Nigerian Stock Exchange Gained N181 Billion This Week
The Nigerian Stock Exchange gained for five consecutive days this week to close the week strong. This is coming amid mixed second-quarter earnings reports from various listed companies.
The Exchange gained N181 billion or 1.41 percent from N12.882 trillion it closed last week before the Sallah holiday to N13.063 trillion this week. While the market capitalisation of listed stocks expanded by 1.41 percent or 348.16 basis points from 24,693.7 bps it closed last week to 25,041.89 bps this week.
During the week, investors traded 1.065 billion shares valued at N10.798 billion in 20,482 transactions, more than the 421.984 million shares valued at N5.337 billion that were traded in 11,801 deals in the previous week.
The sectoral analysis showed the Financial Services sector led in terms of volume traded with 677.301 million shares worth N5.070 billion in 10,386 deals. Therefore, contributing 63.59 percent and 46.95 percent to the total volume traded for the week.
This was followed by the Conglomerates sector with 153.384 million shares worth N580.216 million exchanged in 894 transactions. Industrial Good sector came third with 57.404 million shares valued at N861.263 million traded in 1,671 deals.
In terms of the most traded equities, FBN Holdings Plc, UACN Plc and Access Bank Plc led with a combined 320.196 million shares worth N1.802 billion in 2,639 deals. The three contributed 30.06 percent and 16.69 percent to the total equity turnover volume and value, respectively.
A break down of the week turnover revealed that investors traded 186,481,739 shares valued at N1,309,755,694 in 4,718 transactions on Monday. On Tuesday, a total turnover of 154,467,244 shares worth N1,457,531,880 was exchanged in 4,222 deals.
Investors traded 383,289,488, 173,748,425, and 167,139,054 shares valued at N3,892,572,516, N2,132,848,753 and N2,005,566,396 in 3,860 deals, 3,646 deals and 4,036 deals on Wednesday, Thursday and Friday, respectively.
So far this quarter, the bourse has gained 2.30 percent to moderate the year-to-date decline to 6.71 percent.
Stock Market Extends Bullish Run in December, Opens the Month With 0.30% Gain
Nigerian stock investors continued to dump more funds on Nigerian equities in December as the Nigerian Stock Exchange opened the month on a positive strong note.
The NSE All-Share Index gained 0.30 percent to settle at 35,147.62 index points while the market capitalisation rose by N56 billion from N18.309 trillion recorded on Monday to settle at N18.365 trillion on Tuesday.
Investors traded 308.181 million shares valued at N3.403 billion in 35,147.62 index points during the trading hours of Tuesday.
Access Bank led the most traded stock 43,368,357 shares worth N376,476,921.75. While First Bank followed with 31,934,748 shares valued at N229,789,381.55. See the details below.
Insider Dealing: MD of Fidelity Bank Acquires 5 Million Shares of Fidelity
Mrs. Nneka Onyeali-Ikpe, the Managing Director and Chief Executive Officer (CEO) Designate, Fidelity Bank Plc, purchased 5,000,000 shares of Fidelity Bank on Monday, November 30, 2020.
The management disclosed this in a statement forwarded to the Nigerian Stock Exchange (NSE).
Onyeali-Ikpe purchased the shares in five different transactions, according to the statement signed by Ezinwa Unuigboje, the Company Secretary, Fidelity Bank Plc.
It said 260,190 shares were acquired at N2.52 per share. While 400,000; 130,000; 2,870,000 and 1,339,810 shares were purchased at N2.55; N2.58; N2.60 and N2.56, respectively.
Aggregate information revealed the 5,000,000 shares were acquired at an average price of N2.56 per share. See the details below.
Despite Opening in Red, The Nigerian Stock Exchange Closed in Green
The Nigerian Stock Exchange closed positive on Monday despite opening the day in the red.
The market capitalisation rebounded from the N51 billion decline recorded earlier in the day to close with N21 billion profit at N18.309 trillion market value.
Similarly, the NSE All-Share Index recovered from a 0.29 percent dip to gain 0.45 percent and closed the day at 35,042.14 index points.
Investors traded 415.531 million shares valued at N4.898 billion in 5,267 transactions during the trading hours of Monday.
Airtel Africa led the most traded stocks with a N53.5 gain to close at N588.5 per share. MTN Nigeria came second with a 20 kobo gain to close at N155.2 a single share. See the details below.
First Bank, GTBank, UBA, Others Generate N133.92 Billion from Electronic Payment in Nine Months
Viral Click Network to Revolutionize Digital Marketing for Blockchain Projects
Ghana/Kenya: Eurobonds to Decouple as Fiscal Challenges Come to Fore
Business2 months ago
Npower News on Permanency for Batch A, B
Business2 months ago
Buhari Budgets N420 Billion for Npower, Other Social Investment Programmes in 2021 Budget
Forex2 months ago
Naira Improves Against Global Counterparts on Black Market
Forex3 months ago
Zenith Bank Joins Other Banks to Cap International Spend Limit at $100/Month
Cryptocurrency2 months ago
Bitcoin Gains 1.67 Percent to $11,050 Per Coin Amid Liquidity Issue
Business3 months ago
FG to Absorb Exited N-power Beneficiaries into New Program
Business3 months ago
FG Approves Stipends for Exited N-Power Beneficiaries
Stock Market3 months ago
Zenith Bank Declares 30 Kobo Interim Dividend for H1 2020