The Nigerian Exchange Limited (NGX) closed in the red last week on weak market sentiment and low trading activity despite the strong positive financial statements released in the third quarter.
Trading activity drop across the Exchange as investors traded 1.428 billion shares worth N12.373 billion in 23,987 deals during the week, against a total of 3.001 billion shares valued at N34.547 billion that exchanged hands in 25,932 transactions in the previous week.
The Financial Services Industry led the activity chart with 1.010 billion shares valued at N7.992 billion traded in 12,208 deals. Therefore, contributing 70.75 percent and 64.60 percent to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 94.729 million shares worth N207.829 million in 878 deals. In third place was Consumer Goods Industry, with a turnover of 62.779 million shares worth N1.326 billion in 3,814 deals.
FBN Holdings Plc, Sterling Bank Plc and United Bank for Africa Plc were the three most traded stocks for the week. The three accounted for 402.924 million shares worth N3.063 billion in 3,208 deals and contributed 28.22 percent and 24.76 percent to the total equity turnover volume and value, respectively.
Market value dropped by N12 billion from N21.938 trillion recorded in the previous week to N21.926 trillion last week. The NGX All-Share Index also depreciated by 24.10 index points or 0.06 percent from 42,038.60 index points to 42,014.50 index points last week.
All other indices finished lower with the exception of NGX Main Board, NGX Insurance, NGX MERI Growth, NGX Lotus II and NGX Industrial Goods indices which appreciated by 0.32 percent, 0.99 percent, 0.09 percent, 0.15 percent and 0.88 percent respectively, while the NGX ASeM Index closed flat.
The Exchange year-to-date return moderated to 4.33 percent from 4.52 percent recorded in the previous week.
Twenty-three equities appreciated in price during the week, lower than forty-seven equities in the previous week. Forty-three equities depreciated in price, higher than twenty-five equities in the previous week, while ninety equities remained unchanged higher than eighty-four equities recorded in the previous week.
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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