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.
AIICO, Access, WAPIC, Others Gain Even as More Stocks Closed in Red
More stocks closed in the red despite AIICO, Access Bank and others closing in the green on Tuesday. The sell-off in the banking stocks ahead of the December holidays further dragged on the Nigerian Exchange Limited on Tuesday.
Investors exchanged 224,910,096 shares worth N3.708 billion in 4,331 transactions during the trading hours of Tuesday, against 213,126,324 shares valued at N2.359 billion that were traded in 4,105 transactions on Monday.
Market value of listed equities dipped to N22.567 trillion on Tuesday, while All-Share Index sheds 0.05 percent to 43,248.05 index points.
A total of 12 stocks closed in the green against 24 that closed in the red. The Exchange Year-to-date return drop slightly further to 7.39 percent.
Sectorial analysis showed the NGX Banking Index gained 26bps on ACCESS (+4.40%), ETI (+3.73%) and UBA (+0.63%). Losers included UBN (-6.19%), WEMABANK (-1.25%) and ZENITHBANK (-1.03%).
The NGX Consumer Goods Index lost 21bps on HONYFLOUR (-1.25%), DANGSUGAR (-1.22%), PZ (-0.83%), and GUINNESS (-0.82%). NASCON (+0.35%) was a gainer in that space today.
The NGX Oil and Gas Index lost 40bps on OANDO (-2.04%). The NGX Industrial index shed 4bps on WAPCO (-0.60%). See other details below.
Top Five Gainers
|AIICO||N 0.76||N 0.83||0.07||9.21 %|
|ACCESS||N 9.10||N 9.50||0.40||4.40 %|
|WAPIC||N 0.48||N 0.50||0.02||4.17 %|
|ETI||N 8.05||N 8.35||0.30||3.73 %|
|FCMB||N 3.00||N 3.10||0.10||3.33 %|
Top Five Losers
|UPDCREIT||N 4.55||N 4.10||-0.45||-9.89 %|
|IKEJAHOTEL||N 1.35||N 1.22||-0.13||-9.63 %|
|UPDC||N 1.18||N 1.07||-0.11||-9.32 %|
|CHAMS||N 0.22||N 0.20||-0.02||-9.09 %|
|UBN||N 4.85||N 4.55||-0.30||-6.19 %|
Top Five Trades
NGX Opens the Week in Red
The Nigerian Exchange Limited (NGX) All-Share Index open the new week in the red as 21 stocks lost points against 14 stocks that gained.
Investors exchanged 213,126,324 shares worth N2.359 billion in 4,105 transactions during the trading hours of Monday. NGX All-Share index depreciated by 0.09 percent to 43,270.94 index points while the market value of all listed equities dipped to N22.5 trillion.
Sectorial performance showed, the NGX Banking Index lost 18bps on FIDELITYBK (-1.57%), UBA (-1.23%) and ZENITHBANK (-0.62%). Gainers were UNITYBNK (+1.92%), ACCESS (+1.11%) and UBN (+1.04%).
The NGX Consumer Goods Index closed down 23bps on INTBREW (-4.00%), PZ (-1.64%), and FLOURMILL (-0.34%). Gainers were VITAFOAM (+1.86%) and HONYFLOUR (+1.01%).
The NGX Oil and Gas Index lost 56bps on OANDO (-2.78%) and the NGX Industrial index closed flat. See other details below.
|AIICO||N 0.70||N 0.76||0.06||8.57 %|
|LIVINGTRUST||N 0.88||N 0.95||0.07||7.95 %|
|VERITASKAP||N 0.21||N 0.22||0.01||4.76 %|
|ABCTRANS||N 0.33||N 0.34||0.01||3.03 %|
|COURTVILLE||N 0.39||N 0.40||0.01||2.56 %|
|UPDC||N 1.31||N 1.18||-0.13||-9.92 %|
|UPDCREIT||N 5.05||N 4.55||-0.50||-9.90 %|
|CHIPLC||N 0.55||N 0.51||-0.04||-7.27 %|
|REGALINS||N 0.42||N 0.40||-0.02||-4.76 %|
|WAPIC||N 0.50||N 0.48||-0.02||-4.00 %|
Nigerian Stock Market Continues to Decline
Nigerian equities market declined for a third consecutive day on Thursday as 24 stocks closed in the red against 14 stocks that gain.
Investors traded 266,115,101 shares worth N4.216 billion during the trading hours of Thursday, against 243,185,049 shares valued at N3.747 billion that were transacted in 3,777 deals on Wednesday.
Market value dipped by N71 billion to N22.494 trillion, down from N22.565 trillion recorded on Wednesday. The Nigerian Exchange Limited All-Share Index lost 0.32 percent to 43,108.77 index points.
Sectorial analysis showed the banking industry closed in the red after losing 116 basis points on the back of a broad decline in ETI, Unity Bank and Union Bank of Nigeria Plc. Jaiz Bank and Fidelity Bank recorded gains.
Also, the consumer industry lost 106 basis points on a decline in Nigerian Breweries, Interbrew and Cadbury. Honeywell Flour led gainers with +9.76 percent.
Oil and gas and industrial industries shed 164 basis points and 1 basis point respectively. The Exchange year-to-date return depreciated by 7.05 percent.
|HONYFLOUR||N 3.69||N 4.05||0.36||9.76 %|
|AIICO||N 0.59||N 0.64||0.05||8.47 %|
|REGALINS||N 0.36||N 0.39||0.03||8.33 %|
|UPL||N 2.50||N 2.70||0.20||8.00 %|
|IKEJAHOTEL||N 1.25||N 1.35||0.10||8.00 %|
|MRS||N 15.20||N 13.70||-1.50||-9.87 %|
|CHAMS||N 0.23||N 0.21||-0.02||-8.70 %|
|ETI||N 8.75||N 8.00||-0.75||-8.57 %|
|CHIPLC||N 0.62||N 0.57||-0.05||-8.06 %|
|UNITYBNK||N 0.55||N 0.51||-0.04||-7.27 %|
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