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Nigerian Stock Exchange Weekly News: Stock Investors Gain N747 Billion Last Week

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Nigerian Stock Exchange Gained N747 Billion Last Week to Close at N14.852 Trillion

Stock investors made N747 billion last week as Nigerian Stock Exchange market capitalisation rose above N15 trillion before pulling back to N14.852 trillion on Friday.

Investors traded 3.140 billion shares worth N35.372 billion in 35,099 deals during the week, against a total of 1.532 billion shares valued at N16.901 billion that were traded in 17,882 deals in the previous week.

In terms of volume traded, the financial services sector led with 2.325 billion shares worth N25.816 billion that exchanged hands in 21,306 transactions. The sector contributed 74.05 percent and 72.99 percent to the total equity turnover volume and value, respectively.

The oil and gas sector came second with 200.567 million shares valued at N1.012 billion in 1,977 transactions. Industrial goods sector came third with a turnover of 149.200 million shares valued at N3.631 billion in 2,991 deals.

The top three most traded equities during the week were Zenith Bank Plc, FBN Holdings Plc and United Bank for Africa Plc. The three accounted for a combined 1.236 billion shares worth N15.724 billion exchanged in 9,774 deals and contributed 39.36 percent and 44.45 percent to the total equity turnover volume and value, respectively.

The Nigerian Stock Exchange Market Capitalisation rose by N747 billion or 5.30 percent from N14.105 trillion recorded in the previous week to N14.852 trillion last week, while the Nigerian Stock Exchange Index gained 1,429.54 basis points or 5.30 percent from 26,985.77 bps achieved in the previous week to 28,415.31 bps last week.

Nigerian Stock Exchange year-to-date gain stood at 5.86 percent and 5.90 percent in October and this ongoing quarter.

Top Gainers and Losers in the Nigerian Stock Market

Below are top ten gainers and losers on the Nigerian Stock Exchange last week.

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.

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Bonds

Federal Government of Nigeria: Listing of the two (2) FGN Savings Bonds Issued in July 2021

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Trading Licence Holders are hereby notified that the July 2021 Issue of the Federal Government of Nigeria (FGN) Savings Bonds were listed on the Nigerian Exchange Limited on 26th July 2021.

Below are the details of the Bonds:

Bond - Investors King

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Dividends

Two Dividends Declare Last Week

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Dividend - Investors King

Cutix Plc and Custodian Investment are two listed companies that declared Dividends last week as listed below.

CUTIX PLC.

Proposed Dividend: ₦0.15
Proposed Bonus: 1 FOR 1
Qualification Date: 11/12/2021
AGM Date: 11/26/2021
Payment Date: 11/29/2021.

Closure of Register Date: 11/15/2021

CUSTODIAN INVESTMENT PLC.

Proposed Dividend: ₦0.10
Proposed Bonus: null FOR null
Qualification Date: 8/20/2021
AGM Date:
Payment Date: 9/1/2021
Closure of Register Date: 8/23/2021

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Nigerian Stock Exchange

Equities Investors Lose N63 Billion Last Week

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The Nigerian Exchange Limited (NGX) returned to bearish last week despite strong second-quarter reports from listed companies.

Investors traded total shares of 1.374 billion worth N11.823 billion in 22,982 transactions last week, against a total of 896.174 million shares valued at N5.235 billion that exchanged hands in 11,714 deals in the previous week.

In terms of volume traded, the financial services industry led the activity chart with 715.394 million shares valued at N4.745 billion traded in 10,274 deals. Therefore, contributing 52.06 percent and
40.13 percent to the total equity turnover volume and value, respectively.

The Conglomerates Industry followed with 212.340 million shares worth N517.613 million in 1,060 deals. The third place was Oil and Gas Industry, with a turnover of 153.440 million shares worth N1.597 billion in 3,076 deals.

Transnational Corporation Of Nigeria Plc, Oando Plc and Fidelity Bank Plc were the three most traded equities during the week. The three accounted for 378.863 million shares worth N995.477 million in 2,998 deals, therefore, they contributed a combined 27.57 percent and 8.42 percent to the total equity turnover volume and value, respectively

The NGX All-Share Index declined by 0.31 percent or 120.82 index points from 38,667.90 index points posted in the previous week to 38,547.08 index points last week.

Similarly, market capitalization depreciated by 0.31 percent or N63 billion to close at N20.084 trillion last week, down from N20.147 trillion.

All other indices finished lower with the exception of NGX Premium, NGX Consumer Goods, NGX Oil/Gas and NGX Sovereign Bond indices which appreciated by 0.02 percent, 0.06 percent, 3.84 percent and 1.97 percent respectively, while the NGX ASeM and NGX Growth Indices closed flat.

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