Nigerian Exchange Limited

Stock Investors Gained N646 Billion Last Week

Published

3 years ago

November 15, 2021

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.

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Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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Nigerian Exchange Limited

Naira Depreciation and High Interest Rates Force Market Slowdown, Experts Say

Published

13 hours ago

October 21, 2024

Yetunde Olugbenga

Stockbrokers and investors have abandoned the equity market due to the Naira volatility, lack of market drive towards the end of the year, and the high interest rate in Nigeria.

A long-time investor, David Adonri explained that the volume of trade usually drops towards the end of the year but the market normalises in January.

With the persistent drop in the value of the Nigerian Naira against foreign currencies, investors are wary of unfavourable currency conversion.

“The equity market reacts to so many things. The depreciation of the naira, which is around N1,700, of course, would impact the market. The foreign exchange position can make people exit the market and convert to hard currency, which is stronger, possibly to come back to the market when they see an improved currency level. That is what we call carry-over trade,” Adonri said.

“We also have the hike in the interest rate, which also causes financial assets to migrate away from the capital market,” Adonri added.

“Third, we are in the period of the year, where seasonally, the market is a little bit down because there is nothing specific to drive the market like full-year results or half-year dividends and so on. So we slide to a low tempo from September up to November until after Christmas the market starts trending up again,” he further stated.

According to a report by the Nigerian Exchange Group (NGX), equity investment transactions dropped in Q3, 2024 compared to the previous quarter of the year.

In the same vein, the National Bureau of Statistics (NBS) reported that capital importation showed that investors shifted from equity investment to portfolio investment.

The portfolio investment includes equity, bonds, and money market instruments.

With the recent shift, the portfolio investment made a 10.37 percent increase amounting to a $106.85 million gain from the N1.03 billion total capital inflow.

Nigerian Exchange Limited

NGX Suffers 0.25% Dip After Three Days of Gains, Market Cap Falls by N148 Billion

Published

5 days ago

October 17, 2024

Samed Olukoya

Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited (NGX) lost 0.25 percent on Wednesday following three consecutive days of gains that saw NGX market capitalization approach N60 trillion.

Activity on the Exchange declined as investors exchanged 257.552 million shares worth N8.993 billion in 7,776 transactions, compared to 286.1 million shares worth N26.8 billion traded in 9,650 deals on Tuesday.

The market capitalization of listed equities decreased by N148 billion from N59.707 trillion in the previous session to N59.559 trillion on Wednesday.

The NGX All-Share Index dropped 0.25 percent, or 249.4 points to close at 98,291.53 index points from 98,540.93 index points on Tuesday.

Deap Capital Management led the gainers with a 10 percent increase while UACN and Dangote Sugar followed with 9.90 percent and 9.69 percent gains, respectively.

On the flip side, Custodian led the losers with an 8.98 percent decline to close at N11.65 per share. Okomu Oil lost N24.90, or 6.86 percent to settle at N338.10 per unit and Consolidated Hallmark Holdings fell 6.62 percent, or 10 kobo to N1.41 per share.

Fidelity Bank was the most traded stock with 38.209 million shares worth N559.084 million exchanged. See other details below.

Top Five Gainers

Symbols	Last Close	Current	Change	%Change
DEAPCAP	N 1.20	N 1.32	0.12	10.00 %
UACN	N 19.70	N 21.65	1.95	9.90 %
DANGSUGAR	N 32.00	N 35.10	3.10	9.69 %
CHAMPION	N 3.42	N 3.75	0.33	9.65 %
DAARCOMM	N 0.54	N 0.59	0.05	9.26 %

Top Five Losers

Symbols	Last Close	Current	Change	%Change
CUSTODIAN	N 12.80	N 11.65	-1.15	-8.98 %
OKOMUOIL	N 363.00	N 338.10	-24.90	-6.86 %
CONHALLPLC	N 1.51	N 1.41	-0.10	-6.62 %
ARADEL	N 820.00	N 772.00	-48.00	-5.85 %
MCNICHOLS	N 1.42	N 1.35	-0.07	-4.93 %

Top Five Trades

Symbols	Volume	Value
FIDELITYBK	38208737.00	559084494.25
UBA	33788061.00	829612602.15
GTCO	16739423.00	858279401.40
CHAMPION	14440020.00	54227220.54
ZENITHBANK	11593481.00	436483631.30

Nigerian Exchange Limited

NGX Surges Despite Inflation Hitting 32.7% in September

Published

6 days ago

October 16, 2024

Iyanuoluwa Martins

The Nigerian Exchange Limited (NGX) closed higher on Tuesday despite an inflation report showing consumer prices increased at a faster pace in the month of September.

The Consumer Price Index, which measures inflation in an economy, showed the nation’s inflation rate quickened to 32.7 percent in September.

However, the NGX market capitalization appreciated thereafter by 0.33 percent or N197 billion to N59.707 trillion from N59.510 trillion recorded on Monday.

The NGX All-Share Index (ASI) also closed higher at 98,540.93 index points, a 325.80 points increase from 98,215.13 index points it closed in the previous session.

The Exchange sustained its momentum as investors jumped on Aradel, Oando and other stocks to push cumulative gain in the last three days to N3.69 trillion, according to a note by Atlas Portfolios Limited.

In its update, Atlass Portfolios Limited told investors that approximately 286.04 million units valued at ₦26,817.03 million were transacted across 9,650 deals.

Champion Breweries led the gainers as it expanded by 9.97 percent to quote at N3.42, Tantalizers added 9.09 percent to sell at 60 Kobo, Oando gained 7.93 percent to N77.60, Aradel Holdings rose by 6.09 percent to N820.00, and Eterna jumped by 4.86 percent to N25.90.

Caverton led the losers as it declined by 10.00 percent to trade at N2.34, Tripple G fell by 9.95 percent to finish at N1.81, C&I Leasing dropped by 9.80 percent to N3.59, Jaiz Bank weakened by 9.21 percent to N2.17, and Deap Capital declined by 9.09 percent to N1.20.

At the Tuesday session, investors transacted 286.1 million shares worth N26.8 billion in 9,650 deals versus the 305.0 million shares worth N19.8 billion traded in 8,083 deals in the previous day, this indicated a fall in the trading volume by 6.20 percent and a rise in the trading value and the number of deals by 36.04 percent and 19.39 percent, respectively.

Access Holdings topped the activity chart with 46.0 million equities sold for N928.5 million while Zenith Bank followed with 30.4 million shares worth N1.1 billion.

Investors transacted 25 million stocks of Aradel Holdings valued at N20.8 billion. UBA and Veritas Kapital experienced 16.9 million shares worth N412.9 million and 15.1 million equities valued at N22.7 million, respectively.