The Nigerian Stock Exchange (NSE) pared gained last week to make it the second week the Exchange will close in the red this year.
The NSE All-Share Index depreciated by 0.42 percent or 174.15 index points to close the week at 41,0001.99 index points, down from 41,176.14 index points posted in the previous week.
Market capitalisation dipped by 0.38 percent or N81 billion from N21.530 trillion recorded in the previous to N21.449 trillion last week.
During the week, investors traded total shares of 4.288 billion worth N25.989 billion in 32,849 deals against a total of 3.447 billion shares valued at N32.725 billion that exchanged hands last week in 30,327 deals.
In terms of volume traded, the Financial Services Industry led the activity chart with 2.607 billion shares valued at N12.454 billion traded in 15,128 deals; thus contributing 60.81 percent and 47.92 percent to the total equity turnover volume and value respectively.
The Conglomerates Industry followed with 813.813 million shares worth N1.561 billion in 2,417 deals. The third place was Oil and Gas Industry, with a turnover of 212.126 million shares worth N821.978 million in 2,726
The most traded equities for the week were Transnational Corporation of Nigeria, Living Trust Mortgage Bank Plc and Japaul Gold and Ventures Plc. Together, the three accounted for 1.582 billion shares worth N1.564 billion in 2,726 deals and contributed 36.9 percent and 6.02 percent to the total equity turnover volume and value, respectively.
Nigerian Stock Market Sheds N12 Billion Amid Profit Taking
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
|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
|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
Stock Market Closes Flat on Tuesday as Activities Drop
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
|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
|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
Nigerian Stock Market Gains N27 Billion on Monday
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
|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
|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
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