Tag: NGX

The Nigerian stock market opened bullish on Monday, leading to N340 billion in gains for investors. It also sustained the previous week’s five-day upward trend.

The uptrend was driven by increased investors interest in stocks like: Ikeja Hotel, Transcorp, Okomu Oil and and 42 other stocks.

Specifically, the market capitalisation, which opened at N79.803 trillion, added 340 billion or 0.43 per cent to close at N80.143 trillion.

The All-Share Index also gained 0.43 per cent or 539.95 points, to settle at 126,689.54 against 126,149.59 recorded on Friday.

Meanwhile, the market breadth also closed positive with 45 gainers and 36 losers.

Secure Electronic Technology led the advancer chart, increasing by 10 per cent, closing at N1.10 while ABBEY Mortgage Bank soared by 9.99 per cent, settling at N7.60 per share.

Ikeja Hotel gained by 9.95 per cent, finishing at N22.10 and Mc Nicholas grew by 9.92 per cent, ending the session at N4.32 per share.

Also, Tripple Gee rose by 9.78 per cent, closing at N3.93 per share.

On the flip side, Cutix dropped by 10 per cent, settling at N4.14 while RT Briscoe also declined by 10 per cent, ending the session at N3.96 per share.

Tantalizer lost by 10 per cent, finishing at N2.70 and Caverton Offshore Support Group also shed by 10 per cent, closing at N7.20 per share.

Neimeth International Pharmaceutical gained by 9.95 per cent, settling at N8.24 per share.

A total of 1.29 million shares worth N32.2 billon were traded across 39,437 transactions, compared to 1.39 billion shares worth N30.55 billion that was exchanged across 33,399 transactions earlier.

Transactions in the shares of Access Corporation topped the activity chart with 138.03 million shares worth N3.50 billion.

Ja Paul Gold followed with 93.37 million shares valued at N292.93 million while AIICO Insurance traded 93.36 million shares worth N220.55 million.

United Bank for Africa sold 68.79 million shares valued at N3.05 billion and Jaiz Bank transacted 59.65 million shares worth N231.09 million.

Reacting to the market performance, Mr Tajudeen Olayinka, Chief Executive Officer of Wyoming Capital and Partners, said, “This is a good development. It is normal, and this appears to be some investors bringing huge funds into the market.

“However, we should expect some sessions of profit-taking in the coming days.”

The Nigerian stock market continued its upward trajectory, with a gain of N212 billion on Wednesday. This marks the third positive trading session in a week.

Market capitalisation rose by N212 billion or 0.28 per cent, closing at N76.970 trillion when compared to N76.758 trillion recorded on Tuesday.

Similarly, the All-Share Index (ASI) climbed by 335.74 points or 0.28 per cent to reach 121,989.67 as against 121,653.93 recorded on Tuesday.

The upward trend was driven by increased buying interest in stocks like: Omatek, Red Star Express, RT Briscoe, Cileasing and 56 other stocks.

Also, the market breadth closed positive with 60 gainers and 21 losers.

FG20203151 led the gainers chart, increasing by 12.10 per cent, closing at N108.20 while Omatek grew by 10 per cent, ending the session at N1.21 per share.

RT Briscoe rose by 10 per cent, settling at N3.85 and Red Star Express also climbed by 10 per cent, finishing at N11.11 per share.

Similarly, Cileasing soared by 10 per cent, closing at N7.26 per share.

On the flip side, Legend Internet dropped by 8.05 per cent, settling at N8 while Guinea Insurance declined by 7.14 per cent, finishing at N1.04 per share.

Eterna fell by 4.65 per cent, closing at N41 and ETranzact lost by 4.44 per cent, ending the session at N8.60 per share.

Regalins shed by 4.35 per cent, finishing at 88k per share.

888.70 million shares worth N15.609 were traded across 24,303 transactions, compared to the previous day’s N1 billion shares worth N19.48 billion that was exchanged across 24,770 transactions.

Transactions in the shares of Ja Paul Gold led the activity chart with 137.34 million shares worth N410.88 million.

Access Corporation followed by 83.04 million shares valued at 1.85 billion while AIICO Insurance traded 50 million shares worth N95.3 million.

Universal Insurance sold 41.95 million shares valued at N30.52 million and Ellah Lakes transacted 31.94 million shares worth N330.97 million.

The Nigerian stock market opened the week on a  bullish note on Monday, leading to N193 billion gains for investors and sustaining the previous week’s gain.

Specifically, the market capitalisation, which opened at N76,339 trillion, added 193 billion or 0.25 per cent to close at N76.532 trillion.

The positive performance was driven by increased investors interest in large capitalised stocks like Cadbury, Ellah Lakes, Tripple Gee, UPDCreit, Red Star Express and 50 others.

The All-Share Index also gained 0.25 per cent or 305.67 points, to settle at 121,295.33 against 120,989.66 recorded on Friday.

Also, the market breadth closed positive with 55 gainers and 23 losers.

Cadbury Nigeria led the advancers chart, increasing by 10 per cent, closing at N53.35 and Ellah Lakes also soared by 10 per cent, settling at N8.91 per share.

Tripple Gee rose by 10 per cent, ending the session at N2.97 while UPDCREIT also climbed by 10 per cent, finishing at N7.15 per share.

Also, Red Star Express grew by 9.92 per cent, closing at N9.20 per share.

On the flip side, Sunu Assurances shed by 10 per cent, settling at N4.50 while RT Briscoe declined by 9.59 per cent, finishing at N3.30 per share.

Prestige dropped by 9.09 per cent, closing at N1.20 and UPDC fell by 8.23 per cent, ending the session at N4.35 per share.

Berger Paints lost by 7.58 per cent, closing at N30.50 per share. 923.7 million shares worth N11 billion that was exchanged across 25,680 transactions earlier recorded.

Transactions in the shares of Universal Insurance topped the activity chart with 71.92 million shares worth N48.94 million.

First City Monument Bank followed with 61.4 million shares valued at N564.78 million while Ja Paul Gold transacted 53.34 million shares worth N136.1 million.

Access Corporation sold 42.02 million shares valued at N942.81 million and AIICO Insurance traded 40.10 million shares worth N64.84 million.

The stock market, on Friday, closed the week with mixed performances as investors lost N244 billion after two days gain.

The market capitalisation dropped by N244 billion, or 0.32 per cent, closing at N76.339 trillion, down from Thursday’s N76.583 trillion.

However, the All-Share Index grew by 0.01 per cent, increasing by 12.46 points to settle at 120,989.66 from the previous day’s 120,977.20.

The market breadth closed positive, recording 39 gainers compared to 27 losers by the end of trading.

On the gainers’ chart, Champion Breweries grew by 10 per cent, settling at N13.20 while John Holt also soared by 10 per cent, finishing at N7.70 per share.

Red Star Express increased by 9.99 per cent, closing at N8.37 and UPDC rose by 9.98 per cent, ending the session at N4.74 per share.

Also, Academy gained by 9.98 per cent, closing at N6.17 per share.

On the decliners’ chart, Ellah Lakes dropped by 10 per cent, setting at N8.10 and PZ Cussons also fell by 10 per cent, closing at N32.40 per share.

Ja Paul Gold declined by 9.70 per cent, ending the session at N2.70 while Royal Exchange shed by 9.49 per cent, finishing at N1.24 per share.

Mc Nicholas lost by 8.85 per cent, closing at N2.78 per share.

923.7 million shares worth N11 billion were exchanged across 25,680 transactions, compared to 933.40 million shares worth N29.31 billion that was traded across 24,207 transactions earlier on Thursday.

Transactions in the shares of Ja Paul Gold topped the activity chart with 147.1 million shares valued at N421.62.

WAPIC Insurance followed with 44.53 million shares worth 94.6 million while Access Corporation transacted 43.63 million shares valued at N984.3 million.

Conhall Plc sold 42.81 million shares worth N122.4 million and CHAMS traded 42 million shares valued at N107.89 million.

The stock market continued on a positive note on Thursday, as performance indices grew by 0.53 per cent amid increased buying interest and bargain hunting.

Market capitalisation rose by N403 billion, or 0.53 per cent, to close at N76.583 trillion, compared with N76.180 trillion on Wednesday.

Similarly, the All-Share Index (ASI) also increased by 637.27 points, or 0.53 per cent, to settle at 120,977.20.

The gain was driven by strong buying interest in medium and large-capitalised stocks such as Academy, Berger Paints, Deap Capital, Guinea Insurance, Unilever and 50 others.

Meanwhile, the market breadth also closed positive with 55 gainers and 15 losers.

On the gainers’ chart, Academy rose by 10 per cent, closing at N5.61 while Berger Paints also soared by 10 per cent, settling at N33 per share.

Deap Capital Management climbed by 10 per cent, ending the session at N1.10 while Guinea Insurance also gained by 10 per cent, finishing at 99k per share.

Similarly, Unilever grew by 9.96 per cent, closing at N56.85 per share.

On the other side, Neimeth International Pharmaceutical dropped by 8.49 per cent, settling at N7.22 while Legend Internet fell by 7.98 per cent, closing at N7.73 per share.

Computer Warehouse Group declined by 4.50 per cent, finishing at N13.80 and Sovereign Trust Insurance shed by 4.35 per cent, ending the session at N1.32 per share.

Also, VFD Group lost by 3.57 per cent, closing at N13.50 per share.

A total of 933.40 million shares worth N29.31 billion was traded across 24,207 transactions.

This is compared to 1.05 billion shares worth N12.17 billion that was exchanged across 21,964 transactions earlier.

Transactions in the shares of Universal Insurance topped the activity chart with 67.33 million shares worth N40.67 million.

This is followed by Access Corporation with 62.62 million shares valued at N1.46 billion while CHAMS sold 59.74 million shares worth N147.10 million.

Ja Paul Gold transacted 49.46 million shares valued at N147.88 million and Guaranty Trust Holding Company traded 40.64 million shares worth N3.37 billion.

The Nigerian Exchange Ltd. (NGX) rebounded on Wednesday, reversing four days of bearish trend with a gain of N378 billion.

The NGX market capitalisation rose by N378 billion representing 0.5 per cent, closing at N76.179 trillion, up from N75.801 trillion on Tuesday.

Similarly, the All-Share Index (ASI) increased by 598.67 points or 0.5 per cent, closing at 120,339.90, compared to 119,741.23 in the previous session.

The uptrend was driven by renewed investors’ interest in stocks like Cileasing, Cutix, Ellah Lakes, International Energy Insurance, Omatek and 56 others.

Also, the market breadth closed positive with 61 gainers and 16 losers.

On the advancers’ chart, Cileasing grew by 10 per cent, settling at N5.06 while Cutix also increased by 10 per cent, finishing at N3.96 per share.

Ellah Lakes soared by 10 per cent, closing at N9.24 and International Energy Insurance also rose by 10 per cent, ending the session at N1.98 per share.

Omatek Ventures gained by 10 per cent, closing at 88k per share.

On the decliners’ chart, Deap Capital dropped by 9.09 per cent, settling at N1.00 while John Holt decreased by 5.41 per cent, finishing at N7.00 per share.

Dangote Sugar declined by 5.32 per cent, ending the session at N44.50 and Universal Insurance fell by 4.76 per cent, finishing at 60k per share.

Oando shed by 4.73 per cent, closing at N52.35 per share.

1.05 billion shares worth N12.17 billion were exchanged across 21,964 transactions.

This is in contrast with 527.1 million shares worth N11.28 billion that was traded across 21,546 transactions earlier on Tuesday.

Transactions in the shares of Royal Exchange topped the activity chart with 218.7 million shares worth N229.11 million.

This is followed by Ja Paul Gold with 174.1 million shares valued at N473.44 million while Ellah Lakes transacted 83.5 million shares worth N762.23 million.

Wema Bank sold 71.13 million shares valued at N1.1 billion and CHAMS traded 37.6 million shares worth N87.14 million.

Reacting to the uptrend market performance, Mr Aruna Kebira, Managing Director of Globalview Capital Ltd., said, “The market has matured. The activities at the money market arena are revealing that the body language of the government is not more aggressive in borrowing.

“Rates are tanking, and there is a capital flight into the stock market. Liquidity is what is driving the prices of up.

“The market is moving every stock for now until the release of Q2 2025 market results, where it would discriminate against poor performers to arrive an equilibrium.

“Meanwhile, liquidity and expectation of interim dividends and capital market activities on the part of most issuers are responsible for the current bullish run.”

The Nigerian Stock Market ended the week bearish on Friday, with investors recording a loss of N491 billion.

Market capitalisation declined by N491 billion or 0.64 per cent, closing at N75.962 trillion from N76.453 trillion on Thursday.

Similarly, the All-Share Index dropped by 776.92 points or 0.64 per cent to 119,995.76 from 120,772.68 recorded previously.

The negative performance was driven by selloffs in stocks such as Legend Internet, BUA Cement, FTN Cocoa Processor, Oando and 28 others.

The market breadth also closed negative, with 32 stocks declining and 28 advancing.

Legend Internet led the losers, falling 9.98 per cent to close at N8.03 per share.

BUA Cement followed, dropping 9.92 per cent to close at N95.40 per share.

FTN Cocoa Processor declined 9.76 per cent, settling at N3.33, while Oando lost 8.72 per cent to close at N56.50.

McNichols also shed 8.44 per cent, finishing at N2.17 per share.

On the gainers’ chart, Neimeth Pharmaceuticals rose 10 per cent to close at N5.94 per share.

Learn Africa advanced by 9.91 per cent, ending the day at N5.10 per share.

Mecure gained 9.91 per cent to settle at N12.20, while Academy rose 9.44 per cent to N5.10 per share.

Smart Products Nigeria also increased by 9.09 per cent, closing at 60k per share.

A total of 625.78 million shares valued at N12.78 billion were traded in 21,800 transactions.

This contrasts with 892.97 million shares worth N18.23 billion traded in 25,375 transactions previously.

Ja Paul Gold led trading activity with 88.26 million shares worth N192.04 million.

It was followed by 80.04 million shares valued at N555.75 million in transactions.

Access Corporation sold 56.02 million shares worth N1.25 billion in trades.

Caverton recorded 53.98 million shares valued at N271.15 million.

Zenith Bank traded 30.55 million shares worth N1.76 billion.

The Nigerian stock market closed on a negative note on Thursday with key performance indicators dropping by 0.4 per cent. This is after a three-day consecutive downtrend.

The market capitalisation dropped by N308 billion, or 0.4 per cent, closing at N76.453 trillion, down from N76.761 trillion recorded on Wednesday.

Also, the All-Share Index shed 485.01 points or 0.4 per cent, closing at 120,772.68 from the previous close of 121,257.69.

The downward trend was driven by profit-taking among investors. Similarly, the market breadth closed negative with 37 losers and 33 gainers.

Thomas Wyatt Nigeria led the losers’ chart, declining by 10 per cent, closing at N2.07 while Nigerian Aviation Handling Company dropped at 9.99 per cent, settling at N91 per share.

Oando Plc fell by 9.96 per cent, closing at N61.90 and ABC Transport lost by 8.92 per cent, finishing at N2.45 per share.

Similarly, Champion Breweries shed by 8.34 per cent, closing at N10 per share.

On the gainers’ chart, SFS Real Estate Investment Trust rose by 10 per cent, closing at N249.25 while Unilever also soared by 10 per cent, settling at N51.70 per share.

Neimeth International Pharmaceutical increased by 9.98 per cent, ending the session at N5.40 and UACN gained by 9.97 per cent, finishing at N38.05 per share.

Also, CAP Plc grew by 9.92 per cent, settling at N47.10 per share.

A total of 892.97 million shares worth N18.23 billon was exchanged across 25,375 transactions.

This is in contrast with 861.67 million shares worth N26.18 billion that was exchanged across 22,896 transactions earlier on Wednesday.

Transactions in the shares of Ellah Lakes topped the activity chart with 113.49 million shares worth N851.09 billion.

Access Corporation followed with 76.19 million valued at N1.74 billion while Caverton Offshore Support Group sold 64.86 million shares worth N334.83 million.

Ja Paul Gold traded 61.56 million shares valued at N126.66 million and Zenith Bank transacted 60.30 million shares worth N3.47 billion.