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Nigerian Exchange Limited

Equities Market Opens the Week in Green

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Stock - Investors King

Nigeria’s equities market on Monday closed in the green, shaving off last week’s weak sentiment and negative closing. Investors exchanged 2,402,071,798 shares valued at N16.467 billion in 4,811 deals during the trading hours of Monday.

Market value of listed equities gained N22 billion to N22.576 trillion from N22.554 trillion it closed on Friday while All-Share Index appreciated by 60.86 index points or 0.14 percent to 43,260.13 index points, up from 43,199.27 index points achieved last week.

The Exchange’s year-to-date return rose to 7.42 percent. A total of 18 stocks closed in the green while 16 stocks closed in the red.

Sectorial analysis showed the banking index gained 76 basis points  on Zenith Bank (+1.26 percent), Fidelity Bank (+1.17 percent), ETI (+1.16 percent) and ACCESS (+1.11 Percent).

The consumer goods index lost 13 bps on Dangote Sugar (-1.79 percent). Honeywell Flour Mill led gainers with (+9.73 percent), Champion (+3.83 percent), Nestle (+1.83 percent) and PZ (+1.67 percent).

The NGX oil and gas index closed up 127 basis points on Oando (+5.97 percent) and Conoil (+2.53 percent). Industrial index lost 14bps on CUTIX (-3.43 percent) and WAPCO (-2.20 percent).

Top Gainers

Symbols Last Close Current Change %Change
HONYFLOUR N 3.39 N 3.72 0.33 9.73 %
NEM N 1.90 N 2.05 0.15 7.89 %
FBNH N 11.55 N 12.30 0.75 6.49 %
OANDO N 4.86 N 5.15 0.29 5.97 %
CHAMPION N 2.61 N 2.71 0.10 3.83 %

Top Losers

Symbols Last Close Current Change %Change
TIP N 0.41 N 0.37 -0.04 -9.76 %
UPDC N 1.54 N 1.39 -0.15 -9.74 %
FTNCOCOA N 0.44 N 0.40 -0.04 -9.09 %
JAPAULGOLD N 0.41 N 0.39 -0.02 -4.88 %
UNIVINSURE N 0.21 N 0.20 -0.01 -4.76 %

Top Trades

Symbols Volume Value
OANDO 1973141731.00 11834167474.57
MBENEFIT 133975911.00 32590890.84
FBNH 88658749.00 1076768706.65
GTCO 43152021.00 1103545974.60
STERLNBANK 25499280.00 37749101.85

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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