Nigerian Stock Exchange

Stock Investors Lose N303 Billion Last Week

Published

4 months ago

February 15, 2021

Samed Olukoya

Stock Investors Lose N303 Billion Last Week

Investors in the Nigerian Stock Exchange (NSE) loses N303 billion last week as the bourse continues its bearish run.

The market capitalisation of listed stocks declined by 3.03 percent or N303 billion from N21.819 trillion recorded in the previous week to N21.156 trillion last week.

NSE All-Share Index depreciated by the same 3.04 percent or 1,269.24 index points from 41,709.09 index points posted in the previous week to 40,439.85 index points last week.

The year to date return moderated to 0.4 percent while the Exchange has lost 4.65 percent of its value in February alone.

Investors traded 2.683 billion shares worth N23.662 billion in 27,844 transactions during the week, against a total of 2.767 billion shares estimated at N29.685 billion and exchanged in 31,380 deals in the previous week.

In terms of the volume traded, the Financial Services Industry led the activity chart with 2.032 billion shares valued at N13.416 billion exchanged in 14,832 deals. Therefore, contributing 75.74 percent and 56.70 percent to the total equity turnover volume and value, respectively.

This was followed by the Consumer Goods Industry with 181.766 million shares worth N3.601 billion in 4,676 deals.

Conglomerates Industry came third with a turnover of 175.085 million shares worth N324.006 million in 1,168 deals.

The top three most traded equities were Living Trust Mortgage Bank Plc, First Bank Holding Plc and Zenith Bank Plc, the three accounted for a combined 1.208 billion shares worth N6.580 billion in 3,785 deals. Accounting for 45.02 percent and 27.81 percent of the total equity turnover volume and value, respectively. See the top gainers and losers below.

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Samed Olukoya

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

Presco Plc to Hold Emergency Meeting to Recommend Acquisition of Private Company to Shareholders

Published

4 days ago

June 16, 2021

Samed Olukoya

Presco Plc, an agro-industrial company, has notified shareholders of the company, the Nigerian Exchange Group and the investing public that the Board of Directors of Presco Plc will hold an emergency meeting on Thursday 24th June, 2021 to recommend for the shareholders to consider the acquisition of an existing private company through shares.

The existing private company, according to a statement signed by Patrick Uwadua Esq., Company Secretary, Presco Plc, is in the same line of business with Presco Plc.

Presco said once considered, a resolution will be passed at the company’s next General Meeting to authorise the acquisition of all the shares of the existing private company.

Meanwhile, the company commenced its closed period on today, Wednesday 16 June 2021 until 24 hours after the decisions taken at the Board Meeting are released to the public.

Nigerian Stock Exchange

Cornerstone Insurance, Morison, Others Lead Gainers as Stock Market Gains

Published

4 days ago

June 16, 2021

Samed Olukoya

Nigerian Exchange Group rebounded from 1.66 percent decline recorded on Tuesday to close with 0.15 percent gain on Wednesday as more stocks closed in the green.

Investors traded 302,722,917 shares valued at N2.809 billion during the trading hours of Wednesday, against the 297.35 million shares worth N3.65 billion that were exchanged in 4,402 deals on Tuesday.

Market value of listed stocks appreciated from N20.07 trillion on Tuesday to settle at N20.099 trillion on Wednesday.

Nigerian Exchange Group All-Share Index gained 0.15 percent from 38,507.29 index points on Tuesday to 38564.70 index points on Wednesday.

Cornerstone Insurance led gainers with 10 percent, while Morison followed with 9.68 percent as shown below. Sterling bank emerged the most traded stocks with 37473362.00 shares valued at N57825053.65.

Top Gainers

Symbols	Last Close	Current	Change	%Change
CORNERST	N 0.50	N 0.55	0.05	10.00 %
MORISON	N 1.24	N 1.36	0.12	9.68 %
LEARNAFRCA	N 0.92	N 0.98	0.06	6.52 %
AFRIPRUD	N 6.05	N 6.40	0.35	5.79 %
COURTVILLE	N 0.20	N 0.21	0.01	5.00 %

Top Losers

Symbols	Last Close	Current	Change	%Change
ABBEYBDS	N 1.05	N 0.95	-0.10	-9.52 %
CHIPLC	N 0.74	N 0.67	-0.07	-9.46 %
CWG	N 1.24	N 1.15	-0.09	-7.26 %
WAPIC	N 0.57	N 0.53	-0.04	-7.02 %
REGALINS	N 0.48	N 0.45	-0.03	-6.25 %

Top Trades

Symbols	Volume	Value
STERLNBANK	37473362.00	57825053.65
ETI	27396295.00	142467020.85
WEMABANK	27146019.00	15001766.29
GUARANTY	26491561.00	745342100.20
JAPAULGOLD	22136983.00	11040985.74

Nigerian Stock Exchange

Stock Market Gains N230 Billion Last Week

Published

6 days ago

June 14, 2021

Samed Olukoya

Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited gained N230 billion last week as more stocks closed in the green.

The market value of listed stocks and the Nigerian Exchange Limited All-Share Index expanded by 1.11 percent to close the week at N20.41 trillion and 39.156.28 index points, respectively.

Investors traded 1.06 billion shares valued at N12.8 billion in 17,854 transactions during the week, against a total of 1.08 billion shares worth N9.55 billion were traded in 17,933 transactions in the previous week.

In terms of volume traded, the financial services industry led the activity table with 714.677 million shares estimated at N5.95 billion traded in 9,718 transactions. Therefore, contributing 67.53 percent and 46.38 percent to the total equity turnover volume and value traded, respectively.

This was followed by the consumer goods industry with 97.18 million shares estimated at N3.29 billion in 3,006 transactions.

In third place was the ICT industry with a turnover of 75.99 million shares valued at N583.72 million in 679 deals.

The top three most traded stocks (measured by volume) were Zenith Bank Plc, Sterling Bank Plc and Fidelity Bank Plc. The three accounted for 261.34 million shares valued at N2.71 billion and traded in 2,862 deals. The top three most traded equities in the week contributed 24.70 percent and 21.13 percent to the total equity turnover volume and value.

During the week, 35 stocks closed in the green, against 33 posted in the previous week. A total of 36 equities rose as against 33 equities in the previous week, while 89 equities remained unchanged as against 94 in the previous week.