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Nigerian Stock Investors Gained N432 Billion in 4 Hours on Monday

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Nigerian Exchange Limited - Investors King

Nigeria’s Stock Exchange Rose to 20-month High on Monday

Nigerian Stock Exchange (NSE) rose 2.65 percent in the early hours of Monday as local investors continue to dump money on Nigerian assets.

The market capitalisation of listed stocks gained N432 billion in the first hours of the trading day to hit N16.639 trillion from N16.207 trillion it closed on Friday. The highest in 20 months.

The NSE All-Index gained 2.65 percent or 827.96 basis points from 31,016.17 bps it settled on Friday to 31,844.13 bps in the early hours of Monday.

As of the time of writing, investors have traded 323.442 million shares valued at N5.106 billion in 3,766 transactions.

Dangote Cement’s impressive third-quarter results bolstered its attractiveness among local investors as it jumped 6.02 percent or N10.5 to N185 per share.

This was followed by MTN Nigeria 4.24 percent or 6.1 percent gain to settle at N150.1 a unit.

GTbank, Zenith Bank and Dangote Sugar followed with 4.78 percent or N1.6, 5.61 percent or N1.25 and 6.06 percent or N1 gains, respectively. See the details below.

Name Last High Low Chg. Chg. % Vol. Time  
  Northern Nigeria Flour Mills 6.05 0.00 0.00 +0.55 +10.00% 142.00K 10:54:00  
  Jaiz Bank 0.64 0.66 0.59 +0.04 +6.67% 2.02M 11:36:00  
  Airtel Africa 451.20 451.20 451.20 +0.00 +0.00% 0.23K 10:15:00  
  Linkassure 0.45 0.45 0.45 +0.00 +0.00% 414.00K 10:48:00  
  Livestock 1.16 1.16 1.16 +0.10 +9.43% 617.30K 11:18:00  
  Transcorp 0.930 0.930 0.930 +0.080 +9.41% 727.16K 11:15:00  
  Sterling Bank 2.000 2.000 1.770 +0.170 +9.34% 19.14M 11:37:00  
  Cutix 1.890 1.890 1.890 +0.160 +9.25% 9.81K 11:05:00  
  Nem 2.200 0.000 0.000 +0.150 +7.32% 0.37K 11:39:00  
  Firstcity Bnk 3.340 3.350 3.140 +0.250 +8.06% 5.23M 11:39:00  
  Julius Berger 18.40 0.00 0.00 +1.35 +7.92% 119.23K 11:39:00  
  Dangote Sugar 17.50 17.80 16.95 +1.00 +6.06% 17.01M 11:40:00  
  Okomu Oil Palm 86.00 0.00 0.00 +6.00 +7.50% 28.54K 11:31:00  
  Redstarex 3.48 0.00 0.00 +0.23 +7.08% 1.40K 11:39:00  
  United Capital 4.510 4.620 4.400 +0.300 +7.14% 6.63M 11:34:00  
  Mansard Ins 2.140 0.000 0.000 +0.140 +7.00% 3.53K 10:01:00  
  Nascon 15.00 0.00 0.00 +0.95 +6.76% 101.29K 11:37:00  
  Oando Plc 2.87 2.88 2.84 +0.18 +6.67% 913.63K 11:36:00  
  Fidelitybk 2.790 2.810 2.600 +0.170 +6.64% 9.52M 11:40:00  
  Dangote Cement 179.90 185.00 176.00 +10.50 +6.02% 1.98M 11:40:00  
  Cadbury Nig 8.90 0.00 0.00 +0.40 +4.71% 121.55K 11:38:00  
  Custodian Allied 5.85 5.85 5.85 +0.30 +5.41% 16.20K 10:58:00  
  Zenith Bank 23.60 23.95 22.95 +1.35 +6.05% 30.74M 11:40:00  
  University Pre 1.340 1.340 1.340 +0.060 +4.69% 0.07K 10:01:00  
  UBN 5.60 5.65 5.20 +0.25 +4.67% 3.22M 11:41:00  
  BUA Cement 41.75 45.00 41.75 -1.25 -2.91% 380.39K 11:38:00  
  Guaranty Trust Bank 35.00 36.30 33.25 +1.50 +4.48% 14.86M 11:40:00  
  Japauloil 0.24 0.23 0.23 +0.01 +4.35% 2.92M 11:23:00  
  MTN Nigeria 150.20 150.10 150.00 +6.10 +4.24% 7.33M 11:29:00  
  Mrs 12.90 0.00 0.00 +0.45 +3.61% 1.01K 11:37:00  
  Access Bank 8.50 8.80 8.50 +0.30 +3.66% 19.13M 11:41:00  
  Abctrans 0.32 0.32 0.32 +0.01 +3.23% 24.32K 11:12:00  
  Honyflour 1.000 1.020 1.020 +0.030 +3.03% 417.23K 11:40:00  
  Lafarge Africa 20.25 20.65 19.95 +0.60 +3.08% 5.11M 11:39:00  
  Glaxosmith 5.95 5.95 5.80 +0.15 +2.59% 5.80M 11:24:00  
  Neimeth 2.05 2.05 2.05 +0.05 +2.50% 10.69K 11:14:00  
  Npfmcrfbk 1.600 1.600 1.600 +0.050 +3.23% 328.99K 11:38:00  
  Flour Mills of Nigeria 27.50 27.65 27.60 +0.40 +1.47% 1.91M 11:28:00  
  International Breweries 6.55 6.55 6.55 +0.05 +0.77% 485.53K 11:40:00  
  FBN Holdings 6.95 7.20 6.80 +0.10 +1.46% 27.83M 11:40:00  
  Nahco 2.180 0.000 0.000 +0.030 +1.40% 131.44K 11:36:00  
  11 192.50 0.00 0.00 +2.50 +1.32% 5.39K 11:32:00  
  UBA 8.20 8.90 8.00 +0.05 +0.61% 25.91M 11:39:00  
  Uac-Prop 0.83 0.00 0.00 +0.01 +1.22% 0.56K 10:01:00  
  Forte Oil Plc 12.70 12.80 12.50 +0.15 +1.19% 776.61K 11:38:00  
  Aiico 0.93 0.94 0.93 +0.01 +1.09% 681.90K 11:20:00  
  UAC Of Nigeria 8.15 8.15 8.00 +0.20 +2.52% 1.22M 11:40:00  
  Guiness Nigeria 18.20 0.00 0.00 +0.70 +4.00% 790.41K 11:40:00  
  Maybaker 3.210 0.000 0.000 +0.010 +0.31% 109.45K 11:13:00  

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Nigerian Exchange Limited

Nigerian Equity Market Loses N289bn Amid Persistent Sell-Offs

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stock bear - Investors King

Amidst sustained sell-offs, the Nigerian equity market experienced a significant downturn, losing a whopping N289 billion in market capitalization on Monday.

The All-Share Index, a barometer of the market performance, declined by 0.49%, leading to a year-to-date return reduction of 39.27%.

This downturn brought the market capitalization down to N58.88 trillion.

Despite a few gainers, including Ellah Lakes, Morison Industries Plc, and SUNU Assurance, which recorded gains of 10%, 9.93%, and 9.48% respectively, the market was largely dominated by losers.

Dangote Sugar, International Energy Insurance, and Jaiz Bank led the pack of losers with declines of 10.00%, 10.00%, and 9.92% respectively.

The volume and value drivers for the day were the stocks of the National Infrastructure Development Fund, Jaiz Bank, and MTN Nigeria.

Investors traded a total of 306,821,620 shares valued at N11.38 billion in 9,343 deals.

Market analysts at Meristem Research projected a subdued performance for the week, citing anticipation of a rate hike by the Monetary Policy Committee (MPC).

This expected hike could lead to higher rates at the Treasury Bills auction scheduled for Wednesday, potentially driving investors towards higher yields in the fixed-income market.

Consequently, there might be minimal liquidity in the local bourse space, with investors possibly engaging in profit-taking activities on stocks that have experienced significant gains.

The persistent bearish trend in the Nigerian equity market underscores the cautious sentiment among investors amidst prevailing economic uncertainties and policy changes.

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Nigerian Exchange Limited

Nigerian Stock Market Moderates Last Week as Investors Lose N247 Billion

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stock - Investors King

The Nigerian stock market known as the Nigerian Exchange Limited (NGX) moderated by N247 billion last week following weeks of positive close.

During the week, investors exchanged a total of 1.735 billion shares worth N48.755 billion in 45,237 deals, in contrast to a total of 1.773 billion shares valued at N52.867 billion that exchanged hands in 44,713 deals in the previous week.

A further breakdown shows the Financial Services Industry led the activity chart with 1.273 billion shares valued at N31.077 billion that were traded in 23,066 deals. Therefore, contributed 73.36% and 63.74% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 123.237 million shares worth N1.772 billion in 3,205 deals.

The third place was the Consumer Goods Industry, with a turnover of 104.854 million shares worth
N5.292 billion in 6,166 deals.

United Bank for Africa Plc, FBN Holdings Plc and Access Holdings Plc were the three most traded equities and accounted for a combined 564.882 million shares worth N16.990 billion traded in 8,493 deals. The three contributed 32.56% and 34.85% to the total equity turnover volume and value respectively.

The NGX All-Share Index depreciated by 0.42% or 437.88 index points from 105,085.25 index points recorded in the previous week to 104,647.37 index points last week.

Market Capitalization also depreciated by N247 Billion to N59.169 trillion from N59.416 trillion in the previous week.

Similarly, all other indices finished lower with the exception of NGX Main Board, NGX CG, NGX Banking, NGX Pension, NGX Insurance, NGX ASeM, NGX AFR Bank Value, NGX MERI Growth, NGX Oil and Gas and NGX Industrial Goods which appreciated by 0.68%, 0.43%, 4.19%, 0.13%, 8.92%, 21.81%, 3.93%, 4.13%, 0.30%, and 0.57% respectively while the NGX Sovereign Bond index closed flat.

Fifty equities appreciated in price during the week lower than fifty-five equities in the previous week. Thirty-two equities depreciated in price higher than twenty-four in the previous week, while seventy-two equities remained unchanged, lower than seventy-five recorded in the previous week.

 

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Nigerian Exchange Limited

Nigerian Exchange Adds N74bn, Erases Three-Day Losses

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Nigerian Exchange Limited - Investors King

Following three consecutive days of bearish trading, the Nigerian Exchange Limited (NGX) rebounded on Thursday to register a gain of N74 billion, effectively erasing the previous losses.

The turnaround in market sentiment was a welcome relief for investors who had witnessed a downturn in the equity market.

The All-Share Index saw a notable climb of 0.13 percent to 104,387.47 points while market capitalization surged to N59.02 trillion.

This uptick in market performance propelled the bourse’s year-to-date return to 39.6 percent and highlighted the resilience of Nigeria’s capital market amidst challenging economic conditions.

Market activity saw a significant surge, with trading volume rising by 12.78 percent to 336.82 billion units and the value of transactions appreciating by 35.74 percent to N9.29 billion.

Total deals also saw an uptick, increasing by 6.57 percent to 8,790.

Despite recording more losers than gainers, certain stocks experienced notable gains, with companies like Juli Plc, Transcorp, International Energy Insurance, ETranzact, and Guinea Insurance witnessing substantial increases in their share prices.

Conversely, top decliners included DeapCap, Tourist, Computer Warehouse Group, Caverton, and Omatek.

The banking, insurance, and industrial goods sectors led the market gains, with each posting positive performances.

However, the consumer goods sector experienced a slight decline, while the oil and gas sector remained relatively flat.

Investors showed renewed confidence in the market, with United Bank for Africa emerging as the most traded security by volume, while Nestle led in traded value.

The market’s resurgence comes amidst notable developments, including PZ Cussons’ failed bid to delist from the Nigerian Exchange, impacting minority investors and prompting analysts to assess its potential implications on the company’s future strategies and shareholder value.

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