Connect with us

Stock Market

Stock Market Resumes Bearish Trend on Friday as Seplat, BUA, Others Decline

Published

on

Nigerian Stock Exchange

NSE Resumes Downward Trend as Seplat, BUA, Others Decline

Seplat led losers on Friday to force the Nigerian Stock Exchange to resume its bearish trend started in June.

The market capitalisation of listed equities declined by N44 billion from N12.787 trillion it closed on Thursday to N12.743 trillion on Friday.

While the NSE All-Share Index declined by 0.34 percent from 24,512.27 basis points to 24,427.73 bps on Friday.

However, activity level was positive as investors traded 174.199 million shares valued at N2.385 billion in 3,723 transactions, against 164.289 million shares valued at N164.289 million in 2,986 transactions on Thursday. See the details below.

Top Trades by Volume

Symbols Volume Value
ZENITHBANK 34,572,651 N537,548,153.05
FBNH 28,129,228 N140,124,045.50
UBA 14,495,062 N87,932,053.55
ACCESS 9,761,665 N60,345,387.15
NB 9,718,219 N301,305,104.80

Top Gainers

Symbols Last Close Current Change %Change
JBERGER N15.5 N17.05 1.55 10.00%
STANBIC N29 N30 1 3.45%
CUSTODIAN N5 N5.5 0.5 10.00%
DANGSUGAR N11.7 N11.9 0.2 1.71%
NAHCO N2.03 N2.2 0.17 8.37%

Top Losers

Symbols Last Close Current Change %Change
SEPLAT N386 N347.4 -38.6 -10.00%
BUACEMENT N40 N39 -1 -2.50%
UNILEVER N12.85 N12.25 -0.6 -4.67%
UBA N6.1 N6 -0.1 -1.64%
WAPCO N11 N10.95 -0.05 -0.45%

 

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Stock Market

Moderna Shares Jumped 20.24 Percent After Announcing Plans to Seek Approval for COVID-19 Vaccine in US and Europe

Published

on

COVID-19 Vaccine: Moderna to Seek Emergency Authorisation in US, Europe

The share price of Moderna, an American Biotechnology company, rose by 20.24 percent or $25.71 on Monday after the company announced plans to apply for US and European emergency authorisation for its COVID-19 vaccine that it claimed was 100 percent effective in preventing severe cases and 94.1 percent on the regular.

Tal Zaks, Moderna Chief Medical Officer, said “We believe that we have a vaccine that is very highly efficacious. We now have the data to prove it.”

“We expect to be playing a major part in turning around this pandemic,” Zaks stated.

This is coming two days after the United Kingdom ordered 40 million doses of Pfizer and BioNTech COVID-19 vaccine and announced plans to commence usage as early as December 7th.

Continue Reading

Stock Market

Stock Market Opens in The Red on Monday as Dangote Sugar, Zenith Bank, Others Led Losers

Published

on

Nigerian Stock Exchange

Nigerian stock market opened the week in the red following consecutive weeks of strong performance.

In the early hours of the day, investors traded 121.196 million shares valued at N985.177 million in 2,572 transactions.

The Nigerian Stock Exchange market capitalisation dipped by N51 billion from N18.288 trillion to N18.177 trillion. While the NSE All-Share Index declined by 0.29 percent to 34,784.54 index points.

N Nigeria Flour Mills Plc led losers with a 10 percent decline. Followed by Neimeth, Dangote Sugar, Zenith Bank and Guaranty Trust Bank with 9.63 percent, 3 percent, 1.23 percent and 0.86 percent, respectively. See the details below.

Top Trades

Symbols Volume Value
TRANSCORP 19,644,249 N19,905,215.96
MBENEFIT 18,107,400 N3,918,776.00
ZENITHBANK 14,802,655 N356,221,166.85
MANSARD 10,056,283 N25,438,143.39
ACCESS 7,420,108 N63,444,003.35

Top Gainers

Symbols Last Close Current Change %Change
MANSARD N2.34 N2.49 0.15 6.41%
NEM N2.47 N2.55 0.08 3.24%
UPL N1.38 N1.41 0.03 2.17%
CUTIX N1.7 N1.73 0.03 1.76%
LIVESTOCK N1.3 N1.33 0.03 2.31%

Top Losers 

Symbols Last Close Current Change %Change
NNFM N7.7 N6.93 -0.77 -10.00%
DANGSUGAR N20 N19.4 -0.6 -3.00%
ZENITHBANK N24.45 N24.15 -0.3 -1.23%
GUARANTY N35 N34.7 -0.3 -0.86%
NEIMETH N2.7 N2.44 -0.26 -9.63%

Continue Reading

Stock Market

Nigerian Stock Exchange Leads Global Stocks, Year-to-date Gain Increased to 30% Last Week

Published

on

stock bull

Nigerian Stock Exchange sustained its bullish momentum last week as investors traded a total turnover of 1.816 billion shares valued at N25.791 billion in 31,665 deals.

This was below the 11.400 billion shares worth N35.892 billion transacted in 39,265 deals in the previous week. However, the Exchange managed to sustain its global lead as sentiment remained high despite the economic recession and a series of other uncertainties.

In terms of volume traded, the financial services industry led with 1.274 billion shares estimated at N14.710 billion that exchanged hands in 18,392 deals. Therefore, contributing 70.15 percent and 57.04 percent to the total equity turnover volume and value, respectively.

The conglomerates industry followed with 217.170 million shares valued at N231.809 million and exchanged in 1,226 deals. In third place was the consumer goods industry with a turnover of 113.760 million shares valued at N2.598 billion in 4,568 deals.

Zenith Bank Plc, Transnational Corporation of Nigeria Plc and Access Bank Plc led the most traded stocks in terms of volume. Together, the three accounted for 649.529 million shares valued at N8.104 billion in 6,395 deals and contributed 35.76 percent and 31.42 percent to the total equity turnover volume and value, respectively.

The market capitalisation of listed equities expanded by 2.19 percent to settle at N18.228 trillion while the NSE All-Share Index also gained 2.19 percent or 748.69 index points to 34,885.51 index points, up from 34,136.82 index points recorded in the previous week.

The bourse year to date return rose to 29.97 percent, the highest performer among Bloomberg tracked 93 global stocks. NSE Premium index led with 47.85 percent year-to-date gain while the NSE AFR Div Yield Index trailed with 47.82 percent gain. See the list of top gainers and losers for the week below.

Continue Reading

Trending