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  •   By Chinyere Joel Nwokeoma On Wednesday the main market indicators fell another 0 57 on the national stock exchange due to the increase in profit taking in the banking and industrial sectors The slowdown was supported by the readjustment of the investor portfolio ahead of the first quarter results Specifically the All Share index fell 221 98 points or 0 57 percent to close at 39 045 13 from 39 267 11 reported on Tuesday In addition market capitalization fell by 116 billion naira closing at 20 428 billion naira from 20 544 billion naira The market loss is due to the depreciation in prices of large and mid cap stocks including MTN Nigeria Communications MTNN Stanbic IBTC Holdings Glaxo Smithkline Consumer Access Bank and Guaranty Trust Bank Market sentiment remained negative with 24 stocks versus 18 gainers Daar Communications led the losers chart in terms of percentage losing 8 70 percent to close at 21k per share Wema Bank followed with a decline of 8 06 percent to close at 57k while University Press lost 7 76 percent to close at 1 07 naira per share UACN Property Development Company lost 7 23 percent to close at 77k while Japaul Gold and Ventures lost 6 82 percent to close at 41k per share Conversely Linkage Assurance led the chart of winners in percentage terms with 10 percent to close at 66k per share Meyer and Prestige Assurance followed with a gain of 9 76 percent each to close at 45k each per share each NEM Insurance rose 9 52 percent to close at N 2 30 while Guinness Nigeria appreciated 7 28 to close at N 33 90 per share However the total volume of shares traded increased by 3 3 percent with a total of 347 17 million shares valued at 2 80 billion naira traded in 3 990 transactions This contrasts with 336 13 million shares worth 3 27 billion naira traded in 4 394 transactions on Tuesday Wema Bank shares traded topped the activity chart with 94 05 million shares valued at 53 37 billion naira Union Bank of Nigeria followed with 78 91 million shares valued at N 418 22 million while Zenith Bank traded 22 14 million shares valued at N 500 20 million FBN Holdings traded 11 98 million shares worth 87 14 million Naira while Guaranty Trust Bank traded 10 72 million shares worth 352 67 million Naira NOPE NAN
    NSE key indices drop further 0.57%
      By Chinyere Joel Nwokeoma On Wednesday the main market indicators fell another 0 57 on the national stock exchange due to the increase in profit taking in the banking and industrial sectors The slowdown was supported by the readjustment of the investor portfolio ahead of the first quarter results Specifically the All Share index fell 221 98 points or 0 57 percent to close at 39 045 13 from 39 267 11 reported on Tuesday In addition market capitalization fell by 116 billion naira closing at 20 428 billion naira from 20 544 billion naira The market loss is due to the depreciation in prices of large and mid cap stocks including MTN Nigeria Communications MTNN Stanbic IBTC Holdings Glaxo Smithkline Consumer Access Bank and Guaranty Trust Bank Market sentiment remained negative with 24 stocks versus 18 gainers Daar Communications led the losers chart in terms of percentage losing 8 70 percent to close at 21k per share Wema Bank followed with a decline of 8 06 percent to close at 57k while University Press lost 7 76 percent to close at 1 07 naira per share UACN Property Development Company lost 7 23 percent to close at 77k while Japaul Gold and Ventures lost 6 82 percent to close at 41k per share Conversely Linkage Assurance led the chart of winners in percentage terms with 10 percent to close at 66k per share Meyer and Prestige Assurance followed with a gain of 9 76 percent each to close at 45k each per share each NEM Insurance rose 9 52 percent to close at N 2 30 while Guinness Nigeria appreciated 7 28 to close at N 33 90 per share However the total volume of shares traded increased by 3 3 percent with a total of 347 17 million shares valued at 2 80 billion naira traded in 3 990 transactions This contrasts with 336 13 million shares worth 3 27 billion naira traded in 4 394 transactions on Tuesday Wema Bank shares traded topped the activity chart with 94 05 million shares valued at 53 37 billion naira Union Bank of Nigeria followed with 78 91 million shares valued at N 418 22 million while Zenith Bank traded 22 14 million shares valued at N 500 20 million FBN Holdings traded 11 98 million shares worth 87 14 million Naira while Guaranty Trust Bank traded 10 72 million shares worth 352 67 million Naira NOPE NAN
    NSE key indices drop further 0.57%
    General news2 years ago

    NSE key indices drop further 0.57%

    By Chinyere Joel-Nwokeoma

    On Wednesday, the main market indicators fell another 0.57% on the national stock exchange, due to the increase in profit taking in the banking and industrial sectors.

    The slowdown was supported by the readjustment of the investor portfolio ahead of the first quarter results.

    Specifically, the All-Share index fell 221.98 points or 0.57 percent to close at 39,045.13, from 39,267.11 reported on Tuesday.

    In addition, market capitalization fell by 116 billion naira, closing at 20,428 billion naira, from 20,544 billion naira.

    The market loss is due to the depreciation in prices of large and mid-cap stocks, including MTN Nigeria Communications (MTNN), Stanbic IBTC Holdings, Glaxo Smithkline Consumer, Access Bank and Guaranty Trust Bank.

    Market sentiment remained negative with 24 stocks versus 18 gainers.

    Daar Communications led the losers chart in terms of percentage, losing 8.70 percent to close at 21k per share.

    Wema Bank followed with a decline of 8.06 percent to close at 57k, while University Press lost 7.76 percent to close at 1.07 naira per share.

    UACN Property Development Company lost 7.23 percent to close at 77k, while Japaul Gold and Ventures lost 6.82 percent to close at 41k per share.

    Conversely, Linkage Assurance led the chart of winners in percentage terms with 10 percent to close at 66k per share.

    Meyer and Prestige Assurance followed with a gain of 9.76 percent each to close at 45k each per share each.

    NEM Insurance rose 9.52 percent to close at N 2.30, while Guinness Nigeria appreciated 7.28% to close at N 33.90 per share.

    However, the total volume of shares traded increased by 3.3 percent, with a total of 347.17 million shares valued at 2.80 billion naira traded in 3,990 transactions.

    This contrasts with 336.13 million shares worth 3.27 billion naira traded in 4,394 transactions on Tuesday.

    Wema Bank shares traded topped the activity chart with 94.05 million shares valued at 53.37 billion naira.

    Union Bank of Nigeria followed with 78.91 million shares valued at N 418.22 million, while Zenith Bank traded 22.14 million shares valued at N 500.20 million.

    FBN Holdings traded 11.98 million shares worth 87.14 million Naira, while Guaranty Trust Bank traded 10.72 million shares worth 352.67 million Naira. (NOPE)

    (NAN)

  •   The Nigerian Stock Exchange NSE on Friday moved 190 million shares worth N3 33 billion in 3 976 deals as the indices rose by 0 24 per cent This was in contrast with 257 56 million shares valued N3 53 billion transacted in 5 407 deals on Thursday Transcorp was the most active stock accounting for 37 49 million shares worth N37 65 million It was trailed by Access Bank with an account of 22 87 million shares valued at N195 91 million while FBN Holdings sold 19 79 million shares worth N145 66 million Zenith Bank traded 15 38 million shares valued N376 33 million MTN Nigeria traded 11 58 million shares worth N1 79 billion The market capitalisation of listed equities increased by N43 billion or 0 24 per cent to N18 227 trillion from N18 184 trillion recorded on Thursday Also the NSE All Share Index appreciated by 82 51 points to close at 34 885 51 against 34 803 00 achieved on Thursday MTN Nigeria Communications led the gainers table increasing by N2 to close at N155 per share Unilever followed with 75k to close at N13 75 while Fidson added 37k to close at N5 47 per share NAHCO gained 20k to close at N2 40 while FBN Holdings appreciated by 15k to close at N7 40 per share On the other hand Guaranty Trust Bank topped the losers chart dropping by 40k to close at N35 per share Guinness trailed with a loss of 30k to close at N19 while Portland Paint dropped 24k to close at N2 16 per share Mansard Insurance was down by 16k to close at N2 34 while NEM Insurance dipped 8k to close at N2 47 per share Edited By Chioma Ugboma Wale Ojetimi NAN
    NSE moves 190m shares worth N3.33bn, indices up 0.24%
      The Nigerian Stock Exchange NSE on Friday moved 190 million shares worth N3 33 billion in 3 976 deals as the indices rose by 0 24 per cent This was in contrast with 257 56 million shares valued N3 53 billion transacted in 5 407 deals on Thursday Transcorp was the most active stock accounting for 37 49 million shares worth N37 65 million It was trailed by Access Bank with an account of 22 87 million shares valued at N195 91 million while FBN Holdings sold 19 79 million shares worth N145 66 million Zenith Bank traded 15 38 million shares valued N376 33 million MTN Nigeria traded 11 58 million shares worth N1 79 billion The market capitalisation of listed equities increased by N43 billion or 0 24 per cent to N18 227 trillion from N18 184 trillion recorded on Thursday Also the NSE All Share Index appreciated by 82 51 points to close at 34 885 51 against 34 803 00 achieved on Thursday MTN Nigeria Communications led the gainers table increasing by N2 to close at N155 per share Unilever followed with 75k to close at N13 75 while Fidson added 37k to close at N5 47 per share NAHCO gained 20k to close at N2 40 while FBN Holdings appreciated by 15k to close at N7 40 per share On the other hand Guaranty Trust Bank topped the losers chart dropping by 40k to close at N35 per share Guinness trailed with a loss of 30k to close at N19 while Portland Paint dropped 24k to close at N2 16 per share Mansard Insurance was down by 16k to close at N2 34 while NEM Insurance dipped 8k to close at N2 47 per share Edited By Chioma Ugboma Wale Ojetimi NAN
    NSE moves 190m shares worth N3.33bn, indices up 0.24%
    Economy2 years ago

    NSE moves 190m shares worth N3.33bn, indices up 0.24%

    The Nigerian Stock Exchange (NSE) on Friday moved 190 million shares worth N3.33 billion in 3,976 deals, as the indices rose by 0.24 per cent.

    This was in contrast with 257.56 million shares valued N3.53 billion transacted in 5,407 deals on Thursday.

    Transcorp was the most active stock, accounting for 37.49 million shares worth N37.65 million.

    It was trailed by Access Bank with an account of 22.87 million shares valued at N195.91 million, while FBN Holdings sold 19.79 million shares worth N145.66 million.

    Zenith Bank traded 15.38 million shares valued N376.33 million, MTN Nigeria traded 11.58 million shares worth N1.79 billion.

    The market capitalisation of listed equities increased by N43 billion or 0.24 per cent to N18.227 trillion from N18.184 trillion recorded on Thursday.

    Also, the NSE All-Share Index appreciated by 82.51 points to close at 34,885.51 against 34,803.00 achieved on Thursday.

    MTN Nigeria Communications led the gainers’ table, increasing by N2 to close at N155 per share.

    Unilever followed with 75k to close at N13.75, while Fidson added 37k to close at N5.47 per share.

    NAHCO gained 20k to close at N2.40, while FBN Holdings appreciated by 15k to close at N7.40 per share.

    On the other hand,Guaranty Trust Bank topped the losers’ chart, dropping by 40k to close at N35 per share.

    Guinness trailed with a loss of 30k to close at N19, while Portland Paint dropped 24k to close at N2.16 per share.

    Mansard Insurance was down by 16k to close at N2.34, while NEM Insurance dipped 8k to close at N2.47 per share.


    Edited By: Chioma Ugboma/Wale Ojetimi
    (NAN)

  •   The domestic equities market on Monday extended its losing streak with the All Share Index dropping by 0 04 per cent as the country officially entered recession Specifically the All Share Index lost 15 04 points or 0 04 per cent to close at 34 121 78 compared with 34 136 82 achieved on Friday The index was dragged by profit taking on major financial services among which are Zenith Bank Lafarge Africa Stanbic and Guaranty Trust Bank Consequently month to date and year to date gains moderated to 11 8 per cent and 27 1 per cent respectively Similarly the market capitalisation dipped N7 billion or 0 04 per cent to close at N17 830 trillion from N17 837 trillion posted on Friday Market breath closed negative with five gainers in contrast with 46 losers Custodian Investment Ardova Honeywell Flour Mill Lafarge Africa Livestock Feeds and Transcorp led the losers chart in percentage terms losing 10 per cent each to close at N5 85 N13 50 N1 08 N22 05 N1 26 and 90k per share respectively Oando followed with 9 97 per cent to close at N2 89 while Neimeth International shed by 9 96 per cent to close at N2 17 per share Conversely Airtel Africa dominated the gainers chart in percentage terms with five per cent to close at N525 per share BUA Cement trailed with 4 77 per cent to close at N56 while Dangote Cement rose by 3 42 per cent to close at N199 80 per share Nestle Nigeria chalked up 1 82 per cent to close at N1 400 while NEM Insurance appreciated by 0 78 per cent to close at N2 60 per share Meanwhile the total volume of shares traded increased by 64 69 per cent to 568 04 million shares worth N7 33 billion in 8 928 deals This was in contrast with 344 90 million shares valued at N4 22 billion exchanged in 6 565 deals achieved on Friday Transactions in the shares of Zenith Bank topped the activity chart with 79 741 million shares valued at N1 913 billion FBN Holdings followed with 72 75 million shares worth N499 58 million while Access Bank traded 65 74 million shares valued at N520 34 million United Bank for Africa traded 46 97 million shares valued at N360 04 million while Guaranty Trust Bank transacted 37 09 million shares worth N1 27 billion Edited By Chioma Ugboma Oluwole Sogunle NAN
    NSE opens week with 0.04% loss
      The domestic equities market on Monday extended its losing streak with the All Share Index dropping by 0 04 per cent as the country officially entered recession Specifically the All Share Index lost 15 04 points or 0 04 per cent to close at 34 121 78 compared with 34 136 82 achieved on Friday The index was dragged by profit taking on major financial services among which are Zenith Bank Lafarge Africa Stanbic and Guaranty Trust Bank Consequently month to date and year to date gains moderated to 11 8 per cent and 27 1 per cent respectively Similarly the market capitalisation dipped N7 billion or 0 04 per cent to close at N17 830 trillion from N17 837 trillion posted on Friday Market breath closed negative with five gainers in contrast with 46 losers Custodian Investment Ardova Honeywell Flour Mill Lafarge Africa Livestock Feeds and Transcorp led the losers chart in percentage terms losing 10 per cent each to close at N5 85 N13 50 N1 08 N22 05 N1 26 and 90k per share respectively Oando followed with 9 97 per cent to close at N2 89 while Neimeth International shed by 9 96 per cent to close at N2 17 per share Conversely Airtel Africa dominated the gainers chart in percentage terms with five per cent to close at N525 per share BUA Cement trailed with 4 77 per cent to close at N56 while Dangote Cement rose by 3 42 per cent to close at N199 80 per share Nestle Nigeria chalked up 1 82 per cent to close at N1 400 while NEM Insurance appreciated by 0 78 per cent to close at N2 60 per share Meanwhile the total volume of shares traded increased by 64 69 per cent to 568 04 million shares worth N7 33 billion in 8 928 deals This was in contrast with 344 90 million shares valued at N4 22 billion exchanged in 6 565 deals achieved on Friday Transactions in the shares of Zenith Bank topped the activity chart with 79 741 million shares valued at N1 913 billion FBN Holdings followed with 72 75 million shares worth N499 58 million while Access Bank traded 65 74 million shares valued at N520 34 million United Bank for Africa traded 46 97 million shares valued at N360 04 million while Guaranty Trust Bank transacted 37 09 million shares worth N1 27 billion Edited By Chioma Ugboma Oluwole Sogunle NAN
    NSE opens week with 0.04% loss
    Economy2 years ago

    NSE opens week with 0.04% loss

    The domestic equities market on Monday extended its losing streak with the All-Share Index dropping by 0.04 per cent, as the country officially entered  recession.

    Specifically, the All-Share Index lost 15.04 points or 0.04 per cent to close at 34,121.78 compared with 34,136.82 achieved on Friday.

    The index was dragged by profit-taking on major financial services, among which are Zenith Bank, Lafarge Africa, Stanbic and Guaranty Trust Bank.

    Consequently, month-to-date and year-to-date gains moderated to 11.8 per cent and 27.1 per cent, respectively.

    Similarly, the market capitalisation dipped N7 billion or 0.04 per cent to close at N17.830 trillion from N17.837 trillion posted on Friday.

    Market breath closed negative with five gainers in contrast with 46 losers.

    Custodian Investment, Ardova, Honeywell Flour Mill, Lafarge Africa, Livestock Feeds and Transcorp led the losers’ chart in percentage terms, losing 10 per cent each to close at N5.85, N13.50, N1.08, N22.05, N1.26 and 90k per share, respectively.

    Oando followed with 9.97 per cent to close at N2.89, while Neimeth International shed by 9.96 per cent to close at N2.17 per share.

    Conversely, Airtel Africa dominated the gainers’ chart in percentage terms with five per cent to close at N525 per share.

    BUA Cement trailed with 4.77 per cent to close at N56, while Dangote Cement rose by 3.42 per cent to close at N199.80 per share.

    Nestle Nigeria chalked up 1.82 per cent to close at N1,400, while NEM Insurance appreciated by 0.78 per cent to close at N2.60 per share.

    Meanwhile, the total volume of shares traded increased by 64.69 per cent to 568.04 million shares worth N7.33 billion in 8,928 deals.

    This was in contrast with 344.90 million shares valued at N4.22 billion exchanged in 6,565 deals achieved on Friday.

    Transactions in the shares of Zenith Bank topped the activity chart with 79.741 million shares valued at N1.913 billion.

    FBN Holdings followed with 72.75 million shares worth N499.58 million, while Access Bank traded 65.74 million shares valued at N520.34 million.

    United Bank for Africa traded 46.97 million shares valued at N360.04 million, while Guaranty Trust Bank transacted 37.09 million shares worth N1.27 billion.


    Edited By: Chioma Ugboma/Oluwole Sogunle
    (NAN)

  •   The Nigerian Stock Exchange market indicators on Friday dropped further by 1 46 per cent due to unimpressive third quarter results released by some banks The All Share Index lost 506 83 points or 1 46 per cent to close at 34 136 82 compared with 34 643 65 recorded on Thursday Also the market capitalisation dipped N265 billion or 1 46 per cent to close at N17 837 trillion against N18 102 trillion achieved on Thursday Mr Ambrose Omordion the Chief Operating Officer InvestData Ltd attributed the emergence of the bears to third quarter below expectation results released by some banks Omordion said that the development triggered profit taking in spite of positive economic news of an expansion in the nation s industrial output as shown by the Purchasing Managers Index BUA Cement topped the losers chart with a loss of N2 55 to close at N53 45 MTN Nigeria Communications trailed with N2 to close at N153 while Dangote Cement dipped N1 80 to close at N193 per share Dangote Sugar lost 70k to close at N24 50 per share On the other hand UPDC Reits led the gainers table gaining 35k to close at N4 15 per share NEM Insurance followed with 23k to close at N2 58 while NAHCO garnered 12k to close at N2 30 per share Ikeja Hotel added 10k to close at N1 10 while AIICO gained 9k to close at N1 01 per share An analysis of the activity chart shows that Zenith Bank was the most active stock trading 44 33 million shares valued at N1 14 billion United Bank for Africa accounted for 41 23 million shares worth N337 79 million FBN Holdings traded 34 33 million shares valued at N255 34 million Access Bank traded 29 29 million shares worth N256 27 million while Transcorp exchanged 28 77 million shares valued at N29 14 million In all investors bought and sold 344 90 million shares valued at N4 22 billion in 6 565 deals This was against a total of 364 92 million shares worth N3 50 billion exchanged in 6 340 deals on Thursday Edited By Oluwole Sogunle NAN
    Nigeria stock market loses N265bn on banks’ unimpressive Q3 results
      The Nigerian Stock Exchange market indicators on Friday dropped further by 1 46 per cent due to unimpressive third quarter results released by some banks The All Share Index lost 506 83 points or 1 46 per cent to close at 34 136 82 compared with 34 643 65 recorded on Thursday Also the market capitalisation dipped N265 billion or 1 46 per cent to close at N17 837 trillion against N18 102 trillion achieved on Thursday Mr Ambrose Omordion the Chief Operating Officer InvestData Ltd attributed the emergence of the bears to third quarter below expectation results released by some banks Omordion said that the development triggered profit taking in spite of positive economic news of an expansion in the nation s industrial output as shown by the Purchasing Managers Index BUA Cement topped the losers chart with a loss of N2 55 to close at N53 45 MTN Nigeria Communications trailed with N2 to close at N153 while Dangote Cement dipped N1 80 to close at N193 per share Dangote Sugar lost 70k to close at N24 50 per share On the other hand UPDC Reits led the gainers table gaining 35k to close at N4 15 per share NEM Insurance followed with 23k to close at N2 58 while NAHCO garnered 12k to close at N2 30 per share Ikeja Hotel added 10k to close at N1 10 while AIICO gained 9k to close at N1 01 per share An analysis of the activity chart shows that Zenith Bank was the most active stock trading 44 33 million shares valued at N1 14 billion United Bank for Africa accounted for 41 23 million shares worth N337 79 million FBN Holdings traded 34 33 million shares valued at N255 34 million Access Bank traded 29 29 million shares worth N256 27 million while Transcorp exchanged 28 77 million shares valued at N29 14 million In all investors bought and sold 344 90 million shares valued at N4 22 billion in 6 565 deals This was against a total of 364 92 million shares worth N3 50 billion exchanged in 6 340 deals on Thursday Edited By Oluwole Sogunle NAN
    Nigeria stock market loses N265bn on banks’ unimpressive Q3 results
    Economy2 years ago

    Nigeria stock market loses N265bn on banks’ unimpressive Q3 results

    The Nigerian Stock Exchange market indicators on Friday dropped further by 1.46 per cent due to unimpressive third quarter results released by some banks.

    The All-Share Index lost 506.83 points or 1.46 per cent to close at 34,136.82 compared with 34,643.65 recorded on Thursday.

    Also, the market capitalisation dipped N265 billion or 1.46 per cent to close at N17.837 trillion against N18.102 trillion achieved on Thursday.

    Mr Ambrose Omordion, the Chief Operating Officer, InvestData Ltd., attributed the emergence of the bears to third quarter below expectation results released by some banks.

    Omordion said that the development triggered profit taking in spite of positive economic news of an expansion in the nation’s industrial output as shown by the Purchasing Managers Index.

    BUA Cement topped the losers’ chart with a loss of N2.55 to close at N53.45.

    MTN Nigeria Communications trailed with N2 to close at N153, while Dangote Cement dipped N1.80 to close at N193 per share.

    Dangote Sugar lost 70k to close at N24.50 per share.

    On the other hand, UPDC Reits led the gainers’ table, gaining 35k to close at N4.15 per share.

    NEM Insurance followed with 23k to close at N2.58, while NAHCO garnered 12k to close at N2.30 per share.

    Ikeja Hotel added 10k to close at N1.10, while AIICO gained 9k to close at N1.01 per share.

    An analysis of the activity chart shows that Zenith Bank was the most active stock, trading 44.33 million shares valued at N1.14 billion.

    United Bank for Africa accounted for 41.23 million shares worth N337.79 million, FBN Holdings traded 34.33 million shares valued at N255.34 million.

    Access Bank traded 29.29 million shares worth N256.27 million, while Transcorp exchanged 28.77 million shares valued at N29.14 million.

    In all, investors bought and sold 344.90 million shares valued at N4.22 billion in 6,565 deals.

    This was against a total of 364.92 million shares worth N3.50 billion exchanged in 6,340 deals on Thursday.


    Edited By: Oluwole Sogunle
    (NAN)

  •   Investors on the Nigerian Stock Exchange on Friday traded 637 49 million shares worth N5 23 billion transacted in 6 354 deals This was in contrast with 430 12 million shares valued at N6 62 billion achieved in 4 319 deals on Thursday Omoluabi Mortgage Bank was the toast of investors exchanging 139 50 million shares worth N83 70 million It was trailed by FBN Holdings with 91 37 million shares valued at N594 95 million while Sterling Bank traded 51 50 million shares worth N93 69 million Access Bank sold 47 27 million shares valued at N382 07 million while UBA exchanged 44 55 million shares with N356 44 million cost Also the market capitalisation rose by N144 billion or 0 90 per cent to N16 206 trillion from N16 062 trillion achieved on Thursday Dangote Cement led the gainers chart with N5 50 to close at N174 50 per share Guaranty Trust Bank gained N1 20 to close at N33 50 while Presco improved by N1 10 to close at N67 Guinness garnered 95k to close at N17 50 while Dangote Sugar Refinery rose by 95k to close at N16 50 per share On the other hand BUA Cement dominated the losers chart dropping N2 45 to close at N43 per share Flour Mills lost 40k to close at N27 20 Mansard was down by 20k to close at N2 per share NEM Insurance dipped 18k to close at N2 05 while Oando depreciated by 6k to close at N2 70 per share Edited By Kevin Okunzuwa Oluwole Sogunle Source NAN
    NSE moves 637.49m shares worth N5.23bn
      Investors on the Nigerian Stock Exchange on Friday traded 637 49 million shares worth N5 23 billion transacted in 6 354 deals This was in contrast with 430 12 million shares valued at N6 62 billion achieved in 4 319 deals on Thursday Omoluabi Mortgage Bank was the toast of investors exchanging 139 50 million shares worth N83 70 million It was trailed by FBN Holdings with 91 37 million shares valued at N594 95 million while Sterling Bank traded 51 50 million shares worth N93 69 million Access Bank sold 47 27 million shares valued at N382 07 million while UBA exchanged 44 55 million shares with N356 44 million cost Also the market capitalisation rose by N144 billion or 0 90 per cent to N16 206 trillion from N16 062 trillion achieved on Thursday Dangote Cement led the gainers chart with N5 50 to close at N174 50 per share Guaranty Trust Bank gained N1 20 to close at N33 50 while Presco improved by N1 10 to close at N67 Guinness garnered 95k to close at N17 50 while Dangote Sugar Refinery rose by 95k to close at N16 50 per share On the other hand BUA Cement dominated the losers chart dropping N2 45 to close at N43 per share Flour Mills lost 40k to close at N27 20 Mansard was down by 20k to close at N2 per share NEM Insurance dipped 18k to close at N2 05 while Oando depreciated by 6k to close at N2 70 per share Edited By Kevin Okunzuwa Oluwole Sogunle Source NAN
    NSE moves 637.49m shares worth N5.23bn
    Economy2 years ago

    NSE moves 637.49m shares worth N5.23bn

    Investors on the Nigerian Stock Exchange on Friday traded 637.49 million shares worth N5.23 billion transacted in 6,354 deals.

    This was in contrast with 430.12 million shares valued at N6.62 billion achieved in 4,319 deals on Thursday.

    Omoluabi Mortgage Bank was the toast of investors exchanging 139.50 million shares worth N83.70 million.

    It was trailed by FBN Holdings with 91.37 million shares valued at N594.95 million, while Sterling Bank traded 51.50 million shares worth N93.69 million.

    Access Bank sold 47.27 million shares valued at N382.07 million while UBA exchanged 44.55 million shares with N356.44 million cost.

    Also, the market capitalisation rose by N144 billion or 0.90 per cent to N16.206 trillion from N16.062 trillion achieved on Thursday.

    Dangote Cement led the gainers’ chart with N5.50 to close at N174.50 per share.

    Guaranty Trust Bank gained N1.20 to close at N33.50, while Presco improved by N1.10 to close at N67.

    Guinness garnered 95k to close at N17.50, while Dangote Sugar Refinery rose by 95k to close at N16.50 per share.

    On the other hand, BUA Cement dominated the losers’ chart, dropping N2.45 to close at N43 per share.

    Flour Mills lost 40k to close at N27.20, Mansard was down by 20k to close at N2 per share.

    NEM Insurance dipped 18k to close at N2.05, while Oando depreciated by 6k to close at N2.70 per share.


    Edited By: Kevin Okunzuwa/Oluwole Sogunle
    Source: NAN

  •  The Nigerian Stock Exchange market capitalisation gained N239 billion in about six hours of trading on Wednesday due to crash in money market instruments and improved third quarter earnings Specifically the market capitalisation which opened at N15 147 trillion rose by N239 billion or 1 58 per cent to close at N15 386 trillion Also the All Share Index increased by 457 31 points or 1 58 per cent to close at 29 437 60 from 28 980 29 posted on Tuesday The uptrend was impacted by gains recorded in large and medium capitalised stocks amongst which are Nestle Total Dangote Cement Conoil and Flour Mills The Chief Executive Officer InvestData Ltd Mr Ambrose Omordion attributed the renewed investor confidence to higher return offered by the stock market Omordion said that low yield in other money market instruments made the stock market the toast of investors He said that relative calm in the country after the EndSARS protests and lifting of curfews contributed to the price rally Market breadth remained positive with 41 gainers and five laggards An analysis of the price movement chart shows that Custodian Investment and Nestle topped the gainers chart in percentage terms gaining 10 per cent each to close at N6 05 and N1 292 50 per share respectively NEM Insurance followed with 9 85 per cent to close at N2 23 per share International Breweries rose by 9 84 per cent to close at N6 70 while FCMB Group appreciated by 9 81 per cent to close at N2 91 per share Conversely Royal Exchange led the losers chart in percentage terms declining by eight per cent to close at 23k per share Cutix followed with 6 84 per cent to close at N1 77 while Honeywell shed 1 03 per cent to close at 96k per share Africa Prudential dipped 0 85 per cent to close at N5 85 while May and Baker depreciated by 0 33 per cent to close at N3 05 per share Zenith Bank dominated the activity chart with 46 66 million shares valued at N1 004 billion Fidelity Bank came second with 33 47 million shares worth N76 05 million while Ecobank Transnational Incorporated traded 27 53 million shares valued at N157 02 million Access Bank sold 26 52 million shares worth N205 99 million while BUA Cement transacted 25 02 million shares valued at N1 04 billion However the total volume of traded dipped 2 68 per cent with an exchange of 375 25 million shares valued at N4 63 billion exchanged in 5 947 deals This was against a turnover of 385 59 million shares worth N2 91 billion achieved in 5 283 deals on Tuesday Edited By Oluwole Sogunle Source NAN
    NSE market capitalisation gains N239bn on enhanced confidence
     The Nigerian Stock Exchange market capitalisation gained N239 billion in about six hours of trading on Wednesday due to crash in money market instruments and improved third quarter earnings Specifically the market capitalisation which opened at N15 147 trillion rose by N239 billion or 1 58 per cent to close at N15 386 trillion Also the All Share Index increased by 457 31 points or 1 58 per cent to close at 29 437 60 from 28 980 29 posted on Tuesday The uptrend was impacted by gains recorded in large and medium capitalised stocks amongst which are Nestle Total Dangote Cement Conoil and Flour Mills The Chief Executive Officer InvestData Ltd Mr Ambrose Omordion attributed the renewed investor confidence to higher return offered by the stock market Omordion said that low yield in other money market instruments made the stock market the toast of investors He said that relative calm in the country after the EndSARS protests and lifting of curfews contributed to the price rally Market breadth remained positive with 41 gainers and five laggards An analysis of the price movement chart shows that Custodian Investment and Nestle topped the gainers chart in percentage terms gaining 10 per cent each to close at N6 05 and N1 292 50 per share respectively NEM Insurance followed with 9 85 per cent to close at N2 23 per share International Breweries rose by 9 84 per cent to close at N6 70 while FCMB Group appreciated by 9 81 per cent to close at N2 91 per share Conversely Royal Exchange led the losers chart in percentage terms declining by eight per cent to close at 23k per share Cutix followed with 6 84 per cent to close at N1 77 while Honeywell shed 1 03 per cent to close at 96k per share Africa Prudential dipped 0 85 per cent to close at N5 85 while May and Baker depreciated by 0 33 per cent to close at N3 05 per share Zenith Bank dominated the activity chart with 46 66 million shares valued at N1 004 billion Fidelity Bank came second with 33 47 million shares worth N76 05 million while Ecobank Transnational Incorporated traded 27 53 million shares valued at N157 02 million Access Bank sold 26 52 million shares worth N205 99 million while BUA Cement transacted 25 02 million shares valued at N1 04 billion However the total volume of traded dipped 2 68 per cent with an exchange of 375 25 million shares valued at N4 63 billion exchanged in 5 947 deals This was against a turnover of 385 59 million shares worth N2 91 billion achieved in 5 283 deals on Tuesday Edited By Oluwole Sogunle Source NAN
    NSE market capitalisation gains N239bn on enhanced confidence
    Economy2 years ago

    NSE market capitalisation gains N239bn on enhanced confidence

    The Nigerian Stock Exchange market capitalisation gained N239 billion in about six hours of trading on Wednesday, due to crash in money market instruments and improved third quarter earnings.

    Specifically, the market capitalisation which opened at N15.147 trillion rose by N239 billion or 1.58 per cent to close at N15.386 trillion.

    Also, the All Share Index increased by 457.31 points or 1.58 per cent to close at 29,437.60 from 28,980.29 posted on Tuesday.

    The uptrend was impacted by gains recorded in large and medium capitalised stocks, amongst which are; Nestle, Total, Dangote Cement, Conoil and Flour Mills.

    The Chief Executive Officer, InvestData Ltd., Mr Ambrose Omordion, attributed the renewed investor confidence to higher return offered by the stock market.

    Omordion said that low yield in other money market instruments made the stock market the toast of investors.

    He said that relative calm in the country after the #EndSARS protests and lifting of curfews contributed to the price rally.

    Market breadth remained positive with 41 gainers and five laggards.

    An analysis of the price movement chart shows that Custodian Investment and Nestle topped the gainers’ chart in percentage terms, gaining 10 per cent each to close at N6.05 and N1,292.50 per share, respectively.

    NEM Insurance followed with 9.85 per cent to close at N2.23 per share.

    International Breweries rose by 9.84 per cent to close at N6.70, while FCMB Group appreciated by 9.81 per cent to close at N2.91 per share.

    Conversely, Royal Exchange led the losers’ chart in percentage terms, declining by eight per cent to close at 23k per share.

    Cutix followed with 6.84 per cent, to close at N1.77, while Honeywell shed 1.03 per cent to close at 96k per share.

    Africa Prudential dipped 0.85 per cent to close at N5.85, while May and Baker depreciated by 0.33 per cent to close at N3.05 per share.

    Zenith Bank dominated the activity chart with 46.66 million shares valued at N1.004 billion.

    Fidelity Bank came second with 33.47 million shares worth N76.05 million, while Ecobank Transnational Incorporated traded 27.53 million shares valued at N157.02 million.

    Access Bank sold 26.52 million shares worth N205.99 million, while BUA Cement transacted 25.02 million shares valued at N1.04 billion.

    However, the total volume of traded dipped 2.68 per cent with an exchange of 375.25 million shares valued at N4.63 billion exchanged in 5,947 deals.

    This was against a turnover of 385.59 million shares worth N2.91 billion achieved in 5,283 deals on Tuesday.


    Edited By: Oluwole Sogunle
    Source: NAN

  •  The bulls on Tuesday continued to dominate trading on the nation s bourse with the market indices improving further by 0 70 per cent amid increased buying interest Speficially the All Share Index on Tuesday rose by 202 33 points or 0 70 per cent to close at 28 980 29 compared with 28 777 96 achieved on Monday Also the market capitalisation inched higher by N106 billion or 0 70 per cent to close at N15 147 trillion against N15 041 trillion recorded on Monday The upturn was impacted by gains recorded in medium and large capitalised stocks amongst which are Flour Mills Conoil Guinness Cadbury and Guaranty Trust Bank The Managing Director APT Securities and Funds Ltd Malam Garba Kurfi attributed the persistent rally to crash in money market instruments Kurfi described the capital market as the best alternative investment with good returns at the moment The capital market stand today as the best alternative investment with good returns The money market has crashed to a single digit rate of return on investment same with Treasury Bills commercial papers FGN Savings and FGN Bonds Kurfi said He said that impressive third quarter results released by some companies contributed to the rally Market breadth closed positive with 46 gainers in contrast with two laggards Linkage Assurance led the gainers chart in percentage terms appreciating by 10 per cent to close at 44k per share Conoil followed with 9 81 per cent to close at N17 35 while Northern Nigeria Flour Mills rose by 9 79 per cent to close at N4 60 per share Portland Paints and Products rose by 9 76 per cent to close at N2 25 while Livestock Feeds appreciated by 9 68 per cent to close at 68k per share On the other hand Wema Bank dominated the losers chart in percentage terms losing 1 72 per cent to close at 57k per share NEM Insurance followed with a loss of 1 46 per cent to close at N2 03 per share Also the total volume of traded increased by 13 1 per cent to 385 59 million shares valued at N2 91 billion exchanged in 5 283 deals This was in contrast with 340 80 million shares worth N5 56 billion transacted in 4 235 deals on Monday Transactions in the shares of FBN Holdings topped the activity chart with 81 78 million shares valued at N505 53 million Access Bank followed with 50 72 million shares worth N391 24 million while Fidelity Bank traded 35 19 million shares valued at N75 11 million Ecobank Transnational Incorporated sold 24 15 million shares worth N121 17 million while United Bank for Africa accounted for 20 49 million shares worth N147 12 million Edited By Oluwole Sogunle Source NAN
    Nigeria stock market advances further 0.70%
     The bulls on Tuesday continued to dominate trading on the nation s bourse with the market indices improving further by 0 70 per cent amid increased buying interest Speficially the All Share Index on Tuesday rose by 202 33 points or 0 70 per cent to close at 28 980 29 compared with 28 777 96 achieved on Monday Also the market capitalisation inched higher by N106 billion or 0 70 per cent to close at N15 147 trillion against N15 041 trillion recorded on Monday The upturn was impacted by gains recorded in medium and large capitalised stocks amongst which are Flour Mills Conoil Guinness Cadbury and Guaranty Trust Bank The Managing Director APT Securities and Funds Ltd Malam Garba Kurfi attributed the persistent rally to crash in money market instruments Kurfi described the capital market as the best alternative investment with good returns at the moment The capital market stand today as the best alternative investment with good returns The money market has crashed to a single digit rate of return on investment same with Treasury Bills commercial papers FGN Savings and FGN Bonds Kurfi said He said that impressive third quarter results released by some companies contributed to the rally Market breadth closed positive with 46 gainers in contrast with two laggards Linkage Assurance led the gainers chart in percentage terms appreciating by 10 per cent to close at 44k per share Conoil followed with 9 81 per cent to close at N17 35 while Northern Nigeria Flour Mills rose by 9 79 per cent to close at N4 60 per share Portland Paints and Products rose by 9 76 per cent to close at N2 25 while Livestock Feeds appreciated by 9 68 per cent to close at 68k per share On the other hand Wema Bank dominated the losers chart in percentage terms losing 1 72 per cent to close at 57k per share NEM Insurance followed with a loss of 1 46 per cent to close at N2 03 per share Also the total volume of traded increased by 13 1 per cent to 385 59 million shares valued at N2 91 billion exchanged in 5 283 deals This was in contrast with 340 80 million shares worth N5 56 billion transacted in 4 235 deals on Monday Transactions in the shares of FBN Holdings topped the activity chart with 81 78 million shares valued at N505 53 million Access Bank followed with 50 72 million shares worth N391 24 million while Fidelity Bank traded 35 19 million shares valued at N75 11 million Ecobank Transnational Incorporated sold 24 15 million shares worth N121 17 million while United Bank for Africa accounted for 20 49 million shares worth N147 12 million Edited By Oluwole Sogunle Source NAN
    Nigeria stock market advances further 0.70%
    Economy2 years ago

    Nigeria stock market advances further 0.70%

    The bulls on Tuesday continued to dominate trading on the nation’s bourse with the market indices improving further by 0.70 per cent, amid increased buying interest.

    Speficially, the All-Share Index on Tuesday rose by 202.33 points or 0.70 per cent to close at 28,980.29 compared with 28,777.96 achieved on Monday.

    Also, the market capitalisation inched higher by N106 billion or 0.70 per cent to close at N15.147 trillion against N15.041 trillion recorded on Monday.

    The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Flour Mills, Conoil, Guinness, Cadbury and Guaranty Trust Bank.

    The Managing Director, APT Securities and Funds Ltd., Malam Garba Kurfi, attributed the persistent rally to crash in money market instruments.

    Kurfi described the capital market as the best alternative investment with good returns at the moment.

    “The capital market stand today as the best alternative investment with good returns.

    “The money market has crashed to a single digit rate of return on investment, same with Treasury Bills, commercial papers, FGN Savings and FGN Bonds,” Kurfi said.

    He said that impressive third quarter results released by some companies contributed to the rally.

    Market breadth closed positive with 46 gainers in contrast with two laggards.

    Linkage Assurance led the gainers’ chart in percentage terms, appreciating by 10 per cent to close at 44k per share.

    Conoil followed with 9.81 per cent to close at N17.35, while Northern Nigeria Flour Mills rose by 9.79 per cent to close at N4.60 per share.

    Portland Paints and Products rose by 9.76 per cent to close at N2.25, while Livestock Feeds appreciated by 9.68 per cent to close at 68k per share.

    On the other hand, Wema Bank dominated the losers’ chart in percentage terms, losing 1.72 per cent to close at 57k per share.

    NEM Insurance followed with a loss of 1.46 per cent to close at N2.03 per share.

    Also, the total volume of traded increased by 13.1 per cent to 385.59 million shares valued at N2.91 billion exchanged in 5,283 deals.

    This was in contrast with 340.80 million shares worth N5.56 billion transacted in 4,235 deals on Monday.

    Transactions in the shares of FBN Holdings topped the activity chart with 81.78 million shares valued at N505.53 million.

    Access Bank followed with 50.72 million shares worth N391.24 million, while Fidelity Bank traded 35.19 million shares valued at N75.11 million.

    Ecobank Transnational Incorporated sold 24.15 million shares worth N121.17 million, while United Bank for Africa accounted for 20.49 million shares worth N147.12 million.


    Edited By: Oluwole Sogunle
    Source: NAN

  •  The Nigerian Stock Exchange NSE extended losing streak on Wednesday with a loss of 0 19 per cent amid sell pressure The NSE All Share Index shed 47 65 points or 0 19 per cent to close at 25 550 31 compared with 25 597 96 recorded on Tuesday Similarly the market capitalisation which opened at N13 354 trillion lost two billion naira to close at N13 352 trillion The downturn was impacted by losses recorded in medium and large capitalised stocks amongst which are Cadbury Lafarge Africa NEM Insurance Zenith Bank and International Breweries Market breadth closed negative with 17 gainers against 19 losers Royal Exchange led the laggards table in percentage terms dropping by 10 per cent to close at 27k per share NEM Insurance came second with 9 78 per cent to close at N2 03 while Cadbury dipped 8 39 per cent to close at N7 10 per share Associated Bus Company dropped 8 33 per cent to close at 33k while Neimeth shed 7 69 per cent to close at N1 80 per share On the other hand Learn Africa led the gainers chart in percentage terms gaining 9 62 per cent to close at N1 14 per share Berger Paints garnered 7 44 per cent to close at N6 50 while Union Bank of Nigeria grew by seven per cent to close at N5 35 per share Oando increased by 4 44 per cent to close at N2 35 while Lasaco Assurance appreciated by four per cent to close at 26k per share Also the volume of shares traded decreased by 13 59 per cent as investors bought and sold 211 82 million shares worth N2 42 billion in 3 651 deals This was in contrast with a turnover of 245 14 million shares valued at N3 01 billion achieved in 3 597 deals on Tuesday FCMB Group topped the activity chart with 30 33 million shares worth N62 18 million Access Bank followed with 20 97 million shares valued at N139 40 million while United Bank for Africa sold 18 57 million shares worth N109 65 million Zenith Bank accounted for 17 99 million shares worth N306 34 million while FBN Holdings transacted 13 54 million shares valued at N67 41 million Edited By Chioma Ugboma Oluwole Sogunle Source NAN
    Sell pressure: Stock market extends loss 0.19%
     The Nigerian Stock Exchange NSE extended losing streak on Wednesday with a loss of 0 19 per cent amid sell pressure The NSE All Share Index shed 47 65 points or 0 19 per cent to close at 25 550 31 compared with 25 597 96 recorded on Tuesday Similarly the market capitalisation which opened at N13 354 trillion lost two billion naira to close at N13 352 trillion The downturn was impacted by losses recorded in medium and large capitalised stocks amongst which are Cadbury Lafarge Africa NEM Insurance Zenith Bank and International Breweries Market breadth closed negative with 17 gainers against 19 losers Royal Exchange led the laggards table in percentage terms dropping by 10 per cent to close at 27k per share NEM Insurance came second with 9 78 per cent to close at N2 03 while Cadbury dipped 8 39 per cent to close at N7 10 per share Associated Bus Company dropped 8 33 per cent to close at 33k while Neimeth shed 7 69 per cent to close at N1 80 per share On the other hand Learn Africa led the gainers chart in percentage terms gaining 9 62 per cent to close at N1 14 per share Berger Paints garnered 7 44 per cent to close at N6 50 while Union Bank of Nigeria grew by seven per cent to close at N5 35 per share Oando increased by 4 44 per cent to close at N2 35 while Lasaco Assurance appreciated by four per cent to close at 26k per share Also the volume of shares traded decreased by 13 59 per cent as investors bought and sold 211 82 million shares worth N2 42 billion in 3 651 deals This was in contrast with a turnover of 245 14 million shares valued at N3 01 billion achieved in 3 597 deals on Tuesday FCMB Group topped the activity chart with 30 33 million shares worth N62 18 million Access Bank followed with 20 97 million shares valued at N139 40 million while United Bank for Africa sold 18 57 million shares worth N109 65 million Zenith Bank accounted for 17 99 million shares worth N306 34 million while FBN Holdings transacted 13 54 million shares valued at N67 41 million Edited By Chioma Ugboma Oluwole Sogunle Source NAN
    Sell pressure: Stock market extends loss 0.19%
    Economy2 years ago

    Sell pressure: Stock market extends loss 0.19%

    The Nigerian Stock Exchange (NSE) extended losing streak on Wednesday,  with a loss of 0.19 per cent, amid sell pressure.

    The NSE All-Share Index shed 47.65 points or 0.19 per cent to close at 25,550.31 compared with 25,597.96 recorded on Tuesday.

    Similarly, the market capitalisation which opened at N13.354 trillion lost two billion naira to close at N13.352 trillion.

    The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Cadbury, Lafarge Africa, NEM Insurance, Zenith Bank and International Breweries.

    Market breadth closed negative with 17 gainers against 19 losers.

    Royal Exchange led the laggards’ table in percentage terms, dropping by 10 per cent to close at 27k per share.

    NEM Insurance came second with 9.78 per cent to close at N2.03, while Cadbury dipped 8.39 per cent to close at N7.10 per share.

    Associated Bus Company dropped 8.33 per cent to close at 33k, while Neimeth shed 7.69 per cent to close at N1.80 per share.

    On the other hand, Learn Africa led the gainers’ chart in percentage terms, gaining 9.62 per cent to close at N1.14 per share.

    Berger Paints garnered 7.44 per cent to close at N6.50, while Union Bank of Nigeria grew by seven per cent to close at N5.35 per share.

    Oando increased by 4.44 per cent to close at N2.35, while Lasaco Assurance appreciated by four per cent to close at 26k per share.

    Also, the volume of shares traded decreased by 13.59 per cent as investors bought and sold 211.82 million shares worth N2.42 billion in 3,651 deals.

    This was in contrast with a turnover of 245.14 million shares valued at N3.01 billion achieved in 3,597 deals on Tuesday.

    FCMB Group topped the activity chart with 30.33 million shares worth N62.18 million.

    Access Bank followed with 20.97 million shares valued at N139.40 million, while United Bank for Africa sold 18.57 million shares worth N109.65 million.

    Zenith Bank accounted for 17.99 million shares worth N306.34 million, while FBN Holdings transacted 13.54 million shares valued at N67.41 million.


    Edited By: Chioma Ugboma/Oluwole Sogunle
    Source: NAN

     

     

  •  The Nigerian Stock Exchange NSE opened trading for the week on Monday with a loss of 0 09 per cent ending five days consecutive bullish trend Specifically the All Share Index lost 23 41 points or 0 09 per cent to close at 25 582 23 compared with 25 605 64 recorded on Friday Accordingly the Month to Date gain moderated to 1 0 per cent while Year to Date loss increased to 4 7 per cent Also the market capitalisation dropped N13 billion to close at N13 345 trillion from N13 358 trillion achieved on Friday The downturn was impacted by losses recorded in medium and large capitalised stocks amongst which are Guaranty Trust Bank Dangote Sugar Red Star Express United Bank for Africa and Zenith Bank Commenting on stock market expectation this week analysts at United Capital Plc predicted that the market would experience profit taking They said that resumption of foreign exchange sales at the Investor amp Exporter window might provide previously locked in foreign investors the long waited opportunity to exit their stakes in the Nigerian equities Honeywell Flour Mill led the losers chart in percentage terms dropping 6 25 per cent to close at 90k per share Chams trailed with 4 55 per cent to close at 21k while Red Star Express declined by 4 37 per cent to close at N3 72 per share Neimeth International lost 3 74 per cent to close at N1 80 while Union Diagnostic shed 3 70 per cent to close at 26k per share Conversely Eterna drove the gainers chart in percentage terms appreciating by 9 13 per cent to close at N2 27 per share NEM Insurance gained 8 70 per cent to close at N2 25 while C amp I Leasing rose by 8 33 per cent to close at N3 90 per share UACN Property increased by 7 61 per cent to close at 99k while Academy Press garnered 7 41 per cent to close at 29k per share Also the volume of shares traded dipped 39 24 per cent with an exchange of 254 97 million shares worth N2 billion achieved in 4 699 deals This was in contrast with 419 66 million shares valued at N3 79 billion exchanged in 4 152 deals on Friday Transactions in the shares of UBA topped the activity chart with 44 35 million shares worth N291 99 million Zenith Bank followed with 30 82 million shares valued at N536 11 million while Access Bank traded 29 12 million shares worth N196 63 million Custodian Investment traded 19 83 million shares valued at N126 69 million while FBN Holdings transacted 19 83 million shares worth N98 63 million 08037148021Edited By Chioma Ugboma Wale Ojetimi Source NAN
    NSE market indicators open week with N13bn loss
     The Nigerian Stock Exchange NSE opened trading for the week on Monday with a loss of 0 09 per cent ending five days consecutive bullish trend Specifically the All Share Index lost 23 41 points or 0 09 per cent to close at 25 582 23 compared with 25 605 64 recorded on Friday Accordingly the Month to Date gain moderated to 1 0 per cent while Year to Date loss increased to 4 7 per cent Also the market capitalisation dropped N13 billion to close at N13 345 trillion from N13 358 trillion achieved on Friday The downturn was impacted by losses recorded in medium and large capitalised stocks amongst which are Guaranty Trust Bank Dangote Sugar Red Star Express United Bank for Africa and Zenith Bank Commenting on stock market expectation this week analysts at United Capital Plc predicted that the market would experience profit taking They said that resumption of foreign exchange sales at the Investor amp Exporter window might provide previously locked in foreign investors the long waited opportunity to exit their stakes in the Nigerian equities Honeywell Flour Mill led the losers chart in percentage terms dropping 6 25 per cent to close at 90k per share Chams trailed with 4 55 per cent to close at 21k while Red Star Express declined by 4 37 per cent to close at N3 72 per share Neimeth International lost 3 74 per cent to close at N1 80 while Union Diagnostic shed 3 70 per cent to close at 26k per share Conversely Eterna drove the gainers chart in percentage terms appreciating by 9 13 per cent to close at N2 27 per share NEM Insurance gained 8 70 per cent to close at N2 25 while C amp I Leasing rose by 8 33 per cent to close at N3 90 per share UACN Property increased by 7 61 per cent to close at 99k while Academy Press garnered 7 41 per cent to close at 29k per share Also the volume of shares traded dipped 39 24 per cent with an exchange of 254 97 million shares worth N2 billion achieved in 4 699 deals This was in contrast with 419 66 million shares valued at N3 79 billion exchanged in 4 152 deals on Friday Transactions in the shares of UBA topped the activity chart with 44 35 million shares worth N291 99 million Zenith Bank followed with 30 82 million shares valued at N536 11 million while Access Bank traded 29 12 million shares worth N196 63 million Custodian Investment traded 19 83 million shares valued at N126 69 million while FBN Holdings transacted 19 83 million shares worth N98 63 million 08037148021Edited By Chioma Ugboma Wale Ojetimi Source NAN
    NSE market indicators open week with N13bn loss
    Economy2 years ago

    NSE market indicators open week with N13bn loss

    The Nigerian Stock Exchange (NSE) opened trading for the week on Monday,  with a loss of 0.09 per cent, ending five days consecutive bullish trend.

    Specifically, the All-Share Index lost 23.41 points or 0.09 per cent to close at 25,582.23 compared with 25,605.64 recorded on Friday.

    Accordingly, the Month-to-Date gain moderated to 1.0 per cent while Year-to-Date loss increased to -4.7 per cent.

    Also, the market capitalisation dropped N13 billion to close at N13.345 trillion from N13.358 trillion achieved on Friday.

    The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Guaranty Trust Bank, Dangote Sugar, Red Star Express, United Bank for Africa and Zenith Bank.

    Commenting on stock market expectation this week, analysts at United Capital Plc,  predicted that the market would experience profit taking.

    They said that resumption of foreign exchange sales at the Investor & Exporter window  might provide previously locked-in foreign investors the long-waited opportunity to exit their stakes in the Nigerian equities.

    Honeywell Flour Mill led the losers’ chart in percentage terms, dropping 6.25 per cent to close at 90k per share.

    Chams trailed with 4.55 per cent to close at 21k, while Red Star Express declined by 4.37 per cent to close at N3.72 per share.

    Neimeth International lost 3.74 per cent to close at N1.80, while Union Diagnostic shed 3.70 per cent to close at 26k per share.

    Conversely, Eterna drove the gainers’ chart in percentage terms, appreciating by 9.13 per cent to close at N2.27 per share.

    NEM Insurance gained 8.70 per cent to close at N2.25, while C&I Leasing rose by 8.33 per cent to close at N3.90 per share.

    UACN Property increased by 7.61 per cent to close at 99k, while Academy Press garnered 7.41 per cent to close at 29k per share.

    Also, the volume of shares traded dipped 39.24 per cent with an exchange of 254.97 million shares worth N2 billion achieved in 4,699 deals.

    This was in contrast with 419.66 million shares valued at N3.79 billion exchanged in 4,152 deals on Friday.

    Transactions in the shares of UBA topped the activity chart with 44.35 million shares worth N291.99 million.

    Zenith Bank followed with 30.82 million shares valued at N536.11 million, while Access Bank traded 29.12 million shares worth N196.63 million.

    Custodian Investment traded 19.83 million shares valued at N126.69 million, while FBN Holdings transacted 19.83 million shares worth N98.63 million.

    08037148021


    Edited By: Chioma Ugboma/Wale Ojetimi
    Source: NAN

  •  The nation s bourse on Monday closed the last trading day of August with a growth of 0 07 per cent following sustained positive sentiment Specifically the All Share Index rose by 17 76 points or 0 07 per cent to close at 25 327 13 compared with 25 309 37 achieved on Friday Similarly the market capitalisation improved by nine billion naira or 0 07 per cent to close at N13 213 trillion against N13 203 trillion posted on Friday The upturn was impacted by gains recorded in large and medium capitalised stocks amongst which are Mobil Nigeria Dangote Cement Lafarge Africa Vitafoam and BUA Cement Analysts at United Capital Plc said This week we expect to see some profit taking given the bullish performance in the last two weeks Mobil led the gainers chart in percentage terms appreciating by 10 per cent to close at N192 50 per share FTN Cocoa followed with 8 33 per cent to close at 26k while Royal Exchange garnered 7 69 per cent to close at 28k per share Vitafoam inched higher by 4 39 per cent to close at N5 71 while Lafarge Africa appreciated by 3 46 per cent to close at N11 95 per share Conversely C I Leasing topped the laggards chart in percentage terms with a loss of 10 per cent to close at N3 60 per share UACN Property trailed with a loss of 7 61 per cent to close at 85k while Red Star Express dipped 5 19 per cent to close at N3 65 per share Mutual Benefits Assurance lost 4 76 per cent to close at 20k while NEM Insurance shed 3 72 per cent to close at N2 07 per share Also the total volume of shares traded increased by 120 36 per cent with an exchange of 302 01 million shares worth N2 628 billion in 3 854 deals This was against a total of 137 05 million shares valued at N920 53 million exchanged in 2 869 deals on Friday Transactions in the shares of UACN topped the activity chart accounting for 74 43 million shares valued at N425 23 million Zenith Bank followed with 23 89 million shares worth N400 40 million while United Bank for Africa traded 22 43 million shares valued at N141 15 million FBN Holdings traded 22 26 million shares worth N109 92 million while Access Bank transacted 18 02 million shares worth N112 15 million Edited By Olagoke Olatoye NAN
    NSE market indices gain 0.07%
     The nation s bourse on Monday closed the last trading day of August with a growth of 0 07 per cent following sustained positive sentiment Specifically the All Share Index rose by 17 76 points or 0 07 per cent to close at 25 327 13 compared with 25 309 37 achieved on Friday Similarly the market capitalisation improved by nine billion naira or 0 07 per cent to close at N13 213 trillion against N13 203 trillion posted on Friday The upturn was impacted by gains recorded in large and medium capitalised stocks amongst which are Mobil Nigeria Dangote Cement Lafarge Africa Vitafoam and BUA Cement Analysts at United Capital Plc said This week we expect to see some profit taking given the bullish performance in the last two weeks Mobil led the gainers chart in percentage terms appreciating by 10 per cent to close at N192 50 per share FTN Cocoa followed with 8 33 per cent to close at 26k while Royal Exchange garnered 7 69 per cent to close at 28k per share Vitafoam inched higher by 4 39 per cent to close at N5 71 while Lafarge Africa appreciated by 3 46 per cent to close at N11 95 per share Conversely C I Leasing topped the laggards chart in percentage terms with a loss of 10 per cent to close at N3 60 per share UACN Property trailed with a loss of 7 61 per cent to close at 85k while Red Star Express dipped 5 19 per cent to close at N3 65 per share Mutual Benefits Assurance lost 4 76 per cent to close at 20k while NEM Insurance shed 3 72 per cent to close at N2 07 per share Also the total volume of shares traded increased by 120 36 per cent with an exchange of 302 01 million shares worth N2 628 billion in 3 854 deals This was against a total of 137 05 million shares valued at N920 53 million exchanged in 2 869 deals on Friday Transactions in the shares of UACN topped the activity chart accounting for 74 43 million shares valued at N425 23 million Zenith Bank followed with 23 89 million shares worth N400 40 million while United Bank for Africa traded 22 43 million shares valued at N141 15 million FBN Holdings traded 22 26 million shares worth N109 92 million while Access Bank transacted 18 02 million shares worth N112 15 million Edited By Olagoke Olatoye NAN
    NSE market indices gain 0.07%
    Economy2 years ago

    NSE market indices gain 0.07%

    The nation’s bourse on Monday closed the last trading day of August with a growth of 0.07 per cent, following sustained positive sentiment.

    Specifically, the All-Share Index rose by 17.76 points or 0.07 per cent to close at 25, 327.13 compared with 25,309.37 achieved on Friday.

    Similarly, the market capitalisation improved by nine billion naira or 0.07 per cent to close at N13.213 trillion against N13.203 trillion posted on Friday.

    The upturn was impacted by gains recorded in large and medium capitalised stocks, amongst which are: Mobil Nigeria, Dangote Cement, Lafarge Africa, Vitafoam and BUA Cement.

    Analysts at United Capital Plc said, “This week, we expect to see some profit taking, given the bullish performance in the last two weeks.”

    Mobil led the gainers’ chart in percentage terms, appreciating by 10 per cent to close at N192.50 per share.

    FTN Cocoa followed with 8.33 per cent to close at 26k, while Royal Exchange garnered 7.69 per cent to close at 28k per share.

    Vitafoam inched higher by 4.39 per cent to close at N5.71, while Lafarge Africa appreciated by 3.46 per cent to close at N11.95 per share.

    Conversely, C & I Leasing topped the laggards’ chart in percentage terms, with a loss of 10 per cent to close at N3.60 per share.

    UACN Property trailed with a loss of 7.61 per cent to close at 85k, while Red Star Express dipped 5.19 per cent to close at N3.65 per share.

    Mutual Benefits Assurance lost 4.76 per cent to close at 20k, while NEM Insurance shed 3.72 per cent to close at N2.07 per share.

    Also, the total volume of shares traded increased by 120.36 per cent with an exchange of 302.01 million shares worth N2.628 billion in 3,854 deals.

    This was against a total of 137.05 million shares valued at N920.53 million exchanged in 2,869 deals on Friday.

    Transactions in the shares of UACN topped the activity chart, accounting for 74.43 million shares valued at N425.23 million.

    Zenith Bank followed with 23.89 million shares worth N400.40 million, while United Bank for Africa traded 22.43 million shares valued at N141.15 million.

    FBN Holdings traded 22.26 million shares worth N109.92 million, while Access Bank transacted 18.02 million shares worth N112.15 million.


    Edited By: Olagoke Olatoye (NAN)

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