Nigerian Stock Exchange

Japaul Gold Stock Sheds Over 50 Percent in One Month

Published

6 days ago

February 18, 2021

Japaul Gold Stock Sheds Over 50 Percent in One Month

Stock investors are dumping Japaul Gold stocks as fast as they purchased them when the news of the company’s partnership with H&H Mines Limited was announced in November 2020.

Japaul Gold declined by over 50 percent from N1.52 per share it attained in January to 72 kobo on Wednesday on growing weak sentiment across the Nigerian Stock Exchange and the future of the company.

On November 15th, 2020, Investors King reported that Japaul Gold and Ventures has received approval in principle from H&H Mines Limited to invest in or acquire shares in the company.

The news bolstered the company’s outlook as investors jumped on Japaul’s stock trading at 20 kobo at the time and pushed it to N1.67 per share within 2 months.

However, with global growing uncertainties and the perceived complexity of the supposed deal, investors started dumping the shares.

Investors traded 2,542,733 shares valued at N1.894 billion on Wednesday. While 7,437,158 and 3,547,124 were exchanged on Tuesday and Monday, respectively.

The Nigerian Stock Exchange extended its decline on Wednesday by 0.07 percent to close at N21.169 trillion, while NSE All-Share Index declined to 40,465.32 index points.

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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

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

Published

11 hours ago

February 24, 2021

Samed Olukoya

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%

Nigerian Stock Exchange

Nigerian Stock Exchange Continues its Downward Trend on Monday

Published

2 days ago

February 22, 2021

Samed Olukoya

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

Nigerian Stock Exchange

Equities Market Sustained Bearish Run Last Week

Published

2 days ago

February 22, 2021

Samed Olukoya

Equities Market Sustained Bearish Run Last Week

Nigerian equities market sustained a bearish run last week as investors continue to sell their holdings.

Investors traded 1.541 billion shares worth N18.235 billion in 22,752 deals during the week, against a total of 2.683 billion shares valued at N23.662 billion that exchanged hands in the previous week in 27,844 deals.

In terms of volume traded, the financial services industry led with 1.099 billion shares valued at N11.110 billion traded in 12,544 deals. Therefore, contributing 71.35 percent and 60.92 percent to the total equity turnover volume and value, respectively.

This was followed by Consumer Goods Industry with 133.156 million shares worth N2.327 billion in 3,941 deals.

In third place was Conglomerates Industry with a turnover of 121.143 million shares worth N263.219 million in 839 deals.

First Bank Holding Plc, Guaranty Trust Bank Plc and Zenith Bank Plc were the three most traded equities in terms of volume, accounting for a combined 553.512 million shares worth N8.931 billion traded in 5,132 deals, contributing 35.92 percent and 48.98 percent to the total equity turnover volume and value, respectively.

The NSE-Share Index depreciated by 0.63 percent to settle at 40,186.70 index points, while the market capitalisation of listed equities declined by 0.61 percent to close at N21.026 trillion.

Monthly returns stood at -5.25 percent and yearly returns stood at -0.21.