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Tag: NGX

  • NGX suspends trading of Transcorp shares

    NGX suspends trading of Transcorp shares

    The Nigerian Exchange Ltd. (NGX) has suspended trading in the shares of Transnational Corporation Plc (Transcorp). The NGX, in its weekly report, said that the suspension, on Thursday, was necessary to determine the shareholders entitled to receive the firm’s reconstructed shares.

    The Exchange said that suspension was to prevent any trading activities while the company’s registrars and Central Securities Clearing System (CSCS) reconcile their records for the listing of the reconstructed shares.

    According to the regulator, the suspension  action follows a share capital reduction undertaken by Transcorp.

    In another development, the NGX also lifted the suspension placed on trading of the shares of Lasaco Assurance Plc on Wednesday.

    The exchange referred to its market bulletin dated July 8, which notified trading license holders and the investing public about the suspension.

    It added that the development was in line with Rule 3.1 of the Rules for Filing of Accounts and Treatment of Default Filing.

    According to the NGX, the rule mandates a second notification to the issuer if they fail to file the relevant accounts by the end of the Cure Period.

    The NGX also confirmed that Lasaco Assurance had submitted its Audited Financial Statements for the year ended Dec. 31, 2023, along with all outstanding financial documents.

    The NGX said that, in view of the company’s submission of its 2023 AFS, and pursuant to Rule 3.3 of the Default Filing Rules, it was satisfied that the insurer’s accounts comply with all its applicable rules.

    Also, the NGX announced that trading in the rights issue of Nigerian Breweries Plc had been extended for one week, to now close on Friday, Oct. 18.

    The regulator said that the brewer obtained the approval of the Securities and Exchange Commission (SEC) for the extension.

    The Exchange said: “We refer to our market bulletin of  Sept. 4, with reference number: NGXREG/IRD/MB58/24/09/04 wherein the market was notified that trading in Nigerian Breweries Plc’s Rights Issue of 22,607,491,232 ordinary shares of 50 Kobo each at N26.50 per share.

    “On the basis of 11 new ordinary shares for every existing five ordinary shares held as at the close of business on July 12, 2024, opened on Monday, Sept. 2 2024.

    “Consequently, trading in Nigerian Breweries’ Rights will now close on Oct. 18, 2024.”

    On listing, NGX announced that trading in the September 2024 Issue of the Federal Government of Nigeria (FGN) Bonds was listed on the NGX on Friday.

    The regulator also stated that Flour Mills of Nigeria Plc’s N46 billion five – year 22 per cent Series two Fixed Rate Senior Unsecured Bond due 2029 under the N200 billion Flour Mills of Nigeria Plc Bond Issuance Programme were listed on the NGX on Tuesday.

    On trading, the NGX All-Share Index and market capitalisation appreciated by 0.09 per cent each to close the week at 97,606.63 and N56.088 trillion, respectively.

    This is against 97,520.54 and N56.039 trillion, respectively, posted in the previous week.

    Consequently, equity investors gained a total of N49 billion.

    Similarly, all other indices finished higher with the exception of NGX Main Board, NGX AFR Bank Value, NGX Consumer Goods, NGX Lotus II and NGX Industrial Goods which depreciated 0.28, 1.12, 1.25 , 0.16 and 0.13 per cent respectively.

    However, the NGX ASeM and NGX Sovereign Bond indices closed flat.

    Meanwhile, a total turnover of 2.966 billion shares worth N31.508 billion in 42,482 deals was traded this week by investors, in contrast 2.872 billion shares valued at N132.811 billion that exchanged hands last week in 39,867 deals.

    The Financial Services Industry measured by volume led the activity chart with 1.485 billion shares valued at N17.965 billion traded in 19,613 deals; thus contributing 50.05 and 57.02 per cent  to the total equity turnover volume and value, respectively.

    The Services Industry followed with 1.108 billion shares worth N775.258 million in 2,675 deals.

    Third place was the Agriculture Industry, with a turnover of 93.904 million shares worth N1.250 billion in 2,517 deals.

    Trading in the top three equities namely, Tantalizer Plc, Coronation Insurance Plc and Fidelity Bank Plc measured by volume accounted for 1.625 billion shares worth N3.908 billion in 1,814 deals.

    These contributed 54.80 and 12.40 per cent to the total equity turnover volume and value respectively.

  • NGX closes positive, investors gain N74 billion

    NGX closes positive, investors gain N74 billion

    To end the week, the stock market rebounded from previous losses, gaining N74 billion. Investor interest in MTN Nigeria, FBN Holdings, Guaranty Trust Holding Company (GTCO) and other equities lifted the market.

    Notably, the market capitalisation opened at N56.014 trillion, adding N74 billion or 0.13 per cent to close at N56.088 trillion.

    The All-Share Index also advanced by 0.13 per cent, or 129.44 points, closing at 97,606.63, compared to 97,477.19 recorded on Thursday. As a result, the Year-To-Date (YTD) return increased by 30.54 per cent.

    The market breadth closed positive, with 31 gainers and 19 losers on the floor of the Exchange. On the gainers’ chart, Consolidated Hallmark Plc and Sterling Nigeria led by 9.45 per cent each to close at N1.39 and N4.98 per share respectively.

    Mecure followed by 9.19 per cent to close at N10.10, Regency Alliance Insurance gained 9.09 per cent to close at 72k, while Fidson Healthcare Plc increased by 8.24 per cent to close at N15.10 per share.

    Conversely, Deap Capital Management and Trust led the losers’ chart by 9.93 per cent to close at N1.36, NEM Insurance trailed by 9.71 per cent to close at N7.90 per share.

    Daar Communications also lost 9.52 per cent to close at 57k, Tantalizers shed 9.09 per cent to close at 60k, while Dangote Sugar declined by 3.31 per cent to close at N31 per share.

    Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 20.33 per cent.

    A total of 304.43 million shares valued at N5.60 billion were exchanged in 6,950 deals, compared with 277.75 million shares valued at N4.65 billon in 7,091 deals traded in the previous session.

    Meanwhile, Access Corporation led the activity chart in volume and value with 68.26 million shares valued at N1.34 billon.

  • NGX: Value of transactions down by 33.09%

    NGX: Value of transactions down by 33.09%

    The value of transactions on the Nigerian Exchange Ltd. (NGX) declined by 33.09 per cent on Thursday. Investors traded 277.75 million shares valued at N4.65 billion in 7,091 deals, compared to 356.13 million shares valued at N6.95 billion exchanged in 8,582 deals on Wednesday.

    As a result, the market capitalisation shed 0.01 per cent or N5 billion, dropping from an opening of N56.019 trillion to close at N56.014 trillion. The All-Share Index, which opened at 97,487.14, also closed 0.01 per cent or 10 points lower, settling at 97,477.19. Consequently, the Year-To-Date (YTD) return fell by 30.36 per cent.

    Selloffs in stocks such as United Bank for Africa (UBA), Access Corporation, Fidelity Bank, Wema Bank and Nigerian Breweries contributed to the negative market performance. However, market breadth closed positively, with 23 gainers and 22 losers.

    On the gainers’ log, Regency Alliance Insurance led by 6k to close at 66k, Caverton followed with 22k to close at N2.48 per share.

    Royal Exchange also gained 6k to close at 75k, ABC Transport advanced by 10k to close at N1.32, while UPL rose by 17k to close at N2.55 per share.

    On the other side, Daar Communications led the losers’ log by 7k to close at 63k, Livestock trailed by 34k to close at N3.10 per share.

    Sunu Assurances declined by 17k to close at N1.58, Fidson Healthcare Plc went down by N1.50 to close at N13.95, while Consolidated Hallmark Holdings dropped 13k to close at N1.27 per share.

    Meanwhile, Fidelity Bank led the activity log in volume with 43.34 million shares while United Bank For Africa (UBA) led in value in deals worth N956.67 million.

  • Investors lose N671bn as NGX dips further

    Investors lose N671bn as NGX dips further

    The equity market on Thursday took a further dip, losing N671 billion due to sell-offs in Dangote Cement and Tier-one banking stocks.

    The Nigerian Exchange Ltd. (NGX) market capitalisation dropped by N671 billion, or per cent, closing at N55.777 trillion, down from N56.448 trillion.

    Similarly, the All-Share Index declined by 1.19 per cent to settle at 97,064.42, compared to 98,232.39 recorded on Wednesday.

    As a result, the Year-To-Date return fell to 29.81 per cent.

    Losses in Dangote Cement, Dangote Sugar, Zenith Bank, FBN Holdings and Transnational Corporation, among others, drove the market into negative territory.

    Market breadth ended negative, with 28 stocks declining and 23 gaining.

    Dangote Cement and McNichols led the losers’ table by 10 per cent each, to close at N478.80 and N1.35 per share, respectively.

    Secure Electronic Technology Plc followed by 7.58 per cent to close at 61k, UPDC Real Estate Investment lost 4.72 per cent to close at N5.05 per share.

    Computer Warehouse Group also dropped 4.62 per cent to close at N6.20 per share.

    Conversely, Seplat led the gainers’ table by 10 per cent to close at N4,513.40, Livestock Feed Plc trailed by 9.93 per cent to close at N2.99 per share.

    Regency Alliance Insurance gained 9.76 per cent to close at 90k, Caverton rose by 9.63 per cent to close at N2.39, Axa Mansard added 7.82 to close at N5.93 per share.

    Analysis of the market activities showed trade turnover settled lower, relative to the previous session, with the value of transactions down by 20.02 per cent.

    Investors traded 268.39 million shares valued at N6.76 billion in 8,565 deals, compared with 425.76 million shares valued at N8.45 billion exchanged in 11,954 deals, posted in the previous session.

    On the activity chart, United Bank for Africa (UBA) led in volume with 37.09 milllion, while Seplat Energy led in value with deals worth N2.34 billion.

  • NGX opens positive, gains N57bn

    NGX opens positive, gains N57bn

    The Nigerian Exchange Ltd. (NGX) market capitalisation opened on a positive note on Monday, recording N57 billion gain.

    Specifically, the market capitalisation, which opened at  N56.578 trillion, added 0.10 per cent to close at N56.635 trillion.

    The All-Share Index also advanced by 0.10 per cent or 130.11 points, to close at 98,558.79, having opened at 98,458.68.

    Consequently, the Year-To-Date (YTD) return rose by 31.81 per cent.

    Investors interest in Tier-one banking stocks, namely, Guaranty Trust Holding Company(GTCO), Zenith Bank, United Bank For Africa(UBA), Access Corporation, among other advanced equities drove the market up.

    Market breadth also closed positive with 32 gainers and 23 losers.

    On the gainers’ chart, Abbey Mortgage Bank, Africa Prudential and Secure Electronic Technology led by 10 per cent each to close at N2.75, N9.90 and 66k per share, respectively.

    Triple G gained 9.93 per cent to close at N4.54 and Deap Capital Management and Trust Plc went up by 9.91 per cent to close at N1.22 per share.

    Conversely, Ellah Lakes led the losers’ chart by 9.96 per cent to close at N4.43, Neimeth trailed by 9.81 per cent to close at N1.93 per share.

    Academy Press dropped 9.78 per cent to close at N4.43, Caverton lost 9.70 per cent to close at N2.42 and UPL shed 8.44 per cent to close at N2.17 per share.

    Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 1,576.22 per cent.

    A total of 1.86 billon shares valued at N111.58 billion were exchanged in 10,583 deals, compared with 797.21 million shares valued at N6.66 billion traded in 7,764 deals.

    Guiness led the activity chart in volume and value with 1.27 billion shares  worth N103.87 billion.

    Recall that Guinness’ Board of Directors, on Friday, confirmed that the sale of Diageo’s majority stake to Tolaram was progressing smoothly, hence, investors renewed interest on the stock.

    The much-anticipated deal is a significant shift in the company’s direction after decades of majority ownership by Diageo.

    The transaction involves the sale of Diageo’s 58.02 per cent stake in Guinness Nigeria to Tolaram, a move that was first announced in June.

  • NGX maintains downtrend, sheds 0.07%

    NGX maintains downtrend, sheds 0.07%

    The domestic bourse on Friday continued its downtrend with a 0.07 per cent loss, equivalent to N37 billion, driven by sell-offs in Tier-one banking stocks.

    Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation, having opened at N56.615 trillion, shed N37 billion or 0.07 per cent to close at N56.578 trillion.

    Similarly, the All-Share Index (ASI) dropped by 0.07 per cent or 65 points, ending the day at 98,458.68 points, down from 98,523.56 points.

    Accordingly, the Year-To-Date return decreased by 31.68 per cent.

    Sell pressure in Zenith Bank, FBN Holdings, FCMB Group, alongside International Breweries, Unilever, among others dragged the market down.

    Market breadth closed negative with 26 losers and 21 gainers on the floor of the Exchange.

    On the losers’ chart, Caverton led by 9.76 per cent to close at N2.68, Northern Nigeria Flour Mills trailed by 9.50 per cent to close at N31.90 per share.

    UPL declined by 8.85 per cent to close at N2.37, McNichols dropped 8.57 per cent to close at N1.60, while International Breweries lost 6.96 per cent to close at N4.01 per share.

    Conversely, Beta Glas led the gainers’ chart by 10 per cent to close at N48.96, Meyer Plc followed by 9.93 per cent to close at N7.75 per share.

    Deap Capital Management and Trust Plc advanced by 9.90 per cent to close at N1.11, Ellah Lakes Plc gained 9.82 per cent to close at N4.92 per share.

    Also, Abbey Mortgage Bank Plc rose by 9.65 per cent to close at N2.50 per share.

    Analysis of the market activities showed trade turnover settled higher, relative to the previous session, with the value of transactions up by 0.72 per cent.

    A total of 797.21 million shares valued at N6.66 billion were exchanged in 7,764 deals, as against 344.36 million shares valued at N6.61 billion traded in 9,005 deals on Thursday.

    Meanwhile, Japaul Gold led the activity chart in volume and value with 591.19 million shares worth N1.47 billion.

  • Investors lose N267bn as stock market reverses gain

    Investors lose N267bn as stock market reverses gain

    The stock market, on Thursday, reversed some gains from its previous sessions, indicating a loss of N267 billion from the portfolios of investors.

    Selloffs in MTN Nigeria, Oando Plc, United Bank For Africa (UBA), Fidelity Bank, FCMB Group, alongside Cadbury and United Capital, amongst other declined stocks, drove the market to a negative terrain.

    Specifically, the market capitalisation closed at N56.615 trillion, having lost N267 billion or 0.47 per cent from an opening of N56.882 trillion.

    The All-Share Index also declined by 0.47 per cent or 464 points to settle at 98,523.56 points, against 98,987.42 points reported on Wednesday.

    Consequently, the Year-To-Date return fell by 31.76 per cent. However, the market breadth closed positive with 29 gainers and 26 losers.

    On the gainers’ log, FTN Cocoa led 28 other advanced stocks by 9.82 per cent to close at N1.79 per share. Also, Caverton led 25 other declined stocks on the losers’ log by 9.83 per cent to close at N2.97 per share.

    Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 47.44 per cent.

    A total of 344.36 million shares valued at N6.61 billion were exchanged in 9,005 deals, compared to 603.31 million shares valued at N12.58 billion, traded in 9,723 deals posted in the previous session.

    Meanwhile, UBA led the activity chart in volume and value with 29.18 million shares worth N756.09 million.

  • NGX market cap sheds N193 billion to selloffs

    NGX market cap sheds N193 billion to selloffs

    The Nigerian stock market, on Wednesday, reversed gains from previous sessions with a loss of N193 billion. Selloffs in Tier-one banking stocks namely, Zenith Bank, Access Corporation, Guaranty Trust Holding Company (GTCO), among other declined equities were the primary drivers of the market’s relapse.

    The Nigerian Exchange Ltd. (NGX) market capitalisation which opened at N55.647 trillion, shed N193 billion or 0.35 per cent to close at N55.454 trillion.

    The All-Share Index also lost 0.35 per cent or 336.3 points to close at 96,537.48 points, against 96,873.74 points posted on Tuesday.

    Consequently, the Year-To-Date (YTD) return decreased by 29.11 per cent. Also, market breadth closed negative with 33 losers and 21 gainers on the floor of the Exchange.

    On the losers’ chart, Oando led by 10 per cent to close at N81.90, The Initiative Plc trailed by 9.95 per cent to close at N1.81 per share.

    RT Briscoe lost 9.72 per cent to close at N2.60, Secure Electronic Technology Plc declined by 9.23 per cent to close at 59k, while Omatek shed 9.09 per cent to close at 70k per share.

    On the losers’ side, Daar Communications led by 10 per cent to close at 66k, Industrial Medical Gas followed with 9.72 per cent to close at N35 per share.

    Deap Capital Management and Trust Plc advanced by 9.52 per cent to close at N1.15, Tantalizers rose by 8.47 per cent to close at 64k and Caverton added 6.82 per cent to close at N1.41 per share.

    Analysis of the market activities indicated that trade turnover settled lower relative to the previous session, with the value of transactions down by 21.43 per cent.

    Investors exchanged 389.23 million shares valued at N8.18 billion in 12,039 deals, compared to 473 million shares valued at N10.41 billion traded in 12,532 deals recorded previously.

    Meanwhile, Oando led the activity chart in volume and value with 37.18 million shares worth N3.10 billion, Universal Insurance followed with 33.71 million shares valued at N12.66 million.

    Transnational Corporation also sold 29.02 million shares valued at N321.76 million, FTN Cocoa traded 22.74 million worth N35.14 million and GTCO transacted 21.95 million shares N1.01 billion.

  • NGX extends gain by N123bn

    NGX extends gain by N123bn

    Opening the week,investors’ interest in Tier-one banking stocks further extended gains of the Nigerian stock market capitalisation by N123 billion or 0.22 per cent.

    Gains in Zenith Bank, United Bank For Africa (UBA), Guaranty Trust Holding Company (GTCO), Fidelity Bank,  Access Corporation, among other advanced equities lifted the market up.

    The Nigerian Exchange Ltd.(NGX) market capitalisation closed at N55.601 trillion, having opened at N55.478 trillion.

    The All-Share Index also settled at 96,793.95 points, having added 0.22 per cent or 214.41 points, against 96,579.54 points recorded on Friday.

    As a result, the Year-To-Date(YTD) return rose by 29.45 per cent.

    However, market breadth closed slightly negative with 29 losers and 28 gainers on the floor of the Exchange.

    On the losers’ table, Livestock Feed Plc led by 10 per cent to close at N2.25, RT Briscoe trailed by 9.86 per cent to close at N3.20 per share.

    Cornerstone Insurance lost 9.63 per cent to close at N2.44, Daar Communications shed 9.59 per cent to close at 66k, while Wapic Insurance dropped 9.41 per cent to close at 77k per share.

    On the other hand, Oando led the gainers’ table by 9.95 per cent to close at N84.55, Industrial Medical Gas followed by 9.85 per cent to close at N29 per share.

    E-transact also gained 9.80 per cent to close at N5.60, Conoil advanced by 9.72 per cent to close at N158 and UPL rose by 9.13 per cent to close at N2.51 per share.

    Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 65.05 per cent.

    A total of 498.12 million shares valued at N11.04 billion were exchanged in 13,149 deals, compared to 573.96 million shares worth N31.58 billion in 12,754 deals posted in the previous session.

    UBA led the activity chart in volume with 54.85 million shares, while Oando led the chart in value with deals worth N3.20 billion.

  • Stock market closes with N99bn gain

    Stock market closes with N99bn gain

    The Nigerian stock market on Friday closed the week on a positive note, with investors adding N99 billion to their portfolios.

    Notably, the market capitalisation of listed equities increased by N99 billion or 0.18 per cent from an opening of N55.379 trillion to settle at N55.478 trillion.

    The All-Share Index also went up by 0.18 per cent or 172.13 points, to close at 96,580.01, against 96,407.88 recorded on Thursday.

    As a result, the Year-To-Date (YTD) return rose by 29.16 per cent.

    The impressive performance of the market was driven by investors buy interest in FBN Holdings, Guaranty Trust Holding Company(GTCO),Total Energies, Oando Plc, Transnational Corporation, among other advanced equities.

    Meanwhile, market breadth maintained the positive momentum with 27 gainers outnumbering 25 losers on the floor of the Exchange.

    On the gainers chart, Berger Paints and Deap Capital Management and Trust Plc led by 10 per cent each to close at N14.30 and N88k per share.

    Oando followed by 9.94 per cent gain to close at N76.90, McNichols gained 9.93 per cent to close at N1.55, and Daar Communications advanced by 8.96 per cent to close at 73k per share.

    On the other hand, Eterna Plc led the losers’ chart by 9.95 per cent to close at N27.60, RT Briscoe trailed by 9.90 per cent to close at N3.55 per share.

    Tantalizers also lost 7.25 per cent to close at 64k, Chams dropped 7.17 per cent to close at N2.20, while Eunisell Interlinked Plc shed 6.25 per cent to close at three Naira per share.

    Analysis of the market activities indicated that trade turnover settled higher relative to the previous session, with the value of transactions increasing by 326 per cent.

    Investors exchanged a total of 573.96 million shares worth N31.58 billion in 12,754 deals, compared to 966.97 million shares valued at N7.42 billion exchanged in 9,851 deals posted previously.

    On the activity chart, Julius Berger emerged as the most traded stock in volume and value, with 120.76 million shares valued at N19.63 billion.