Connect with us

Nigerian Stock Exchange

Stock Investors Lose N303 Billion Last Week

Published

on

stock market

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.

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.

Nigerian Stock Exchange

Dangote Sugar Board of Directors Approves 2020 Audited Financial Statement

Published

on

Dangote Sugar Refinery Plc

Board of Directors Has Approved 2020 Audited Financial Statement for Dangote Sugar

The board of directors, Dangote Sugar Refinery Plc, has approved the Financial Statement for the period ended December 31, 2020.

The company disclosed in a statement filed with the Nigerian Stock Exchange on Thursday.

According to the statement signed by Mrs. Temitope Hassan FCIS, Company Secretary/Legal Adviser, Dangote Sugar, the board also recommended the declaration of dividends subject to the approval of shareholders at the Company’s Annual General Meeting to be held in due course.

It stated that “the Closed Period remains in force until 24 hours after the filing of the Financial Statements.

“No insider of the Company, including its Directors, Employees, Advisers and Consultants and their connected persons may deal directly or indirectly in the Shares of the Company during the Closed Period.

Continue Reading

Nigerian Stock Exchange

Stock Market Gains as AIICO, Zenith Bank, Flour Mills, Others Close in the Green

Published

on

stock bull

Stock Market Gains as AIICO, Zenith Bank, Flour Mills, Others Close in the Green

Nigerian Stock Exchange (NSE) closed in the green as stocks of AIICO, Livestock, Flour Mills, Zenith Bank and others closed strong.

Investors traded 337.955 million shares valued at N3.845 billion in 5,232 transactions during the trading hours of Tuesday.

The market value of listed equities grew by N5 billion from N21.009 trillion on Monday to N21.014 trillion on Tuesday while the NSE All-Share Index gained 0.03 percent from 40,154.09 index points recorded on Monday to 40,164.86 index points.

FBNH led the most trade stocks with 64,588,247 shares valued at N471,801,052.30 as shown below.

Top Trades

Symbols Volume Value
FBNH 64,588,247 N471,801,052.30
ZENITHBANK 52,673,009 N1,341,206,505.80
TRANSCORP 41,987,880 N38,118,654.63
UCAP 20,968,270 N128,224,244.12
UBA 18,146,830 N153,239,636.30

Top Losers

Symbols Last Close Current Change %Change
SUNUASSUR N0.81 N0.73 -0.08 -9.88%
LASACO N1.52 N1.37 -0.15 -9.87%
AFRIPRUD N6.6 N5.95 -0.65 -9.85%
ABCTRANS N0.35 N0.32 -0.03 -8.57%
UPL N1.29 N1.18 -0.11 -8.53%

Top Gainers

Symbols Last Close Current Change %Change
AIICO N1.12 N1.2 0.08 7.14%
LIVESTOCK N2.1 N2.25 0.15 7.14%
FLOURMILL N29.2 N31 1.8 6.16%
ZENITHBANK N24.8 N26 1.2 4.84%
CUTIX N2.15 N2.25 0.1 4.65%

Continue Reading

Nigerian Stock Exchange

Nigerian Stock Exchange Continues its Downward Trend on Monday

Published

on

Nigerian Stock Exchange

Nigerian Stock Exchange Continues its Downward Trend on Monday

Equities market in Africa’s largest economy opened the weak lower as the bearish trend persists amid continuous profit-taking.

Investors traded 289.338 million shares valued at N3.574 billion in 4,953 transactions during the trading hours of Monday.

The market capitalisation of listed stocks declined by N17 billion from N21.026 trillion it closed on Friday to N21.009 trillion on Monday.

While the Nigerian Stock Exchange All-Share Index depreciated by 0.08 percent to 40,154.09 index points, down from 40,186.70 index points recorded on Friday.

Afriprud led the losers’ chart with a 70 kobo or a 9.59 percent decline. See the details below.

Top Losers

Symbols Last Close Current Change %Change
FRIPRUD N7.3 N6.6 -0.7 -9.59%
LASACO N1.68 N1.52 -0.16 -9.52%
NIGERINS N0.23 N0.21 -0.02 -8.70%
WAPCO N25 N23 -2 -8.00%
REDSTAREX N3.37 N3.12 -0.25 -7.42%

Top Gainers

Symbols Last Close Current Change %Change
UPDCREIT N5.35 N5.85 0.5 9.35%
CHIPLC N0.33 N0.36 0.03 9.09%
ACADEMY N0.35 N0.38 0.03 8.57%
CORNERST N0.64 N0.69 0.05 7.81%
UPL N1.2 N1.29 0.09 7.50%

Top Trades

Symbols Volume Value
FBNH 57,556,050 N419,712,708.70
UCAP 27,443,887 N167,340,384.50
GUARANTY 26,846,793 N820,545,362.40
UBA 25,197,443 N210,949,731.80
ZENITHBANK 21,749,034 N540,276,662.40

Continue Reading

Trending