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Nigerian Stock Exchange

Equities Market Shed N600 Billion Last Week

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Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited (NGX) dipped by N600 billion last week as the market value of listed equities plunged below N20 trillion.

The All-Share Index declined by 2.93 percent to settle at 38,324.07 basis points, while the market capitalisation closed at N19.98 trillion.

All other indices finished lower with the exception of NGX Oil and Gas, NGX Growth and NGX Sovereign Bond Indices which appreciated by 7.39 percent, 0.62 percent and 3.02 percent while the NSE ASeM Index closed flat.

Investors traded 1.05 billion shares valued at N11.54 billion in 17,233 transactions during the week, against the 840.33 million shares worth N9.56 billion traded in 13,239 transactions in the previous week.

The financial services industry (measured by volume) led the activity chart with 674.74 million shares valued at N5.59bn traded in 9,405 deals, thus contributing 64.41 percent and 48.42 percent to the total equity turnover volume and value respectively.

The conglomerates industry followed with 94.52 million shares worth N630.37m in 828 deals, while the ICT Industry came third with a turnover of 87.14 million shares worth N630.90m in 539 deals.

Trading in the top three equities, namely Zenith Bank Plc, FBN Holdings Plc and Fidelity Bank Plc (measured by volume), accounted for 248.27 million shares worth N3.29bn in 2,988 deals, contributing 23.70 percent and 28.49 percent to the total equity turnover volume and value respectively.

Twenty-six equities appreciated in price during the week, compared to 33 in the previous week; 41 equities depreciated as against 19 equities in the previous week, while 93 equities remained unchanged as against 108 in the previous week.

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

Equities Market Closes in Red on Monday

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Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited extended its bearish trend on Monday as several unclear economic policies continue to dictate market sentiment.

Investors traded 209,212,596 shares estimated at N1.763 billion during the trading hours of Monday.

Market value of listed equities dipped to N20.089 trillion on Monday, while the Nigerian Exchange Limited All-Share Index lost 0.27 percent 38545.30 index points.

Meyer Plc led gainers with 8.77 percent to close at N0.57 a share. This was followed by Champion Brew. Plc with 6.06 percent. See the details below.

Top Gainers

Symbols Last Close Current Change %Change
MEYER N 0.57 N 0.62 0.05 8.77 %
CHAMPION N 1.98 N 2.10 0.12 6.06 %
JBERGER N 19.10 N 20.00 0.90 4.71 %
REGALINS N 0.50 N 0.52 0.02 4.00 %
IKEJAHOTEL N 0.94 N 0.97 0.03 3.19 %

Top Losers 

Symbols Last Close Current Change %Change
FIDSON N 5.10 N 4.60 -0.50 -9.80 %
LASACO N 1.50 N 1.36 -0.14 -9.33 %
FTNCOCOA N 0.33 N 0.30 -0.03 -9.09 %
MBENEFIT N 0.45 N 0.41 -0.04 -8.89 %
CORNERST N 0.58 N 0.55 -0.03 -5.17 %

Top Traders

Symbols Volume Value
ACCESS 22719611.00 193988537.35
MANSARD 16700986.00 15046288.96
ZENITHBANK 16144873.00 384583513.35
MBENEFIT 14685025.00 6036206.91
CHAMS 13478252.00 2703150.40

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Nigerian Stock Exchange

Presco Plc to Hold Emergency Meeting to Recommend Acquisition of Private Company to Shareholders

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Presco Plc - Investors King

Presco Plc, an agro-industrial company, has notified shareholders of the company, the Nigerian Exchange Group and the investing public that the Board of Directors of Presco Plc will hold an emergency meeting on Thursday 24th June, 2021 to recommend for the shareholders to consider the acquisition of an existing private company through shares.

The existing private company, according to a statement signed by Patrick Uwadua Esq., Company Secretary, Presco Plc, is in the same line of business with Presco Plc.

Presco said once considered, a resolution will be passed at the company’s next General Meeting to authorise the acquisition of all the shares of the existing private company.

Meanwhile, the company commenced its closed period on today, Wednesday 16 June 2021 until 24 hours after the decisions taken at the Board Meeting are released to the public.

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Nigerian Stock Exchange

Cornerstone Insurance, Morison, Others Lead Gainers as Stock Market Gains

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stock bull - Investors King

Nigerian Exchange Group rebounded from 1.66 percent decline recorded on Tuesday to close with 0.15 percent gain on Wednesday as more stocks closed in the green.

Investors traded 302,722,917 shares valued at N2.809 billion during the trading hours of Wednesday, against the 297.35 million shares worth N3.65 billion that were exchanged in 4,402 deals on Tuesday.

Market value of listed stocks appreciated from N20.07 trillion on Tuesday to settle at N20.099 trillion on Wednesday.

Nigerian Exchange Group All-Share Index gained 0.15 percent from 38,507.29 index points on Tuesday to 38564.70 index points on Wednesday.

Cornerstone Insurance led gainers with 10 percent, while Morison followed with 9.68 percent as shown below. Sterling bank emerged the most traded stocks with 37473362.00 shares valued at N57825053.65.

Top Gainers 

Symbols Last Close Current Change %Change
CORNERST N 0.50 N 0.55 0.05 10.00 %
MORISON N 1.24 N 1.36 0.12 9.68 %
LEARNAFRCA N 0.92 N 0.98 0.06 6.52 %
AFRIPRUD N 6.05 N 6.40 0.35 5.79 %
COURTVILLE N 0.20 N 0.21 0.01 5.00 %

Top Losers 

Symbols Last Close Current Change %Change
ABBEYBDS N 1.05 N 0.95 -0.10 -9.52 %
CHIPLC N 0.74 N 0.67 -0.07 -9.46 %
CWG N 1.24 N 1.15 -0.09 -7.26 %
WAPIC N 0.57 N 0.53 -0.04 -7.02 %
REGALINS N 0.48 N 0.45 -0.03 -6.25 %

Top Trades

Symbols Volume Value
STERLNBANK 37473362.00 57825053.65
ETI 27396295.00 142467020.85
WEMABANK 27146019.00 15001766.29
GUARANTY 26491561.00 745342100.20
JAPAULGOLD 22136983.00 11040985.74

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