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Nigerian Stock Exchange

Stock Investors Gained N656 Billion Last week as Dangote Cement, Others Closed in the Green

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Stock bull - Investors King

The Nigerian Exchange Limited (NGX) rebounded last week to close in the green as stocks of University Press, Dangote Cement, Presco and others sustained the Exchange amid growing positive sentiment.

In the four trading days week, due to the Federal Government declared Public Holiday on October 1, 2021 to mark the Nation’s 61st Independence Anniversary, investors exchanged 2.187 billion shares worth N16.183 billion in 14,377 deals last week, in contrast to a total of 1.290 billion shares valued at N13.921 billion that exchanged hands in 16,745 transactions last week.

The Financial Services Industry led the activity chart with 778.434 million shares valued at N5.591 billion traded in 7,183 deals, therefore, it contributed 35.60 percent and 34.55 percent to the total equity turnover volume and value, respectively. The Services Industry followed with 775.712 million shares worth N2.909 billion in 416 deals. The third place was Consumer Goods Industry, with a turnover of 448.662 million shares worth N3.999 billion in 2,257 deals.

Transcorp Hotels Plc, Honeywell Flour Mill Plc and FBN Holdings Plc were the three most traded stocks and accounted for a combined 1.494 billion shares worth N6.944 billion in 1,017 transactions and contributed 68.33 percent and 42.91 percent to the total equity turnover volume and value, respectively.

The NGX All-Share Index appreciated by 1,258.89 index points or 3.23 percent from 38,962.28 index points in the previous week to close at 40,221.17 index points last week. While the market value expanded by 3.57 percent or N656 billion to settle at N20.956 trillion last week, up from N20.300 trillion recorded in the previous week.

Similarly, all other indices finished higher with the exception of NGX Insurance index that depreciated by 7.58 percent, while the NGX ASeM and NGX Growth Indices closed flat.

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 Gained N238 Billion as NGX Index Rises by 1.10 Percent

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Stock Bull - Investors King

Investors at the Nigerian Exchange Limited (NGX) gained another N238 billion on Thursday following a profit of N53 billion on Wednesday.

Market value of all listed equities closed at N21.764 trillion, an increase of N238 billion when compared to N21.526 trillion it closed on Wednesday.

NGX All-Share Index appreciated by 1.10 percent from 41,249.71 index points on Wednesday to 41,704.11 index points on Thursday.

Investors exchanged 216,194,624 shares valued at N3.381 billion in 4,272 transactions during the trading hours of Thursday, in contrast to 499,507,983 shares worth N5.079 billion transacted in 5,998 deals on Wednesday.

Cutix led gainers with N0.5 or 10 percent to close at N5.50 a unit. NGX Group sustained its bullish run with N2.10 or 9.79 percent to close at N23.55 percent as shown below.

Top Gainers 

Symbols Last Close Current Change %Change
CUTIX N 5.00 N 5.50 0.50 10.00 %
NGXGROUP N 21.45 N 23.55 2.10 9.79 %
CHIPLC N 0.55 N 0.60 0.05 9.09 %
NB N 47.90 N 51.45 3.55 7.41 %
BUACEMENT N 67.85 N 72.00 4.15 6.12 %

Top Losers

Symbols Last Close Current Change %Change
TIP N 0.47 N 0.43 -0.04 -8.51 %
NEIMETH N 1.85 N 1.76 -0.09 -4.86 %
UNIVINSURE N 0.21 N 0.20 -0.01 -4.76 %
NAHCO N 3.60 N 3.47 -0.13 -3.61 %
UNITYBNK N 0.57 N 0.55 -0.02 -3.51 %

Top Trades

Symbols Volume Value
FBNH 51915381.00 628328003.80
ETI 20019916.00 143690535.50
TRANSCORP 14645821.00 14974142.81
ACCESS 13034388.00 124228342.40
FIDELITYBK 12480690.00 34160372.88

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Nigerian Stock Exchange

Nigerian Exchange Group (NGXGROUP) Hits N23.55 a Share as Stock Market Gained N53 Billion

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Nigerian Exchange Group- Investors King

The Nigerian Exchange Group (NGXGROUP) extended its bullish run on Wednesday to top gainers for the third consecutive day since it was listed on Friday.

NGXGROUP opened the day at N19.50 a share before setting a new record-high at N23.55 per unit and gradually paring gain to N21.45. 

During the trading hours of Wednesday, investors traded total shares of 499,507,983 valued at N5.079 billion in 5,998 transactions.

The Nigerian Exchange Limited All-Share Index gained 0.26 percent to close at 41,249.71 index points, while the market value of all listed equities expanded by N53 billion to N21.526 trillion, up from N21.473 trillion it closed on Monday.

Again, FBN Holdings led the most traded stocks with 147,601,710 shares valued at N1,756,369,828.65. See other details below.

Top Gainers 

Symbols Last Close Current Change %Change
NGXGROUP N 19.50 N 21.45 1.95 10.00 %
GLAXOSMITH N 6.55 N 7.00 0.45 6.87 %
NPFMCRFBK N 1.71 N 1.81 0.10 5.85 %
WAPIC N 0.48 N 0.50 0.02 4.17 %
FBNH N 11.75 N 12.20 0.45 3.83 %

Top Losers

Symbols Last Close Current Change %Change
PRESTIGE N 0.47 N 0.43 -0.04 -8.51 %
CHIPLC N 0.60 N 0.55 -0.05 -8.33 %
ACADEMY N 0.36 N 0.33 -0.03 -8.33 %
CADBURY N 8.50 N 8.00 -0.50 -5.88 %
UBN N 5.30 N 5.00 -0.30 -5.66 %

Top Trades

Symbols Volume Value
FBNH 147601710.00 1756369828.65
ETRANZACT 105166888.00 215593550.40
ACCESS 27854834.00 265973090.30
TRANSCORP 22292997.00 22782508.71
GTCO 20595381.00 612908183.40

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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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