Courtesy of Meristem Securities, here is the stock report for the week of December 26th:

1. NSE ASI Strikes 30,728.91 points: A 3-day trading week ahead of the yuletide holidays saw equity market turn bullish probably to wish investors a jolly celebration couple with belief to recoup lost gains from stocks trading. Although, the NSE ASI and market capitalisation tilted northwards, volume of transaction still tread the 300m mark. The bullish resurgence at the verge of the Christmastide seems to attempt cushioning the negative effect of the bears on investors. The index gained 3.88 percent closing (30,728.91 points) appreciably higher than it opened (29,582.00). Likewise, market capitalisation soared to N6.798trl after a 3.98 percent rise.
2. Transaction Volume: Volume of shares transacted skyrocketed 3.49 percent, deals fell 47.04 percent while value of transaction declined by 26.58 percent. In totality, 2.14b shares were swapped in 20,022 deals valued at N9.66b in contrast to 2.07b shares exchanged previous week ended (December 19, 2008) in 37,805 trades worth N13.16b. See table below for breakdown.
3. Price Movement Chart: OANDO was the week’s price leader as the stock held top place on activity chart since commencement of trade on Monday. OANDO’s share price rose 13.3 percent (N10.23k) to close the week at N87.09k followed by GUINNESS and UACN. At the other side of the camp, MOBIL emerged lead price-loser sliding N17.43k to N331.19k.
4. Gainers’ Camp: 57 stocks appreciate.
5. Losers’ Camp: 29 stocks depreciated.
6. Sectoral Performance: Stocks in the banking sector dominated performance on activity chart accounting for 31 percent (633m shares) of market turnover exchanged in 12,040 deals and valued at N4.92b. In 3,662 deals, investors exchanged over 389.34 million shares in the insurance sector valued at N671.76m. The Breweries sector was third on activity chart with 161.59m shares (8 percent of market turnover) exchanged in 1,367 deals worth N1.15b.
7. Companies Performance Results: BIGTREAT PLC, SKYE BANK PLC, IKEJA HOTEL PLC, and TOURIST COMPANY OF NIGERIA PLC released their period results of operations during the week. Likewise, PRESTIGE, BIGTREAT, and BERGER submitted their forecast profit & loss accounts for their respective periods ended.
8. SKYEBANK Plc Recommends 60 kobo Dividend: SKYEBANK PLC proposed a dividend of 60 kobo per share with closure date scheduled for January 02, 2009 and payment date on January 30, 2009.

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