The Nigerian Stock Exchange (NSE) in collaboration with ARM Securities Limited yesterday held a retail investors workshop in line with its objective to enhance retail investors’ participation in the Nigerian capital market. The event was themed: Value Investing vs. Growth Investing.
Speaking at the event, the Divisional Head, Trading Business, NSE, Mr. Jude Chiemeka, said: “Despite the year 2020 presenting a number of local and global economic challenge, the Nigerian stock market witnessed what was arguably one of its best years in recent history. The market recorded a number of significant milestones and achievements during the course of the year, one of which was the NSE All Share Index emerging the best performing index in the world out of 93 global indices tracked by Bloomberg, posting a one-year return of +50.03 per ent. It is therefore no wonder that the stock market has continued to attract numerous investors.”
According to him, at the NSE they will continue to make it a priority to not only provide all investors with an accessible, transparent market where they can achieve their investment objectives, but also to equip investors with the necessary skill and knowledge required to enable them achieve those objectives.
In addressing the theme around Value Investing vs. Growth Investing, Investment Research Analyst, ARM, Mr. Mustapha Alao, and Equities Portfolio Manager, ARM, Mr. Seyi Adeosun, provided participants with insights on the opportunities both strategies provide. The importance of determining an investor’s investment objective, risk appetite and knowledge of the stock market were emphasised as critical factors in making investment decisions.
Participants were allowed to further engage with the speakers through a dedicated interactive session moderated by the Head, X-Academy, NSE, Ms. Ugochi Obi.
In his address, Managing Director, ARM, Mr. Gbenga Magbagbeola, provided information on how participants can take advantage of capital market opportunities.
In response to the participants’ and the investment public’s growing demand for a better understanding and appreciation of investment products, the exchange continues to provide touchpoints to communicate including webinars such as this.
Total, Dangote Cement, Oando Bolster Stock Market on Thursday
The Nigerian Exchange Limited closed in the green on Thursday following renewed interest in the shares of Total, Cutix, Oando, Dangote Cement and others.
Investors transacted 203,110,772 shares worth N1.724 billion in 3,969 deals during the trading hours of Thursday.
Market capitalisation of listed stocks improved to N20.104 trillion while the Nigerian Exchange Limited (NGX) All-Share Index rose by 1.67 percent to 38,585.52 index points.
Total led gainers with N16.80 or 10 percent to settle at N184.80 after posting a 1601 percent jump in profit after tax for the first half of 2021. Cutix and Oando trailed Total with 9.77 percent and 9.73 percent, respectively. See the details below.
|TOTAL||N 168.00||N 184.80||16.80||10.00 %|
|CUTIX||N 3.99||N 4.38||0.39||9.77 %|
|OANDO||N 3.29||N 3.61||0.32||9.73 %|
|DANGCEM||N 230.00||N 248.00||18.00||7.83 %|
|COURTVILLE||N 0.22||N 0.23||0.01||4.55 %|
|AIICO||N 1.15||N 1.05||-0.10||-8.70 %|
|SOVRENINS||N 0.31||N 0.29||-0.02||-6.45 %|
|VERITASKAP||N 0.25||N 0.24||-0.01||-4.00 %|
|LIVESTOCK||N 1.97||N 1.90||-0.07||-3.55 %|
|ARDOVA||N 15.50||N 15.00||-0.50||-3.23 %|
Stocks Market Extends Decline Last week, Sheds Another N25 Billion
The Nigerian Exchange Limited (NGX) extended its decline last week as the bourse depreciated by another N25 billion following a N123 billion decline recorded in the previous week.
Investors traded 1.008 billion shares worth N10.923 billion in 17,297 deals during the week, against a total of 1.348 billion shares valued at N12.140 billion that exchanged hands in 21,581 transactions in the previous week.
In terms of volume traded, the financial services industry led the activity chart with 732.418 million shares valued at N7.213 billion traded in 9,131 deals. Therefore, contributed 72.62 percent and
66.04 percent to the total equity turnover volume and value traded in the week, respectively.
The Conglomerates Industry followed with 52.931 million shares worth N170.271 million in 656 deals. The third place was ICT Industry, with a turnover of 52.716 million shares worth N1.806 billion in 701 deals.
The top three most traded equities were Guaranty Trust Holding Company Plc, United Bank for Africa Plc and Zenith Bank Plc. The three accounted for 261.741 million shares worth N5.813 billion in 3,498 deals and contributed 25.95 percent and 53.22 percent to the total equity turnover volume and value, respectively.
The market valued of all listed equities dipped by 0.12 percent or N25 billion from N19.796 trillion recorded in the previous week to N19.771 trillion last week.
The NGX All-Share Index also depreciated by 0.12 percent or -47.01 index points from 37,994.19 index points posted in the previous week to 37,947.18 last week.
All other indices finished lower with the exception of NGX Banking, NGX AFR Div Yield, NGX MERI Growth, NGX Oil/Gas and NGX Sovereign Bond indices which appreciated by 0.09 percent, 0.32 percent, 0.15 percent, 1.81 percent and 0.64 percent, respectively. While the NGX Premium, NGX ASeM and NGX Growth Indices closed flat.
Equities Market Closed in the Red on Thursday as Sentiment Remains Weak
Nigerian equities closed in the red on Thursday amid weak sentiment and market uncertainties ahead of second-quarter reports.
Investors traded 159,996,570 shares valued at N927.859 million in 3,038 transactions, against a total of 197,231,557 shares worth N2.139 billion that were traded in 3,610 deals during the trading hours of Wednesday.
Nigerian Exchange Limited All Share Index declined by 0.01 percent to 37866.90 index points, down from 37872.55 index points it closed on Wednesday.
Market value of all listed stocks shed N3 billion to N19.729 trillion from the N19.732 trillion posted on Wednesday. Sovereign Trust Insurance Plc led gainers with N0.03 or 10 percent to settle at N0.33 a unit. This was followed by FTN Cocoa Processors Plc with N0.04 or 9.76 percent gain to close at N0.45 a unit.
|SOVRENINS||N 0.30||N 0.33||0.03||10.00 %|
|FTNCOCOA||N 0.41||N 0.45||0.04||9.76 %|
|CWG||N 1.14||N 1.25||0.11||9.65 %|
|AIICO||N 1.05||N 1.15||0.10||9.52 %|
|REDSTAREX||N 3.11||N 3.36||0.25||8.04 %|
|IKEJAHOTEL||N 1.40||N 1.27||-0.13||-9.29 %|
|UPDC||N 1.43||N 1.30||-0.13||-9.09 %|
|WAPIC||N 0.59||N 0.54||-0.05||-8.47 %|
|UPL||N 1.52||N 1.41||-0.11||-7.24 %|
|UNITYBNK||N 0.63||N 0.59||-0.04||-6.35 %|
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