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All-Share Index (ASI)

  •  The stock market closed on Thursday on a negative note as market capitalisation decreased by N124 billion or 0 47 per cent to close at N26 533 trillion from N26 657 trillion on Wednesday The All Share Index ASI also dropped by 231 57 points or 0 47 per cent to close at 49 190 34 from 49 421 91 recorded on Wednesday Market breadth closed negative as 13 stocks declined while 10 advanced Trans Nationwide Express led the gainers with 8 70 per cent to close 75k per share This was followed by NEM Insurance with 2 67 per cent to close at N5 39 per share while Cutix gained by 2 50 per cent to close at N2 05 per share Also Academy Press appreciated by 2 41 per cent to close at N1 70 per share and International Breweries rose by 2 020 per cent to close at N5 05 per share On the other hand Conerstone was last with a decline of 10 per cent to close at 54k per share Multiverse Mining and Exploration followed with 9 96 per cent to close at N2 82 per share Cadbury Nigeria fell by 9 62 per cent to close at N2 82 while BUA Cement declined by 6 18 per cent to close N50 10 per share Also Guinness Nigeria declined by 5 50 per cent to close at N83 per shares NGX Group recorded the highest volume of 30 75 million shares sold at N553 54 million Zenith Bank followed with N24 39 million shares traded at N488 01 million Fidelity Bank transacted 13 84 million shares worth N50 66 while FBN Holdings sold 11 03 million shares valued at N110 81 Access Holdings sold 8 23 million shares worth N68 21 million A total of 126 84 million shares valued at N1 78 billion were exchanged in 3 117 deals compared with a total of 51 88 million shares valued at N590 01 billion exchanged in 2 981 deals on Wednesday NewsSourceCredit NAN
    Stock market drops by N124bn as sell pressure persists
     The stock market closed on Thursday on a negative note as market capitalisation decreased by N124 billion or 0 47 per cent to close at N26 533 trillion from N26 657 trillion on Wednesday The All Share Index ASI also dropped by 231 57 points or 0 47 per cent to close at 49 190 34 from 49 421 91 recorded on Wednesday Market breadth closed negative as 13 stocks declined while 10 advanced Trans Nationwide Express led the gainers with 8 70 per cent to close 75k per share This was followed by NEM Insurance with 2 67 per cent to close at N5 39 per share while Cutix gained by 2 50 per cent to close at N2 05 per share Also Academy Press appreciated by 2 41 per cent to close at N1 70 per share and International Breweries rose by 2 020 per cent to close at N5 05 per share On the other hand Conerstone was last with a decline of 10 per cent to close at 54k per share Multiverse Mining and Exploration followed with 9 96 per cent to close at N2 82 per share Cadbury Nigeria fell by 9 62 per cent to close at N2 82 while BUA Cement declined by 6 18 per cent to close N50 10 per share Also Guinness Nigeria declined by 5 50 per cent to close at N83 per shares NGX Group recorded the highest volume of 30 75 million shares sold at N553 54 million Zenith Bank followed with N24 39 million shares traded at N488 01 million Fidelity Bank transacted 13 84 million shares worth N50 66 while FBN Holdings sold 11 03 million shares valued at N110 81 Access Holdings sold 8 23 million shares worth N68 21 million A total of 126 84 million shares valued at N1 78 billion were exchanged in 3 117 deals compared with a total of 51 88 million shares valued at N590 01 billion exchanged in 2 981 deals on Wednesday NewsSourceCredit NAN
    Stock market drops by N124bn as sell pressure persists
    Economy2 weeks ago

    Stock market drops by N124bn as sell pressure persists

    The stock market closed on Thursday on a negative note as market capitalisation decreased by N124 billion or 0.47 per cent to close at N26.533 trillion from N26.657 trillion on Wednesday.

    The All-Share Index (ASI) also dropped by 231.57 points or 0.47 per cent to close at 49,190.34 from 49,421.91 recorded on Wednesday.

    Market breadth closed negative as 13 stocks declined, while 10 advanced.

    Trans-Nationwide Express led the gainers with 8.70 per cent to close 75k per share.

    This was followed by NEM Insurance with 2.67 per cent to close at N5.39 per share, while Cutix gained by 2.50 per cent to close at N2.05 per share.

    Also, Academy Press appreciated by 2.41 per cent to close at N1.70 per share and International Breweries rose by 2.020 per cent to close at N5.05 per share.

    On the other hand, Conerstone was last with a decline of 10 per cent to close at 54k per share.

    Multiverse Mining and Exploration followed with 9.96 per cent to close at N2.82 per share.

    Cadbury Nigeria fell by 9.62 per cent to close at N2.82, while BUA Cement declined by 6.18 per cent to close N50.10 per share.

    Also, Guinness Nigeria declined by 5.50 per cent to close at N83 per shares.

    NGX Group recorded the highest volume of 30.75 million shares sold at N553.54 million.

    Zenith Bank followed with N24.39 million shares traded at N488.01 million.

    Fidelity Bank transacted 13.84 million shares worth N50.66, while FBN Holdings sold 11.03 million shares valued at N110.81. Access Holdings sold 8.23 million shares worth N68.21 million.

    A total of 126.84 million shares valued at N1.78 billion were exchanged in 3,117 deals compared with a total of 51.88 million shares valued at N590.01 billion exchanged in 2.981 deals on Wednesday.


    NewsSourceCredit: NAN

  •  Profit taking continued on Thursday as the market capitalisation of the Nigerian Exchange Ltd NGX lost N19 billion to close at N26 721 trillion as against N26 740 trillion the previous day The All Share Index ASI also decreased by 35 45 points or 0 07 per cent to close at 49 540 48 compared with 49 575 93 on Wednesday The downturn was impacted by losses recorded by Guaranty Trust Holding Company GTCO First Bank of Nigeria Holding FBNH and Access Holding leading to the market s overall poor performance The year to date YTD return slipped to 15 98 per cent market breadth closed negative as 17 stocks declined while eight gained Sovereign Trust lnsurance recorded the highest price gain of 3 85 per cent to close at 27k per share Cadbury Nigeria followed with a gain of 2 69 per cent to close at N13 35 while Courteville Business Solutions appreciated by 2 08 per cent to close at 49k per share Zenith Bank rode by 0 77 per cent to close at N19 65 while UBA appreciated by 0 68 per cent to close at N7 45 per share On the other hand UACN Property Development Company led the losers chart by 6 82 per cent to close at N10 25 per share Vitafoam and UPCredit followed with a decline of 5 88 per cent each to close at N20 and N3 20 per share respectively UPDCO lost five per cent to close at 95k while Consolidated Hallmark Insurance shed 0 84 per cent to close at 59k per share Also the total volume traded declined by 57 03 per cent to 167 61 million units valued at N1 27 billion exchanged in 3 458 deals Transactions in the shares of Courteville Business Solutions topped the activity chart with 38 81 million shares valued at N18 25 million Access Holdings followed with 28 47 million shares worth N249 36 million while Fidelity Bank traded 10 82 million shares valued at N36 91 million Transcorp traded 10 69 million shares valued at N11 27 million while Consolidated Hallmark Insurance transacted 9 22 million shares worth N52 96 million NewsSourceCredit NAN
    Selloffs persist as equity market drops N19bn
     Profit taking continued on Thursday as the market capitalisation of the Nigerian Exchange Ltd NGX lost N19 billion to close at N26 721 trillion as against N26 740 trillion the previous day The All Share Index ASI also decreased by 35 45 points or 0 07 per cent to close at 49 540 48 compared with 49 575 93 on Wednesday The downturn was impacted by losses recorded by Guaranty Trust Holding Company GTCO First Bank of Nigeria Holding FBNH and Access Holding leading to the market s overall poor performance The year to date YTD return slipped to 15 98 per cent market breadth closed negative as 17 stocks declined while eight gained Sovereign Trust lnsurance recorded the highest price gain of 3 85 per cent to close at 27k per share Cadbury Nigeria followed with a gain of 2 69 per cent to close at N13 35 while Courteville Business Solutions appreciated by 2 08 per cent to close at 49k per share Zenith Bank rode by 0 77 per cent to close at N19 65 while UBA appreciated by 0 68 per cent to close at N7 45 per share On the other hand UACN Property Development Company led the losers chart by 6 82 per cent to close at N10 25 per share Vitafoam and UPCredit followed with a decline of 5 88 per cent each to close at N20 and N3 20 per share respectively UPDCO lost five per cent to close at 95k while Consolidated Hallmark Insurance shed 0 84 per cent to close at 59k per share Also the total volume traded declined by 57 03 per cent to 167 61 million units valued at N1 27 billion exchanged in 3 458 deals Transactions in the shares of Courteville Business Solutions topped the activity chart with 38 81 million shares valued at N18 25 million Access Holdings followed with 28 47 million shares worth N249 36 million while Fidelity Bank traded 10 82 million shares valued at N36 91 million Transcorp traded 10 69 million shares valued at N11 27 million while Consolidated Hallmark Insurance transacted 9 22 million shares worth N52 96 million NewsSourceCredit NAN
    Selloffs persist as equity market drops N19bn
    Economy3 weeks ago

    Selloffs persist as equity market drops N19bn

    Profit-taking continued on Thursday as the market capitalisation of the Nigerian Exchange Ltd. (NGX) lost N19 billion to close at N26.721 trillion as against N26.740 trillion the previous day.

    The All Share Index (ASI) also decreased by 35.45 points or 0.07 per cent to close at 49,540.48 compared with 49,575.93 on Wednesday.

    The downturn was impacted by losses recorded by Guaranty Trust Holding Company (GTCO), First Bank of Nigeria Holding (FBNH) and Access Holding, leading to the market’s overall poor performance.

    The year-to-date (YTD) return slipped to 15.98 per cent; market breadth closed negative as 17 stocks declined, while eight gained.

    Sovereign Trust lnsurance recorded the highest price gain of 3.85 per cent to close at 27k per share.

    Cadbury Nigeria followed with a gain of 2.69 per cent to close at N13.35, while Courteville Business Solutions appreciated by 2.08 per cent to close at 49k, per share.

    Zenith Bank rode by 0.77 per cent to close at N19.65, while UBA  appreciated by 0.68 per cent to close at N7.45 per share.

    On the other hand, UACN Property Development Company led the losers’ chart by 6.82 per cent to close at N10.25 per share.

    Vitafoam and UPCredit followed with a decline of 5.88 per cent each to close at N20 and N3.20 per share, respectively.

    UPDCO lost five per cent to close at 95k, while Consolidated Hallmark Insurance shed 0.84 per cent to close at 59k per share.

    Also, the total volume traded declined by 57.03 per cent to 167.61 million units, valued at N1.27 billion exchanged in 3,458 deals.

    Transactions in the shares of Courteville Business Solutions topped the activity chart with 38.81 million shares valued at N18.25 million.

    Access Holdings followed with 28.47 million shares worth N249.36 million, while Fidelity Bank traded 10.82 million shares valued at N36.91 million.

    Transcorp traded 10.69 million shares valued at N11.27 million, while Consolidated Hallmark Insurance transacted 9.22 million shares worth N52.96 million.


    NewsSourceCredit: NAN

  •  The market capitalisation of the Nigerian Exchange Ltd NGX on Tuesday gained N1 09 billion closing at N26 768 trillion against N26 767 trillion on Monday Similarly the All Share Index ASI rose by 2 01 points representing a gain of 0 004 per cent to 49 627 72 points from 49 625 71 the previous day However market breadth closed negative as 16 equities lost relative to 13 gainers Multiverse Mining and Exploration recorded the highest price gain of 9 69 per cent to close at N2 83 per share NPF Microfinance Bank followed with a gain of 7 84 per cent to close at N1 65 and Pharma Deko Plc went up 5 13 per cent to close at N2 05 per share Cutix was up by 5 12 per cent to close at N2 26 while Fidelity Bank appreciated by 3 02 per cent to close at N3 41 per share On the other hand Red Star Express led the losers chart by 10 per cent to close at N2 43 per share PCaverton Offshore Support Group followed with a decline of 4 55 per cent to close at N1 05 while Livestock Feeds lost 4 31 per cent to close at N1 11 per share Sovereign Trust Insurance declined 3 70 per cent to close at 26 kobo while Lasaco Assurance shed 3 13 per cent to close at 93 kobo per share The total volume of trades increased by 85 1 per cent to 160 244 million units valued at N1 488 billion and exchanged in 3 847 deals Transactions in the shares of Zenith Bank topped the activity chart with 26 736 million shares valued at N536 650 million Courteville Business Solutions followed with 24 102 million shares worth N11 328 million while Transnational Corporation of Nigeria Transcorp traded 16 249 million shares valued at N16 992 million International Energy Insurance traded 12 768 million shares valued at N20 429 million while Chams transacted 9 314 million shares worth N3 224 million NewsSourceCredit NAN
    NGX: Market capitalisation up N1.09bn
     The market capitalisation of the Nigerian Exchange Ltd NGX on Tuesday gained N1 09 billion closing at N26 768 trillion against N26 767 trillion on Monday Similarly the All Share Index ASI rose by 2 01 points representing a gain of 0 004 per cent to 49 627 72 points from 49 625 71 the previous day However market breadth closed negative as 16 equities lost relative to 13 gainers Multiverse Mining and Exploration recorded the highest price gain of 9 69 per cent to close at N2 83 per share NPF Microfinance Bank followed with a gain of 7 84 per cent to close at N1 65 and Pharma Deko Plc went up 5 13 per cent to close at N2 05 per share Cutix was up by 5 12 per cent to close at N2 26 while Fidelity Bank appreciated by 3 02 per cent to close at N3 41 per share On the other hand Red Star Express led the losers chart by 10 per cent to close at N2 43 per share PCaverton Offshore Support Group followed with a decline of 4 55 per cent to close at N1 05 while Livestock Feeds lost 4 31 per cent to close at N1 11 per share Sovereign Trust Insurance declined 3 70 per cent to close at 26 kobo while Lasaco Assurance shed 3 13 per cent to close at 93 kobo per share The total volume of trades increased by 85 1 per cent to 160 244 million units valued at N1 488 billion and exchanged in 3 847 deals Transactions in the shares of Zenith Bank topped the activity chart with 26 736 million shares valued at N536 650 million Courteville Business Solutions followed with 24 102 million shares worth N11 328 million while Transnational Corporation of Nigeria Transcorp traded 16 249 million shares valued at N16 992 million International Energy Insurance traded 12 768 million shares valued at N20 429 million while Chams transacted 9 314 million shares worth N3 224 million NewsSourceCredit NAN
    NGX: Market capitalisation up N1.09bn
    Economy3 weeks ago

    NGX: Market capitalisation up N1.09bn

    The market capitalisation of the Nigerian Exchange Ltd. (NGX) on Tuesday gained N1.09 billion, closing at N26.768 trillion against N26.767 trillion on Monday.

    Similarly, the All Share Index (ASI) rose by 2.01 points, representing a gain of 0.004 per cent to 49,627.72 points from 49,625.71 the previous day.

    However, market breadth closed negative as 16 equities lost relative to 13 gainers.

    Multiverse Mining and Exploration recorded the highest price gain of 9.69 per cent to close at N2.83, per share.

    NPF Microfinance Bank followed with a gain of 7.84 per cent to close at N1.65 and Pharma-Deko Plc went up 5.13 per cent to close at N2.05 per share.

    Cutix was up by 5.12 per cent to close at N2.26, while Fidelity Bank appreciated by 3.02 per cent to close at N3.41 per share.

    On the other hand, Red Star Express led the losers’ chart by 10 per cent to close at N2.43 per share.

    PCaverton Offshore Support Group followed with a decline of 4.55 per cent to close at N1.05, while Livestock Feeds lost 4.31 per cent to close at N1.11, per share.

    Sovereign Trust Insurance declined 3.70 per cent to close at 26 kobo, while Lasaco Assurance shed 3.13 per cent to close at 93 kobo, per share.

    The total volume of trades increased by 85.1 per cent to 160.244 million units, valued at N1.488 billion and exchanged in 3,847 deals.

    Transactions in the shares of Zenith Bank topped the activity chart with 26.736 million shares valued at N536.650 million.

    Courteville Business Solutions followed with 24.102 million shares worth N11.328 million, while Transnational Corporation of Nigeria (Transcorp)  traded 16.249 million shares valued at N16.992 million.

    International Energy Insurance traded 12.768 million shares valued at N20.429 million, while Chams transacted 9.314 million shares worth N3.224 million.


    NewsSourceCredit: NAN

  •  The stock market closed trading activities on Monday on a negative note as sell offs returned and making the market capitalisation decreased by N125 45 billion The N125 45 billion difference made the market to close at N27 23 trillion from N27 36 trillion posted on Friday and represented 0 46 per cent decrease Sell offs in all the industrial and consumer goods sector led to the decrease in the market The All Share Index ASI dropped by 0 46 per cent to close at 50 489 73 points from 50 722 33 points recorded on Friday Consequently this indicates a year date date return of 18 20 per cent Japaul Gold and Ventures led the gainers with 8 82 per cent to close 37k per share This is followed by Honeywell Flour Mill with 5 73 per cent to close at N2 95 per share while Cornerstone Insurance Company gained by 5 63 per cent to close at 75k per share Also Lasaco Assurance appreciated by 5 38 per cent to close at 98k per share and UCAP rose by 4 49 per cent to close at N12 80 per share On the other hand RT Briscoe was last with a decline of 10 per cent to close at 36k per share Industrial amp Medical Gases followed with 9 84 per cent to close at N8 25 per share Skyway Aviation Handling Company and Ellah Lakes fell by 9 6 per cent each to close at N5 65 and N3 58 per share respectively Also Caverton declined by 1 09 per cent to close at N6 84 per shares FBN Holdings recorded the highest volume of 74 6 million shares sold at 820 15 million Multiverse Mining amp Exploration followed with N20 5 million shares traded at N38 53 million Access Holdings transacted 12 3 million share worth N111 16 while AIICO Insurance sold 11 6 million shares valued at N219 15 Zenith Bank sold 10 23 million share worth N35 99 million The market turnover increased to N2 12 billion from N1 93 billion posted on Friday The market breadth was negative as 10 stocks advanced and 15 declined Also First Bank of Nigeria Holding FBNH recorded the highest volume of trade and the highest value of trade for the day NewsSourceCredit NAN
    Equity market down by N125bn as sell-offs persist
     The stock market closed trading activities on Monday on a negative note as sell offs returned and making the market capitalisation decreased by N125 45 billion The N125 45 billion difference made the market to close at N27 23 trillion from N27 36 trillion posted on Friday and represented 0 46 per cent decrease Sell offs in all the industrial and consumer goods sector led to the decrease in the market The All Share Index ASI dropped by 0 46 per cent to close at 50 489 73 points from 50 722 33 points recorded on Friday Consequently this indicates a year date date return of 18 20 per cent Japaul Gold and Ventures led the gainers with 8 82 per cent to close 37k per share This is followed by Honeywell Flour Mill with 5 73 per cent to close at N2 95 per share while Cornerstone Insurance Company gained by 5 63 per cent to close at 75k per share Also Lasaco Assurance appreciated by 5 38 per cent to close at 98k per share and UCAP rose by 4 49 per cent to close at N12 80 per share On the other hand RT Briscoe was last with a decline of 10 per cent to close at 36k per share Industrial amp Medical Gases followed with 9 84 per cent to close at N8 25 per share Skyway Aviation Handling Company and Ellah Lakes fell by 9 6 per cent each to close at N5 65 and N3 58 per share respectively Also Caverton declined by 1 09 per cent to close at N6 84 per shares FBN Holdings recorded the highest volume of 74 6 million shares sold at 820 15 million Multiverse Mining amp Exploration followed with N20 5 million shares traded at N38 53 million Access Holdings transacted 12 3 million share worth N111 16 while AIICO Insurance sold 11 6 million shares valued at N219 15 Zenith Bank sold 10 23 million share worth N35 99 million The market turnover increased to N2 12 billion from N1 93 billion posted on Friday The market breadth was negative as 10 stocks advanced and 15 declined Also First Bank of Nigeria Holding FBNH recorded the highest volume of trade and the highest value of trade for the day NewsSourceCredit NAN
    Equity market down by N125bn as sell-offs persist
    Economy2 months ago

    Equity market down by N125bn as sell-offs persist

    The stock market closed trading activities on Monday on a negative note as sell-offs returned and making the market capitalisation decreased by N125.45 billion.

    The N125.45 billion difference made the market to close at N27.23 trillion from N27.36 trillion posted on Friday and represented 0.46 per cent decrease.

    Sell-offs  in all the industrial and consumer goods sector led to the decrease in the market.

    The All-Share Index (ASI) dropped by 0.46 per cent to close at 50,489.73 points from 50,722.33 points recorded on Friday.

    Consequently, this indicates a year-date-date return of 18.20 per cent. 

    Japaul Gold and Ventures led the gainers with 8.82 per cent to close 37k per share.

    This is followed by Honeywell Flour Mill with 5.73 per cent to close at N2.95 per share, while Cornerstone Insurance Company gained by 5.63 per cent to close at 75k per share.

    Also,  Lasaco Assurance appreciated by 5.38 per cent to close at 98k per share and UCAP rose by 4.49 per cent to close at N12.80 per share.

    On the other hand, RT Briscoe was last with a decline of 10 per cent  to close at 36k per share.

    Industrial & Medical Gases followed with 9.84 per cent to close at N8.25 per share.

    Skyway Aviation Handling Company and Ellah Lakes fell by 9.6 per cent each to close at N5.65 and N3.58 per share, respectively Also,  Caverton declined by 1.09 per cent to close at N6.84 per shares.

    FBN Holdings recorded the highest volume of 74.6 million shares sold at 820.15 millionMultiverse Mining & Exploration followed with N20.5 million shares traded at N38.53 millionAccess Holdings transacted 12.3 million share worth N111.16 while AIICO Insurance sold 11.6 million shares valued at N219.15.Zenith Bank sold 10.23 million share worth N35.99 millionThe market turnover increased to N2.12 billion from N1.93 billion posted on Friday. 

    The market breadth was negative as 10 stocks advanced and 15 declined. 

    Also, First Bank of Nigeria Holding (FBNH) recorded the highest volume of trade and the highest value of trade for the day.


    NewsSourceCredit: NAN

  •   NGX witnesses bearish position as CBN hikes benchmark interest rate Equities By Olawunmi Ashafa Lagos July 19 2022 The nation s equities market recorded a bearish position following the benchmark interest rate that was increased by the Monetary Policy Committees meeting of the Central Bank of Nigeria CBN on Tuesday Losses in Accesscorp MTN Nigeria United Bank for Africa UBA and International Breweries made the market into the negative position The Monetary Policy Rate MPR which is the benchmark interest rate was increasedto 14 per cent while the Cash Reserve Ratio CRR was held at 27 50 per cent and Liquidity Ratio was retained at 30 per cent The All Share Index ASI of the Nigerian Exchange Ltd NGX decreased by 0 02 per cent to 52 308 88 points from 52 319 94 points posted on Monday Consequently the year to date gain of the index fell to 22 46 per cent Analysts at Vetiva Dealing and Brokage said Following the decision of the Central Bank of Nigeria to raise the Monetary Policy rate by 100bps we are likely to see further bearish sessions as investors continue to trade cautiously Also the market capitalisation decreased by N59 66 billion to N28 21 trillion from N28 21 trillion at the previous session Performance across sub sector gauges was largely positive The NGX Insurance Index NGX Index and the NGX Industrial Index rose by 0 86 per cent 0 79 per cent and 0 19 per cent respectively while the NGX Banking Index and the NGX Consumer Goods Index fell by 0 41 per cent and 0 13 per cent respectively The market breadth was equal as 16 stocks advanced and 16 stocks declined RTBriscoe dominated the gainers table in percentage terms gaining 10 per cent to close at 44k per share Glaxosmith followed with 9 02 per cent to close at N6 65 while Conerstone Insurance rose by 6 45 per cent to close at 66k per share Courtville Business Solution garnered 6 38 per cent to close at 50k while FTNCocoa appreciated by 6 06 per cent to close at 35k per share On the other hand Multiverse led the losers chart in percentage terms dropping 9 50 per cent to close at 17k per share Japaul Gold followed with a decline of 7 41 per cent to close at 2k while Academy Press lost seven per cent to close at 14k per share Caverton lost 6 57 per cent to close at 9k per share while UPDC dropped by 4 03 per cent to close at 5k Conversely market activity was mixed as the volume of stocks traded gainedby 76 85 per cent to 205 64 million units Transactions in the shares of United Bank for Africa UBA topped the activity chart with 74 28 million shares worth N556 84 million Accesscorp followed with 16 09 million shares valued at N146 45 million while AIICO traded 14 1 million shares worth N8 9 million FBN Holdings sold 12 82 million shares valued at N140 5 million while GTCO transacted 8 88 million shares worth N190 49 million NewsSourceCredit NAN
    NGX witnesses bearish position as CBN hikes benchmark interest rate
      NGX witnesses bearish position as CBN hikes benchmark interest rate Equities By Olawunmi Ashafa Lagos July 19 2022 The nation s equities market recorded a bearish position following the benchmark interest rate that was increased by the Monetary Policy Committees meeting of the Central Bank of Nigeria CBN on Tuesday Losses in Accesscorp MTN Nigeria United Bank for Africa UBA and International Breweries made the market into the negative position The Monetary Policy Rate MPR which is the benchmark interest rate was increasedto 14 per cent while the Cash Reserve Ratio CRR was held at 27 50 per cent and Liquidity Ratio was retained at 30 per cent The All Share Index ASI of the Nigerian Exchange Ltd NGX decreased by 0 02 per cent to 52 308 88 points from 52 319 94 points posted on Monday Consequently the year to date gain of the index fell to 22 46 per cent Analysts at Vetiva Dealing and Brokage said Following the decision of the Central Bank of Nigeria to raise the Monetary Policy rate by 100bps we are likely to see further bearish sessions as investors continue to trade cautiously Also the market capitalisation decreased by N59 66 billion to N28 21 trillion from N28 21 trillion at the previous session Performance across sub sector gauges was largely positive The NGX Insurance Index NGX Index and the NGX Industrial Index rose by 0 86 per cent 0 79 per cent and 0 19 per cent respectively while the NGX Banking Index and the NGX Consumer Goods Index fell by 0 41 per cent and 0 13 per cent respectively The market breadth was equal as 16 stocks advanced and 16 stocks declined RTBriscoe dominated the gainers table in percentage terms gaining 10 per cent to close at 44k per share Glaxosmith followed with 9 02 per cent to close at N6 65 while Conerstone Insurance rose by 6 45 per cent to close at 66k per share Courtville Business Solution garnered 6 38 per cent to close at 50k while FTNCocoa appreciated by 6 06 per cent to close at 35k per share On the other hand Multiverse led the losers chart in percentage terms dropping 9 50 per cent to close at 17k per share Japaul Gold followed with a decline of 7 41 per cent to close at 2k while Academy Press lost seven per cent to close at 14k per share Caverton lost 6 57 per cent to close at 9k per share while UPDC dropped by 4 03 per cent to close at 5k Conversely market activity was mixed as the volume of stocks traded gainedby 76 85 per cent to 205 64 million units Transactions in the shares of United Bank for Africa UBA topped the activity chart with 74 28 million shares worth N556 84 million Accesscorp followed with 16 09 million shares valued at N146 45 million while AIICO traded 14 1 million shares worth N8 9 million FBN Holdings sold 12 82 million shares valued at N140 5 million while GTCO transacted 8 88 million shares worth N190 49 million NewsSourceCredit NAN
    NGX witnesses bearish position as CBN hikes benchmark interest rate
    Economy3 months ago

    NGX witnesses bearish position as CBN hikes benchmark interest rate

    NGX witnesses bearish position as CBN hikes benchmark interest rate   Equities By Olawunmi Ashafa Lagos, July 19, 2022 The nation’s equities market recorded a bearish position, following the benchmark interest rate that was increased by the Monetary Policy Committees meeting of the Central Bank of Nigeria (CBN) on Tuesday.

      Losses in Accesscorp, MTN Nigeria, United Bank for Africa (UBA) and International Breweries made the market into the negative position.

      The Monetary Policy Rate (MPR) which is the benchmark interest rate was increasedto 14 per cent, while the Cash Reserve Ratio (CRR) was held at 27.50 per cent and Liquidity Ratio was retained at 30 per cent.

      The All-Share Index (ASI) of the Nigerian Exchange Ltd.

    (NGX) decreased by 0.02 per cent to 52,308.88 points from 52,319.94 points posted on Monday.

      Consequently, the year-to-date gain of the index fell to 22.46 per cent.

      Analysts at Vetiva Dealing and Brokage said, “Following the decision of the Central Bank of Nigeria to raise the Monetary Policy rate by 100bps, we are likely to see further bearish sessions as investors continue to trade cautiously.”   Also, the market capitalisation decreased by N59.66 billion to N28.21 trillion from N28.21 trillion at the previous session.

      Performance across sub-sector gauges was largely positive.

    The NGX Insurance Index, NGX Index and the NGX Industrial Index rose by 0.86 per cent, 0.79 per cent and 0.19 per cent respectively, while the NGX Banking Index and the NGX Consumer Goods Index fell by 0.41 per cent and 0.13 per cent respectively.

      The market breadth was equal as 16 stocks advanced and 16 stocks declined.

      RTBriscoe dominated the gainers’ table in percentage terms, gaining 10 per cent, to close at 44k per share.

      Glaxosmith followed with 9.02 per cent to close at N6.65 while Conerstone Insurance rose by 6.45 per cent to close at 66k per share.

      Courtville Business Solution garnered 6.38 per cent to close at 50k, while FTNCocoa appreciated by 6.06 per cent to close at 35k per share.

      On the other hand, Multiverse led the losers’ chart in percentage terms, dropping 9.50 per cent to close at 17k per share.

      Japaul Gold followed with a decline of 7.41 per cent to close at 2k, while Academy Press lost seven per cent to close at 14k per share.

      Caverton lost 6.57 per cent to close at 9k per share, while UPDC dropped by 4.03 per cent to close at 5k.

      Conversely, market activity was mixed as the volume of stocks traded gainedby 76.85 per cent to 205.64 million units.

      Transactions in the shares of United Bank for Africa (UBA) topped the activity chart with 74.28 million shares worth N556.84 million.

    Accesscorp followed with 16.09 million shares valued at N146.45 million, while AIICO traded 14.1 million shares worth N8.9 million.

    FBN Holdings sold 12.82 million shares valued at N140.5 million, while GTCO transacted 8.88 million shares worth N190.49 million.

    NewsSourceCredit: NAN

  •  Investors gained N11 98 billion after a three day consecutive negative trading at the nation s equities market The market capitalisation stood at N27 807 trillion representing a 0 04 per cent an increase from the N27 795 trillion recorded at close of trade on Tuesday The gains were recorded majorly on trading of banks stocks such as Guaranty Trust Holding Company GTCO United Bank for Africa UBA Sterling Bank among others Also the All Share Index ASI marginally gained one basis point to close at 51 7563 73 points from 51 556 54 points on Wednesday This made the month to date and year to date performance to stand at 0 49per cent and 20 71 per cent respectively The market breadth was positive with 15 stocks in the gainers chart as against 10 in the losers chart Academy Press recorded the highest price gain of 9 55 per cent to close at N1 72 per share NAHCO followed with a gain of 9 41 per cent to close at N9 30 per share while FTNCocoa rose by 9 38 per cent to close at 35k per share Honey Flour rose by 9 39 per cent to close at N2 97 while Ikeja Hotel gained 8 20 per cent to close at N1 32 per share On the other hand RT Briscoe led the losers chart by 8 11 per cent each to close at 34k per share UPDC depreciated by 7 87 per cent to close at N1 17 per share Regal Insurance followed with a decline of 7 41 per cent to close at 25k per share while Japaul Gold lost 3 45 per cent to close at 28k per share Also First Bank of Nigeria Holdings FBNH lost 3 20 per cent to close at N10 60 per share Meanwhile shares of JaizbBank led the volume chart with 42 10 million shares valued at N36 61 million GTCO followed with 19 45 million shares worth N396 76 million while Sterling Bank traded 9 41 million shares valued at N14 08 UBA traded 6 87 million shares valued at N51 37 million while NAHCO traded 5 18 million shares worth N46 14 million Market activity as measured by volume of trades rose to 143 288 million units of shares representing 5 94 per cent increase 135 259 million units traded the previous day Also the value of traded stocks went up by 22 07 per cent standing at 1 756 billion as against a value of 1 439 billion recorded on Wednesday www nanews ng NewsSourceCredit NAN
    NGX: Investors gain N12bn after 3-day negative posts
     Investors gained N11 98 billion after a three day consecutive negative trading at the nation s equities market The market capitalisation stood at N27 807 trillion representing a 0 04 per cent an increase from the N27 795 trillion recorded at close of trade on Tuesday The gains were recorded majorly on trading of banks stocks such as Guaranty Trust Holding Company GTCO United Bank for Africa UBA Sterling Bank among others Also the All Share Index ASI marginally gained one basis point to close at 51 7563 73 points from 51 556 54 points on Wednesday This made the month to date and year to date performance to stand at 0 49per cent and 20 71 per cent respectively The market breadth was positive with 15 stocks in the gainers chart as against 10 in the losers chart Academy Press recorded the highest price gain of 9 55 per cent to close at N1 72 per share NAHCO followed with a gain of 9 41 per cent to close at N9 30 per share while FTNCocoa rose by 9 38 per cent to close at 35k per share Honey Flour rose by 9 39 per cent to close at N2 97 while Ikeja Hotel gained 8 20 per cent to close at N1 32 per share On the other hand RT Briscoe led the losers chart by 8 11 per cent each to close at 34k per share UPDC depreciated by 7 87 per cent to close at N1 17 per share Regal Insurance followed with a decline of 7 41 per cent to close at 25k per share while Japaul Gold lost 3 45 per cent to close at 28k per share Also First Bank of Nigeria Holdings FBNH lost 3 20 per cent to close at N10 60 per share Meanwhile shares of JaizbBank led the volume chart with 42 10 million shares valued at N36 61 million GTCO followed with 19 45 million shares worth N396 76 million while Sterling Bank traded 9 41 million shares valued at N14 08 UBA traded 6 87 million shares valued at N51 37 million while NAHCO traded 5 18 million shares worth N46 14 million Market activity as measured by volume of trades rose to 143 288 million units of shares representing 5 94 per cent increase 135 259 million units traded the previous day Also the value of traded stocks went up by 22 07 per cent standing at 1 756 billion as against a value of 1 439 billion recorded on Wednesday www nanews ng NewsSourceCredit NAN
    NGX: Investors gain N12bn after 3-day negative posts
    General news3 months ago

    NGX: Investors gain N12bn after 3-day negative posts

    Investors gained N11.98 billion after a three-day consecutive negative trading at the nation’s equities market.

    The market capitalisation stood at N27.807 trillion, representing a 0.04 per cent, an increase from the N27.795 trillion recorded at close of trade on Tuesday.

    The gains were recorded majorly on trading of banks’ stocks such as Guaranty Trust Holding Company(GTCO), United Bank for Africa (UBA), Sterling Bank, among others.

    Also, the All Share Index (ASI) marginally gained one basis point to close at 51,7563.73 points from 51,556.54 points on Wednesday.

    This made the month-to-date and year-to-date performance to stand at 0.49per cent and
    20.71 per cent, respectively.

    The market breadth  was positive with 15 stocks in the gainers’ chart as against 10 in the losers’ chart.

    Academy Press recorded the highest price gain of 9.55 per cent to close at N1.72 per share.

    NAHCO followed with a gain of 9.41 per cent to close at N9.30 per share, while FTNCocoa rose by 9.38 per cent to close at 35k per share.

    Honey Flour rose by 9.39 per cent to close at N2.97, while Ikeja Hotel gained 8.20 per cent to close at N1.32 per share.

    On the other hand, RT Briscoe led the losers’ chart by 8.11 per cent each, to close at 34k per share.

    UPDC depreciated by 7.87 per cent to close at N1.17 per share.

    Regal Insurance followed with a decline of 7.41 per cent to close at 25k per share, while Japaul Gold lost 3.45 per cent to close at 28k per share.

    Also, First Bank of Nigeria Holdings (FBNH) lost 3.20 per cent to close at N10.60 per share.

    Meanwhile, shares of JaizbBank led the volume chart with 42.10 million shares valued at N36.61 million.

    GTCO followed with 19.45 million shares worth N396.76 million, while Sterling Bank traded 9.41 million shares valued at N14.08.

    UBA traded 6.87 million shares valued at N51.37 million, while NAHCO traded 5.18 million shares worth N46.14 million.

    Market activity as measured by volume of trades rose to 143,288 million units of shares, representing 5.94 per cent increase 135.259 million units traded the previous day.

    Also, the value of traded stocks went up by 22.07 per cent, standing at 1.756 billion as against a value of 1.439 billion recorded on Wednesday. (www.nanews.ng)


     

    NewsSourceCredit: NAN

  •  Bearish sentiment resurfaced at the Nigerian stock market on Monday following sell off in some bank stocks such as Fidelity Bank Sterling Bank Access Bank First Bank of Nigeria Holdings FBNH among others Specifically the market capitalisation lost N20 6 billion or 0 07 per cent to close at N27 921 trillion from N27 941 trillion on Friday Also the All Share Index ASI declined by 38 22 points or 0 07 per cent to close at 57 791 against 51 829 the same day Accordingly the year to date returns increased to 21 24 per cent Overall the market was negative with 17 losers relative to 18 gainers Fidson Pharmaceutical drove the gainers chart in percentage terms by 9 82 per cent to close at N12 30 per share Learn Africa followed with a gain 9 79 per cent to close at N2 47 while UPDC rose by 9 71 per cent to close at N1 13 per share Prestige Insurance went up by 8 33 per cent to close at 39k while Regent Alliance Insurance appreciated by 7 69 per cent to close at 28k per share On the other hand Conoil led the losers chart in percentage terms by 9 9 per cent to close at N25 95 per share Redstar Express and RT Briscoe followed with 9 09 per cent each to close at N2 50 and 40k per share Cutix shed 7 69 per cent to close at N2 28 per share while Unity Bank lost 6 67 per cent to close at 42k per share Also the total volume traded increased to 194 122 million units valued at N2 82 billion and exchanged in 4 899 deals Transactions in the shares of Transcorp topped the activity chart with 25 07 million shares valued at N31 77 million Guaranty Trust Holding Company GTCO followed with 20 18 million shares worth N413 02 million while United Bank for Africa UBA traded 15 59 million shares valued at N131 22 million AIICO traded 13 61 million shares valued at N8 32 million while First Bank of Nigeria FBNH transacted 11 63 million shares worth N131 92 million Analysist at GTI Securities said Equity market closed transaction for today negative as bargain hunting resumes We expect cautious trading to continue in the week NewsSourceCredit NAN
    Stock market records losses, capitalisation down by N20bn
     Bearish sentiment resurfaced at the Nigerian stock market on Monday following sell off in some bank stocks such as Fidelity Bank Sterling Bank Access Bank First Bank of Nigeria Holdings FBNH among others Specifically the market capitalisation lost N20 6 billion or 0 07 per cent to close at N27 921 trillion from N27 941 trillion on Friday Also the All Share Index ASI declined by 38 22 points or 0 07 per cent to close at 57 791 against 51 829 the same day Accordingly the year to date returns increased to 21 24 per cent Overall the market was negative with 17 losers relative to 18 gainers Fidson Pharmaceutical drove the gainers chart in percentage terms by 9 82 per cent to close at N12 30 per share Learn Africa followed with a gain 9 79 per cent to close at N2 47 while UPDC rose by 9 71 per cent to close at N1 13 per share Prestige Insurance went up by 8 33 per cent to close at 39k while Regent Alliance Insurance appreciated by 7 69 per cent to close at 28k per share On the other hand Conoil led the losers chart in percentage terms by 9 9 per cent to close at N25 95 per share Redstar Express and RT Briscoe followed with 9 09 per cent each to close at N2 50 and 40k per share Cutix shed 7 69 per cent to close at N2 28 per share while Unity Bank lost 6 67 per cent to close at 42k per share Also the total volume traded increased to 194 122 million units valued at N2 82 billion and exchanged in 4 899 deals Transactions in the shares of Transcorp topped the activity chart with 25 07 million shares valued at N31 77 million Guaranty Trust Holding Company GTCO followed with 20 18 million shares worth N413 02 million while United Bank for Africa UBA traded 15 59 million shares valued at N131 22 million AIICO traded 13 61 million shares valued at N8 32 million while First Bank of Nigeria FBNH transacted 11 63 million shares worth N131 92 million Analysist at GTI Securities said Equity market closed transaction for today negative as bargain hunting resumes We expect cautious trading to continue in the week NewsSourceCredit NAN
    Stock market records losses, capitalisation down by N20bn
    Economy3 months ago

    Stock market records losses, capitalisation down by N20bn

    Bearish sentiment resurfaced at the Nigerian stock market on Monday, following sell-off in some bank stocks such as  Fidelity Bank, Sterling Bank, Access Bank, First Bank of Nigeria Holdings (FBNH), among others. 
    Specifically, the market capitalisation lost N20.6 billion or 0.07 per cent to close at N27.921 trillion from N27. 941 trillion on Friday.Also, the All-Share Index (ASI) declined by 38.22 points or 0.07 per cent to close at 57,791 against 51,829 the same day.

     

    Accordingly, the year-to-date returns increased to 21.24 per cent.

    Overall, the market was negative with 17 losers, relative to 18 gainers.

    Fidson Pharmaceutical drove the gainers’ chart in percentage terms by 9.82 per cent to close at N12.30 per share. 

    Learn Africa followed with a gain 9. 79 per cent to close at N2.47, while UPDC  rose by 9.71 per cent to close at N1.13 per share.

    Prestige Insurance went up by 8.33 per cent to close at 39k, while Regent Alliance Insurance appreciated by 7.69 per cent to close at 28k per share.

    On the other hand, Conoil led the losers’ chart in percentage terms by 9.9 per cent to close at N25.95 per share.

    Redstar Express and RT Briscoe followed with 9.09 per cent each to close at N2.50 and 40k per share.

    Cutix  shed 7.69 per cent to close at N2. 28 per share, while Unity Bank lost 6.67 per cent to close at 42k per share. 

    Also, the total volume traded increased  to 194.122 million units valued at N2.82 billion and exchanged in 4,899 deals.

    Transactions in the shares of Transcorp topped the activity chart with 25.07 million shares valued at N31.77 million.

    Guaranty Trust Holding Company (GTCO) followed with 20.18 million shares worth N413.02 million, while United Bank for Africa (UBA) traded 15.59 million shares valued at N131.22 million.

    AIICO traded 13.61 million shares valued at N8.32 million, while First Bank of Nigeria (FBNH) transacted 11.63 million shares worth N131.92 million.

    Analysist at GTI Securities  said, “Equity market closed transaction for today negative, as bargain hunting resumes. We expect cautious trading to continue in the week.’

      (

    NewsSourceCredit: NAN

  •  The market capitalisation of the Nigerian Exchange NGX Ltd increased by N139 billion to N28 014 trillion from N27 875 trillion posted on Friday Also the All Share Index ASI increase by 0 50 per cent with an increase of 257 24 points to close at 51 962 85 points from 51 705 61 points recorded on Friday The market s performance was driven by sustained investors interest in MTN Nigeria First Bank of Nigeria Holdings FBNH Zenith Bank Okumu Oil among others Consequently the Year to Date YTD return rose to 21 65 per cent Market breadth closed positive with 18 gainers and 15 losers Transnational Incorporated ETI recorded the highest price in percentage terms with a gain of 9 79 per cent to close at N10 65 per share John Holts and Linkage Assurance followed with 9 52 per cent and 9 43 per cent each to close at 69k and 58k respectively Okumu Oil and Cornerstone Insurance appreciated by 3 85 per cent to close at 27k per share Conerstone rose by 6 45 per cent to close at 66k Conversely PZ led the losers chart with a loss of 10 per cent to close at N11 25 per share Eterna oil followed with 9 33 per cent to close at N6 80 while RTBriscoe depreciated by 6 25 per cent to close at 45k per share Ardova dropped 5 09 per cent to close at N13 05 while Nigerian Breweries lost 3 42 per cent to close at N57 95 per share Meanwhile the total volume also traded closed higher with an exchange of 266 51 million shares valued at N2 6 billion achieved in 5 050 deals This was in contrast with 156 09 million shares worth N1 83 billion transacted in 4 312 deals on Friday This represents an increase of 41 82 per cent Transactions in the shares of Living Trust topped the activity chart with 64 66 million shares valued at N77 59 million Transcorp followed with 31 8 million shares worth N39 66 million while Accesscorp traded 29 27 million shares valued at N275 17 million Oando sold 27 73 million shares worth N162 41 million while United Bank for Africa UBA accounted for 20 61 million shares worth N152 75 million NewsSourceCredit NAN
    Equities market gains further, market capitalisation up 0.50%
     The market capitalisation of the Nigerian Exchange NGX Ltd increased by N139 billion to N28 014 trillion from N27 875 trillion posted on Friday Also the All Share Index ASI increase by 0 50 per cent with an increase of 257 24 points to close at 51 962 85 points from 51 705 61 points recorded on Friday The market s performance was driven by sustained investors interest in MTN Nigeria First Bank of Nigeria Holdings FBNH Zenith Bank Okumu Oil among others Consequently the Year to Date YTD return rose to 21 65 per cent Market breadth closed positive with 18 gainers and 15 losers Transnational Incorporated ETI recorded the highest price in percentage terms with a gain of 9 79 per cent to close at N10 65 per share John Holts and Linkage Assurance followed with 9 52 per cent and 9 43 per cent each to close at 69k and 58k respectively Okumu Oil and Cornerstone Insurance appreciated by 3 85 per cent to close at 27k per share Conerstone rose by 6 45 per cent to close at 66k Conversely PZ led the losers chart with a loss of 10 per cent to close at N11 25 per share Eterna oil followed with 9 33 per cent to close at N6 80 while RTBriscoe depreciated by 6 25 per cent to close at 45k per share Ardova dropped 5 09 per cent to close at N13 05 while Nigerian Breweries lost 3 42 per cent to close at N57 95 per share Meanwhile the total volume also traded closed higher with an exchange of 266 51 million shares valued at N2 6 billion achieved in 5 050 deals This was in contrast with 156 09 million shares worth N1 83 billion transacted in 4 312 deals on Friday This represents an increase of 41 82 per cent Transactions in the shares of Living Trust topped the activity chart with 64 66 million shares valued at N77 59 million Transcorp followed with 31 8 million shares worth N39 66 million while Accesscorp traded 29 27 million shares valued at N275 17 million Oando sold 27 73 million shares worth N162 41 million while United Bank for Africa UBA accounted for 20 61 million shares worth N152 75 million NewsSourceCredit NAN
    Equities market gains further, market capitalisation up 0.50%
    General news3 months ago

    Equities market gains further, market capitalisation up 0.50%

    The market capitalisation of the Nigerian Exchange (NGX) Ltd., increased by N139 billion to N28.014 trillion from N27.875 trillion posted on Friday.

    Also, the All-Share Index (ASI) increase by 0.50 per cent with an increase of 257.24 points to close at 51,962.85 points from 51,705.61 points recorded on Friday.

    The market’s performance was driven by sustained investors’ interest in MTN Nigeria, First Bank of Nigeria Holdings (FBNH), Zenith Bank, Okumu Oil, among others.

    Consequently, the Year-to-Date (YTD) return rose to 21.65 per cent.

    Market breadth closed positive, with 18 gainers and 15 losers.

    Transnational Incorporated (ETI) recorded the highest price in percentage terms, with a gain of 9.79 per cent to close at N10.65 per share.

    John Holts and Linkage Assurance followed with 9.52 per cent and 9.43 per cent each to close at 69k and 58k respectively.

    Okumu Oil and Cornerstone Insurance appreciated by 3.85 per cent to close at 27k per share. Conerstone rose by 6.45 per cent to close at 66k.

    Conversely, PZ led the losers’ chart with a loss of 10 per cent to close at N11.25 per share.

    Eterna oil followed with 9.33 per cent to close at N6.80, while RTBriscoe depreciated by 6.25 per cent to close at 45k per share.

    Ardova dropped 5.09 per cent to close at N13.05, while Nigerian Breweries lost 3.42 per cent to close at N57.95 per share.

    Meanwhile, the total volume also traded closed higher with an exchange of 266.51 million shares valued at N2.6 billion achieved in 5,050 deals.

    This was in contrast with 156.09 million shares worth N1.83 billion transacted in 4,312 deals on Friday. This represents an increase of 41.82 per cent.

    Transactions in the shares of Living Trust topped the activity chart with 64.66 million shares valued at N77.59 million.

    Transcorp followed with 31.8 million shares worth N39.66 million, while Accesscorp traded 29.27 million shares valued at N275.17 million.

    Oando sold 27.73 million shares worth N162.41 million, while United Bank for Africa (UBA) accounted for 20.61 million shares worth N152.75 million.

    NewsSourceCredit: NAN

  •  The Nigerian stock market gained for the second consecutive session as market capitalisation increased by N153 billion to close at N27 697 trillion from N27 544 posted on Tuesday Also the All Share Index ASI ended 0 56 per cent stronger to close at 51 377 21 points from 51 091 75 recorded on Tuesday The performance was primarily driven by sustained rebounds in large capitalised stocks such as First Bank of Nigeria FBNH Stanbic Bank Bua Foods Dangote Cement MTN Nigeria among others As a result the ASI Year to Date YTD increased to 20 28 per cent Market breadth closed positive as 17 stocks appreciated while 16 declined EllahLake recorded the highest price gain of 10 per cent to close at N4 40 per share Presco followed with a gain of 9 71 per cent to close at N183 per share while FBNH rose by 9 52 per cent to close at N9 20 per share Livestock rose by 9 09 per cent to close at N1 44 while Courtville Business Solutions gained 8 70 per cent to close at 50k per share On the other hand Northern Nigerian Flour Mill NNFM led the losers chart by 9 91 per cent to close at N9 55 per share JohnHolts depreciated by 9 86 per cent to close at 64k and CWG dropped by 9 09 per cent to close at 80k per share ChiPlc followed with a decline of 8 82 per cent to close at 62k per share while Glaxosmith lost 6 25 per cent to close at N6 per share Analysis of today s market activities showed trade turnover settled higher relative to the previous session with the value of transactions increasing by 16 68 per cent A total of 229 37 million shares valued at N3 2 billion were exchanged in 4 536 deals Transactions in the shares of Oando topped the volume chart with 34 64 million shares valued at N184 98 million First City Monument Bank FCMB followed with 26 2 million shares worth N91 68 million while United Bank for Africa UBA traded 26 02 million shares valued at N194 05 million Accesscorp traded 23 77 million shares valued at N216 29 million while Guaranty Trust Holding Company GTCO transacted 15 83 million shares valued at N332 39 million NewsSourceCredit NAN
    NGX sustains gain, capitalisation up by N153bn
     The Nigerian stock market gained for the second consecutive session as market capitalisation increased by N153 billion to close at N27 697 trillion from N27 544 posted on Tuesday Also the All Share Index ASI ended 0 56 per cent stronger to close at 51 377 21 points from 51 091 75 recorded on Tuesday The performance was primarily driven by sustained rebounds in large capitalised stocks such as First Bank of Nigeria FBNH Stanbic Bank Bua Foods Dangote Cement MTN Nigeria among others As a result the ASI Year to Date YTD increased to 20 28 per cent Market breadth closed positive as 17 stocks appreciated while 16 declined EllahLake recorded the highest price gain of 10 per cent to close at N4 40 per share Presco followed with a gain of 9 71 per cent to close at N183 per share while FBNH rose by 9 52 per cent to close at N9 20 per share Livestock rose by 9 09 per cent to close at N1 44 while Courtville Business Solutions gained 8 70 per cent to close at 50k per share On the other hand Northern Nigerian Flour Mill NNFM led the losers chart by 9 91 per cent to close at N9 55 per share JohnHolts depreciated by 9 86 per cent to close at 64k and CWG dropped by 9 09 per cent to close at 80k per share ChiPlc followed with a decline of 8 82 per cent to close at 62k per share while Glaxosmith lost 6 25 per cent to close at N6 per share Analysis of today s market activities showed trade turnover settled higher relative to the previous session with the value of transactions increasing by 16 68 per cent A total of 229 37 million shares valued at N3 2 billion were exchanged in 4 536 deals Transactions in the shares of Oando topped the volume chart with 34 64 million shares valued at N184 98 million First City Monument Bank FCMB followed with 26 2 million shares worth N91 68 million while United Bank for Africa UBA traded 26 02 million shares valued at N194 05 million Accesscorp traded 23 77 million shares valued at N216 29 million while Guaranty Trust Holding Company GTCO transacted 15 83 million shares valued at N332 39 million NewsSourceCredit NAN
    NGX sustains gain, capitalisation up by N153bn
    Economy3 months ago

    NGX sustains gain, capitalisation up by N153bn

    The Nigerian stock market gained for the second consecutive session as market capitalisation increased by N153 billion to close at N27.697 trillion from N27.544 posted on Tuesday.

    Also, the All-Share Index (ASI) ended 0.56 per cent stronger to close at 51,377.21 points from 51,091.75 recorded on Tuesday.

    The performance was primarily driven by sustained rebounds in large capitalised stocks such as First Bank of Nigeria (FBNH), Stanbic Bank, Bua Foods, Dangote Cement, MTN Nigeria, among others.

    As a result, the ASI Year-to-Date (YTD) increased to 20.28 per cent.

    Market breadth closed positive as 17 stocks appreciated while 16 declined.

    EllahLake recorded the highest price gain of 10 per cent to close at N4.40 per share.

    Presco followed with a gain of 9.71 per cent to close at N183 per share, while FBNH rose by 9.52 per cent to close at N9.20 per share.

    Livestock rose by 9.09 per cent to close at N1.44, while Courtville Business Solutions gained 8.70 per cent to close at 50k per share.

    On the other hand, Northern Nigerian Flour Mill (NNFM) led the losers’ chart by 9.91 per cent to close at N9.55 per share.

    JohnHolts depreciated by 9.86 per cent to close at 64k and CWG dropped by 9.09 per cent to close at 80k per share.

    ChiPlc followed with a decline of 8.82 per cent to close at 62k per share, while Glaxosmith lost 6.25 per cent to close at N6 per share.

    Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions increasing by 16.68 per cent.

    A total of 229.37 million  shares valued at N3.2 billion were exchanged in 4,536 deals.

    Transactions in the shares of Oando topped the volume chart with 34.64 million shares valued at N184.98 million.

    First City Monument Bank (FCMB) followed with 26.2 million shares worth N91.68 million, while United Bank for Africa (UBA) traded 26.02 million shares valued at N194.05 million.

    Accesscorp traded 23.77 million shares valued at N216.29 million, while Guaranty Trust Holding Company (GTCO) transacted 15.83 million shares valued at N332.39 million.

    NewsSourceCredit: NAN

  •  The stock market closed on Wednesday negative as the market capitalisation decreased by N183 billion to N28 451 trillion from N28 634 trillion The All Share Index ASI also declined by 0 64 per cent to 52 775 40 points from 53 114 65 points recorded on Tuesday The decline was attributed to selloffs in MTN Nigeria stocks and some Tier 1 bank stocks First Bank of Nigeria Holdings FBNH Zenith Bank and Union Bank Consequently the year to date YTD return fell to 23 55 per cent Market breadth closed negative as 26 stocks were on the laggard s log while 11 on the leaders table Breakdown of the price movement chart shows that Tripple G recorded the highest gain to lead the gainers chart with 9 20 per cent to close at 95k per share LearnAfrica trailed with 5 49 per cent to close at N2 50 while Unity Bank rose by 2 13 per cent to close at 48k per share AIICO also rose by 1 56 per cent to close at 65k while Livestock inched up by 1 33 per cent to close at N1 52 per share On the other hand Meyer led the losers chart dropping by 10 per cent to close at N2 79 per share Linkage Assurance dropped by 8 93 per cent to close at 51k while Union Bank Insurance dipped by 7 69 per cent to close at N6 per share International Breweries lost by 6 12 per cent to close at N6 90 while FBNH dipped by 5 71 per cent to close at N9 90 per share Analysis of today s market activities showed trade turnover settled lower relative to the previous session with the value of transactions declining by 23 76 per cent A total of 188 1billion units of shares valued at N2 36bn were exchanged in 4 890 deals UBA was the toast of investors accounting for 36 42 million shares valued at N278 56 billion Guaranty Trust Holding Company GTCo came second with 24 39 million shares worth N531 3 million while FBNH sold 17 62 million shares valued at N175 82 million Sterling Bank accounted for 14 28 million shares worth N21 91 million while Zenith Bank transacted 12 84 million shares valued at N286 83 million Source NAN
    Selloffs: Stock market drops N183bn
     The stock market closed on Wednesday negative as the market capitalisation decreased by N183 billion to N28 451 trillion from N28 634 trillion The All Share Index ASI also declined by 0 64 per cent to 52 775 40 points from 53 114 65 points recorded on Tuesday The decline was attributed to selloffs in MTN Nigeria stocks and some Tier 1 bank stocks First Bank of Nigeria Holdings FBNH Zenith Bank and Union Bank Consequently the year to date YTD return fell to 23 55 per cent Market breadth closed negative as 26 stocks were on the laggard s log while 11 on the leaders table Breakdown of the price movement chart shows that Tripple G recorded the highest gain to lead the gainers chart with 9 20 per cent to close at 95k per share LearnAfrica trailed with 5 49 per cent to close at N2 50 while Unity Bank rose by 2 13 per cent to close at 48k per share AIICO also rose by 1 56 per cent to close at 65k while Livestock inched up by 1 33 per cent to close at N1 52 per share On the other hand Meyer led the losers chart dropping by 10 per cent to close at N2 79 per share Linkage Assurance dropped by 8 93 per cent to close at 51k while Union Bank Insurance dipped by 7 69 per cent to close at N6 per share International Breweries lost by 6 12 per cent to close at N6 90 while FBNH dipped by 5 71 per cent to close at N9 90 per share Analysis of today s market activities showed trade turnover settled lower relative to the previous session with the value of transactions declining by 23 76 per cent A total of 188 1billion units of shares valued at N2 36bn were exchanged in 4 890 deals UBA was the toast of investors accounting for 36 42 million shares valued at N278 56 billion Guaranty Trust Holding Company GTCo came second with 24 39 million shares worth N531 3 million while FBNH sold 17 62 million shares valued at N175 82 million Sterling Bank accounted for 14 28 million shares worth N21 91 million while Zenith Bank transacted 12 84 million shares valued at N286 83 million Source NAN
    Selloffs: Stock market drops N183bn
    Economy4 months ago

    Selloffs: Stock market drops N183bn

    The stock market closed on Wednesday negative as the market capitalisation decreased by N183 billion to N28.451 trillion from N28.634 trillion.

    The All Share Index (ASI) also declined by 0.64 per cent to 52,775.40 points from 53,114.65 points recorded on Tuesday.

    The decline was attributed to selloffs in MTN Nigeria stocks, and some Tier-1 bank stocks; First Bank of Nigeria Holdings (FBNH), Zenith Bank and Union Bank.

    Consequently, the year-to-date (YTD) return fell to 23.55 per cent.

    Market breadth closed negative as 26 stocks were on the laggard’s log while 11 on the leaders table.

    Breakdown of the price movement chart shows that Tripple G recorded the highest gain to lead the gainers’ chart with 9.20 per cent to close at 95k per share.

    LearnAfrica trailed with 5.49 per cent to close at N2.50 while Unity Bank rose by 2.13 per cent to close at 48k per share.

    AIICO also rose by 1.56 per cent to close at 65k while Livestock  inched up by 1.33 per cent to close at N1.52 per share.

    On the other hand, Meyer led the losers’ chart, dropping by 10 per cent to close at N2.79 per share.

    Linkage Assurance dropped by 8.93 per cent to close at 51k, while Union Bank Insurance dipped by 7.69 per cent to close at N6 per share.

    International Breweries  lost by 6.12 per cent to close at N6.90 while FBNH dipped by 5.71 per cent to close at N9.90 per share.

    Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions declining by 23.76 per cent.

    A total of 188.1billion units of shares valued at N2.36bn were exchanged in 4,890 deals.

    UBA was the toast of investors, accounting for 36.42 million shares valued at N278.56 billion.

    Guaranty Trust Holding Company (GTCo) came second with 24.39 million shares worth N531.3 million, while FBNH  sold 17.62 million shares valued at N175.82 million.

    Sterling Bank accounted for 14.28 million shares worth N21.91 million, while Zenith Bank transacted 12.84 million shares valued at N286.83 million.

    Source: NAN