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Tag: NGX

  • NGX closes week bearish, records N165bn loss

    NGX closes week bearish, records N165bn loss

    The stock market closed with a loss of N165 billion on Friday, due to sustained selloffs in medium and penny stocks.

    Specifically, market capitalisation declined by N165 billion or 0.19 per cent, closing at N88.769 trillion from N88.934 trillion on Thursday.

    Similarly, the All-Share Index dropped by 261.74 points or 0.19 per cent to 140,295.50 from 140,557.24 recorded previously.

    The negative performance was driven by sustained selloffs in stocks like: John Holt, Lasaco Assurance, Guinea Insurance, Universal Insurance, Secure Electronic Technology and 26 other stocks.

    Also, the market breadth closed negative with 31 losers and 19 gainers.

    John Holt led the losers’ table by 10 per cent, closing at N6.30 while Lasaco Assurance followed, dropping by 9.64 per cent, settling at N3 per share.

    Guinea Insurance fell by 7.79 per cent, ending the session at N1.42 and Universal Insurance dipped by 6.25 per cent, finishing at N1.20 per share.

    Also, Secure Electronic Technology declined by 5.56 per cent, closing at 85k per share.

    Conversely, Learn Africa led the gainers’ table by 9.86 per cent, finishing at N7.80 while Union Dicon Salt increased by 8.04 per cent, settling at N12.10 per share.

    Prestige Assurance rose by 6.75 per cent, ending the session at N1.74 and Academy Press soared by 6.11 per cent, closing at N9.55 per share.

    Similarly, Omatek Ventures grew by 6.06 per cent, finishing at N1.40 per share.

    Analysis of the market activity revealed decline in the market deals, volume and value.

    A total of 435.14 million shares worth N10.4 billion were traded across 25,609 transactions.

    This is compared to 885.02 million shares worth N28.3 billion that was exchanged in 26,163 transactions earlier on Thursday.

    Meanwhile, VFD Group led the market chart with 49.3 million shares valued at N542.2 million.

    Secure Electronic Technology followed with 33.2 million shares worth N28.8 million while Access Corporation transacted 26.9 million shares valued at N716.9 million.

    Guaranty Trust Holding Company traded 21.33 million shares worth N1.9 billion and FirstHoldCo sold 19.93 million shares valued at N646.7 million.

  • Stock market sustains bullish trend, records N203bn gain

    Stock market sustains bullish trend, records N203bn gain

    The Nigerian stock market continued on a positive note on Tuesday, recording N203 billion gain.

    The market activity was driven by demand for equities such as NCR Nigeria, Berger Paints, Beta Glass, Cadbury and 23 other stocks.

    Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation grew to N89.696 trillion from N89.493 trillion recorded on Monday, representing 0.23 per cent increase.

    Similarly, the All-Share Index (ASI) advanced by 0.23 per cent or 321.59 points, closing at 141,761.36 compared to 141,439.77 recorded at the previous session.

    However, the market breadth closed negative, recording 34 losers against 27 gainers.

    Legend Internet led the decliners’ table by 10 per cent, ending the session at N5.40 while Secure Electronic Technology dropped by 9.26 per cent, closing at 98k per share.

    Cutix dipped by 8.97 per cent, finishing at N3.55 and UAC of Nigeria fell by 8.69 per cent, settling at N73 per share.

    Similarly, Deap Capital Management shed by 8.29 per cent, closing at 1.66 per share.

    On the gainers’ chart, NCR Nigeria soared by 10 per cent, finishing at N11.55 while Sky Shelter Fund grew by 9.99 per cent, settling at N301.55 per share.

    Berger Paints rose by 9.06 per cent, ending the session at N34.90 and Beta Glass gained by 8.16 per cent, closing at N486 per share.

    Also, Cadbury increased by 8.04 per cent, finishing at N62.50 per share.

    A total of 605.02 million shares valued at N12.89 billion were exchanged across 28,845 transactions.

    This is in contrast to 591.2 million shares worth N11.7 billion that was traded across 33,342 transactions.

    Transactions in the shares of FCMB topped the activity chart with 89.29 million shares valued at N980.8 million.

    Veritas Kapital followed with 68.5 million shares worth N154.2 million while AIICO Insurance traded 36.15 million shares valued at N152.5 million.

    Secure Electronic Technology transacted 27.3 million shares worth N27.1 million and Mutual Benefits Assurance sold 23.5 million share valued at N104.9 million.

  • Equities market opens week bullish with N285bn gain

    Equities market opens week bullish with N285bn gain

    The stock market opened on a positive note on Monday, as performance indices grew by 0.31 per cent due to increased buying activity.

    This is extending Friday’s bullish close.

    The uptrend was driven by strong buying interest in stocks like: Julius Berger, Cutix, Regalins, Veritas Kapital and 36 others.

    Market capitalisation rose by N285 billion, or 0.31 per cent, to close at N89.493 trillion, compared with N89.208 trillion on Friday.

    Similarly, the All-Share Index (ASI) increased by 435.63 points, or 0.31 per cent, to settle at 141,439.77.

    Also, the market breadth closed positive with 40 advancers against 17 decliners.

    Julius Berger led the gainers’ table by 9.93 per cent, closing at N146.10 while Cutix Plc grew by 9.86 per cent, settling at N3.90 per share.

    Regency Alliance Insurance rose by 9.70 per cent, finishing at N1.47 and Veritas Kapital Assurance soared by 9.60 per cent, ending the session at N2.17 per share.

    Similarly, MC Nicholas gained by 9.38 per cent, closing at N3.50 per share.

    Conversely, University Press lost by 9.92 per cent, finishing at N5.54 while Cadbury Nigeria declined by 9.61 per cent, settling at N57.85 per share.

    Abbey Mortgage Bank shed by 8.39 per cent, closing at N6.55 and DAAR Communications dipped by 7.44 per cent, ending the session at N1.12 per share.

    Also, Austin Laz fell by 6.55 per cent, closing at N2.71 per share.

    Analysis of the market activities revealed a decline in the market volume and value with an increase in the deals.

    A total of 591.2 million shares worth N11.7 billion were traded across 33,342 transactions, compared with 1.3 billion shares valued at N47.8 billion that was exchanged across 25,916 transactions earlier on Friday.

    Meanwhile, transactions in the shares of FCMB topped the activity chart with 105.13 million shares valued at N1.14 billion.

    Veritas Kapital followed with 59.6 million shares worth N128.8 million while Universal Insurance sold 34.4 million shares valued at N45.2 million.

    AIICO Insurance traded 26.2 million shares worth N111.9 million and Guaranty Trust Holding Company transacted 25 million shares valued at N2.4 billion.

  • Stock market rebounds with N425bn gain

    Stock market rebounds with N425bn gain

    The equities market turned positive on Friday after a three-day downturn, ending the week with N425 billion gain for investors.

    The gain was driven by renewed buying interest in stocks like Beta Glass, FTN Cocoa Processors, UPDC, Veritas Kapital Assurance, Sovereign Trust Insurance and 46 others.

    Market capitalisation rose by N425 billion, or 0.48 per cent, to close at N89.208 trillion, compared with N88.783 trillion on Thursday.

    Similarly, the All-Share Index (ASI) soared by 0.48 per cent or 671.70 points, to settle at 141,004.14.

    Meanwhile, the market breadth also closed positive with 51 gainers  and 13 losers.

    Beta Glass led the gainers’ table by 10 per cent, closing at N449.35 while UPDC also soared by 10 per cent, finishing at N6.93 per share.

    FTN Cocoa Processors rose by 10 per cent, settling at N6.60 and Veritas Kapital Assurance grew by 10 per cent, ending the session at N1.98 per share.

    Similarly, Sovereign Trust Insurance gained by 9.96 per cent, closing at N2.65 per share.

    On the flip side, Thomas Wyatt Nigeria lost by 9.91 per cent, ending the session at N3 while McNichols dipped by 7.51 per cent, settling at N3.20 per share.

    The Initiates Plc declined by 4.43 per cent, closing at N12.30 and E-Tranzact International shed by 3.98 per cent, finishing, settling at N10.85 per share.

    NPF Microfinance Bank lost by 2.81 per cent, closing at N3.11 per share.

    The market activity revealed increase in the market volume, value and deals as 1.30 billion shares valued at N47.84 billion were traded across 25,916 transactions.

    This is compared with the previous session’s 573.75 million shares valued at N12.88 billion that was exchanged across 25,881 deals.

    Meanwhile Zenith Bank led the activity chart with 345.5 million shares worth 21.2 billion.

    FCMB followed with 335.9 million shares valued at N3.5 billion while AIICO Insurance traded 43.7 million shares worth N181.8 million.

    Nigerian Breweries sold 43.26 million shares valued at N3.03 million and WAPIC Insurance transacted 33.3 million shares worth N103.6 million.

  • Equities dip as investors count N712bn loss

    Equities dip as investors count N712bn loss

    The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation depreciated by 0.77 per cent each, closing the week at 144,628.20 points and ₦91.502 trillion.

    These figures compared with 145,754.91 points and ₦92.214 trillion recorded in the previous week. Consequently, equity investors lost ₦712 billion during the week under review. The week recorded three sessions of negative downturn and two positive sessions.

    Similarly, all other indices closed lower, except NGX Insurance, NGX AFR Div. Yield, and NGX Growth, which gained 8.21, 1.57, and 9.50 per cent, respectively.

    A turnover of 8.564 billion shares worth ₦99.936 billion in 177,870 transactions was recorded this week on the Exchange.

    This contrasted with 8.736 billion shares valued at ₦134.577 billion exchanged in 180,290 deals last week.

    The Financial Services Industry led the activity chart with 6.916 billion shares worth ₦56.716 billion traded in 84,589 transactions.

    It contributed 80.75 per cent and 56.75 per cent to the total equity turnover volume and value, respectively.

    The Oil and Gas industry followed with 387.647 million shares valued at ₦8.502 billion in 11,249 deals.

    Third place went to the Agriculture Industry with 315.540 million shares worth ₦6.019 billion traded in 11,747 transactions.

    Trading in Universal Insurance, Linkage Assurance and AIICO Insurance accounted for 2.787 billion shares worth ₦6.622 billion in 11,067 deals.

    This represented 32.54 per cent and 6.63 per cent of the total equity turnover volume and value, respectively.

    Fifty equities appreciated in price during the week, lower than 66 recorded in the previous week.

    Forty-nine equities depreciated, compared with 41 in the previous week, while 47 remained unchanged, higher than 39 previously recorded.

    UPDC Plc, Livingtrust Mortgage Bank, Berger Paints, VFD Group and Unilever Nigeria Plc led the losers’ table, shedding ₦1.40, 80k, ₦5.50, ₦1.50 and ₦8.20, respectively.

    The week’s top gainers were Mutual Benefits, Tripple Gee, Sunu Assurances, Mecure Industries and Deap Capital, gaining 31.85, 30.23, 23.80, 20.50 and 19.26 per cent, respectively.

    They appreciated by 93k, ₦1.30, ₦1.19, ₦3.25 and 26k, respectively.

  • Equity market ends week with N425bn loss

    Equity market ends week with N425bn loss

    The Nigerian stock market closed the week bearish on Friday, as performance indices fell by 0.46 per cent. This marked the third consecutive negative session of the week.

    The downturn was driven by sustained profit-taking in stocks including International Energy Insurance, Lasaco Assurance, Linkage Assurance, Nem Insurance, Meyer and 34 other companies.

    Market capitalisation fell by N425 billion or 0.46 per cent, closing at N91.501 trillion from N91.926 trillion recorded on Thursday.

    Similarly, the All-Share Index dropped by 0.46 per cent or 671.81 points, closing at 144,628.20 from 145,300.01 in the previous session.

    The market breadth also closed negative with 39 losers compared to 30 gainers.

    Lasaco Assurance led the losers’ chart, dropping 10 per cent to N4.05, while International Energy Insurance also fell 10 per cent to N3.33 per share.

    Linkage Assurance declined by 10 per cent to N2.43, while Nem Insurance dipped by 9.97 per cent to N32.50 per share.

    Meyer fell by 9.95 per cent, closing at N16.75 per share.

    On the gainers’ chart, Mutual Benefits rose 10 per cent to N3.85, while Ikeja Hotel gained 9.95 per cent, closing at N22.65 per share.

    Wema Bank appreciated by 9.90 per cent to N22.75, while Deap Capital Management advanced by 9.52 per cent to N1.61 per share.

    Tripple Gee rose by 8.32 per cent, closing at N5.60 per share.

    A total of 1.37 billion shares worth N13.9 billion were traded across 32,065 deals.

    This compared with 2.46 billion shares valued at N22.22 billion exchanged in 43,515 deals on Thursday.

    Universal Insurance recorded the highest volume, trading 308.8 million shares worth N371.1 million.

    AIICO Insurance followed with 117.99 million shares valued at N470.66 million, while Mutual Benefits sold 102.42 million shares worth N390.9 million.

    Veritas Kapital Assurance traded 70.42 million shares worth N160.03 million, while Sovereign Trust Insurance sold 62.15 million shares valued at N182.3 million.

  • Equities dip 0.13% after 2-day rally

    Equities dip 0.13% after 2-day rally

    The equity market witnessed a downturn on Wednesday as performance indices declined by 0.13 per cent. This followed two consecutive days of bullish trading earlier in the week.

    The negative trend was driven by selloffs in Thomas Wyatt Nigeria, UPDC Real Estate Investment Trust, Legend Internet Plc, Berger Paints, and 15 other stocks.

    The market capitalisation shed N121 billion or 0.13 per cent to close at N92.284 trillion, compared with N92.405 trillion at the previous session’s opening.

    The All-Share Index also fell by 0.13 per cent or 191.09 points, closing at 145,864.80 against 146,055.89 recorded on Tuesday.

    However, the market breadth remained positive with 53 gainers and 19 losers.

    On the gainers’ table, Learn Africa rose by 10 per cent to close at N7.70, while FTN Cocoa Processors gained 10 per cent, ending at N6.93 per share.

    Tripple Gee climbed by 10 per cent to N5.17, while RT Briscoe advanced 10 per cent to close at N3.74 per share.

    Prestige Assurance also increased by 10 per cent, closing the day at N2.42 per share.

    Conversely, Thomas Wyatt Nigeria fell by 10 per cent to N3.42, while UPDC Real Estate Investment Trust dropped 7.94 per cent to close at N8 per share.

    Legend Internet Plc declined by 6.35 per cent to N5.60, while Berger Paints lost 6.16 per cent, ending at N32 per share.

    Similarly, Champion Breweries shed 5.75 per cent to close at N16.38 per share.

    A total of 1.34 billion shares worth N20.21 billion were traded in 30,749 transactions.

    This contrasted with 1.28 billion shares worth N24.25 billion exchanged in 31,155 transactions during the previous session.

    Universal Insurance led the activity chart with 193.43 million shares valued at N282.42 million.

    Ja Paul Gold followed with 123.2 million shares worth N389.98 million, while Veritas Kapital Assurance traded 93.21 million shares valued at N260 million.

    Access Corporation exchanged 84.98 million shares worth N2.35 billion, while Sterling Nigeria transacted 68.20 million shares valued at N552.62 million.

  • Stock market sheds N516bn after weeks of bullish rally

    Stock market sheds N516bn after weeks of bullish rally

    The Nigerian stock market closed the week on a negative note on Friday with key performance indicators dropping by 0.56 per cent.

    The market capitalisation dropped by N516 billion, or 0.56 per cent, closing at N92.214 trillion, down from N92.730 trillion recorded on Thursday.

    Also, the All-Share Index shed by 815.80 points or 0.56 per cent, closing at 145,754.91 from the previous close of 146,570.71.

    The downward trend was driven by profit-taking in stocks like Abbey Mortgage Bank, Custodian Investment Plc, Deap Capital Management, The Initiates and 25 others.

    However, the market breadth closed positive with 42 gainers and 29 losers.

    Champion Breweries led the gainers’ chart, soaring by 10 per cent, ending the session at N14.4, while Union Dicon Salt also grew by 10 per cent, settling at N9.90 per share.

    Universal Insurance rose by 10 per cent, finishing at N1.10, and Guiness Nigeria gained by 9.99 per cent, closing at N155.75 per share.

    AXA Mansard climbed by 9.99 per cent, settling at N14.64 per share.

    On the losers’ chart, Abbey Mortgage Bank declined by 9.87 per cent, closing at N6.30, while Custodian Investment Plc fell by 8.48 per cent, finishing at N40.45 per share.

    Deap Capital Management shed by 7.53 per cent, ending the session at N1.35 and The Initiates Plc dipped by 7.34 per cent, finishing at N12 per share.

    Also, the Nigerian Police Force Microfinance Bank lost by 7.25 per cent, closing at N3.20 per share.

    A total of 2.21 billion shares worth N32.4 billion were traded across 35,036 transactions.

    This is in contast with 1.98 billion shares valued at N27.3 billion earlier exchanged across 35,291 deals.

    Transactions in the shares of Linkage Assurance led the activity chart with 585.6 million shares worth N1.17 billion.

    Universal Insurance followed with 213.19 million shares valued at N234.5 million while AIICO Insurance sold 178.5 million shares worth N618.1 million.

    Mutual Benefits Assurance transacted 137.84 million shares valued at N402.46 million and Sterling Nigeria traded 115.27 million shares worth N927.4 million.

    Reacting, Mr David Adonri, Vice President of Highcap Securities, said the market declined as investors shifted their focus to insurance stocks.

    He said this came shortly after President Bola Tinubu signed the Nigerian Insurance Industry Reform Act (NIIRA 2025) into law, noting that the initial surge in demand for insurance stocks soon lost steam as the momentum proved unsustainable.

    “The market had been bullish for a while due to price-sensitive information, as companies declared their half-year results, until President Tinubu assented to the NIIRA 2025, when investors began to embrace insurance stocks.

    “Unfortunately, they could not sustain the rush.

    “Investors need to know that no rally in the market is sustained indefinitely. What happened today is absolutely normal,” he said.

  • NGX sustains bullish run as investors gain N643bn

    NGX sustains bullish run as investors gain N643bn

    The stock market continued on a positive note on Wednesday, as performance indices grew by 0.70 per cent amid increased buying interest and bargain hunting.

    Similarly, the All-Share Index (ASI) also increased by 1,017.49 points, or 0.70 per cent, to settle at 145,813.86 as against Tuesday’s 144,796.37.

    The gain was driven by strong buying interest in medium and large-capitalised stocks like: Meyer Plc, Guinness Nigeria, Learn Africa, AXA Mansard, Mutual Benefits Assurance and 49 others.

    Meanwhile, the market breadth also closed positive with 54 gainers and 26 losers.

    Guiness Nigeria led the gainers’ table, increasing by 10 per cent, settling at N128.75 while Meyer Plc also rose by 10 per cent, finishing at N18.15 per share.

    Learn Africa grew by 10 per cent, closing at N6.27, and AXA Mansard also gained by 10 per cent, ending the session at N12.10 per share.

    Similarly, Mutual Benefits Assurance soared by 10 per cent, closing at N2.42 per share.

    On the decliners’ table, UAC of Nigeria dropped by 10 per cent, finishing at N90, while UH Real Estate Investment Trust also fell by 10 per cent, ending the session at N57.60 per share.

    NGX Group shed by 10 per cent, settling at N63, and Livingtrust Mortgage Bank dipped by 9.93 per cent, closing at N5.35 per share.

    Multiverse Mining lost by 9.68 per cent, finishing at 9.80 per share.

    A total of 2.69 billion shares worth N32.63 billion were exchanged across 35,137 transactions.

    This is compared to 1.03 billion shares valued at N22.9 billion that was traded in 38,932 transactions earlier on Tuesday.

    Transactions in the shares of Consolidated Hallmark Holdings Plc led the activity chart with 1.02 billion shares worth N2.67 billion.

    Linkage Assurance followed with 562.32 million shares valued at N978.4 million while Sterling Nigeria traded 183.77 million shares worth N1.49 billion.

    AIICO Insurance sold 90.7 million shares valued at N262.98 million and Zenith Bank transacted 60.35 million shares worth N4.55 billion.

  • NGX transacts 1.03bn shares worth N22.9bn

    NGX transacts 1.03bn shares worth N22.9bn

    The Nigerian Exchange Ltd. (NGX) on Tuesday recorded a total of 1.03 billion shares traded, valued at ₦22.9 billion, in 38,932 transactions.

    This marked an increase from Monday’s 811.09 million shares worth ₦19.47 billion, exchanged in 35,963 deals.

    AIICO Insurance led trading activity, with 97.10 million shares exchanged, valued at ₦255.3 million.

    Universal Insurance Plc followed with 87.26 million shares worth ₦71 million, while Linkage Assurance traded 64.03 million shares, valued at ₦101.34 million.

    Fidelity Bank recorded 59.21 million shares worth ₦1.25 billion, and Veritas Kapital Assurance traded 50.18 million shares at ₦83.17 million.

    The stock market maintained a bullish trend as investors gained ₦459 billion in value.

    Market capitalisation rose by ₦459 billion or 0.50 per cent, closing at ₦91.608 trillion from ₦91.149 trillion on Monday.

    Likewise, the All-Share Index (ASI) climbed 724.59 points or 0.50 per cent, ending at 144,796.37, up from 144,071.78.

    The bullish performance was driven by increased investor interest in 53 gainers, including AIICO, Sunu Assurances, and Mutual Benefits Assurance.

    Market breadth remained positive with 53 gainers and 22 losers, indicating upbeat sentiment among investors.

    AIICO Insurance gained 10 per cent to close at ₦2.64, while Sunu Assurances also appreciated 10 per cent, finishing at ₦4.84.

    Mutual Benefits Assurance advanced 10 per cent, ending at ₦2.20, while Neimeth International Pharmaceutical rose to ₦7.70. Enamelware equally climbed 10 per cent, closing at ₦29.70 per share.

    On the losers’ chart, Livingtrust Mortgage Bank dropped 9.86 per cent to ₦5.94. UPDCREIT also shed 9.63 per cent, ending at ₦8.45 per share.

    Academy Press lost 9.60 per cent, closing at ₦8.95, while Mecure fell 9.20 per cent to ₦15.80. Cadbury Nigeria dipped 7.35 per cent, closing the session at ₦63 per share.