Jump to content
Nigerian Investment Community
Sign in to follow this  
Michael Olafusi

Bullish: Nigerian Stock Exchange Trade Summary Data for Friday, 26 May 2017

Recommended Posts

You can access the Excel file here: NSE Daily Trade Data

The Market Highlights:

The market was bullish today. The NSE rose by a whooping 2.10% (it has risen this high only five times this year and three of which were this month!).

The market capitalization rose to N10.05 trillion and the index rose to 2,9064.52 The last time it got this high was on 1st of July, 2016 (almost a year ago!).

Many stocks got to their 52 weeks high today: First Bank, Guaranty Trust Bank, Nestle, Pharma Deko, Presco, Tourist and Zenith Bank.

The top gainers were: First Bank (10.14%), Oando (7.66%), Guaranty Trust Bank (5.00%), Ecobank (5.00%), Zenith Bank (4.99%), Flour Mills (4.98%), AXA Mansard (4.97%), Airservice (4.48%), Eterna (4.87%), PZ (4.76%), Jaiz Bank (4.40%), Fidelity Bank (4.12%) and Okomu Oil (4.11%).

The top losers were: Mobil (-5.00%), Learn Africa formerly Longman Nigeria (-4.94%), NAHCO (-4.93%), Vitafoam (-4.92%), AFRPAINTS (-4.86%), Cadbury (-4.85%), NEM (-4.67%) and NPF Microfinance Bank (-3.82%).

What do I think?

I think this is just the beginning. Over the last 10 years, the economy has roared on and inflation has been double digits and company profits have been growing impressively but the stock market has been doing the opposite. Most companies are selling at huge discounts.

AAEAAQAAAAAAAA3GAAAAJGEwOTNlYThlLTMyZWMtNDE1Ny1hNjEwLTJlNmUzMTYwNDk5ZA.png
AAEAAQAAAAAAAA1TAAAAJDg5YjQ2MjE2LTMwMWQtNGEwMi1iMWI2LWZmN2I0YzM2YmQ0ZQ.png
AAEAAQAAAAAAAAmdAAAAJDdiODNlYjllLThiZWQtNDg2OC05MDk4LTI5MjdlYzQ0MzllNw.png
AAEAAQAAAAAAAAp3AAAAJDAwZmZmNDdhLTRmOGYtNGQ2My1hZmU0LWY0YzUzNGUwNGVjZg.png
AAEAAQAAAAAAAA2DAAAAJDU0MWMxM2ZhLTYyN2MtNGJiNi05ZGFiLTdkNGJmOTFkZjA3MA.png
AAEAAQAAAAAAAA2aAAAAJGJjMzMwYWEzLTU5MzEtNGM1MC05ZTkyLWI4NGE2NjllNGE4Ng.png
AAEAAQAAAAAAAA2kAAAAJDBhZjRmOWRjLTZjZWQtNGUxNy05Y2ZmLWVkZTU1NTI3Njc0Yw.png

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

×
×
  • Create New...