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Nigerian Exchange Limited

NGX All-Share Index Gains 0.66 Percent in Last Week



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The Nigerian Exchange Limited (NGX) All-Share Index extended gains to 0.66 percent last week amid positive financial statement reports for the third quarter.

The index rose by 275.34 index points or 0.66 percent from 41,763.26 index points recorded in the previous week to 42,038.60 index points last week. In the month of October, the bourse gained 4.52 percent to bolster the year-to-date return to 4.39 percent after months of posting negative returns.

Market capitalisation of all listed equities appreciated by N144 billion from N21.794 trillion in the previous week to N21.938 trillion last week.

Stock investors traded 3.001 billion shares worth N34.547 billion in 25,932 deals during the week, against a total of 1.565 billion shares valued at N18.384 billion that exchanged hands last week in 21,621 deals.

In terms of volume traded, the Financial Services Industry led the activity chart with 1.600 billion shares valued at N15.608 billion traded in 14,065 deals. Therefore, contributed 53.33 percent and 45.18 percent to the total equity turnover volume and value, respectively.

The Oil and Gas Industry followed with 845.699 million shares worth N11.725 billion in 1,706 deals. The third place was Conglomerates Industry, with a turnover of 220.120 million shares worth N335.235 million in 1,238 deals.

Eterna Plc, FBN Holdings Plc, and Transnational Corporation of Nigeria Plc were the three most traded stocks in the week. The three accounted for a combined 1.731 billion shares worth N19.681 billion in 4,207 deals, translating to 57.66 percent and 56.97 percent of the total equity turnover volume and value, respectively.

All other indices finished higher with the exception of NGX CG and NGX Meri Value indices which depreciated by 0.04% and 2.20% respectively, while the NGX ASeM and NGX Growth Indices closed flat.

During the week,  a total of 47 equities appreciated in price, against the 34 equities posted in the previous week. However, a total of 25 equities depreciated in price, lower than the 36 equities recorded in the previous week, while the 84 equities that remained unchanged were lower than the 86 equities that were flat in the previous week.

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CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.

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Nigerian Exchange Limited

Dangote Sugar, Stanbic, Others Closed in Red as an Anonymous Investor Dumps N29 Billion on Dangote Cement



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Stocks of Dangote Sugar, Stanbic Bank, Ardova, FCMB and others led the Nigerian Exchange Limited (NGX) decline on Thursday despite the bourse extending its this year gains to 7.45 percent.

The market value of all listed stocks gained N248 billion from N24.477 trillion it closed on Wednesday to N24.725 trillion on Thursday. The NGX All-Share Index appreciated by 1.01 percent on Wednesday after posting a 1.73 percent gain on Tuesday to close at 45,890.52 index points.

Activity at the exchange rose to a record-high as investors traded  873,492,331 shares valued at N31.542 billion in 4,342 transactions, more than 300 percent of 252,938,074 shares worth N8.9255 billion that exchanged hands in 4,218 deals on Wednesday.

The increase was a result of jumped in Dangote Cement activity level. Investor or group of investors, likely in insider dealings – expected to be announced soon, transacted  102,917,075 shares of Dangote Cement valued at N28.779 billion. The transaction accounted for 91.24 percent of the total N31.542 billion traded on Thursday.

Breaking down the performance of each sector, the banking industry index appreciated by 36 basis points (bps) on the back of an increase in value of Jaiz Bank (+6.35%), Unity Bank (+6.25%), Sterling Bank (+0.64%), UBA (+0.61%), Access Bank (+0.51%) and Zenith Bank (+0.19%).

Similarly, the industrial index appreciated by 272 basis points (bps) on 5.52 percent gain in Dangote Cement, the most capitalised Nigeria’s listed company. WAPCO lost 0.39 percent points.

The consumer goods sector was weighed upon by a 2.74 percent decline in Dangote Sugar, 1.49 percent decline in the value of Honey Flour and 1.25 percent drop in Champion. However, NNFM, Cadbury and Interbrew posted gains.

Despite the jump in the value of global oil prices to over $90 a barrel this week, the Nigerian oil sector shed 9 bps on a 2.60 percent decline recorded by Ardova. See the details of top gainers and losers below.

Top Gainers

Symbols Last Close Current Change %Change
NNFM N 6.55 N 7.20 0.65 9.92 %
LEARNAFRCA N 1.18 N 1.29 0.11 9.32 %
CADBURY N 8.80 N 9.50 0.70 7.95 %
LINKASSURE N 0.53 N 0.57 0.04 7.55 %
JAIZBANK N 0.63 N 0.67 0.04 6.35 %

Top Losers

Symbols Last Close Current Change %Change
DANGSUGAR N 18.25 N 17.75 -0.50 -2.74 %
STANBIC N 37.00 N 36.00 -1.00 -2.70 %
ARDOVA N 13.45 N 13.10 -0.35 -2.60 %
FCMB N 3.00 N 2.95 -0.05 -1.67 %
HONYFLOUR N 3.35 N 3.30 -0.05 -1.49 %

Top Trades

Symbols Volume Value
CWG 517576289.00 300194247.62
DANGCEM 102917075.00 28779893991.30
FBNH 54041026.00 647958220.70
TRANSCORP 34103184.00 34704157.60
SOVRENINS 20985290.00 4886794.70

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Nigerian Exchange Limited

Stock Investors Gained N526 Billion in Three Days



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Investors in the Nigerian Exchange Limited (NGX) have realised a combined N526 billion gain in the last three trading sessions to offset Monday’s decline. The Exchanged, which closed at N23.951 trillion market value on Friday, increased to N24.477 trillion on Wednesday.

On Monday, NGX dipped by N29 billion to N23.922 trillion but quickly rebounded on Tuesday and sustain its expansion on Wednesday on the back of renewed interest in the bourse.

Activity level rose on Wednesday as investors traded 252,938,074 shares worth N8.9255 billion in 4,218 transactions, against 235,233,902 shares worth N1.918 billion that exchanged hands in 4,151 deals on Tuesday.

Breakdown of performance showed the NGX Banking Index appreciated 50bps on the back of improvement in Union Bank of Nigeria (+4.46%), Access Bank (+0.52%) and Zenith Bank (+0.39%). Jaiz Bank (-4.55%), Unity Bank (-2.04%), Wema Bank  (-1.15%) and ETI (-0.56%) lost points.

The NGX Consumer Goods Index shed 2bps on Champion (-1.23%) and Honey Flour (-0.59%).  While the NGX Oil and Gas Index gained 221bps on Seplat (+4.36%) and the NGX Industrial index closed flat.

NGX All-share Index appreciated by 1.73 percent to 45,430.14 index points, up from 44,655.89 index points it closed on Tuesday. While market value rose by N418 billion from N24.059 trillion it settled on Tuesday to N24.477 trillion on Wednesday.

A total of 16 large stocks posted gains, against 17 stocks that closed in the red. The year-to-date return rose to 6.35 percent. See the details of top gainers and losers below.

Top Gainers

Symbols Last Close Current Change %Change
AIRTELAFRI N 1050.50 N 1155.50 105.00 10.00 %
CORNERST N 0.50 N 0.53 0.03 6.00 %
COURTVILLE N 0.38 N 0.40 0.02 5.26 %
UBN N 5.60 N 5.85 0.25 4.46 %
SEPLAT N 690.00 N 720.10 30.10 4.36 %

Top Losers 

Symbols Last Close Current Change %Change
FTNCOCOA N 0.39 N 0.36 -0.03 -7.69 %
CHIPLC N 0.69 N 0.64 -0.05 -7.25 %
REGALINS N 0.45 N 0.42 -0.03 -6.67 %
JAPAULGOLD N 0.42 N 0.40 -0.02 -4.76 %
JAIZBANK N 0.66 N 0.63 -0.03 -4.55 %

Top Trades

Symbols Volume Value
GTCO 25456346.00 649356251.40
DANGCEM 24453030.00 6481353849.00
FBNH 23094320.00 277150098.30
FIDELITYBK 21137645.00 57157543.48
FCMB 12932757.00 38790482.47

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Nigerian Exchange Limited

Nigeria’s Stocks Market Resumes Bullish Run



Nigerian Exchange Limited - Investors King

Nigeria’s equities market rebounded from Monday’s decline to extend its bullish run for the year by N137 billion on Tuesday.

Investors traded 235,233,902 shares worth N1.918 billion in 4,151 deals during the trading hours of Tuesday, against  214,315,212 shares valued at N2.689 billion that exchanged hands in 4,410 transactions on Monday.

The Nigerian Exchange Limited (NGX) All-Share Index gained 0.58 percent to 44,655.89 index points, up from 44,399.66 index points it settled on Monday. Market value appreciated by N137 billion from N23.922 trillion to N24.059 trillion on Tuesday.

A sectoral breakdown showed that the NGX Banking Index appreciated by 98bps on the back of ETI (+3.45%), Access Bank (+2.11%), Unity Bank(+2.08%), Fidelity Bank (+1.89%), Sterling Bank (+1.29%), and Zenith Bank (+0.78%). Wema Bank and Union Bank closed in the red with -2.25 percent and UBN -0.88 percent, respectively.

The NGX Consumer Goods Index rose by 69bps on 7.35 percent and 0.18 percent gain in Dangote Sugar and Flour Mill, respectively. While the Oil and Gas Index also inched higher by 25 basis points on Eterna and Conoil’s 5.83 percent and 3.05 percent gains.

Berger and BUA Cement bolstered the Industrial Index, the index appreciated by 95bps on 5.84 percent and 2 percent increase from Berger and BUA Cement. WAPCO, however, dragged on the index as it sheds 0.39 percent lost points.

The Exchange year-to-date return rose to 4.54 percent. See top gainers and losers below.

Top Gainers

Symbols Last Close Current Change %Change
SKYAVN N 5.30 N 5.83 0.53 10.00 %
COURTVILLE N 0.35 N 0.38 0.03 8.57 %
FTNCOCOA N 0.36 N 0.39 0.03 8.33 %
DANGSUGAR N 17.00 N 18.25 1.25 7.35 %
BERGER N 7.70 N 8.15 0.45 5.84 %

Top Losers

Symbols Last Close Current Change %Change
NEM N 3.96 N 3.63 -0.33 -8.33 %
SUNUASSUR N 0.34 N 0.32 -0.02 -5.88 %
REGALINS N 0.47 N 0.45 -0.02 -4.26 %
SOVRENINS N 0.25 N 0.24 -0.01 -4.00 %
WAPIC N 0.51 N 0.49 -0.02 -3.92 %

Top Trades

Symbols Volume Value
TRANSCORP 38105416.00 40126119.89
GTCO 18730093.00 476489576.45
JAIZBANK 14987140.00 9819198.86
ETI 14493966.00 126344358.00
FBNH 13419157.00 161060772.90

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