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Nigerian Stock Exchange

Stock Market Returns to Bullish Trend, Gained N11 Billion Last Week

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Stock Bull - Investors King

The Nigerian Exchange Limited (NGX) returned to the green zone last week following two consecutive weeks of decline.

Investors exchanged 856.289 million shares worth N10.752 billion in 15,663 deals during the week, in contrast to a total of 1.426 billion shares valued at N13.073 billion that exchanged hands in 19,315 transaction in the previous week.

In terms of volume traded, the financial services industry led the activity table with 583.038
million shares valued at N3.971 billion traded in 7,894 deals. Therefore, contributing 68.09 percent and 36.93 percent to the total equity turnover volume and value, respectively.

In the second place was the consumer goods industry that followed with 62.961 million shares worth N3.197 billion that were traded in 2,579 deals. The ICT Industry came third with a turnover of 45.745 million shares worth N1.646 billion in 775 transactions.

Access Bank Plc, Universal Insurance Plc and Wema Bank Plc were the three most traded stocks last week, accounting for a combined 211.151 million shares worth N789.843 million in 1,403 deals and contributed 24.66 percent and 7.35 percent to the total equity turnover volume and value, respectively.

NGX All-share Index gained 22.09 index points or 0.06 percent to 38,943.87 index points last week, up from 38,921.78 it traded in the previous week. The market value of all listed equities expanded by N11 billion or 0.05 percent from N20.279 trillion it closed in the previous week to N20.290 trillion last week.

Similarly, all other indices finished higher with the exception of NGX Banking, NGX Insurance, NGX MERI Growth, NGX Consumer Goods, NGX Oil/Gas and NGX Industrial Goods indices which depreciated by 0.79 percent, 0.58 percent, 0.12 percent, 0.21 percent, 3.35 percent and 0.24 percent, respectively. While the NGX ASeM, NGX Growth and NGX Sovereign Bond Indices closed flat.

The Exchange has now gained 2.73 percent in the third quarter but declined by 0.70 percent in month of September to bring year to date return to – 3.29 percent.

Top 10 Price Decliners

 

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

Price of Shares of Nigerian Exchange Group Near N20 a Unit

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Nigerian Exchange Group- Investors King

The recently listed Nigerian Exchange Group (NGXGROUP) extended gains to N19.5 per share as more investors keyed into the prospect of the newly created company following the demutualisation of the Nigerian Stock Exchange to reposition the organisation for better growth and opportunities.

The Group listed 1,964,115,918 ordinary shares on the Nigerian Exchange Limited on Friday, 15 October 2021 at N16.15 per share.

On the same day, investors traded 3,562,076.00 shares of the company, pushing the price to N17.75 a share by the close of business.

The price of the stock continues to rise on Monday, hitting N19.5 per as more investors jumped on it. Investors traded 19,000,933 units on Monday.

Nigerian Exchange Group has now gained 20.74 percent in value since being listed on the Nigerian Exchange Limited on Friday.

The most significant benefit of our listing on the NGX exchange is the ability it gives us to drive inorganic growth as we add new subsidiaries and business lines that complement our business. This new era is indeed very exciting for us and we look forward to many possibilities achievable from deepening our various partnerships,” stated Mr. Oscar Onyema, the Chief Executive of NGX Group.

 

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Nigerian Stock Exchange

Nigerian Stock Market Opens Lower on Wednesday

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stock bear - Investors King

The Nigerian Exchange Limited (NGX) opened lower on Wednesday after shedding N153 billion on Monday.

The market value of all the listed equities hover around N21.455 trillion in the early hours of Wednesday, a N17 billion decline when compared to the N21.473 trillion the Exchange closed on Monday.

The NGX All-Share Index dipped to 41,112.99 index points on Wednesday from  41,144.67 index points it closed on Monday.

On Monday, the Nigerian Exchange Group, the new listed stock, led gainers with N1.75 or 9.85 percent to close at N19.50 a unit. This was followed by Ikeja Hotel as shown below.
Top Gainers on Monday
Symbols Last Close Current Change %Change
NGXGROUP N 17.75 N 19.50 1.75 9.86 %
IKEJAHOTEL N 1.05 N 1.15 0.10 9.52 %
CUSTODIAN N 7.30 N 7.85 0.55 7.53 %
HONYFLOUR N 3.55 N 3.78 0.23 6.48 %
CHAMS N 0.22 N 0.23 0.01 4.55 %

Top Losers on Monday

Symbols Last Close Current Change %Change
MAYBAKER N 4.74 N 4.36 -0.38 -8.02 %
ROYALEX N 0.64 N 0.59 -0.05 -7.81 %
NPFMCRFBK N 1.85 N 1.71 -0.14 -7.57 %
FBNH N 12.70 N 11.75 -0.95 -7.48 %
MBENEFIT N 0.30 N 0.28 -0.02 -6.67 %

Top Trades on Monday

Symbols Volume Value
FBNH 67614896.00 832795740.75
ACCESS 36619323.00 351205679.95
TRANSCORP 26549871.00 26623432.07
GTCO 25563059.00 755248988.40
FIDELITYBK 19473904.00 53250999.16

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Nigerian Stock Exchange

Nigerian Exchange Group Lists N1.964 Ordinary Shares at N16.15 Per Share on NGX

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Nigerian Exchange Limited - Investors King

Nigerian Exchange Group on Friday listed 1,964,115,918 ordinary shares on the Nigerian Exchange Limited’s Main Board following the demutualisation of the Nigerian Stock Exchange.

The listing was after the Nigerian Exchange Limited approved the application of the group to list its entire issued and fully paid 1,964,115,918 ordinary shares of 50 Kobo each at N16.15 per share.

The Group trading symbol NGXGROUP.

Speaking on the listing, Mr. Oscar Onyema, the Chief Executive of NGX Group, said the listing had opened up new opportunities for the company.

He said, “The demutualisation of the Nigerian Stock Exchange created the opportunity to restructure and reposition the organisation to achieve our expanded vision to be the preferred and premier exchange hub for Nigerian businesses and the wider African economy.

“The most significant benefit of our listing on the NGX exchange is the ability it gives us to drive inorganic growth as we add new subsidiaries and business lines that complement our business. This new era is indeed very exciting for us and we look forward to many possibilities achievable from deepening our various partnerships.”

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