The Nigerian Exchange Limited (NGX) sustained its bullish trend on the back of Honeywell Flour, Wema Bank Plc and other stocks that closed in the green on Thursday.
Investors traded 570,203,305 shares valued at N2.282 billion in 3,764 transactions during the trading hours of Thursday, against 181,417,236 shares worth N2.089 billion traded in 3,599 transactions during the trading hours of Wednesday.
The market capitalisation of listed equities gained N22 billion from N20.553 trillion it closed on Wednesday to N20.575 trillion on Thursday. The NGX All-Share Index rose by 0.11 percent to 39,490.06 index points on Thursday, up from 39,448.46 index points on Wednesday.
Honeywell Flour led gainers with N0.17 or 10 percent to close at N1.87 per share while the Wema Bank Plc followed with N0.03 or 3.95 percent to settle at N0.79 a unit share. See the details below.
|HONYFLOUR||N 1.70||N 1.87||0.17||10.00 %|
|WEMABANK||N 0.76||N 0.79||0.03||3.95 %|
|FLOURMILL||N 29.00||N 29.90||0.90||3.10 %|
|AIICO||N 0.95||N 0.97||0.02||2.11 %|
|GTCO||N 28.10||N 28.40||0.30||1.07 %|
|SFSREIT||N 68.60||N 61.75||-6.85||-9.99 %|
|TRIPPLEG||N 0.97||N 0.88||-0.09||-9.28 %|
|REGALINS||N 0.47||N 0.43||-0.04||-8.51 %|
|PRESTIGE||N 0.48||N 0.44||-0.04||-8.33 %|
|JAPAULGOLD||N 0.51||N 0.47||-0.04||-7.84 %|
Stock Investors Lose Another N11 Billion on Wednesday
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.
|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 %|
|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 %|
Stock Market Extends Decline Amid Profit-taking
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.
|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 %|
|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 %|
NGX to Host Inaugural TechNovation Conference
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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