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Nigerian Stock Exchange

Nigerian Exchange Limited Opens October With N13 Billion Gain

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stock bull - Investors King

Nigerian stocks opened the month of October with N13 billion gain on Monday as investors continue to increase their stake ahead of third quarter financial reports.

Investors exchanged 202,355,622 shares valued at N1.864 billion in 4,066 transactions during the trading hours of Monday while the Nigerian Exchange Limited (NGX) All-Share Index expanded by 0.05 percent to 40,243.05 index points from 40,221.17 index points it closed on Friday.

Market value also rose by N13 billion to N20.969 trillion on Monday, up from N20.956 trillion recorded on Friday. The gain was as a result of positive close recorded in medium and large capitalised stocks like Eterna, United Capital, AXA Mansard Insurance, Pharm-Deko, FBN Holdings, etc.

A total of 23 stocks closed in the green against 14 that closed in the red to boost the Exchange by 0.05 percent.

Mansard led gainers with N0.23 or 9.89 percent to close at N2.56 per share. Pharm-Deko followed with N0.23 or 9.79 percent to settle at N2.58 a unit. University Press, Consolidated Hallmark Insurance and Courteville Business Solutions gained N0.12 or 9.76 percent, N0.05 or 8.77 percent and N0.03 or 8.57 percent to close at N1.35, N0.62 and N0.38 per share.

Investors jumped on Fidelity Bank to push to the top of the most traded stocks with 18952333.00 shares worth N46,769,179.97. GTCO came second with 18265625.00 shares worth N512,414,562.05. See the details below.

Top Gainers

Symbols Last Close Current Change %Change
MANSARD N 2.33 N 2.56 0.23 9.87 %
PHARMDEKO N 2.35 N 2.58 0.23 9.79 %
UPL N 1.23 N 1.35 0.12 9.76 %
CHIPLC N 0.57 N 0.62 0.05 8.77 %
COURTVILLE N 0.35 N 0.38 0.03 8.57 %

Top Losers

Symbols Last Close Current Change %Change
MORISON N 2.10 N 1.89 -0.21 -10.00 %
NNFM N 8.55 N 7.70 -0.85 -9.94 %
VERITASKAP N 0.23 N 0.21 -0.02 -8.70 %
CORNERST N 0.58 N 0.53 -0.05 -8.62 %
JAIZBANK N 0.60 N 0.57 -0.03 -5.00 %

Top Trades

Symbols Volume Value
FIDELITYBK 18952333.00 46769179.97
GTCO 18265625.00 512414562.05
FBNH 18145208.00 147866920.95
UNIVINSURE 15477466.00 3225493.20
CHAMPION 14191970.00 29093702.65

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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