Pressure from sell-off, which persisted at the end of last week’s transactions on the trading floor of the Nigerian Stock Exchange (NSE), sustained hold on the All-Share Index (ASI) and market capitalisation, as both depreciated by 0.63% and 0.58% to close the week at 30,672.79 points and N11.204 trillion respectively.



Analysts, however, said the current volatily is likely to be sustained, as bargain hunting and portfolio repositioning for year-end are expected to shape performance of the market ahead of Santa Claus rally.

According to them, the expectation is hinged on the fact that a number of companies hitting new 52-week low are on the increase, reflecting the undervalued state of the market.


Similarly, all other indices finished lower with the exception of the NSE ASeM, NSE Banking, NSE Insurance and NSE Industrial Goods that rose by 0.71 per cent, 0.18 per cent, 0.20 per cent and 0.81 per cent respectively.

Furthermore, NSE Corporate Governance Index dropped by 17.62 points to 1225.84 points; NSE ASeM Index dipps by 3.06 points to 2,147.20 points; The NSE Main Board index lost 14.56 points to 793.81 points; NSE 30 index declined by 13.56 basis points to 1383.81 points; and NSE Consumer Goods index down by 20.25 points to 719.05 points.

Also, NSE Oil and Gas index fell by 2.37 basis points to 279.12 points; NSE Lotus II fell by 43.16 points to 2164.26 points, while NSE Pension Index dropped by 2.91 basis points to 1160.22 points.

The Chief Research Officer of Investdata Consulting, Ambrose Omordion said: “The ongoing volatility will persist as Q3 numbers assist investors and fund managers to rebalance their portfolios, while watching the political space and ahead of full year company earnings and post-election market dynamics.

For Codros Capital Limited, the outlook for equities in the near-to-medium term is negative, and “we guide investors to trade cautiously, amidst absence of a near term positive catalyst and political jitters ahead of the upcoming 2019 elections.”

A turnover of 1.169 billion shares worth N14.762 billion was recorded in 14,554 deals by investors in contrast to a total of 1.107 billion shares valued at N11.192 billion that was exchanged in 14,430 deals during the preceding week.


The financial services industry (measured by volume) led the activity chart with 983.374 million shares valued at N9.358 billion traded in 8,484 deals; thus contributing 84.15 per cent to the total equity turnover volume.

The healthcare industry followed with 44.802 million shares worth N183.753 million in 253 deals, while the consumer goods industry trailed with a turnover of 42.758 million shares worth N3.553 billion in 2,227 deals.

Trading in the top three equities- Zenith Bank Plc, FBN Holdings Plc, and United Bank for Africa Plc (measured by volume), accounted for 438.938 million shares worth N 5.691 billion in 2,962 deals, contributing 37.56 per cent to the total equity turnover volume.

Also, 34 equities appreciated in price during the week, higher than 30 in the previous week, while 37 equities depreciated in price, lower than 38 of the previous week and 98 equities remained unchanged, lower than 101 equities recorded in the preceding week.

Also traded during the week were 316 units of Exchange Traded Products (ETPs) valued at N849,000, executed in five deals, compared with a total of 84,714 units valued at N1.219 million that was transacted last week in 10 deals.

A total of 10,934 units of Federal Government Bonds valued at N10.746 million was traded last week in 31 deals compared with a total of 2,908 units valued at N2.516 million, transacted last week in 11 deals.

More at https://www.akelicious.net/2018/12/no-respite-for-stock-market-as-index.html

Buhary..............Buhari buru BO LY NY NU BI................

not a good way to end the year for the economy

Let's get the country working again please

i pray Nigerians vote wisely.... If not we would all bear the consequences of our collective actions... The signs are there for everyone to see

zeekeyboy:
Buhary..............Buhari buru BO LY NY NU BI................

Did you call buhari when it was rising to heaven last year to early this year?

Happy birthday to President Muhammadu Buhari

Age graciously... 2019 is victorious

Obi was right.

edunwablog:

Pressure from sell-off, which persisted at the end of last week’s transactions on the trading floor of the Nigerian Stock Exchange (NSE), sustained hold on the All-Share Index (ASI) and market capitalisation, as both depreciated by 0.63% and 0.58% to close the week at 30,672.79 points and N11.204 trillion respectively.



Analysts, however, said the current volatily is likely to be sustained, as bargain hunting and portfolio repositioning for year-end are expected to shape performance of the market ahead of Santa Claus rally.

According to them, the expectation is hinged on the fact that a number of companies hitting new 52-week low are on the increase, reflecting the undervalued state of the market.


Similarly, all other indices finished lower with the exception of the NSE ASeM, NSE Banking, NSE Insurance and NSE Industrial Goods that rose by 0.71 per cent, 0.18 per cent, 0.20 per cent and 0.81 per cent respectively.

Furthermore, NSE Corporate Governance Index dropped by 17.62 points to 1225.84 points; NSE ASeM Index dipps by 3.06 points to 2,147.20 points; The NSE Main Board index lost 14.56 points to 793.81 points; NSE 30 index declined by 13.56 basis points to 1383.81 points; and NSE Consumer Goods index down by 20.25 points to 719.05 points.

Also, NSE Oil and Gas index fell by 2.37 basis points to 279.12 points; NSE Lotus II fell by 43.16 points to 2164.26 points, while NSE Pension Index dropped by 2.91 basis points to 1160.22 points.

The Chief Research Officer of Investdata Consulting, Ambrose Omordion said: “The ongoing volatility will persist as Q3 numbers assist investors and fund managers to rebalance their portfolios, while watching the political space and ahead of full year company earnings and post-election market dynamics.

For Codros Capital Limited, the outlook for equities in the near-to-medium term is negative, and “we guide investors to trade cautiously, amidst absence of a near term positive catalyst and political jitters ahead of the upcoming 2019 elections.”

A turnover of 1.169 billion shares worth N14.762 billion was recorded in 14,554 deals by investors in contrast to a total of 1.107 billion shares valued at N11.192 billion that was exchanged in 14,430 deals during the preceding week.


The financial services industry (measured by volume) led the activity chart with 983.374 million shares valued at N9.358 billion traded in 8,484 deals; thus contributing 84.15 per cent to the total equity turnover volume.

The healthcare industry followed with 44.802 million shares worth N183.753 million in 253 deals, while the consumer goods industry trailed with a turnover of 42.758 million shares worth N3.553 billion in 2,227 deals.

Trading in the top three equities- Zenith Bank Plc, FBN Holdings Plc, and United Bank for Africa Plc (measured by volume), accounted for 438.938 million shares worth N 5.691 billion in 2,962 deals, contributing 37.56 per cent to the total equity turnover volume.

Also, 34 equities appreciated in price during the week, higher than 30 in the previous week, while 37 equities depreciated in price, lower than 38 of the previous week and 98 equities remained unchanged, lower than 101 equities recorded in the preceding week.

Also traded during the week were 316 units of Exchange Traded Products (ETPs) valued at N849,000, executed in five deals, compared with a total of 84,714 units valued at N1.219 million that was transacted last week in 10 deals.

A total of 10,934 units of Federal Government Bonds valued at N10.746 million was traded last week in 31 deals compared with a total of 2,908 units valued at N2.516 million, transacted last week in 11 deals.

More at https://www.akelicious.net/2018/12/no-respite-for-stock-market-as-index.html

gather here if u also don't understand all these shits

WHAT DO YOU EXPECT WHEN YOUR PRESIDENT HAS BEEN MAKING NEGATIVE STATEMENT ABOUT THE COUNTRY

What is worse than ignorance?

being ignorant and convinced that one is knowledgeble.

when dem close shop!!!!

Jonathan:

Did you call buhari when it was rising to heaven last year to early this year?

So now dat its falling we shouldn't call out d pesin in charge Mtcheew.... Bloody BMC!!

Pamtoye:

So now dat its falling we shouldn't call out d pesin in charge Mtcheew.... Bloody BMC!!

Buhari in charge of NSE ?
Lmao .
Is it the private companies he’s in charge of abi what?
What do you know ?

Jonathan:

Buhari in charge of NSE ?
Lmao .
Is it the private companies he’s in charge of abi what?
What do you know ?

... Excuse me sir, The generally unfavorable economy is a major factor that affects the NSE.... U and I know fully know dat d economy ain't favorable to people dealing in d stock exchange market...... So Y won't d government be called out..... Who owns, controls and regulate d NSE by d way!!! Private companies also In a situation where d NSE is flourishing who does it favors most?? Is it also private investors?? Is it not d government dat trades most in d NSE??

Pamtoye:
... Excuse me sir, The generally unfavorable economy is a major factor that affects the NSE.... U and I know fully know dat d economy ain't favorable to people dealing in d stock exchange market...... So Y won't d government be called out..... Who owns, controls and regulate d NSE by d way!!! Private companies also In a situation where d NSE is flourishing who does it favors most?? Is it also private investors?? Is it not d government dat trades most in d NSE??

Ok

Jonathan:

Ok

Yea,!!!!