Tag: Stock Exchange

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.

Investors on the Nigerian Stock Exchange (NGX) traded 1.848 billion shares worth N51.387 billion in 63,090 deals during the week.

NGX, in its weekly report, made available in Lagos, said this n contrast to 2.001 billion shares valued at N49.486 billion that exchanged hands last week in 70,853 deals.

Consequently, the value of transactions traded by investors on the Exchange advanced by 3.84 per cent.

The Financial Services Industry led the activity chart with 1.296 billion shares valued at N26.914 billion traded in 29,140 deals.

This contributed 70.13 per cent and 52.38 per cent to the total equity turnover volume and value respectively.

The Services Industry followed with 129.443 million shares worth N719.218 million in 3,657 deals.

Third place was the Consumer Goods Industry, with a turnover of 116.696 million shares worth N4.185 billion in 7,452 deals.

Trading in the top three equities namely Zenith Bank, FCMB Group and Access Holdings accounted for 539.768 million shares worth N16.528 billion in 7,392 deals.

This contributed 29.21 per cent and 32.16 per cent to the total equity turnover volume and value, respectively.

The NGX All-Share Index and Market Capitalisation depreciated by 0.62 per cent to close the week at 107,821.39 and N67.193 trillion respectively.

All other indices finished lower with the exception of NGX AseM, NGX Oil and Gas, NGX Lotus II, NGX Sovereign Bond and NGX Commodity which appreciated by 0.04, 0.60, 0.33, 0.81 and 0.53 per cent, respectively.

27 equities appreciated in price during the week, lower than 28 equities in the previous week.

60 equities depreciated in price, higher than fifty-eight 58 in the previous week, while 63 equities remained unchanged, lower than 64 recorded in the previous week.

The top five decliners for the week were Sunu Assurances, Euni Interlinked, Learn Africa, Guinea Insurance, International Energy Insurance as they lost N1.29, N2.25, N0.65, N0.12 and N0.35 each.

PZ Cussons Nigeira, Caverton Offshore Support, Livestock Feeds, UH Real Estate Investment Trust and Associated Bus Company were the top five gainers for the week as they grew in 31.1, 22.92, 22.81, 20.90 and 15.45 per cent each.

The companies gained N8.40, N0.55, N1.38, N7.65 and N0.19, respectively.

To end the week, the stock market rebounded from previous losses, gaining N74 billion. Investor interest in MTN Nigeria, FBN Holdings, Guaranty Trust Holding Company (GTCO) and other equities lifted the market.

Notably, the market capitalisation opened at N56.014 trillion, adding N74 billion or 0.13 per cent to close at N56.088 trillion.

The All-Share Index also advanced by 0.13 per cent, or 129.44 points, closing at 97,606.63, compared to 97,477.19 recorded on Thursday. As a result, the Year-To-Date (YTD) return increased by 30.54 per cent.

The market breadth closed positive, with 31 gainers and 19 losers on the floor of the Exchange. On the gainers’ chart, Consolidated Hallmark Plc and Sterling Nigeria led by 9.45 per cent each to close at N1.39 and N4.98 per share respectively.

Mecure followed by 9.19 per cent to close at N10.10, Regency Alliance Insurance gained 9.09 per cent to close at 72k, while Fidson Healthcare Plc increased by 8.24 per cent to close at N15.10 per share.

Conversely, Deap Capital Management and Trust led the losers’ chart by 9.93 per cent to close at N1.36, NEM Insurance trailed by 9.71 per cent to close at N7.90 per share.

Daar Communications also lost 9.52 per cent to close at 57k, Tantalizers shed 9.09 per cent to close at 60k, while Dangote Sugar declined by 3.31 per cent to close at N31 per share.

Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 20.33 per cent.

A total of 304.43 million shares valued at N5.60 billion were exchanged in 6,950 deals, compared with 277.75 million shares valued at N4.65 billon in 7,091 deals traded in the previous session.

Meanwhile, Access Corporation led the activity chart in volume and value with 68.26 million shares valued at N1.34 billon.

The value of transactions on the Nigerian Exchange Ltd. (NGX) declined by 33.09 per cent on Thursday. Investors traded 277.75 million shares valued at N4.65 billion in 7,091 deals, compared to 356.13 million shares valued at N6.95 billion exchanged in 8,582 deals on Wednesday.

As a result, the market capitalisation shed 0.01 per cent or N5 billion, dropping from an opening of N56.019 trillion to close at N56.014 trillion. The All-Share Index, which opened at 97,487.14, also closed 0.01 per cent or 10 points lower, settling at 97,477.19. Consequently, the Year-To-Date (YTD) return fell by 30.36 per cent.

Selloffs in stocks such as United Bank for Africa (UBA), Access Corporation, Fidelity Bank, Wema Bank and Nigerian Breweries contributed to the negative market performance. However, market breadth closed positively, with 23 gainers and 22 losers.

On the gainers’ log, Regency Alliance Insurance led by 6k to close at 66k, Caverton followed with 22k to close at N2.48 per share.

Royal Exchange also gained 6k to close at 75k, ABC Transport advanced by 10k to close at N1.32, while UPL rose by 17k to close at N2.55 per share.

On the other side, Daar Communications led the losers’ log by 7k to close at 63k, Livestock trailed by 34k to close at N3.10 per share.

Sunu Assurances declined by 17k to close at N1.58, Fidson Healthcare Plc went down by N1.50 to close at N13.95, while Consolidated Hallmark Holdings dropped 13k to close at N1.27 per share.

Meanwhile, Fidelity Bank led the activity log in volume with 43.34 million shares while United Bank For Africa (UBA) led in value in deals worth N956.67 million.

The value of transactions on the floor of the Nigerian Exchange Ltd. (NGX) on Friday advanced by 9.98 per cent compared to the previous session, closing the week on a positive note.

Specifically, 603.88 million shares valued at N9.16 billion were exchanged in 9,988 deals, compared to 392.80 million shares valued at N8.33 billion traded in 9,013 deals recorded on Thursday.

Demand for MTN Nigeria, Transnational Corporation, Fidelity Bank, First City Monument Bank (FCMB), and United Capital, among other equities, drove the market’s positive performance.

As a result, investors gained N20 billion or 0.04 per cent, with market capitalisation closing at N56.928 trillion, up from N56.908 trillion.

The All-Share Index also rose by 0.04 per cent or 36.3 points to settle at 100,539.40, compared to 100,503.21 previously.

However, market breadth closed negative with 29 laggards and 17 gainers on the floor of the Exchange.

Cutix led led 28 other declined equities on the losers’ chart by 8.55 per cent to close at N5.99, and Sovereign Trust Insurance led 16 other advanced equities the gainers chart by 4.26 per cent to close at 49k per share.

Meanwhile, FCMB led the activity chart in volume with 114.12 million shares valued at N896.12 million, Jaiz Bank followed with 103.35 million shares worth N224.52 million.

UCAP sold 56.76 million shares worth N2.29 billion to lead the chart in value,GTCO traded 37.55 million shares valued at N1.70 billion, Universal Insurance transacted 33.35 million shares worth N11.36 million.

The Nigerian Exchange Ltd. (NGX) on Friday recorded 28.14 per cent increase in the value of equity transactions, resulting in investors gaining N467 billion.

Specifically, 446.57 million shares valued at N7.10 billion were exchanged in 9,297 deals, in contrast to 665.20 million shares valued at N5.54 billion in 8,446 deals on Thursday.

Consequently, the market capitalisation, which opened at N55.856 trillion, gained 0.83 per cent or N467 billion to close at N56.323 trillion.

The All-Share Index also added 0.83 per cent or 825 points to close at 99,587.25, as against 98,762.78 recorded in the previous session.

As a result, the Year-To-Date (YTD) return rose to 33.18 per cent.

Renewed interest in MTN Nigeria, alongside Tier-one banks, Presco Plc, UACN, United Capital, among other leading stocks, sustained the market’s positive trend.

Also, market breadth closed positive with 27 advanced equities outnumbering 20 declined ones.

On the gainers’ chart, Presco led by N22.90 to close at N252.80, Dangote Sugar followed closely by N4.25 to close at N47, while Ellah Lakes Plc gained 30k to close at N3.32 per share.

Jaiz Bank also advanced by 21k to close at N2.35 and Flour Mill rose by N3.25 to close at N36.80 per share.

Conversely, Conoil and Tantalizers led the losers chart by N10.80 and 4k each to close at N97.20 and 36k per share, respectively.

McNichols Plc lost 12k to close at N1.14, Linkage Assurance trailed by 9k to close at 86k and Guinea Insurance shed 3k to close at 30k per share.

Meanwhile, Access Corporation led the activity chart in volume and value with 151.80 million shares worth N2.68 billion, followed by Veritas Kapital with 49.88 million valued at N30.91 million.

United Bank of Africa(UBA) traded 32.89 million worth N845.74 million, Universal Insurance sold 27.14 million shares valued at N9.76 million and Transnational Corporation transacted 21.82 million share worth N310.32 million.

Trading activities on the floor of the Nigerian stock market on Tuesday declined, making investors to lose N200 billion.

Specifically, the market capitalisation shed N200 billion or 0.35 per cent to close at N56.167 trillion, in contrast to N56.367 trillion recorded on Monday.

Also, the All-Share Index also dropped by 0.35 per cent or 354 points to close at 99,311.54, compared to 99,665.05 posted in the previous session.

Consequently, the Year-To-Date (YTD) return fell to 32.82 per cent.

The market breadth closed negative with 25 losers and 16 gainers.

Sell-offs in Tier-one banks such as: Zenith Bank, Guaranty Trust Holding Company(GTCO), Access Corporation, FBN Holdings, Wema Bank, as well as Royal Exchange, Africa Prudential, among others top decliners positioned the market in red.

On the losers’ table, Honeywell flour led by 35k to close at N3.19, FBN Holdings trailed by N2.40 to close at N21.90, while Oando Plc shed N1.10 to close at N10.10 per share.

FTN Cocoa depreciated by 14k to close at N1.35, Nestle Nigeria lost N80 to close at N820 per share.

On the other side, Sunu Assurances led the gainers’ table by 10k to close at N1.10, Japaul Gold Group followed by 18k to close at N2.01 per share.

CAP Plc gained N2.25 to close at N26.25, Omatek added 7k to close at 83k and Prestige Assurance rose by 5k to close at 60k per share.

Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 47.95 per cent.

A total of 574.43 million shares valued at N7.84 bilion were exchanged in 7,324 deals, as against 306.62 million shares valued at N5.30 billion exchanged in 8,298 deals.

Transnational Corporation led the activity table in volume and value with 125.70 million shares traded in value of N1.89 billion.

UPDC Real Estate Investment Trust followed by 12.12 million shares worth N605.59 million, United Bank of Africa (UBA) sold 55.49 million shares valued at N1.28 billion.

Access Corporation traded 51.47 million shares valued at N833.25 million and Universal Insurance transacted 50.84 million shares worth N19.13 million.

Meanwhile, investors buy interest improved on the shares of FBN Holdings, as the Group sold 7.91 million shares valued at N175.69 million, compared to 2.11 million shares worth N49.52 million traded on Monday.

However, the stock price, which opened at N24.30, shed N2.40 to close at N21.90 per share.

FBN Holdings subsidiary, First Bank Nigeria had on Sunday appointed an acting Managing Director, Mr Olusegun Alebiosu with immediate effect and subject to the approval of the Central Bank of Nigeria(CBN).

The appointment followed the resignation of the bank’s former managing director, Dr Adesola Adeduntan, on Friday.

Trading activities on the Nigerian Exchange Ltd.(NGX) ended on a negative note on Tuesday as the capitalisation dropped by N1.11 trillion.

Notably, the market capitalisation, which opened at N57.560 trillion, shed N1.11 trillion or 1.93 per cent to close at N56.447 trillion.

The All-Share Index also dropped by 1.93 per cent or 1,969 points  to settle at 99,808.34, as against 101,777.12 recorded on Monday.

As a result, the year-to-date (YTD) return fell to 33.48 per cent.

The market performance was driven by sell-offs in telecommunications such as MTN Nigeria, alongside Tier-one banking stocks, namely : Guaranty Trust Holding Company (GTCO) and FBN Holdings, Access Corporation and Zenith Bank.
Meanwhile, the market breadth closed negative with  27 losers and seven gainers on the trading floor.

On the losers log, Cornerstone Insurance, Ellah Lakes, Fidelity Bank, Japaul Gold Group and Vitafoam Nigeria led in percentage terms of 10 each to close at N1.71, N3.15, N8.10, N1.80 and N18.90 per share, respectively.

Conversely, Morison Industries Plc led the gainers table by 9.96 per cent to close at N3.09, Thomaswy trailed by 8.63 per cent to close at N2.14 per share.

Universal Insurance also rose by 5.56 per cent to close at 38k, Omatek added 3.80 per cent to close at 82k, while Secure Electronic Technology Plc advanced by 3.45 per cent to close at 60k 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 16.91 per cent.

A total of 403.89 million shares valued at N8.38 billion were exchanged in 10,170 deals, compared to 326.64 million shares valued at N7.17 billion exchanged in 10,777 deals.

Access Corporation led the activity chart with 62.93 million shares traded in value of N1.07 billion.

GTCO followed by 47.38 million shares worth N1.74 billion to lead the chart in value.

United Bank of Africa(UBA) sold 45.63 million shares valued at N1.10 billion, Zenith Bank transacted 41.36 million shares worth N1.50 billion and Fidelity Bank traded 23.14 million shares worth N189.36 million.

Losses in the stocks of Dangote Sugar, Guaranty Trust Holding Company (GTCO), among others have further weakened the performance of the equity market of Nigerian Exchange Ltd. (NGX).

Specifically, investors lost N412 billion or 0.71 per cent, as the market capitalisation, which opened at N58.276 trillion, closed at N57.864 trillion.

Similarly, the All-Share index shed 0.71 per cent or 733 points to settle at 102,314.56, as against 103,047.23 recorded on Monday.Consequently, the Year-To-Date (YTD) return dropped to 36.83 per cent.

Profit taking in some banking stocks such as:  FBN Holdings (FBNH), Zenith Bank, Access Corporation, as well as United Capital, Nestle, Eterna Plc, among other stocks pushed the market performance further to a negative terrain.

Market breadth also closed negative with 36 losers and 12 gainers on the trading floor of the Exchange.

On the losers table, Dangote Sugar and GTCO led by 10 per cent each to close at N53.10 and N41.40 per share, respectively.

Flour Mills lost 9.87 per cent to close at N33.80, Multiverse declined by 9.84 per cent to close at N13.75 and FTN Cocoa Processors depreciated by 8.82 per cent to close at N1.55 per share.

Conversely, Transcorp led the gainers table by 9.93 per cent to close at N14.95, Morison Industries Plc followed by 9.87 per cent to close at N2.56 per share.

Also, Oando Plc added 9.61 per cent to close at N12.55, Caverton advanced by 8.54 per cent to close at N1.78 and Deap Capital Management rose by 7.94 per cent to close at 68k 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 569.96 per cent.

A total of 734.04 million shares valued at N21.59 billion were exchanged in 12,491 deals, compared to 245.86 million shares valued at N3.22 billion, exchanged in 5,302 deals traded in the previous session.

United Bank of Africa (UBA) led the volume chart with 148.88 million shares traded in deals worth N4.01 billion.

Zenith Bank traded 135.81 million shares valued at N5.48 billion, GTCO sold 98.76 million shares worth N4.13 billion, Transcorp transacted 71.43 million shares worth N998.48 million.

Access Corporation also sold 44.31 million shares valued at N868.1 million.

The stock market of the Nigerian Exchange Ltd. (NGX) witnessed a continued downturn on Thursday, with market capitalisation dropping by N252 billion.

Specifically, the market capitalisation closed at N58.653 trillion, as against N58.905 trillion posted on Wednesday, representing a 0.43 per cent decrease.

Similarly, the All-Share Index also fell by 445.24 points or 0.43 per cent, closing at 103,736.08 points from 104,181.32 recorded on Wednesday.

This decline pushed the Year-To-Date (YTD) return down to 38.73 per cent.

Bearish sentiment affected key stocks such as MTN Nigeria and Tier-one banks, namely; Guaranty Trust Holding Company (GTCO), Zenith Bank, Access Corporation, Transcorp and United Capital Plc, among others dragging the market into negative territory.

The market breadth closed negative with 26 losers and 23 gainers.

On the losers’ table, C&I Leasing Plc led by 9.79 per cent to close at N3.50, Mutual Benefits Assurance trailed by 8.57 per cent to close at 64k per share.

Tantalizers lost 7.89 per cent to close at 35k, Unity Bank dropped 7.39 per cent to close at N2.13 and Jaiz Bank declined by 7.23 per cent to close at N2.18 per share.

Conversely, Morison Industries Plc led the gainers’ table by 9.84 per cent to close at N2.12, SCOA Nigeria Plc rose by 9.77 per  cent to close at N2.36 per share.

International Energy Insurance gained 9.72 per cent to close at N1.58, NEM Insurance advanced by 9.50 per cent to close at N9.80 and The Initiative Plc added 8.70 per cent to close at N2.50 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 75.57 per cent.

A total of 487.73 million shares valued at N15.64 billion were exchanged in 8,908 deals, compared to 405.03 million shares valued at N8.91 billion exchanged in 10,364 deals posted in the previous session.

Zenith Bank led the activity chart in volume and value with 161.68 million shares traded in value of N7.03 billion, followed by GTCO with 54.36 million shares worth N2.73 billion.

UBA sold 47.82 million shares worth N1.30 billion, Access Corporation traded 40.88 million shares valued at N950.44 million and Transcorp sold 28.35 million shares worth N387.01 million.