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The beginning of the second quarter of 2018 saw the market capitalisation of listed equities decline by N44.45 billion. This compares to N556.8 billion listed stocks lost in March 2018, signalling that profit taking by market participants moderated last month. As a result, the market capitalisation closed at N14.94 trillion on April 30, 2018 as against N14.99 trillion on March 28,2018. As at the end of April, market capitalisation closed year to date at 9.84 percent.
The All Share Index (ASI) of the Nigerian Stock Exchange (NSE) 41,268.01 points in April 2018 as against 38,243.19 points in December 29, 2017, representing a year to date performance 7.91 percent. The NSE Premium index which closed on April 30 at 15.19 percent year to date, NSE Pension Index at 16.22 percent; NSE Oil and Gas at 10.06 percent and NSE Banking index at 9.32 percent are the only sub sectoral indexes that outperformed the ASI.
In April, the worst performing sub sectoral index was the NSE ASeM index which closed at -11.85 percent. The ASeM Index closed on April 30 at 958.52 points as against 1,087.32 points on the last trading day last year. Sixty seven stocks closed positive in April with 47 of them outperforming the ASI.
CCNN emerged the most performing stock within the period as its share price rose by 115.3 percent year to date to close at N20.45 a share. Unity Bank witnessed 88.7 YTD share price appreciation to close at N1 per share. Caverton, 86 percent; NEM, 68.7 percent and Skye Bank, 68 percent complete the list of the ten most performing stocks in April 2018.
Six stocks had their share prices unchanged as at April 30, 2018. The stocks are Arbico, Capital Hotels, Golden Breweries, NCR, Skye Shelter Funds and Studio Press.
On the other hand, 45 equities shed various amounts of which the worst hit were African Alliance Insurance, -56 percent; Sovereign Insurance,-56 percent; Courtville, -58 percent; FTN Cocoa, 60 percent and UNIC Insurance, -60 percent.
Companies that declared dividends in April 2018
| Company | Dividend per share in Naira | Closure date | Payment Date |
| Caverton | 0.15 | April 25, 2018 | May 8, 2018 |
| FCMB | 0.10 | April 12, 2018 | April 30,2018 |
| May & Baker | 0.20 | April 20,2018 | June 6,2018 |
| Berger Paints | 0.50 | May 4, 2018 | June 8,2018 |
| UACN | 0.65 | May 14, 2018 | June 21,2018 |
| Pharma Deko | 0.05 | May 4, 2018 | May 23, 2018 |
| Dangote Flour Mills | 0.20 | April 20,2018 | June 27, 2018 |
| Rak Unity | 0.10 | July 20, 2018 | August 16, 2018 |
| Lafarge Africa | 1.50 | April 20,2018 | Pioneer profit |
| Unilever | 0.50 | April 13,2018 | May 11, 2018 |
| NAHCO | 0.25 | July 2, 2018 | July 20,2018 |
| Regency | 0.03 | April 27,2018 | May 25, 2018 |
| Sterling Bank | 0.02 | April 30, 2018 | May 17, 2018 |
| Presco | 2.00 | July 6, 2018 | July 26, 2018 |
| Lean Africa | 0.14 | July 6, 2018 | August 3, 2016 |
| Aluminium Extrusion | 0.09 | August 10, 2018 | Sept. 24,2018 |
| Consolidated Hallmark | 0.02 | May 4, 2018 | May 22, 2018 |
| FBN Holdings | 0.25 | May 4, 2018 | May 16, 2018 |
| Law Union & Rock | 0.04 | April 26, 2018 | May 6, 2018 |
| NPF Microfinance Bank | 0.17 | June 1, 2018 | June 28, 2018 |
| Fidelity Bank | 0.11 | May 11, 2018 | May 25, 2018 |
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