Tag: Stock Market

The Nigerian stock market rebounded on Wednesday, recovering from its previous session’s loss, with a N507 billion gain added to investors’ portfolios.

Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation, which opened at N63.051 trillion, increased by N507 billion or 0.80 per cent to close at N63.559 trillion.

Similarly, the All-Share Index rose by 0.80 per cent or 832 points to close at 104,230.73, up from 103,398.82 reported on Tuesday.

Consequently, the Year-To-Date (YTD) return improved to 0.127 per cent.

The upward trend was driven by buying interests in key equities such as MTN Nigeria, FBN Holdings, Transnational Corporation, Dangote Sugar and Nigerian Breweries.

Despite the gains, the market breadth closed slightly negative, with 28 losers compared to 27 gainers.

Sunu Assurances led the losers’ table by N1 to close at N9.01, Universal Insurance trailed by 7k to close at 71k per share.

Secure Electronic Technology lost 6k to close at 68k, while Consolidated Hallmark Plc shed 21k to close at N3.40 per share.

Conversely, Transnational Corporation and MTN Nigeria led the gainers table by N20 and N220 respectively to close at N49.50 and N220, respectively.

Honeywell Flour followed by 75k to close at N8.29, AIICO Insurance gained 17k to close at N1.88 and Living Trust rose by 43k to close at N4.81 per share.

Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 31.99 per cent.

A total of 756.42 million shares valued at N24.69 billion were exchanged in 13,551 deals, compared with 1.11 billion shares valued at N14.64 billion traded in 16,617 deals posted in the previous session.

For the second session in a row, FBN Holdings led the activity chart in volume with 125.71 million shares, while Geregu Power led in value of deals worth N11.39 billion.

The domestic bourse on Tuesday broke its winning streak with a loss of N152 billion, following investors’ sell-offs of Tier-one banking stocks.

Notably, losses in Zenith Bank, United Bank for Africa (UBA), Access Corporation, Oando Plc, Dangote Sugar, Nigerian Breweries, alongside other declined equities dragged the market down.

The market capitalisation, which opened at N63.203 trillion, shed N152 billion or 0.24 per cent to close at N63.051 trillion.

The All-Share Index also lost 0.24 per cent or 249.42 points, to close at 103,398.82, against 103,648.24 recorded on Monday.

As a result, the Year-To-Date (YTD) return decreased to 0.46 per cent. Market breadth closed negative with 51 losers and 18 gainers.

FTN Cocoa, RT Briscoe and Veritas Kapital led the losers’ table by 10 per cent each to close at N1.80, N2.70, and N1.53 per share, respectively.

Sunu Assurances and Cornerstone Insurance dropped 9.98 per cent each to close at N10.01 and N4.15 per share, respectively.

On the gainers’ side, Abbey Mortgage Bank and PZ Nigeria led by 10 per cent each to close at N3.63, and N27.50 per share respectively.

Learn Africa followed by 9.90 per cent to close at N5.44, NCR Nigeria added 9.77 per cent to close at N7.30 and NGX Group gained 9.72 per cent to close at N29.90 per share.

Analysis of market activities revealed a higher trade turnover compared to the previous session, with transaction value rising by 10.48 per cent.

A total of 1.11 billion shares valued at N14.64 billion were exchanged in 16,617 deals, compared with 855.97 million shares valued at N13.25 billion traded in 16,505 deals.

Meanwhile, FBN Holdings led the activity chart in volume and value with 161.46 million shares in deals of N4.72 billion.

The stock market started the week on a positive note on Monday, with investors’ portfolios gaining N37 billion.

Specifically, the market capitalisation, which opened at N63.166 trillion, increased by N37 billion or 0.06 per cent to close at N63.203 trillion.

Similarly, the All-Share Index rose by 62 points or 0.06 per cent to settle at 103,648.24, compared to 103,586.33 recorded on Friday.

Consequently, the Year-To-Date (YTD) return rose to 0.70 per cent.

Buyers’ interest in Tier-one banks, namely, Zenith Bank, FBN Holdings, Access Corporation, alongside other advanced equities drove the market performance up.

Market breadth closed positive with 50 gainers and 21 losers.

Daar Communications and Wema Bank led the gainers’ chart by 10 per cent each to close at 77k and N11 per share, respectively.

Honeywell Flour Mills followed closely by 9.99 per cent to close at N8.37, and Wapic gained 9.96 per cent to close at N2.98 per share.

LASACO Assurance Plc also increased 9.95 per cent to close at N4.09 per share.

On the other hand, Cutix led the losers’ chart by 5.45 per cent to close at N2.60, Caverton trailed by 5.36 per cent to close at N2.65 per share.

Jaiz Bank lost 5.23 per cent to close at N3.08, Champion dropped 4.53 per cent to close at N4 and Ikeja Hotel decreased by 4.26 per cent to close at N12.35 per share.

Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 60.73 per cent.

A total of 855.97 million shares valued at N13.25 billion were exchanged in 16,505 deals, compared with 709.28 million shares valued at N8.24 billion traded in 13,593 deals posted previously.

Meanwhile, Chams led the activity chart in volume with 80.76 million shares, while Guaranty Trust Holding Company(GTCO)led in value of deals worth N3.07 billion.

In a market outlook for the week, analysts at Cowry Asset Management Ltd., said that the robust start to 2025 underscored the growing appeal of the Nigerian Exchange as a hub for portfolio diversification.

The analysts explained that sectors such as insurance, banking, consumer goods, and industrial goods saw notable investor interest, with a focus on stocks poised to deliver substantial returns in the near term.

Looking ahead, they noted that market sentiment remains bullish, although some profit-taking could moderate gains in the short term.

“Overall, the outlook for 2025 is optimistic, with expectations of sustained investor confidence and market resilience.

“Thus, we continue to advise investors to take a position in stocks with strong upsides and fundamentals,” they said.

The domestic bourse on Friday sustained its positive momentum to close the week with N248 billion gain.

Specifically, the market capitalisation, which opened at N62.918 trillion, added N248 billion or 0.39 per cent to close at N63.166 trillion.

The All-Share Index also advanced by 0.39 per cent or 406.2 points, to close at 103,586.33, against 103,180.14 recorded on Thursday.

Sustained investors interest in Teir-one banks, namely, Zenith Bank, United Bank For Africa(UBA) and Access Corporation, alongside other advanced equities drove the market up.

As a result, the Year-To-Date (YTD) return increased to 0.64 per cent. Market breadth closed positive with 67 gainers and 11 losers.

On the gainers’ table, Abbey Mortgage Bank, Chams Plc, Learn Africa, NCR Nigeria and Omatek led by 10 per cent each to close at N3.30, N2.31, N4.95, N6.05 and 88k per share, respectively.

Conversely, Total Nigeria led the losers’ table by 9.74 per cent to close at N630, Computer Warehouse Group trailed by 6.04 per cent to close at N7 per share.

Thomas Wyatt lost 5.26 per cent to close at N1.80, ABC Transport dropped 4.07 per cent to close at N1.18 and UACN shed 3.19 per cent to close at N31.90 per share.

Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 45.48 per cent.

A total of 709.28 million shares valued at N8.24 billion were exchanged in 13,593 deals, compared with 829.75 million shares valued at N5.67 billion traded in 11,752 deals, posted previously.

Meanwhile, Chams led the activity chart in volume with 58.07 million shares, while FBN Holdings led in value of deals worth N492.64 million.

The stock market started the year on a strong note, delivering an impressive N155 billion profit to investors on the first trading day.

The positive performance was driven primarily by gains in Tier-one banking stocks, namely, Zenith Bank, United Bank for Africa (UBA) and FBN Holdings, Access Corporation, among other equities.

Specifically, the market capitalisation, which opened at N62.763 trillion, gained N155 billion or 0.25 per cent to close at N62.918 trillion.

The All-Share index also gained 0.25 per cent or 254 points, to close at 103,180.14, against 102,926.40 reported on Tuesday.

As a result, the Year-To-Date (YTD) return stood at 0.25 per cent. Market breadth also closed positive with 58 gainers and eight losers.

Cornerstone Insurance, Cutix Plc, International Energy Insurance Plc, NCR Nigeria and Axa Mansard Insurance led the gainers’ chart by 10 per cent each to close at N3.96, N2.53, N1.87, N5.50 and N9.02 per share, respectively.

On the losers’ side, Ellah Lakes Plc led by 4.75 per cent to close at N3.01, National Salt Company trailed by 4.31 per cent to close at N30 per share.

Computer Warehouse Group also lost 3.25 per cent to close at N7.45, Fidelity Bank dropped 2.86 per cent to close at N17, while International Breweries Plc shed 0.90 per cent to close at N5.50 per share.

Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 85.95 per cent.

A total of 829.75 million shares valued at N5.67 billion were exchanged in 11,752 deals, compared with 437.76 million shares valued at N40.34 billion  exchanged in 8,830 deals, posted in the previous session.

Meanwhile, Royal Exchange led the activity chart in volume with 290.99 million shares while Access Corporation led in value of deals worth N430.78 million.

The equity market rebounded on Thursday, adding N217 billion to investors’ portfolios. The gain was driven by stocks like Zenith Bank, Access Corporation, Aradel, among others.

Specifically, the market capitalisation rose by 0.37 pr cent, increasing from N58.515 trillion to N58.732 trillion.

Similarly, the All-Share Index gained 0.37 per cent, closing at 96,924.86 points, up from Wednesday’s 96,567.24.

This increase made the Year-To-Date (YTD) to stand at 29.62 per cent, with a positive market breadth of 33 gainers and 17 losers.

Conoil and Aradel Holdings led the gainers’ table by 10 per cent each to close at N236.50 and N441.20 per share, respectively.

Eunisell gained 9.42 per cent to close at N8.20, JohnHolt added 9.77 per cent to close at N4.38, while Thomas Wyatt Nigeria advanced by 9.71 per cent to close at N1.92 per cent.

On the other side, Tantalizers led the losers’ table by 6.25 per cent to close at 60k, NGX Group trailed by N5.81 per cent to close at N23.50 per share.

Wema Bank lost 5.63 per cent to close at N7.55, RT Briscoe decreased by N4.46 per cent to close at N3, while FCMB declined by 3.59 per cent to close at N9.40 per share.

Analysis of the market activities showed that trade turnover settled higher, compared to the previous session, with the value of transactions which increased by 64.10 per cent.

A total of 744.5 million shares valued at N16.48 billion were exchanged in 9,700 deals, compared with 418.39 million shares valued at N10.04 billion traded in 9,021 deals posted previously.

Meanwhile, Japaul Gold led the activity chart in volume with 100.93 million, while Julius Berger led in value of deals worth N4.55 billion.

The stock market reversed its gain on Wednesday, losing N148 billion or 0.25 per cent amid selling pressure in several key stocks.

The decline was primarily driven by selloffs in Aradel Holdings, Zenith Bank, FBN Holdings, Access Corporation, and Fidelity Bank, among others.

As a result, the market capitalisation, which opened at N59.707 trillion, dropped by N148 billion to close at N59.559 trillion.

Similarly, the All-Share Index declined by 0.25 per cent, shedding 249.4 points to close at 98,291.53, compared to 98,540.93 recorded on Tuesday.

Consequently, the Year-To-Date (YTD) return fell to 31.45 per cent.

However, market breadth remained flat, with 23 gainers and 23 losers on the Exchange.

Custodian & Allied Plc led the losers chart by N1.15 to close at N11.65, Okomu Oil trailed by N24.90 to close at N338.10 per share.

Consolidated Hallmark Plc lost 10k to close at N1.41, Aradel dropped N48 to close at N820, while McNichols shed 7k to close at N1.35 per share.

On the gainers’ chart, Deap Capital Management and Trust Plc led by 12k to close at N1.32, UACN followed by N1.95 to close at N21.65 per share.

Dangote Sugar gained N3.10 to close at N35.10, Champion appreciated by 33k to close at N3.75, while Daar Communications added 5k to close at 59k per share.

Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down 66.46 per cent.

A total of 257.55  million shares valued at N9 billion were exchanged in 7,776 deals, against 286.04 million shares valued at N26.82 billion traded by investors in 9,650 deals previously.

Fidelity Bank led the activity chart in volume with 38.21 million, while Aradel Holdings led in value of deals worth N3.15 billion.

The Nigerian stock market extended its positive momentum on Tuesday, posting a 0.33 per cent gain. This gain added N197 billion to investors’ portfolios.

The market capitalisation, which opened at N59.510 trillion, closed higher at N59.707 trillion.

Similarly, the All-Share Index (ASI) rose by 0.33 per cent, advancing by 326 points to close at 98,540.93, compared to 98,215.13 recorded on Monday.

As a result, the Year-To-Date (YTD) return increased to 31.79 per cent.

The market’s upward movement was driven by gains in key equities, including Guaranty Trust Holding Company (GTCO), Access Corporation and Oando Plc.

However, the Market breadth closed negative with 28 losers and 15 gainers.

On the losers’ side, Caverton led 27 other declined stocks by 10 per cent to close at N2.34 per share, while Champion led 14 other advanced stocks to close at N3.42 per share.

Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 36.07 per cent.

A total of 286.04 million shares valued at N26.82 billion were exchanged in 9,650 deals,compared with 304.97 million shares valued at N19.71 billion traded in 8,083 deals posted previously.

Meanwhile, Access Corporation led the activity log in volume with 45.95 million shares, while Seplat led the chart in value with deals worth N1.18 billion.

The equity market on Thursday took a further dip, losing N671 billion due to sell-offs in Dangote Cement and Tier-one banking stocks.

The Nigerian Exchange Ltd. (NGX) market capitalisation dropped by N671 billion, or per cent, closing at N55.777 trillion, down from N56.448 trillion.

Similarly, the All-Share Index declined by 1.19 per cent to settle at 97,064.42, compared to 98,232.39 recorded on Wednesday.

As a result, the Year-To-Date return fell to 29.81 per cent.

Losses in Dangote Cement, Dangote Sugar, Zenith Bank, FBN Holdings and Transnational Corporation, among others, drove the market into negative territory.

Market breadth ended negative, with 28 stocks declining and 23 gaining.

Dangote Cement and McNichols led the losers’ table by 10 per cent each, to close at N478.80 and N1.35 per share, respectively.

Secure Electronic Technology Plc followed by 7.58 per cent to close at 61k, UPDC Real Estate Investment lost 4.72 per cent to close at N5.05 per share.

Computer Warehouse Group also dropped 4.62 per cent to close at N6.20 per share.

Conversely, Seplat led the gainers’ table by 10 per cent to close at N4,513.40, Livestock Feed Plc trailed by 9.93 per cent to close at N2.99 per share.

Regency Alliance Insurance gained 9.76 per cent to close at 90k, Caverton rose by 9.63 per cent to close at N2.39, Axa Mansard added 7.82 to close at N5.93 per share.

Analysis of the market activities showed trade turnover settled lower, relative to the previous session, with the value of transactions down by 20.02 per cent.

Investors traded 268.39 million shares valued at N6.76 billion in 8,565 deals, compared with 425.76 million shares valued at N8.45 billion exchanged in 11,954 deals, posted in the previous session.

On the activity chart, United Bank for Africa (UBA) led in volume with 37.09 milllion, while Seplat Energy led in value with deals worth N2.34 billion.