Tag: Stock Market

The stock market ended the week on a positive note on Friday, recording a gain of ₦486 billion.

The market only traded for three days as Monday and Thursday were declared public holidays for Eid Kabir and Democracy Day.

Market capitalisation rose by ₦486 billion or 0.67 per cent, closing at ₦72.788 trillion, up from ₦72.302 trillion on Wednesday.

The All-Share Index (ASI) gained 770.43 points or 0.67 per cent, closing at 115,429.54, up from its previous 114,659.11.

Gains were driven by interest in medium and large-cap stocks such as May & Baker, Infinity Trust, Stanbic IBTC, MRS, and others.

Market breadth also closed positive with 50 gainers compared to 22 losers.

May & Baker led the gainers, rising by 10 per cent to close at ₦15.40 per share. Infinity Trust Mortgage Bank followed, also gaining 10 per cent to end at ₦7.70 per share.

Livingtrust Mortgage Bank increased by 10 per cent to close at ₦5.72 per share. Stanbic IBTC climbed 9.98 per cent, ending the session at ₦79.35 per share.

MRS gained 9.94 per cent to settle at ₦155.90 per share. Northern Nigeria Flour Mills led the laggards, dropping 10 per cent to close at ₦112.55 per share.

Conoil fell by 9.99 per cent, ending at ₦241.50 per share. Nigerian Enamelware declined by 9.98 per cent to close at ₦18.50 per share.

University Press dropped 9.84 per cent, settling at ₦5.50 per share. John Holt fell by 9.49 per cent to end at ₦6.20 per share.

A total of 933.26 million shares worth ₦17.95 billion were traded across 20,500 deals.

This contrasts with 471.15 million shares valued at ₦14.19 billion traded in 20,538 deals on Wednesday.

Tantalizer led trading with 420.45 million shares valued at ₦946.06 million. GTCO followed with 35.44 million shares worth ₦2.52 billion.

Zenith Bank traded 34.72 million shares worth ₦1.75 billion. Computer Warehouse Group recorded 29.81 million shares worth ₦278.19 million.

First Holdco transacted 27.28 million shares valued at ₦779.16 million.

The stock market closed on a positive note Wednesday, as performance indices grew by 0.56 per cent amid increased buying interest and bargain hunting.

Market capitalisation rose by N405 billion, or 0.56 per cent, to close at N72.302 trillion, compared with N71.897 trillion on Tuesday.

Similarly, the All-Share Index (ASI) also increased by 641.63 points, or 0.56 per cent, to settle at 114,659.11.

The uptrend was driven by strong buying interest in medium and large-capitalised stocks such as ABC Transport, Beta Glass, Berger Paints, Fidson Health, Legend Internet, and 27 other stocks.

Meanwhile, the market breadth also closed positive with 32 gainers and 28 losers.

On the gainers’ chart, ABC Transport increased by 10 per cent, to close at N2.64 while Beta Glass also gained by 10 per cent, settling at N231.10 per share.

Berger Paint soared by 9.98 per cent, finishing at N24.80 and Fidson Health rose by 9.91 per cent, closing at N34.95 per share.

Similarly, Legend Internet Plc climbed by 9.88 per cent, ending the session at N6.45 per share.

On the flip side, Vitafoam declined by 6.64 per cent, finishing at N60.50 while DAAR Communications fell by 6.06 per cent, closing at 62k per share.

Nestlé Nigeria dropped by 5.69 per cent, ending the session at N1,500.00 and Mutual Benefits lost by 5.61 per cent, settling at N1.01 per share.

Also, Cornerstone Insurance shed by 5.37 per cent, closing at N3.70 per share.

A total of 471.15 million shares worth N14.19 billion shares was exchanged across 20,538 transactions.

Transactions in the shares of First City Monument Bank topped the activity chart with 40.29 million valued at N410.15 million.

United Bank for Africa followed with 36.55 million worth N1.31 billion while Access Corporation sold 35.05 million shares valued at N788.95 million.

Zenith Bank traded 28.67 million shares worth N1.44 billion and Ja Paul Gold transacted 25.36 million shares valued at N50.14 million.

The stock market opened the week on a downturn Tuesday, with key performance indicators dropping by 0.53 per cent after the Eid-el-Kabir holiday break.

The holiday was observed on Friday and Monday resulting in an extended closure of the Nigerian Exchange Ltd. (NGX).

Market capitalisation at the NGX fell by ₦378 billion, or 0.53 per cent, closing at ₦71.897 trillion, down from ₦72.275 trillion recorded on Thursday.

Likewise, the All-Share Index shed 599.27 points or 0.53 per cent, closing at 114,017.48 from the previous close of 114,616.75.

The drop followed four consecutive days of gains the previous week, mainly driven by profit-taking among investors.

In spite of the bearish trend, sentiment remained positive, with 35 stocks gaining value while 25 declined during the trading session.

Berger Paints led the gainers’ chart, rising 10 per cent to close at ₦22.55, while DAAR Communications also gained 10 per cent, finishing at 66k.

ETranzact gained 10 per cent, closing at ₦6.60. Legend Internet advanced by 9.93 per cent to finish at ₦5.87 per share.

Omatek Ventures also recorded gains, increasing by 8.22 per cent to close at 79k per share.

Conversely, RT Briscoe led the losers, falling 10 per cent to ₦2.25. John Holt Plc dropped by 9.87 per cent to ₦6.85.

Beta Glass declined 9.69 per cent to close at ₦210.10, while Aradel Holdings dropped 9.09 per cent to ₦500.00.

Deap Capital Management also slipped, shedding 8.16 per cent to close at 90k per share.

Total volume traded stood at 652.64 million shares valued at ₦18.88 billion, across 23,978 transactions.

This was lower than Thursday’s 1.46 million shares worth ₦33.47 billion exchanged in 16,410 transactions.

Access Corporation led trading activity with 88.29 million shares worth ₦1.97 billion changing hands.

Zenith Bank followed, with 49.33 million shares worth ₦2.52 billion, while GTCO moved 47.25 million shares valued at ₦3.34 billion.

Fidelity Bank traded 42.92 million shares worth ₦844.84 million. Wapic Insurance exchanged 34.997 million shares worth ₦70.56 million.

Nigerian stock market continued its bullish trend on Thursday, ending the week with  N1.157 trillion gain.

Market capitalisation rose by N1.157 trillion, or 1.63 per cent, to close at N72.275 trillion, up from N71.118 trillion recorded on Wednesday.

Similarly, the All-Share Index (ASI) rose by 1,835.02 points, or 1.63 per cent, settling at 114,616.75 from its previous close of 112,781.73.

This uptrend was fueled by strong buying interest in medium and large-capitalised stocks including Champion Breweries, NGX Group, MTN Nigeria, Oando and 37 other equities.

The market breadth closed positive, with 41 gainers and 22 losers.

On the gainers’ chart, Champion Breweries  grew by 10 per cent, closing at N7.70 while the Nigerian Exchange Group also increased by 10 per cent, settling at N39.60 per share.

MTN Nigeria rose by 9.99 per cent, ending the session at N319.20 and Oando soared by 9.96 per cent, closing at N56.85 per share.

Also, Morison Industries climbed by 9.90 per cent, finishing at N3.22 per share.

On the flip side Northern Nigeria Flour Mills dropped by 9.97 per cent, closing at N125.05 while ABC Transport lost by 9.77 per cent, finishing at N2.40 per share.

Legend Internet fell by 9.49 per cent, settling at N5.34 and Livestock Feeds shed by 7.82 per cent, ending the session at N8.25 per share.

Similarly, Omatek Ventures declined by 7.59 per cent, closing 73k per share.

A total of 1.46 million shares worth N33.47 billion were exchanged across 16,410 transactions.

This is compared to 611.53 million shares worth N16.68 billion traded across 13,682 transactions earlier.

Transactions in the shares of Fidelity Bank topped the activity chart with 829.72 million shares worth N15.97 billion.

Legend Internet followed with 180.30 million valued at N1.02 billion while Zenith Bank sold 62.82 million shares worth N3.13 billion.

JaPaul Gold traded 34.84 million shares valued at N69.60 million and Guaranty Trust Holding Company transacted 30.91 million worth N2.16 billion.

The Nigerian stock market continued on a bullish trend on Wednesday, gaining N224 billion and marking a three-day positive trend.

Market capitalisation rose by N224 billion or 0.32 per cent, closing at N71.118 trillion when compared to N70.894 trillion recorded on Tuesday.

Similarly, the All-Share Index (ASI) climbed 354.25 points or 0.32 per cent, reaching 112,781.73 from 112,427.48 recorded on Tuesday.

The upward trend was driven by strong buying interest in medium and large-capitalised stocks, including: Oando, UH Real Estate Trust, Royal Exchange, Legend Internet, Lasaco Assurance and 27 other stocks.

Meanwhile, the market breadth closed positive with 32 gainers and 21 losers.

On the gainers’ chart, Oando soared by 10 per cent, settling at N51.70 while UH Real Estate Trust increased by 9.96 per cent, closing at N50.25 per share.

Royal Exchange rose by 8.64 per cent, ending the session at 88k and Legend Internet gained by 7.27 per cent, finishing at N5.90 per share.

Similarly, Lasaco Assurance climbed by 6.67 per cent, closing at N3.20 per share.

On the losers’ chart, Nigerian Railway Corporation dropped by 9.89 per cent, ending the session at N5.92 while ABC Transport fell by 9.83 per cent, settling at N2.66 per share.

Meyer lost by 9.63 per cent, closing at N8.45 and Academy declined by 9.58 per cent, finishing at N4.53 per share.

Also, Livestock Feeds shed by 6.77 per cent, closing N8.95 per share.

A total of 611.53 million shares worth N16.68 billion were traded across 13,682 transactions.

This is in contrast to 622.64 million shares worth N16.12 billion traded across 17,044 transactions earlier on Tuesday.

Transactions in the shares of Fidelity Bank topped the activity chart with 93.47 million shares worth N1.78 billion.

Guaranty Trust Holding Company followed with 87.20 million shares valued at N5.95 billion while Royal Exchange traded 73.08 million shares worth N64.93 million.

United Bank for Africa sold 57.11 million shares valued at N1.97 billion and Access Corporation transacted 38.76 million worth N854.59 million.

The Nigerian stock market extended its positive trend, appreciating by N259 billion amid increased buying interest.

Market capitalisation rose by N259 billion or 0.37 per cent to close at N70.894 trillion, compared with N70.635 trillion on Monday.

Similarly, the All-Share Index (ASI) also increased by 411.52 points or 0.37 per cent, to settle at 112,427.48.

The uptrend was driven by strong buying interest in medium and large capitalised stocks such as Honeywell Flour Mill, SCOA Nigeria, SFS Real Estate Investment Trust, Industrial & Medical Gases and 32 other stocks.

Meanwhile, the market breadth also closed positive with 36 gainers and 32 losers.

On the gainers’ chart, Honeywell Flour Mill increased by 10 per cent, closing at N22.00 while SCOA Nigeria also gained 10 per cent, finishing at N5.39 per share.

SFS Real Estate Investment Trust climbed by 10 per cent, settling at N226.60 and Industrial & Medical Gases rose by 9.96 per cent, ending the session at N37.00 per share.

Also, International Energy Insurance soared by 9.82 per cent, closing at N1.79 per share.

On the flip side, Conoil dropped by 10 per cent, settling at N268.30 while Learn Africa fell by 9.98 per cent, ending the session at N3.88 per share.

Transcorp Hotels declined by 9.97 per cent, closing at N132.80 and Julius Berger shed by 9.94 per cent, finishing at N120.50 per share.

Similarly, Chellaram dipped by 9.92 per cent, settling at N9.53 per share.

A total of 622.64 million shares worth N16.12 billion were traded across 17,044 transactions.

Transactions in the shares of Fidelity Bank topped the activity chart with 108.17 million shares, valued at N2.05 billion.

Legend Internet Plc followed with 60.95 million shares worth N344.36 million while United Bank for Africa sold 55.74 million shares valued at N1.93 billion.

Guaranty Trust Holding Company transacted 41.23 million shares worth N2.80 billion and Access Corporation traded 34.51 million shares at N754.43 million.

The stock market began the week on a positive note on Monday as investors gained N173 billion and performance indices soared by 0.25per cent.

Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation climbed by N173 billion, rising to N70.635 trillion from N70.462 trillion on Friday.

The All-Share Index also increased by 273.95 points or 0.25 per cent to close at 112,015.96, compared to 111,742.01 recorded on Friday.

This uptrend was driven by invrstors’ interest in medium and large capitalised stocks like: Multiverse Mining, Livestock Feeds, Lasaco Assurance, Neimeth International Pharmaceutical, Royal Exchange and 18 other stocks.

However, the market breadth ended negative with 33 losers and 23 gainers.

On the losers’ chart, Legend Internet declined by 9.90 per cent, settling at N5.55 while Secure Electronic Technology lost by 9.84 per cent, closing at 55k per share.

ETranzact dropped by 9.56 per cent, finishing at N6.15 and University Press fell by 9.32 per cent, ending the session at N5.35 per share.

Mc Nicholas shed by 7.31 per cent, closing at N2.41 per share.

On the gainers’ chart, Multiverse Mining rose by 9.87 per cent, finishing at N8.35 while Livestock Feeds soared by 9.57 per cent, settling at N10.30 per share.

Lasaco Assurance climbed by 8.11 per cent, ending the session at N2.80 and Neimeth International Pharmaceutical increased by 8.06 per cent, settling at 3.35 per share.

Also, Royal Exchange gained by 7.50 per cent, closing at 86k per share.

A total of 517.95 million shares worth N10.07 billion were exchanged across 17,019 transactions.

This is in contrast with 1.9 billion shares valued at N64.15 billion traded across 18,653 deals earlier recorded.

Transactions in the shares of Fidelity Bank topped the activity chart with 98.81 million shares worth N1.88 billion.

Royal Exchange followed with 58.45 million shares valued at N50.24 million while Access Corporation transacted 55.17 million shares worth N1.21 billion.

Cutix sold 32.26 million shares valued at N101.05 million and United Capital traded 27.18 million shares worth N534.38 million.

The stock market on Friday closed the week on a bearish note, as key performance indicators dipped by 0.07 per cent.

Specifically, the market capitalisation declined by N48 billion, or 0.07 per cent, to N70.462 trillion from N70.510 trillion recorded on Thursday.

The All-Share Index also dropped by 0.07 per cent or 76.07 points to close at 111,742.01 down from 111,818.08 posted on Thursday.

The decline was largely attributed to sell-offs in heavyweight stocks like Beta Glass, NCR Nigeria, Conoil, Legend Internet and 33 others.

Also, the market breadth closed negative with 37 stocks declining against 28 gainers.

On the flip side, Beta Glass declined by 10 per cent, closing at N232.65 while NCR Nigeria also lost by 10 per cent, finishing at N6.57 per share.

Conoil dropped by 9.99 per cent, settling at N298.10 and Legend Internet fell by 9.94 per cent, closing at N6.16 per share.

Also, Industrial Medical Gases shed by 9.91 per cent, ending the session at N33.65 per share.

On the gainers’ chart, Omatek grew by 9.86 per cent, settling at 78k while Red Star Express climbed by 9.62 per cent, closing at N8.32 per share.

Deap Capital Management rose by 9.38 per cent, finishing at N1.05 and Sovereign Trust Insurance soared by 9.09 per cent, ending the session at N1.08 per share.

May and Baker also increased by 8.26 per cent, closing at N11.80 per share.

A total of 1.90 billion shares valued at N64.14 billion were traded across 18,653 transactions, in contrast to the 556.45 million shares worth N17.17 billion exchanged across 18,505 deals on Thursday.

Transactions in the shares of United Bank for Africa topped the activity chart with 1.41 billion shares worth N49.02 billion.

United Capital followed with 66.84 million shares valued at N1.32 billion while Access Corporation sold 53.97 million shares worth N1.19 billion.

Fidelity Bank traded 31.38 million shares valued at N606.09 million and Zenith Bank transacted 29.93 million shares worth N1.46 billion.

The Nigerian stock market experienced a downturn on Thursday, recording a four-day streak of gains, as investors lost N54 billion.

Market capitalisation fell by N54 billion or 0.08 per cent, closing at N70.510 trillion when compared to N70.564 trillion posted on Wednesday.

Similarly, the All-Share Index (ASI) dropped by 84.53 points or 0.08 per cent, reaching 111,818.08 from 111,902.61 recorded earlier.

The negative trend was driven by selloffs in stocks like Seplat Energy, Legend Internet, Abbey Mortgage Bank, Omatek, Learn Africa and 19 others.

Meanwhile, the market breadth closed positive with 41 gainers and 24 losers.

On the gainers chart, Mutual Benefits Assurance soared by 10 per cent to close at N1.10 while University Press rose by 9.98 per cent, closing at N6.17 per share.

Academy grew by 9.88 per cent, finishing at N4.45 and SCOA increased by 9.62 per cent, ending the session at N4.90 per share.

Also, Livestock Feeds climbed by 9.58 per cent, settling at N9.15 per share.

On the flip side, Seplat Energy dropped by 10 per cent, closing at N4,964.40 while Legend Internet also shed by 10 per cent, settling at N6.84 per share.

Abbey Mortgage Bank declined by 9.90 per cent, finishing at N6.19 and Omatek lost by 8.97 per cent, closing at 71k per share.

Similarly, Learn Africa fell by 6.21 per cent, ending the session at N4.23 per share.

A total of 556.45 million shares worth N17.17 billion were exchanged across 18,505 transactions.

This is compared to 512.17 million shares worth N17.12 billion were exchanged across 16,711 deals.

Transactions in the shares of United Bank for Africa topped the activity chart with 82.57 million shares worth N2.86 billion.

Fidelity Bank followed with 70.60 million shares valued at N1.36 billion while Nigeriam Breweries transacted 37.21 million shares worth N2.102 billion.

Tantalizer sold 36.30 million shares valued at N90.97 million and Zenith Bank traded 27.69 million shares worth N1.34 billion.

Nigerian stock market continued its bullish trend on Tuesday, recording a N1.086 trillion gain.

Market capitalisation rose by N1.086 trillion, or 1.57 per cent, to close at N70.38 trillion, up from N69.291 trillion recorded on Monday.

Similarly, the All-Share Index (ASI) rose by 1,721.29 points, or 1.57 per cent, settling at 111,606.22 from its previous close of 109,884.93.

This uptrend was fueled by strong buying interest in medium and large-capitalised stocks including Airtel Africa, Omatek, Cornerstone Insurance, Nigerian Aviation Handling Company, University Press, and 31 other equities.

The market breadth closed positive, with 36 gainers and 21 losers.

Among the gainers, Airtel Africa climbed by 10 per cent, closing at N2,372.50, while Omatek grew by 9.23 per cent, settling at 71 kobo per share.

Cornerstone Insurance gained 8.63 per cent, closing at N3.40, and the Nigerian Aviation Handling Company rose by 8.39 per cent to close at N80.75 per share.

University Press soared by 6.47 per cent, closing the session at N5.10 per share.

On the losers’ chart, Mc Nicholas dropped by 9.80 per cent, closing at N2.21, while Computer Warehouse Group fell by 9.50 percent, settling at N9.05 per share.

Champion shed 7.38 per cent, settling at N6.90, and Red Star Express lost 4.62 percent, closing at N6.40 per share.

Jaiz Bank declined by 4.46 per cent, ending at N3.21 per share.

A total of 409.57 million shares worth N9.87 billion were exchanged across 15,992 transactions.

This compares to 414.51 million shares valued at N11.094 billion traded across 19,775 deals earlier.

Custodian Investment topped the activity chart with 37.59 million shares worth N752.12 million.

Fidelity Bank followed with 36.99 million shares valued at N676.32 million, while Veritas Kapital Assurance transacted 33.005 million shares worth N34.10 million.

Zenith Bank sold 27.43 million shares valued at N1.33 billion, and Access Corporation traded 23.69 million shares worth N519.555 million.

Commenting on the uptrend, Mr David Adonri, Vice Chairman of Highcap Securities Ltd., described the development as a record-breaking performance.

Adonri noted that the positive trend was driven by the forces of demand and supply, as some major stocks like Airtel Africa and others appreciated.

“This is indeed a record-breaking performance; this is the first time we are witnessing a surge of that magnitude which impacts the market capitalisation and the All Share Index,” he stated.

“Currently, we are witnessing what we christen as ‘The Tinubu Boom’.”