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Nigerian Exchange Limited

NGX-ASI Depreciates by 0.68 Percent Last Week as 27 Equities Closed in Red

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The Nigerian Exchange Limited (NGX) All-Share Index sheds 0.68 percent to extend its decline to 41,882.97 index points last week.

Investors exchanged a total of 2.630 billion shares worth N26.900 billion in 20,848 deals, in contrast to a total of 1.278 billion shares valued at N17.340 billion that were exchanged in 21,052 deals in the previous week.

The Financial Services Industry led the activity chart with 2.234 billion shares valued at N21.449 billion traded in 11,482 deals. Therefore, contributing 84.95 percent and 79.73 percent to the total equity turnover volume and value, respectively. The Services Industry followed with 157.089 million shares worth N695.798 million in 465 deals.

In third place was The Consumer Goods Industry, with a turnover of 71.016 million shares worth N1.708 billion in 3,019 deals.

FBN Holdings Plc, Sterling Bank Plc and C & I Leasing Plc accounted for 1.607 billion shares worth N14.751 billion in 1,646 deals, contributing 61.13 percent and 54.84 percent to the total equity turnover volume and value, respectively.

The market value of all listed equities dipped by N149 billion from N22.003 trillion recorded in the previous week to N21.854 trillion last week.

All other indices finished higher with the exception of NGX 30, NGX Premium, NGX Lotus II and NGX Industrial Goods indices which depreciated by 0.54 percent, 2.25 percent, 1.31 percent and 5.42 percent respectively while the NGX ASeM, NGX AFR Div Yield, and NGX Sovereign Bond Indices closed flat.

Thirty-five equities appreciated in price during the week, higher than eighteen equities in the previous week. Twenty-seven equities depreciated in price, lower than forty-nine equities in the previous week, while ninety-four equities remained unchanged higher than eighty-nine equities recorded in the previous week. The Exchange’s year to date gain moderated further to 4 percent.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Nigerian Exchange Limited

FBN Holdings, Other Stocks Lift NGX Market Value by N2 Billion on Tuesday

First Bank of Nigeria, Fidelity Bank, Zenith Bank, Linkage Assurance among others lifted the market value of the Nigerian Exchange Limited (NGX) by N2 billion on Tuesday. 

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Nigerian Exchange Limited - Investors King

FBN Holdings, Fidelity Bank, Zenith Bank, Linkage Assurance among others lifted the market value of the Nigerian Exchange Limited (NGX) by N2 billion on Tuesday. 

Trading session on the NGX on Tuesday 20th, 2022 witnessed some sell-off, especially in the blue-chip stocks. However, despite the sell-off, investors gained N2 billion in value as market capitalisation went up to N26.670 trillion. 

NGX All-Share Index (ASI) rose by 5.10 points, representing a growth of 0.01 percent to close at 49,445.31 points. 

Investors King analysis shows that the gains recorded in First Bank, Fidelity bank, Zenith Bank, Linkage Assurance, Briscoe Nigeria and six others were responsible for the marginal gain recorded on the Exchange today. 

R.T. Briscoe Nigeria led gainers with 10 percent to close at 33 kobo per share. First Bank of Nigeria Holdings followed with a gain of 5.00 percent to close at N10.50, while Linkage Assurance rose by 4.35 percent to call it a day at 48 kobo a share.

Also, Regency Alliance Insurance went up by 4.00 percent to close at 26 kobo. Mutual Benefits Assurance appreciated by 3.70 percent to settle at 28 kobo a unit.

Among gainers were Fidelity Bank and Jaiz Bank, the two added 2.05 percent and 1.20 kobo to close at N3.48 kobo and 84 kobo, respective.

Other stocks that appreciated on Tuesday include TransNational Corporation which appreciated by 95 percent to close at N1.06 kobo. Capital Hotel gained 29 percent to close at N3.41 kobo. Zenith Bank also garnered 25 percent to close at N19.80 kobo.

However on the losers side, TotalEnergies Marketing Nigeria led the pack by 9.98 percent to close at N211.10. Learn Africa followed with a decline of 9.71 per cent to close at N1.86, while Honeywell Flour Mills shed 8.13 percent to close at N2.26, per share. 

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Nigerian Exchange Limited

Red Star, Beta Glass, Others Top Losers as Stock Investors Lose N119 Billion Last Week

The Nigerian stock market closed in the red last week despite posting a 0.70% gain in the previous week.

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Nigerian Stock Exchange

The Nigerian stock market closed in the red last week despite posting a 0.70% gain in the previous week.

Investors exchanged a total of 719.398 million shares worth N8.004 billion in 17,444 deals, against a total of 949.819 million shares valued at N9.329 billion that exchanged hands in 18,525 deals in the previous week.

Breaking down activity in key sectors, the Financial Services Industry led the activity chart with 411.407 million shares valued at N3.943 billion traded in 9,471 deals. Therefore, contributing 57.19% and 49.26% to the total equity turnover volume and value respectively.

The ICT Industry followed with 177.815 million shares worth N955.781 million in 1,573 deals. The third place was the Conglomerates Industry, with a turnover of 36.577 million shares worth N2.332 billion in 2,425 deals.

Courteville Business Solutions Plc, Zenith Bank Plc and Access Holdings Plc were the three most traded equities and accounted for 278.293 million shares worth N1.984 billion that exchanged hands in 3,038 deals. The three contributed a combined 38.68% and 24.78% to the total equity turnover volume and value respectively.

The Nigerian Exchange Limited (NGX) All-Share Index depreciated by -219.70 index points, or 0.44% to 49,475.42, down from 49,475.42 index points recorded in the previous week. The market value of all listed equities declined by N119 billion from N26.805 trillion it closed in the previous week to N26.686 trillion last week.

Similarly, all other indices finished lower while the NGX ASeM and NGX Growth indices closed flat.

Thirteen equities appreciated in price during the week, lower than twenty-two equities in the previous week. Thirty-nine equities depreciated in price higher than Thirty-six in the previous week, while one-hundred and four equities remained unchanged higher than ninety-eight equities recorded in the previous week.

The Exchange year-to-date return to 15.82%. See details of top gainers and losers below.

Top 10

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Nigerian Exchange Limited

Nigerian Stock Market Shed N187 Billion On Tuesday

Nigeria’s equity market decreased by 0.69 percent on Tuesday

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Nigeria’s equity market decreased by 0.69 percent on Tuesday. Driven majorly by increased sell pressure in stocks like NGX Group Plc, Zenith Bank Plc, NPF Microfinance Bank Plc and Livestock Feeds Plc, the stock lost about N187 billion. 

NGX Group was the most affected after its share price dropped from N21 to N20, down by N1 or 4.76percent.

This was followed by Zenith Bank Plc which dropped from N21 to N20.25, down by 75 kobo or 3.57 percent; while NPF Microfinance Bank Plc dipped from N1.66 to N1.53, losing 13 kobo or 7.83 percent.

Sterling Bank, Transcorp, Zenith Bank, GTCO and UBA were the most traded stocks as investors in 4,247 deals exchanged 138,991,046 shares valued at N2.725 billion.

The market’s All-Share Index (ASI) and capitalisation decreased further on Tuesday from the preceding day’s highs of 49,991.41 points and N26.964 trillion respectively to 49,644.92 points and N26.777 trillion.

These drops are a continuation of the wider equity sell-off because of the uncertainty in the market. 

Reacting to this mixed development, an analyst at PAC Holdings, Wole Adeyeye, said some investors migrated from the stock market to the fixed-income market in a move to take advantage of high yields, which was triggered by the recent hike in policy rate. 

He stated further that “ foreign investors avoided the Nigerian stock market due to the upcoming general elections, weak local currency and insecurity in the country.” 

While this trend may likely continue for a couple of months because of the attractiveness of the fixed income market which is expected to remain relatively high and the uncertainty surrounding the economy which has created a degree of fear for investors, the long-term outlook of the equity market looks positive.

 

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