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The Nigerian Exchange Ltd. (NGX) on Friday gained N18 billion or 0.7 per cent as market capitalisation closed at N24.112 trillion from N24.094 trillion recorded on Thursday.
Also, the All-Share Index (ASI) increased by 32.48 basis points or 0.7 per cent to close at 44, 269.18 as against 44,236.70 posted the previous day.
Consequently, the year-to-date (YTD) return rose to 3.63 per cent.
Buying interest in stocks of GEREGU and United Bank for Africa (UBA) was the sole driver of the market’s performance.
A breakdown of the price movement table showed that FTN Cocoa topped the gainers’ table with a gain of 9.68 per cent to close at 34k per share.
Regency Alliance Insurance and Linkage Insurance trailed with a gain of 8.33 per cent each to close at 26k, and 29k per share, respectively.
Geregu Power was up by 8.21 per cent to close at N120, while Trans Nationwide Express appreciated by 8.11 per cent to close at 80k per share.
Conversely, Custodian Insurance led the losers’ table, dropping by 9.23 per cent to close at N5.90 per share.
Chams followed with a loss of eight per cent to close at 23k, while Academy Press declined by 6.67 per cent to close at N1. 26 per share.
Jaiz Bank decreased by 5.05 per cent to close at 94k, while Cap fell by 4.79 per cent to close at N16.90 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 132 per cent.
A total of 663.82 million shares valued at N4.42 billion were exchanged in 3,417 deals compared with 139.24 million shares valued at N1.60 billion exchanged in 3, 421 deals on Tuesday.
FTNCocoa recorded the highest volume of 350.24 million shares to close at N108.59 million, followed by Access Holdings which traded 190.37 million shares valued at N1.52 billion.
Fidelity Bank sold 43.27 million shares at N177.42 million and Guaranty Trust Holding Company (GTCO) transacted 19.64 million share at N345.68 million.
Also, Geregu Power sold 134.41 million share worth N1.38 billion.
NewsSourceCredit: NAN
Trading activities on the Nigerian Exchange Ltd. (NGX) continued to decline as all indices fell by 0.21 per cent amid sustained sell pressure on some large and medium stocks.
Specifically, the market capitalisation shed N50 billion or 0.21 per cent, to close at N23.827 trillion as against N23,877 trillion recorded on Monday.
Also, the All Share Index (ASI) declined by 93.35 basis points or 0.21 per cent, to close at 43,745.73 from N43,839.08 posted at the previous session.
Consequently, the year-to-date (YTD) return dipped to 2.41 per cent,
Market breadth closed negative with 18 stocks on the laggards’s table, while 14 stocks gained.
NAHCO led the losers’ chart in percentage terms by 9.35 per cent to close at N6.20 per share.
Regency Alliance insurance followed with 4.35 per cent to close at 24k, while UPDC shed 4.21 per cent to close at 99k per share.
AIICO lost 3.64 per cent to close at 57k while LASACO shed 3.57 per cent to close at 87k per share.
Conversely, Julius Berger dominated the gainers’ chart in percentage terms with 9.46 per cent to close at N23.45 per share.
Seplat followed with 8.33 per cent to close at N1, 100, while Chams rose by eight per cent to close at 23k per share.
Linkage Assurance garnered 7.69 per cent to close at 36k, while UACN appreciated by 6.15 per cent to close at N8.40 per share.
Analysis of today’s market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 15.68 per cent
A total of 172.87 million shares valued at N4.01 billion were exchanged in 4,110 deals.
NewsSourceCredit: NAN
The Nigerian equities market on Thursday reversed its three-day bullish streak due to profit-taking, mainly in stocks of Airtel Africa.
Accordingly, investors gained N127 billion or 0.52 per cent as market capitalisation went down to N24.306 trillion from N 24.433 trillion the previous day.
Accordingly, the All-Share Index (ASI) declined by 234.6 points or 0.52
per cent to 44,625.18 from 44.859.78 recorded on Wednesday.
Consequently, the Year-to-Date (YTD) gain moderately to 4.5 per cent.
The market sentiment was positive as 11 stocks gained relative to nine losers.
Regent Alliance Insurance led the gainers’ chart in percentage terms by 8.7 per cent each to close at 25k per share.
Sovereign Trust Insurance followed with eight per cent to close at 27k, while Japaul Gold and Ventures was up by 7.41, per cent to close at 29k, per share.
Conerstone Insurance rose by 4.17 per cent to close at 50k, while UACN gained 4.07 per cent to close at N8.95, per share.
On the other hand, Phamadeko led the losers’ chart in percentage terms by 9.76 per cent to close at N1.85 per share.
Linkage Assurance followed with a decline of 9.3 per cent to close at 39k, while WAPIC Insurance lost 8.33 per cent to close at 33k per share.
ABC Transport dropped by 7.41 per cent to close at 25k, while AIICO shed 3.45 per cent to close at 56k per share.
The total volume traded decreased by 22 per cent to 153.52 million units valued at N2.22 billion exchanged in 4,041 deals.
The total volume traded increased by 61.4 per cent to 150.97 million units, valued at 1.55 billion, and exchanged in 2,905 deals.
NewsSourceCredit: NAN
Trading activities on the Nigerian Exchange Ltd. (NGX) rebounded marginally on Thursday by N7 billion, halting three consecutive days of bearish trend due to sustained bargain-hunting.
Specifically, the market capitalisation which opened at N24.139 trillion rose by N7 billion or 0.03 per cent to close at N24.146 trillion.
Also, the All-Share Index increased by 14.06 points or 0.03 per cent to close at 44,332.21 against 44,318.15 achieved on Wednesday.
As a result, the year-to-date (YTD) return stood at 3.78 per cent,
The gains were driven by price appreciation in large and medium capitalised stocks amongst which are Dangote Suga, WAPCO and Stanbic Bank.
Consequently, market sentiment was flat with 17 stocks recording gains and losses, respectively.
CWG led the gainers’ table in percentage terms, gaining 10 per cent each to close 80k per share
Livestock Feeds and BOC Gases trailed with 9.59 per cent to close at 80k per share.
UPDC Real Estate Investment followed with a gain of 8.93 per cent to close at N3.05, while Japaul Gold and Ventures grew by 7.69 per cent to close at 28k per share.
WAPIC Isurance rose by 5.88 per cent to close at 36k, while Dangote Sugar increased by 3.92 per cent to close at N15.90 per share.
On the other hand, Beta Glass Company led the losers’ chart in percentage terms, losing 9.98 per cent each to close at N46.10 per share.
Aluminium Extrusion Industries shed 9.72 per cent to close at N7.20 per share.
Mutual Benefits Assurance and RTBriscoe dipped by 9.68 per cent each to close at 32k per share, respectively.
Regency Alliance Insurance dropped by 7.69 per cent to close at 26k per share.
Analysis of today’s market activities showed that trade turnover closed lower with the value of transactions down by 12.87 per cent.
The total volume of shares traded grew by 23.7 per cent with an exchange of 199.22 million shares worth N3.201 billion exchanged in 2,909 deals.
This was in contrast with a total of 525.01 million shares worth N5.34 billion transacted in 5,965 deals on Tuesday.
Fidelity Bank topped the activity chart with 39.36 million shares valued N149.02 million.
Guaranty Trust Holding Company (GTCO) came second with 83.19 million shares worth N15.4 million, while Japaul Gold and Ventures accounted for 6.8 million shares valued N1.85 million.
Jaiz Bank sold 4.44 million shares worth N3.89 million, while Access Holdings transacted 4.35 million shares valued at N35.44 million.
NewsSourceCredit: NAN
The equity market recorded a loss of N78 billion or 0.29 per cent on Tuesday as market capitalisation closed at N26.373 trillion compared with N26.451 trillion posted on Friday.
Similarly, the All-Share Index dipped by 144.42 points or 0.29 per cent to close at 48, 879.74 from 49,024.16 recorded on Friday.
Selloffs in Tier-one banks such as Zenith Bank, Access Holding, FBN Holding and Guaranty Trust Holding Company (GTCO) were the primary drivers of the market’s weak performance.
As a result, the year-to-date (YTD) return fell to 14.43 per cent.
Analysts at Vetiva Securities Ltd. said, “We expect another mixed day of trading tomorrow, amid bargain hunting activities across board as investors continue to tread cautiously in the market.
”
Overall there were nine gainers and 21 losers, with Multiverse Mining and Exploration leading the gainers’ chart with 9.76 per cent to close at N4.05 per share.
RTBriscoe followed with a rise of 8.82 per cent to close at 37k, while NGX Group gained by 7.5 per cent to close at N21.50 per share.
AIICO Insurance rose by 5.77 per cent to close 55k per share.
Africa Prudential appreciated by four per cent to close at N5.20.
Conversely, International Breweries led the losers’ chat with a depreciation of 9.09 per cent to close at N4.50 per share.
Red Star Express declined by 7.83 per cent to close at N2.12, while Sovereign Trust Insurance went down by 7.41 per cent to close at 25k per share.
Japaul Gold and Ventures fell by 7.14 per cent to close at 26k per share.
Also, Consolidated Hallmark Insurance lost by 7.02 per cent to close at 53k per share.
A total of 125.95 million shares valued at N3.07 billion were exchanged in 4.145 deals.
GTCO recorded the highest volume of 17.19 million shares traded worth N1.26 billion.
Zenith Bank followed, having sold 14.39 million shares valued at N283.88million.
United Bank for Africa(UBA) traded 10.67 million shares worth N73.19 million, while NGX Group sold 8.35 million shares amounting to N173.92 million.
Also, Chams sold 6.78 million shares worth 1.87 million.
NewsSourceCredit: NAN
The domestic stock market on Tuesday closed on a negative note, with market capitalisation shedding N15 billion or 0.56 per cent to close at N26.517 trillion as against N26.532 trillion recorded the previous day.
Also, the All-Share Index (ASI) lost 27. 87 points or 0.56 per cent to close at 49,161.45 compared with 49,189.32 recorded on Monday.
The weak performance was driven by sell-off in shares of Guaranty Trust Holding Company (GTCO),United Bank for Africa (UBA), Access Holding and FBN Holdings.
Consequently, the year-to-date (YTD) return fell to 15.09 per cent.
Market breadth closed negative as 17 stocks declined while 14 advanced.
NGX Group and Multiverse Mining & Exploration led the gainers’ table during the day, gaining 10 per cent each to close at N19.80 and N3.41 per share.
Eterna followed by gaining 9.91 per cent to close at N6.32, while Courteville Business Solutions added by 8.89 per cent to close at 49k per share.
Champion Breweries appreciated by 8.53 per cent to close at N3.69 per share.
On the other hand, May & Baker topped the losers’ chart, shedding 9.79 per cent to close at N3.50 per share.
Regency Alliance Insurance trailed with a loss of 7.69 per cent to close at 24k, while Vitafoam Insurance declined by 5.38 per cent to close at N20 per share.
Unilever and Glaxosmith were down by 5.38 per cent and 5.08 per cent each to close at N12.30k and N5.60 per share, respectively.
A total of 139.24 million shares valued at N1.60 billion were exchanged in 3, 421 deals, compared to .
Transcorp was the most active stock, exchanging 38.46 million shares worth N38.99 million.
Zenith Bank followed with an account of 35.74 million shares valued at N710.83 million, while FCMB traded 30.19 million shares worth N105.61 million.
Vitafoarm sold 18.13 million shares valued at N362.77 million, while Linkage Assurance exchanged 8.89 million shares worth N4.18 million.
NewsSourceCredit: NAN
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
Trading on Nigerian Exchange Ltd. (NGX) gained marginally on Tuesday as market capitalisation increased by N3 billion or 0.01 per cent to close at 26.670 trillion against N26.667 trillion on Monday.
Similarly, the All Share Index appreciated by 5.10 basis points or 0.01 per cent to close at 49,445.31 against 49,440.21 on Monday.
Consequently, the year-to-date (YTD) return increased to 15.75 per cent.
Investors’ demand in shares of Tier-one banks such as FBN Holdings and Zenith Bank drove the performance of the market.
Also, equities that participated in the trading ended with 11 gainers and 14 losers.
A breakdown of the price movement table indicated that RT Briscoe led the gainers’ table, growing by 10 per cent to close at 33k per share.
FBN Holdings followed with a gain of five per cent to close at N10.50 and Linkage Asurance gained by 4.35 per cent to close at 48k per share.
Regency Alliance Insurance appreciated by four per cent to close at 26k, while Mutual Benefits Assurance increased by 3.70 per cent to close at 28k per share.
On the other hand, Total topped the losers’ chart, dropping by 9.98 per cent to close at N211.10 per share.
Learn Africa trailed with a loss of 9.71 per cent to close at N1.86 and Honeywell Flour Mills dropped by 8.13 per cent to close at N2.26 per share.
Cutix was down by 6.98 per cent to close at N2, while NPFi Mcrofinance declined by 6.63 per cent to close at N1.55 per share.
In all, the volume of trade rose by 61.72 per cent as investors bought and sold 147.59 million shares valued at N2.39 billion transacted in 3,323 deals.
This was in contrast with 67.37 million shares worth N1.48 billion exchanged in 3,386 deals on Monday.
Guaranty Trust Holding Company (GTCO) was the toast of investors with an exchange of 35.82 million shares worth N693.69 million.
It was trailed by Capital Hotel having accounted for 21.57 million shares valued at N73.54 million and FBN Holdingss sold 20.01 million shares worth N208.92 million.
Zenith Bank traded 11.09 million shares valued at N219.15 million, while Chams sold 7.87 million shares worth N2.35 million.
NewsSourceCredit: NAN
The Nigerian Exchange Ltd., (NGX) began the week on a losing note as market capitalisation shed N19 billion or 0.07 per cent to close at N26.667 trillion from N26.686 trillion on Friday.
Also, All-Share Index dropped by 35.21 basis point or 0.07 per cent to close at 49,440.21 from 49,475.42 recorded at the previous session.
The year-to-date (YTD) return fell to 15.74 per cent.
Analysts at GTI Research said, “Domestic market begins the week negative as Investors reaction to inflation spike continues.
“We expect cautious trading to continue while investors adjust to the new 20.52 per cent inflation rate.
”
The market breath closed flat as as 11 stocks advanced and 11 stocks declined.
E-Tranzact International led the gainers’ table during the day, gaining by 9.97 per cent to close at N3.20 per share.
Academy Press followed with a gain of 9.52 per cent to close at N1.84, while Vitafoam inched higher by five per cent to close at N21 per share.
Honeywell Flour Mill grew by 3.36 per cent to close at N2.46 per share.
Cornerstone Insurance appreciated by 3.33 per cent to close at 62k per share.
On the other hand, Associated Bus Company topped the losers’ chart, depreciating by 10 per cent to close at 27k per share.
University Press trailed with a loss of 9.44 per cent to close at N1.63, while Mutual Benefits Assurance declined by 6.90 per cent to close at 27k per share.
RT Briscoe was down by 6.25 per cent to close at 30k, while Courteville Business Solutions lost by 6.12 per cent to close at 40k per share.
Investors traded a total of 67.37 million shares valued at N1.48 billion in 3,386 deals, representing 37.33 per cent decrease in volume.
This was against the 107.49 million shares worth N1.15 billion exchanged in 3,303 deals the previous trading day.
First Bank of Nigeria Holdings was the most active stock, exchanging 9.67 million shares worth N96.56 million.
Zenith Bank followed with an account of 9.25 million shares valued at N182.39 million, while Guaranty Trust Holding Company (GTCO) sold 6.11 million shares valued at N120.4 million,
Mutual Benefits traded 4.49 million shares worth N1.25 million, while Sovereign Trust Insurance exchanged 2.95 million shares worth N797, 719.
NewsSourceCredit: NAN
Profit-taking continued on Thursday as the market capitalisation of the Nigerian Exchange Ltd. (NGX) lost N19 billion to close at N26.721 trillion as against N26.740 trillion the previous day.
The All Share Index (ASI) also decreased by 35.45 points or 0.07 per cent to close at 49,540.48 compared with 49,575.93 on Wednesday.
The downturn was impacted by losses recorded by Guaranty Trust Holding Company (GTCO), First Bank of Nigeria Holding (FBNH) and Access Holding, leading to the market’s overall poor performance.
The year-to-date (YTD) return slipped to 15.98 per cent; market breadth closed negative as 17 stocks declined, while eight gained.
Sovereign Trust lnsurance recorded the highest price gain of 3.85 per cent to close at 27k per share.
Cadbury Nigeria followed with a gain of 2.69 per cent to close at N13.35, while Courteville Business Solutions appreciated by 2.08 per cent to close at 49k, per share.
Zenith Bank rode by 0.77 per cent to close at N19.65, while UBA appreciated by 0.68 per cent to close at N7.45 per share.
On the other hand, UACN Property Development Company led the losers’ chart by 6.82 per cent to close at N10.25 per share.
Vitafoam and UPCredit followed with a decline of 5.88 per cent each to close at N20 and N3.20 per share, respectively.
UPDCO lost five per cent to close at 95k, while Consolidated Hallmark Insurance shed 0.84 per cent to close at 59k per share.
Also, the total volume traded declined by 57.03 per cent to 167.61 million units, valued at N1.27 billion exchanged in 3,458 deals.
Transactions in the shares of Courteville Business Solutions topped the activity chart with 38.81 million shares valued at N18.25 million.
Access Holdings followed with 28.47 million shares worth N249.36 million, while Fidelity Bank traded 10.82 million shares valued at N36.91 million.
Transcorp traded 10.69 million shares valued at N11.27 million, while Consolidated Hallmark Insurance transacted 9.22 million shares worth N52.96 million.
NewsSourceCredit: NAN
