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Tag: NGX

  • Nigerian Exchange woos Dangote to list refinery, fertilizer

    Nigerian Exchange woos Dangote to list refinery, fertilizer

    Dr Umaru Kwairanga, Chairman of Nigerian Exchange Group, has called on the Dangote Group to consider listing its refinery and fertilizer businesses on the Nigerian Exchange.

    Kwairanga said this was to enhance transparency, deepen market participation, and promote inclusive economic growth.

    Kwairanga made the call during a courtesy visit to the Dangote Refinery on Wednesday, where he led a delegation of capital market stakeholders on a facility tour of the 650,000 barrels-per-day refinery in Ibeju-Lekki, Lagos.

    The NGX Chairman, in a statement, said that the listing of those companies would enhance transparency, deepen market participation, and promote inclusive economic growth.

    “As we celebrate the remarkable success of this project and other initiatives within the Dangote Group, we look forward with great anticipation to the potential listing of both Dangote Refinery and Dangote Fertilizer on NGX.

    “Such listings would mark a natural next step in the Group’s journey of transparency, market leadership, and inclusive wealth creation.

    “They would also provide investors with additional opportunities to participate in national assets that generate lasting economic value,” he said.

    The NGX Chairman hailed the Dangote Refinery as a monumental symbol of Nigerian resilience and industrial capability.

    He noted that its impact would be far-reaching in enhancing energy security, conserving foreign exchange, creating jobs, and transforming Nigeria into a net exporter of refined petroleum products.

    He commended Alhaji Aliko Dangote, President of the Dangote Group, for his enduring contributions to the Nigerian capital market and private sector development.

    Kwairanga recalled Dangote’s tenure as President of the Council of the Nigerian Stock Exchange, describing him as a visionary whose leadership helped shape the capital market landscape.

    “Through the listing of companies like Dangote Cement Plc, Dangote Sugar Refinery Plc, and NASCON Allied Industries Plc, the Group has significantly deepened market liquidity, enhanced investor confidence, and driven long-term value creation for shareholders,” he said.

    Kwairanga emphasised the role of the private sector in driving innovation and industrial transformation.

    The chairman noted that the visit was more than a tour but a reaffirmation of the NGX’s commitment to connecting investment capital with national development goals.

    He pledged NGX Group’s continued support in creating platforms that mobilise capital, power innovation, and deliver sustainable impact, while working with issuers, regulators, and market participants to build a deep, vibrant, and competitive market.

    The NGX delegation was received by senior executives of the Dangote Group, who conducted the team around the refinery and shared insights into its ongoing operations.

  • Equity market records N1.19trn gain

    Equity market records N1.19trn gain

    The Nigerian stock market closed on a positive note Wednesday, adding N1.185 trillion to its value.

    Market capitalisation surged by 1.57 per cent to reach N76.761 trillion, up from N75.576 trillion recorded on Tuesday.

    Similarly, the All-Share Index (ASI) rose by 1,466.87 points, or 1.22 per cent, settling at 121,257.69 from its previous close of 119,790.82.

    This uptrend was fueled by strong buying interest in medium and large-capitalised stocks including Dangote Sugar, Oando, Cileasing, Champion Breweries and 59 other stocks.

    Also, the market breadth closed positive, with 63 gainers and 17 losers.

    On the gainers’ chart, Dangote Sugar rose by 10 per cent, closing at N48.40 while Oando Plc also increased by 10 per cent, settling at N68.75 per share.

    Cileasing grew by 9.98 per cent, finishing at N5.18 and Champion Breweries soared by 9.98 per cent, ending the session at N10.91 per share.

    Similarly, Computer Warehouse Group gained by 9.95 per cent, closing at N11.60 per share.

    On the flip side, University Press dropped by 6.25 per cent, finishing at N6 while RT Briscoe fell by 6.12 per cent, closing at N2.30 per share.

    Multiverse Mining declined by 4.89 per cent, settling at N8.75 and Meyer shed by 4.69 per cent, ending the session at N9.15 per share.

    Also, Computer Warehouse Group lost by 4.15 per cent, closing at N3 per share.

    A total of 861.67 million shares worth N26.18 billion were exchanged across 22,896 transactions.

    This is compared to 868.68 million shares worth N23.71 billion shares that was were traded across 22,207 transactions earlier.

    Transactions in the shares of Fidelity Bank topped the activity chart with 82.98 million shares worth N1.66 billion.

    Caverton Offshore Support Group followed with 64.18 million shares valued at N319.69 million while Zenith Bank transacted 60.62 million shares worth N3.45 billion.

    Ja Paul Gold traded 56.26 million shares valued at N115.35 million and Access Corporation sold 48.59 million shares worth N1.12 billion.

  • Stock market sustains bullish trend with N754bn gain

    Stock market sustains bullish trend with N754bn gain

    The Nigerian stock market continued its upward trajectory, with a gain of N754 billion on Tuesday.

    Market capitalisation rose by N754 billion or 1.02 per cent, closing at N75.576 trillion when compared to N74.812 trillion recorded on Monday.

    Similarly, the All-Share Index (ASI) climbed by 1,211.17 points or 1.02 per cent to reach 119,790.82 as against 118,579.65 recorded on Monday.

    The upward trend was driven by strong buying interest in medium and large-capitalised stocks, like: Beta Glass, Dangote Sugar, Okomu Oil and 58 others.

    Also, the market breadth closed positive with 61 gainers and 23 losers.

    Beta Glass led the gainers’ Chart by 10 per cent, ending the session at N333.95 while Dangote Sugar also increased by 10 per cent, closing at N44.00 per share.

    Okomu Oil soared by 10 per cent, settling at N748.00 and UPDC Real Estate Investment Trust climbed by 10 per cent, finishing at N3.30 per share.

    Also, Champion Breweries grew by 9.98 per cent, closing at N9.92 per share.

    On the losers’ chart, DAAR Communications fell by 7.81 per cent, settling at 59k while Prestige Assurance shed by 5.56 per cent, closing at N1.02 per share.

    Industrial Medical Gases dropped by 4.30 per cent, finishing at N33.40 and NPF Micro Finance Bank declined by 4.25 per cent ending the session at N2.03 per share.

    Similarly, Aradel Holdings dipped by 4.06 per cent, closing at N515.00 per share.

    A total of 868.68 million shares worth N23.71 billion shares were traded across 22,207 transactions.

    This is in contrast with 653.66 million shares worth N21.33 billion that was exchanged across 22,206 transactions earlier.

    Transactions in the shares of Livingtrust Mortgage Bank topped the activity chart with 112.27 million shares worth N415.68 million.

    Royal Exchange followed with 103.58 million shares valued at N113.79 million while Fidelity Bank transacted 83.93 million shares worth N1.63 billion.

    Access Corporation sold 55.60 million shares valued at N1.26 billion and Zenith Bank traded 34.21 million shares worth 1.77 billion.

  • Equity market opens bullish with N279bn gain

    Equity market opens bullish with N279bn gain

    The Nigerian stock market opened bullish on Monday, leading to N279 billion gains for investors and sustaining the previous week’s gain.

    The positive performance was driven by increased investors interest in large capitalised stocks like Beta Glass, Champion Breweries, FTN Cocoa Processors and 43 other stocks.

    Specifically, the market capitalisation, which opened at N74.533 trillion, added 279 billion or 0.37 per cent to close at N74.812 trillion.

    The All-Share Index also gained 0.37 per cent or 441.43 points, to settle at 118,579.65 against 118,138.22  recorded on Friday.

    Meanwhile, the market breadth also closed positive with 46 gainers and 22 losers.

    Beta Glass led the gainers’ chart, increasing by 10 per cent, setting at N303.60 while Champion Breweries also rose by 10 per cent, finishing at N9.02 per share.

    FTN Cocoa Processors soared by 10 per cent, ending the session at N3.08 and Neimeth International Pharmaceutical gained by 10 per cent, closing at N4.07 per share.

    Also, Presco Plc climbed by 10 per cent, settling at N1,210 per share.

    On the others side,  Julius Berger fell by 7.48 per cent, closing at N117.50 while Chams Holding dropped by 5.09 per cent, settling at N2.05 per share.

    Secure Electronic Technology declined by five per cent, finishing at 57k and Multiverse Mining shed by 4.66 per cent, ending the session at N9.20 per share.

    Similarly, Red Star Express lost by 3.85 per cent, closing at N7.50 per share.

    A total of 653.66 million shares worth N21.33 billion were exchanged across 22,206 transactions.

    This is compared to 522.81 million shares worth N19.68 billion that was traded across 17,706 deals.

    Transactions in the shares of Fidelity Bank topped the activity chart with 141.71 million shares worth N2.66 billion.

    Zenith Bank followed with 46.26 million shares valued at N2.35 billion while Nigerian Breweries transacted 38.09 million shares worth N2.21 billion.

    FTN Cocoa Processors traded 37.98 million shares valued at N115.90 million while Access Corporation sold 37.93 million shares worth N843.74 million.

  • Equity market closes week bullish with N175bn gain

    Equity market closes week bullish with N175bn gain

    The Nigerian stock market continued its bullish trend on Friday, ending the week with N175 billion gain.

    Market capitalisation rose by N175 billion, or 0.24 per cent, to close at N74.533 trillion, up from N74.358 trillion recorded on Thursday.

    Similarly, the All-Share Index (ASI) rose by 277.09 points, or 0.24 per cent, settling at 118,138.22 from its previous close of 117,861.13.

    This uptrend was fueled by strong buying interest in medium and large-capitalised stocks including Legend Internet, Ellah Lakes, Champion Breweries, Guinea Insurance and 33 others.

    Meanwhile, the market breadth closed positive, with 37 gainers and 27 losers.

    Legend Internet led the advancers chart gaining by 10 per cent, closing at N7.92 while Ellah Lakes rose by 9.90 per cent, settling at N5.33 per share.

    Champion Breweries rose by 9.63 per cent, finishing at N8.20 and Guinea Insurance increased by 8.70 per cent, ending the session at 75k per share.

    Similarly, ETranzact saored by 7.52 per cent, closing at N7.15 per share.

    On the flip side, Sunu Assurances shed by 8.62 per cent, ending the session at N4.56 while Northern Nigeria Flour Mills dropped by 8 per cent, closing at N93.20 per share.

    Thomas Wyatt Nigeria fell by 7.83 per cent, settling at N2 and Livestock Feeds declined by 6.90 per cent, finishing at N8.10 per share.

    Also, NEM Insurance decreased by 5.03 per cent, closing at N17.00 per share.

    A total of 522.81 million shares worth N19.68 billion were exchanged across 17,706 transactions.

    This is compared to 893.97 million shares worth N22.03 billion that was traded across 17,257 deals.

    Transactions in the shares of Fidelity Bank topped the activity chart with 38.29 million shares worth N741.49 million.

    Computer Warehouse Group followed with 24.99 million shares valued at N230.83 million while Zenith Bank sold 24.85 million shares worth N1.23 billion.

    WAPIC transacted 24.36 million shares valued at N 48.74 and Access Corporation sold 23.56 million shares worth N517.91 million.

  • Stock market sustains bullish trend with N677bn gain

    Stock market sustains bullish trend with N677bn gain

    The Nigerian stock market continued on a bullish trend on Thursday, gaining N677 billion, representing a two-day positive trend.

    Market capitalisation rose by N677 billion or 0.92 per cent, closing at N74.358 trillion when compared to N73.681 trillion recorded on Wednesday.

    Similarly, the All-Share Index (ASI) climbed 1,074.26 points or 0.92 per cent, reaching 117,861.13 from 116,786.87 recorded on Wednesday.

    The uptrend was driven by strong buying interest in medium and large-capitalised stocks like Ikeja Hotel, Beta Glass, Legend Internet, University Press, Eterna and 38 other stocks.

    The market breadth closed positive with 43 gainers and 20 losers.

    On the gainers’ chart, Ikeja Hotel increased by 10 per cent, closing at N15.40 while Beta Glass rose by 9.98 per cent, ending the session at N276 per share.

    Legend Internet soared by 9.92 per cent, finishing at N7.20 and University Press gained by 9.85 per cent, settling at N6.02 per share.

    Similarly, Eterna climbed by 9.82 per cent, closing at N42.50 per share.

    On the flip side, Guinea Insurance dropped by 9.21 per cent, settling at 69k while Haldane McCall declined by 5.88 per cent, finishing at N4.00 per share.

    C & I Leasing fell by 5.84 per cent, closing at N4.35 and McNichols Plc shed by 5.58 per cent, ending the session at N2.20 per share.

    Also, Fidson Healthcare lost by 4.65 per cent, closing at N41 per share.

    A total of 893.97 million shares worth N22.03 billion was exchanged across 17,257 transactions.

    This is compared to 640.08 million shares valued at N26.01 billion that was traded across 19,727 deals earlier.

    Transactions in the shares of Champion Breweries topped the activity chart with 332.29 million shares valued at N2.27 billion.

    Guaranty Trust Holding Company followed with 62.67 million worth N5 billion while PZ Cussons sold 46.58 million shares valued at N1.48 billion.

    Zenith Bank traded 37.55 million shares worth N1.89 billion and Access Corporation transacted 35.99 million valued N787.11 million.

  • Stock market records N1.18trn gain

    Stock market records N1.18trn gain

    Nigerian stock market rebounded on Wednesday after a two day loss, as investors gained N1.184 trillion.

    Market capitalisation rose by N1.184 trillion, or 1.63 per cent, to close at N73.681 trillion, up from N72.497 trillion recorded on Tuesday.

    Similarly, the All-Share Index (ASI) rose by 1,876.71 points, or 1.63 per cent, settling at 116,786.87 from its previous close of 114.910.16.

    This uptrend was fueled by strong buying interest in medium and large-capitalised stocks including NEM Insurance, Beta Glass, Seplat, Linkage Assurance and 34 other stocks.

    The market breadth closed positive, with 38 gainers and 32 losers.

    NEM Insurance led the advancers’ chart increasing by 10 per cent, settling at N16.50 while Beta Glass rose by 9.99 per cent, finishing at N250.95 per share.

    Seplat Energy gained by 9.79 per cent, closing at N5,450 and Thomas Wyatt Nigeria grew by 9.73 per cent, ending the session at N2.03 per share.

    Similarly, Linkage Assurance soared by 9.56 per cent, closing at N1.49 per share.

    On the flip side, FG132026S1 dropped by 17.70 per cent, ending the session at N80 while Eterna fell by 10 per cent, closing at N38.70 per share.

    Secure Electronic Technology lost by 9.68 per cent, settling at 56k and Legend Internet declined by 9.66 per cent, finishing at N6.55 per share.

    Also, FTN Cocoa Processors shed by 6.07 per cent, closing at N2.63 per share.

    Total turnover stood at 640.08 million shares valued at N26.01 billion, traded across 19,727 deals.

    This is compared to 787.31 million shares valued at N25.67 billion, traded across 23,170 transactions.

    Transactions in the shares of Zenith Bank topped the activity chart with 149.92 million worth N7.21 billion.

    Access Corporation followed with 48.64 million shares valued at N1.01 billion while United Bank for Africa traded 42.99 million shares worth N1.46 billion.

    Nigerian Breweries transacted 37.72 million shares valued at N2.19 while Fidelity Bank sold 30.84 million shares worth N568.54 million.

  • Stock market: Investors suffer N183bn loss

    Stock market: Investors suffer N183bn loss

    The Nigerian stock market extended its losses on Tuesday, with investors recording a decline of N183 billion in total market value.

    Specifically, the Nigerian Exchange Ltd. (NGX) saw its market capitalisation fall to N72.497 trillion from N72.680 trillion recorded on Monday.

    The All-Share Index dropped by 348.61 points or 0.30 per cent, closing at 114,910.16 compared to 115,258.77 in the previous session.

    The decline followed price depreciation in shares of Transcorp Power, Oando, Ellah Lakes, Omatek, Custodian Investment, and 30 other listed companies.

    Market breadth closed negative, with 35 equities declining while 29 posted gains at the end of trading.

    Transcorp Power Plc led the losers, dropping 9.98 per cent to close at N295.70 per share.

    Oando Plc followed with a 9.97 per cent fall, closing at N58.25, while Ellah Lakes shed 9.87 per cent to finish at N4.29.

    Omatek declined by 9.33 per cent, ending at 68k per share, while Custodian Investment Plc dropped 8.63 per cent to settle at N22.75.

    On the gainers’ side, Cileasing rose by 10 per cent to close at N4.62, with Learn Africa also gaining 10 per cent to reach N4.18.

    Mutual Benefits Assurance appreciated 10 per cent to finish at N1.10, while University Press rose 9.82 per cent to end at N5.48.

    Deap Capital Management also advanced by 8.64 per cent, ending the day at 88k per share.

    Total turnover stood at 787.31 million shares valued at N25.67 billion, traded across 23,170 deals.

    This compared with 721.75 million shares worth N22.01 billion exchanged in 22,100 transactions on Monday.

    Zenith Bank led the activity chart, trading 96.23 million shares valued at N4.25 billion.

    Guaranty Trust Holding Company followed with 83.36 million shares worth N6.24 billion, while United Bank for Africa sold 65.16 million shares for N2.11 billion.

    Access Corporation recorded 64.21 million shares valued at N1.30 billion, and Ecobank Transnational Incorporated traded 51.73 million shares worth N1.57 billion.

  • Stock market sheds N108bn

    Stock market sheds N108bn

    The stock market opened the week on a negative note on Monday, with key performance indicators dropping by 0.15 per cent.

    The market capitalisation dropped by N108 billion, or 0.15 per cent, closing at N72.680 trillion, down from N72.788 trillion recorded on Friday.

    Also, the All-Share Index shed 170.77 points or 0.15 per cent, closing at 115,258.77 from the previous close of 115,429.54.

    The downward trend was driven by profit-taking among investors.

    Similarly, the market breadth closed negative with 43 losers and 21 gainers.

    Northern Nigeria Flour Mills led the losers’ chart dropping by 10 per cent, closing at N101.30 while Cileasing fell by 9.68 per cent, finishing at N4.20 per share.

    University Press shed by 9.27 per cent, ending the session at N4.99 and Deap Capital Management declined by 8.99 per cent, settling at 81k per share.

    Also, Learn Africa lost by 8.43 per cent, closing at N3.80 per share.

    On the gainers’ chart, Guinea Insurance increased by 10 per cent, settling at 77k while Ellah Lakes gained by 9.93 per cent, ending the session at N4.76 per share.

    Legend Internet soared by 9.87 per cent, closing at N7.79 and Royal Exchange climbed by 9.68 per cent, finishing at N1.02 per share.

    Fidson Health rose by 9.64 per cent, closing at N42.10 per share.

    A total of 721.75 million shares worth N22.01 billion were exchanged across 22,100 transactions.

    This is compared to 933.26 million shares worth N17.95 billion were traded across 20,500 deals.

    Access Corporation led the activity chart with 92.70 million shares, worth N1.90 billion.

    United Bank for Africa followed with 91.36 million shares valued at N3.09 billion while Zenith Bank sold 76.84 million worth N3.56 billion.

    Fidelity Bank traded 49.99 million shares, valued at N883.99 million and Guaranty Trust Holding Company transacted 40.46 million shares worth N2.85 billion.

  • Stock market gains N486bn in 3 days

    Stock market gains N486bn in 3 days

    The stock market ended the week on a positive note on Friday, recording a gain of ₦486 billion.

    The market only traded for three days as Monday and Thursday were declared public holidays for Eid Kabir and Democracy Day.

    Market capitalisation rose by ₦486 billion or 0.67 per cent, closing at ₦72.788 trillion, up from ₦72.302 trillion on Wednesday.

    The All-Share Index (ASI) gained 770.43 points or 0.67 per cent, closing at 115,429.54, up from its previous 114,659.11.

    Gains were driven by interest in medium and large-cap stocks such as May & Baker, Infinity Trust, Stanbic IBTC, MRS, and others.

    Market breadth also closed positive with 50 gainers compared to 22 losers.

    May & Baker led the gainers, rising by 10 per cent to close at ₦15.40 per share. Infinity Trust Mortgage Bank followed, also gaining 10 per cent to end at ₦7.70 per share.

    Livingtrust Mortgage Bank increased by 10 per cent to close at ₦5.72 per share. Stanbic IBTC climbed 9.98 per cent, ending the session at ₦79.35 per share.

    MRS gained 9.94 per cent to settle at ₦155.90 per share. Northern Nigeria Flour Mills led the laggards, dropping 10 per cent to close at ₦112.55 per share.

    Conoil fell by 9.99 per cent, ending at ₦241.50 per share. Nigerian Enamelware declined by 9.98 per cent to close at ₦18.50 per share.

    University Press dropped 9.84 per cent, settling at ₦5.50 per share. John Holt fell by 9.49 per cent to end at ₦6.20 per share.

    A total of 933.26 million shares worth ₦17.95 billion were traded across 20,500 deals.

    This contrasts with 471.15 million shares valued at ₦14.19 billion traded in 20,538 deals on Wednesday.

    Tantalizer led trading with 420.45 million shares valued at ₦946.06 million. GTCO followed with 35.44 million shares worth ₦2.52 billion.

    Zenith Bank traded 34.72 million shares worth ₦1.75 billion. Computer Warehouse Group recorded 29.81 million shares worth ₦278.19 million.

    First Holdco transacted 27.28 million shares valued at ₦779.16 million.