Tag: Stock Market

The stock market closed with a loss of N165 billion on Friday, due to sustained selloffs in medium and penny stocks.

Specifically, market capitalisation declined by N165 billion or 0.19 per cent, closing at N88.769 trillion from N88.934 trillion on Thursday.

Similarly, the All-Share Index dropped by 261.74 points or 0.19 per cent to 140,295.50 from 140,557.24 recorded previously.

The negative performance was driven by sustained selloffs in stocks like: John Holt, Lasaco Assurance, Guinea Insurance, Universal Insurance, Secure Electronic Technology and 26 other stocks.

Also, the market breadth closed negative with 31 losers and 19 gainers.

John Holt led the losers’ table by 10 per cent, closing at N6.30 while Lasaco Assurance followed, dropping by 9.64 per cent, settling at N3 per share.

Guinea Insurance fell by 7.79 per cent, ending the session at N1.42 and Universal Insurance dipped by 6.25 per cent, finishing at N1.20 per share.

Also, Secure Electronic Technology declined by 5.56 per cent, closing at 85k per share.

Conversely, Learn Africa led the gainers’ table by 9.86 per cent, finishing at N7.80 while Union Dicon Salt increased by 8.04 per cent, settling at N12.10 per share.

Prestige Assurance rose by 6.75 per cent, ending the session at N1.74 and Academy Press soared by 6.11 per cent, closing at N9.55 per share.

Similarly, Omatek Ventures grew by 6.06 per cent, finishing at N1.40 per share.

Analysis of the market activity revealed decline in the market deals, volume and value.

A total of 435.14 million shares worth N10.4 billion were traded across 25,609 transactions.

This is compared to 885.02 million shares worth N28.3 billion that was exchanged in 26,163 transactions earlier on Thursday.

Meanwhile, VFD Group led the market chart with 49.3 million shares valued at N542.2 million.

Secure Electronic Technology followed with 33.2 million shares worth N28.8 million while Access Corporation transacted 26.9 million shares valued at N716.9 million.

Guaranty Trust Holding Company traded 21.33 million shares worth N1.9 billion and FirstHoldCo sold 19.93 million shares valued at N646.7 million.

The Nigerian stock market continued on a positive note on Tuesday, recording N203 billion gain.

The market activity was driven by demand for equities such as NCR Nigeria, Berger Paints, Beta Glass, Cadbury and 23 other stocks.

Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation grew to N89.696 trillion from N89.493 trillion recorded on Monday, representing 0.23 per cent increase.

Similarly, the All-Share Index (ASI) advanced by 0.23 per cent or 321.59 points, closing at 141,761.36 compared to 141,439.77 recorded at the previous session.

However, the market breadth closed negative, recording 34 losers against 27 gainers.

Legend Internet led the decliners’ table by 10 per cent, ending the session at N5.40 while Secure Electronic Technology dropped by 9.26 per cent, closing at 98k per share.

Cutix dipped by 8.97 per cent, finishing at N3.55 and UAC of Nigeria fell by 8.69 per cent, settling at N73 per share.

Similarly, Deap Capital Management shed by 8.29 per cent, closing at 1.66 per share.

On the gainers’ chart, NCR Nigeria soared by 10 per cent, finishing at N11.55 while Sky Shelter Fund grew by 9.99 per cent, settling at N301.55 per share.

Berger Paints rose by 9.06 per cent, ending the session at N34.90 and Beta Glass gained by 8.16 per cent, closing at N486 per share.

Also, Cadbury increased by 8.04 per cent, finishing at N62.50 per share.

A total of 605.02 million shares valued at N12.89 billion were exchanged across 28,845 transactions.

This is in contrast to 591.2 million shares worth N11.7 billion that was traded across 33,342 transactions.

Transactions in the shares of FCMB topped the activity chart with 89.29 million shares valued at N980.8 million.

Veritas Kapital followed with 68.5 million shares worth N154.2 million while AIICO Insurance traded 36.15 million shares valued at N152.5 million.

Secure Electronic Technology transacted 27.3 million shares worth N27.1 million and Mutual Benefits Assurance sold 23.5 million share valued at N104.9 million.

The stock market opened on a positive note on Monday, as performance indices grew by 0.31 per cent due to increased buying activity.

This is extending Friday’s bullish close.

The uptrend was driven by strong buying interest in stocks like: Julius Berger, Cutix, Regalins, Veritas Kapital and 36 others.

Market capitalisation rose by N285 billion, or 0.31 per cent, to close at N89.493 trillion, compared with N89.208 trillion on Friday.

Similarly, the All-Share Index (ASI) increased by 435.63 points, or 0.31 per cent, to settle at 141,439.77.

Also, the market breadth closed positive with 40 advancers against 17 decliners.

Julius Berger led the gainers’ table by 9.93 per cent, closing at N146.10 while Cutix Plc grew by 9.86 per cent, settling at N3.90 per share.

Regency Alliance Insurance rose by 9.70 per cent, finishing at N1.47 and Veritas Kapital Assurance soared by 9.60 per cent, ending the session at N2.17 per share.

Similarly, MC Nicholas gained by 9.38 per cent, closing at N3.50 per share.

Conversely, University Press lost by 9.92 per cent, finishing at N5.54 while Cadbury Nigeria declined by 9.61 per cent, settling at N57.85 per share.

Abbey Mortgage Bank shed by 8.39 per cent, closing at N6.55 and DAAR Communications dipped by 7.44 per cent, ending the session at N1.12 per share.

Also, Austin Laz fell by 6.55 per cent, closing at N2.71 per share.

Analysis of the market activities revealed a decline in the market volume and value with an increase in the deals.

A total of 591.2 million shares worth N11.7 billion were traded across 33,342 transactions, compared with 1.3 billion shares valued at N47.8 billion that was exchanged across 25,916 transactions earlier on Friday.

Meanwhile, transactions in the shares of FCMB topped the activity chart with 105.13 million shares valued at N1.14 billion.

Veritas Kapital followed with 59.6 million shares worth N128.8 million while Universal Insurance sold 34.4 million shares valued at N45.2 million.

AIICO Insurance traded 26.2 million shares worth N111.9 million and Guaranty Trust Holding Company transacted 25 million shares valued at N2.4 billion.

The equities market turned positive on Friday after a three-day downturn, ending the week with N425 billion gain for investors.

The gain was driven by renewed buying interest in stocks like Beta Glass, FTN Cocoa Processors, UPDC, Veritas Kapital Assurance, Sovereign Trust Insurance and 46 others.

Market capitalisation rose by N425 billion, or 0.48 per cent, to close at N89.208 trillion, compared with N88.783 trillion on Thursday.

Similarly, the All-Share Index (ASI) soared by 0.48 per cent or 671.70 points, to settle at 141,004.14.

Meanwhile, the market breadth also closed positive with 51 gainers  and 13 losers.

Beta Glass led the gainers’ table by 10 per cent, closing at N449.35 while UPDC also soared by 10 per cent, finishing at N6.93 per share.

FTN Cocoa Processors rose by 10 per cent, settling at N6.60 and Veritas Kapital Assurance grew by 10 per cent, ending the session at N1.98 per share.

Similarly, Sovereign Trust Insurance gained by 9.96 per cent, closing at N2.65 per share.

On the flip side, Thomas Wyatt Nigeria lost by 9.91 per cent, ending the session at N3 while McNichols dipped by 7.51 per cent, settling at N3.20 per share.

The Initiates Plc declined by 4.43 per cent, closing at N12.30 and E-Tranzact International shed by 3.98 per cent, finishing, settling at N10.85 per share.

NPF Microfinance Bank lost by 2.81 per cent, closing at N3.11 per share.

The market activity revealed increase in the market volume, value and deals as 1.30 billion shares valued at N47.84 billion were traded across 25,916 transactions.

This is compared with the previous session’s 573.75 million shares valued at N12.88 billion that was exchanged across 25,881 deals.

Meanwhile Zenith Bank led the activity chart with 345.5 million shares worth 21.2 billion.

FCMB followed with 335.9 million shares valued at N3.5 billion while AIICO Insurance traded 43.7 million shares worth N181.8 million.

Nigerian Breweries sold 43.26 million shares valued at N3.03 million and WAPIC Insurance transacted 33.3 million shares worth N103.6 million.

The Nigerian stock market closed the week on a negative note on Friday with key performance indicators dropping by 0.56 per cent.

The market capitalisation dropped by N516 billion, or 0.56 per cent, closing at N92.214 trillion, down from N92.730 trillion recorded on Thursday.

Also, the All-Share Index shed by 815.80 points or 0.56 per cent, closing at 145,754.91 from the previous close of 146,570.71.

The downward trend was driven by profit-taking in stocks like Abbey Mortgage Bank, Custodian Investment Plc, Deap Capital Management, The Initiates and 25 others.

However, the market breadth closed positive with 42 gainers and 29 losers.

Champion Breweries led the gainers’ chart, soaring by 10 per cent, ending the session at N14.4, while Union Dicon Salt also grew by 10 per cent, settling at N9.90 per share.

Universal Insurance rose by 10 per cent, finishing at N1.10, and Guiness Nigeria gained by 9.99 per cent, closing at N155.75 per share.

AXA Mansard climbed by 9.99 per cent, settling at N14.64 per share.

On the losers’ chart, Abbey Mortgage Bank declined by 9.87 per cent, closing at N6.30, while Custodian Investment Plc fell by 8.48 per cent, finishing at N40.45 per share.

Deap Capital Management shed by 7.53 per cent, ending the session at N1.35 and The Initiates Plc dipped by 7.34 per cent, finishing at N12 per share.

Also, the Nigerian Police Force Microfinance Bank lost by 7.25 per cent, closing at N3.20 per share.

A total of 2.21 billion shares worth N32.4 billion were traded across 35,036 transactions.

This is in contast with 1.98 billion shares valued at N27.3 billion earlier exchanged across 35,291 deals.

Transactions in the shares of Linkage Assurance led the activity chart with 585.6 million shares worth N1.17 billion.

Universal Insurance followed with 213.19 million shares valued at N234.5 million while AIICO Insurance sold 178.5 million shares worth N618.1 million.

Mutual Benefits Assurance transacted 137.84 million shares valued at N402.46 million and Sterling Nigeria traded 115.27 million shares worth N927.4 million.

Reacting, Mr David Adonri, Vice President of Highcap Securities, said the market declined as investors shifted their focus to insurance stocks.

He said this came shortly after President Bola Tinubu signed the Nigerian Insurance Industry Reform Act (NIIRA 2025) into law, noting that the initial surge in demand for insurance stocks soon lost steam as the momentum proved unsustainable.

“The market had been bullish for a while due to price-sensitive information, as companies declared their half-year results, until President Tinubu assented to the NIIRA 2025, when investors began to embrace insurance stocks.

“Unfortunately, they could not sustain the rush.

“Investors need to know that no rally in the market is sustained indefinitely. What happened today is absolutely normal,” he said.

The stock market continued on a positive note on Wednesday, as performance indices grew by 0.70 per cent amid increased buying interest and bargain hunting.

Similarly, the All-Share Index (ASI) also increased by 1,017.49 points, or 0.70 per cent, to settle at 145,813.86 as against Tuesday’s 144,796.37.

The gain was driven by strong buying interest in medium and large-capitalised stocks like: Meyer Plc, Guinness Nigeria, Learn Africa, AXA Mansard, Mutual Benefits Assurance and 49 others.

Meanwhile, the market breadth also closed positive with 54 gainers and 26 losers.

Guiness Nigeria led the gainers’ table, increasing by 10 per cent, settling at N128.75 while Meyer Plc also rose by 10 per cent, finishing at N18.15 per share.

Learn Africa grew by 10 per cent, closing at N6.27, and AXA Mansard also gained by 10 per cent, ending the session at N12.10 per share.

Similarly, Mutual Benefits Assurance soared by 10 per cent, closing at N2.42 per share.

On the decliners’ table, UAC of Nigeria dropped by 10 per cent, finishing at N90, while UH Real Estate Investment Trust also fell by 10 per cent, ending the session at N57.60 per share.

NGX Group shed by 10 per cent, settling at N63, and Livingtrust Mortgage Bank dipped by 9.93 per cent, closing at N5.35 per share.

Multiverse Mining lost by 9.68 per cent, finishing at 9.80 per share.

A total of 2.69 billion shares worth N32.63 billion were exchanged across 35,137 transactions.

This is compared to 1.03 billion shares valued at N22.9 billion that was traded in 38,932 transactions earlier on Tuesday.

Transactions in the shares of Consolidated Hallmark Holdings Plc led the activity chart with 1.02 billion shares worth N2.67 billion.

Linkage Assurance followed with 562.32 million shares valued at N978.4 million while Sterling Nigeria traded 183.77 million shares worth N1.49 billion.

AIICO Insurance sold 90.7 million shares valued at N262.98 million and Zenith Bank transacted 60.35 million shares worth N4.55 billion.

The Nigerian stock market wrapped up Junly on a positive note, adding N370 billion for investors.

The uptrend was due to strong buying interest in medium and large-capitalised stocks, like: UAC of Nigeria, Wema Bank, Guinness Nigeria, Skyway Aviation Handling Company and 25 other stocks.

The market capitalisation increased by 0.42 per cent or N370 billion, closing at N88.424 trillion compared to N88.054 trillion on Wednesday.

Similarly, the All-Share Index (ASI) climbed by 584.85 points or 0.42 per cent to reach 139,863.52 as against 139,278.67 earlier recorded.

However, the market breadth closed negative with 55 losers and 29 gainers.

FTN Cocoa Processors led the decliners’ chart, dropping by 10 per cent, closing at N5.67 while Learn Africa also lost by 10 per cent, settling at N6.30 per share.

AXA Mansard Insurance fell by 10 per cent, ending the session at N11.70 and The Initiates Plc also shed by 10 per cent, finishing at N13.50 per share.

Ikeja Hotel declined by 9.96 per cent, closing at N20.80 per share.

On the advancers’ chart, UAC of Nigeria soared by 10 per cent, finishing at N80.30 while Wema Bank also increased by 10 per cent, ending the session at N22 per share.

Guinness Nigeria rose by 9.96 per cent, settling at N117.05 and Skyway Aviation Handling Company gained by 9.95 per cent, closing at N90.05 per share.

Similarly, Mecure climbed by 9.69 per cent, ending the session at N15.85 per share.

Meanwhile, 1.11 billion shares worth N33.65 billion were exchanged across 37,370 transactions, compared to 922.03 million shares worth N35.39 billion that was traded across 36,423 transactions earlier.

Transactions in the shares of First City Monument Bank led the activity chart with 121.54 million shares valued at N1.22 billion.

Universal Insurance followed with 91.55 million shares worth N71.69 million while Fidelity Bank transacted 81.12 million shares valued at N1.7 billion.

Regency Alliance Insurance traded 64.53 million shares worth N51.94 million and Royal Exchange Plc sold 47.12 million shares valued at N79.55 million.

The stock market closed on a positive note on Wednesday, as performance indices grew by 0.99 per cent amid increased buying interest and bargain hunting.

Market capitalisation rose by N863 billion, or 0.99 per cent, to close at N88.054 trillion, compared with N87.191 trillion on Tuesday.

Similarly, the All-Share Index (ASI) increased by 1,365.80 points, or 0.99 per cent, to settle at 139,278.67.

The uptrend was driven by strong buying interest in medium and large-capitalised stocks such as Multiverse Mining, Royal Exchange, Berger Paints, Dangote Sugar and 35 other stocks.

Also, the market breadth closed positive with 39 gainers and 32 losers.

On the gainers’ chart, Multiverse Mining increased by 10 per cent, settling at N9.90 while Royal Exchange also soared by 10 per cent, ending the session at N1.54 per share.

NPF Microfinance Bank gained by 9.97 per cent, closing at N3.42 and Berger Paints also rose by 9.97 per cent, finishing at N37.50 per share.

Similarly, Dangote Sugar climbed by 9.97 per cent, closing at N71.15 per share.

On the losers’ chart, Abbey Mortgage Bank dropped by 10 per cent, settling at N6.48 and FTN Cocoa Processors also declined by 10 per cent, closing at N6.30 per share.

Livingtrust Mortgage Bank fell by 9.97 per cent, finishing at N6.59 while SUNU Assurances shed by 9.61 per cent, ending the session at N4.14 per share.

Also, Consolidated Hallmark Holdings lost by 7.78 per cent, closing at N3.20 per share.

Meanwhile, 922.03 million shares worth N35.39 billion were traded across 36,423 transactions.

This is in contrast with 940.80 million shares worth N30.63 billion that was exchanged across 28,358 transactions earlier on Tuesday.

Transactions in the shares of Fidelity Bank topped the activity chart with 90.39 million shares worth N1.89 billion.

Access Corporation followed with 43.05 million shares valued at N1.19 billion while UACN traded 32.98 million shares worth N2.08 billion.

Universal Insurance transacted 32.29 million shares valued at N26.05 million and First City Monument Bank sold 31.81 million shares worth N328.4 million.

The Nigerian stock market continued on a bullish trend on Thursday, gaining N406 billion.

Market capitalisation rose by N406 billion or 0.48 per cent, closing at N84.262 trillion when compared to N83.856 trillion recorded on Wednesday.

Similarly, the All-Share Index (ASI) climbed 642.57 points or 0.48 per cent, reaching 133,200 from 132,557.43 recorded earlier.

The upward trend was driven by strong buying interest in medium and large-capitalised stocks, including: Academy Press, FTN Cocoa, RT Briscoe, Guiness Nigeria and 42 others.

Also, the market breadth closed positive with 46 gainers and 33 losers.

Academy Press led the gainers’ chart, climbing by 10 per cent and closing at N8.47 while FTN Cocoa Processors also gained by 10 per cent, settling at N6.60 per share.

Sovereign Trust Insurance increased by 10 per cent, ending the session by N1.43 and RT Briscoe soared by 9.97 per cent, finishing at N3.75 per share.

Also, Guiness Nigeria rose by 9.97 per cent, closing at N106.45 per share.

On the flip side, ABC Transport dropped by 10 per cent, ending the session at N4.59 while John Holt also decreased by 10 per cent, closing at N8.10 per share.

Union Dicon Salt fell by 10 per cent, settling at N9.00 and Industrial and Medical Gases lost by 9.89 per cent, finishing at N38.25 per share.

Similarly, Secure Electronic Technology shed by 9.71 per cent, closing at 93k per share.

A total of 818.39 million shares worth N22.67 billion were exchanged across 22.955 transactions.

This is in contrast to 681.24 million shares worth N17.02 billion that was exchanged across 26,931 transactions earlier on Wednesday.

Transactions in the shares of Ja Paul Gold led the activity chart with 83.79 million shares worth N231.76 million.

United Bank for Africa followed with 73.09 million shares valued at N3.41 billion while Access Corporation transacted 65 million shares worth N1.85 billion.

Consolidated Hallmark Holdings sold 55.71 million shares valued at N169.1 million and Nigerian Breweries traded 41.11 million shares worth N2.97 billion.

The stock market closed on a positive note on Wednesday, as performance indices grew by 0.08 per cent amid increased buying interest and bargain hunting.

Market capitalisation rose by N67 billion, or 0.08 per cent, to close at N83.856 trillion, compared with N83.789 trillion on Tuesday.

Similarly, the All-Share Index (ASI) increased by 105.70 points, or 0.08 per cent, to settle at 132,557.43.

The positive trend was driven by strong buying interest in medium and large-capitalised stocks such as Academy, The Initiate, Ikeja Hotel and 27 other stocks.

Meanwhile, the market breadth closed negative with 37 losers 30 gainers.

On the losers’ chart, Austin Laz and Company dropped by 10 per cent, settling at N2.34 while Tripple Gee fell by 9.95 per cent, closing at N3.89 per share.

Omatek lost by 9.72 per cent, ending the session at N1.30 and DAAR Communications declined by 9.64 per cent, finishing at 75k per share.

Similarly, Guinea Insurance shed by 9.09 per cent, closing at 90k per share.

On the gainers’ chart, FG192038S2 increased by 16.87 per cent, ending the session at N97.00 while Academy grew by 10 per cent, closing at N7.70 per share.

The Initiates Plc rose by 9.98 per cent, settling at N13.34 and Ikeja Hotel gained by 9.95 per cent, finishing at N21.00 per share.

Also, Nigerian Enamelware soared by 9.84 per cent, closing at N24.55 per share.

681.24 million shares worth N17.02 billion were exchanged across 26,931 transactions.

This is compared with 771.65 million shares worth N26.78 that was traded across 32,734 transactions earlier on Tuesday.

Transactions in the shares of Access Corporation topped the activity chart with 98.62 million shares worth N2.74 billion.

Ellah Lakes followed with 61.119 million shares valued at N581.61 million while Ja Paul Gold sold 49.16 million shares worth N136.75 million.

Royal Exchange Plc traded 43.75 million shares valued at N53.61 million and Universal Insurance transacted 32.07 million shares worth N23.39 million.