Tag: Stock Market

The Nigerian stock market opened bullish on Monday, resulting in a gain of ₦152 billion for investors. This extended the previous week’s four-day rally.

The uptrend was driven by increased investor interest in stocks such as Cutix, International Energy Insurance, TIP, Caverton Offshore Support, and 37 others.

Specifically, market capitalisation opened at ₦83.241 trillion and added ₦152 billion or 0.18 per cent to close at ₦83.393 trillion.

The All-Share Index rose by 0.18 per cent or 241.11 points, closing at 131,826.77 from 131,585.66 on Friday. However, market breadth closed negative, with 41 stocks declining and only 31 advancing.

Meyer topped the losers’ chart, shedding 10 per cent to close at ₦18.90 per share. McNicholas followed, dropping by 9.95 per cent to finish at ₦3.44 per share.

Thomas Wyatt Nigeria lost 9.84 per cent to end at ₦3.39, while Deap Capital shed 9.77 per cent to close at ₦1.20.

Sovereign Trust Insurance also declined, losing 9.63 per cent to settle at ₦1.22 per share. Cutix led the gainers’ table, rising by 10 per cent to close at ₦4.07 per share.

International Energy Insurance also advanced by 10 per cent, finishing at ₦2.20 per share. NCR Nigeria gained 10 per cent, closing at ₦7.26, while The Initiates Plc rose by 9.97 per cent to ₦11.03.

Caverton Offshore Support advanced by 9.75 per cent to settle at ₦7.09 per share.

Overall, 706.04 million shares worth ₦21.56 billion were traded in 30,750 transactions. This compares to 3.35 billion shares worth ₦62.39 billion exchanged in 28,593 deals on Friday.

Access Corporation led activity with 61.73 million shares traded, worth ₦1.64 billion.

Consolidated Hallmark Holdings followed, trading 43.98 million shares valued at ₦133.78 million.

CHAMS sold 38.66 million shares, amounting to ₦118.43 million in value. United Bank for Africa transacted 32.89 million shares worth ₦1.50 billion. Zenith Bank traded 24.60 million shares, valued at ₦1.73 billion.

The Nigerian stock market closed the week on a positive note on Friday as investors gained N824 billion.

This was the fourth positive market performance in the week, after a week uptrend in the previous week.

Market capitalisation surged by 1.00 per cent to reach N83.241 trillion, up from N82.417 trillion recorded on Thursday.

Similarly, the All-Share Index (ASI) rose by 1,301.79 points, or 1.00 per cent, settling at 131,585.66 from its previous close of 130,283.87.

This uptrend was fueled by strong buying interest in medium and large-capitalised stocks including Learn Africa, NCR Nigeria, UPDC, Ellah Lakes, BUA Cement and 41 other stocks.

Also, the market breadth closed positive, with 46 gainers and 25 losers.

NCR Nigeria led the gainers’ chart leading by 10 per cent, ending the session at N6.60 while Learn Africa also increased by 10 per cent, closing at N6.27 per share.

UPDC soared by 10 per cent, settling at N4.84 and Ellah Lakes rose by 9.98 per cent, finishing at N10.80 per share.

Also, BUA Cement gained by 9.98 per cent, closing at N123.40 per share.

On the flip side, Red Star Express declined by 9.97 per cent, settling at N12.92 while Union Dicon Salt dropped by 9.62 per cent, ending the session at N10.80 per share.

Academy shed by 6.67 per cent, finishing at N7.00 and Sterling Nigeria lost by 4.34 per cent, closing at N6.17 per share.

Similarly, First Bank Holding Company fell by 4.10 per cent, settling at N33.95 per share.

3.35 billion shares worth N62.39 billion shares were traded across 28,593 transactions.

This is compared to 1.19 billion shares worth N42.76 billion that was exchanged across 37,418 transactions earlier on Thursday.

Transactions in the shares of First City Monument Bank topped the activity chart with 1.31 billion shares worth N12.63 billion.

Fidelity Bank followed with 1.15 billion shares valued at N23.04 billion while Access Corporation transacted 113.8 million shares worth N3.07 billion.

CHAMS sold 92.62 million shares valued at N293.87 million and Zenith Bank traded 50.7 million shares worth N3.66 billion.

The Nigerian stock market continued on a positive note on Wednesday, adding N1.44 trillion to its value.

Market capitalisation surged by 1.80 per cent to reach N81.584 trillion, up from N80.143 trillion recorded on Monday.

Similarly, the All-Share Index (ASI) rose by 2,277.54 points, or 1.80 per cent, settling at 128,967.08 from its previous close of 126,689.54.

This positive trend was fueled by strong buying interest in medium and large-capitalised stocks including Nestlé Nigeria, Secure Electronic Technology, Omatek and 38 other stocks.

Meanwhile, the market breadth closed negative, with 45 losers 41 losers.

On the flip side, FTN Cocoa Processors lost by 10 per cent, closing at N7.02 while NPF Microfinance Bank also dropped by 10 per cent, finishing at N2.43 per share.

Cileasing fell by 9.97 per cent, ending the session at N7.13 and Champion Breweries declined by 9.96 per cent, closing at N12.29 per share.

Also, Academy shed by 9.95 per cent, settling at N8.33 per share.

Nestlé Nigeria led the gainers’ chart, increasing by 10 per cent, settling at N1,650.00 while Eunisell Interlinked Plc also grew by 10 per cent, finishing at N14.85 per share.

Omatek Ventures gained by 10 per cent, ending the session at N1.76 and Secure Electronic Technology also climbed by 10 per cent, closing at N1.21 per share.

Tripple Gee rose by 9.92 per cent, finishing at N4.32 per share.

11.67 billion shares worth N363.4 billion were traded across N36,635 transactions, compared to 1.29 million shares worth N32.2 billon that was exchanged across 39,437 transactions earlier on Monday.

Transactions in the shares of First Bank Holding Company topped the activity chart with 10.47 billion shares, worth N324.5 billion.

United Bank for Africa followed with 157.54 million shares, worth N7.62 billion while Access Corporation traded 124.6 million shared valued at N3.27 billion.

Universal Insurance sold 124.1 million shares worth N89.99 million and Zenith Bank transacted 66.3 million shares valued at N5.1 billion.

The Nigerian stock market opened bullish on Monday, leading to N340 billion in gains for investors. It also sustained the previous week’s five-day upward trend.

The uptrend was driven by increased investors interest in stocks like: Ikeja Hotel, Transcorp, Okomu Oil and and 42 other stocks.

Specifically, the market capitalisation, which opened at N79.803 trillion, added 340 billion or 0.43 per cent to close at N80.143 trillion.

The All-Share Index also gained 0.43 per cent or 539.95 points, to settle at 126,689.54 against 126,149.59 recorded on Friday.

Meanwhile, the market breadth also closed positive with 45 gainers and 36 losers.

Secure Electronic Technology led the advancer chart, increasing by 10 per cent, closing at N1.10 while ABBEY Mortgage Bank soared by 9.99 per cent, settling at N7.60 per share.

Ikeja Hotel gained by 9.95 per cent, finishing at N22.10 and Mc Nicholas grew by 9.92 per cent, ending the session at N4.32 per share.

Also, Tripple Gee rose by 9.78 per cent, closing at N3.93 per share.

On the flip side, Cutix dropped by 10 per cent, settling at N4.14 while RT Briscoe also declined by 10 per cent, ending the session at N3.96 per share.

Tantalizer lost by 10 per cent, finishing at N2.70 and Caverton Offshore Support Group also shed by 10 per cent, closing at N7.20 per share.

Neimeth International Pharmaceutical gained by 9.95 per cent, settling at N8.24 per share.

A total of 1.29 million shares worth N32.2 billon were traded across 39,437 transactions, compared to 1.39 billion shares worth N30.55 billion that was exchanged across 33,399 transactions earlier.

Transactions in the shares of Access Corporation topped the activity chart with 138.03 million shares worth N3.50 billion.

Ja Paul Gold followed with 93.37 million shares valued at N292.93 million while AIICO Insurance traded 93.36 million shares worth N220.55 million.

United Bank for Africa sold 68.79 million shares valued at N3.05 billion and Jaiz Bank transacted 59.65 million shares worth N231.09 million.

Reacting to the market performance, Mr Tajudeen Olayinka, Chief Executive Officer of Wyoming Capital and Partners, said, “This is a good development. It is normal, and this appears to be some investors bringing huge funds into the market.

“However, we should expect some sessions of profit-taking in the coming days.”

The Nigerian stock market continued its upward trajectory, with a gain of N212 billion on Wednesday. This marks the third positive trading session in a week.

Market capitalisation rose by N212 billion or 0.28 per cent, closing at N76.970 trillion when compared to N76.758 trillion recorded on Tuesday.

Similarly, the All-Share Index (ASI) climbed by 335.74 points or 0.28 per cent to reach 121,989.67 as against 121,653.93 recorded on Tuesday.

The upward trend was driven by increased buying interest in stocks like: Omatek, Red Star Express, RT Briscoe, Cileasing and 56 other stocks.

Also, the market breadth closed positive with 60 gainers and 21 losers.

FG20203151 led the gainers chart, increasing by 12.10 per cent, closing at N108.20 while Omatek grew by 10 per cent, ending the session at N1.21 per share.

RT Briscoe rose by 10 per cent, settling at N3.85 and Red Star Express also climbed by 10 per cent, finishing at N11.11 per share.

Similarly, Cileasing soared by 10 per cent, closing at N7.26 per share.

On the flip side, Legend Internet dropped by 8.05 per cent, settling at N8 while Guinea Insurance declined by 7.14 per cent, finishing at N1.04 per share.

Eterna fell by 4.65 per cent, closing at N41 and ETranzact lost by 4.44 per cent, ending the session at N8.60 per share.

Regalins shed by 4.35 per cent, finishing at 88k per share.

888.70 million shares worth N15.609 were traded across 24,303 transactions, compared to the previous day’s N1 billion shares worth N19.48 billion that was exchanged across 24,770 transactions.

Transactions in the shares of Ja Paul Gold led the activity chart with 137.34 million shares worth N410.88 million.

Access Corporation followed by 83.04 million shares valued at 1.85 billion while AIICO Insurance traded 50 million shares worth N95.3 million.

Universal Insurance sold 41.95 million shares valued at N30.52 million and Ellah Lakes transacted 31.94 million shares worth N330.97 million.

The Nigerian stock market opened the week on a  bullish note on Monday, leading to N193 billion gains for investors and sustaining the previous week’s gain.

Specifically, the market capitalisation, which opened at N76,339 trillion, added 193 billion or 0.25 per cent to close at N76.532 trillion.

The positive performance was driven by increased investors interest in large capitalised stocks like Cadbury, Ellah Lakes, Tripple Gee, UPDCreit, Red Star Express and 50 others.

The All-Share Index also gained 0.25 per cent or 305.67 points, to settle at 121,295.33 against 120,989.66 recorded on Friday.

Also, the market breadth closed positive with 55 gainers and 23 losers.

Cadbury Nigeria led the advancers chart, increasing by 10 per cent, closing at N53.35 and Ellah Lakes also soared by 10 per cent, settling at N8.91 per share.

Tripple Gee rose by 10 per cent, ending the session at N2.97 while UPDCREIT also climbed by 10 per cent, finishing at N7.15 per share.

Also, Red Star Express grew by 9.92 per cent, closing at N9.20 per share.

On the flip side, Sunu Assurances shed by 10 per cent, settling at N4.50 while RT Briscoe declined by 9.59 per cent, finishing at N3.30 per share.

Prestige dropped by 9.09 per cent, closing at N1.20 and UPDC fell by 8.23 per cent, ending the session at N4.35 per share.

Berger Paints lost by 7.58 per cent, closing at N30.50 per share. 923.7 million shares worth N11 billion that was exchanged across 25,680 transactions earlier recorded.

Transactions in the shares of Universal Insurance topped the activity chart with 71.92 million shares worth N48.94 million.

First City Monument Bank followed with 61.4 million shares valued at N564.78 million while Ja Paul Gold transacted 53.34 million shares worth N136.1 million.

Access Corporation sold 42.02 million shares valued at N942.81 million and AIICO Insurance traded 40.10 million shares worth N64.84 million.

The stock market, on Friday, closed the week with mixed performances as investors lost N244 billion after two days gain.

The market capitalisation dropped by N244 billion, or 0.32 per cent, closing at N76.339 trillion, down from Thursday’s N76.583 trillion.

However, the All-Share Index grew by 0.01 per cent, increasing by 12.46 points to settle at 120,989.66 from the previous day’s 120,977.20.

The market breadth closed positive, recording 39 gainers compared to 27 losers by the end of trading.

On the gainers’ chart, Champion Breweries grew by 10 per cent, settling at N13.20 while John Holt also soared by 10 per cent, finishing at N7.70 per share.

Red Star Express increased by 9.99 per cent, closing at N8.37 and UPDC rose by 9.98 per cent, ending the session at N4.74 per share.

Also, Academy gained by 9.98 per cent, closing at N6.17 per share.

On the decliners’ chart, Ellah Lakes dropped by 10 per cent, setting at N8.10 and PZ Cussons also fell by 10 per cent, closing at N32.40 per share.

Ja Paul Gold declined by 9.70 per cent, ending the session at N2.70 while Royal Exchange shed by 9.49 per cent, finishing at N1.24 per share.

Mc Nicholas lost by 8.85 per cent, closing at N2.78 per share.

923.7 million shares worth N11 billion were exchanged across 25,680 transactions, compared to 933.40 million shares worth N29.31 billion that was traded across 24,207 transactions earlier on Thursday.

Transactions in the shares of Ja Paul Gold topped the activity chart with 147.1 million shares valued at N421.62.

WAPIC Insurance followed with 44.53 million shares worth 94.6 million while Access Corporation transacted 43.63 million shares valued at N984.3 million.

Conhall Plc sold 42.81 million shares worth N122.4 million and CHAMS traded 42 million shares valued at N107.89 million.