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Nigerian Stock Exchange

Despite Dividends Declaration, Nigerian Stock Exchange Closes in Red Last Week

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stock bear - Investors King

The Nigerian Stock Exchange (NSE) resumed its bearish trend last week as stocks closed in the red across the board despite the numerous dividends declaration.

The NSE All-Share Index depreciated by 0.76 percent or 299.46 index points to close at 38,916.74 index points last week, down from 39,216.20 index points recorded in the previous week.

Market value of listed stocks dipped by the same 0.76 percent or N157 billion from N20.518 trillion posted in the previous week to settle at N20.361 trillion last week.

In the four trading days due to the Easter Holidays, investors traded 1.445 billion shares worth N19.039 billion in 17,400 deals, against a total of 1.530 billion shares valued at N21.311 billion that exchanged hands in the previous week in 20,016 deals.

In terms of volume traded, the Financial Services Industry led the activity chart with 1.033 billion shares valued at N13.369 billion traded in 9,179 deals, therefore, contributing 71.51 percent and 70.22 percent to the total equity turnover volume and value, respectively.

The Conglomerates Industry followed with 131.153 million shares worth N578.393 million in 811 deals. The third place was Consumer Goods Industry, with a turnover of 92.937 million shares worth N1.750 billion in
2,892 deals.

The top three most traded stocks were Guaranty Trust Bank Plc, Union Bank Nig. Plc and Wema Bank Plc. The three accounted for 670.354 million shares worth N10.331 billion traded in 1,990 deals, therefore, contributed 46.39 percent and 54.26 percent to the total equity turnover volume and value, respectively.

Linkage Assurance Plc led top gainers with 41.18 percent while Daar Communications Plc led top losers with 16 percent as shown below.

The Exchange year-to-date returns stood at -3.36 percent.

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 Gained N25 Billion on Wednesday

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Stock bull - Investors King

Investors that invested in the Nigerian Exchange Limited (NGX) gained N25 billion on Wednesday as more stocks closed in the green.

Investors traded 141,407,914 shares valued at N2.973 billion in 3,079 transactions during the trading hours of Wednesday, contrast to 228,479,010 shares valued at N1.879 billion that exchanged hands in 3,376 deals on Tuesday.

Market value grew by N25 billion from N20.278 trillion it closed on Tuesday to N20.303 trillion on Wednesday,  while the NGX All-Share Index appreciated by 0.12 percent to 38,968.34 index points, up from 38,920.5 index points.

UPDC Plc led gainers for second consecutive day with N0.16 or 9.64 percent to close at N1.82 per share. While N Nig. Flour Mills Plc followed with N0.70 or 9.59 percent to settle at N8 a unit. See the details below.

Top Gainers 

Symbols Last Close Current Change %Change
UPDC N 1.66 N 1.82 0.16 9.64 %
NNFM N 7.30 N 8.00 0.70 9.59 %
OANDO N 4.35 N 4.62 0.27 6.21 %
LEARNAFRCA N 1.36 N 1.44 0.08 5.88 %
HONYFLOUR N 3.92 N 4.07 0.15 3.83 %

Top Losers 

Symbols Last Close Current Change %Change
TRANSCOHOT N 5.00 N 4.50 -0.50 -10.00 %
CHIPLC N 0.53 N 0.48 -0.05 -9.43 %
PRESTIGE N 0.48 N 0.44 -0.04 -8.33 %
CHAMPION N 2.08 N 1.91 -0.17 -8.17 %
LASACO N 1.30 N 1.20 -0.10 -7.69 %

Top Trades

Symbols Volume Value
UNIVINSURE 17987052.00 3597410.40
ZENITHBANK 9711718.00 229355692.90
UCAP 9341841.00 76221425.25
TRANSCORP 9082603.00 8286258.24
ACCESS 9023766.00 83787940.10

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Nigerian Stock Exchange

Nigerian Exchange Limited Closes Slightly in Green on Tuesday Following Weeks of Bearish Trend

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Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited (NGX) rebounded slightly from bearish trends on Tuesday as investors gained N2 billion after weeks of trading in the red.

Market value of all stocks rose to N20.278 trillion on Tuesday, up by N2 billion from N20.276 trillion recorded on Monday. While the NGX All-Share Index gained 0.01 to close at 38,920.5 index points from 38,915.62 index points it settled on Monday.

Investors transacted 228,479,010 shares valued at N1.879 billion in 3,376 deals during the trading hours of Tuesday, against 201,103,282 shares worth N2.526 billion that exchanged hands in 3,340 transactions on Monday.

UPDC Plc led gainers with N0.15 or 9.93 percent to close the day at N1.66 a share while Academy Press Plc followed with N0.03 or 8.33 gain to settle at N0.39 a unit.

Investors renewed interest in Wema Bank as a total of 46,760,667.00 shares valued at N35,973,004.78 were traded during on Tuesday. Access Bank came second with 28239839.00 shares worth N263,494,888.05

Top Gainers

Symbols Last Close Current Change %Change
UPDC N 1.51 N 1.66 0.15 9.93 %
ACADEMY N 0.36 N 0.39 0.03 8.33 %
COURTVILLE N 0.27 N 0.29 0.02 7.41 %
VITAFOAM N 16.75 N 17.40 0.65 3.88 %
LIVESTOCK N 2.08 N 2.14 0.06 2.88 %

Top Losers 

Symbols Last Close Current Change %Change
SOVRENINS N 0.27 N 0.25 -0.02 -7.41 %
UPL N 1.09 N 1.02 -0.07 -6.42 %
REGALINS N 0.48 N 0.45 -0.03 -6.25 %
UACN N 10.30 N 9.80 -0.50 -4.85 %
CHAMS N 0.22 N 0.21 -0.01 -4.55 %

Top Trades

Symbols Volume Value
WEMABANK 46760667.00 35973004.78
ACCESS 28239839.00 263494888.05
UBA 17767249.00 135078503.15
MBENEFIT 17243869.00 4879080.30
FIDELITYBK 14799631.00 36065747.39

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Nigerian Stock Exchange

Stock Market Dips Marginally on Monday, Investors Lose N3 Billion

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stock - Investors King

The Nigerian Exchange Limited (NGX) extended its decline on Monday after losing N177 billion in market value last week.

The market capitalisation of all listed equities depreciated by N3 billion from N20.279 trillion it closed on Friday to N20.276 trillion on Monday. While the NGX All-Share Index declined by 0.02 percent from 38,921.78 index points recorded last week to 38915.62 index points on Monday.

Investors traded 201,103,282 shares worth N2.526 billion in 3,340 transactions during the trading hours of Monday.

In terms of volume traded, Universal Insurance Plc led with 19446846.00 shares valued at N3,889,371.20. Fidelity Bank followed with 19282958.00 shares worth N46,513,270.13. See the details below.

Top Gainers

Symbols Last Close Current Change %Change
MORISON N 1.92 N 2.10 0.18 9.38 %
SOVRENINS N 0.25 N 0.27 0.02 8.00 %
LINKASSURE N 0.57 N 0.60 0.03 5.26 %
FIDELITYBK N 2.30 N 2.40 0.10 4.35 %
INTBREW N 4.80 N 5.00 0.20 4.17 %

Top Losers 

Symbols Last Close Current Change %Change
SCOA N 1.30 N 1.17 -0.13 -10.00 %
ACADEMY N 0.39 N 0.36 -0.03 -7.69 %
UPDC N 1.61 N 1.51 -0.10 -6.21 %
ABCTRANS N 0.35 N 0.33 -0.02 -5.71 %
OANDO N 4.64 N 4.45 -0.19 -4.09 %

Top Trades

Symbols Volume Value
UNIVINSURE 19446846.00 3889371.20
FIDELITYBK 19282958.00 46513270.13
FBNH 16680356.00 124990794.75
COURTVILLE 13757927.00 3870194.51
ACCESS 13499386.00 125059267.80

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