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Nigeria’s Stock Market Gained N1.09 Trillion on Thursday to Force NSE to Halt Trading

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Nigerian Exchange Limited - Investors King

The Nigerian Stock Exchange (NSE) gained N1.09 trillion on Thursday as local investors continue to dump huge money on Nigerian assets despite the weak economic fundamentals and falling demands.

In a shocking move, investors traded a record 1.193 billion shares worth N17.396 billion in 10,704 deals during the trading hours of Thursday. The highest in over five years.

The market capitalisation of listed equities rose by N1.09 trillion from N17.380 trillion on Wednesday to N18.468 trillion on Thursday. While the NSE All-Share Index gained 6.23 percent or 2,074.1 index points from 33,268.36 index points posted on Wednesday to settle at 35,342.46 index points on Thursday. Also, the highest single-day gain in over half a decade.

The unrestrained surged in the prices of listed equities triggered a circuit breaker after the Exchange gained over the 5 percent threshold for a single day by the NSE. The market was shut down for 30 minutes.

Zenith Bank led the most traded stock with 161.383 million shares valued at N4.463 billion. See the details below.

Stock Market’s Top Trades

Symbols Volume Value
ZENITHBANK 161,383,290 N4,462,744,025.80
FBNH 121,494,561 N1,006,806,070.15
ACCESS 100,847,642 N992,773,346.60
UBA 80,454,340 N770,426,850.80
FIDELITYBK 79,500,091 N239,481,350.00

Stock Market’s Top Gainers

Symbols Last Close Current Change %Change
NESTLE N1400 N1450 50 3.57%
AIRTELAFRI N410.2 N451.2 41 10.00%
DANGCEM N185 N200 15 8.11%
PRESCO N72.5 N79.75 7.25 10.00%
NB N57.5 N63.1 5.6 9.74%

Stock Market’s Top Losers

Symbols Last Close Current Change %Change
ETERNA N5.07 N4.57 -0.5 -9.86%
GSPECPLC N4.65 N4.19 -0.46 -9.89%
MAYBAKER N3.6 N3.25 -0.35 -9.72%
MORISON N0.54 N0.49 -0.05 -9.26%
NEM N2.25 N2.2 -0.05 -2.22%

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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Nigerian Stock Exchange

Nigerian Stock Market Sheds N12 Billion Amid Profit Taking

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Stock - Investors King

Broad-based profit-taking dragged on the Nigerian Exchange Limited (NGX) on Wednesday even though businesses have started releasing their third-quarter earnings reports.

Trading activities dropped during the trading hours of Wednesday as investors transacted 284,601,047 shares worth N3.203 billion in 5,036 deals, against 353,233,206 shares estimated at N5.569 billion traded in 5,322 transactions on Tuesday.

NGX All-Share Index contracted by 0.06 percent to 41,789.59 index points, down from 41,814.94 index points it closed on Tuesday. Market value of listed equities dipped by N12 billion from N21.821 trillion on Tuesday to N21.809 trillion on Wednesday.

Living Trust led gainers with N0.07 or 9.59 percent to settle at N0.80 a share. Followed by the N0.09 or 9.57 percent increase recorded by AIICO after publishing its third-quarter report on Wednesday. University Press remained among top five gainers for the second consecutive week, posting N0.15 or 0.09 percent gain on Wednesday.

The battle for the control of FBN Holdings continues as it led the most trade equities again with a total traded shares of 75,458,656 shares valued at N898,012,945.70. See other details below.

Top Five Gainers

Symbols Last Close Current Change %Change
LIVINGTRUST N 0.73 N 0.80 0.07 9.59 %
AIICO N 0.94 N 1.03 0.09 9.57 %
UPL N 1.65 N 1.80 0.15 9.09 %
REDSTAREX N 3.20 N 3.40 0.20 6.25 %
TOTAL N 207.60 N 220.00 12.40 5.97 %

Top Five Losers

Symbols Last Close Current Change %Change
GLAXOSMITH N 7.00 N 6.30 -0.70 -10.00 %
TRANSCOHOT N 5.97 N 5.38 -0.59 -9.88 %
FBNH N 12.40 N 11.65 -0.75 -6.05 %
VERITASKAP N 0.23 N 0.22 -0.01 -4.35 %
AFRIPRUD N 6.35 N 6.10 -0.25 -3.94 %

Top Fiver Trades

Symbols Volume Value
FBNH 75458656.00 898012945.70
AIICO 18418170.00 17809728.91
ETI 17320235.00 137321766.75
TRANSCORP 15207489.00 15492407.42
FIDELITYBK 14029439.00 38524667.95

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Nigerian Stock Exchange

Stock Market Closes Flat on Tuesday as Activities Drop

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Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited (NGX) closed flat on Tuesday after posting a N27 billion gain on Monday.

Investors exchanged 353,233,206 shares estimated at N5.569 billion in 5,322 transactions during the trading hours of Tuesday, against 674,498,620 shares worth N7.591 billion that were traded in 5,432 deals on Monday.

The NGX All-Share Index closed flat at 41,814.94 index points on Tuesday. Similarly, the market value of all listed equities remained unchanged at N21.821 trillion.

FBN Holdings continue to lead the most traded stocks with 73062391 shares worth N906,754,975.05 on Tuesday. This was followed by GTCO Plc’s 25039191 shares valued at N715,262,785.80 following a healthy financial statement released for the third quarter ended September 30, 2021, on Tuesday. GTCO’s profit after tax rose by 4.11 percent to N49.986 billion.

Universal Insurance led gainers with N0.02 or 10 percent gain to close at N0.22 a share. University Plc emerged second with N0.15 or 10 percent increase to settle at N1.65 a unit. See other details below.

Top Five Trades

Symbols Last Close Current Change %Change
UNIVINSURE N 0.20 N 0.22 0.02 10.00 %
UPL N 1.50 N 1.65 0.15 10.00 %
COURTVILLE N 0.41 N 0.45 0.04 9.76 %
ABBEYBDS N 0.86 N 0.94 0.08 9.30 %
INTBREW N 4.85 N 5.30 0.45 9.28 %

Top Fiver Losers

Symbols Last Close Current Change %Change
ABCTRANS N 0.34 N 0.31 -0.03 -8.82 %
FTNCOCOA N 0.48 N 0.45 -0.03 -6.25 %
CUTIX N 6.40 N 6.05 -0.35 -5.47 %
NGXGROUP N 20.60 N 19.65 -0.95 -4.61 %
SOVRENINS N 0.24 N 0.23 -0.01 -4.17 %

Top Five Trades

Symbols Volume Value
FBNH 73062391.00 906754975.05
GTCO 25039191.00 715262785.80
UNIVINSURE 22770945.00 4919056.91
UBA 20331377.00 171208252.90
TRANSCORP 18437370.00 18864207.86

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Nigerian Stock Exchange

Nigerian Stock Market Gains N27 Billion on Monday

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Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited (NGX) opened the week in green as more stocks extended their gains on Monday.

Market value of all listed stocks rose by N27 billion from N21.794 trillion it closed on Friday to N21.821 trillion on Monday. While the NSE All-Share Index appreciated by 0.12 percent to 41,814.74 index points, up from 41,763.26 index points it closed on Friday.

Investors traded 674,498,620 shares worth N7.591 billion in 5,432 transactions during the trading hours of Monday.

PZ led gainers with N0.55 or 9.32 percent to close at N6.45 per share. This was followed by Mutual Benefits Assurance Plc with N0.02 or 7.14 percent to settle at N0.30 a unit. See other details below.

Top Five Gainers

Symbols Last Close Current Change %Change
PZ N 5.90 N 6.45 0.55 9.32 %
MBENEFIT N 0.28 N 0.30 0.02 7.14 %
UNILEVER N 14.50 N 15.50 1.00 6.90 %
MANSARD N 2.31 N 2.46 0.15 6.49 %
CUTIX N 6.05 N 6.40 0.35 5.79 %

Top Five Losers 

Symbols Last Close Current Change %Change
ABBEYBDS N 0.95 N 0.86 -0.09 -9.47 %
PRESTIGE N 0.47 N 0.43 -0.04 -8.51 %
REGALINS N 0.41 N 0.38 -0.03 -7.32 %
CILEASING N 4.70 N 4.40 -0.30 -6.38 %
NGXGROUP N 22.00 N 20.60 -1.40 -6.36 %

Top Five Trades

Symbols Volume Value
FBNH 350541622.00 4345726068.70
ETI 45642660.00 347799322.85
UNIVINSURE 33914599.00 6782919.80
TRANSCORP 32576994.00 33205137.68
GTCO 21476241.00 614370055.60

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