Tag: Stock Market

The stock market started the week bullish on Monday, as performance indices climbed by 0.79 per cent.

Specifically, market capitalisation on the Nigerian Exchange Ltd. rose by N540 billion. It increased from N68.751 trillion last Friday to N69.291 trillion.

The All-Share Index gained 856.31 points or 0.79 per cent to close at 109,884.93, up from 109,028.62.

The positive trend followed increased buying interest in medium and large-cap stocks, including Aradel Holdings, University Press, ABC Transport, Linkage Assurance, and 29 others.

Market breadth ended positive with 33 gainers and 31 losers.

Aradel Holdings led the gainers, rising 9.98 per cent to close at N505.90 per share.

University Press increased by 9.86 per cent to finish at N4.79 per share.

ABC Transport rose 8.43 per cent to close at N2.70, while Linkage Assurance gained 8.16 per cent to end at N1.59 per share.

C&I Leasing advanced by 7.32 per cent, finishing the session at N4.40 per share.

On the losing side, Tripple Gee declined by 10 per cent, ending at N2.07 per share.

MRS fell by 9.97 per cent to close at N114.80 per share.

Chellaram dropped by 9.96 per cent to end at N10.58, while U H Real Estate fell 9.95 per cent to N45.70.

Industry and Medical Gases also declined by 9.91 per cent, ending the session at N35.90 per share.

A total of 414.51 million shares worth N11.094 billion were exchanged across 19,775 deals.

This was lower than the previous session’s 637.54 million shares worth N18.122 billion across 15,927 deals.

Fidelity Bank led trading with 46.77 million shares valued at N855.42 million.

Custodian Investment followed with 37.16 million shares worth N736.18 million.

Access Corporation traded 35.93 million shares worth N783.69 million.

Guaranty Trust Holding Company moved 24.95 million shares worth N1.74 billion.

Zenith Bank transacted 17.94 million shares valued at N862.21 million.

The stock market on Wednesday closed on a negative note, as performance indices dipped by 0.10 per cent.

Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation dropped by N70 billion, falling to N68.895 trillion from N68.965 trillion on Tuesday.

The All-Share Index also declined by 111.37 points or 0.10 per cent to close at 109,619.10 down from 109,730.47 recorded earlier.

The downturn was due to sell pressure in banking stocks and cautious trading.

Meanwhile, the market breadth closed mixed with 29 losers and 29 gainers.

On the gainers’ chart, RT Briscoe increased by 10 per cent to close at N2.09 while Eunisell Interlinked Plc soared by 9.75 per cent, closing at N12.95 per share.

Livestock Feeds rose by 9.61 per cent, settling at N8.90 and Linkage Assurance grew by N9.46 per cent, finishing at N1.62 per share.

Similarly, Meyer Plc gained by 8.89 per cent, closing at N9.80 per share.

On the flip chart, Champion Breweries lost by 10 per cent, ending the session at N7.20 while Lasaco Insurance also dropped by 10 per cent, closing at N2.52 per share.

Mc Nicholas fell by 9.45 per cent  settling at N2.30 and Multiverse Mining shed by 7.22 per cent, closing at N9 per share.

Sovereign Trust Insurance declined by 6.80 per cent, finishing at 96k per share.

A total of 664.16 million shares worth N12.996 billion were exchanged across 19,439 transactions.

This is compared to 497.06 million shares worth N13.213 billion that was exchanged across 18,795 transactions earlier.

Transactions in the shares of Japaul Gold topped the activity chart with 90.02 million worth N186.47 million.

Tantalizer followed with 82.75 million shares valued at N231 million while Fidelity Bank sold 67.69 million shares worth N1.26 bilion.

Nigerian Breweries transacted 52.24 million shares valued at N3.132 billion and Custodian Insurance traded 36.49 million shares worth N719.28 million.

The stock market began the week with a slight downturn on Monday, as key performance indicators dipped by 0.01 per cent.

Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation decreased by N8 billion, or 0.01 per cent, closing at N68.945 trillion, down from N68.953 trillion recorded on Friday.

Similarly, the All-Share Index fell by 0.01 per cent or 12.54 points to close at 109,697.83, compared to the previous close of 109,710.37.

This decline, following four days of upward movement, was largely due to investors taking profits.

Market sentiment was positive, with 46 stocks gaining value and 23 stocks declining in spite of the overall bearish trend.

On the gainers’ chart, Ikeja Hotel soared by 10 per cent, settling at N15.40, while Tantalizer also grew by 10 per cent, closing at N2.53 per share.

Beta Glass rose by 9.98 per cent, finishing at N258.50 and Champion Breweries gained by 9.97 per cent, ending the session at N7.50 per share.

Similarly, Northern Nigeria Flour Mills increased by 9.97 per cent, closing at N131.85 per share.

On the flip chart, The Initiates declined by 10 per cent, finishing at N6.12 while ABC Transport dropped by 9.83 per cent, closing at N2.66 per share.

University Press lost by 9.77 per cent to close at N3.97 and FTN Cocoa Processors fell by 9.65 per cent, settling at N2.34 per share.

Also, RT Briscoe shed by 9.52 per cent, closing at N1.90 per share.

A total of 486.09 million shares worth N11.38 billion were exchanged across 24,883 transactions.

This is in contrast with 431.78 million shares worth N8.599 billion that was exchanged across 16,400 transactions on Friday.

Transactions in the shares of Access Corporation topped the activity chart with 45.12 million shares worth N1.05 billion.

Fidelity Bank followed with 39.41 million shares valued at N799.699 million while Guaranty Trust Holding Company traded 32.44 million worth N2.207 billion.

Cutix transacted 24.09 million shares valued at N67.02 million and United Bank for Africa sold 20.59 million shares worth N716.69 million.

Reacting to the market activity and mild decline, Mr Tajudeen Olayinka, Chief Executive Officer of Wyoming Capital and Partners, described the market as a balanced one.

Olayinka said the decline was as a result of profit-taking after a four-day bullish trend which he said was a normal development.

Reacting to the market activity and mild decline, Mr Tajudeen Olayinka, Chief Executive Officer of Wyoming Capital and Partners, described the market as balanced.

Olayinka attributed the slight dip to profit-taking following a four-day bullish trend, adding that it as a normal market correction.

“The decline was not so significant; it is expected that after some days of bullish performance, profit-takers will want to realise their gains. It’s a balanced market anyway,” he stated.

The Nigerian Exchange Ltd. (NGX) closed on a positive note on Friday, as the stock market gained N151 billion, driven by strong investor interest in select equities.

The market capitalisation rose by N151 billion or 0.23 per cent to close at N66.647 trillion, up from N66.496 trillion recorded on Wednesday.

Similarly, the All-Share Index (ASI) appreciated by 241.72 points or 0.23 per cent to close at N106,042.57, compared to 105,800.85 in the previous session.

The rally was largely supported by buying interest in stocks such as Access Corporation, United Bank for Africa, CHAMS Holding Plc and more.

However, the market breadth closed negative with 41 losers and 29 gainers.

On the losers’ chart, FG132036S2 declined by 20 per cent, closing at N20.00 while DAAR Communications fell by 10 per cent, to close at 54k per share.

Vitafoam dropped by 9.94 per cent, to close at N47.55 and Multiverse shed by 9.93 per cent, settling at N6 35 per share.

Similarly, Eterna lost by 9.91 per cent, to close at N45.00 per share.

On the gainers’ chart, Cadbury Nigeria increased by 10 per cent, to finish at N31 90 while the Nigerian Aviation Handling Company also soared by 10 per cent, to close at N82.50 per share.

The Initiates Plc rose by 10 per cent, ending the session at N4.95 and Beta Glass grew by 9.96 per cent, closing at N109.80 per share.

Also, Caverton Offshore Support Group gained by 9.92 per cent, to close at N2.66 per share.

A total of 573.33 million shares worth N15.254 billion were traded across 18,554.

This is in contrast with 392.99 million shares worth N12.755 billion exchanged across 17,519 transactions earlier.

Transactions in the shares of Access Corporation topped the activity chart with 52.82 million shares worth N1.157 billion.

CHAMS Holding Plc followed with 51.56 million shares valued at N108.86 million while United Bank for Africa sold 35.98 billion shares worth N1.26 billion.

First City Monument Bank traded 34.52 million shares valued at N314.64 million and Guaranty Trust Holding Company transacted 31.86 million shares worth N2.05 billion.

Stock market investors traded 1.525 billion shares worth N43.006 billion in 51,156 transactions this week on the floor of the Nigerian Exchange Ltd.

This is in contrast to 2.094 billion shares valued at N52.967 billion that exchanged hands last week in 64,612 deals.

Consequently, the value of transactions traded by investors on the Exchange dropped by 23.15 per cent as investors lost N9.961 billion.

Meanwhile, the market opened for four trading days this week as the Federal Government declared Friday, April 18 and Monday, April 21 as public holidays to commemorate the 2025 Easter celebration.

Trading in the top three equities, namely Access Holdings Plc, Fidelity Bank Plc, and Universal Insurance Plc, accounted for 448.105 million shares worth N6.730 billion in 6,481 deals.

This contributed 29.39 per cent and 15.65 per cent to the total equity turnover volume and value, respectively.

The Financial Services sector led the activity chart with 1.122 billion shares valued at N24.015 billion traded in 28,818 deals.

This contributed 73.56 per cent and 55.84 per cent to the total equity turnover volume and value, respectively.

The ICT industry followed with 101.252 million shares worth N4.819 billion in 2,541 transactions.

The third place was the Services Industry, with a turnover of 99.776 million shares worth N1.230 billion in 3,063 transactions.

The NGX All-Share Index and market capitalisation depreciated by 0.32 per cent to close the week at 104,233.81 and N65.499 trillion, respectively.

Similarly, all other indices finished lower with the exception of NGX Premium, NGX Pension, NGX MERI Growth, NGX Consumer Goods, NGX Oil & Gas, NGX Lotus II, NGX Growth, NGX Sovereign Bond, and NGX Pension Broad Indices, which appreciated by 0.57 per cent, 0.42 per cent, 2.67 per cent, 2.33 per cent, 0.20 per cent, 0.16 per cent, 0.26 per cent, 0.39 per cent, and 0.55 per cent, respectively.

NGX ASeM and NGX Commodity indices closed flat.

Thirty-one equities appreciated in price during the week, higher than 27 equities in the previous week.

Forty-four equities depreciated in price, lower than 56 in the previous week, while 72 equities remained unchanged, higher than 64 recorded in the previous week.

The top five decliners for the week were Guaranty Trust Holding Company, Zenith Bank, DAAR Communications, Caverton Offshore Support Group and RT Briscoe as they lost N9, N5.95, 7k, 27k, and 22k, respectively.

ABBEY Mortgage Bank, Nigerian Breweries, Associated Bus Company, Livestock Feeds and Unilever Nigeria were the top five gainers, and they grew by 46.17 per cent, 13.13 per cent, 12.70 per cent, 11.24 per cent, and 9.65 per cent, respectively.

The companies gained N2.83, N4.20, 16k, 96k, and N3.35, respectively.

The Nigerian Exchange Ltd. (NGX) rebounded on Tuesday, breaking a two-day bearish run with a market gain of N19 billion.

The NGX market capitalisation rose by N19 billion or 0.03 per cent, ending at N65.704 trillion, up from N65.685 trillion on Monday.

Similarly, the All-Share Index (ASI) added 30.40 points or 0.03 per cent to close at 104,560.02, compared to 104,529.62 previously.

However, market breadth closed negative, recording 29 decliners against 25 advancers.

Northern Nigeria Flour Mills topped the losers’ chart, shedding 9.97 per cent to close at N79.00 per share.

The Initiates Plc fell by 9.57 per cent, ending the day at N4.25 per share.

Caverton Offshore declined by 9.06 per cent, to close trading at N2.31 per share.

WAPIC Insurance dropped by 8.85 per cent, finishing at N2.06 per share.

Guinea Insurance also lost 8.70 per cent, closing at 63k per share.

On the gainers’ chart, ABBEY Mortgage Bank rose by 9.94 per cent to close at N7.41 per share.

Unilever Nigeria gained 9.65 per cent, with its share price closing at N38.05.

Learn Africa appreciated by 8.33 per cent to settle at N3.25 per share.

FG132026S1 increased by 8.00 per cent, closing at N97.20 per share.

Secure Electronic Technology advanced by 7.41 per cent, ending at 58k per share.

In total, 368.76 million shares worth N10.87 billion were exchanged in 13,228 transactions.

This compares to 428.16 million shares worth N10.518 billion traded across 14,583 deals previously.

Fidelity Bank led the activity chart with 47.431 million shares valued at N866.95 million.

Access Corporation followed with 28.048 million shares worth N592.21 million traded.

Zenith Bank exchanged 23.120 million shares worth N1.146 billion during the session.

UBA transacted 21.97 million shares valued at N690.49 million.

First City Monument Bank recorded 20.805 million shares traded, worth N185.11 million.

The Nigerian stock market on Thursday rebounded with a gain of N377 billion on the Nigerian Exchange Ltd.

Market capitalisation rose by N377 billion or 0.58 per cent to close at N65.847 trillion, compared with N65.470 trillion posted on Wednesday.

Similarly, the All-Share Index (ASI) climbed by 601.25 points or 0.58 per cent, to settle at 104,788.25 from N104,187.00 earlier recorded.

The uptrend was driven by strong buying interest in medium and large capitalised stocks such as Caverton Offshore Support Group, VFD Group, Neimeth, among others

Meanwhile, the market breadth closed positive with 47 gainers and 11 losers

On the gainers’ chart, FG152028S1 grew by 100 per cent to close at N100.00 while Caverton Offshore Support Group increased by 10 per cent to close at N2.31 per share.

VFD Group soared by 9.92 per cent to close at N79.80 and Neimeth International Pharmaceutical gained by 9.92 per cent to close at N2.88 per share.

Veritas Kapital Assurance grew by 9.57 per cent to close at N1.03 per share.

On the losers’ chart, ABC Transport dropped by 10 per cent to close at N1.26 while Eterna fell by 9.90 per cent to close at N32.30 per share.

CAP Plc declined by 7.45 per cent to close at N43.50 and Regalins lost by 3.64 per cent to close at 53k per share.

Also, the Nigerian Exchange Group dropped by 3.23 per cent, to close at N34.50 per share.

A total of 432.56 million shares worth N9.719 billion were exchanged across 12,027 transactions.

This is compared to 376.61 million shares valued at N11.89 billion that was exchanged across 11,576 transactions earlier.

Transactions in the shares of Access Corporation topped the activity chart with 77.861 million shares worth N1.62 billion.

Ellah Lakes followed with 44.24 million shares valued at N132.76 million while Fidelity Bank transacted 32.46 million shares worth N614.78 million.

Zenith Bank traded 30.20 million shares valued at N1.466 billion and United Bank for Africa sold 20.45 million shares worth N718 million.

The stock market closed the week on a positive note on Friday, with market value growing by N91 billion.

Specifically, market capitalisation which opened at N67,102 trillion, closed at N67,193 trillion, gaining N91 billion or 0.14 per cent.

Similarly, All-Share Index improved by 146 points or 0.14 per cent to close at 107,821.39, compared to 107,675.46 posted on Thursday.

On the price movement chart, 34 stocks recorded price depreciation against 26 gainers.

Red Star Express led the losers’ chart, dropping by 9.96 per to close at N6.60 per share.

Also, Learn Africa fell by 9.84 per cent to close at N3.30 per share, Multiverse Mining and Exploration dropped by 9.72 per cent to close at N9.75 per share.

Also, Cadbury Nigeria inched down by 9.62 per cent to close at N26.30 per share.

Linkage Assurance Plc lost by 5.80 per cent to close at N1.30 per share.

Austin Laz and Company led the gainers’ chart with a 10 per cent gain to close at N2.09 per share.

This is followed by Oando with a gain of 9.94 per cent to close at N58.05 per share while Caverton increased by 9.67 per cent to close at N2.95 per shere.

Also, John Holt rose by 9.62 per cent to close at N7.98 and PZ gained 9.09 per cent to close at N35.40 per share.

A total of 458.26 million shares worth N14.078 billion were exchanged in 12,213 transactions, compared with 423.42 million shares worth N9.57 billion exchanged in 11,112 transactions on Thursday.

On the activity table, Zenith Bank maintained the lead in volume and value of deals, exchanging 122 million shares worth N5.9 billion.

The stock market on Thursday experienced a slight downturn, with overall market performance declining by 0.11 per cent.

This marginal decline resulted in investors losing a significant N77 billion.

Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation fell by N77 billion, or 0.11 per cent, to N67.102 trillion from an opening of N67.179 trillion.

The All-Share Index also declined by 0.11 per cent, or 123.53 points, to close at 107,675.46, against 107,798.99 of the previous day.

The Year-To-Date (YTD) return stood at 4.61 per cent.

The market breadth ended positive, with 30 gainers and 23 losers.

On the gainers’ chart, Oando Plc and PZ Cussons Nigeria Plc (PZ) led with a 10 per cent increase each, closing at N48 and N29.50 per share, respectively.

Conversely, on the losers’ chart, Fidson Healthcare Plc led with a 9.60 per cent decrease, closing at N19.80 per share, followed by Ecobank Transnational Incorporated (ETI) with a 9.51 per cent decrease, closing at N34.70 per share.

A total of 423.42 million shares, worth N9.57 billion, were exchanged across 11,112 transactions, compared with 245.51 million shares, worth N8.41 billion, traded across 10,098 transactions in the previous session.

On the activity table, First City Monument Bank led in volume with 102.27 million shares, while Access Corporation led in value of deals, worth N801.88 million.