The Nigerian Exchange Limited (NGX) opened the week in red on Monday as fewer stocks closed in the green.
Investors exchanged 190,959,987 shares valued at N2.353 billion in 3,462 transactions during the trading hours of Monday.
While the NGX All-Share Index depreciated by 0.10 percent from 38,943.87 index points it closed on Friday to 38,906.42 index points on Monday. The market value of listed stocks contracted by N19 billion from N20.290 trillion it settled on Friday to N20.271 trillion.
EkoCorp Plc led the most traded stocks with 40000000.00 shares valued at N231,600,000.00. Followed by UBA’s 10809336.00 shares worth N82,231,110.05.
In terms top gainers, Consolidated Hallmark Insurance Plc led gainers with N0.05 or 9.62 percent to close at N0.57 a share. Chams Plc came second with N0.02 or 9.52 percent to settle at N0.23 a share. See other details below.
|CHIPLC||N 0.52||N 0.57||0.05||9.62 %|
|CHAMS||N 0.21||N 0.23||0.02||9.52 %|
|COURTVILLE||N 0.29||N 0.31||0.02||6.90 %|
|WEMABANK||N 0.76||N 0.79||0.03||3.95 %|
|NAHCO||N 3.04||N 3.15||0.11||3.62 %|
|SCOA||N 1.06||N 0.96||-0.10||-9.43 %|
|VERITASKAP||N 0.23||N 0.21||-0.02||-8.70 %|
|LINKASSURE||N 0.61||N 0.57||-0.04||-6.56 %|
|PZ||N 5.85||N 5.50||-0.35||-5.98 %|
|CORNERST||N 0.52||N 0.49||-0.03||-5.77 %|
Stock Market Closes Flat on Tuesday as Activities Drop
The Nigerian Exchange Limited (NGX) closed flat on Tuesday after posting a N27 billion gain on Monday.
Investors exchanged 353,233,206 shares estimated at N5.569 billion in 5,322 transactions during the trading hours of Tuesday, against 674,498,620 shares worth N7.591 billion that were traded in 5,432 deals on Monday.
The NGX All-Share Index closed flat at 41,814.94 index points on Tuesday. Similarly, the market value of all listed equities remained unchanged at N21.821 trillion.
FBN Holdings continue to lead the most traded stocks with 73062391 shares worth N906,754,975.05 on Tuesday. This was followed by GTCO Plc’s 25039191 shares valued at N715,262,785.80 following a healthy financial statement released for the third quarter ended September 30, 2021, on Tuesday. GTCO’s profit after tax rose by 4.11 percent to N49.986 billion.
Universal Insurance led gainers with N0.02 or 10 percent gain to close at N0.22 a share. University Plc emerged second with N0.15 or 10 percent increase to settle at N1.65 a unit. See other details below.
Top Five Trades
|UNIVINSURE||N 0.20||N 0.22||0.02||10.00 %|
|UPL||N 1.50||N 1.65||0.15||10.00 %|
|COURTVILLE||N 0.41||N 0.45||0.04||9.76 %|
|ABBEYBDS||N 0.86||N 0.94||0.08||9.30 %|
|INTBREW||N 4.85||N 5.30||0.45||9.28 %|
Top Fiver Losers
|ABCTRANS||N 0.34||N 0.31||-0.03||-8.82 %|
|FTNCOCOA||N 0.48||N 0.45||-0.03||-6.25 %|
|CUTIX||N 6.40||N 6.05||-0.35||-5.47 %|
|NGXGROUP||N 20.60||N 19.65||-0.95||-4.61 %|
|SOVRENINS||N 0.24||N 0.23||-0.01||-4.17 %|
Top Five Trades
Nigerian Stock Market Gains N27 Billion on Monday
The Nigerian Exchange Limited (NGX) opened the week in green as more stocks extended their gains on Monday.
Market value of all listed stocks rose by N27 billion from N21.794 trillion it closed on Friday to N21.821 trillion on Monday. While the NSE All-Share Index appreciated by 0.12 percent to 41,814.74 index points, up from 41,763.26 index points it closed on Friday.
Investors traded 674,498,620 shares worth N7.591 billion in 5,432 transactions during the trading hours of Monday.
PZ led gainers with N0.55 or 9.32 percent to close at N6.45 per share. This was followed by Mutual Benefits Assurance Plc with N0.02 or 7.14 percent to settle at N0.30 a unit. See other details below.
Top Five Gainers
|PZ||N 5.90||N 6.45||0.55||9.32 %|
|MBENEFIT||N 0.28||N 0.30||0.02||7.14 %|
|UNILEVER||N 14.50||N 15.50||1.00||6.90 %|
|MANSARD||N 2.31||N 2.46||0.15||6.49 %|
|CUTIX||N 6.05||N 6.40||0.35||5.79 %|
Top Five Losers
|ABBEYBDS||N 0.95||N 0.86||-0.09||-9.47 %|
|PRESTIGE||N 0.47||N 0.43||-0.04||-8.51 %|
|REGALINS||N 0.41||N 0.38||-0.03||-7.32 %|
|CILEASING||N 4.70||N 4.40||-0.30||-6.38 %|
|NGXGROUP||N 22.00||N 20.60||-1.40||-6.36 %|
Top Five Trades
Nigerian Exchange Group Leads Gainers as Stock Investors Gained N169 Billion Last Week
The stock price of the Nigerian Exchange Group extended its bullish run to N22 per share last week, representing an increase of 23.95 percent when compared to its N17.75 per share opening price.
During the four trading days week (Eid-iL-Maulud Holiday), investors traded a total of 1.565 billion shares worth N18.384 billion in 21,621 deals, in contrast to a total of 2.838 billion shares valued at N31.653 billion that exchanged hands in 23,355 deals in the previous week.
In terms of the volume traded, the financial service industry led the activity chart with 1.179 billion shares valued at N12.746 billion traded in 13,272 transactions. Therefore, contributing 75.38 percent and 69.33 percent to the total equity turnover volume and value, respectively.
The ICT Industry followed with 131.585 million shares worth N2.151 billion in 636 deals. In third place was Conglomerates Industry, with a turnover of 110.828 million shares worth N 262.227 million in 928 deals.
FBN Holdings Plc, E-Tranzact International Plc and Access Bank Plc were the most traded equities, accounting for 626.888 million shares worth N6.303 billion in 3,677 deals. The three contributed 40.07 percent and 34.29 percent to the total equity turnover volume and value, respectively.
The market value of listed equities gained 0.78 percent or N163 billion from N21.625 trillion in the previous week to N21.794 trillion last week. The NGX All-Share Index also appreciated by 0.78 percent or 325.11 index points to close the week at 41,763.26 index points, up from 41,763.26 index points.
However, all other indices finished lower with the exception of NGX Main Board, NGX 30, NGX Banking, NGX Oil/Gas, NGX Industrial Goods and NGX Sovereign Bond indices which appreciated by 1.64 percent, 0.80 percent, 0.69 percent, 1.40 percent, 2.59 percent and 0.03 percent, respectively, while the NGX ASeM Index closed flat.
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