Tag: Stock Market

The domestic bourse continued its winning streak, with the All-Share Index opening at 98,383.04 and gaining 0.44 per cent or 435 points to close at 98,818.04.

This increase contributed to the market capitalisation rising by N246 billion or 0.44 per cent to close at N55.899 trillion compared to N55.653 trillion recorded on Tuesday.

The Year-To-Date (YTD) return to 32.16 per cent.

The sustained demand for Tier-One banking stocks such as Guaranty Trust Holding Company (GTCO), Zenith Bank, FBN Holdings, along with International Breweries, Dangote Sugar, and Oando Plc, among others, kept the market in the green.

The market breadth remained positive with 31 gainers and 15 losers.

Abbey Mortgage Bank led the gainers’ chart with a 9.66 per cent increase to close at N2.70 per share.

National Salt Company of Nigeria (NASCON) followed with a similar percentage increase, closing at N40.85 per share.

FCMB gained 9.63 per cent to close at N7.40, International Breweries advanced by 9.59 per cent to close at four Naira.

Also, Dangote Sugar grew by 9.56 per cent to close at N47 per share.

On the flip side, International Energy Insurance led the losers’ chart with a 9.68 per cent decrease to close at N1.40 per share.

Jaiz Bank trailed with a 6.52 per cent decline to close at N2.15 per share.

Tantalizer lost six per cent to close at 47k, Nigerian Police Force Microfinance Bank declined by 5.88 per cent to close at N1.60 per share.

Fidson Healthcare Plc went down by 5.40 per cent to close at N14.90 per share.

Trade turnover settled lower relative to the previous session, with the value of transactions down by 27.60 per cent.

A total of 518.95 million shares valued at N4.77 billion were exchanged in 7,781 deals, compared to 559.61 million shares valued at N6.58 billion exchanged in 7,990 deals on Tuesday.

Abbey Mortgage Bank led the volume chart for the second time with 230.35 million shares valued at N621.91 million.

Access Corporation followed with 80.99 million shares worth 1.39 billion, while United Bank For Africa (UBA) traded 23.90 million shares valued at N541.69 million.

FCMB also transacted 18.66 million shares worth N133.16 million, while Fidelity Bank sold 16.38 million shares valued at N154.84 million.

Trading at the Nigerian stock market started the week on a positive note, as all performance indices rose by 0.26 per cent.

Specifically, market capitalisation increased by N141 billion or 0.26 per cent to close at N55.359 trillion, as against N55.218 trillion posted previously.

Consequently, the All-Share Index which opened at  97,612.51, also gained 0.26 per cent or 251 points to close at 97,863.34.

As a result, the ASI year-to-date (YTD) return rose to 30.88 per cent.

Demand for Tier-one banking stocks such as Zenith Bank, FBN Holdings and Guaranty Trust Holding Company (GTCO), United Bank For Africa (UBA), Fidelity Bank, as well as Guinness Nigeria, among other equities that pulled the market performance up.

However, market breadth closed negative with 22 losers and 15 gainers on the floor of the Exchange.

On the losers’ table, Computer Warehouse Group (CWG) and Caverton led by 10 per cent each to close at N5.40 and N1.26 per share respectively.

C&I Leasing lost 9.01 per cent to close at N3.13, FTN Cocoa Processors and RT Briscoe declined by 8.33 per cent each to close at N1.10 and 44k per share respectively.

On the other hand, JohnHolt led by 9.60 per cent to close at N2.17, Fidelity Bank followed by 8.43 per cent to close at nine Naira per share.

Conoil rose by 8.36 per cent to close at 8.36 per cent to close at N105, Mutual Benefits added 7.69 per cent to close at 56k and Jaiz Bank advanced  by 6.02 per cent to close at N2.29 per share.

Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 62.27 per cent.

A total of 366.98 million shares valued at N5.94 billion were exchanged in 8,031 deals, in contrast to 769.10 million shares valued at N15.74 billion exchanged in 7,585 deals recorded in the previous session.

Meanwhile, Access Corporation led the activity chart in volume and value with 176.23 million shares worth N2.99 billion, followed by FBN Holdings with 46.11 million shares valued at N978.71 million.

UBA sold 21.16 million shares worth N432.83 million, Fidelity traded 17.73 million shares valued at N156.16 million and FTN Cocoa transacted 10.82 million shares worth N11.88 million shares.

The stock market on the Nigerian Exchange Ltd. (NGX) declined further, losing N84 billion due to continuous sell-offs, primarily in Tier-one banking stocks and other blue-chips.

Major declines in stocks such as Guaranty Trust Holding Company (GTCO), Zenith Bank, United Bank For Africa (UBA), Cadbury Nigeria, Guinness, and Nigerian Breweries contributed to the negative trend.

As a result, the NGX market capitalisation, which started at N55.508 trillion, dropped by 0.15 per cent to close at N55.424 trillion.

The All-Share Index also fell by 0.15 per cent or 150 points, settling at 97,978.02, compared to the previous day’s 98,128.00.

The Year-To-Date (YTD) return decreased to 31.03 per cent.

Market breadth remained negative with 28 gainers and 17 losers.

Among the top losers were Skyway Aviation Handling Plc, NEM Insurance, FTN Cocoa Processors, Tantalizers, and Japaul Gold Group, while C&I Leasing Plc, Caverton, Chams, Consolidated Hallmark Holdings Ltd., and Veritas Kapital recorded gains.

Trade turnover increased by 41.67 per cent from the previous session, with 316.45 million shares valued at N7.70 billion exchanged in 7,852 deals.

UBA led in volume with 50.32 million shares valued at N984.76 million, followed by GTCO with 38.54 million shares valued at N1.43 billion, and Zenith Bank with 28.94 million shares valued at N878.76 million.

Transnational Corporation traded 21.64 million shares worth N225.98 million and Julius sold 17.64 million shares valued at N1.46 billion to lead the table in value.

The Nigerian Exchange Ltd. (NGX) on Thursday posted a first week gain with the market capitalisation rebounding by N467 billion, amid renewed interests by investors.

Specifically, the market capitalisation which opened at N55,058 trillion, gained N467 billion or 0.84 per cent, to close at N55,525 trillion.

The All-Share Index also advanced by 813.3 points or 0.84 per cent  to close at 98,156.71, in contrast to 97,343.42 recorded on Wednesday.

Investors improved buy interest in the stocks of Airtel, Nigerian Breweries, Fidelity Bank and some insurance companies drove the market to a positive terrain.

Consequently, the Year-To-Date (YTD) return rose to 31.27 per cent.

Mr Sam Ndata, a Doyen of the Capital Market, told the News Agency of Nigeria (NAN) that the flip-flop trading sessions were not unusual for a perfect market.

Ndata said that a regular market would continue to fluctuate up and down to balance trading.

He explained that many investors were improving their buy interest in the stocks of insurance companies and some other blue-chips, while taking profits in the Tier-one banking stocks, due to the ongoing recapitalisation process.

According to him, investors are monitoring the performances of bank stocks to know those that would survive the recapitalisation phase before investing.

“The beauty of the market is that it will continue to go up and down, as that is what makes it a perfect market.

“Investors would continue to sway from one sector to another as they monitor the policies that may affect them either positively or negatively, “he said.

However, the market breadth closed negative with 24 declined equities outnumbering 15 advanced ones.

On the losers’ table, Eterna led by 9.89 per cent to close at N12.30, FCMB trailed by 8.28 per cent to close at N6.65 per share.

Omatek dropped 6.94 per cent to close at 67k, Unity Bank lost 5.88 per cent to close at N1.60 and FBN Holdings 5.36 per cent to close at N22.95 per share.

Conversely, Guinea Insurance and Royal Exchange Assurance led the gainers’ table by 10 per cent each to close at 33k and 55k per share respectively.

Airtel Africa gained 8.97 per cent to close at N2,150 and International Energy Insurance rose by 7.84 per cent to close at N1.65 and Prestige Assurance added 5.88 per cent to close at 54k per share.

Analysis of the market activity showed that trade turnover settled 24.95 per cent higher than the previous session.

A total of 409.77 million shares valued at N8.93 billion were exchanged in 7,296 deals, compared to 355.55 million shares valued at N7.14 billion traded in 7,333 deals recorded on Wednesday.

Custodian led the activity chart in volume with115.53 million shares valued at N1.38 billion, Nigeria Breweries followed 83.75 million shares worth N1.93 billion to lead the value chart.

United Bank of Africa(UBA)traded 26.06 million shares valued at N560.54 million, Access Corporation traded 24.18 million shares worth N409.80 million.

Guaranty Trust Holding Company(GTCO) transacted 22.93 million shares valued at N946.86 million.

Trading opened negatively on the Nigerian Exchange Ltd. (NGX) on Monday with the market capitalisation dropping by N297 billion.

The market capitalisation closed lower at N55.264 trillion compared with N55.561 trillion, a decrease of 0.53 per cent.

Also,  All-Share index also went down by 0.53 per cent or 525.02 points to close at 97,708.74, as against 98,233.76 recorded on Friday.

As a result, the Year-To-Date(YTD) return fell to 35.07 per cent.

Equities that dragged the market down included: Seplat, United Bank of Africa (UBA), Access Corporation, PZ Cussons Nigeria, Transnational Corporation, Nigerian Breweries, ETranzact, among others.

Meanwhile, the market breadth closed negative with 24 declined stocks outnumbering 19 advanced ones.

On the losers’ chart, Seplat led by N329.10 to close at N2,962.30, PZ trailed by N2.75 to close at N25 and ETranzact lost 60k to close at N5.60 per share.

Unity Bank declined by 15k to close at N1.68 and National Salt Company of Nigeria(NASCON)shed three Naira to close at N37 per share.

Conversely, Tantalizers and the Initiates Plc led the gainers’ table by 4k and 20k each to close at 50k and N2.50 per share.

Sterling Nigeria added 24k to close at N4.70, Ikeja Hotel gained 38k to close at N7.45 and UPL rose by 10k to close at N2.25 per share.

Analysis of the market activity showed that trade turnover settled 51.25 per cent higher than the previous session.

Investors traded a total of 439.10 million shares valued at N11.38 billion in 8,607, in contrast to 344.38 million shares valued at N7.52 billion in 8,497 deals posted previously.

Notore of the NGX industrial goods sector led the volume and value table with 74.43 million shares worth N4.65 billion and Access Corporation followed with 43.05 million shares valued at N749.94 million.

Universal Insurance sold 38.33 million shares valued at N13.95 million, UBA transacted 37.28 million shares worth N903.10 million and Regency Alliance Insurance traded 31.99 million shares worth N10.28 million.

The stock market of the Nigerian Exchange Ltd. (NGX) on Monday closed flat as the capitalisation declined by N2 billion amid sell-offs in Dangote Sugar and 19 other stocks.

Notably, the market capitalization, which opened at N55.554 trillion, shed N2 billion to close at N55.552 trillion.

Consequently, the All-Share Index also lost five points to settle at 98,223.97, in contrast to 98,228.50 posted on Tuesday.

As a result,the Year-To-Date (YTD) return slipped to 31.36 per cent.

Sell-offs in banking stocks such as: Zenith Bank, Guaranty Trust Holding Company (GTCO), Access Corporation,as well as, PZ Cussons Nigeria, International Breweries, Dangote Sugar, among other declined equities, left the market in the red.

Also, the market breadth closed negative with 20 losers and 14 gainers.

On the losers’ table, PZ led by 10 per cent to close at N34.20, International Breweries trailed closely by 9.89 per cent to close at N3.92 per share.

McNichols Plc lost 9.73 per cent to close at N1.02, Sterling Nigeria dropped 9.59 per cent to close at N4.43 and Linkage Assurance went down by 9.41 per cent to close at 77k per share.

Conversely, Okomu Oil led the gainers’ table by 9.98 per cent to close at N255.70, Tantalizers followed by 8.33 per cent to close at 39k and Cutix gained 5.26 per cent to close at three Naira per share.

The Initiative Plc rose by 4.76 per cent to close at N2.20 and WAPIC advanced by 4.4 per cent to close at 71 kobo per share.

Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 9.94 per cent.

A total of 319.08 million shares valued at N9.18 billion were exchanged in 8,121 deals, compared to 425.66 million shares valued at N8.35 billion exchanged in 9,620 deals traded at the previous session.

Meanwhile, the United Bank of Africa (UBA) led the volume chart with 79.98 million shares valued at N2.07 billion, Transnational Corporation followed by 38.59 million shares worth N472.37 million.

Access Corporation sold 34.07 million shares valued at N594.52, GTCO 25.21 million shares worth N968.61 million, while Fidelity Bank transacted 12.62 million shares valued at N112.98 million.

The equities market declined on Friday, with profit-taking in stocks such as Zenith Bank, Guaranty Trust Holding Company (GTCO), Wema Bank, Nigerian Breweries, and Nestle Nigeria, among others.

Following a flip-flop trading session, the market capitalisation which opened at N55,520 trillion, lost N9 billion or 0.02 per cent, to close at N55.511 trillion.

The All-Share Index also dropped 0.02 per cent or 16.4 points, to close at 98,152.91, in contrast to 98,169.30 recorded on Thursday.

Consequently, the Year-To-Date (YTD) return on the index slipped to 31.27 per cent, while the market breadth closed negative with 19 losers and 18 gainers.

Meanwhile, Sovereign Trust Insurance led the losers’ log by 10 per cent to close at 36k, Regency Alliance Insurance trailed closely by 9.76 per cent to close at 37k per share.

Unity Bank lost 7.65 per cent to close at N1.69, Japaul Gold Group declined by 6.83 per cent to close at N1.91 and Wema Bank shed 6.72 per cent to close at N6.25 per share.

Conversely, FBN Holdings, Stanbic, NGX Group led the gainers’ log by 10 per cent each to close at N20.35, N49.50, N23.10 per share respectively.

Livestock Feed followed closely by 9.93 per cent to close at N1.66, while Vitafoam Nigeria rose by 9.91 per cent to close at N18.85 per share.

Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 22.92 per cent.

A total of 265.07 million shares valued at N5.02 billion were exchanged in 6,582 deals, as against 297.20 million shares valued at N6.52 billion exchanged in 7,417 deals posted in the previous session.

UBA led the activity chart in volume and value with 42.35 million shares traded in deals worth N980 million, followed by Access Corporation with 28.55 million shares worth N473.11 million.

The Initiative Plc sold 26.55 million shares worth N48.02 million, Zenith Bank traded 23.94 million shares valued at N788.67 million and GTCO transacted 16.55 million shares worth N592.20 million.

Bullish sentiment returned to the Nigerian stock market on Thursday, following investors’ interest in MTN Nigeria, Transcorp Hotel, United Bank of Nigeria(UBA), among other advanced equities.

Specifically, the market capitalisation, which opened at N55.494 trillion, gained N26 billion or 0.05 per cent to close at N55.520 trillion.

The All-Share Index also rose by 0.05 per cent or 48 points to close at 98,169.30, compared to 98,121.30 recorded on Wednesday.

As a result, the Year-To-Date (YTD) return rose to 31.29 per cent.

Market breadth closed negative with 24 declined equities and 16 advanced others on the floor of the Exchange.

On the losers’ side, Sterling Nigeria led by 9.69 per cent to close at N3.82, Computer Warehouse Group trailed by 9.57 per cent to close at N5.20 per share.

International Energy Insurance lost 9.30 per cent to close at N1.17, The Initiative Plc declined by 9.09 per cent to close at N1.80 and Omatek dropped 8.43 per cent to close at 76k per share.

On the flip side, Transcorp Hotel led by 9.75 per cent to close at N96.50, Livestock Feed Plc followed closely by 9.42 per cent to close at N1.51 per share.

Tantalizers also gained 9.38 per cent to close at 35k, Sunu Assurances rose by 7.44 per cent to close at N1.30 and Wapic Insurance added 6.15 per cent to close at 69k per share.

Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 31.95 per cent.

A total of 297.20 million shares valued at N6.52 billion, exchanged in 7,417 deals, in contrast to
395.75 million shares valued at N9.58 billion were exchanged in 7,907 deals posted previously.

Zenith Bank led the activity chart in volume and value with 48.49 million shares worth N1.77 billion, Access Corporation followed by 39.88 million shares valued at N639.98 million.

Transnational Corporation sold 28.47 million shares valued at N397.34 million, UBA traded 22.94 million shares valued at N523.55 million and Nigerian Breweries transacted 20.29 million shares worth N560.16 million.

The Nigerian Exchange Ltd. (NGX) rebounded on Wednesday, gaining N57 billion to close at N56.504 trillion.

This increase follows eight consecutive sessions of losses.

The market capitalisation, which opened at N56.447 trillion, rose by 0.10 per cent to reach N56.504 trillion by the close of trading.

Similarly, the All-Share index saw a 0.10 per cent increase or 101 points, closing at 99,908.89, compared to 99,808.34 posted on Tuesday.

As a result, the Year-To-Date (YTD) return rose to 33.61 per cent, reflecting renewed investor confidence.

The market saw notable buying interest in FBN Holdings, Access Corporation, Transnational Corporation, Guinea Insurance, Ikeja Hotel, and other top-performing stocks.

However, the market breadth closed negative with 17 gainers and 28 losers.

On the losers’ table, Livestock led with a 10 per cent decline to close at N1.44 per share.

International Energy Insurance and Computer Warehouse Group followed,  trailing by 9.79 per cent each, to close at N1.29 and N6.45 per share, respectively.

FTN Cocoa Processors declined by 9.72 per cent to close at N1.30, while Africa Prudential shed 9.42 per cent to close at N6.25 per share.

Conversely, Ikeja Hotel led with a 10 per cent gain to close at N7.26 per share, followed by Fidelity Bank, which gained 9.88 per cent to close at N8.90 per share.

Academy Press also recorded a gain of 9.77 per cent to close at N1.91, while Morison Industries Plc added 9.71 per cent to close at N3.39, and Prestige Assurance Plc rose by 9.26 per cent to close at 59k per share.

However, despite the positive momentum, trade turnover settled lower relative to the previous session, with the value of transactions down by 30.56 per cent.

A total of 322.66 million shares valued at N5.82 billion were exchanged in 9,074 deals, compared to 403.89 million shares valued at N8.38 billion traded in 10,170 deals on Tuesday.

United Bank For Africa (UBA) led the activity in volume with 55.01 million shares valued at N1.30 billion, followed by Zenith Bank with 47.03 million shares worth N1.69 billion.

Access Corporation traded 44.98 million shares valued at N789.62 million, while Universal Insurance transacted 21.25 million shares valued at N7.87 million.

Transnational Corporation sold 15.92 million shares worth N211.40 million.

Positive performance returned to the equity market on Thursday, following investors’ interest in stocks of BUA Cement, Zenith Bank and other top traders, making it the first gain of the week.

Specifically, the market capitalisation, which opened at N58.947 trillion, gained N74 billion or 0.13 per cent, to close at N59.021 trillion.

The All-Share Index also added 0.13 per cent or 131 points to settle at 104,387.47 from 104, 256.81 posted on Wednesday.

Investors interest in the shares of large and medium equities such as Transnational Corporation (Transcorp), Guaranty Trust Holding Company(GTCO), Access Corporation(AccessCorp), Guinea Insurance and Guinness Nigeria Plc also pulled the market up.

Particularly, AccessCorp whose flagship subsidiary, Access Bank on Wednesday began the process of acquiring the entire issued share capital of National Bank of Kenya Ltd. (NBK) witnessed an increase in its share price by 2.83 per cent.

At the end of day’s trading session, the share price of AccessCorp, which opened at N22.95 gained 65k, to close at N23.60 per share.

AccessCorp which also sold 17.97 million shares valued at N413.02 million on Wednesday, traded 32.02 million shares worth N750.04 million on Thursday.

However, the market breadth closed negative with 29 equities on thelaggard’s  table and 22 others on the gainer’s  table.

Deap Capital Management and Trust Plc led the loser’s table with a loss of 7k to close at 63k, followed by Tourist Company of Nigeria which declined by 28k to close at N2.56 per share.

Computer Warehouse Group (CWG) dropped 55k to close at N5.50, Caverton shed 15k to close at N1.60, Omatek lost 7k to close at 80k per share.

On the gainers table, Juli led by adding 65k to close at N7.15, Transcorp gained N1.35 to close at N14.90, while International Energy Insurance(IEI) rose by 14k to close at N1.59 per share.

E-Tranzact appreciated by 55k to close at N6.25 and Guinea Insurance grew by 3k to close at 39k per share.

Analysis of the market activities showed trade turnover was higher than the previous session, with the value of transactions up by 35.74 per cent.

A total of 336.82 million shares valued at N9.29 billion were exchanged in 8,790 deals compared to 298.65 million shares valued at N6.84 billion in 8,248 deals on Wednesday.

Meanwhile, United Bank of Africa (UBA) led the activity chart in volume and value with 63.88 million shares valued at N1.72 billion.

AccessCorp followed by 32.02 million shares worth N750.04 million.

Zenith Bank sold 21.77 million shares valued at N846.99 million, Transcorp traded 20.62 million shares worth N300.49 million and GTCO transacted 19.04 million shares valued at N894.62 million.