• Oando Soars 79.79%, As FO Sheds 45.52% YTD
The month of May 2017 ended with the All-Share index rising by a significant 3,739.8 basis points or 14.51%, closing at 29,498.31bp, enough to pull the market from murky waters, following which the index 9.76% in the green Year-To-Date.
Within the month also, the value of listed equities or market capitalization soared by N1.284tr to close at N10.197tr.
Gainers table for the month of May, according to the Nigerian Stock Exchange (NSE), was led by Nestle Nigeria with N148.01 per share; Nigerian Breweries notched N26.49 per share; Dangote Cement, N16; Guinness Nigeria, N10.99; GTBank, N7.38; Presco chalked N6; Unilever, N5.68; Okomu Oil Palm, 5.45; and PZ, N3.78 per share.
For the month also, Seplat Petroleum Development Company shed N58.01 of the month’s opening price; followed by Mobil Oil’s N47.35; Lafarge Africa, N2.92; Nigerian Enamelware, N1.46; Chemical & Allied Products, 95 kobo; and Stanbic IBTC Holdings, 25 kobo.
Year-to-date also, all of the NSE’s sectoral indices, safe for the NSE Oil&Gas index, closed in positive territory, with the NSE Banking index gaining 30.7% to lead the pack; followed by NSE Pension’s 26.18%; NSE50 notched 13.93%; NSE30, 12.86%; NSE Premium, 12.85%; NSE Mainboard, 11.97%; and NSE Insurance, 9.77%. The NSE O&G lost 5.45%, following losses recorded by Forte Oil, MRS Nigeria, Conoil and Seplat.
The market’s biggest gainers table, year-to-date, was led by energy giant- Oando, which appreciated by 79.79% from N4.70 to N8.45 per share; followed by ASL with 79.2%; Fidson Healthcare climbed 78.13%; Stanbic IBTC Holdings, 73.33%; UBA Plc, 66.67%; and Beta Glass, 48.29%.
May & Baker gained 58.51% YTD, FBN Holdings, 58.21%; Transcorp, 37.93%; Guaranty Trust Bank, 37.89%; C&I Leasing, 36%; Access Bank, 35.6%; AXA Mansard, 34.73%; Continental Insurance, 31.31%; Okomu Oil Palm, 30.69%; PZ Cussons, 28.97%; and Zenith Bank, 28.47%.
On the decliners’ side, YTD, FO was ahead, after shedding 45.52% of the year’s opening price; followed by 7-Up Bottling Company, 26.53%; AG Leventis, 21.87%; Neimeth, 19.23%; Trans Nationwide Express, 19%; Aiico, 17.46%; Guinness Nigeria, 14.51%; NAHCo Aviance, 12.97%; Total Nigeria, 11.37%; UACN, 10.83%; and MRS Nigeria, 9.74%; among others.