Investors at the Nigerian Exchange Limited are jumping on bank stocks ahead of the first half reports as FBN Holdings Plc’s trading volume rose from 11,823,255.00 shares traded on July 5th, 2021 to 34,838,093.00 shares on July 7th, 2021. Access Bank Plc also grew from 11,623,377.00 shares to 28,693,835.00 shares during the same period.
Zenith Bank was also attractive as its trading volume increased from 13,713,571.00 shares to 27,728,523.00 shares. Fidelity Bank remained among the top 5 most traded stocks for the third consecutive day with 24,741,668.00 shares traded on Wednesday.
Investors traded a combined 296,098,560 shares valued at N2.562 billion in 4,507 transactions during the trading hours of Wednesday.
The market value of listed equities gained N43 billion from N20.027 trillion recorded on Tuesday to N20.070 trillion on Wednesday. While the Nigerian Exchange Limited All-Share Index appreciated by 0.22 percent from 38418.04 index points on Tuesday to 38501.31 index points on Wednesday.
Cutix Plc led gainers with N0.33 or 10 percent gain to settle at N3.63 a share. John Holt Plc followed with N0.06 or 9.84 percent gain to close at N0.67 a unit. See the table below for further details.
|CUTIX||N 3.30||N 3.63||0.33||10.00 %|
|JOHNHOLT||N 0.61||N 0.67||0.06||9.84 %|
|UAC-PROP||N 1.03||N 1.13||0.10||9.71 %|
|TRIPPLEG||N 0.84||N 0.91||0.07||8.33 %|
|WAPIC||N 0.56||N 0.59||0.03||5.36 %|
|BOCGAS||N 8.55||N 7.70||-0.85||-9.94 %|
|BERGER||N 9.85||N 8.90||-0.95||-9.64 %|
|COURTVILLE||N 0.22||N 0.21||-0.01||-4.55 %|
|JAPAULGOLD||N 0.51||N 0.49||-0.02||-3.92 %|
|UNITYBNK||N 0.57||N 0.55||-0.02||-3.51 %|
Market Value of Nigerian Stock Market Drops Below N22 Trillion
Nigerian stock market dipped further on Monday to push the Exchange total market capitalisation below the N22 trillion mark.
Investors traded 422,180,395 shares valued at N4.470 billion in 5,059 transactions during the trading hours of Monday. While market value of all listed stocks dipped to N21.920 trillion, a decline of N83 billion from N22.003 trillion recorded on Friday.
The Nigerian Exchange All-Share Index depreciated by 0.38 percent to 42,008.6 index points on Monday from 42,167.91 index points it closed on Friday.
Sectorial analysis showed the NGX Banking Index lost 137bps on FIDELITY (-5.60%), UBA (-5.06%), UNITYBANK (-3.92%), ACCESS (-2.25%), STERLINGBANK (-0.68%) and GTCO (-0.62%).
The NGX Consumer Goods Index lost 34bps on UNILEVER (-4.00%), DANGSUGA (-3.13%) and HONYFLOUR (-1.14%). CHAMPION (+7.92%), INTBREW (+2.04%) and PZ (+0.84%) gained points.
The NGX Oil and Gas Index shed 11bps on ETERNA (-4.13%) and The NGX Industrial index shed 58bps on WAPCO (-9.94%).
A total of 10 stocks closed in the green, against 24 that closed in the red. The Exchange year-to-date return dropped to 4.32 percent. See other details below.
Top Five Gainers
|ROYALEX||N 0.53||N 0.58||0.05||9.43 %|
|MEYER||N 0.22||N 0.24||0.02||9.09 %|
|CHIPLC||N 0.44||N 0.48||0.04||9.09 %|
|UPDC||N 0.99||N 1.08||0.09||9.09 %|
|CHAMPION||N 2.40||N 2.59||0.19||7.92 %|
Top Five Losers
|WAPCO||N 24.65||N 22.20||-2.45||-9.94 %|
|LINKASSURE||N 0.56||N 0.51||-0.05||-8.93 %|
|ABCTRANS||N 0.34||N 0.31||-0.03||-8.82 %|
|VITAFOAM||N 21.90||N 20.00||-1.90||-8.68 %|
|FIDELITYBK||N 2.50||N 2.36||-0.14||-5.60 %|
Top Five Trades
Nigerian Stock Investors Lose N595 Billion Last Week
The Nigerian Exchange Limited (NGX) sustained its downward trend last week as investors continue to sell their holdings and hold off for the remaining days of the year to reassess global uncertainty amid Omicron concerns.
Investors traded a total of 1.278 billion shares worth N17.340 billion in 21,052 deals last week, in contrast to a total of 3.435 billion shares valued at N30.915 billion that exchanged hands in 21,109 transactions in the previous week.
During the week, the Financial Services Industry led the activity chart with 984.543 million shares valued at N10.247 billion traded in 11,029 deals. Therefore, contributing 77.01 percent and 59.09 percent to the total equity turnover volume and value respectively.
Consumer Goods Industry followed with 78.724 million shares worth N2.328 billion in 3,137 deals. In third place was The Conglomerates Industry, with a turnover of 48.730 million shares worth N69.840 million in 647 deals.
FBN Holdings Plc, Guaranty Trust Holding Company Plc and Access Bank Plc were the three most traded equities, accounting for 470.731 million shares worth N6.571 billion in 3,887 deals. The three contributed a combined 36.82 percent and 37.90 percent to the total equity turnover volume and value, respectively.
The market value of all listed equities declined by 2.63 percent or N595 billion from N22.598 trillion recorded in the previous week to N22.003 trillion last week. While the NGX All-Share Index depreciated by 2.63 percent 0r 1,140.38 index points to 42,167.91 index points, down from 43,308.29 index points.
Similarly, all other indices finished lower with the exception of NGX Insurance index which appreciated by 2.97 percent, while the NGX ASeM, NGX Growth and NGX Sovereign Bond Indices closed flat.
Eighteen equities appreciated in price during the week, lower than Twenty-nine equities in the previous week. Forty-nine equities depreciated in price, higher than Thirty-six equities in the previous week, while eighty-nine equities remained unchanged lower than ninety-one equities recorded in the previous week. See the top gainers and losers below.
MTN, Afriprud, UPDC, Others Top Losers as Investors Lose N410 Billion
Nigerian stock market depreciated further on Wednesday as 23 stocks closed in the red, against 15 stocks that posted profits. The Nigerian Exchange Limited (NGX) sheds N410 billion in value.
Trading activity was mixed as investors exchanged 335,480,224 shares worth N3.552 billion in 3,891 deals during the trading hours of Wednesday, in contrast to 224,910,096 shares valued at N3.708 billion that were traded in 4,331 transactions on Tuesday.
All-Share Index depreciated by 1.81 percent to 42,463.16 index points after shedding 0.05 percent on Tuesday. Market value declined by N410 billion from N22.567 trillion it closed on Tuesday to N22.157 trillion on Wednesday.
Sectorial analysis showed the Banking Index lost 115bps on ACCESS (-5.29%), ETI (-1.80%) and STERLNBANK (-1.35%). Gainers were JAIZBANK (+1.49%), WEMABANK (+1.27%) and ZENITHBANK (+0.21%).
The NGX Consumer Goods Index lost 14bps on HONYFLOUR (-5.32%), INTBREW (-2.08%), FLOURMILL (-0.85%) and NASCON (-0.35%). NB (+0.65%) was a gainer in that space today. The NGX Oil and Gas Index lost 12bps on OANDO (-0.63%). The NGX Industrial index inched up 4bps on WAPCO (+0.60%). See other details below.
Year-to-date return moderated to 5.44 percent.
|CORNERST||N 0.52||N 0.56||0.04||7.69 %|
|MANSARD||N 2.12||N 2.28||0.16||7.55 %|
|CHAMS||N 0.20||N 0.21||0.01||5.00 %|
|NGXGROUP||N 16.40||N 17.00||0.60||3.66 %|
|FTNCOCOA||N 0.39||N 0.40||0.01||2.56 %|
|MTNN||N 190.00||N 171.00||-19.00||-10.00 %|
|AFRIPRUD||N 6.50||N 6.00||-0.50||-7.69 %|
|UPDC||N 1.07||N 0.99||-0.08||-7.48 %|
|ROYALEX||N 0.54||N 0.51||-0.03||-5.56 %|
|HONYFLOUR||N 3.95||N 3.74||-0.21||-5.32 %|
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