Tag: Stock Market

The stock market continued on a positive note on Thursday, as performance indices grew by 0.53 per cent amid increased buying interest and bargain hunting.

Market capitalisation rose by N403 billion, or 0.53 per cent, to close at N76.583 trillion, compared with N76.180 trillion on Wednesday.

Similarly, the All-Share Index (ASI) also increased by 637.27 points, or 0.53 per cent, to settle at 120,977.20.

The gain was driven by strong buying interest in medium and large-capitalised stocks such as Academy, Berger Paints, Deap Capital, Guinea Insurance, Unilever and 50 others.

Meanwhile, the market breadth also closed positive with 55 gainers and 15 losers.

On the gainers’ chart, Academy rose by 10 per cent, closing at N5.61 while Berger Paints also soared by 10 per cent, settling at N33 per share.

Deap Capital Management climbed by 10 per cent, ending the session at N1.10 while Guinea Insurance also gained by 10 per cent, finishing at 99k per share.

Similarly, Unilever grew by 9.96 per cent, closing at N56.85 per share.

On the other side, Neimeth International Pharmaceutical dropped by 8.49 per cent, settling at N7.22 while Legend Internet fell by 7.98 per cent, closing at N7.73 per share.

Computer Warehouse Group declined by 4.50 per cent, finishing at N13.80 and Sovereign Trust Insurance shed by 4.35 per cent, ending the session at N1.32 per share.

Also, VFD Group lost by 3.57 per cent, closing at N13.50 per share.

A total of 933.40 million shares worth N29.31 billion was traded across 24,207 transactions.

This is compared to 1.05 billion shares worth N12.17 billion that was exchanged across 21,964 transactions earlier.

Transactions in the shares of Universal Insurance topped the activity chart with 67.33 million shares worth N40.67 million.

This is followed by Access Corporation with 62.62 million shares valued at N1.46 billion while CHAMS sold 59.74 million shares worth N147.10 million.

Ja Paul Gold transacted 49.46 million shares valued at N147.88 million and Guaranty Trust Holding Company traded 40.64 million shares worth N3.37 billion.

The Nigerian Exchange Ltd. (NGX) rebounded on Wednesday, reversing four days of bearish trend with a gain of N378 billion.

The NGX market capitalisation rose by N378 billion representing 0.5 per cent, closing at N76.179 trillion, up from N75.801 trillion on Tuesday.

Similarly, the All-Share Index (ASI) increased by 598.67 points or 0.5 per cent, closing at 120,339.90, compared to 119,741.23 in the previous session.

The uptrend was driven by renewed investors’ interest in stocks like Cileasing, Cutix, Ellah Lakes, International Energy Insurance, Omatek and 56 others.

Also, the market breadth closed positive with 61 gainers and 16 losers.

On the advancers’ chart, Cileasing grew by 10 per cent, settling at N5.06 while Cutix also increased by 10 per cent, finishing at N3.96 per share.

Ellah Lakes soared by 10 per cent, closing at N9.24 and International Energy Insurance also rose by 10 per cent, ending the session at N1.98 per share.

Omatek Ventures gained by 10 per cent, closing at 88k per share.

On the decliners’ chart, Deap Capital dropped by 9.09 per cent, settling at N1.00 while John Holt decreased by 5.41 per cent, finishing at N7.00 per share.

Dangote Sugar declined by 5.32 per cent, ending the session at N44.50 and Universal Insurance fell by 4.76 per cent, finishing at 60k per share.

Oando shed by 4.73 per cent, closing at N52.35 per share.

1.05 billion shares worth N12.17 billion were exchanged across 21,964 transactions.

This is in contrast with 527.1 million shares worth N11.28 billion that was traded across 21,546 transactions earlier on Tuesday.

Transactions in the shares of Royal Exchange topped the activity chart with 218.7 million shares worth N229.11 million.

This is followed by Ja Paul Gold with 174.1 million shares valued at N473.44 million while Ellah Lakes transacted 83.5 million shares worth N762.23 million.

Wema Bank sold 71.13 million shares valued at N1.1 billion and CHAMS traded 37.6 million shares worth N87.14 million.

Reacting to the uptrend market performance, Mr Aruna Kebira, Managing Director of Globalview Capital Ltd., said, “The market has matured. The activities at the money market arena are revealing that the body language of the government is not more aggressive in borrowing.

“Rates are tanking, and there is a capital flight into the stock market. Liquidity is what is driving the prices of up.

“The market is moving every stock for now until the release of Q2 2025 market results, where it would discriminate against poor performers to arrive an equilibrium.

“Meanwhile, liquidity and expectation of interim dividends and capital market activities on the part of most issuers are responsible for the current bullish run.”

The Nigerian Stock Market ended the week bearish on Friday, with investors recording a loss of N491 billion.

Market capitalisation declined by N491 billion or 0.64 per cent, closing at N75.962 trillion from N76.453 trillion on Thursday.

Similarly, the All-Share Index dropped by 776.92 points or 0.64 per cent to 119,995.76 from 120,772.68 recorded previously.

The negative performance was driven by selloffs in stocks such as Legend Internet, BUA Cement, FTN Cocoa Processor, Oando and 28 others.

The market breadth also closed negative, with 32 stocks declining and 28 advancing.

Legend Internet led the losers, falling 9.98 per cent to close at N8.03 per share.

BUA Cement followed, dropping 9.92 per cent to close at N95.40 per share.

FTN Cocoa Processor declined 9.76 per cent, settling at N3.33, while Oando lost 8.72 per cent to close at N56.50.

McNichols also shed 8.44 per cent, finishing at N2.17 per share.

On the gainers’ chart, Neimeth Pharmaceuticals rose 10 per cent to close at N5.94 per share.

Learn Africa advanced by 9.91 per cent, ending the day at N5.10 per share.

Mecure gained 9.91 per cent to settle at N12.20, while Academy rose 9.44 per cent to N5.10 per share.

Smart Products Nigeria also increased by 9.09 per cent, closing at 60k per share.

A total of 625.78 million shares valued at N12.78 billion were traded in 21,800 transactions.

This contrasts with 892.97 million shares worth N18.23 billion traded in 25,375 transactions previously.

Ja Paul Gold led trading activity with 88.26 million shares worth N192.04 million.

It was followed by 80.04 million shares valued at N555.75 million in transactions.

Access Corporation sold 56.02 million shares worth N1.25 billion in trades.

Caverton recorded 53.98 million shares valued at N271.15 million.

Zenith Bank traded 30.55 million shares worth N1.76 billion.

The Nigerian stock market closed on a negative note on Thursday with key performance indicators dropping by 0.4 per cent. This is after a three-day consecutive downtrend.

The market capitalisation dropped by N308 billion, or 0.4 per cent, closing at N76.453 trillion, down from N76.761 trillion recorded on Wednesday.

Also, the All-Share Index shed 485.01 points or 0.4 per cent, closing at 120,772.68 from the previous close of 121,257.69.

The downward trend was driven by profit-taking among investors. Similarly, the market breadth closed negative with 37 losers and 33 gainers.

Thomas Wyatt Nigeria led the losers’ chart, declining by 10 per cent, closing at N2.07 while Nigerian Aviation Handling Company dropped at 9.99 per cent, settling at N91 per share.

Oando Plc fell by 9.96 per cent, closing at N61.90 and ABC Transport lost by 8.92 per cent, finishing at N2.45 per share.

Similarly, Champion Breweries shed by 8.34 per cent, closing at N10 per share.

On the gainers’ chart, SFS Real Estate Investment Trust rose by 10 per cent, closing at N249.25 while Unilever also soared by 10 per cent, settling at N51.70 per share.

Neimeth International Pharmaceutical increased by 9.98 per cent, ending the session at N5.40 and UACN gained by 9.97 per cent, finishing at N38.05 per share.

Also, CAP Plc grew by 9.92 per cent, settling at N47.10 per share.

A total of 892.97 million shares worth N18.23 billon was exchanged across 25,375 transactions.

This is in contrast with 861.67 million shares worth N26.18 billion that was exchanged across 22,896 transactions earlier on Wednesday.

Transactions in the shares of Ellah Lakes topped the activity chart with 113.49 million shares worth N851.09 billion.

Access Corporation followed with 76.19 million valued at N1.74 billion while Caverton Offshore Support Group sold 64.86 million shares worth N334.83 million.

Ja Paul Gold traded 61.56 million shares valued at N126.66 million and Zenith Bank transacted 60.30 million shares worth N3.47 billion.

The Nigerian stock market closed on a positive note Wednesday, adding N1.185 trillion to its value.

Market capitalisation surged by 1.57 per cent to reach N76.761 trillion, up from N75.576 trillion recorded on Tuesday.

Similarly, the All-Share Index (ASI) rose by 1,466.87 points, or 1.22 per cent, settling at 121,257.69 from its previous close of 119,790.82.

This uptrend was fueled by strong buying interest in medium and large-capitalised stocks including Dangote Sugar, Oando, Cileasing, Champion Breweries and 59 other stocks.

Also, the market breadth closed positive, with 63 gainers and 17 losers.

On the gainers’ chart, Dangote Sugar rose by 10 per cent, closing at N48.40 while Oando Plc also increased by 10 per cent, settling at N68.75 per share.

Cileasing grew by 9.98 per cent, finishing at N5.18 and Champion Breweries soared by 9.98 per cent, ending the session at N10.91 per share.

Similarly, Computer Warehouse Group gained by 9.95 per cent, closing at N11.60 per share.

On the flip side, University Press dropped by 6.25 per cent, finishing at N6 while RT Briscoe fell by 6.12 per cent, closing at N2.30 per share.

Multiverse Mining declined by 4.89 per cent, settling at N8.75 and Meyer shed by 4.69 per cent, ending the session at N9.15 per share.

Also, Computer Warehouse Group lost by 4.15 per cent, closing at N3 per share.

A total of 861.67 million shares worth N26.18 billion were exchanged across 22,896 transactions.

This is compared to 868.68 million shares worth N23.71 billion shares that was were traded across 22,207 transactions earlier.

Transactions in the shares of Fidelity Bank topped the activity chart with 82.98 million shares worth N1.66 billion.

Caverton Offshore Support Group followed with 64.18 million shares valued at N319.69 million while Zenith Bank transacted 60.62 million shares worth N3.45 billion.

Ja Paul Gold traded 56.26 million shares valued at N115.35 million and Access Corporation sold 48.59 million shares worth N1.12 billion.

The Nigerian stock market continued its upward trajectory, with a gain of N754 billion on Tuesday.

Market capitalisation rose by N754 billion or 1.02 per cent, closing at N75.576 trillion when compared to N74.812 trillion recorded on Monday.

Similarly, the All-Share Index (ASI) climbed by 1,211.17 points or 1.02 per cent to reach 119,790.82 as against 118,579.65 recorded on Monday.

The upward trend was driven by strong buying interest in medium and large-capitalised stocks, like: Beta Glass, Dangote Sugar, Okomu Oil and 58 others.

Also, the market breadth closed positive with 61 gainers and 23 losers.

Beta Glass led the gainers’ Chart by 10 per cent, ending the session at N333.95 while Dangote Sugar also increased by 10 per cent, closing at N44.00 per share.

Okomu Oil soared by 10 per cent, settling at N748.00 and UPDC Real Estate Investment Trust climbed by 10 per cent, finishing at N3.30 per share.

Also, Champion Breweries grew by 9.98 per cent, closing at N9.92 per share.

On the losers’ chart, DAAR Communications fell by 7.81 per cent, settling at 59k while Prestige Assurance shed by 5.56 per cent, closing at N1.02 per share.

Industrial Medical Gases dropped by 4.30 per cent, finishing at N33.40 and NPF Micro Finance Bank declined by 4.25 per cent ending the session at N2.03 per share.

Similarly, Aradel Holdings dipped by 4.06 per cent, closing at N515.00 per share.

A total of 868.68 million shares worth N23.71 billion shares were traded across 22,207 transactions.

This is in contrast with 653.66 million shares worth N21.33 billion that was exchanged across 22,206 transactions earlier.

Transactions in the shares of Livingtrust Mortgage Bank topped the activity chart with 112.27 million shares worth N415.68 million.

Royal Exchange followed with 103.58 million shares valued at N113.79 million while Fidelity Bank transacted 83.93 million shares worth N1.63 billion.

Access Corporation sold 55.60 million shares valued at N1.26 billion and Zenith Bank traded 34.21 million shares worth 1.77 billion.

The Nigerian stock market continued on a bullish trend on Thursday, gaining N677 billion, representing a two-day positive trend.

Market capitalisation rose by N677 billion or 0.92 per cent, closing at N74.358 trillion when compared to N73.681 trillion recorded on Wednesday.

Similarly, the All-Share Index (ASI) climbed 1,074.26 points or 0.92 per cent, reaching 117,861.13 from 116,786.87 recorded on Wednesday.

The uptrend was driven by strong buying interest in medium and large-capitalised stocks like Ikeja Hotel, Beta Glass, Legend Internet, University Press, Eterna and 38 other stocks.

The market breadth closed positive with 43 gainers and 20 losers.

On the gainers’ chart, Ikeja Hotel increased by 10 per cent, closing at N15.40 while Beta Glass rose by 9.98 per cent, ending the session at N276 per share.

Legend Internet soared by 9.92 per cent, finishing at N7.20 and University Press gained by 9.85 per cent, settling at N6.02 per share.

Similarly, Eterna climbed by 9.82 per cent, closing at N42.50 per share.

On the flip side, Guinea Insurance dropped by 9.21 per cent, settling at 69k while Haldane McCall declined by 5.88 per cent, finishing at N4.00 per share.

C & I Leasing fell by 5.84 per cent, closing at N4.35 and McNichols Plc shed by 5.58 per cent, ending the session at N2.20 per share.

Also, Fidson Healthcare lost by 4.65 per cent, closing at N41 per share.

A total of 893.97 million shares worth N22.03 billion was exchanged across 17,257 transactions.

This is compared to 640.08 million shares valued at N26.01 billion that was traded across 19,727 deals earlier.

Transactions in the shares of Champion Breweries topped the activity chart with 332.29 million shares valued at N2.27 billion.

Guaranty Trust Holding Company followed with 62.67 million worth N5 billion while PZ Cussons sold 46.58 million shares valued at N1.48 billion.

Zenith Bank traded 37.55 million shares worth N1.89 billion and Access Corporation transacted 35.99 million valued N787.11 million.

The Nigerian stock market extended its losses on Tuesday, with investors recording a decline of N183 billion in total market value.

Specifically, the Nigerian Exchange Ltd. (NGX) saw its market capitalisation fall to N72.497 trillion from N72.680 trillion recorded on Monday.

The All-Share Index dropped by 348.61 points or 0.30 per cent, closing at 114,910.16 compared to 115,258.77 in the previous session.

The decline followed price depreciation in shares of Transcorp Power, Oando, Ellah Lakes, Omatek, Custodian Investment, and 30 other listed companies.

Market breadth closed negative, with 35 equities declining while 29 posted gains at the end of trading.

Transcorp Power Plc led the losers, dropping 9.98 per cent to close at N295.70 per share.

Oando Plc followed with a 9.97 per cent fall, closing at N58.25, while Ellah Lakes shed 9.87 per cent to finish at N4.29.

Omatek declined by 9.33 per cent, ending at 68k per share, while Custodian Investment Plc dropped 8.63 per cent to settle at N22.75.

On the gainers’ side, Cileasing rose by 10 per cent to close at N4.62, with Learn Africa also gaining 10 per cent to reach N4.18.

Mutual Benefits Assurance appreciated 10 per cent to finish at N1.10, while University Press rose 9.82 per cent to end at N5.48.

Deap Capital Management also advanced by 8.64 per cent, ending the day at 88k per share.

Total turnover stood at 787.31 million shares valued at N25.67 billion, traded across 23,170 deals.

This compared with 721.75 million shares worth N22.01 billion exchanged in 22,100 transactions on Monday.

Zenith Bank led the activity chart, trading 96.23 million shares valued at N4.25 billion.

Guaranty Trust Holding Company followed with 83.36 million shares worth N6.24 billion, while United Bank for Africa sold 65.16 million shares for N2.11 billion.

Access Corporation recorded 64.21 million shares valued at N1.30 billion, and Ecobank Transnational Incorporated traded 51.73 million shares worth N1.57 billion.

The stock market opened the week on a negative note on Monday, with key performance indicators dropping by 0.15 per cent.

The market capitalisation dropped by N108 billion, or 0.15 per cent, closing at N72.680 trillion, down from N72.788 trillion recorded on Friday.

Also, the All-Share Index shed 170.77 points or 0.15 per cent, closing at 115,258.77 from the previous close of 115,429.54.

The downward trend was driven by profit-taking among investors.

Similarly, the market breadth closed negative with 43 losers and 21 gainers.

Northern Nigeria Flour Mills led the losers’ chart dropping by 10 per cent, closing at N101.30 while Cileasing fell by 9.68 per cent, finishing at N4.20 per share.

University Press shed by 9.27 per cent, ending the session at N4.99 and Deap Capital Management declined by 8.99 per cent, settling at 81k per share.

Also, Learn Africa lost by 8.43 per cent, closing at N3.80 per share.

On the gainers’ chart, Guinea Insurance increased by 10 per cent, settling at 77k while Ellah Lakes gained by 9.93 per cent, ending the session at N4.76 per share.

Legend Internet soared by 9.87 per cent, closing at N7.79 and Royal Exchange climbed by 9.68 per cent, finishing at N1.02 per share.

Fidson Health rose by 9.64 per cent, closing at N42.10 per share.

A total of 721.75 million shares worth N22.01 billion were exchanged across 22,100 transactions.

This is compared to 933.26 million shares worth N17.95 billion were traded across 20,500 deals.

Access Corporation led the activity chart with 92.70 million shares, worth N1.90 billion.

United Bank for Africa followed with 91.36 million shares valued at N3.09 billion while Zenith Bank sold 76.84 million worth N3.56 billion.

Fidelity Bank traded 49.99 million shares, valued at N883.99 million and Guaranty Trust Holding Company transacted 40.46 million shares worth N2.85 billion.