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Nigerian Stock Exchange

Stock Investors Gained N137 Billion Last Week

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stock bull - Investors King

Investors at the Nigerian Exchange Limited gained N137 billion last week as more stocks closed in the green.

During the week, investors traded a total of 989.593 million shares worth N8.183 billion in 19,617 deals, against a total of 1.374 billion shares valued at N11.823 billion that exchanged hands last week in 22,982 deals.

In terms of volume traded, the Financial Services Industry led the activity chart with 603.656 million shares valued at N3.864 billion traded in 9,337 deals. Therefore, contributing 61.00 percent and
47.22 percent to the total equity turnover volume and value, respectively.

The Conglomerates Industry followed with 102.233 million shares worth N133.987 million in 846 deals. The third place was Consumer Goods Industry, with a turnover of 80.979 million shares worth N1.250 billion in 2,902 deals.

The top three most traded equities were the Transnational Corporation Of Nigeria Plc, Sterling Bank Plc and FBN Holdings Plc. The three accounted for a combined 210.187 million shares worth N554.388 million in 1,414 deals, contributing 21.24 percent and 6.77 percent to the total equity turnover volume and value, respectively.

Market capitalisation of listed equities gained N137 billion or 0.68 percent from N20.084 trillion filed in the previous week to N20.221 trillion last week.

The NGX All-Share Index gained 0.68 percent or 263.67 index points from 38,547.08 index points in the previous week to 38,810.75 index points last week.

Cutix Plc led gainers with 17.95 percent to settle at N5.65 a share while Regency Assurance Plc followed with 14.29 percent to close the week at 0.48 a unit.

Conoil Plc came third with a 10 percent gain to end the week at N20.35 a unit share.

 

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

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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

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Nigerian Stock Exchange

Stock Market Extends Decline Amid Profit-taking

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Stock - Investors King

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

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Nigerian Stock Exchange

NGX to Host Inaugural TechNovation Conference

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Nigerian Exchange Group- Investors King

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.

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