Nigerian Exchange Limited (NSE) gained N248 billion on Tuesday following N13 billion gain posted on the first trading day of October, Monday.
Investors sentiment rose ahead of third quarter financial reports with traders exchanging 432,992,034 shares valued at N3.125 billion in 4,377 deals during the trading hours of Tuesday, against 202,355,622 shares valued at N1.864 billion that exchanged hands in 4,066 transactions on Monday.
Market value of listed equities appreciated by N248 billion from N20.969 trillion recorded on Monday to N21.217 trillion on Tuesday.
First Bank of Nigeria Holdings led gainers with N0.80 or 9.76 percent to close at N9 per share. This was followed by Pharm-Deko’s N0.25 or 9.69 percent gain to settle at N2.83 per share as shown below.
Top Five Gainers
|FBNH||N 8.20||N 9.00||0.80||9.76 %|
|PHARMDEKO||N 2.58||N 2.83||0.25||9.69 %|
|COURTVILLE||N 0.38||N 0.41||0.03||7.89 %|
|LEARNAFRCA||N 1.44||N 1.55||0.11||7.64 %|
|JAIZBANK||N 0.57||N 0.61||0.04||7.02 %|
Top Five Losers
|UPL||N 1.35||N 1.22||-0.13||-9.63 %|
|REGALINS||N 0.45||N 0.41||-0.04||-8.89 %|
|INTBREW||N 4.80||N 4.50||-0.30||-6.25 %|
|PZ||N 5.75||N 5.45||-0.30||-5.22 %|
|CHIPLC||N 0.62||N 0.59||-0.03||-4.84 %|
Price of Shares of Nigerian Exchange Group Near N20 a Unit
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.
Nigerian Stock Market Opens Lower on Wednesday
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.
|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
|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
Nigerian Exchange Group Lists N1.964 Ordinary Shares at N16.15 Per Share on NGX
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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