Investors are not holding back on Fidelity Bank as the volume traded on the company’s shares rose by 49.7 percent or 13,973,482 from 28,094,407.00 shares traded on Monday to 42,067,889.00 on Tuesday.
This was a significant surge when compared to the 4,902,214.00 shares traded on June 28, 2021 or the 7,970,506.00 shares traded on July 1, 2021.
Investors King first highlighted the increase on Monday and suggested the possibility of insider dealings given the lender’s recent disclosures.
Also, this may be pointing to a healthy first-half report as insiders are generally in the know on company matters, therefore, may be positioning for an improvement in the lender’s outlook and positive future
The Nigerian Exchange Limited gained N104 billion on Tuesday to cross the N20 trillion market value mark.
Traders transacted 288,926,082 shares worth N2.419 billion in 4,540 transactions during the trading hours of Tuesday, against 282,624,981 shares worth N1.869 billion traded in 4,788 transactions on Monday.
Fidelity Bank led the most traded equities with 42,067,889.00 shares valued at N96,624,547.61.
NGX Index Sheds 0.79 Percent on Thursday
The Nigerian Exchange Limited (NGX) Index dipped by 0.79 percent on Thursday to extend its bearish trend to 38484.82 index points.
Investors traded 259.968 million shares worth N1.982 billion in 4,975 transactions during the trading hours of Thursday, against 237,510,446 shares worth N1.882 billion traded in 4,305 transactions during the trading hours of Wednesday.
Market capitalisation of listed stocks declined by N16 billion from N20.211 trillion recorded on Wednesday to N20.051 trillion on Thursday.
|TRIPPLEG||N 0.90||N 0.99||0.09||10.00 %|
|REGALINS||N 0.41||N 0.45||0.04||9.76 %|
|CHIPLC||N 0.54||N 0.59||0.05||9.26 %|
|PRESTIGE||N 0.45||N 0.49||0.04||8.89 %|
|ACADEMY||N 0.35||N 0.38||0.03||8.57 %|
|OANDO||N 5.26||N 4.75||-0.51||-9.70 %|
|UACN||N 11.20||N 10.20||-1.00||-8.93 %|
|LINKASSURE||N 0.65||N 0.60||-0.05||-7.69 %|
|FTNCOCOA||N 0.53||N 0.49||-0.04||-7.55 %|
|UPDC||N 1.26||N 1.19||-0.07||-5.56 %|
Nigerian Exchange Limited (NGX) Dips Slightly on Wednesday
The Nigerian Exchange Limited closed lower on Wednesday as listed companies started releasing their first half of the year financial results. The Nigerian Exchange Limited dipped by 0.03 percent to 38791.03 index points.
Investors traded 237,510,446 shares worth N1.882 billion in 4,305 transactions during the trading hours of Wednesday. While the market capitalisation of listed equities moderated to N20.211 trillion.
Oando led the most traded stocks with 442.901 million shares valued at N232.963 million. This was followed by bank stocks as shown in the table below.
Capital Hotel Plc led gainers with N0.26 or 9.85 percent to close at N2.90 a unit. This was trailed by Oando as shown in the table below.
|CAPHOTEL||N 2.64||N 2.90||0.26||9.85 %|
|OANDO||N 4.79||N 5.26||0.47||9.81 %|
|BOCGAS||N 8.45||N 9.20||0.75||8.88 %|
|FTNCOCOA||N 0.49||N 0.53||0.04||8.16 %|
|LIVESTOCK||N 2.29||N 2.40||0.11||4.80 %|
|CHIPLC||N 0.60||N 0.54||-0.06||-10.00 %|
|TRIPPLEG||N 1.00||N 0.90||-0.10||-10.00 %|
|PHARMDEKO||N 1.21||N 1.09||-0.12||-9.92 %|
|REGALINS||N 0.44||N 0.41||-0.03||-6.82 %|
|ETERNA||N 7.60||N 7.10||-0.50||-6.58 %|
Stock Investors Gained N94 Billion on Monday as NGX Extends Gain
The Nigerian Exchange Limited (NGX) extended its bullish trend on Monday following the renewed confidence in the stock market as listed companies started releasing their financial statements.
Investors traded 246,556,190 shares worth N2.243 trillion in 4,676 deals during the trading hours of Monday.
The market value of listed equities gained N94 billion from N20.147 trillion recorded on Friday to N20.241 trillion on Monday, while the Nigerian Exchange Limited All-Share Index appreciated by 0.47 percent from 38,667.90 index points it closed on Friday to 38849.08 index points on Monday.
Oando led top gainers with N0.39 or 9.82 percent gain to settle at N4.36 per share. This was followed by FTN Cocoa Processors plc’s N0.04 or 9.76 percent gain to close at N0.45 a unit. See the details below.
|OANDO||N 3.97||N 4.36||0.39||9.82 %|
|FTNCOCOA||N 0.41||N 0.45||0.04||9.76 %|
|ARDOVA||N 15.90||N 17.45||1.55||9.75 %|
|BOCGAS||N 7.70||N 8.45||0.75||9.74 %|
|LIVESTOCK||N 1.97||N 2.16||0.19||9.64 %|
|UNIVINSURE||N 0.22||N 0.20||-0.02||-9.09 %|
|LINKASSURE||N 0.70||N 0.65||-0.05||-7.14 %|
|SOVRENINS||N 0.29||N 0.27||-0.02||-6.90 %|
|AFRIPRUD||N 6.90||N 6.45||-0.45||-6.52 %|
|REGALINS||N 0.48||N 0.45||-0.03||-6.25 %|
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