  down 9.55% to shut at N1.80

Outlook

The Nigerian bourse ended the week cumulatively on the high, as institutional investors elevated their buying pressures on some principal heavyweights esteem DANGCEM, and ZENITH. Additionally, Nigeria’s valuable export (Brent incorrect) asserting its solid enhance stages at $44 helped investors’ morale somewhat.

Alternatively, Nairametrics envisages cautious buying, upon heightened geopolitical concerns, the resurgence of COVID-19 pandemic, and rising security instability around a couple of of  Nigeria’s economic hubs in the north.

Gratified Holidays.

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