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  •  The Nigerian Exchange Ltd NGX was upbeat on Monday as market capitalisation increased by N87 billion or 0 33 per cent to close at N26 532 trillion from N26 445 trillion recorded on Friday Also the All Share Index ASI increased by 162 70 basis points representing a rise of 0 33 per cent to close at 49 189 32 from 49 026 62 posted on Friday Renewed investors interest in BUA Cement Guaranty Trust Holding Company GTCO and Zenith Bank were the primary drivers of the overall strong performance of the market Consequently the year to date YTD return rose to 15 22 per cent The market breath closed negative as as 12 stocks advanced and 17 stocks declined Multiverse Mining amp Exploration led the gainers table during the day gaining by 10 per cent to close at N3 10 per share FCMB followed with a gain of 8 02 per cent to close at N3 50 while Union Bank of Nigeria UBN inched up by 7 83 per cent to close at N6 20 per share Japaul Gold amp Ventures grew by 7 41 per cent to close at 29k per share NGX Group appreciated by 5 88 per cent to close at N18 per share On the other hand Academy Press topped the losers chart depreciating by 10 per cent to close at N1 53 per share NEM Insurance trailed with a loss of 8 91 per cent to close at N4 91 while Neimeth declined by 8 33 per cent to close at N1 43 per share Champion Breweries was down by 7 86 per cent to close at N3 40 while Chams lost by 7 41 per cent to close at 25k per share Transactions in the shares of Courteville Business Solutions topped the activity chart with 24 36 million shares valued at N10 96 million FCMB followed with 20 million shares worth N69 43 million while Zenith Bank traded 8 87 million shares valued at N177 14 million Transcorp traded 5 92 million shares valued at N6 15 million while United Bank for Africa UBA transacted 5 88 million shares worth N42 64 million NewsSourceCredit NAN
    Stock market rebounds by N87bn, index up 0.33%
     The Nigerian Exchange Ltd NGX was upbeat on Monday as market capitalisation increased by N87 billion or 0 33 per cent to close at N26 532 trillion from N26 445 trillion recorded on Friday Also the All Share Index ASI increased by 162 70 basis points representing a rise of 0 33 per cent to close at 49 189 32 from 49 026 62 posted on Friday Renewed investors interest in BUA Cement Guaranty Trust Holding Company GTCO and Zenith Bank were the primary drivers of the overall strong performance of the market Consequently the year to date YTD return rose to 15 22 per cent The market breath closed negative as as 12 stocks advanced and 17 stocks declined Multiverse Mining amp Exploration led the gainers table during the day gaining by 10 per cent to close at N3 10 per share FCMB followed with a gain of 8 02 per cent to close at N3 50 while Union Bank of Nigeria UBN inched up by 7 83 per cent to close at N6 20 per share Japaul Gold amp Ventures grew by 7 41 per cent to close at 29k per share NGX Group appreciated by 5 88 per cent to close at N18 per share On the other hand Academy Press topped the losers chart depreciating by 10 per cent to close at N1 53 per share NEM Insurance trailed with a loss of 8 91 per cent to close at N4 91 while Neimeth declined by 8 33 per cent to close at N1 43 per share Champion Breweries was down by 7 86 per cent to close at N3 40 while Chams lost by 7 41 per cent to close at 25k per share Transactions in the shares of Courteville Business Solutions topped the activity chart with 24 36 million shares valued at N10 96 million FCMB followed with 20 million shares worth N69 43 million while Zenith Bank traded 8 87 million shares valued at N177 14 million Transcorp traded 5 92 million shares valued at N6 15 million while United Bank for Africa UBA transacted 5 88 million shares worth N42 64 million NewsSourceCredit NAN
    Stock market rebounds by N87bn, index up 0.33%
    Economy1 week ago

    Stock market rebounds by N87bn, index up 0.33%

    The Nigerian Exchange Ltd. (NGX) was upbeat on Monday as market capitalisation increased by N87 billion or 0.33 per cent to close at N26.532 trillion from N26.445 trillion recorded on Friday.

    Also, the All-Share Index (ASI) increased by 162.70 basis points, representing a rise of 0.33 per cent to close at 49,189.32 from 49, 026.62 posted on Friday.

    Renewed investors’ interest in BUA Cement, Guaranty Trust Holding Company (GTCO) and Zenith Bank were the primary drivers of the overall strong performance of the market.

    Consequently, the year-to-date (YTD) return rose to 15.22 per cent.

    The market breath closed negative as as 12 stocks advanced and 17 stocks declined.

    Multiverse Mining & Exploration led the gainers’ table during the day, gaining by 10 per cent to close at N3.10 per share.

    FCMB followed with a gain of 8.02 per cent to close at N3.50, while Union Bank of Nigeria (UBN) inched up by 7.83 per cent to close at N6.20 per share.

    Japaul Gold &Ventures grew by 7.41 per cent to close at 29k per share.

    NGX Group appreciated by 5.88 per cent to close at N18 per share.

    On the other hand, Academy Press topped the losers’ chart, depreciating by 10 per cent to close at N1.53 per share.

    NEM Insurance trailed with a loss of 8.91 per cent to close at N4.91, while Neimeth declined by 8.33 per cent to close at N1.43 per share.

    Champion Breweries was down by 7.86 per cent to close at N3.40, while Chams lost by 7.41 per cent to close at 25k per share.

    Transactions in the shares of Courteville Business Solutions topped the activity chart with 24.36 million shares valued at N10.96 million.

    FCMB followed with 20 million shares worth N69.43 million, while Zenith Bank traded 8.87 million shares valued at N177.14 million.

    Transcorp traded 5.92 million shares valued at N6.15 million, while United Bank for Africa(UBA) transacted 5.88 million shares worth N42.64 million.


    NewsSourceCredit: NAN

  •  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

  •  Trading on the nation s bourse again ended negative on Wednesday as market capitalisation lost N13 billion or 0 05 per cent to close at N26 657 trillion against N26 670 trillion on Tuesday Also the All Share Index lost 23 40 points or 0 05 per cent to close at 49 421 91 from 49 445 31 recorded on Tuesday Accordingly month to date gain moderated to 15 7 per cent while year to date loss increased to 19 56 per cent The loss was driven by price depreciation in FBN Holdings Access Holdings and WAPCO Market sentiment closed positive with 10 gainers relative to 12 losers Unity Bank led the losers chart in percentage terms by 10 per cent to close at 44k per share Murtiverse followed with 9 82 per cent to close at N3 13 while Fidelity Bank shed 5 46 per cent to close at N3 67 per share Honeywell Flour Mills lost 3 98 per cent to close at N2 35 while Chams shed 3 45 per cent to close at 30k per share Conversely Academy Press dominated the gainers chart in percentage terms with 9 78 per cent to close at N1 66 per share NEM Insurance followed with 6 08 per cent to close at N5 25 while Cadbury rose by 5 45 per cent to close at N13 per share Jaiz Bank garnered 4 76 per cent to close at 80k while NGX Group appreciated by 4 38 per cent to close at N18 55 per share However the total volume of trades decreased by 75 35 per cent to 51 88 million units valued at N590 01 million exchanged in 2 981 deals This was in contrast with a total of 147 59 million shares worth N2 39 billion traded in 3 386 deals on Tuesday Transactions in the shares of Zenith Bank topped the activity chart with 6 3 million shares valued at N125 54 million GTCO followed with 4 99 million shares worth N94 92 million while Sterling Bank traded 4 86 million shares valued at N7 29 million Fidelity Bank traded 3 85 million shares valued at N13 62 million while Transcorp transacted 2 95 million shares worth N3 1 million NewsSourceCredit NAN
    Stock market loses N13bn in bearish trading
     Trading on the nation s bourse again ended negative on Wednesday as market capitalisation lost N13 billion or 0 05 per cent to close at N26 657 trillion against N26 670 trillion on Tuesday Also the All Share Index lost 23 40 points or 0 05 per cent to close at 49 421 91 from 49 445 31 recorded on Tuesday Accordingly month to date gain moderated to 15 7 per cent while year to date loss increased to 19 56 per cent The loss was driven by price depreciation in FBN Holdings Access Holdings and WAPCO Market sentiment closed positive with 10 gainers relative to 12 losers Unity Bank led the losers chart in percentage terms by 10 per cent to close at 44k per share Murtiverse followed with 9 82 per cent to close at N3 13 while Fidelity Bank shed 5 46 per cent to close at N3 67 per share Honeywell Flour Mills lost 3 98 per cent to close at N2 35 while Chams shed 3 45 per cent to close at 30k per share Conversely Academy Press dominated the gainers chart in percentage terms with 9 78 per cent to close at N1 66 per share NEM Insurance followed with 6 08 per cent to close at N5 25 while Cadbury rose by 5 45 per cent to close at N13 per share Jaiz Bank garnered 4 76 per cent to close at 80k while NGX Group appreciated by 4 38 per cent to close at N18 55 per share However the total volume of trades decreased by 75 35 per cent to 51 88 million units valued at N590 01 million exchanged in 2 981 deals This was in contrast with a total of 147 59 million shares worth N2 39 billion traded in 3 386 deals on Tuesday Transactions in the shares of Zenith Bank topped the activity chart with 6 3 million shares valued at N125 54 million GTCO followed with 4 99 million shares worth N94 92 million while Sterling Bank traded 4 86 million shares valued at N7 29 million Fidelity Bank traded 3 85 million shares valued at N13 62 million while Transcorp transacted 2 95 million shares worth N3 1 million NewsSourceCredit NAN
    Stock market loses N13bn in bearish trading
    Economy2 weeks ago

    Stock market loses N13bn in bearish trading

    Trading on the nation’s bourse again ended negative on Wednesday as market capitalisation lost N13 billion or 0.05 per cent to close at N26.657 trillion against N26.670 trillion on Tuesday.

    Also, the All-Share Index lost 23.40 points or 0.05 per cent to close at 49,421.91 from 49,445.31 recorded on Tuesday.

    Accordingly, month-to-date gain moderated to 15.7 per cent, while year-to-date loss increased to 19.56 per cent.

    The loss was driven by price depreciation in FBN Holdings, Access Holdings and WAPCO.

    Market sentiment closed positive with 10 gainers relative to 12 losers.

    Unity Bank led the losers’ chart in percentage terms by 10 per cent to close at 44k per share.

    Murtiverse followed with 9.82 per cent to close at N3.13, while Fidelity Bank shed 5.46 per cent to close at N3.67 per share.

    Honeywell Flour Mills lost 3.98 per cent to close at N2.35 while Chams shed 3.45 per cent to close at 30k per share.

    Conversely, Academy Press dominated the gainers’ chart in percentage terms with 9.78 per cent to close at N1.66 per share.

    NEM Insurance followed with 6.08 per cent to close at N5.25, while Cadbury rose by 5.45 per cent to close at N13 per share.

    Jaiz Bank garnered 4.76 per cent to close at 80k, while NGX Group appreciated by 4.38 per cent to close at N18.55 per share.

    However, the total volume of trades decreased by 75.35 per cent to 51.88 million units valued at N590.01 million exchanged in 2,981 deals.

    This was in contrast with a total of 147.59 million shares worth N2.39 billion traded in 3,386 deals on Tuesday.

    Transactions in the shares of Zenith Bank topped the activity chart with 6.3 million shares valued at N125.54 million.

    GTCO followed with 4.99 million shares worth N94.92 million, while Sterling Bank traded 4.86 million shares valued at N7.29 million.

    Fidelity Bank traded 3.85;million shares valued at N13.62 million, while Transcorp transacted 2.95 million shares worth N3.1 million.


    NewsSourceCredit: NAN

  •  The Nigerian Exchange Ltd NGX declined further on Friday as market capitalisation depreciated by N35 billion or 0 13 per cent to close at N26 686 trillion from N26 721 trillion on Thursday Also the All Share Index ASI fell by 65 06 points or 0 13 per cent to 49 475 42 from 49 540 48 recorded at the previous trading The major drivers of the weak performance were Zenith Bank First Bank of Nigeria Holding Access Bank Holding and Stanbic Bank The market breath ended with nine stocks gaining while 13 were on the losers charts NEM Insurance led the gainers with 8 97 per cent to close at N5 59 per share Academy Press followed with an appreciation of 6 80 per cent to close N2 20 per share Japaul Gold and Ventures rose by 3 79 per cent to close at 28k while Cadbury International garnered three per cent to close at N13 75 per share Wema Bank gained by 1 76 per cent to close at N3 46 per share Conversely Regency Alliance Insurance led the loser s chat with a depreciation of 7 41 per cent to close at 25k per share Unity Bank followed dropping by 6 98 per cent to close at 40k per share while Access Bank Holding lost by 5 14 per cent to close at N8 30 per share Conerstone Insurance declined by 4 76 per cent to close at 60k while United Bank for Africa UBA shed 4 70 per cent to close at N7 10 per share Analysis of today s market activities showed trade turnover settled lower relative to the previous session with the value of transactions decreasing by 9 04 per cent A total of 107 49 million shares valued at N1 15 billion were exchanged in 3 303 deals FBNH Holding recorded the highest volume of 12 02 million traded shares valued at N120 67 million It was followed by Zenith Bank which sold 11 97 million shares worth N235 91 while Access Bank holding transacted 11 35 million shares valued at N92 28 Also UBA traded 9 07 million shares valued at N66 45 while Guaranty Trust Holding Company GTCO transacted 6 68 shares worth N131 55 million NewsSourceCredit NAN
    Stock market decreases further by 0.13%
     The Nigerian Exchange Ltd NGX declined further on Friday as market capitalisation depreciated by N35 billion or 0 13 per cent to close at N26 686 trillion from N26 721 trillion on Thursday Also the All Share Index ASI fell by 65 06 points or 0 13 per cent to 49 475 42 from 49 540 48 recorded at the previous trading The major drivers of the weak performance were Zenith Bank First Bank of Nigeria Holding Access Bank Holding and Stanbic Bank The market breath ended with nine stocks gaining while 13 were on the losers charts NEM Insurance led the gainers with 8 97 per cent to close at N5 59 per share Academy Press followed with an appreciation of 6 80 per cent to close N2 20 per share Japaul Gold and Ventures rose by 3 79 per cent to close at 28k while Cadbury International garnered three per cent to close at N13 75 per share Wema Bank gained by 1 76 per cent to close at N3 46 per share Conversely Regency Alliance Insurance led the loser s chat with a depreciation of 7 41 per cent to close at 25k per share Unity Bank followed dropping by 6 98 per cent to close at 40k per share while Access Bank Holding lost by 5 14 per cent to close at N8 30 per share Conerstone Insurance declined by 4 76 per cent to close at 60k while United Bank for Africa UBA shed 4 70 per cent to close at N7 10 per share Analysis of today s market activities showed trade turnover settled lower relative to the previous session with the value of transactions decreasing by 9 04 per cent A total of 107 49 million shares valued at N1 15 billion were exchanged in 3 303 deals FBNH Holding recorded the highest volume of 12 02 million traded shares valued at N120 67 million It was followed by Zenith Bank which sold 11 97 million shares worth N235 91 while Access Bank holding transacted 11 35 million shares valued at N92 28 Also UBA traded 9 07 million shares valued at N66 45 while Guaranty Trust Holding Company GTCO transacted 6 68 shares worth N131 55 million NewsSourceCredit NAN
    Stock market decreases further by 0.13%
    Economy3 weeks ago

    Stock market decreases further by 0.13%

    The Nigerian Exchange Ltd. (NGX) declined further on Friday as market capitalisation depreciated by N35 billion or 0.13 per cent, to close at N26.686 trillion from N26.721 trillion on Thursday.

    Also, the All-Share Index (ASI) fell by 65.06 points or 0.13 per cent to 49,475.42 from 49,540.48 recorded at the previous trading.

    The major drivers of the weak performance were Zenith Bank, First Bank of Nigeria Holding, Access Bank Holding and Stanbic Bank The market breath ended with nine stocks gaining, while 13 were on the losers’ charts.

    NEM Insurance led the gainers with 8.97 per cent to close at N5.59 per share.

    Academy Press followed with an appreciation of 6.80 per cent to close N2.20 per share.

    Japaul Gold and Ventures rose by 3.79 per cent to close at 28k, while Cadbury International garnered three per cent  to close at N13.75 per share.

    Wema Bank gained by 1.76 per cent to close at N3.46 per share.

    Conversely, Regency Alliance Insurance led the loser’s chat with a  depreciation of 7.41 per cent to close at 25k per share.

    Unity Bank followed dropping by 6.98 per cent to close at 40k per share, while Access Bank Holding lost by 5.14 per cent to close at N8.30 per share.

    Conerstone Insurance declined by 4.76 per cent to close at 60k, while United Bank for Africa (UBA) shed 4.70 per cent to close at N7.10 per share.

    Analysis of today’s market activities showed trade turnover settled lower relative to the previous session, with the value of transactions decreasing by 9.04 per cent.

    A total of 107.49 million shares valued at N1.15 billion were exchanged in 3,303 deals.

    FBNH Holding recorded the highest volume of 12.02 million traded shares valued at N120.67 million.

    It was followed by Zenith Bank, which sold 11.97 million shares worth N235.91, while Access Bank holding transacted 11.35 million shares valued at N92.28. Also, UBA traded 9.07 million shares valued at N66.45, while Guaranty Trust Holding Company (GTCO) transacted 6.68 shares worth  N131.55 million.


    NewsSourceCredit: NAN

  •  The Nigerian Exchange Ltd NGX started the week on a negative note as market capitalisation stood at N26 767 trillion representing a 0 14 per cent decrease from the N26 805 trillion recorded on Friday Also the All Share Index ASI shed 69 41 basis points or 0 14 per cent to close at 49 625 71 as against 49 695 12 the previous session Market breadth closed with 13 stocks that gained and lost respectively Multiverse Mining amp Exploration led the gainers table during the day gaining 9 32 per cent to close at N2 58 per share FTN Cocoa Processors followed with a gain of 6 67 per cent to close at 32k while Chams added 6 45 per cent to close at 33k per share Academy Press appreciated by 4 76 per cent to close at N2 20 and Regency Alliance Insurance rose by 2 04 per cent to close at 25k per share On the other hand Beta Glass Company topped the losers chart shedding 9 96 per cent to close at N46 10 per share Learn Africa trailed with a loss of 8 89 per cent to close at N2 05 while NEM Insurance declined by 7 96 per cent to close at N5 20 per share Japaul Gold and Tripple Gee amp Co were down by 6 9 per cent each to close at 27k and 81k respectively Overall the volume of shares traded stood at 86 59 million representing a 72 86 per cent decrease from 319 09 shares at the previous session Also the value of traded stocks dropped by 37 22 per cent to stand at N1 17 billion compared with N1 86 billion recorded in Friday Guaranty Trust Holding Company GTCO was the most active stock exchanging 19 47 million shares worth N385 59 million Sterling Bank followed with an account of 6 21 million shares valued at N9 35 million while Zenith Bank traded 5 92 million shares worth N118 68 million Fidelity Bank sold 5 38 million shares valued at N20 02 million while Chams exchanged 5 63 million shares worth N1 87 million NewsSourceCredit NAN
    NGX: Capitisation drops by N38bn
     The Nigerian Exchange Ltd NGX started the week on a negative note as market capitalisation stood at N26 767 trillion representing a 0 14 per cent decrease from the N26 805 trillion recorded on Friday Also the All Share Index ASI shed 69 41 basis points or 0 14 per cent to close at 49 625 71 as against 49 695 12 the previous session Market breadth closed with 13 stocks that gained and lost respectively Multiverse Mining amp Exploration led the gainers table during the day gaining 9 32 per cent to close at N2 58 per share FTN Cocoa Processors followed with a gain of 6 67 per cent to close at 32k while Chams added 6 45 per cent to close at 33k per share Academy Press appreciated by 4 76 per cent to close at N2 20 and Regency Alliance Insurance rose by 2 04 per cent to close at 25k per share On the other hand Beta Glass Company topped the losers chart shedding 9 96 per cent to close at N46 10 per share Learn Africa trailed with a loss of 8 89 per cent to close at N2 05 while NEM Insurance declined by 7 96 per cent to close at N5 20 per share Japaul Gold and Tripple Gee amp Co were down by 6 9 per cent each to close at 27k and 81k respectively Overall the volume of shares traded stood at 86 59 million representing a 72 86 per cent decrease from 319 09 shares at the previous session Also the value of traded stocks dropped by 37 22 per cent to stand at N1 17 billion compared with N1 86 billion recorded in Friday Guaranty Trust Holding Company GTCO was the most active stock exchanging 19 47 million shares worth N385 59 million Sterling Bank followed with an account of 6 21 million shares valued at N9 35 million while Zenith Bank traded 5 92 million shares worth N118 68 million Fidelity Bank sold 5 38 million shares valued at N20 02 million while Chams exchanged 5 63 million shares worth N1 87 million NewsSourceCredit NAN
    NGX: Capitisation drops by N38bn
    Economy3 weeks ago

    NGX: Capitisation drops by N38bn

    The Nigerian Exchange Ltd. (NGX) started the week on a negative note as market capitalisation stood at N26.767 trillion, representing a 0.14 per cent decrease from the N26.805 trillion recorded on Friday.

    Also, the All-Share-Index (ASI) shed 69.41 basis points or 0.14 per cent to close at 49,625.71 as against 49,695.12 the previous session.

    Market breadth closed with 13 stocks that gained and lost, respectively.

    Multiverse Mining & Exploration led the gainers’ table during the day, gaining 9.32 per cent to close at N2.58 per share.

    FTN Cocoa Processors followed with a gain of 6.67 per cent to close at 32k, while Chams added 6.45 per cent to close at 33k per share.

    Academy Press appreciated by 4.76 per cent to close at N2.20 and Regency Alliance Insurance rose by 2.04 per cent to close at 25k per share.

    On the other hand, Beta Glass Company topped the losers’ chart, shedding 9.96 per cent to close at N46.10 per share.

    Learn Africa trailed with a loss of 8.89 per cent to close at N2.05, while NEM Insurance declined by 7.96 per cent to close at N5.20 per share.

    Japaul Gold and Tripple Gee & Co were down by 6.9 per cent each to close at 27k and 81k, respectively.

    Overall the volume of shares traded stood at 86.59 million, representing a 72.86 per cent decrease from 319.09 shares at the previous session.

    Also, the value of traded stocks dropped by 37.22 per cent to stand at N1.17 billion compared with N1.86 billion recorded in Friday.

    Guaranty Trust Holding Company (GTCO) was the most active stock, exchanging 19.47 million shares worth N385.59 million.

    Sterling Bank followed with an account of 6.21 million shares valued at N9.35 million, while Zenith Bank traded 5.92 million shares worth N118.68 million.

    Fidelity Bank sold 5.38 million shares valued at N20.02 million, while Chams exchanged 5.63 million shares worth N1.87 million.


    NewsSourceCredit: NAN

  •  Trading on the Nigerian Exchange Ltd NGX remained upbeat on Friday for the second consecutive day Specifically market capitalisation gained N23 billion to close N26 805 trillion from N26 782 trillion recorded on Thursday Similarly the All Share Index increased by 42 87 points or 0 09 per cent to close at 49 695 12 compared with 49 652 25 achieved on Thursday As a result the Year to Date gain increased to 16 34 per cent The market breadth was negative as 10 stocks advanced and 16 declined On the performance level NEM Insurance led the gainers with 7 62 per cent share price appreciation closing at N5 65 per share Chams followed by 6 9 per cent to close at 31k per share First City Monument Bank FCMB rose by 6 06 per cent to close at N3 50 per share while United Bank for Africa UBA grew by 3 42 per cent to close at N7 55 per share Also Flour Mills increased by 3 41 per cent to close at N30 30 per share On the other hand Honeywell Flour Mills led the losers chart by 10 per cent to close at N2 25 per share LearnAfrica came next dropping by 8 91 per cent to close at N2 25 per share Linkage Assurance fell by 7 69 per cent to close at 48k per share while WAPIC went down by 7 32 per cent to close at 38k per share Jaiz Bank depreciated by 4 49 per cent to close at 85k per share Sterling Bank was the most active stock traded with the highest volume of 173 84 million shares worth N252 13 million It was followed by UBA which transacted 54 07 million shares valued at N400 61 million Zenith Bank sold 14 02 million units of shares at N281 44 and Chams transacted 13 97 million shares worth N4 09 million Transcorp traded 6 39 million shares valued at N6 82 million NewsSourceCredit NAN
    NGX: Trading remains upbeat, indices up by 0.09%
     Trading on the Nigerian Exchange Ltd NGX remained upbeat on Friday for the second consecutive day Specifically market capitalisation gained N23 billion to close N26 805 trillion from N26 782 trillion recorded on Thursday Similarly the All Share Index increased by 42 87 points or 0 09 per cent to close at 49 695 12 compared with 49 652 25 achieved on Thursday As a result the Year to Date gain increased to 16 34 per cent The market breadth was negative as 10 stocks advanced and 16 declined On the performance level NEM Insurance led the gainers with 7 62 per cent share price appreciation closing at N5 65 per share Chams followed by 6 9 per cent to close at 31k per share First City Monument Bank FCMB rose by 6 06 per cent to close at N3 50 per share while United Bank for Africa UBA grew by 3 42 per cent to close at N7 55 per share Also Flour Mills increased by 3 41 per cent to close at N30 30 per share On the other hand Honeywell Flour Mills led the losers chart by 10 per cent to close at N2 25 per share LearnAfrica came next dropping by 8 91 per cent to close at N2 25 per share Linkage Assurance fell by 7 69 per cent to close at 48k per share while WAPIC went down by 7 32 per cent to close at 38k per share Jaiz Bank depreciated by 4 49 per cent to close at 85k per share Sterling Bank was the most active stock traded with the highest volume of 173 84 million shares worth N252 13 million It was followed by UBA which transacted 54 07 million shares valued at N400 61 million Zenith Bank sold 14 02 million units of shares at N281 44 and Chams transacted 13 97 million shares worth N4 09 million Transcorp traded 6 39 million shares valued at N6 82 million NewsSourceCredit NAN
    NGX: Trading remains upbeat, indices up by 0.09%
    Economy4 weeks ago

    NGX: Trading remains upbeat, indices up by 0.09%

    Trading on the Nigerian Exchange Ltd. (NGX), remained upbeat on Friday for the second consecutive day.

    Specifically, market capitalisation gained N23 billion to close N26.805 trillion from N26.782 trillion recorded on Thursday.

    Similarly, the All Share Index increased by 42.87 points or 0.09 per cent, to close at 49,695.12 compared with 49,652.25 achieved on Thursday.

    As a result, the Year-to-Date gain increased to 16.34 per cent.

    The market breadth was negative as 10 stocks advanced and 16 declined.

    On the performance level, NEM Insurance led the gainers with 7.62 per cent share price appreciation closing at N5.65 per share.

    Chams followed by 6.9 per cent to close at 31k per share.

    First City Monument Bank (FCMB) rose by 6.06 per cent to close at N3.50 per share, while United Bank for Africa (UBA) grew by 3.42 per cent to close at N7.55 per share.

    Also, Flour Mills increased by 3.41 per cent to close at N30.30 per share.

    On the other hand, Honeywell Flour Mills led the losers’ chart by 10 per cent to close at N2.25 per share.

    LearnAfrica came next, dropping by 8.91 per cent to close at N2.25 per share.

    Linkage Assurance fell by 7.69 per cent to close at 48k per share, while WAPIC went down by 7.32 per cent to close at 38k per share.

    Jaiz Bank depreciated by 4.49 per cent to close at 85k per share.

    Sterling Bank was the most active stock, traded with the highest volume of 173.84 million shares worth N252.13 million.

    It was followed by UBA, which transacted 54.07 million shares valued at N400.61 million.

    Zenith Bank sold 14.02 million units of shares at N281.44 and Chams transacted 13.97 million shares worth N4.09 million.

    Transcorp traded 6.39 million shares valued at N6.82 million.


    NewsSourceCredit: NAN

  •  Investors buying interests in stocks of Nestle and First Bank of Nigeria Holdings FBNH sustained the positive posts at the Nigerian Exchange Ltd on Friday Similarly the market gained N11 billion or 0 04 per cent making the market capitalisation to close at N26 797 trillion from N26 786 trillion recorded on Thursday Also the All Share Index ASI rose by 20 28 points or 0 04 per cent to 49 683 15 from 49 661 87 it was at the previous trading Consequently the Year to Date YTD return rose to 16 31 per cent Transaction activities ended with 17 gainers and 11 losers Japaul Gold and Ventures led the gainers with 9 68 per cent to close at 34k per share Mutual Benefits Assurance followed with an appreciation of 7 14 per cent to close at 30k per share FCMB Group rose by 5 96 per cent to close at N3 20 while Unity Bank gained five per cent to close at 2k per share Academy Press gained by 4 39 per cent to close at N2 14 per share Conversely Ellah Lakes led the losers chart with a depreciation of 10 per cent to close at N3 60 per share Vitafoam Nigeria followed by dropping 9 78 per cent to close at N20 30 per share and NPF Microfinance Bank lost 9 09 per cent to close at N1 50 per share Chams declined by 7 41 per cent to close at 25k while Union Bank of Nigeria shed 6 67 per cent to close at N5 60 per share Analysis of today s market activities showed trade turnover settled higher compared to the previous session with the value of transactions up by 67 93 per cent A total of 193 51 million shares valued at N4 64 billion were exchanged in 3 307 deals compared to 226 47 million shares valued at N2 76 billion exchanged in 3 515 deals Jaiz Bank recorded the highest volume of 45 9 million shares traded shares valued at N39 05 million It was followed by FBN Holdings which sold 24 9 million shares worth N270 98 million while Access Holdings transacted 18 9 million shares valued N154 95 million Also NEM Insurance Company traded 11 1 million share units valued at N51 45 million while Guaranty Trust Holding Company GTCO transacted 9 34 million shares worth 186 9 million NewsSourceCredit NAN
    Stock market increases further by 0.04%
     Investors buying interests in stocks of Nestle and First Bank of Nigeria Holdings FBNH sustained the positive posts at the Nigerian Exchange Ltd on Friday Similarly the market gained N11 billion or 0 04 per cent making the market capitalisation to close at N26 797 trillion from N26 786 trillion recorded on Thursday Also the All Share Index ASI rose by 20 28 points or 0 04 per cent to 49 683 15 from 49 661 87 it was at the previous trading Consequently the Year to Date YTD return rose to 16 31 per cent Transaction activities ended with 17 gainers and 11 losers Japaul Gold and Ventures led the gainers with 9 68 per cent to close at 34k per share Mutual Benefits Assurance followed with an appreciation of 7 14 per cent to close at 30k per share FCMB Group rose by 5 96 per cent to close at N3 20 while Unity Bank gained five per cent to close at 2k per share Academy Press gained by 4 39 per cent to close at N2 14 per share Conversely Ellah Lakes led the losers chart with a depreciation of 10 per cent to close at N3 60 per share Vitafoam Nigeria followed by dropping 9 78 per cent to close at N20 30 per share and NPF Microfinance Bank lost 9 09 per cent to close at N1 50 per share Chams declined by 7 41 per cent to close at 25k while Union Bank of Nigeria shed 6 67 per cent to close at N5 60 per share Analysis of today s market activities showed trade turnover settled higher compared to the previous session with the value of transactions up by 67 93 per cent A total of 193 51 million shares valued at N4 64 billion were exchanged in 3 307 deals compared to 226 47 million shares valued at N2 76 billion exchanged in 3 515 deals Jaiz Bank recorded the highest volume of 45 9 million shares traded shares valued at N39 05 million It was followed by FBN Holdings which sold 24 9 million shares worth N270 98 million while Access Holdings transacted 18 9 million shares valued N154 95 million Also NEM Insurance Company traded 11 1 million share units valued at N51 45 million while Guaranty Trust Holding Company GTCO transacted 9 34 million shares worth 186 9 million NewsSourceCredit NAN
    Stock market increases further by 0.04%
    General news1 month ago

    Stock market increases further by 0.04%

    Investors’ buying interests in stocks of Nestle and First Bank of Nigeria Holdings (FBNH) sustained the positive posts at the Nigerian Exchange Ltd. on Friday.

    Similarly, the market gained N11 billion or 0.04 per cent, making the market capitalisation to close at N26.797 trillion from N26.786 trillion recorded on Thursday.

    Also, the All-Share Index (ASI) rose by 20.28 points or 0.04 per cent to 49,683.15 from 49,661.87 it was at the previous trading.

    Consequently, the Year-to-Date (YTD) return rose to 16.31 per cent.

    Transaction activities ended with 17 gainers and 11 losers.

    Japaul Gold and Ventures led the gainers with 9.68 per cent to close at 34k per share.

    Mutual Benefits Assurance followed with an appreciation of 7.14 per cent to close at 30k per share.

    FCMB Group rose by 5.96 per cent to close at N3.20, while Unity Bank gained five per cent to close at 2k per share.

    Academy Press gained by 4.39 per cent to close at N2.14 per share.

    Conversely, Ellah Lakes led the losers’ chart with a depreciation of 10 per cent to close at N3.60 per share.

    Vitafoam Nigeria followed by dropping 9.78 per cent to close at N20.30 per share and NPF Microfinance Bank lost 9.09 per cent to close at N1.50 per share.

    Chams declined by 7.41 per cent to close at 25k, while Union Bank of Nigeria shed 6.67 per cent to close at N5.60 per share.

    Analysis of today’s market activities showed trade turnover settled higher compared to the previous session, with the value of transactions up by 67.93 per cent.

    A total of 193.51 million shares valued at N4.64 billion were exchanged in 3,307 deals compared to 226.47 million shares valued at N2.76 billion exchanged in 3,515 deals.

    Jaiz Bank recorded the highest volume of 45.9 million shares traded shares valued at N39.05 million.

    It was followed by FBN Holdings which sold 24.9 million shares worth N270.98 million, while Access Holdings transacted 18.9 million shares valued N154.95 million.

    Also, NEM Insurance Company traded 11.1 million share units valued at N51.45 million, while Guaranty Trust Holding Company (GTCO) transacted 9.34 million shares worth 186.9 million
    NewsSourceCredit: NAN

  •  Trading activities on the Nigerian Exchange Ltd NGX on Thursday remained bullish with the crucial indicators growing by 2 03 per cent The market capitalisation gained N532 billion to close at N26 786 trillion compared with N26 253 trillion on Wednesday Similarly the All Share Index which opened at 48 675 24 gained 986 63 points or 2 03 per cent to close at 49 661 87 A breakdown of the price movement table showed that Mutual Benefit Assurance topped the losers table with a loss of 9 68 per cent to close at 28k per share Honeywell Flour Mill trailed with a loss of 8 42 per cent to close at N2 72 while Flour Mills Nigeria dipped by 7 06 per cent to close at N27 per share Unity Bank was down by 7 06 per cent to close at 40k and First City Monument Bank FCMB declined by 3 51 per cent to close at N3 02 per share Conversely Computer Warehouse Group led the gainers table growing by 10 per cent to close at 99k per share Learn Africa followed with a gain of 9 78 per cent to close at N2 47 while Caverton Offshore Support Group reaped also 9 52 per cent to close at N1 15 per share Multiverse Mining amp Exploration increased by 9 52 per cent to close at N2 30 while Chams improved by eight per cent to close at 27k per share Mutual Benefits Assurance dominated the activity chart with an exchange of 74 5 million shares worth N22 84 million FBN Holdings followed with an account of 23 43 million shares valued at N251 88 million while Access Holdings traded 15 9 million shares worth N130 19 million United Bank for Africa sold 15 3 million shares valued at N107 07 million while NEM Insurance transacted 13 49 million shares worth N62 12 million In all investors bought and sold 226 47 million shares valued at N2 76 billion achieved in 3 515 deals NewsSourceCredit NAN
    NGX maintains bullish trend with 2.03% growth
     Trading activities on the Nigerian Exchange Ltd NGX on Thursday remained bullish with the crucial indicators growing by 2 03 per cent The market capitalisation gained N532 billion to close at N26 786 trillion compared with N26 253 trillion on Wednesday Similarly the All Share Index which opened at 48 675 24 gained 986 63 points or 2 03 per cent to close at 49 661 87 A breakdown of the price movement table showed that Mutual Benefit Assurance topped the losers table with a loss of 9 68 per cent to close at 28k per share Honeywell Flour Mill trailed with a loss of 8 42 per cent to close at N2 72 while Flour Mills Nigeria dipped by 7 06 per cent to close at N27 per share Unity Bank was down by 7 06 per cent to close at 40k and First City Monument Bank FCMB declined by 3 51 per cent to close at N3 02 per share Conversely Computer Warehouse Group led the gainers table growing by 10 per cent to close at 99k per share Learn Africa followed with a gain of 9 78 per cent to close at N2 47 while Caverton Offshore Support Group reaped also 9 52 per cent to close at N1 15 per share Multiverse Mining amp Exploration increased by 9 52 per cent to close at N2 30 while Chams improved by eight per cent to close at 27k per share Mutual Benefits Assurance dominated the activity chart with an exchange of 74 5 million shares worth N22 84 million FBN Holdings followed with an account of 23 43 million shares valued at N251 88 million while Access Holdings traded 15 9 million shares worth N130 19 million United Bank for Africa sold 15 3 million shares valued at N107 07 million while NEM Insurance transacted 13 49 million shares worth N62 12 million In all investors bought and sold 226 47 million shares valued at N2 76 billion achieved in 3 515 deals NewsSourceCredit NAN
    NGX maintains bullish trend with 2.03% growth
    Economy1 month ago

    NGX maintains bullish trend with 2.03% growth

    Trading activities on the Nigerian Exchange Ltd. (NGX) on Thursday remained bullish with the crucial indicators growing by 2.03 per cent.

    The market capitalisation gained N532 billion to close at N26.786 trillion, compared with N26.253 trillion on Wednesday.

    Similarly, the All-Share Index, which opened at 48,675.24, gained 986.63 points or 2.03 per cent to close at 49,661.87. A breakdown of the price movement table showed that Mutual Benefit Assurance topped the losers’ table with a loss of 9.68 per cent to close at 28k per share.

    Honeywell Flour Mill trailed with a loss of 8.42 per cent to close at N2.72, while Flour Mills Nigeria dipped  by 7.06 per cent to close at N27 per share.

    Unity Bank was down by 7.06 per cent to close at 40k and First City Monument Bank (FCMB) declined by 3.51 per cent to close at N3.02 per share.

    Conversely, Computer Warehouse Group led the gainers’ table, growing by 10 per cent to close at 99k per share.

    Learn Africa followed with a gain of 9.78 per cent to close at N2.47, while Caverton Offshore Support Group  reaped also 9.52 per cent to close at N1.15 per share.

    Multiverse Mining & Exploration increased by 9.52 per cent to close at N2.30, while Chams improved by eight per cent to close at 27k per share.

    Mutual Benefits Assurance dominated the activity chart with an exchange of 74.5 million shares worth N22.84 million.

    FBN Holdings followed with an account of 23.43 million shares valued at N251.88 million, while Access Holdings traded 15.9 million shares worth N130.19 million.

    United Bank for Africa sold 15.3 million shares valued at N107.07 million, while NEM Insurance transacted 13.49 million shares worth N62.12 million.

    In all, investors bought and sold 226.47 million shares valued at N2.76 billion achieved in 3,515 deals.


    NewsSourceCredit: NAN

  •  Trading activities on the Nigerian Exchange Ltd NGX closed on a positive note on Wednesday with indices growing by 0 22 per cent following gains by BUA Cement Nestle and Stanbic Bank Specifically the market capitalisation gained N65 billion or 0 25 per cent to close at N26 253 trillion against N26 188 trillion recorded on Tuesday Also the All Share Index rose by 120 48 points or 0 25 per cent to close at 48 675 24 compared with 48 554 76 posted on Tuesday Market breadth closed positive with 14 stocks gained and 11 stocks declined NEM Insurance led the gainers table during the day with 44k to close at N4 84 per share Stanbic IBTC Holdings followed with a gain of N2 50 to close at N30 50 while Ecobank Transnational added 80k to close at N10 80 per share Cutix appreciated by 14k to close at N2 04 and Mutual Benefits Assurance rose by 2k to close at 31k per share On the other hand Fidson Healthcare topped the losers chart shedding 99k to close at N9 11 per share FTN Cocoa Processors trailed with a loss of 3k to close at 30k while Northern Nigeria Flour Mills declined by 1k to close at N7 50 per share Unity Bank was down by 7k to close at 42k while First City Monument Bank FCMB lost 1k to close at N313 per share Investors traded a total of 167 57 million shares valued at N3 37 billion in 2 269 deals representing 19 60 per cent increase in volume This was against the 154 290 million shares worth N2 70 billion exchanged in 3 751 deals the previous day Access Holdings was the most active stock exchanging 27 9 million shares worth N231 14 million United Bank for Africa UBA followed with an account of 22 9 million shares valued at N160 91 million while FBN Holdings traded 22 5 million shares worth N241 98 million Guaranty Trust Holding Company GTCO sold 16 1 million shares valued at N323 99 million while Zenith Bank exchanged 11 86 million shares worth N261 11 million NewsSourceCredit NAN
    Stock market rebounds, indices record 0.25% growth
     Trading activities on the Nigerian Exchange Ltd NGX closed on a positive note on Wednesday with indices growing by 0 22 per cent following gains by BUA Cement Nestle and Stanbic Bank Specifically the market capitalisation gained N65 billion or 0 25 per cent to close at N26 253 trillion against N26 188 trillion recorded on Tuesday Also the All Share Index rose by 120 48 points or 0 25 per cent to close at 48 675 24 compared with 48 554 76 posted on Tuesday Market breadth closed positive with 14 stocks gained and 11 stocks declined NEM Insurance led the gainers table during the day with 44k to close at N4 84 per share Stanbic IBTC Holdings followed with a gain of N2 50 to close at N30 50 while Ecobank Transnational added 80k to close at N10 80 per share Cutix appreciated by 14k to close at N2 04 and Mutual Benefits Assurance rose by 2k to close at 31k per share On the other hand Fidson Healthcare topped the losers chart shedding 99k to close at N9 11 per share FTN Cocoa Processors trailed with a loss of 3k to close at 30k while Northern Nigeria Flour Mills declined by 1k to close at N7 50 per share Unity Bank was down by 7k to close at 42k while First City Monument Bank FCMB lost 1k to close at N313 per share Investors traded a total of 167 57 million shares valued at N3 37 billion in 2 269 deals representing 19 60 per cent increase in volume This was against the 154 290 million shares worth N2 70 billion exchanged in 3 751 deals the previous day Access Holdings was the most active stock exchanging 27 9 million shares worth N231 14 million United Bank for Africa UBA followed with an account of 22 9 million shares valued at N160 91 million while FBN Holdings traded 22 5 million shares worth N241 98 million Guaranty Trust Holding Company GTCO sold 16 1 million shares valued at N323 99 million while Zenith Bank exchanged 11 86 million shares worth N261 11 million NewsSourceCredit NAN
    Stock market rebounds, indices record 0.25% growth
    Economy1 month ago

    Stock market rebounds, indices record 0.25% growth

    Trading activities on the Nigerian Exchange Ltd., (NGX) closed on a positive note on Wednesday, with indices growing by 0.22 per cent following gains by BUA Cement, Nestle  and Stanbic Bank Specifically, the market capitalisation gained N65 billion or 0.25 per cent to close at N26.253 trillion against N26.188 trillion recorded on Tuesday.

    Also, the All-Share Index rose by 120.48 points or 0.25 per cent to close at 48,675.24 compared with 48,554.76 posted on Tuesday.

    Market breadth closed positive with 14 stocks gained and 11 stocks declined.

    NEM Insurance led the gainers’ table during the day with 44k to close at N4.84 per share.

    Stanbic IBTC Holdings followed with a gain of N2.50 to close at N30.50, while Ecobank Transnational added 80k to close at N10.80 per share.

    Cutix appreciated by 14k to close at N2.04 and Mutual Benefits Assurance rose by 2k to close at 31k per share.

    On the other hand, Fidson Healthcare topped the losers’ chart, shedding 99k to close at N9.11 per share.

    FTN Cocoa Processors trailed with a loss of 3k to close at 30k, while Northern Nigeria Flour Mills declined by 1k to close at N7.50 per share.

    Unity Bank was down by 7k to close at 42k, while First City Monument Bank(FCMB) lost 1k to close at N313 per share.

    Investors traded a total of 167.57 million shares valued at N3.37 billion in 2,269 deals representing 19.60 per cent increase in volume.

    This was against the 154.290 million shares worth N2.70 billion exchanged in 3,751 deals the previous day.

    Access Holdings was the most active stock, exchanging 27.9 million shares worth N231.14 million.

    United Bank for Africa (UBA) followed with an account of 22.9 million shares valued at N160.91 million, while FBN Holdings traded 22.5 million shares worth N241.98 million.

    Guaranty Trust Holding Company (GTCO) sold 16.1 million shares valued at N323.99 million, while Zenith Bank exchanged 11.86 million shares worth N261.11 million.


    NewsSourceCredit: NAN

  •  The equity market closed on a negative note on Friday due to sell pressure on some highly capitalised stocks The market capitalisation recorded represented a decline of 0 7 per cent closing at N26 787 trillion compared to N26 976 trillion posted on Thursday Specifically the sell pressure was on stocks of BUA Cement Dangote Cement Zenith Bank Flour Mill Guaranty Trust Holding Company GTCO and Access Bank Holdings amongst others Accordingly the All Share Index declined by 350 53 points representing a decrease of 0 7 per cent to close at 49 664 07 from 50 014 6 posted the previous day Market breath was negative with 19 gainers and 24 losers BUA Foods led the gainers with 10 per cent share price appreciation closing at N59 95 per share NEM Insurance Company gained 9 98 per cent to close at N4 41 per share while Courteville Business Solutions rose by 9 8 per cent to close at 56k Also Ikeja Hotel appreciated by 9 48 per cent to close at N1 27 and Multiverse Mining and Exploration went up by 8 44 per cent to close at N2 44 per share On the losing side BUA Cement came depreciated by 9 95 per cent to close at N52 95 per share Chams as the next fell by 9 68 per cent to close at 28k per share while Cutix declined by 8 89 per cent to close at N2 05 per share Ellah Lakes was down by 6 98 per cent to close at N4 per share and Unity Bank depreciated by 6 52 per cent to close at 43k per share The total volume traded increased to 750 29 million units valued at N2 26 billion exchanged in 4 076 deals This was against a total of 266 12 million shares worth N2 26 billion achieved in 4 034 deals on Thursday Capital Hotel traded the highest share volume of 478 20 million shares worth N3 35 billion E Tranzact followed trading 77 57 million shares valued at N176 86 million Wapic Insurance sold 37 08 million shares worth N14 94 million while First Bank Nigeria Holdings Holdings FBNH sold 30 53 million shares at N333 24 million United Bank for Africa UBA traded 13 2 million shares valued at N92 68 million Analysts at Vetiva Securities Ltd said that Market closed the week down as declines in large cap names dragged the All Share index down We expect the market to pick up from Friday s close amid slight recoveries by some of the week s losers the analysts said NewsSourceCredit NAN
    Equity market closes bearish, drops 0.7%
     The equity market closed on a negative note on Friday due to sell pressure on some highly capitalised stocks The market capitalisation recorded represented a decline of 0 7 per cent closing at N26 787 trillion compared to N26 976 trillion posted on Thursday Specifically the sell pressure was on stocks of BUA Cement Dangote Cement Zenith Bank Flour Mill Guaranty Trust Holding Company GTCO and Access Bank Holdings amongst others Accordingly the All Share Index declined by 350 53 points representing a decrease of 0 7 per cent to close at 49 664 07 from 50 014 6 posted the previous day Market breath was negative with 19 gainers and 24 losers BUA Foods led the gainers with 10 per cent share price appreciation closing at N59 95 per share NEM Insurance Company gained 9 98 per cent to close at N4 41 per share while Courteville Business Solutions rose by 9 8 per cent to close at 56k Also Ikeja Hotel appreciated by 9 48 per cent to close at N1 27 and Multiverse Mining and Exploration went up by 8 44 per cent to close at N2 44 per share On the losing side BUA Cement came depreciated by 9 95 per cent to close at N52 95 per share Chams as the next fell by 9 68 per cent to close at 28k per share while Cutix declined by 8 89 per cent to close at N2 05 per share Ellah Lakes was down by 6 98 per cent to close at N4 per share and Unity Bank depreciated by 6 52 per cent to close at 43k per share The total volume traded increased to 750 29 million units valued at N2 26 billion exchanged in 4 076 deals This was against a total of 266 12 million shares worth N2 26 billion achieved in 4 034 deals on Thursday Capital Hotel traded the highest share volume of 478 20 million shares worth N3 35 billion E Tranzact followed trading 77 57 million shares valued at N176 86 million Wapic Insurance sold 37 08 million shares worth N14 94 million while First Bank Nigeria Holdings Holdings FBNH sold 30 53 million shares at N333 24 million United Bank for Africa UBA traded 13 2 million shares valued at N92 68 million Analysts at Vetiva Securities Ltd said that Market closed the week down as declines in large cap names dragged the All Share index down We expect the market to pick up from Friday s close amid slight recoveries by some of the week s losers the analysts said NewsSourceCredit NAN
    Equity market closes bearish, drops 0.7%
    Economy2 months ago

    Equity market closes bearish, drops 0.7%

    The equity market closed on a negative note on Friday due to sell pressure on some highly capitalised stocks.

    The market capitalisation recorded represented a decline of 0.7 per cent closing at N26.787 trillion, compared to N26.976 trillion posted on Thursday.

    Specifically, the sell pressure was on stocks of BUA Cement, Dangote Cement, Zenith Bank, Flour Mill, Guaranty Trust Holding Company (GTCO) and Access Bank Holdings, amongst others.

    Accordingly, the All-Share Index declined by 350.53 points, representing a decrease of 0.7 per cent to close at 49,664.07 from 50,014.6 posted the previous day.

    Market breath was negative with 19 gainers and 24 losers.

    BUA Foods led the gainers with 10 per cent share price appreciation closing at N59.95 per share.

    NEM Insurance Company gained 9.98 per cent to close at N4.41 per share, while Courteville Business Solutions rose by 9.8 per cent to close at 56k.

    Also,  Ikeja Hotel appreciated by 9.48 per cent to close at N1.27 and Multiverse Mining and Exploration went up by 8.44 per cent to close at N2.44 per share.

    On the losing side, BUA Cement came depreciated by 9.95 per cent to close at N52.95 per share.

    Chams as the next fell by 9.68 per cent to close at 28k per share, while Cutix declined by 8.89 per cent to close at N2.05 per share.

    Ellah Lakes was down by 6.98 per cent to close at N4 per share and Unity Bank depreciated by 6.52 per cent to close at 43k per share.

    The total volume traded increased to 750.29 million units valued at N2.26 billion exchanged in 4,076 deals.

    This was against a total of 266.12 million shares worth N2.26 billion achieved in 4,034 deals on Thursday.

    Capital Hotel traded the highest share volume of 478.20 million shares worth N3.35 billion.

    E-Tranzact followed, trading 77.57 million shares valued at N176.86 million.

    Wapic Insurance sold 37.08 million shares worth N14.94 million, while First Bank Nigeria Holdings Holdings (FBNH) sold 30.53 million shares at N333.24 million.

    United Bank for Africa (UBA) traded 13.2 million shares valued at N92.68 million Analysts at Vetiva Securities Ltd. said that “Market closed the week down as declines in large cap names dragged the All-Share index down.

    “We expect the market to pick up from Friday’s close amid slight recoveries by some of the week’s losers,” the analysts said.


    NewsSourceCredit: NAN