Tag: Stock Market

The Nigerian Exchange Ltd. (NGX) market capitalisation opened on a positive note on Monday, recording N57 billion gain.

Specifically, the market capitalisation, which opened at  N56.578 trillion, added 0.10 per cent to close at N56.635 trillion.

The All-Share Index also advanced by 0.10 per cent or 130.11 points, to close at 98,558.79, having opened at 98,458.68.

Consequently, the Year-To-Date (YTD) return rose by 31.81 per cent.

Investors interest in Tier-one banking stocks, namely, Guaranty Trust Holding Company(GTCO), Zenith Bank, United Bank For Africa(UBA), Access Corporation, among other advanced equities drove the market up.

Market breadth also closed positive with 32 gainers and 23 losers.

On the gainers’ chart, Abbey Mortgage Bank, Africa Prudential and Secure Electronic Technology led by 10 per cent each to close at N2.75, N9.90 and 66k per share, respectively.

Triple G gained 9.93 per cent to close at N4.54 and Deap Capital Management and Trust Plc went up by 9.91 per cent to close at N1.22 per share.

Conversely, Ellah Lakes led the losers’ chart by 9.96 per cent to close at N4.43, Neimeth trailed by 9.81 per cent to close at N1.93 per share.

Academy Press dropped 9.78 per cent to close at N4.43, Caverton lost 9.70 per cent to close at N2.42 and UPL shed 8.44 per cent to close at N2.17 per share.

Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 1,576.22 per cent.

A total of 1.86 billon shares valued at N111.58 billion were exchanged in 10,583 deals, compared with 797.21 million shares valued at N6.66 billion traded in 7,764 deals.

Guiness led the activity chart in volume and value with 1.27 billion shares  worth N103.87 billion.

Recall that Guinness’ Board of Directors, on Friday, confirmed that the sale of Diageo’s majority stake to Tolaram was progressing smoothly, hence, investors renewed interest on the stock.

The much-anticipated deal is a significant shift in the company’s direction after decades of majority ownership by Diageo.

The transaction involves the sale of Diageo’s 58.02 per cent stake in Guinness Nigeria to Tolaram, a move that was first announced in June.

The domestic bourse on Friday continued its downtrend with a 0.07 per cent loss, equivalent to N37 billion, driven by sell-offs in Tier-one banking stocks.

Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation, having opened at N56.615 trillion, shed N37 billion or 0.07 per cent to close at N56.578 trillion.

Similarly, the All-Share Index (ASI) dropped by 0.07 per cent or 65 points, ending the day at 98,458.68 points, down from 98,523.56 points.

Accordingly, the Year-To-Date return decreased by 31.68 per cent.

Sell pressure in Zenith Bank, FBN Holdings, FCMB Group, alongside International Breweries, Unilever, among others dragged the market down.

Market breadth closed negative with 26 losers and 21 gainers on the floor of the Exchange.

On the losers’ chart, Caverton led by 9.76 per cent to close at N2.68, Northern Nigeria Flour Mills trailed by 9.50 per cent to close at N31.90 per share.

UPL declined by 8.85 per cent to close at N2.37, McNichols dropped 8.57 per cent to close at N1.60, while International Breweries lost 6.96 per cent to close at N4.01 per share.

Conversely, Beta Glas led the gainers’ chart by 10 per cent to close at N48.96, Meyer Plc followed by 9.93 per cent to close at N7.75 per share.

Deap Capital Management and Trust Plc advanced by 9.90 per cent to close at N1.11, Ellah Lakes Plc gained 9.82 per cent to close at N4.92 per share.

Also, Abbey Mortgage Bank Plc rose by 9.65 per cent to close at N2.50 per share.

Analysis of the market activities showed trade turnover settled higher, relative to the previous session, with the value of transactions up by 0.72 per cent.

A total of 797.21 million shares valued at N6.66 billion were exchanged in 7,764 deals, as against 344.36 million shares valued at N6.61 billion traded in 9,005 deals on Thursday.

Meanwhile, Japaul Gold led the activity chart in volume and value with 591.19 million shares worth N1.47 billion.

The stock market, on Thursday, reversed some gains from its previous sessions, indicating a loss of N267 billion from the portfolios of investors.

Selloffs in MTN Nigeria, Oando Plc, United Bank For Africa (UBA), Fidelity Bank, FCMB Group, alongside Cadbury and United Capital, amongst other declined stocks, drove the market to a negative terrain.

Specifically, the market capitalisation closed at N56.615 trillion, having lost N267 billion or 0.47 per cent from an opening of N56.882 trillion.

The All-Share Index also declined by 0.47 per cent or 464 points to settle at 98,523.56 points, against 98,987.42 points reported on Wednesday.

Consequently, the Year-To-Date return fell by 31.76 per cent. However, the market breadth closed positive with 29 gainers and 26 losers.

On the gainers’ log, FTN Cocoa led 28 other advanced stocks by 9.82 per cent to close at N1.79 per share. Also, Caverton led 25 other declined stocks on the losers’ log by 9.83 per cent to close at N2.97 per share.

Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 47.44 per cent.

A total of 344.36 million shares valued at N6.61 billion were exchanged in 9,005 deals, compared to 603.31 million shares valued at N12.58 billion, traded in 9,723 deals posted in the previous session.

Meanwhile, UBA led the activity chart in volume and value with 29.18 million shares worth N756.09 million.

The Nigerian stock market, on Wednesday, reversed gains from previous sessions with a loss of N193 billion. Selloffs in Tier-one banking stocks namely, Zenith Bank, Access Corporation, Guaranty Trust Holding Company (GTCO), among other declined equities were the primary drivers of the market’s relapse.

The Nigerian Exchange Ltd. (NGX) market capitalisation which opened at N55.647 trillion, shed N193 billion or 0.35 per cent to close at N55.454 trillion.

The All-Share Index also lost 0.35 per cent or 336.3 points to close at 96,537.48 points, against 96,873.74 points posted on Tuesday.

Consequently, the Year-To-Date (YTD) return decreased by 29.11 per cent. Also, market breadth closed negative with 33 losers and 21 gainers on the floor of the Exchange.

On the losers’ chart, Oando led by 10 per cent to close at N81.90, The Initiative Plc trailed by 9.95 per cent to close at N1.81 per share.

RT Briscoe lost 9.72 per cent to close at N2.60, Secure Electronic Technology Plc declined by 9.23 per cent to close at 59k, while Omatek shed 9.09 per cent to close at 70k per share.

On the losers’ side, Daar Communications led by 10 per cent to close at 66k, Industrial Medical Gas followed with 9.72 per cent to close at N35 per share.

Deap Capital Management and Trust Plc advanced by 9.52 per cent to close at N1.15, Tantalizers rose by 8.47 per cent to close at 64k and Caverton added 6.82 per cent to close at N1.41 per share.

Analysis of the market activities indicated that trade turnover settled lower relative to the previous session, with the value of transactions down by 21.43 per cent.

Investors exchanged 389.23 million shares valued at N8.18 billion in 12,039 deals, compared to 473 million shares valued at N10.41 billion traded in 12,532 deals recorded previously.

Meanwhile, Oando led the activity chart in volume and value with 37.18 million shares worth N3.10 billion, Universal Insurance followed with 33.71 million shares valued at N12.66 million.

Transnational Corporation also sold 29.02 million shares valued at N321.76 million, FTN Cocoa traded 22.74 million worth N35.14 million and GTCO transacted 21.95 million shares N1.01 billion.

Opening the week,investors’ interest in Tier-one banking stocks further extended gains of the Nigerian stock market capitalisation by N123 billion or 0.22 per cent.

Gains in Zenith Bank, United Bank For Africa (UBA), Guaranty Trust Holding Company (GTCO), Fidelity Bank,  Access Corporation, among other advanced equities lifted the market up.

The Nigerian Exchange Ltd.(NGX) market capitalisation closed at N55.601 trillion, having opened at N55.478 trillion.

The All-Share Index also settled at 96,793.95 points, having added 0.22 per cent or 214.41 points, against 96,579.54 points recorded on Friday.

As a result, the Year-To-Date(YTD) return rose by 29.45 per cent.

However, market breadth closed slightly negative with 29 losers and 28 gainers on the floor of the Exchange.

On the losers’ table, Livestock Feed Plc led by 10 per cent to close at N2.25, RT Briscoe trailed by 9.86 per cent to close at N3.20 per share.

Cornerstone Insurance lost 9.63 per cent to close at N2.44, Daar Communications shed 9.59 per cent to close at 66k, while Wapic Insurance dropped 9.41 per cent to close at 77k per share.

On the other hand, Oando led the gainers’ table by 9.95 per cent to close at N84.55, Industrial Medical Gas followed by 9.85 per cent to close at N29 per share.

E-transact also gained 9.80 per cent to close at N5.60, Conoil advanced by 9.72 per cent to close at N158 and UPL rose by 9.13 per cent to close at N2.51 per share.

Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 65.05 per cent.

A total of 498.12 million shares valued at N11.04 billion were exchanged in 13,149 deals, compared to 573.96 million shares worth N31.58 billion in 12,754 deals posted in the previous session.

UBA led the activity chart in volume with 54.85 million shares, while Oando led the chart in value with deals worth N3.20 billion.

The Nigerian stock market on Friday closed the week on a positive note, with investors adding N99 billion to their portfolios.

Notably, the market capitalisation of listed equities increased by N99 billion or 0.18 per cent from an opening of N55.379 trillion to settle at N55.478 trillion.

The All-Share Index also went up by 0.18 per cent or 172.13 points, to close at 96,580.01, against 96,407.88 recorded on Thursday.

As a result, the Year-To-Date (YTD) return rose by 29.16 per cent.

The impressive performance of the market was driven by investors buy interest in FBN Holdings, Guaranty Trust Holding Company(GTCO),Total Energies, Oando Plc, Transnational Corporation, among other advanced equities.

Meanwhile, market breadth maintained the positive momentum with 27 gainers outnumbering 25 losers on the floor of the Exchange.

On the gainers chart, Berger Paints and Deap Capital Management and Trust Plc led by 10 per cent each to close at N14.30 and N88k per share.

Oando followed by 9.94 per cent gain to close at N76.90, McNichols gained 9.93 per cent to close at N1.55, and Daar Communications advanced by 8.96 per cent to close at 73k per share.

On the other hand, Eterna Plc led the losers’ chart by 9.95 per cent to close at N27.60, RT Briscoe trailed by 9.90 per cent to close at N3.55 per share.

Tantalizers also lost 7.25 per cent to close at 64k, Chams dropped 7.17 per cent to close at N2.20, while Eunisell Interlinked Plc shed 6.25 per cent to close at three Naira per share.

Analysis of the market activities indicated that trade turnover settled higher relative to the previous session, with the value of transactions increasing by 326 per cent.

Investors exchanged a total of 573.96 million shares worth N31.58 billion in 12,754 deals, compared to 966.97 million shares valued at N7.42 billion exchanged in 9,851 deals posted previously.

On the activity chart, Julius Berger emerged as the most traded stock in volume and value, with 120.76 million shares valued at N19.63 billion.

The domestic bourse on Wednesday halted its three consecutive sessions of gain, as the market capitalisation shed N176 billion or 0.32 per cent. Specifically the Nigerian Exchange Ltd. (NGX) market capitalisation which opened at N55.437 trillion, closed at N55.261 trillion.

The All-Share Index also lost 0.32 per cent or 307 points to close at 96,203.65, against 96,510.13 recorded on Tuesday. Consequently, the Year-To-Date (YTD) return decreased by 28.66 per cent.

Selloffs in MTN Nigeria, alongside FBN Holdings, Access Corporation, Wema Bank, amongst other declined equities were the primary drivers of the market’s weak performance. However, market breadth closed positive with 35 gainers and 14 losers on the floor of the Exchange.

Industrial and Medical Gases led the gainers table by 10 per cent to close at N26.40; and Chams followed with 9.95 per cent to close at N2.32 per share. Oando gained 9.94 per cent to close at N57.85; Livestock Feed Plc rose by 9.91 per cent to close at N2.24; and Eterna Plc advanced by 9.84 per cent to close at N27.90 per share.

Neimeth International Pharmaceuticals led the losers’ table by 9.09 per cent to close at N2, while Tantalizers trailed by 8.64 per cent to close at 74k per share. MTN Nigeria lost 7.91 per cent to close at N184; Thomas Wyatt dropped 7.06 per cent to close at N1.58; while Jaiz Bank shed 6.25 per cent to close at N2.25 per share.

Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions lowering by 19.59 per cent. A total of 446.61 million shares valued at N4.53 billion were exchanged in 10,148 deals, compared to 443.16 million shares valued at N5.64 billion traded in 8,493 deals posted previously.

On the activity chart, Universal led in volume with 52.60 million shares valued at N18.78 million; while Japaul Gold followed with 51.80 million shares worth N145.32 million to lead the chart in value.

Prestige sold 35.82 million shares valued at N19.53 million; Tantalizers traded 35.14 million shares worth N28.22 million; and Chams transacted 28.73 million shares worth N65.52 million.

The domestic bourse reversed its previous session’s gain on Monday, recording a loss of N404 billion or 0.72 per cent for equity market investors.

The market’s decline was primarily driven by losses in major stocks, including BUA Cement and Tier-one banks such as Zenith Bank and Guaranty Trust Holding Company (GTCO).

Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation closed at N55.574 trillion, down from its opening value of N55.978 trillion.

The All-Share Index also decreased by 0.72 per cent, shedding 711.2 points to close at 97,880.94, compared to 98,592.12 recorded on Friday.

As a result, the Year-To-Date (YTD) return dropped to 30.90 per cent.

In spite of the overall decline, market breadth remained positive with 29 gainers and 20 losers on the Exchange.

On the gainers chart, Julius Berger led by 10 per cent to close at N121 per share, while BUA Cement led the losers chart by 9.93 per cent to close at N114.30 per share.

Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 44.11 per cent.

A total of 498.27 million shares valued at N11.77 billion were exchanged in 10,645 deals, compared to 477.44 million shares valued at N8.17 billion traded in 9,529 deals posted in the previous session.

Meanwhile, GTCO led the activity chart in volume and value with 123.92 million shares worth N5.66 billion.

The Nigerian stock market rebounded with positive momentum on Wednesday, adding N97 billion to investors’ portfolios.

Specifically, the market capitalisation of listed equities, which opened at N55.033 trillion, advanced by 0.18 per cent or N97 billion to N55.130 trillion.

The All-Share Index also increased by 0.18 per cent or 171 points to settle at 97,098.98, against 96,928.52 recorded on Tuesday.

Consequently, the Year-To-Date return rose to 29.86 per cent.

Market breadth also closed positive with 27 gainers and 22 losers.

On the gainers’ table, Redstarex led by 10 per cent to close at N4.18, Oando trailed closely by 9.98 per cent to close at N33.60 per share.

RT Briscoe and United Capital gained 9.90 per cent each to close at N1.11 and N16.10 per share respectively, while Industrial and Medical Gases added 9.87 per cent to close at N17.25 per share.

On the other hand, Neimeth led the losers’ table by 7.69 per cent to close at N1.80, Honeywell Flour followed by 6.10 per cent to close at N3.85 per share.

Sovereign Trust Insurance  dropped 5.56 per cent to close at 51k, Deap Capital Management and Trust Plc declined by four per cent to close at 48k, and Ecobank Transnational Incorporated shed 3.72 per cent to close at N20.70 per share.

Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 89.59 per cent.

A total of 636.50 million shares worth N12.77 billion was exchanged in 9,744 deals, in contrast to 449.21 million shares valued at N6.74 billion traded in 9,381 deals posted in the previous session.

Meanwhile, Access Corporation emerged as the most traded stock in volume with 112.62 million shares worth N2.11billion.

Also, Guaranty Trust Holding Company (GTCO) led in value with 74.34 million shares valued at N3.34 billion.