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  •  Trading activities on the Nigerian Exchange Ltd NGX rebounded marginally on Thursday by N7 billion halting three consecutive days of bearish trend due to sustained bargain hunting Specifically the market capitalisation which opened at N24 139 trillion rose by N7 billion or 0 03 per cent to close at N24 146 trillion Also the All Share Index increased by 14 06 points or 0 03 per cent to close at 44 332 21 against 44 318 15 achieved on Wednesday As a result the year to date YTD return stood at 3 78 per cent The gains were driven by price appreciation in large and medium capitalised stocks amongst which are Dangote Suga WAPCO and Stanbic Bank Consequently market sentiment was flat with 17 stocks recording gains and losses respectively CWG led the gainers table in percentage terms gaining 10 per cent each to close 80k per share Livestock Feeds and BOC Gases trailed with 9 59 per cent to close at 80k per share UPDC Real Estate Investment followed with a gain of 8 93 per cent to close at N3 05 while Japaul Gold and Ventures grew by 7 69 per cent to close at 28k per share WAPIC Isurance rose by 5 88 per cent to close at 36k while Dangote Sugar increased by 3 92 per cent to close at N15 90 per share On the other hand Beta Glass Company led the losers chart in percentage terms losing 9 98 per cent each to close at N46 10 per share Aluminium Extrusion Industries shed 9 72 per cent to close at N7 20 per share Mutual Benefits Assurance and RTBriscoe dipped by 9 68 per cent each to close at 32k per share respectively Regency Alliance Insurance dropped by 7 69 per cent to close at 26k per share Analysis of today s market activities showed that trade turnover closed lower with the value of transactions down by 12 87 per cent The total volume of shares traded grew by 23 7 per cent with an exchange of 199 22 million shares worth N3 201 billion exchanged in 2 909 deals This was in contrast with a total of 525 01 million shares worth N5 34 billion transacted in 5 965 deals on Tuesday Fidelity Bank topped the activity chart with 39 36 million shares valued N149 02 million Guaranty Trust Holding Company GTCO came second with 83 19 million shares worth N15 4 million while Japaul Gold and Ventures accounted for 6 8 million shares valued N1 85 million Jaiz Bank sold 4 44 million shares worth N3 89 million while Access Holdings transacted 4 35 million shares valued at N35 44 million NewsSourceCredit NAN
    Stock market rebounds marginally by 0.03%
     Trading activities on the Nigerian Exchange Ltd NGX rebounded marginally on Thursday by N7 billion halting three consecutive days of bearish trend due to sustained bargain hunting Specifically the market capitalisation which opened at N24 139 trillion rose by N7 billion or 0 03 per cent to close at N24 146 trillion Also the All Share Index increased by 14 06 points or 0 03 per cent to close at 44 332 21 against 44 318 15 achieved on Wednesday As a result the year to date YTD return stood at 3 78 per cent The gains were driven by price appreciation in large and medium capitalised stocks amongst which are Dangote Suga WAPCO and Stanbic Bank Consequently market sentiment was flat with 17 stocks recording gains and losses respectively CWG led the gainers table in percentage terms gaining 10 per cent each to close 80k per share Livestock Feeds and BOC Gases trailed with 9 59 per cent to close at 80k per share UPDC Real Estate Investment followed with a gain of 8 93 per cent to close at N3 05 while Japaul Gold and Ventures grew by 7 69 per cent to close at 28k per share WAPIC Isurance rose by 5 88 per cent to close at 36k while Dangote Sugar increased by 3 92 per cent to close at N15 90 per share On the other hand Beta Glass Company led the losers chart in percentage terms losing 9 98 per cent each to close at N46 10 per share Aluminium Extrusion Industries shed 9 72 per cent to close at N7 20 per share Mutual Benefits Assurance and RTBriscoe dipped by 9 68 per cent each to close at 32k per share respectively Regency Alliance Insurance dropped by 7 69 per cent to close at 26k per share Analysis of today s market activities showed that trade turnover closed lower with the value of transactions down by 12 87 per cent The total volume of shares traded grew by 23 7 per cent with an exchange of 199 22 million shares worth N3 201 billion exchanged in 2 909 deals This was in contrast with a total of 525 01 million shares worth N5 34 billion transacted in 5 965 deals on Tuesday Fidelity Bank topped the activity chart with 39 36 million shares valued N149 02 million Guaranty Trust Holding Company GTCO came second with 83 19 million shares worth N15 4 million while Japaul Gold and Ventures accounted for 6 8 million shares valued N1 85 million Jaiz Bank sold 4 44 million shares worth N3 89 million while Access Holdings transacted 4 35 million shares valued at N35 44 million NewsSourceCredit NAN
    Stock market rebounds marginally by 0.03%
    Economy1 month ago

    Stock market rebounds marginally by 0.03%

    Trading activities on the Nigerian Exchange Ltd. (NGX) rebounded marginally on Thursday by N7 billion, halting three consecutive days of bearish trend due to sustained bargain-hunting.

    Specifically, the market capitalisation which opened at N24.139 trillion rose by N7 billion or 0.03 per cent to close at N24.146 trillion.

    Also, the All-Share Index increased by 14.06 points or 0.03 per cent to close at 44,332.21 against 44,318.15 achieved on Wednesday.

    As a result, the year-to-date (YTD) return stood at 3.78 per cent, The gains were driven by price appreciation in large and medium capitalised stocks amongst which are Dangote Suga, WAPCO and Stanbic Bank. Consequently, market sentiment was flat with 17 stocks recording gains and losses, respectively.

    CWG led the gainers’ table in percentage terms, gaining 10 per cent each to close 80k per share Livestock Feeds and BOC Gases trailed with 9.59 per cent to close at 80k per share.

    UPDC Real Estate Investment followed with a gain of 8.93 per cent to close at N3.05, while Japaul Gold and Ventures grew by 7.69 per cent to close at 28k per share.

    WAPIC Isurance rose by 5.88 per cent to close at 36k, while Dangote Sugar increased by 3.92 per cent to close at N15.90 per share.

    On the other hand, Beta Glass Company led the losers’ chart in percentage terms, losing 9.98 per cent each to close at N46.10 per share.

    Aluminium Extrusion Industries shed 9.72 per cent to close at N7.20 per share.

    Mutual Benefits Assurance and RTBriscoe dipped by 9.68 per cent each to close at 32k per share, respectively.

    Regency Alliance Insurance dropped by 7.69 per cent to close at 26k per share.

    Analysis of today’s market activities showed that trade turnover closed  lower with the value of transactions down by 12.87 per cent.

    The total volume of shares traded grew by 23.7 per cent with an exchange of 199.22 million shares worth N3.201 billion exchanged in 2,909 deals.

    This was in contrast with a total of 525.01 million shares worth N5.34 billion transacted in 5,965 deals on Tuesday.

    Fidelity Bank topped the activity chart with 39.36 million shares valued N149.02 million.

    Guaranty Trust Holding Company (GTCO) came second with 83.19 million shares worth N15.4 million, while Japaul Gold and Ventures accounted for 6.8 million shares valued N1.85 million.

    Jaiz Bank sold 4.44 million shares worth N3.89 million, while Access Holdings transacted 4.35 million shares valued at N35.44 million.


    NewsSourceCredit: NAN

  •  The market capitalisation of the Nigerian Exchange Ltd NGX again dropped by N89 billion or 0 33 per cent to close at N26 444 trillion on Friday compared with N26 533 trillion on Thursday Similarly the All Share Index ASI dropped by 163 72 points or 0 33 per cent to close at 49 026 62 from 49 190 34 recorded on Thursday The weak performance was as a result of continuous sell offs in some large and medium stocks Market breadth closed negative as 22 stocks declined while 11 advanced Vitafoam led the gainers with 6 90 per cent to close N22 45 per share This was followed by RT Briscoe with 6 06 per cent to close at 35k while Access Holding gained by 6 02 per cent to close at N8 80 per share Also Conerstone Insurance appreciated by 3 70 per cent to close at 56k and Fidelity Bank rose by three per cent to close at N3 78 per share On the other hand CWG suffered a decline of 10 per cent to close at 81k per share Berger Paint followed with 9 85 per cent to close at N5 95 per share Eterna fell by 9 45 per cent to close at N5 75 while Sunu Assurance declined by 8 57 per cent to close 32k per share Also Chams declined by 6 9 per cent to close at N27 per shares Courteville Business Solutions recorded the highest volume of 27 68 million shares sold at N12 49 million NGX Group followed with N24 54 million shares traded at N417 39 million Zenith Bank transacted 20 83 million shares worth N416 75 million while Transcorp sold 11 15 million shares valued at N11 59 million Jaiz Bank sold 10 85 million shares worth N8 66 million A total of 169 18 million shares valued at N3 19 billion were exchanged in 3 206 deals NewsSourceCredit NAN
    NGX remains bearish, indices down by 0.33%
     The market capitalisation of the Nigerian Exchange Ltd NGX again dropped by N89 billion or 0 33 per cent to close at N26 444 trillion on Friday compared with N26 533 trillion on Thursday Similarly the All Share Index ASI dropped by 163 72 points or 0 33 per cent to close at 49 026 62 from 49 190 34 recorded on Thursday The weak performance was as a result of continuous sell offs in some large and medium stocks Market breadth closed negative as 22 stocks declined while 11 advanced Vitafoam led the gainers with 6 90 per cent to close N22 45 per share This was followed by RT Briscoe with 6 06 per cent to close at 35k while Access Holding gained by 6 02 per cent to close at N8 80 per share Also Conerstone Insurance appreciated by 3 70 per cent to close at 56k and Fidelity Bank rose by three per cent to close at N3 78 per share On the other hand CWG suffered a decline of 10 per cent to close at 81k per share Berger Paint followed with 9 85 per cent to close at N5 95 per share Eterna fell by 9 45 per cent to close at N5 75 while Sunu Assurance declined by 8 57 per cent to close 32k per share Also Chams declined by 6 9 per cent to close at N27 per shares Courteville Business Solutions recorded the highest volume of 27 68 million shares sold at N12 49 million NGX Group followed with N24 54 million shares traded at N417 39 million Zenith Bank transacted 20 83 million shares worth N416 75 million while Transcorp sold 11 15 million shares valued at N11 59 million Jaiz Bank sold 10 85 million shares worth N8 66 million A total of 169 18 million shares valued at N3 19 billion were exchanged in 3 206 deals NewsSourceCredit NAN
    NGX remains bearish, indices down by 0.33%
    Economy2 months ago

    NGX remains bearish, indices down by 0.33%

    The market capitalisation of the Nigerian Exchange Ltd. (NGX) again dropped by N89 billion or 0.33 per cent to close at N26.444 trillion on Friday compared with N26.533 trillion on Thursday.

    Similarly, the All-Share Index (ASI) dropped by 163. 72 points or 0.33 per cent to close at 49,026.62 from 49,190.34 recorded on Thursday.

    The weak performance was as a result of continuous sell-offs in some large and medium stocks.

    Market breadth closed negative as 22 stocks declined while 11 advanced.

    Vitafoam led the gainers with 6.90 per cent to close N22.45 per share.

    This was followed by RT Briscoe with 6.06 per cent to close at 35k, while Access Holding gained by 6.02 per cent to close at N8.80 per share.

    Also, Conerstone Insurance appreciated by 3.70 per cent to close at 56k and Fidelity Bank rose by three per cent to close at N3.78 per share.

    On the other hand, CWG suffered a decline of 10 per cent to close at 81k per share.

    Berger Paint followed with 9.85 per cent to close at N5.95 per share.

    Eterna fell by 9.45 per cent to close at N5.75, while Sunu Assurance declined by 8.57 per cent to close 32k per share.

    Also, Chams declined by 6.9 per cent to close at N27 per shares.

    Courteville Business Solutions recorded the highest volume of 27.68 million shares sold at N12.49 million.

    NGX Group followed with N24.54 million shares traded at N417.39 million.

    Zenith Bank transacted 20.83 million shares worth N416.75 million, while Transcorp sold 11.15 million shares valued at N11.59 million.

    Jaiz Bank sold 10.85 million shares worth N8.66 million.

    A total of 169.18 million shares valued at N3.19 billion were exchanged in 3,206 deals.


    NewsSourceCredit: NAN

  •  The equities market kicked off the trading week with positive sentiments following investors buying interests making investors to gain N57 billion on Monday Also the market capitalisation stood at N28 214 trillion compared to N28 157 trillion posted at the last trading session The uptrend was impacted by gains recorded in large capitalised stocks amongst which are Seplat Guaranty Trust Holding Company GTCO UCAP among others Similarly the All Share Index rose by 0 2 per cent to 52 319 94 points from 52 215 12 points recorded on Friday Consequently the year to date gain of the NGX AS rose to 22 48 per cent Performance across sectors was mixed as the Consumer Goods index dropped by 0 6 per cent and Insurance index fell by 0 5 per cent The Oil and Gas index increased by four per cent while the Banking and Industrial Goods indices closed flat The market breadth was negative as 14 stocks advanced and 22 stocks declined Seplat dominated the gainers table in percentage terms gaining of 10 per cent to close at N1 430 per share Conerstone Insurance followed with 8 77 per cent to close at 62k while RTBriscoe rose by 8 11 per cent to close at 42k per share Wema Bank garnered 6 95 per cent to close at N4 while Fidson Pharmaceuticals appreciated by 5 21per cent to close at N9 90 per share On the other hand CWG led the losers chart in percentage terms dropping 10 per cent to close at 81k per share Academy Press followed with a decline of 9 50 per cent to close at N2 while Honey Flour lost 9 09 per cent to close at N2 50 per share NAHCO lost 8 81 per cent to close at N6 per share while Regent Alliance Insurance dropped by 7 41 per cent to close at 25k Conversely the total volume traded declined by 38 8 per cent to 116 28 million units valued at M3 46 billion and exchanged in 4 525 deals This is against 190 10 million shares valued at N4 13 billion which were exchanged in 3 893 deals on Friday Transactions in the shares of United Bank for Africa UBA topped the activity chart with 12 93 million shares worth N96 88 million Zenith Bank followed with 10 68 million shares valued at N235 68 million while First Bank of Nigeria Holdings FBNH traded 8 71 million shares worth N88 72 million Accesscorp sold 6 71 million shares valued at N62 72 million while GTCO transacted 5 89 million shares worth N125 39 million NewsSourceCredit NAN
    Buying interests on Seplat, others cause N57bn gain on NGX
     The equities market kicked off the trading week with positive sentiments following investors buying interests making investors to gain N57 billion on Monday Also the market capitalisation stood at N28 214 trillion compared to N28 157 trillion posted at the last trading session The uptrend was impacted by gains recorded in large capitalised stocks amongst which are Seplat Guaranty Trust Holding Company GTCO UCAP among others Similarly the All Share Index rose by 0 2 per cent to 52 319 94 points from 52 215 12 points recorded on Friday Consequently the year to date gain of the NGX AS rose to 22 48 per cent Performance across sectors was mixed as the Consumer Goods index dropped by 0 6 per cent and Insurance index fell by 0 5 per cent The Oil and Gas index increased by four per cent while the Banking and Industrial Goods indices closed flat The market breadth was negative as 14 stocks advanced and 22 stocks declined Seplat dominated the gainers table in percentage terms gaining of 10 per cent to close at N1 430 per share Conerstone Insurance followed with 8 77 per cent to close at 62k while RTBriscoe rose by 8 11 per cent to close at 42k per share Wema Bank garnered 6 95 per cent to close at N4 while Fidson Pharmaceuticals appreciated by 5 21per cent to close at N9 90 per share On the other hand CWG led the losers chart in percentage terms dropping 10 per cent to close at 81k per share Academy Press followed with a decline of 9 50 per cent to close at N2 while Honey Flour lost 9 09 per cent to close at N2 50 per share NAHCO lost 8 81 per cent to close at N6 per share while Regent Alliance Insurance dropped by 7 41 per cent to close at 25k Conversely the total volume traded declined by 38 8 per cent to 116 28 million units valued at M3 46 billion and exchanged in 4 525 deals This is against 190 10 million shares valued at N4 13 billion which were exchanged in 3 893 deals on Friday Transactions in the shares of United Bank for Africa UBA topped the activity chart with 12 93 million shares worth N96 88 million Zenith Bank followed with 10 68 million shares valued at N235 68 million while First Bank of Nigeria Holdings FBNH traded 8 71 million shares worth N88 72 million Accesscorp sold 6 71 million shares valued at N62 72 million while GTCO transacted 5 89 million shares worth N125 39 million NewsSourceCredit NAN
    Buying interests on Seplat, others cause N57bn gain on NGX
    Economy4 months ago

    Buying interests on Seplat, others cause N57bn gain on NGX

    The equities market kicked off the trading week with positive sentiments, following investors’ buying interests, making investors to gain N57 billion on Monday.

    Also, the market capitalisation stood at N28.214 trillion compared to N28.157 trillion posted at the last trading session.

    The uptrend was impacted by gains recorded in large capitalised stocks, amongst which are; Seplat, Guaranty Trust Holding Company (GTCO), UCAP, among others.

    Similarly, the All-Share Index rose by 0.2 per cent to 52,319.94 points from -52,215.12 points recorded on Friday.

    Consequently, the year-to-date gain of the NGX AS rose to 22.48 per cent.

    Performance across sectors was mixed, as the Consumer Goods index dropped by 0.6 per cent and Insurance index fell by 0.5 per cent.

    The Oil and Gas index increased by four per cent, while the Banking and Industrial Goods indices closed flat.

    The market breadth was negative as 14 stocks advanced and 22 stocks declined.

    Seplat dominated the gainers’ table in percentage terms, gaining of 10 per cent, to close at N1.430 per share.

    Conerstone Insurance followed with 8.77 per cent to close at 62k, while RTBriscoe rose by 8.11 per cent to close at 42k per share.

    Wema Bank garnered 6.95 per cent to close at N4, while Fidson Pharmaceuticals appreciated by 5.21per cent to close at N9.90 per share.

    On the other hand, CWG  led the losers’ chart in percentage terms, dropping 10 per cent to close at 81k per share.

    Academy Press followed with a decline of 9.50 per cent to close at N2, while Honey Flour lost 9.09 per cent to close at N2.50 per share.

    NAHCO lost 8.81 per cent to close at N6 per share, while Regent Alliance Insurance dropped by 7.41 per cent to close at 25k.

    Conversely, the total volume traded declined by 38.8 per cent to 116.28 million units, valued at M3.46 billion, and exchanged in 4,525 deals.

    This is against 190.10 million shares valued at N4.13 billion which were exchanged in 3,893 deals on Friday.

    Transactions in the shares of  United Bank for Africa (UBA) topped the activity chart with 12.93 million shares worth N96.88 million.

    Zenith Bank followed with 10.68 million shares valued at N235.68 million, while First Bank of Nigeria Holdings (FBNH)  traded 8.71 million shares worth N88.72 million.

    Accesscorp sold 6.71 million shares valued at N62.72 million, while GTCO transacted 5.89 million shares worth N125.39 million.

    NewsSourceCredit: NAN

  •  The Nigerian Exchange Ltd NGX on Thursday transacted 115 41 million shares worth N1 21 billion in 3 731 deals as the indices dropped by 0 1 per cent This was in contrast with 198 82 million shares valued N2 18 billion transacted in 4 769 deals on Wednesday representing 41 95 per cent Transcorp was the most active stock accounting for 12 18 million shares worth N15 12 million It was trailed by International Breweries with 7 65 million shares valued at N42 77 million while FBN Holdings sold 7 41 million shares worth N78 78 million Zenith Bank traded 6 59 million shares valued N148 27 million Sterling Bank sold 6 44 million shares worth N9 98 million The market capitalisation of listed equities decreased by N28 billion or 0 10 per cent to N27 685 trillion from N27 713 trillion recorded on Wednesday Also the NSE All Share Index depreciated by 51 25 points to close at 51 339 09 against 51 390 25 recorded on Wednesday Market breadth closed positive at a 15 stocks appreciated while 10 depreciated Academy Press led the gainers table increasing by 8 70 per cent to close at N2 25per share Regent Alliance Insurance followed with eight per cent to close at 27k while CWG added by 7 95 per cent to close at 95k per share Cutix gained by 7 27 per cent to close at N2 36 while NAHCO appreciated by five per cent to close at N8 40 per share On the other hand Champion Breweries topped the losers chart dropping by 8 74 per cent to close at N3 55 per share Ikeja Hotel trailed by dropping 7 69 per cent to close at N11 20 while International Breweries fell by 5 17 per cent to close at N5 50 per share Multiverse was down by 4 76 to close at N1 80 while Upcredit dipped by 4 17 per cent to close at N3 45 per share NewsSourceCredit NAN
    NGX sells 155m shares worth N1.21bn, indices drops 0.10%
     The Nigerian Exchange Ltd NGX on Thursday transacted 115 41 million shares worth N1 21 billion in 3 731 deals as the indices dropped by 0 1 per cent This was in contrast with 198 82 million shares valued N2 18 billion transacted in 4 769 deals on Wednesday representing 41 95 per cent Transcorp was the most active stock accounting for 12 18 million shares worth N15 12 million It was trailed by International Breweries with 7 65 million shares valued at N42 77 million while FBN Holdings sold 7 41 million shares worth N78 78 million Zenith Bank traded 6 59 million shares valued N148 27 million Sterling Bank sold 6 44 million shares worth N9 98 million The market capitalisation of listed equities decreased by N28 billion or 0 10 per cent to N27 685 trillion from N27 713 trillion recorded on Wednesday Also the NSE All Share Index depreciated by 51 25 points to close at 51 339 09 against 51 390 25 recorded on Wednesday Market breadth closed positive at a 15 stocks appreciated while 10 depreciated Academy Press led the gainers table increasing by 8 70 per cent to close at N2 25per share Regent Alliance Insurance followed with eight per cent to close at 27k while CWG added by 7 95 per cent to close at 95k per share Cutix gained by 7 27 per cent to close at N2 36 while NAHCO appreciated by five per cent to close at N8 40 per share On the other hand Champion Breweries topped the losers chart dropping by 8 74 per cent to close at N3 55 per share Ikeja Hotel trailed by dropping 7 69 per cent to close at N11 20 while International Breweries fell by 5 17 per cent to close at N5 50 per share Multiverse was down by 4 76 to close at N1 80 while Upcredit dipped by 4 17 per cent to close at N3 45 per share NewsSourceCredit NAN
    NGX sells 155m shares worth N1.21bn, indices drops 0.10%
    Economy4 months ago

    NGX sells 155m shares worth N1.21bn, indices drops 0.10%

    The Nigerian  Exchange Ltd. (NGX) on Thursday transacted 115.41 million shares worth N1.21 billion in 3,731 deals as the indices dropped by 0.1 per cent.This was in contrast with 198.82 million shares valued N2.18 billion transacted in 4,769 deals on Wednesday, representing 41.95 per cent.Transcorp was the most active stock, accounting for 12.18 million shares worth N15.12 millionIt was trailed by International Breweries with 7.65 million shares valued at N42.77 million, while FBN Holdings sold 7.41 million shares worth N78.78 million.Zenith Bank traded 6.59 million shares valued N148.27 million.Sterling Bank sold 6.44 million shares worth N9.98 million.The market capitalisation of listed equities decreased by N28 billion or 0.10 per cent to N27.685 trillion from N27,713 trillion recorded on Wednesday.Also, the NSE All-Share Index depreciated by 51.25 points to close at 51,339.09 against 51,390.25 recorded on Wednesday.Market breadth closed positive at a 15 stocks appreciated while 10 depreciated. Academy Press  led the gainers’ table, increasing by 8.70 per cent to close at N2.25per share.Regent Alliance Insurance followed with  eight per cent to close at 27k, while CWG added  by 7.95 per cent to close at 95k per share.Cutix gained by 7.27 per cent to close at N2.36 while NAHCO appreciated by five per cent to close at N8.40 per share.On the other hand, Champion Breweries topped the losers’ chart, dropping by 8.74 per cent to close at N3.55 per share.Ikeja Hotel  trailed  by dropping 7.69 per cent  to close at N11.20 , while International Breweries fell by  5.17 per cent to close at N5.50 per share.Multiverse was down by 4.76 to close at N1.80, while Upcredit dipped by 4.17 per cent to close at N3.45 per share. 

    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
    Economy5 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 Nigerian equities market closed further on a negative note on Thursday Specifically the market capitalisation decreased by N196 40 billion to N28 255 trillion from N28 451 trillion posted on Wednesday Similarly the All Share Index ASI declined to 52 411 09 points or 0 69 per cent from 52 775 40 points recorded on Wednesday The market breadth was negative as 12 stocks advanced and 22 stocks declined An analysis of the price movement chart shows that Linkage Assurance led the gainers table growing by 9 80 per cent to close at 56k per share Courtville Business Solutions followed with eight per cent to close at 54k while JapaulGold gained by 6 90 per cent to close at 31k per share Chams rose by 4 17 per cent to close at 25k while UPDC added by 4 08 per cent to close at N1 02 per share Conversely Conoil topped the losers chart dropping by 10 per cent to close at N28 80 per share Bua Foods led the gainers list with 9 97 per cent to close at N53 75 while Etranzact dropped by 9 96 per cent to close at N2 44 CWG and Eterna Oil declined by 9 62 per cent and 6 25 per cent to close at 94k and N7 50 respectively Also the market turnover increased to N2 37 billion from N2 36 billion Sterling Bank was the toast of investors during the day exchanging 63 66 million shares valued N97 45 billion while Zenith Bank traded 17 34 million shares valued N382 57 million United Bank for Africa UBA followed with an account of 17 33 million shares worth N131 85 million Transcorp exchanged 16 17 million shares worth N21 04 million and First Bank of Nigeria Holdings FBNH sold 10 3 million shares worth N101 02 million The total volume of shares traded stood 211 62 million units valued at N2 37 billion and exchanged in deals NewsSourceCredit NAN
    Equities market declines further on profit taking
     The Nigerian equities market closed further on a negative note on Thursday Specifically the market capitalisation decreased by N196 40 billion to N28 255 trillion from N28 451 trillion posted on Wednesday Similarly the All Share Index ASI declined to 52 411 09 points or 0 69 per cent from 52 775 40 points recorded on Wednesday The market breadth was negative as 12 stocks advanced and 22 stocks declined An analysis of the price movement chart shows that Linkage Assurance led the gainers table growing by 9 80 per cent to close at 56k per share Courtville Business Solutions followed with eight per cent to close at 54k while JapaulGold gained by 6 90 per cent to close at 31k per share Chams rose by 4 17 per cent to close at 25k while UPDC added by 4 08 per cent to close at N1 02 per share Conversely Conoil topped the losers chart dropping by 10 per cent to close at N28 80 per share Bua Foods led the gainers list with 9 97 per cent to close at N53 75 while Etranzact dropped by 9 96 per cent to close at N2 44 CWG and Eterna Oil declined by 9 62 per cent and 6 25 per cent to close at 94k and N7 50 respectively Also the market turnover increased to N2 37 billion from N2 36 billion Sterling Bank was the toast of investors during the day exchanging 63 66 million shares valued N97 45 billion while Zenith Bank traded 17 34 million shares valued N382 57 million United Bank for Africa UBA followed with an account of 17 33 million shares worth N131 85 million Transcorp exchanged 16 17 million shares worth N21 04 million and First Bank of Nigeria Holdings FBNH sold 10 3 million shares worth N101 02 million The total volume of shares traded stood 211 62 million units valued at N2 37 billion and exchanged in deals NewsSourceCredit NAN
    Equities market declines further on profit taking
    Economy5 months ago

    Equities market declines further on profit taking

    The Nigerian equities market closed further on a negative note on Thursday.

    Specifically, the market capitalisation decreased by N196.40 billion to N28.255 trillion from N28.451 trillion posted on Wednesday.

    Similarly, the All-Share Index (ASI) declined to 52,411.09 points, or 0.69 per cent, from 52,775.40 points recorded on Wednesday.

    The market breadth was negative as 12 stocks advanced and 22 stocks declined.

    An analysis of the price movement chart shows that Linkage Assurance led the gainers’ table, growing by 9.80 per cent to close at 56k per share.

    Courtville Business Solutions followed with eight per cent to close at 54k, while JapaulGold gained by 6.90 per cent to close at 31k per share.

    Chams rose by 4.17 per cent to close at 25k, while UPDC added by 4.08 per cent to close at N1.02 per share.

    Conversely, Conoil topped the losers’ chart, dropping by 10 per cent to close at N28.80 per share.

    Bua Foods led the gainers’ list with 9.97 per cent to close at N53.75, while Etranzact dropped by 9.96 per cent to close at  N2.44.

    CWG and Eterna Oil declined by 9.62 per cent and 6.25 per cent to close at 94k and N7.50, respectively.

    Also, the market turnover increased to N2.37 billion from N2.36 billion.

    Sterling Bank was the toast of investors during the day, exchanging 63.66 million shares valued N97.45 billion, while Zenith Bank traded 17.34 million shares valued N382.57 million.

    United Bank for Africa (UBA) followed with an account of 17.33 million shares worth N131.85 million.

    Transcorp exchanged 16.17 million shares worth N21.04 million and First Bank of Nigeria Holdings (FBNH) sold 10.3 million shares worth N101.02 million.

    The total volume of shares traded stood  211,62 million units, valued at N2.37 billion, and exchanged in  deals.

    NewsSourceCredit: NAN

  •  The equities market settled lower on Tuesday as market capitalisation declined by N422 billion to close at N28 567 trillion from N28 989 trillion on Monday The All Share Index ASI also dipped by 1 45 per cent to 52 990 28 points from 53 772 14 points recorded on Monday The Month to Date and Year to Date returns increased to 6 8 per cent and 24 1 per cent respectively Sectoral performance was broadly negative as the Industrial Goods recorded a decline of 3 6 per cent Consumer Goods fell by 1 8 per cent Oil and Gas dropped by 0 8 per cent Banking also dropped by 0 2 per cent and Insurance fell by 0 1 per cent The market sentiment was positive with 19 gainers relative to 16 losers Transcorp Hotel topped the gainers chart in percentage terms with 6 48 per cent to close at N6 25 per share Champion Breweries followed with 5 05 per cent to close at N3 95 while CWG rose by 5 05 per cent to close at N1 04 per share Ecobank Transnational Incorporated ETI rose by 5 04 per cent to close at N12 50 while LASACO Assurance appreciated by 4 81 per cent to close at N1 09 per share Conversely Nigerian Breweries led the losers chart in percentage terms by 9 96 per cent to close at N62 40 per share NNFM dropped by 9 83 per cent to close at N10 55 while Japaul Gold declined by 9 09 per cent to close at 30k Also Prestige and Multiverse Mining and Exploration followed with a loss of 6 98 per cent and 4 76 per cent each to close at 40k and 20k respectively The total volume traded decreased by 98 9 per cent to 318 28 million units valued at NGN3 71 billion exchanged in 5 190 deals Transactions in the shares of Transcorp topped the activity chart with 86 74million shares valued at N111 73 million Jaiz Bank sold 22 77 million shares worth N20 25 million while Sovereign Insurance accounted for 20 21 million shares valued at N5 03 million First City Monument Bank FCMB traded 19 76 million shares worth N68 51 million while Sterling Bank transacted 17 17 million shares valued at N25 71 million MTN Nigeria was the most traded stock by value at NGN1 64 billion www nanews ng Salif Atojoko NAN
    Stock market: Capitalisation loses N422bn
     The equities market settled lower on Tuesday as market capitalisation declined by N422 billion to close at N28 567 trillion from N28 989 trillion on Monday The All Share Index ASI also dipped by 1 45 per cent to 52 990 28 points from 53 772 14 points recorded on Monday The Month to Date and Year to Date returns increased to 6 8 per cent and 24 1 per cent respectively Sectoral performance was broadly negative as the Industrial Goods recorded a decline of 3 6 per cent Consumer Goods fell by 1 8 per cent Oil and Gas dropped by 0 8 per cent Banking also dropped by 0 2 per cent and Insurance fell by 0 1 per cent The market sentiment was positive with 19 gainers relative to 16 losers Transcorp Hotel topped the gainers chart in percentage terms with 6 48 per cent to close at N6 25 per share Champion Breweries followed with 5 05 per cent to close at N3 95 while CWG rose by 5 05 per cent to close at N1 04 per share Ecobank Transnational Incorporated ETI rose by 5 04 per cent to close at N12 50 while LASACO Assurance appreciated by 4 81 per cent to close at N1 09 per share Conversely Nigerian Breweries led the losers chart in percentage terms by 9 96 per cent to close at N62 40 per share NNFM dropped by 9 83 per cent to close at N10 55 while Japaul Gold declined by 9 09 per cent to close at 30k Also Prestige and Multiverse Mining and Exploration followed with a loss of 6 98 per cent and 4 76 per cent each to close at 40k and 20k respectively The total volume traded decreased by 98 9 per cent to 318 28 million units valued at NGN3 71 billion exchanged in 5 190 deals Transactions in the shares of Transcorp topped the activity chart with 86 74million shares valued at N111 73 million Jaiz Bank sold 22 77 million shares worth N20 25 million while Sovereign Insurance accounted for 20 21 million shares valued at N5 03 million First City Monument Bank FCMB traded 19 76 million shares worth N68 51 million while Sterling Bank transacted 17 17 million shares valued at N25 71 million MTN Nigeria was the most traded stock by value at NGN1 64 billion www nanews ng Salif Atojoko NAN
    Stock market: Capitalisation loses N422bn
    Economy6 months ago

    Stock market: Capitalisation loses N422bn

    The equities market settled lower on Tuesday as market capitalisation declined by N422 billion to close at N28.567 trillion from N28.989 trillion on Monday.

    The All-Share Index (ASI) also dipped by 1.45 per cent to 52,990.28 points from 53,772.14 points recorded on Monday.

    The Month-to-Date and Year-to-Date returns increased to 6.8 per cent and 24.1 per cent, respectively.

    Sectoral performance was broadly negative, as the Industrial Goods recorded a decline of 3.6 per cent, Consumer Goods fell by 1.8 per cent, Oil and Gas dropped by 0.8 per cent, Banking also dropped by 0.2 per cent, and Insurance fell by 0.1 per cent.

    The market sentiment was positive with 19 gainers relative to 16 losers.

    Transcorp Hotel topped the gainers’ chart in percentage terms with 6.48 per cent to close at N6.25 per share.

    Champion Breweries followed with 5.05 per cent to close at N3.95, while CWG rose by 5.05 per cent to close at N1.04 per share.

    Ecobank Transnational Incorporated (ETI) rose by 5.04 per cent to close at N12.50, while LASACO Assurance appreciated by 4.81 per cent to close at N1.09 per share.

    Conversely, Nigerian Breweries led the losers’ chart in percentage terms by 9.96 per cent to close at N62.40 per share.

    NNFM dropped by 9.83 per cent to close at N10.55, while Japaul Gold declined by 9.09 per cent to close at 30k.

    Also, Prestige and Multiverse Mining and Exploration followed with a loss of 6.98 per cent and 4.76 per cent each to close at 40k and 20k, respectively.

    The total volume traded decreased by 98.9 per cent to 318.28 million units valued at NGN3.71 billion, exchanged in 5,190 deals.

    Transactions in the shares of Transcorp topped the activity chart with 86.74million shares valued at N111.73 million.

    Jaiz Bank sold 22.77 million shares worth N20.25 million, while Sovereign Insurance accounted for 20.21 million shares valued at N5.03 million.

    First City Monument Bank (FCMB) traded 19.76 million shares worth N68.51 million, while Sterling Bank transacted 17.17 million shares valued at N25.71 million.

    MTN Nigeria was the most traded stock by value at NGN1.64 billion.

    (www nanews.ng)

    Salif Atojoko

    (NAN)

  •   Specifically the market capitalisation garnered N556 93 billion or 1 99 per cent to close at N28 735 trillion from N27 928 trillion on Tuesday Also the All Share Index advanced by 1 033 04 points or 1 99 per cent to close at 52 838 45 against 51 805 41 achieved on Tuesday Accordingly the year to date returns increased to 23 70 per cent The upturn was impacted by gains recorded in the other sectors including ARDOVA Dangote Cement Cadbury Guaranty Trust Holding Company GTCo Sectoral performance was positive as most indices gained The Consumer Goods rose by I 5 per cent Industrial Goods 1 4 per cent Insurance 0 9 per cent Oil and Gas 0 1 per cent while the Banking index closed flat Overall the market was positive with 43 gainers relative to 27 losers CWG and Okomu Oil drove the gainers chart in percentage terms by 10 per cent each to close at 99k and N205 per share respectively Champion followed with a gain 9 93 per cent to close at N4 43 while MC Nicholas rose by 9 90 per cent to close at N1 11 per share IMG went up by 9 88 per cent to close at N9 45 On the other hand Bua Foods and Ikeja Hotel led the losers chart in percentage terms by 10 per cent to close at N56 70 and N1 17 per share respectively Eterna Oil followed with 9 92 per cent to close at N6 54 per share NPF Microfinance shed 9 50 per cent to close at N9 05 while RTBriscoe lost 8 70 per cent each to close at 63k per share Also the total volume traded rose by 45 58 per cent to 417 39 million units valued N7 33 billion and exchanged in 7 255 deals Transactions in the shares of Jaiz Bank topped the activity chart with 40 44 million shares valued N34 92 million Transcorp followed with 35 37 million shares worth N42 62 million while International Breweries traded 25 35 million shares valued N224 91 million Unilever traded 24 64 million shares valued N362 62 million while Fidelity Bank transacted 20 99 million shares worth N74 13 million www nanews ng NAN
    NGX market capitalisation rebounds by N556bn
      Specifically the market capitalisation garnered N556 93 billion or 1 99 per cent to close at N28 735 trillion from N27 928 trillion on Tuesday Also the All Share Index advanced by 1 033 04 points or 1 99 per cent to close at 52 838 45 against 51 805 41 achieved on Tuesday Accordingly the year to date returns increased to 23 70 per cent The upturn was impacted by gains recorded in the other sectors including ARDOVA Dangote Cement Cadbury Guaranty Trust Holding Company GTCo Sectoral performance was positive as most indices gained The Consumer Goods rose by I 5 per cent Industrial Goods 1 4 per cent Insurance 0 9 per cent Oil and Gas 0 1 per cent while the Banking index closed flat Overall the market was positive with 43 gainers relative to 27 losers CWG and Okomu Oil drove the gainers chart in percentage terms by 10 per cent each to close at 99k and N205 per share respectively Champion followed with a gain 9 93 per cent to close at N4 43 while MC Nicholas rose by 9 90 per cent to close at N1 11 per share IMG went up by 9 88 per cent to close at N9 45 On the other hand Bua Foods and Ikeja Hotel led the losers chart in percentage terms by 10 per cent to close at N56 70 and N1 17 per share respectively Eterna Oil followed with 9 92 per cent to close at N6 54 per share NPF Microfinance shed 9 50 per cent to close at N9 05 while RTBriscoe lost 8 70 per cent each to close at 63k per share Also the total volume traded rose by 45 58 per cent to 417 39 million units valued N7 33 billion and exchanged in 7 255 deals Transactions in the shares of Jaiz Bank topped the activity chart with 40 44 million shares valued N34 92 million Transcorp followed with 35 37 million shares worth N42 62 million while International Breweries traded 25 35 million shares valued N224 91 million Unilever traded 24 64 million shares valued N362 62 million while Fidelity Bank transacted 20 99 million shares worth N74 13 million www nanews ng NAN
    NGX market capitalisation rebounds by N556bn
    Economy7 months ago

    NGX market capitalisation rebounds by N556bn

    Specifically, the market capitalisation garnered N556.93 billion or 1.99 per cent to close at N28.735 trillion from N27.928 trillion on Tuesday.

    Also, the All-Share Index advanced by 1,033.04 points or 1.99  per cent to close at 52,838.45 against 51,805.41 achieved on Tuesday.

    Accordingly, the year-to-date returns increased to 23.70 per cent.

    The upturn was impacted by gains recorded in the other sectors,  including ARDOVA, Dangote, Cement, Cadbury, Guaranty Trust Holding Company (GTCo).

    Sectoral performance was positive as most indices gained.

    The Consumer Goods rose by I.5 per cent Industrial Goods 1.4 per cent,  Insurance 0.9 per cent, Oil and Gas 0.1 per cent, while the Banking index closed flat.

    Overall, the market was positive with 43 gainers relative to 27 losers.

    CWG and Okomu Oil drove the gainers’ chart in percentage terms by 10 per cent each to close at 99k and N205 per share, respectively.

    Champion followed with a gain 9.93 per cent to close at N4.43, while MC Nicholas rose by 9.90 per cent to close at N1.11 per share.

    IMG went up by 9.88 per cent to close at N9.45.

    On the other hand, Bua Foods  and Ikeja Hotel led the losers’ chart in percentage terms by 10 per cent to close at N56.70 and N1.17 per share, respectively.

    Eterna Oil followed with 9.92 per cent to close at N6.54 per share.

    NPF Microfinance shed 9.50 per cent to close at N9.05 while RTBriscoe lost 8.70  per cent each to close at 63k per share.

    Also, the total volume traded rose by 45.58 per cent to 417.39 million units valued N7.33 billion and exchanged in 7, 255 deals.

    Transactions in the shares of Jaiz Bank topped the activity chart with 40.44 million shares valued  N34.92 million.

    Transcorp followed with 35.37 million shares worth N42.62 million, while International Breweries traded 25.35 million shares valued  N224.91 million.

    Unilever traded 24.64 million shares valued N362.62 million, while Fidelity Bank transacted 20.99 million shares worth N74.13 million. (www.nanews.ng)

    (NAN)

  •  The stock market extended its bullish streak on Friday ending the week in the green following investor interest in some consumer goods stocks Specifically the market capitalization gained N53 billion to close at N27 459 billion against N27 406 billion on Thursday Similarly the All Share Index rose 99 08 points to close at 50 935 03 from 50 835 95 on Thursday The positive market performance was fueled by bargain hunting in shares of Champion International Breweries Cadbury PZ and NAHCO In terms of sector performance the insurance index NGX consumer goods index NGX oil and gas index and NGX industrial index increased by 1 34 0 98 1 39 0 79 and 0 13 respectively The market closed in negative with 45 losers in relation to 14 winners Caverton led the list of winners in percentage terms by 10 per cent to close at N1 32 per share Champion followed with 9 87 percent to close at N3 34 while Learn Africa appreciated 9 81 percent to close at N2 35 per share International Breweries rose 9 76 percent to close at N6 75 while Cadbury gained 9 72 percent to close at N13 56 a share On the other hand Living Trust led the losers table in percentage terms with 9 68 percent to close at N1 12 per share CWG followed down 6 25 per cent to close at 90k while Stanbic was down 6 17 per cent to close at N34 20 per share Ikeja Hotel depreciated 5 19 percent each to close at N1 35 Also Veritas Kapital lost 4 55 percent 21k per share The total volume traded rose 0 8 percent to 466 28 million units valued at N5 309 billion traded in 7 442 deals This was against a total of 462 60 million shares worth N8 305 billion achieved in 6 801 deals on Thursday Trading in Living Trust shares topped the activity chart with 88 57 million shares valued at N99 2 million Transcorp followed with 40 51 million shares worth N48 31 million while Fidelity Bank traded 30 4 million shares valued at N111 97 million Covertville traded 29 62 million shares worth N14 82 million while Zenith Bank traded 24 05 million shares valued N588 66 million www NAN
    Stock market closes positive amid bargain hunting
     The stock market extended its bullish streak on Friday ending the week in the green following investor interest in some consumer goods stocks Specifically the market capitalization gained N53 billion to close at N27 459 billion against N27 406 billion on Thursday Similarly the All Share Index rose 99 08 points to close at 50 935 03 from 50 835 95 on Thursday The positive market performance was fueled by bargain hunting in shares of Champion International Breweries Cadbury PZ and NAHCO In terms of sector performance the insurance index NGX consumer goods index NGX oil and gas index and NGX industrial index increased by 1 34 0 98 1 39 0 79 and 0 13 respectively The market closed in negative with 45 losers in relation to 14 winners Caverton led the list of winners in percentage terms by 10 per cent to close at N1 32 per share Champion followed with 9 87 percent to close at N3 34 while Learn Africa appreciated 9 81 percent to close at N2 35 per share International Breweries rose 9 76 percent to close at N6 75 while Cadbury gained 9 72 percent to close at N13 56 a share On the other hand Living Trust led the losers table in percentage terms with 9 68 percent to close at N1 12 per share CWG followed down 6 25 per cent to close at 90k while Stanbic was down 6 17 per cent to close at N34 20 per share Ikeja Hotel depreciated 5 19 percent each to close at N1 35 Also Veritas Kapital lost 4 55 percent 21k per share The total volume traded rose 0 8 percent to 466 28 million units valued at N5 309 billion traded in 7 442 deals This was against a total of 462 60 million shares worth N8 305 billion achieved in 6 801 deals on Thursday Trading in Living Trust shares topped the activity chart with 88 57 million shares valued at N99 2 million Transcorp followed with 40 51 million shares worth N48 31 million while Fidelity Bank traded 30 4 million shares valued at N111 97 million Covertville traded 29 62 million shares worth N14 82 million while Zenith Bank traded 24 05 million shares valued N588 66 million www NAN
    Stock market closes positive amid bargain hunting
    Economy7 months ago

    Stock market closes positive amid bargain hunting

    The stock market extended its bullish streak on Friday, ending the week in the green, following investor interest in some consumer goods stocks.

    Specifically, the market capitalization gained N53 billion to close at N27.459 billion against N27.406 billion on Thursday.

    Similarly, the All-Share Index rose 99.08 points to close at 50,935.03 from 50,835.95 on Thursday.

    The positive market performance was fueled by bargain hunting in shares of Champion, International Breweries, Cadbury, PZ and NAHCO,

    In terms of sector performance, the insurance index, NGX consumer goods index, NGX oil and gas index and NGX industrial index increased by 1.34%, 0.98%, 1.39%, 0.79% and 0.13%, respectively.

    The market closed in negative with 45 losers in relation to 14 winners.

    Caverton led the list of winners in percentage terms by 10 per cent to close at N1.32 per share.

    Champion followed with 9.87 percent to close at N3.34, while Learn Africa appreciated 9.81 percent to close at N2.35 per share.

    International Breweries rose 9.76 percent to close at N6.75, while Cadbury gained 9.72 percent to close at N13.56 a share.

    On the other hand, Living Trust led the losers table in percentage terms with 9.68 percent to close at N1.12 per share.

    CWG followed down 6.25 per cent to close at 90k, while Stanbic was down 6.17 per cent to close at N34.20 per share.

    Ikeja Hotel depreciated 5.19 percent each to close at N1.35.

    Also, Veritas Kapital lost 4.55 percent 21k per share.

    The total volume traded rose 0.8 percent to 466.28 million units valued at N5,309 billion traded in 7,442 deals.

    This was against a total of 462.60 million shares worth N8.305 billion achieved in 6,801 deals on Thursday.

    Trading in Living Trust shares topped the activity chart with 88.57 million shares valued at N99.2 million.

    Transcorp followed with 40.51 million shares worth N48.31 million, while Fidelity Bank traded 30.4 million shares valued at N111.97 million.

    Covertville traded 29.62 million shares worth N14.82 million, while Zenith Bank traded 24.05 million shares valued N588.66 million. (www.

    (NAN)

  •  Transactions on the Nigerian Exchange Ltd NGX on Wednesday maintained a positive posture with the market indices increasing by 1 25 per cent due to gains recorded by some blue chip companies The News Agency of Nigeria NAN reports that the market capitalisation upgraded by N320 billion to close at N25 95 trillion in contrast with N25 63 trillion achieved on Tuesday Similarly the All Share Index ASI which opened at 47 545 86 points closed at 48 138 71 representing 1 25 per cent Market analysts at Vetiva Research said Market witnessed an unexpected positive close in some counters that have been trading flat in recent sessions while sustaining its profit taking activities in the banking space We anticipate a further mixed activity tomorrow as investors continue to cherry pick attractive counters across board NAN reports that Eterna Oil recorded the highest price gain in percentage terms to lead the gainers chart appreciating by 10 per cent to close at 50k per share Japaul Gold also had a gain of 10 per cent to close at 3k and Guinness rose by 9 96 per cent to close at N7 45 per share Meyer was up 9 66 per cent to close at 17k while WAPIC appreciated by 9 52 per cent to close at 4k per share Conversely UnionDicon topped the losers table dropping by 9 6 per cent to close at 95kper share CWG followed with a loss of 9 28 per cent to close at 9k and JohnHolt depreciated by 8 97 per cent to close at 7k per share Regal Insurance went down by 8 57 per cent to close at 3k while Sunu Assurance shed by 8 33 per cent to close at 3k per share NAN also reports that analysis of the activity chart indicated that Universal Insurance emerged the most active in volume terms having accounted for 73 05 million shares worth N14 61 million It was followed by Zenith Bank with an exchange of 33 65 million shares valued at N571 51 million and Fidelity Bank sold 20 73 million shares worth N79 96 million United Bank for Africa UBA exchanged 20 06 million shares valued at N160 5 million while Mutual Benefits Assurance sold 16 37 million shares worth N3 95 million In all investors staked N3 699 billion on 349 56 million shares transacted in 4 587 deals against 365 45 million shares worth N7 11 billion achieved in 5 790 deals on Tuesday Source Credit NAN
    Gains on blue chip companies lift NGX index 1.25%
     Transactions on the Nigerian Exchange Ltd NGX on Wednesday maintained a positive posture with the market indices increasing by 1 25 per cent due to gains recorded by some blue chip companies The News Agency of Nigeria NAN reports that the market capitalisation upgraded by N320 billion to close at N25 95 trillion in contrast with N25 63 trillion achieved on Tuesday Similarly the All Share Index ASI which opened at 47 545 86 points closed at 48 138 71 representing 1 25 per cent Market analysts at Vetiva Research said Market witnessed an unexpected positive close in some counters that have been trading flat in recent sessions while sustaining its profit taking activities in the banking space We anticipate a further mixed activity tomorrow as investors continue to cherry pick attractive counters across board NAN reports that Eterna Oil recorded the highest price gain in percentage terms to lead the gainers chart appreciating by 10 per cent to close at 50k per share Japaul Gold also had a gain of 10 per cent to close at 3k and Guinness rose by 9 96 per cent to close at N7 45 per share Meyer was up 9 66 per cent to close at 17k while WAPIC appreciated by 9 52 per cent to close at 4k per share Conversely UnionDicon topped the losers table dropping by 9 6 per cent to close at 95kper share CWG followed with a loss of 9 28 per cent to close at 9k and JohnHolt depreciated by 8 97 per cent to close at 7k per share Regal Insurance went down by 8 57 per cent to close at 3k while Sunu Assurance shed by 8 33 per cent to close at 3k per share NAN also reports that analysis of the activity chart indicated that Universal Insurance emerged the most active in volume terms having accounted for 73 05 million shares worth N14 61 million It was followed by Zenith Bank with an exchange of 33 65 million shares valued at N571 51 million and Fidelity Bank sold 20 73 million shares worth N79 96 million United Bank for Africa UBA exchanged 20 06 million shares valued at N160 5 million while Mutual Benefits Assurance sold 16 37 million shares worth N3 95 million In all investors staked N3 699 billion on 349 56 million shares transacted in 4 587 deals against 365 45 million shares worth N7 11 billion achieved in 5 790 deals on Tuesday Source Credit NAN
    Gains on blue chip companies lift NGX index 1.25%
    Economy7 months ago

    Gains on blue chip companies lift NGX index 1.25%

    Transactions on the Nigerian Exchange Ltd., (NGX) on Wednesday maintained a positive posture with the market indices increasing by 1.25 per cent due to gains recorded by some blue chip companies.

    The News Agency of Nigeria (NAN) reports that the market capitalisation upgraded by N320 billion to close at N25.95 trillion in contrast with N25.63 trillion achieved on Tuesday.

    Similarly, the All-Share Index (ASI) which opened at 47,545.86 points  closed at 48,138.71, representing 1.25 per cent.

    Market analysts at Vetiva Research said, “Market witnessed an unexpected positive close in some counters that have been trading flat in recent sessions, while sustaining its profit taking activities in the banking space.

    “We anticipate a further mixed activity tomorrow as investors continue to cherry pick attractive counters across board.”

    NAN reports that Eterna Oil recorded the highest price gain in percentage terms, to lead the gainers’ chart, appreciating by 10 per cent to close at 50k per share.

    Japaul Gold also had a gain of 10 per cent to close at 3k and Guinness rose by 9.96 per cent to close at N7.45 per share.

    Meyer was up 9.66 per cent to close at 17k, while WAPIC appreciated by 9.52 per cent to close at 4k per share.

    Conversely, UnionDicon topped the losers’ table, dropping by 9.6 per cent to close at 95kper share.

    CWG followed with a loss of 9.28 per cent to close at 9k and JohnHolt depreciated by 8.97 per cent to close at 7k per share.

    Regal Insurance went down by 8.57 per cent to close at 3k while Sunu Assurance shed by 8.33 per cent to close at 3k per share.

    NAN also reports that analysis of the activity chart indicated that Universal Insurance emerged the most active in volume terms, having accounted for 73.05 million shares worth N14.61 million.

    It was followed by Zenith Bank with an exchange of 33.65 million shares valued at N571.51 million and Fidelity Bank sold 20.73 million shares worth N79.96 million.

    United Bank for Africa (UBA) exchanged 20.06 million shares valued at N160.5 million, while Mutual Benefits Assurance sold 16.37 million shares worth N3.95 million.

    In all, investors staked N3.699 billion on 349.56 million shares transacted in 4,587 deals against 365.45 million shares worth N7.11 billion achieved in 5, 790 deals on Tuesday.

     

    Source Credit: NAN

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