Tag: NGX

Investors in the Nigerian stock market traded a total turnover of 3.132 billion shares worth N76.552 billion in 61,456 deals this week on the floor of the Exchange.

The Nigerian Exchange Ltd.(NGX) weekly report made available in Lagos, said this in contrast to 2.252 billion shares valued at N58.831 billion that exchanged hands last week in 63,657 deals.

Consequently, the value of transactions traded by investors on the Exchange  advanced by 30.12 per cent.

The Financial Services Industry measured by volume led the activity chart with 2.336 billion shares valued at N33.014 billion traded in 27,100 deals.

This contributed 74.59 and 43.13 per cent to the total equity turnover volume and value respectively.

The Services industry followed with 284.988 million shares worth N807.646 million in 4,638 deals.

Third place was the Consumer Goods Industry, with a turnover of 139.010 million shares worth N5.704 billion in 6,469 deals.

Trading in the top three equities namely, Wema Bank Plc, Secure Electronic Technology Plc and Access Holdings Plc, measured by volume accounted for 1.437 billion shares worth N15.406 billion in 5,292 deals.

This contributed 45.89 and 20.13 per cent to the total equity turnover volume and value respectively.

Accordingly, the NGX All-Share Index and Market Capitalisation appreciated by 1.22 per  cent and 1.26 per cent to close the week at 103,598.30 and N63.645 trillion respectively.

This was against 102,353.68 and N62.851 trillion respectively recorded in the previous week.

As result investors gained a total of N794 billion for the week under review.

Similarly, all other indices finished higher with the exception of NGX Insurance, NGX Consumer Goods, NGX Oil and Gas and NGX Sovereign Bond which depreciated by 1.20, 1.20, 0.93 and 0.10 per cent.

The NGX ASeM, however,  closed flat.

Meanwhile, 44 equities appreciated in price during the week, higher than 33 equities in the previous week.

44 equities depreciated in price lower than 57 in the previous week, while 64 equities remained unchanged, higher than 62 recorded in the previous week.

On listing, Lasaco Assurance Plc listed an additional 9.250 billion ordinary shares of 50k each on the daily official list of Nigerian Exchange Limited (NGX) in the week under review.

The additional shares listed on NGX arose from Lasaco’s Private Placement of 9.250 billion ordinary shares of 50k each at N1.20 per share.

With the listing of the additional ordinary shares, the total issued and fully paid-up shares of Lasaco Assurance  has now increased from 1.834 billion to 11,083 billion ordinary shares of 50k each.

Looking ahead, Analysts at Cowry Asset Management Ltd., predicted that the current positive market sentiment is expected to persist into the coming week.

The analysts said that this would be supported by the release of corporate earnings and anticipated corporate actions.

They noted that the financial results published so far have been encouraging, providing a foundation for sustained price support and attracting fresh capital inflows into the market.

“Moreover, the prevailing low valuation of many stocks continues to create opportunities for investors to buy into value and strategically reposition their portfolios.

“However, the market may experience bouts of volatility as the earnings season progresses.

“Mixed macroeconomic data and upcoming economic events are likely to influence market sentiment,
particularly for companies with December year-end financials,” they said.

The equities market closed on a mixed note on Thursday following the listing of an additional 9.25 billion ordinary shares of 50 kobo each by Lasaco Assurance Plc.

Specifically, investors gained N289 million as the market capitalisation, which opened at N63.147 trillion, recorded a slight change to close at N63.147 trillion.

The All-Share Index (ASI), in spite of 0.05 per cent decline, settled at 102,788.20 when compared to 102,836.13 recorded previously.

Consequently, the Year-To-Date (YTD) return dropped to 0.13 per cent for the ASI, while advancing to 0.61 per cent for the market capitalisation.

Also, market breadth closed flat with 28 gainers and 28 losers.

SCOA led the gainers’ chart by 32k to close at N3.60 and Daar Communications followed by 7k to close at 84k per share.

May & Baker added 70k to close at N9, Prestige Assurance gained 9k to close at N1.41, while Red Star Express Plc rose by 24k to close at N5.05 per share.

On the other side, Morison Industries led the losers’ chart by 40k to close at N3.61, C&I Leasing trailed by 43k to close at N3.91 per share.

Ikeja Hotel decreased by N1.20 to close at N12.30, Neimeth International Pharmaceutical Plc dropped 32k to close at N3.44 and Sunu Assurances lost 48k to close at N5.50 per share.

Trading activity on the NGX was robust, with the value of transactions up by 50.28 per cent.

A total of 394.36 million shares, valued at N22.78 billion were exchanged across 12,160 deals, compared with 394.82 million shares valued at N15.16 billion traded in 10,766 deals, posted on Wednesday.

Meanwhile, Guaranty Trust Holding Company (GTCO) led the activity chart in volume with 42 million shares, while Seplat led in value of N7.9 billion.

The equity market, on Wednesday, dipped further as the market capitalisation shed N931 billion or 1.47 per cent to close at N62.257 trillion, having opened at N63.188 trillion.

The All-Share Index also lost 1.47 per cent or 1,526.14 points to close at 102,095.95, against 103,622.09 reported on Tuesday.

Accordingly, the Year-To-Date (YTD) return fell by 0.81 per cent.

Selloffs in Dangote Cement, Guaranty Trust Holding Company(GTCO), United Bank For Africa(UBA) alongside other declined equities kept the market in a negative terrain.

Market breadth closed negatively at 39 losers and 28 gainers.

On the losers log, Dangote Cement and Universal Insurance led by 10 per cent each to close at N387.90 and 63k per share respectively.

John Holt trailed closely by 9.99 per cent to close at N8.47 while Transnational Power dropped by N324 and Omatek declined by 9.89 per cent to close at 82k per share.

Conversely, Dangote Sugar, Sunu Assurances, and National Salt Company led the gainers’ log by 10 per cent each to close respectively at N36.85, N6.71 and N38.50 per share.

Sky Aviation also gained 9.95 per cent to close at N33.15 and Austin Laz added 9.94 per cent to close at N1.99 per share.

Trade turnover settled lower relative to the previous session, with the value of transactions down by 25.99 per cent.

A total of 435.54 million shares valued at N9.44 billion were exchanged in 12,098 deals, compared to 503.31 million shares valued at N12.63 billion traded in 12,900 deals posted previously.

Meanwhile, Universal Insurance led the activity chart in volume with 70.31 million shares, while BUA Foods led in value of deals worth N2.52 billion.

Bearish sentiments persisted on the stock market on Tuesday, making investors incurred a loss of N1.1 trillion.

Selloffs in MTN Nigeria, Zenith Bank, Guaranty Trust Holding Company Plc (GTCO), Dangote Sugar and  United Capital, among others declined equities further drove the market to a negative terrain.

Specifically, the market capitalisation of listed equities, which opened at N64.252 trillion, shed N1.1 trillion or 1.66 per cent, to close at N63.188 trillion.

The All-Share Index also declined by 1.66 per cent or 1,745.2 points, to close at 103,622.09, against 105,367.25 recorded on Monday.

Accordingly, the Year-To-Date(YTD) closed at 0.68 per cent. Market breadth closed negative with 41 losers and 23 gainers.

Honeywell Flour led the losers’ table by N1.06 to close at N9.54, Julius Berger followed by N15.50 to close at N139.80 per share.

Dangote Cement Plc lost N47.80 to close at N431, Sovereign Trust Insurance and Prestige Assurance shed 12k each to close at N1.12 and N1.17 per share, respectively.

On the other hand, Northern Nigeria Flour Mills led the gainers table by N4.10 to close at N45.10, Livestock Feeds followed by 55k to close at N6.10.

X-Academy added 29k to close at N3.22, UPL rose by 43k to close at N4.81 and Neimeth International Pharmaceutical increased by 28k to close at N3.15 per share.

However, analysis of the market activities showed trade turnover settled higher, relative to the previous session, with the value of transactions up by 55.38 per cent.

A total of 503.31 million shares valued at N12.63 billion were exchanged in 12,900 deals, compared to 505.8 million shares valued at N8.13 billion were traded in 14,255 deals posted in the previous session.

Meanwhile, GTCO emerged as the most actively traded stock in volume and value, with 54.4 million shares worth N3.2 billion.

The stock market, on Thursday, maintained an upward trend as the market capitalisation added N792 billion or 0.125 per cent to an opening of N63.559 billion, to close at N64.351 trillion.

The All-Share Index also gained 0.125 per cent or 1300 points, to close at 105,530.74, in contrast to 104,230.73 recorded on Wednesday.

The positive performance was primarily driven by price appreciations in MTN Nigeria, Zenith Bank, United Bank For Africa (UBA), Oando Plc, among other advanced equities.

Consequently, the Year-To-Date (YTD) return advanced to 2.53 per cent. However, the market breadth closed positive with 34 gainers and 25 losers.

On the gainers’ chart, MTN Nigeria led by N22 to close at N242, Honeywell Flour followed by 82k to close at N9.11 and Universal Insurance added 7k to close at 78k per share.

Transcorp Hotel gained N11.35 to close at N127.35 and Ikeja Hotel increased by N1.15 to close at N13.50 per share.

On the other hand, RT Briscoe led the losers chart by 26k to close at N2.34, Sunu Assurances trailed by 90k to close at N8.11 per share.

The Initiate Plc lost 27k to close at N2.52, UPDC Real Estate Investment Trust shed 19k to close at N1.81 and Guinea Insurance dropped 8k to close at 91k per share.

Analysis of the market activities showed trade turnover also settled lower relative to the previous session, with the value of transactions down by 48.09 per cent.

A total of 481.69 million shares valued at N12.82 billion were exchanged in 12,824 deals, compared with 756.42 million shares valued at N24.69 billion traded in 13,551 deals, posted in the previous session.

Universal Insurance led the activity chart in volume with 97.24 million shares, while Seplat led in value of deals worth N4.56 billion.

The Nigerian stock market rebounded on Wednesday, recovering from its previous session’s loss, with a N507 billion gain added to investors’ portfolios.

Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation, which opened at N63.051 trillion, increased by N507 billion or 0.80 per cent to close at N63.559 trillion.

Similarly, the All-Share Index rose by 0.80 per cent or 832 points to close at 104,230.73, up from 103,398.82 reported on Tuesday.

Consequently, the Year-To-Date (YTD) return improved to 0.127 per cent.

The upward trend was driven by buying interests in key equities such as MTN Nigeria, FBN Holdings, Transnational Corporation, Dangote Sugar and Nigerian Breweries.

Despite the gains, the market breadth closed slightly negative, with 28 losers compared to 27 gainers.

Sunu Assurances led the losers’ table by N1 to close at N9.01, Universal Insurance trailed by 7k to close at 71k per share.

Secure Electronic Technology lost 6k to close at 68k, while Consolidated Hallmark Plc shed 21k to close at N3.40 per share.

Conversely, Transnational Corporation and MTN Nigeria led the gainers table by N20 and N220 respectively to close at N49.50 and N220, respectively.

Honeywell Flour followed by 75k to close at N8.29, AIICO Insurance gained 17k to close at N1.88 and Living Trust rose by 43k to close at N4.81 per share.

Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 31.99 per cent.

A total of 756.42 million shares valued at N24.69 billion were exchanged in 13,551 deals, compared with 1.11 billion shares valued at N14.64 billion traded in 16,617 deals posted in the previous session.

For the second session in a row, FBN Holdings led the activity chart in volume with 125.71 million shares, while Geregu Power led in value of deals worth N11.39 billion.

The domestic bourse on Tuesday broke its winning streak with a loss of N152 billion, following investors’ sell-offs of Tier-one banking stocks.

Notably, losses in Zenith Bank, United Bank for Africa (UBA), Access Corporation, Oando Plc, Dangote Sugar, Nigerian Breweries, alongside other declined equities dragged the market down.

The market capitalisation, which opened at N63.203 trillion, shed N152 billion or 0.24 per cent to close at N63.051 trillion.

The All-Share Index also lost 0.24 per cent or 249.42 points, to close at 103,398.82, against 103,648.24 recorded on Monday.

As a result, the Year-To-Date (YTD) return decreased to 0.46 per cent. Market breadth closed negative with 51 losers and 18 gainers.

FTN Cocoa, RT Briscoe and Veritas Kapital led the losers’ table by 10 per cent each to close at N1.80, N2.70, and N1.53 per share, respectively.

Sunu Assurances and Cornerstone Insurance dropped 9.98 per cent each to close at N10.01 and N4.15 per share, respectively.

On the gainers’ side, Abbey Mortgage Bank and PZ Nigeria led by 10 per cent each to close at N3.63, and N27.50 per share respectively.

Learn Africa followed by 9.90 per cent to close at N5.44, NCR Nigeria added 9.77 per cent to close at N7.30 and NGX Group gained 9.72 per cent to close at N29.90 per share.

Analysis of market activities revealed a higher trade turnover compared to the previous session, with transaction value rising by 10.48 per cent.

A total of 1.11 billion shares valued at N14.64 billion were exchanged in 16,617 deals, compared with 855.97 million shares valued at N13.25 billion traded in 16,505 deals.

Meanwhile, FBN Holdings led the activity chart in volume and value with 161.46 million shares in deals of N4.72 billion.