NSE

Adebayo Obajemu

The bearish run on the floor of the Nigerian Stock Exchange on Monday persisted as the All Share Index depreciated further by 0.08% to settle at 40,154.09 points from the previous close of 40,186.70 points. The Market Capitalisation closed at N21.009 trillion, down by 0.08% from the previous close of N21.026 trillion, thereby shedding N17 billion.

An aggregate of 289.34 million units of shares were traded in 4,953 deals, valued at N3.57 billion.

The Market Breadth closed negative as 20 equities emerged as gainers against 25 equities that declined in their share prices.


Stocks to Watch

Access Bank dropped to N8.35 from N8.4. It is trading 20.48% away from its 52 weeks high of N10.5, hence there is uptrend potential in Access Bank. With the book value of N19.12, Access Bank is considered cheap at the current share price.
FBN Holdings traded flat at N7.30. It is trading 18.89% away from its 52 weeks high of N9 which implies an uptrend potential for the share price of the big elephant. Considering its book value of N19.84, relative to the current share price, shows that FBNH is cheap at the current price and has a lot of growth potential embedded in it.
Zenith Bank grew to N24.8 from N24.7. It is trading 12.98% away from its 52 weeks high of N28.5. With the book value of N32.94, relative to its current share price, Zenith Bank is underpriced.
UBA grew to N8.40 from N8.3. It is trading 14.29% away from its 52 weeks high of N9.8. With the book value of N19.16 as against its current share price, UBA is considered cheap and has uptrend potential.
Guaranty Trust Bank grew to N30.50 fromN30.40. It is trading 20.68% away from its 52 weeks high of N38.45 and this implies an uptrend potential for the bank.
Percentage Gainers


UPDC Real Estate Investment & Trust Plc led other gainers with 9.35% growth, closing at N5.85 from the previous close of N5.35.

Consolidated Hallmark Insurance and Academy Press among other gainers also grew their share prices by 9.09% and 8.57% respectively.

Percentage Losers


Africa Prudential Plc led other price decliners as it shed 9.59% of its share price to close at N6.60 from the previous close of N7.30.

LASACO, Niger Insurance and Wapco among other price decliners also shed their share prices by 9.52%, 8.70% and 8.00% respectively.

Volume Drivers


FBN Holdings traded about 57.56 million units of its shares in 182 deals, valued at N419.71 million.
UCAP traded about 27.44 million units of its shares in 466 deals, valued at N167.34 million.
Guaranty Trust Bank traded about 26.85 million units of its shares in 370 deals, valued at N820.55 million