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Tag: NGX

  • Stock market closes July positive, gains N370bn

    Stock market closes July positive, gains N370bn

    The Nigerian stock market wrapped up Junly on a positive note, adding N370 billion for investors.

    The uptrend was due to strong buying interest in medium and large-capitalised stocks, like: UAC of Nigeria, Wema Bank, Guinness Nigeria, Skyway Aviation Handling Company and 25 other stocks.

    The market capitalisation increased by 0.42 per cent or N370 billion, closing at N88.424 trillion compared to N88.054 trillion on Wednesday.

    Similarly, the All-Share Index (ASI) climbed by 584.85 points or 0.42 per cent to reach 139,863.52 as against 139,278.67 earlier recorded.

    However, the market breadth closed negative with 55 losers and 29 gainers.

    FTN Cocoa Processors led the decliners’ chart, dropping by 10 per cent, closing at N5.67 while Learn Africa also lost by 10 per cent, settling at N6.30 per share.

    AXA Mansard Insurance fell by 10 per cent, ending the session at N11.70 and The Initiates Plc also shed by 10 per cent, finishing at N13.50 per share.

    Ikeja Hotel declined by 9.96 per cent, closing at N20.80 per share.

    On the advancers’ chart, UAC of Nigeria soared by 10 per cent, finishing at N80.30 while Wema Bank also increased by 10 per cent, ending the session at N22 per share.

    Guinness Nigeria rose by 9.96 per cent, settling at N117.05 and Skyway Aviation Handling Company gained by 9.95 per cent, closing at N90.05 per share.

    Similarly, Mecure climbed by 9.69 per cent, ending the session at N15.85 per share.

    Meanwhile, 1.11 billion shares worth N33.65 billion were exchanged across 37,370 transactions, compared to 922.03 million shares worth N35.39 billion that was traded across 36,423 transactions earlier.

    Transactions in the shares of First City Monument Bank led the activity chart with 121.54 million shares valued at N1.22 billion.

    Universal Insurance followed with 91.55 million shares worth N71.69 million while Fidelity Bank transacted 81.12 million shares valued at N1.7 billion.

    Regency Alliance Insurance traded 64.53 million shares worth N51.94 million and Royal Exchange Plc sold 47.12 million shares valued at N79.55 million.

  • Stock market extends bullish trend by 0.99%

    Stock market extends bullish trend by 0.99%

    The stock market closed on a positive note on Wednesday, as performance indices grew by 0.99 per cent amid increased buying interest and bargain hunting.

    Market capitalisation rose by N863 billion, or 0.99 per cent, to close at N88.054 trillion, compared with N87.191 trillion on Tuesday.

    Similarly, the All-Share Index (ASI) increased by 1,365.80 points, or 0.99 per cent, to settle at 139,278.67.

    The uptrend was driven by strong buying interest in medium and large-capitalised stocks such as Multiverse Mining, Royal Exchange, Berger Paints, Dangote Sugar and 35 other stocks.

    Also, the market breadth closed positive with 39 gainers and 32 losers.

    On the gainers’ chart, Multiverse Mining increased by 10 per cent, settling at N9.90 while Royal Exchange also soared by 10 per cent, ending the session at N1.54 per share.

    NPF Microfinance Bank gained by 9.97 per cent, closing at N3.42 and Berger Paints also rose by 9.97 per cent, finishing at N37.50 per share.

    Similarly, Dangote Sugar climbed by 9.97 per cent, closing at N71.15 per share.

    On the losers’ chart, Abbey Mortgage Bank dropped by 10 per cent, settling at N6.48 and FTN Cocoa Processors also declined by 10 per cent, closing at N6.30 per share.

    Livingtrust Mortgage Bank fell by 9.97 per cent, finishing at N6.59 while SUNU Assurances shed by 9.61 per cent, ending the session at N4.14 per share.

    Also, Consolidated Hallmark Holdings lost by 7.78 per cent, closing at N3.20 per share.

    Meanwhile, 922.03 million shares worth N35.39 billion were traded across 36,423 transactions.

    This is in contrast with 940.80 million shares worth N30.63 billion that was exchanged across 28,358 transactions earlier on Tuesday.

    Transactions in the shares of Fidelity Bank topped the activity chart with 90.39 million shares worth N1.89 billion.

    Access Corporation followed with 43.05 million shares valued at N1.19 billion while UACN traded 32.98 million shares worth N2.08 billion.

    Universal Insurance transacted 32.29 million shares valued at N26.05 million and First City Monument Bank sold 31.81 million shares worth N328.4 million.

  • NGX: Market capitalisation hits N84trn

    NGX: Market capitalisation hits N84trn

    The Nigerian stock market continued on a bullish trend on Thursday, gaining N406 billion.

    Market capitalisation rose by N406 billion or 0.48 per cent, closing at N84.262 trillion when compared to N83.856 trillion recorded on Wednesday.

    Similarly, the All-Share Index (ASI) climbed 642.57 points or 0.48 per cent, reaching 133,200 from 132,557.43 recorded earlier.

    The upward trend was driven by strong buying interest in medium and large-capitalised stocks, including: Academy Press, FTN Cocoa, RT Briscoe, Guiness Nigeria and 42 others.

    Also, the market breadth closed positive with 46 gainers and 33 losers.

    Academy Press led the gainers’ chart, climbing by 10 per cent and closing at N8.47 while FTN Cocoa Processors also gained by 10 per cent, settling at N6.60 per share.

    Sovereign Trust Insurance increased by 10 per cent, ending the session by N1.43 and RT Briscoe soared by 9.97 per cent, finishing at N3.75 per share.

    Also, Guiness Nigeria rose by 9.97 per cent, closing at N106.45 per share.

    On the flip side, ABC Transport dropped by 10 per cent, ending the session at N4.59 while John Holt also decreased by 10 per cent, closing at N8.10 per share.

    Union Dicon Salt fell by 10 per cent, settling at N9.00 and Industrial and Medical Gases lost by 9.89 per cent, finishing at N38.25 per share.

    Similarly, Secure Electronic Technology shed by 9.71 per cent, closing at 93k per share.

    A total of 818.39 million shares worth N22.67 billion were exchanged across 22.955 transactions.

    This is in contrast to 681.24 million shares worth N17.02 billion that was exchanged across 26,931 transactions earlier on Wednesday.

    Transactions in the shares of Ja Paul Gold led the activity chart with 83.79 million shares worth N231.76 million.

    United Bank for Africa followed with 73.09 million shares valued at N3.41 billion while Access Corporation transacted 65 million shares worth N1.85 billion.

    Consolidated Hallmark Holdings sold 55.71 million shares valued at N169.1 million and Nigerian Breweries traded 41.11 million shares worth N2.97 billion.

  • Stock market indices increase as investors gain N67bn

    Stock market indices increase as investors gain N67bn

    The stock market closed on a positive note on Wednesday, as performance indices grew by 0.08 per cent amid increased buying interest and bargain hunting.

    Market capitalisation rose by N67 billion, or 0.08 per cent, to close at N83.856 trillion, compared with N83.789 trillion on Tuesday.

    Similarly, the All-Share Index (ASI) increased by 105.70 points, or 0.08 per cent, to settle at 132,557.43.

    The positive trend was driven by strong buying interest in medium and large-capitalised stocks such as Academy, The Initiate, Ikeja Hotel and 27 other stocks.

    Meanwhile, the market breadth closed negative with 37 losers 30 gainers.

    On the losers’ chart, Austin Laz and Company dropped by 10 per cent, settling at N2.34 while Tripple Gee fell by 9.95 per cent, closing at N3.89 per share.

    Omatek lost by 9.72 per cent, ending the session at N1.30 and DAAR Communications declined by 9.64 per cent, finishing at 75k per share.

    Similarly, Guinea Insurance shed by 9.09 per cent, closing at 90k per share.

    On the gainers’ chart, FG192038S2 increased by 16.87 per cent, ending the session at N97.00 while Academy grew by 10 per cent, closing at N7.70 per share.

    The Initiates Plc rose by 9.98 per cent, settling at N13.34 and Ikeja Hotel gained by 9.95 per cent, finishing at N21.00 per share.

    Also, Nigerian Enamelware soared by 9.84 per cent, closing at N24.55 per share.

    681.24 million shares worth N17.02 billion were exchanged across 26,931 transactions.

    This is compared with 771.65 million shares worth N26.78 that was traded across 32,734 transactions earlier on Tuesday.

    Transactions in the shares of Access Corporation topped the activity chart with 98.62 million shares worth N2.74 billion.

    Ellah Lakes followed with 61.119 million shares valued at N581.61 million while Ja Paul Gold sold 49.16 million shares worth N136.75 million.

    Royal Exchange Plc traded 43.75 million shares valued at N53.61 million and Universal Insurance transacted 32.07 million shares worth N23.39 million.

  • Stock market gains N396bn on MPC rate decision

    Stock market gains N396bn on MPC rate decision

    The Nigerian stock market continued its upward trajectory, with a gain of N396 billion on Tuesday.

    Market capitalisation rose by N396 billion or 0.47 per cent, closing at N83.789 trillion when compared to the previous day’s N83.393 trillion.

    Similarly, the All-Share Index (ASI) climbed by 624.96 points or 0.47 per cent to reach 132,451.73 as against 131,826.77 recorded on Monday.

    The positive trend was driven by strong buying interest in medium and large-capitalised stocks, like: Dangote Sugar, The Initiates Plc, Sovereign Trust Insurance, Enamelware, University Press and 31 other stocks.

    Also, the market breadth closed positive with 36 gainers and 34 losers.

    Dangote Sugar led the gainers’ chart, rising by 10 per cent, settling at N56.10 while The Initiates Plc increased by 9.97 per cent, ending the session at N12.13 per share.

    Sovereign Trust Insurance gained by 9.84 per cent, finishing at N1.34 and Enamelware rose by 9.83 per cent, closing at N22.35 per share.

    Similarly, University Press soared by 9.82 per cent, settling at N6.15 per share.

    On the flip side, Ellah Lakes fell by 10 per cent, closing at N9.90 while Legend Internet also shed by 10 per cent, finishing at N5.31 per share.

    FTN Cocoa Processors dropped by 9.91 per cent, ending the session at N6.09 and Meyer lost by 9.79 per cent, settling at N17.05 per share.

    Also, Thomas Wyatt Nigeria Plc declined by 9.73 per cent, closing at N3.06 per share.

    A total of 771.65 million shares worth N26.78 were traded across 32,734 transactions.

    This is in contrast with 706.04 million shares worth N21.56 billion that were traded in 30,750 transactions earlier on Monday.

    Transactions in the shares of Access Corporation topped the activity chart with 102.88 million shares worth N2.77 billion.

    Ellah Lakes followed with 56.73 million shares valued at N586.4 million while United Bank for Africa sold 48.28 million shares worth N2.28 billion.

    Guaranty Trust Holding Company transacted 32.75 million shares valued at N3.18 billion and WAPCO traded 30.5 million shares worth N3.87 billion.

    The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held rates steady after its two-day meeting.

    The MPC retained the Monetary Policy Rate (MPR) at 27.50 per cent, also the asymmetric corridor around the MPR at +500bps/-100bps.

    It retained the Cash Reserve Ratio (CRR) for deposit money banks at 50 per cent, the CRR for merchant banks at 16 per cent, and the liquidity ratio at 30 per cent.

  • Stock market gains N152bn amid bullish trend

    Stock market gains N152bn amid bullish trend

    The Nigerian stock market opened bullish on Monday, resulting in a gain of ₦152 billion for investors. This extended the previous week’s four-day rally.

    The uptrend was driven by increased investor interest in stocks such as Cutix, International Energy Insurance, TIP, Caverton Offshore Support, and 37 others.

    Specifically, market capitalisation opened at ₦83.241 trillion and added ₦152 billion or 0.18 per cent to close at ₦83.393 trillion.

    The All-Share Index rose by 0.18 per cent or 241.11 points, closing at 131,826.77 from 131,585.66 on Friday. However, market breadth closed negative, with 41 stocks declining and only 31 advancing.

    Meyer topped the losers’ chart, shedding 10 per cent to close at ₦18.90 per share. McNicholas followed, dropping by 9.95 per cent to finish at ₦3.44 per share.

    Thomas Wyatt Nigeria lost 9.84 per cent to end at ₦3.39, while Deap Capital shed 9.77 per cent to close at ₦1.20.

    Sovereign Trust Insurance also declined, losing 9.63 per cent to settle at ₦1.22 per share. Cutix led the gainers’ table, rising by 10 per cent to close at ₦4.07 per share.

    International Energy Insurance also advanced by 10 per cent, finishing at ₦2.20 per share. NCR Nigeria gained 10 per cent, closing at ₦7.26, while The Initiates Plc rose by 9.97 per cent to ₦11.03.

    Caverton Offshore Support advanced by 9.75 per cent to settle at ₦7.09 per share.

    Overall, 706.04 million shares worth ₦21.56 billion were traded in 30,750 transactions. This compares to 3.35 billion shares worth ₦62.39 billion exchanged in 28,593 deals on Friday.

    Access Corporation led activity with 61.73 million shares traded, worth ₦1.64 billion.

    Consolidated Hallmark Holdings followed, trading 43.98 million shares valued at ₦133.78 million.

    CHAMS sold 38.66 million shares, amounting to ₦118.43 million in value. United Bank for Africa transacted 32.89 million shares worth ₦1.50 billion. Zenith Bank traded 24.60 million shares, valued at ₦1.73 billion.

  • NGX weekly transactions record 78.48% growth

    Stock market investors traded 17.498 billion shares worth N500.762 billion in 142,082 transactions this week on the floor of the Nigerian Exchange.

    This contrasts with 5.390 billion shares valued at N107.811 billion traded last week across 134,390 transactions.

    As a result, the transaction value on the Exchange surged by 78.48 per cent.

    The market opened for four days, as Tuesday was declared a public holiday to honour the late President Muhammadu Buhari.

    The Financial Services Industry led the activity chart with 15.771 billion shares worth N437.763 billion in 66,725 transactions.

    This represented 90.13 per cent and 87.42 per cent of the total equity turnover volume and value respectively.

    The ICT Industry followed, trading 325.134 million shares valued at N3.492 billion in 9,028 deals.

    In third place was the Consumer Goods Industry, with 313.424 million shares worth N20.162 billion across 14,917 transactions.

    First Holdco Plc, FCMB Group Plc and Fidelity Bank Plc accounted for 13.229 billion shares worth N367.498 billion.

    These three equities represented 75.60 per cent of the turnover volume and 73.39 per cent of the value.

    The NGX All-Share Index rose by 4.31 per cent to close at 131,585.66, while market capitalisation reached N83.241 trillion.

    All other indices ended higher, except NGX Insurance, NGX ASeM, NGX Oil & Gas, NGX Growth and NGX Sovereign Bond.

    These declined by 3.65 per cent, 9.56 per cent, 0.76 per cent, 4.80 per cent and 0.57 per cent, respectively.

    Forty-nine equities recorded price gains during the week, lower than the 90 recorded the previous week.

    Fifty-four equities lost value, up from 16 recorded last week, while 44 remained unchanged, compared to 41 previously.

    Top gainers were Eunisell Interlinked Plc, BUA Cement, Associated Bus Company, Industrial and Medical Gases, and Secure Electronic Technology.

    They gained N4.40, N29.40, N1.25, N8.45 and 21k respectively, representing increases of 32.59, 31.28, 28.41, 24.85 and 21.00 per cent.

    Top losers included Academy Press, RT Briscoe, Cutix Plc, Caverton Offshore, and Champion Breweries Plc.

    They lost N2.25, N1.00, 90k, N1.54 and N2.61 respectively during the week.

  • Equity market records N824trn gain

    Equity market records N824trn gain

    The Nigerian stock market closed the week on a positive note on Friday as investors gained N824 billion.

    This was the fourth positive market performance in the week, after a week uptrend in the previous week.

    Market capitalisation surged by 1.00 per cent to reach N83.241 trillion, up from N82.417 trillion recorded on Thursday.

    Similarly, the All-Share Index (ASI) rose by 1,301.79 points, or 1.00 per cent, settling at 131,585.66 from its previous close of 130,283.87.

    This uptrend was fueled by strong buying interest in medium and large-capitalised stocks including Learn Africa, NCR Nigeria, UPDC, Ellah Lakes, BUA Cement and 41 other stocks.

    Also, the market breadth closed positive, with 46 gainers and 25 losers.

    NCR Nigeria led the gainers’ chart leading by 10 per cent, ending the session at N6.60 while Learn Africa also increased by 10 per cent, closing at N6.27 per share.

    UPDC soared by 10 per cent, settling at N4.84 and Ellah Lakes rose by 9.98 per cent, finishing at N10.80 per share.

    Also, BUA Cement gained by 9.98 per cent, closing at N123.40 per share.

    On the flip side, Red Star Express declined by 9.97 per cent, settling at N12.92 while Union Dicon Salt dropped by 9.62 per cent, ending the session at N10.80 per share.

    Academy shed by 6.67 per cent, finishing at N7.00 and Sterling Nigeria lost by 4.34 per cent, closing at N6.17 per share.

    Similarly, First Bank Holding Company fell by 4.10 per cent, settling at N33.95 per share.

    3.35 billion shares worth N62.39 billion shares were traded across 28,593 transactions.

    This is compared to 1.19 billion shares worth N42.76 billion that was exchanged across 37,418 transactions earlier on Thursday.

    Transactions in the shares of First City Monument Bank topped the activity chart with 1.31 billion shares worth N12.63 billion.

    Fidelity Bank followed with 1.15 billion shares valued at N23.04 billion while Access Corporation transacted 113.8 million shares worth N3.07 billion.

    CHAMS sold 92.62 million shares valued at N293.87 million and Zenith Bank traded 50.7 million shares worth N3.66 billion.

  • UBA to raise N157bn via rights issue to boost capital base

    UBA to raise N157bn via rights issue to boost capital base

    United Bank for Africa Plc (UBA) has announced plans to raise N157 billion through a rights issue. The disclosure was made via a notice to the Nigerian Exchange Ltd (NGX).

    It said in a statement on Thursday that its stock brokers, United Capital Securities Ltd., had submitted an application to the Nigerian Exchange Ltd. to that effect.

    It added its stock brokers had requested for approval and listing of a Rights Issue of 3,156,869,665 ordinary shares of 50 Kobo each at N50.00 per share

    “Trading License Holders are hereby notified that United Bank for Africa Plc, through its Stockbrokers, United Capital Securities Ltd., has submitted an application to the Nigerian Exchange Ltd.” in that regard.

    “The rights issue will be on the basis of one new ordinary share for every 13 ordinary shares held as of the close of business on Wednesday, July 16, 2025. The qualification date for the Rights Issue is July 16, 2025,” the bank noted.

    The move is part of UBA’s strategy to strengthen its capital base and support its expansion and growth objectives across Africa.

  • Equity market records N1.44trn gain

    Equity market records N1.44trn gain

    The Nigerian stock market continued on a positive note on Wednesday, adding N1.44 trillion to its value.

    Market capitalisation surged by 1.80 per cent to reach N81.584 trillion, up from N80.143 trillion recorded on Monday.

    Similarly, the All-Share Index (ASI) rose by 2,277.54 points, or 1.80 per cent, settling at 128,967.08 from its previous close of 126,689.54.

    This positive trend was fueled by strong buying interest in medium and large-capitalised stocks including Nestlé Nigeria, Secure Electronic Technology, Omatek and 38 other stocks.

    Meanwhile, the market breadth closed negative, with 45 losers 41 losers.

    On the flip side, FTN Cocoa Processors lost by 10 per cent, closing at N7.02 while NPF Microfinance Bank also dropped by 10 per cent, finishing at N2.43 per share.

    Cileasing fell by 9.97 per cent, ending the session at N7.13 and Champion Breweries declined by 9.96 per cent, closing at N12.29 per share.

    Also, Academy shed by 9.95 per cent, settling at N8.33 per share.

    Nestlé Nigeria led the gainers’ chart, increasing by 10 per cent, settling at N1,650.00 while Eunisell Interlinked Plc also grew by 10 per cent, finishing at N14.85 per share.

    Omatek Ventures gained by 10 per cent, ending the session at N1.76 and Secure Electronic Technology also climbed by 10 per cent, closing at N1.21 per share.

    Tripple Gee rose by 9.92 per cent, finishing at N4.32 per share.

    11.67 billion shares worth N363.4 billion were traded across N36,635 transactions, compared to 1.29 million shares worth N32.2 billon that was exchanged across 39,437 transactions earlier on Monday.

    Transactions in the shares of First Bank Holding Company topped the activity chart with 10.47 billion shares, worth N324.5 billion.

    United Bank for Africa followed with 157.54 million shares, worth N7.62 billion while Access Corporation traded 124.6 million shared valued at N3.27 billion.

    Universal Insurance sold 124.1 million shares worth N89.99 million and Zenith Bank transacted 66.3 million shares valued at N5.1 billion.