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Nigerian Exchange Limited

MTN, Afriprud, UPDC, Others Top Losers as Investors Lose N410 Billion

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stock - Investors King

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.

Top Gainers 

Symbols Last Close Current Change %Change
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 %

Top Losers

Symbols Last Close Current Change %Change
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 %

Top Trades

Symbols Volume Value
FBNH 133995395.00 1573889108.40
UNIVINSURE 36193828.00 7238765.60
ZENITHBANK 18339499.00 440113529.90
GTCO 13593251.00 334804045.25
TRANSCORP 10536458.00 10188184.33

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

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Nigerian Exchange Limited

Nigerian Stocks Market Posts Second Decline in 2022

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stock bear - Investors King

The Nigerian Exchange Limited (NGX) posted its second decline in 2022 on Thursday as the NGX All-Share Index shed 0.01 percent to close at 44,604.74 index points.

Activity on the Exchange floor was mixed as investors traded 321,753,226 shares worth N3.655 billion in 4,565 transactions during the trading hours of Thursday, against 266,328,204 shares valued at N3.822 billion in 4,502 deals during the trading hours of Wednesday.

Market value of listed equities dipped slightly to N24.032 trillion, down from N24.034 trillion it closed on Wednesday.

Sectorial performance showed the NGX Banking Index gained 7bps on JAIZBANK (+6.06%), STERLNBANK (+0.66%), ETI (+0.58%) and ZENITHBANK (+0.20%). UBN (-1.77%) lost points. While the NGX Consumer Goods Index gained 16bps on INTBREW (+4.04%). Losers were HONYFLOUR (-2.35%) and UNILEVER (-1.49%).

The NGX Oil and Gas and Industrial Indexes closed flat.

The year-to-date return of the Exchange stood at 4.42 percent as 14 stocks closed in the green against a total of 15 stocks that lost points. See the other details below.

Top Gainers 

Symbols Last Close Current Change %Change
TRANSCORP N 1.03 N 1.13 0.10 9.71 %
CHIPLC N 0.63 N 0.68 0.05 7.94 %
REGALINS N 0.42 N 0.45 0.03 7.14 %
JAIZBANK N 0.66 N 0.70 0.04 6.06 %
INTBREW N 4.95 N 5.15 0.20 4.04 %

Top Losers

Symbols Last Close Current Change %Change
NEM N 4.40 N 3.96 -0.44 -10.00 %
CUSTODIAN N 7.90 N 7.15 -0.75 -9.49 %
UACN N 9.60 N 9.10 -0.50 -5.21 %
FTNCOCOA N 0.39 N 0.37 -0.02 -5.13 %
JAPAULGOLD N 0.45 N 0.43 -0.02 -4.44 %

Top Trades

Symbols Volume Value
TRANSCORP 104577412.00 115220278.03
JAIZBANK 66714125.00 45050551.78
MBENEFIT 13746763.00 3754719.34
FBNH 12587856.00 151301248.60
GTCO 10922827.00 277933410.55

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Nigerian Exchange Limited

Alain Francis Nkontchou Invests Almost N1 Billion in Ecobank

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Alain Nkontchou as Chairman Ecobank - Investors King

Alain Francis Nkontchou, Chairman and Non-Executive Director of Ecobank Transnational Incorporated, has dumped almost N972,206,546.2 on shares of Ecobank.

The bank disclosed in a statement signed by Madibinet Cisse, Company Secretary and obtained by Investors King.

Alain Nkontchou purchased 131,379,263 shares at an aggregate price of N7.40 a unit between 1 September 2021 and 20 December 2021 from shares offered for sale in the market at the Nigerian Exchange Limited trading office in Lagos Nigeria.

The disclosure is in line with SEC’s new insider dealing declaration ACT to force transparency policy across the Nigerian capital market.

Alain Nkontchou was appointed as Chairman of Ecobank on June 30, 2021. Prior to joining the bank, Alain Nkontchou is the Managing Partner and co-founder of Enko Capital Management LLP, an asset management company based in London and Johannesburg, which focuses on African investment opportunities.

Mr Nkontchou was an advisor at Laurent Perrier champagne, having been a NonExecutive Director from 1999 to 2009. He was Managing Director of Credit Suisse’s Global Macro Trading Group in London between 1995 and 2008 and also at JP Morgan Chase & Co. in the same capacity.

Between 1989 and 1994, he was with Chemical Bank in Paris and New York, where he became Vice- President, Head of Trading and Sales.

Mr Nkontchou has a track record of business success, having generated significant dollar revenues for each of these top tier institutions. He has an MSc in Electrical Engineering from Supélec and P.M. Curie University, Paris, and an MSc in Finance and Accounting from ESCP (Ecole Supérieure de Commerce de Paris).

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Nigerian Exchange Limited

Jaiz Bank, Unity Bank, Others Lead Stock Gainers on Wednesday

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Stock bull - Investors King

The Nigerian Exchange Limited (NGX) extended gains on Wednesday on the back of a strong positive close in Jaiz Bank, Academy Press Plc, Unity Bank Plc and others.

Investors transacted  266,328,204 shares worth N3.822 billion in 4,502 deals during the trading hours of Wednesday to push the NGX All-Share Index to 44,608.82 index points, an increase of 1.71 percent. The market value of all listed equities crossed N24 trillion to N24.034 trillion.

The Exchange year-to-date improved to 4.43 percent as  24 stocks closed in the red against 15 stocks lost points.

Sectorial performance showed that the NGX Banking Index gained 39bps on JAIZBANK (+10.00%), UNITYBANK (+8.70%), WEMABANK (+2.30%), UBA (+1.23%), FIDELITYBK (+1.18%) and ZENITHBANK (+0.20%). STERLINGBANK (-1.95%) and ETI (-0.58%) lost points.

Similarly, the NGX Consumer Goods Index gained 14bps on CHAMPION (+3.40%), GUINNESS (+2.93%), and PZ (+2.14%). HONYFLOUR (-2.86%) lost points.

The NGX Oil and Gas Index gained 137bps on SEPLAT (+2.99%) and ETERNA (+0.72%). CONOIL (-3.18%) lost points. While the NGX Industrial index gained 306bps on DANGCEM (+6.18%).

Top Gainers

Symbols Last Close Current Change %Change
JAIZBANK N 0.60 N 0.66 0.06 10.00 %
ACADEMY N 0.60 N 0.66 0.06 10.00 %
UNITYBNK N 0.46 N 0.50 0.04 8.70 %
SOVRENINS N 0.24 N 0.26 0.02 8.33 %
MBENEFIT N 0.27 N 0.29 0.02 7.41 %

Top Losers

Symbols Last Close Current Change %Change
CHIPLC N 0.69 N 0.63 -0.06 -8.70 %
REGALINS N 0.46 N 0.42 -0.04 -8.70 %
SUNUASSUR N 0.37 N 0.34 -0.03 -8.11 %
AIICO N 0.81 N 0.78 -0.03 -3.70 %
NEIMETH N 1.86 N 1.80 -0.06 -3.23 %

Top Trades

Symbols Volume Value
TRANSCORP 89018465.00 89873994.14
FBNH 30490813.00 365671267.10
JAIZBANK 14202981.00 8974210.38
STERLNBANK 11694884.00 17701731.69
GTCO 9830679.00 250318990.75

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