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Tag: NGX

  • Stock market records N1.086trn gain

    Stock market records N1.086trn gain

    Nigerian stock market continued its bullish trend on Tuesday, recording a N1.086 trillion gain.

    Market capitalisation rose by N1.086 trillion, or 1.57 per cent, to close at N70.38 trillion, up from N69.291 trillion recorded on Monday.

    Similarly, the All-Share Index (ASI) rose by 1,721.29 points, or 1.57 per cent, settling at 111,606.22 from its previous close of 109,884.93.

    This uptrend was fueled by strong buying interest in medium and large-capitalised stocks including Airtel Africa, Omatek, Cornerstone Insurance, Nigerian Aviation Handling Company, University Press, and 31 other equities.

    The market breadth closed positive, with 36 gainers and 21 losers.

    Among the gainers, Airtel Africa climbed by 10 per cent, closing at N2,372.50, while Omatek grew by 9.23 per cent, settling at 71 kobo per share.

    Cornerstone Insurance gained 8.63 per cent, closing at N3.40, and the Nigerian Aviation Handling Company rose by 8.39 per cent to close at N80.75 per share.

    University Press soared by 6.47 per cent, closing the session at N5.10 per share.

    On the losers’ chart, Mc Nicholas dropped by 9.80 per cent, closing at N2.21, while Computer Warehouse Group fell by 9.50 percent, settling at N9.05 per share.

    Champion shed 7.38 per cent, settling at N6.90, and Red Star Express lost 4.62 percent, closing at N6.40 per share.

    Jaiz Bank declined by 4.46 per cent, ending at N3.21 per share.

    A total of 409.57 million shares worth N9.87 billion were exchanged across 15,992 transactions.

    This compares to 414.51 million shares valued at N11.094 billion traded across 19,775 deals earlier.

    Custodian Investment topped the activity chart with 37.59 million shares worth N752.12 million.

    Fidelity Bank followed with 36.99 million shares valued at N676.32 million, while Veritas Kapital Assurance transacted 33.005 million shares worth N34.10 million.

    Zenith Bank sold 27.43 million shares valued at N1.33 billion, and Access Corporation traded 23.69 million shares worth N519.555 million.

    Commenting on the uptrend, Mr David Adonri, Vice Chairman of Highcap Securities Ltd., described the development as a record-breaking performance.

    Adonri noted that the positive trend was driven by the forces of demand and supply, as some major stocks like Airtel Africa and others appreciated.

    “This is indeed a record-breaking performance; this is the first time we are witnessing a surge of that magnitude which impacts the market capitalisation and the All Share Index,” he stated.

    “Currently, we are witnessing what we christen as ‘The Tinubu Boom’.”

  • Stock market open with bullish surge

    Stock market open with bullish surge

    The stock market started the week bullish on Monday, as performance indices climbed by 0.79 per cent.

    Specifically, market capitalisation on the Nigerian Exchange Ltd. rose by N540 billion. It increased from N68.751 trillion last Friday to N69.291 trillion.

    The All-Share Index gained 856.31 points or 0.79 per cent to close at 109,884.93, up from 109,028.62.

    The positive trend followed increased buying interest in medium and large-cap stocks, including Aradel Holdings, University Press, ABC Transport, Linkage Assurance, and 29 others.

    Market breadth ended positive with 33 gainers and 31 losers.

    Aradel Holdings led the gainers, rising 9.98 per cent to close at N505.90 per share.

    University Press increased by 9.86 per cent to finish at N4.79 per share.

    ABC Transport rose 8.43 per cent to close at N2.70, while Linkage Assurance gained 8.16 per cent to end at N1.59 per share.

    C&I Leasing advanced by 7.32 per cent, finishing the session at N4.40 per share.

    On the losing side, Tripple Gee declined by 10 per cent, ending at N2.07 per share.

    MRS fell by 9.97 per cent to close at N114.80 per share.

    Chellaram dropped by 9.96 per cent to end at N10.58, while U H Real Estate fell 9.95 per cent to N45.70.

    Industry and Medical Gases also declined by 9.91 per cent, ending the session at N35.90 per share.

    A total of 414.51 million shares worth N11.094 billion were exchanged across 19,775 deals.

    This was lower than the previous session’s 637.54 million shares worth N18.122 billion across 15,927 deals.

    Fidelity Bank led trading with 46.77 million shares valued at N855.42 million.

    Custodian Investment followed with 37.16 million shares worth N736.18 million.

    Access Corporation traded 35.93 million shares worth N783.69 million.

    Guaranty Trust Holding Company moved 24.95 million shares worth N1.74 billion.

    Zenith Bank transacted 17.94 million shares valued at N862.21 million.

  • Nigerian listed companies paid N1.1trn dividends in 2024 – SEC

    Nigerian listed companies paid N1.1trn dividends in 2024 – SEC

    The Securities and Exchange Commission (SEC) says listed companies on the Nigerian Exchange Ltd. (NGX) declared N1.1 trillion in dividends to shareholders in 2024.

    The Director-General of SEC, Dr Emomotimi Agama, disclosed this in a statement on Sunday.

    Agama said that N1 trillion had already been paid to shareholders out of the N1.1 trillion declared.

    According to him, this reflects improved market confidence and investor returns.

    He said that the commission, between January and December 2024, had approved a total of N3.68 trillion in new issues.

    “This comprised N59.82 billion in fixed income issuances and N3.62 trillion in equities, reflecting strong investor appetite and issuer confidence in the equity segment of our market.

    “For the period spanning January to April 2025, we have so far approved new issues valued at approximately N446.38 billion.

    “Of this amount, N265.90 billion was raised through fixed income instruments, while N180.48 billion was mobilised via equities,” he said.

    Speaking on mergers and acquisitions, Agama said the commission in 2024 approved 11 transactions with an aggregate value of N320.36 billion.

    “Most notable of these was the acquisition of a 58.02 per cent equity stake in Guinness Nigeria Plc by N Seven Nigeria Ltd., valued at over N103.7 billion.

    “There were also three corporate restructuring transactions, two share capital reconstructions, one takeover, and four registrations of securities.

    “Among the notable corporate restructuring transactions was the scheme of arrangement involving Flour Mills of Nigeria Plc, valued at over N105 billion, and the share capital reconstruction by Transnational Corporation Plc, which saw a one-for-four share consolidation amounting to N5.08 billion,” he said.

    Speaking further, he said the commission had approved three major transactions year-to-date worth N38.53 billion.

    “This includes two takeovers and one corporate restructuring. While no mergers have been recorded within the review period, the pace of market activity remains steady, with continued interest in strategic consolidation and reorganisation across key sectors.

    “These activities reflect continued strategic realignments within the market,” he said.

    On collective investment schemes, Agama said that it recorded robust expansion with a combined net asset value of N3.84 trillion as of fourth quarter of 2024.

    “Registered mutual funds reached 184 in number, with a combined net asset value of N3.84 trillion and over 800,000 unitholders.

    “Privately managed portfolios and products grew to 444 vehicles with assets under management totaling N4.69 trillion. In aggregate, 82 active asset management firms oversee N8.53 trillion in investments.

    “These figures reflect a maturing market where professional fund management is increasingly recognised as a critical driver of capital formation and wealth creation.

    “These figures are indicative of sustained activity in the market, particularly as issuers continue to leverage both the debt and equity segments to finance growth and investment,” he said.

  • Investors lose N70bn as stock market indices decline

    Investors lose N70bn as stock market indices decline

    The stock market on Wednesday closed on a negative note, as performance indices dipped by 0.10 per cent.

    Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation dropped by N70 billion, falling to N68.895 trillion from N68.965 trillion on Tuesday.

    The All-Share Index also declined by 111.37 points or 0.10 per cent to close at 109,619.10 down from 109,730.47 recorded earlier.

    The downturn was due to sell pressure in banking stocks and cautious trading.

    Meanwhile, the market breadth closed mixed with 29 losers and 29 gainers.

    On the gainers’ chart, RT Briscoe increased by 10 per cent to close at N2.09 while Eunisell Interlinked Plc soared by 9.75 per cent, closing at N12.95 per share.

    Livestock Feeds rose by 9.61 per cent, settling at N8.90 and Linkage Assurance grew by N9.46 per cent, finishing at N1.62 per share.

    Similarly, Meyer Plc gained by 8.89 per cent, closing at N9.80 per share.

    On the flip chart, Champion Breweries lost by 10 per cent, ending the session at N7.20 while Lasaco Insurance also dropped by 10 per cent, closing at N2.52 per share.

    Mc Nicholas fell by 9.45 per cent  settling at N2.30 and Multiverse Mining shed by 7.22 per cent, closing at N9 per share.

    Sovereign Trust Insurance declined by 6.80 per cent, finishing at 96k per share.

    A total of 664.16 million shares worth N12.996 billion were exchanged across 19,439 transactions.

    This is compared to 497.06 million shares worth N13.213 billion that was exchanged across 18,795 transactions earlier.

    Transactions in the shares of Japaul Gold topped the activity chart with 90.02 million worth N186.47 million.

    Tantalizer followed with 82.75 million shares valued at N231 million while Fidelity Bank sold 67.69 million shares worth N1.26 bilion.

    Nigerian Breweries transacted 52.24 million shares valued at N3.132 billion and Custodian Insurance traded 36.49 million shares worth N719.28 million.

  • Equity market gains N20bn

    Equity market gains N20bn

    The stock market on Tuesday recorded a positive trend after a day of bearish notes, as key performance indicators soared by 0.03 per cent.

    Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation increased by N20 billion, or 0.03 per cent, to N68.965 trillion from N68.945 trillion recorded on Monday.

    The All-Share Index also grew by 0.03 per cent, or 32.64 points, to close at 109,730.47, up from 109,697.83 posted on Monday.

    The uptrend was driven by cautious trading following the outcome of the 300th meeting of the Monetary Policy Committee (MPC), which held on Monday and Tuesday.

    Meanwhile, the market breadth closed negative, with 32 losers and 31 gainers.

    On the losers’ chart, Berger dropped by 9.98 per cent, closing at N21.20, while Mutual Benefits Assurance shed 9.80 per cent, settling at 92 kobo per share.

    ABC fell by 9.77 per cent, ending the session at N2.40, and Aradel Holdings Plc declined by 8.55 per cent, closing at N460 per share.

    Additionally, Caverton Offshore Support Group lost 7.09 per cent, finishing at N3.80 per share.

    On the gainers’ chart, Nestlé grew by 10 per cent, settling at N1,464.10, while Regalins also rose by 10 per cent, closing at 66 kobo per share.

    Tripple G increased by 10 per cent, finishing at N2.20, and Tantalizer soared by 9.88 per cent, settling at N2.78 per share.

    Similarly, Multiverse Mining gained 9.60 per cent, closing at N9.70 per share.A total of 497.06 million shares worth N13.213 billion were exchanged across 18,795 transactions.

    This compares to 486.09 million shares worth N11.38 billion that were traded across 24,883 deals earlier on Monday.

    Transactions in the shares of Fidelity Bank topped the activity chart with 60.18 million shares worth N1.120 billion.

    United Bank for Africa followed with 36.39 million shares valued at N1.26 billion, while Custodian Insurance sold 35.64 million shares worth N698.80 million.

    Tantalizer traded 27.59 million shares valued at N76.43 million, and United Capital transacted 26.74 million shares worth N496.39 million.

    The Monetary Policy Committee (MPC) of the Central Bank of Nigeria retained the Monetary Policy Rate (MPR) at 27.50 per cent with the asymmetric corridor around the MPR at +500bps/-100bps.

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

    Reacting to the resolution, Mr David Adonri, Vice Chairman of the Board at Highcap Securities Ltd., said the resolution would not change any monetary parameter as it aligned with the expectations of many analysts.

    “On the two sides of the coin, there are cases of negative things that will affect the economy and positives as well. Both appeared to have nullified themselves.

    “The positive indicators remain the financial status of the Federal Government which has improved considerably, looking at the massive foreign reserves and stability in the foreign exchange market.

    “Also on a positive note, the first-quarter Gross Domestic Product (GDP) may also show an improvement and the increasing crude oil production.

    “On the flip side, we have threats to the economy through insecurity that is affecting rural production and the intention of the U.S. Congress to impose a levy on diaspora remittance,” he said.

  • Stock market sheds N8bn on profit-taking

    Stock market sheds N8bn on profit-taking

    The stock market began the week with a slight downturn on Monday, as key performance indicators dipped by 0.01 per cent.

    Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation decreased by N8 billion, or 0.01 per cent, closing at N68.945 trillion, down from N68.953 trillion recorded on Friday.

    Similarly, the All-Share Index fell by 0.01 per cent or 12.54 points to close at 109,697.83, compared to the previous close of 109,710.37.

    This decline, following four days of upward movement, was largely due to investors taking profits.

    Market sentiment was positive, with 46 stocks gaining value and 23 stocks declining in spite of the overall bearish trend.

    On the gainers’ chart, Ikeja Hotel soared by 10 per cent, settling at N15.40, while Tantalizer also grew by 10 per cent, closing at N2.53 per share.

    Beta Glass rose by 9.98 per cent, finishing at N258.50 and Champion Breweries gained by 9.97 per cent, ending the session at N7.50 per share.

    Similarly, Northern Nigeria Flour Mills increased by 9.97 per cent, closing at N131.85 per share.

    On the flip chart, The Initiates declined by 10 per cent, finishing at N6.12 while ABC Transport dropped by 9.83 per cent, closing at N2.66 per share.

    University Press lost by 9.77 per cent to close at N3.97 and FTN Cocoa Processors fell by 9.65 per cent, settling at N2.34 per share.

    Also, RT Briscoe shed by 9.52 per cent, closing at N1.90 per share.

    A total of 486.09 million shares worth N11.38 billion were exchanged across 24,883 transactions.

    This is in contrast with 431.78 million shares worth N8.599 billion that was exchanged across 16,400 transactions on Friday.

    Transactions in the shares of Access Corporation topped the activity chart with 45.12 million shares worth N1.05 billion.

    Fidelity Bank followed with 39.41 million shares valued at N799.699 million while Guaranty Trust Holding Company traded 32.44 million worth N2.207 billion.

    Cutix transacted 24.09 million shares valued at N67.02 million and United Bank for Africa sold 20.59 million shares worth N716.69 million.

    Reacting to the market activity and mild decline, Mr Tajudeen Olayinka, Chief Executive Officer of Wyoming Capital and Partners, described the market as a balanced one.

    Olayinka said the decline was as a result of profit-taking after a four-day bullish trend which he said was a normal development.

    Reacting to the market activity and mild decline, Mr Tajudeen Olayinka, Chief Executive Officer of Wyoming Capital and Partners, described the market as balanced.

    Olayinka attributed the slight dip to profit-taking following a four-day bullish trend, adding that it as a normal market correction.

    “The decline was not so significant; it is expected that after some days of bullish performance, profit-takers will want to realise their gains. It’s a balanced market anyway,” he stated.

  • Stock market gains N151bn on buying interest

    Stock market gains N151bn on buying interest

    The Nigerian Exchange Ltd. (NGX) closed on a positive note on Friday, as the stock market gained N151 billion, driven by strong investor interest in select equities.

    The market capitalisation rose by N151 billion or 0.23 per cent to close at N66.647 trillion, up from N66.496 trillion recorded on Wednesday.

    Similarly, the All-Share Index (ASI) appreciated by 241.72 points or 0.23 per cent to close at N106,042.57, compared to 105,800.85 in the previous session.

    The rally was largely supported by buying interest in stocks such as Access Corporation, United Bank for Africa, CHAMS Holding Plc and more.

    However, the market breadth closed negative with 41 losers and 29 gainers.

    On the losers’ chart, FG132036S2 declined by 20 per cent, closing at N20.00 while DAAR Communications fell by 10 per cent, to close at 54k per share.

    Vitafoam dropped by 9.94 per cent, to close at N47.55 and Multiverse shed by 9.93 per cent, settling at N6 35 per share.

    Similarly, Eterna lost by 9.91 per cent, to close at N45.00 per share.

    On the gainers’ chart, Cadbury Nigeria increased by 10 per cent, to finish at N31 90 while the Nigerian Aviation Handling Company also soared by 10 per cent, to close at N82.50 per share.

    The Initiates Plc rose by 10 per cent, ending the session at N4.95 and Beta Glass grew by 9.96 per cent, closing at N109.80 per share.

    Also, Caverton Offshore Support Group gained by 9.92 per cent, to close at N2.66 per share.

    A total of 573.33 million shares worth N15.254 billion were traded across 18,554.

    This is in contrast with 392.99 million shares worth N12.755 billion exchanged across 17,519 transactions earlier.

    Transactions in the shares of Access Corporation topped the activity chart with 52.82 million shares worth N1.157 billion.

    CHAMS Holding Plc followed with 51.56 million shares valued at N108.86 million while United Bank for Africa sold 35.98 billion shares worth N1.26 billion.

    First City Monument Bank traded 34.52 million shares valued at N314.64 million and Guaranty Trust Holding Company transacted 31.86 million shares worth N2.05 billion.

  • Transactions on NGX down 23.15%, investors lose N9bn

    Transactions on NGX down 23.15%, investors lose N9bn

    Stock market investors traded 1.525 billion shares worth N43.006 billion in 51,156 transactions this week on the floor of the Nigerian Exchange Ltd.

    This is in contrast to 2.094 billion shares valued at N52.967 billion that exchanged hands last week in 64,612 deals.

    Consequently, the value of transactions traded by investors on the Exchange dropped by 23.15 per cent as investors lost N9.961 billion.

    Meanwhile, the market opened for four trading days this week as the Federal Government declared Friday, April 18 and Monday, April 21 as public holidays to commemorate the 2025 Easter celebration.

    Trading in the top three equities, namely Access Holdings Plc, Fidelity Bank Plc, and Universal Insurance Plc, accounted for 448.105 million shares worth N6.730 billion in 6,481 deals.

    This contributed 29.39 per cent and 15.65 per cent to the total equity turnover volume and value, respectively.

    The Financial Services sector led the activity chart with 1.122 billion shares valued at N24.015 billion traded in 28,818 deals.

    This contributed 73.56 per cent and 55.84 per cent to the total equity turnover volume and value, respectively.

    The ICT industry followed with 101.252 million shares worth N4.819 billion in 2,541 transactions.

    The third place was the Services Industry, with a turnover of 99.776 million shares worth N1.230 billion in 3,063 transactions.

    The NGX All-Share Index and market capitalisation depreciated by 0.32 per cent to close the week at 104,233.81 and N65.499 trillion, respectively.

    Similarly, all other indices finished lower with the exception of NGX Premium, NGX Pension, NGX MERI Growth, NGX Consumer Goods, NGX Oil & Gas, NGX Lotus II, NGX Growth, NGX Sovereign Bond, and NGX Pension Broad Indices, which appreciated by 0.57 per cent, 0.42 per cent, 2.67 per cent, 2.33 per cent, 0.20 per cent, 0.16 per cent, 0.26 per cent, 0.39 per cent, and 0.55 per cent, respectively.

    NGX ASeM and NGX Commodity indices closed flat.

    Thirty-one equities appreciated in price during the week, higher than 27 equities in the previous week.

    Forty-four equities depreciated in price, lower than 56 in the previous week, while 72 equities remained unchanged, higher than 64 recorded in the previous week.

    The top five decliners for the week were Guaranty Trust Holding Company, Zenith Bank, DAAR Communications, Caverton Offshore Support Group and RT Briscoe as they lost N9, N5.95, 7k, 27k, and 22k, respectively.

    ABBEY Mortgage Bank, Nigerian Breweries, Associated Bus Company, Livestock Feeds and Unilever Nigeria were the top five gainers, and they grew by 46.17 per cent, 13.13 per cent, 12.70 per cent, 11.24 per cent, and 9.65 per cent, respectively.

    The companies gained N2.83, N4.20, 16k, 96k, and N3.35, respectively.

  • NGX records N445bn loss amid mixed trading

    NGX records N445bn loss amid mixed trading

    Trading on the Nigerian Exchange Ltd. (NGX) ended negatively on Wednesday, with market capitalisation falling by N445 billion after a day of positive performance.

    The NGX market capitalisation dropped by N445 billion, or 0.68 per cent, closing at N65.259 trillion, down from Tuesday’s N65.704 trillion.

    Similarly, the All-Share Index declined by 0.68 per cent, shedding 708.14 points to settle at 103,851.88 from the previous day’s 104,560.02.

    In spite of the losses, market breadth remained positive, recording 25 gainers compared to 20 losers by the end of trading.

    On the gainers’ chart, ABBEY Mortgage Bank rose by 9.99 per cent, closing at N8.15 per share.

    Sovereign Trust Insurance gained 7.69 per cent, ending the day at 98k per share.

    Nigerian Exchange Group climbed 7.30 per cent, closing at N33.80, while Fidelity Bank advanced 6.74 per cent to N18.20 per share.

    Deap Capital Management also appreciated, gaining 6.67 per cent to close at 96k per share.

    Conversely, Industrial & Medical Gases declined by 10 per cent to close at N34.20 per share.

    Guinea Insurance dropped by 9.52 per cent, settling at 57k per share at market close.

    UPDCREIT fell 8.20 per cent to N5.60, while DAAR Communications lost 7.94 per cent, ending at 58k per share.

    C&I Leasing also dipped, dropping 7.89 per cent to close at N3.50 per share.

    In total, 351.65 million shares worth N13.710 billion were traded in 12,141 transactions.

    This contrasts with Tuesday’s 368.76 million shares worth N10.87 billion, traded in 13,228 deals.

    Access Corporation led trading with 68.201 million shares exchanged, valued at N1.487 billion.

    Guaranty Trust Holding Company followed, trading 36.78 million shares worth N2.171 billion.

    First City Monument Bank traded 28.77 million shares valued at N261.89 million during the session.

    United Bank for Africa sold 26.399 million shares worth N830.87 million.

    Chams Plc closed the list with 24.62 million shares traded, valued at N53.34 million.

  • Stock market rebounds with N19bn gain

    Stock market rebounds with N19bn gain

    The Nigerian Exchange Ltd. (NGX) rebounded on Tuesday, breaking a two-day bearish run with a market gain of N19 billion.

    The NGX market capitalisation rose by N19 billion or 0.03 per cent, ending at N65.704 trillion, up from N65.685 trillion on Monday.

    Similarly, the All-Share Index (ASI) added 30.40 points or 0.03 per cent to close at 104,560.02, compared to 104,529.62 previously.

    However, market breadth closed negative, recording 29 decliners against 25 advancers.

    Northern Nigeria Flour Mills topped the losers’ chart, shedding 9.97 per cent to close at N79.00 per share.

    The Initiates Plc fell by 9.57 per cent, ending the day at N4.25 per share.

    Caverton Offshore declined by 9.06 per cent, to close trading at N2.31 per share.

    WAPIC Insurance dropped by 8.85 per cent, finishing at N2.06 per share.

    Guinea Insurance also lost 8.70 per cent, closing at 63k per share.

    On the gainers’ chart, ABBEY Mortgage Bank rose by 9.94 per cent to close at N7.41 per share.

    Unilever Nigeria gained 9.65 per cent, with its share price closing at N38.05.

    Learn Africa appreciated by 8.33 per cent to settle at N3.25 per share.

    FG132026S1 increased by 8.00 per cent, closing at N97.20 per share.

    Secure Electronic Technology advanced by 7.41 per cent, ending at 58k per share.

    In total, 368.76 million shares worth N10.87 billion were exchanged in 13,228 transactions.

    This compares to 428.16 million shares worth N10.518 billion traded across 14,583 deals previously.

    Fidelity Bank led the activity chart with 47.431 million shares valued at N866.95 million.

    Access Corporation followed with 28.048 million shares worth N592.21 million traded.

    Zenith Bank exchanged 23.120 million shares worth N1.146 billion during the session.

    UBA transacted 21.97 million shares valued at N690.49 million.

    First City Monument Bank recorded 20.805 million shares traded, worth N185.11 million.