Nigerian Stock Exchange

Stock Market Sheds 1.74 Percent to Close at N20.221 Trillion Last Week

Published

6 months ago

March 15, 2021

The Nigerian Stock Exchange (NSE) extended its decline by 1.74 percent last week as sell-off persist across the board.

Investors traded 1.675 billion shares valued at N23.541 billion in 21,732 transactions during the week, against a total of 2.093 billion shares valued at N29.744 billion that exchanged hands in 24,238 deals in the previous week.

In terms of volume traded, the financial services industry led the activity chart with 1.200 billion shares worth N10.272 billion and traded in 12,518 transactions. Therefore, the industry contributed 71.64 percent and 43.64 percent to the total equity turnover volume and value, respectively.

This was followed by the consumer goods industry with 110.564 million shares valued at N3.577 billion in 3,234 deals.

In third place was the industrial goods industry, with a turnover of 99.761 million shares worth N5.322 billion in 1,309 deals.

The top three most traded equities were United Bank for Africa Plc, FBN Holdings Plc and Zenith Bank Plc. The three accounted for a combined 524.548 million shares worth N5.957 billion in 5,346 deals and contributing 31.32 percent and 25.30 percent to the total equity turnover volume and value, respectively.

The market value of listed equities declined by 1.74 percent or N357 billion from N20.578 trillion in the previous week to N20.221 trillion last week.

Similarly, NSE All-Share Index depreciated by 1.74 percent or 683.13 basis points to 38,648.48 basis points, down from 39,331.61.

Champion Breweries led the week with a 45.24 percent gain to close at N2.44 per share. Followed by Regency Assurance Plc as shown 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

Stock Investors Lose Another N11 Billion on Wednesday

Published

15 hours ago

September 23, 2021

Samed Olukoya

Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited (NGX) extended decline on Wednesday as sentiment remained weak across the Exchange.

Investors exchanged 155,773,059 shares valued at N1.510 billion in 3,256 transactions during the trading hours of Wednesday, in contrast to 184,442,908 shares worth N2.343 billion that exchanged hands in 3,809 transactions on Tuesday.

Market value depreciated by N11 billion to N20.243 trillion on Wednesday, further down from N20.254 trillion it closed on Tuesday. While NGX All-Share Index dipped by 0.05 percent to 38,852.69 index points.

Transcorp Hotel Plc led gainers with N0.45 or 10 percent. Followed by Pharm-Deko Plc’s N0.16 or 9.88 percent gain. See the details below.

Top Gainers

Symbols	Last Close	Current	Change	%Change
TRANSCOHOT	N 4.50	N 4.95	0.45	10.00 %
PHARMDEKO	N 1.62	N 1.78	0.16	9.88 %
CONOIL	N 22.35	N 24.55	2.20	9.84 %
CORNERST	N 0.49	N 0.53	0.04	8.16 %
NEM	N 1.90	N 2.00	0.10	5.26 %

Top Losers

Symbols	Last Close	Current	Change	%Change
VERITASKAP	N 0.23	N 0.21	-0.02	-8.70 %
UCAP	N 9.00	N 8.55	-0.45	-5.00 %
CHAMS	N 0.22	N 0.21	-0.01	-4.55 %
ACCESS	N 8.90	N 8.60	-0.30	-3.37 %
JAPAULGOLD	N 0.47	N 0.46	-0.01	-2.13 %

Top Trades

Symbols	Volume	Value
UNIVINSURE	19040500.00	3808100.00
UBA	18778552.00	143097682.80
ZENITHBANK	11757422.00	268830997.45
GTCO	10015581.00	271262745.25
UCAP	8519588.00	74569386.55

Nigerian Stock Exchange

Stock Market Extends Decline Amid Profit-taking

Published

2 days ago

September 22, 2021

Samed Olukoya

The Nigerian stock market extended declines on Tuesday as selloff in the banking sector plunged investors’ wealth by N17 billion.

The Nigerian Exchange Limited All-Share Index depreciated by 0.08 percent to 38,873.85 index points, down from 38,906.42 index points recorded on Monday. While market value of listed equities dipped by N17 billion from N20.271 trillion on Monday to N20.254 trillion on Tuesday.

Investors traded 184,442,908 shares valued at N2.343 billion in 3,809 transactions during the trading hours of Tuesday, against 190,959,987 shares worth N2.353 billion in 3,462 transactions that exchanged hands on Monday.

In terms of volume traded, United Bank for Africa Plc led with 38994303.00 shares worth N297,640,689.80. GTCO followed with 19036730.00 shares valued at N517,862,116.20. See the details below.

Top Gainers

Symbols	Last Close	Current	Change	%Change
MRS	N 13.85	N 15.20	1.35	9.75 %
VERITASKAP	N 0.21	N 0.23	0.02	9.52 %
REGALINS	N 0.44	N 0.47	0.03	6.82 %
UNITYBNK	N 0.53	N 0.55	0.02	3.77 %
COURTVILLE	N 0.31	N 0.32	0.01	3.23 %

Top Losers

Symbols	Last Close	Current	Change	%Change
NEIMETH	N 1.90	N 1.75	-0.15	-7.89 %
CHAMS	N 0.23	N 0.22	-0.01	-4.35 %
JAPAULGOLD	N 0.49	N 0.47	-0.02	-4.08 %
SOVRENINS	N 0.25	N 0.24	-0.01	-4.00 %
WEMABANK	N 0.79	N 0.76	-0.03	-3.80 %

Top Trades

Symbols	Volume	Value
UBA	38994303.00	297640689.80
GTCO	19036730.00	517862116.20
ZENITHBANK	14199218.00	326522432.45
UCAP	12887768.00	114176622.20
ACCESS	10083060.00	90170729.90

Nigerian Stock Exchange

NGX to Host Inaugural TechNovation Conference

Published

2 days ago

September 22, 2021

Temitayo Sikiru

Nigerian Exchange (NGX) Limited is set to host the inaugural edition of its TechNovation Conference on Thursday, 30 September 2021.

NGX TechNovation Conference is a flagship event that provides a platform for local and global technology leaders to syndicate conversations around technology, partnerships and innovation that can advance technology adoption in the Nigerian capital market.

With the theme, “Technology, Platforms and Markets”, the event will be hosted by the Chief Executive Officer (CEO), Nigerian Exchange (NGX) Limited, Mr. Temi Popoola, CFA and will feature leading industry experts across the public and private sectors including the Director-General, Securities and Exchange Commission (SEC), Mr. Lamido Yuguda; Dr. Segun Aina, President, Africa Fintech Network; and Olugbenga Agboola, Co-Founder and CEO, Flutterwave.

Key topics to be addressed during the conference are: The Future is Digital – Digital Transformation, New Tech and Emerging Markets; The Path to Exponential Growth – New Technology, Platforms, Emerging Markets, Data & Regulation; and Beyond Tech – Partnerships, Business Models and Innovation. Interested participants can register online.

Some of the other confirmed speakers at the event include; Iyin Aboyeji, Founder & General Partner, Future Africa; Bayo Adekanbi, Chief Transformation Officer, Data Science Nigeria; Dayo Obisan, Government Relations, SEC; Abasi Ene-Obong, CEO, 54Gene; Oremeyi Akah, Chief Customer Experience Officer, Interswitch; Ini Akpan, Country Manager, Opay; and Andreas Itern, Co-Founder & CEO, F10.

The advancement and exponential growth of technology around the world have signaled a new wave of opportunities for forward-thinking organizations. NGX remains committed to leveraging technology to provide a broad range of services including but not limited to smart capital formation. TechNovation will, therefore, serve as a platform that can create opportunities for smart business leaders looking to tap into the next level of growth and competitive advantage.