Investors in the Nigerian stock market gained N646 billion last week on the back of renewed interest in the Nigerian Exchange Limited (NGX).
During the week, investors exchanged 1.471 billion shares worth N20.941 billion in 20,410 deals against a total of 1.428 billion shares valued at N12.373 billion that exchanged hands in 23,987 transactions in the previous week.
In terms of volume traded, the Financial Services Industry led the activity chart with 996.555 million shares valued at N10.279 billion traded in 10,565 deals. Therefore, it contributed 67.74 percent and 49.09 percent to the total equity turnover volume and value, respectively.
The Conglomerates Industry followed with 203.251 million shares worth N1.204 billion in 834 deals. In third place was Consumer Goods Industry, with a turnover of 105.410 million shares worth N3.217 billion in 2,789 deals.
FBN Holdings Plc, Sterling Bank Plc and UACN Plc were the three most traded equities for the week. The three accounted for 519.011 million shares worth N4.057 billion in 1,787 deals, contributing 35.28 percent and 19.37 percent to the total equity turnover volume and value, respectively.
The NGX All-Share Index appreciated by 2.95 percent or 1,238.51 index points from 42,014.50 index points recorded in the previous week to 43,253.01 index points last week.
Market value of listed equities gained N646 billion from N21.926 trillion achieved in the previous week to N22.572 trillion last week.
Similarly, all other indices finished higher with the exception of NGX Banking, NGX Insurance, NGX-AFR Bank Value, NGX AFR Div Yield, NGX MERI Growth, NGX Oil/Gas and NGX Industrial Goods indices which depreciated by 1.13 percent, 2.25 percent, 1.83 percent, 0.44 percent, 0.80 percent, 0.69 percent and 0.01 percent, respectively. While the NGX ASeM, NGX Growth and NGX Sovereign Bond Indices closed flat.
Twenty-seven equities appreciated in price during the week, higher than Twenty-three equities in the previous week. Thirty-six equities depreciated in price, lower than Forty-three equities in the previous week, while ninety-three equities remained unchanged higher than ninety equities recorded in the previous week.
The market year-to-date return moderated to 7.41 percent.
Market Value of Nigerian Stock Market Drops Below N22 Trillion
Nigerian stock market dipped further on Monday to push the Exchange total market capitalisation below the N22 trillion mark.
Investors traded 422,180,395 shares valued at N4.470 billion in 5,059 transactions during the trading hours of Monday. While market value of all listed stocks dipped to N21.920 trillion, a decline of N83 billion from N22.003 trillion recorded on Friday.
The Nigerian Exchange All-Share Index depreciated by 0.38 percent to 42,008.6 index points on Monday from 42,167.91 index points it closed on Friday.
Sectorial analysis showed the NGX Banking Index lost 137bps on FIDELITY (-5.60%), UBA (-5.06%), UNITYBANK (-3.92%), ACCESS (-2.25%), STERLINGBANK (-0.68%) and GTCO (-0.62%).
The NGX Consumer Goods Index lost 34bps on UNILEVER (-4.00%), DANGSUGA (-3.13%) and HONYFLOUR (-1.14%). CHAMPION (+7.92%), INTBREW (+2.04%) and PZ (+0.84%) gained points.
The NGX Oil and Gas Index shed 11bps on ETERNA (-4.13%) and The NGX Industrial index shed 58bps on WAPCO (-9.94%).
A total of 10 stocks closed in the green, against 24 that closed in the red. The Exchange year-to-date return dropped to 4.32 percent. See other details below.
Top Five Gainers
|ROYALEX||N 0.53||N 0.58||0.05||9.43 %|
|MEYER||N 0.22||N 0.24||0.02||9.09 %|
|CHIPLC||N 0.44||N 0.48||0.04||9.09 %|
|UPDC||N 0.99||N 1.08||0.09||9.09 %|
|CHAMPION||N 2.40||N 2.59||0.19||7.92 %|
Top Five Losers
|WAPCO||N 24.65||N 22.20||-2.45||-9.94 %|
|LINKASSURE||N 0.56||N 0.51||-0.05||-8.93 %|
|ABCTRANS||N 0.34||N 0.31||-0.03||-8.82 %|
|VITAFOAM||N 21.90||N 20.00||-1.90||-8.68 %|
|FIDELITYBK||N 2.50||N 2.36||-0.14||-5.60 %|
Top Five Trades
Nigerian Stock Investors Lose N595 Billion Last Week
The Nigerian Exchange Limited (NGX) sustained its downward trend last week as investors continue to sell their holdings and hold off for the remaining days of the year to reassess global uncertainty amid Omicron concerns.
Investors traded a total of 1.278 billion shares worth N17.340 billion in 21,052 deals last week, in contrast to a total of 3.435 billion shares valued at N30.915 billion that exchanged hands in 21,109 transactions in the previous week.
During the week, the Financial Services Industry led the activity chart with 984.543 million shares valued at N10.247 billion traded in 11,029 deals. Therefore, contributing 77.01 percent and 59.09 percent to the total equity turnover volume and value respectively.
Consumer Goods Industry followed with 78.724 million shares worth N2.328 billion in 3,137 deals. In third place was The Conglomerates Industry, with a turnover of 48.730 million shares worth N69.840 million in 647 deals.
FBN Holdings Plc, Guaranty Trust Holding Company Plc and Access Bank Plc were the three most traded equities, accounting for 470.731 million shares worth N6.571 billion in 3,887 deals. The three contributed a combined 36.82 percent and 37.90 percent to the total equity turnover volume and value, respectively.
The market value of all listed equities declined by 2.63 percent or N595 billion from N22.598 trillion recorded in the previous week to N22.003 trillion last week. While the NGX All-Share Index depreciated by 2.63 percent 0r 1,140.38 index points to 42,167.91 index points, down from 43,308.29 index points.
Similarly, all other indices finished lower with the exception of NGX Insurance index which appreciated by 2.97 percent, while the NGX ASeM, NGX Growth and NGX Sovereign Bond Indices closed flat.
Eighteen equities appreciated in price during the week, lower than Twenty-nine equities in the previous week. Forty-nine equities depreciated in price, higher than Thirty-six equities in the previous week, while eighty-nine equities remained unchanged lower than ninety-one equities recorded in the previous week. See the top gainers and losers below.
MTN, Afriprud, UPDC, Others Top Losers as Investors Lose N410 Billion
Nigerian stock market depreciated further on Wednesday as 23 stocks closed in the red, against 15 stocks that posted profits. The Nigerian Exchange Limited (NGX) sheds N410 billion in value.
Trading activity was mixed as investors exchanged 335,480,224 shares worth N3.552 billion in 3,891 deals during the trading hours of Wednesday, in contrast to 224,910,096 shares valued at N3.708 billion that were traded in 4,331 transactions on Tuesday.
All-Share Index depreciated by 1.81 percent to 42,463.16 index points after shedding 0.05 percent on Tuesday. Market value declined by N410 billion from N22.567 trillion it closed on Tuesday to N22.157 trillion on Wednesday.
Sectorial analysis showed the Banking Index lost 115bps on ACCESS (-5.29%), ETI (-1.80%) and STERLNBANK (-1.35%). Gainers were JAIZBANK (+1.49%), WEMABANK (+1.27%) and ZENITHBANK (+0.21%).
The NGX Consumer Goods Index lost 14bps on HONYFLOUR (-5.32%), INTBREW (-2.08%), FLOURMILL (-0.85%) and NASCON (-0.35%). NB (+0.65%) was a gainer in that space today. The NGX Oil and Gas Index lost 12bps on OANDO (-0.63%). The NGX Industrial index inched up 4bps on WAPCO (+0.60%). See other details below.
Year-to-date return moderated to 5.44 percent.
|CORNERST||N 0.52||N 0.56||0.04||7.69 %|
|MANSARD||N 2.12||N 2.28||0.16||7.55 %|
|CHAMS||N 0.20||N 0.21||0.01||5.00 %|
|NGXGROUP||N 16.40||N 17.00||0.60||3.66 %|
|FTNCOCOA||N 0.39||N 0.40||0.01||2.56 %|
|MTNN||N 190.00||N 171.00||-19.00||-10.00 %|
|AFRIPRUD||N 6.50||N 6.00||-0.50||-7.69 %|
|UPDC||N 1.07||N 0.99||-0.08||-7.48 %|
|ROYALEX||N 0.54||N 0.51||-0.03||-5.56 %|
|HONYFLOUR||N 3.95||N 3.74||-0.21||-5.32 %|
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