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.
Dangote Sugar, Stanbic, Others Closed in Red as an Anonymous Investor Dumps N29 Billion on Dangote Cement
Stocks of Dangote Sugar, Stanbic Bank, Ardova, FCMB and others led the Nigerian Exchange Limited (NGX) decline on Thursday despite the bourse extending its this year gains to 7.45 percent.
The market value of all listed stocks gained N248 billion from N24.477 trillion it closed on Wednesday to N24.725 trillion on Thursday. The NGX All-Share Index appreciated by 1.01 percent on Wednesday after posting a 1.73 percent gain on Tuesday to close at 45,890.52 index points.
Activity at the exchange rose to a record-high as investors traded 873,492,331 shares valued at N31.542 billion in 4,342 transactions, more than 300 percent of 252,938,074 shares worth N8.9255 billion that exchanged hands in 4,218 deals on Wednesday.
The increase was a result of jumped in Dangote Cement activity level. Investor or group of investors, likely in insider dealings – expected to be announced soon, transacted 102,917,075 shares of Dangote Cement valued at N28.779 billion. The transaction accounted for 91.24 percent of the total N31.542 billion traded on Thursday.
Breaking down the performance of each sector, the banking industry index appreciated by 36 basis points (bps) on the back of an increase in value of Jaiz Bank (+6.35%), Unity Bank (+6.25%), Sterling Bank (+0.64%), UBA (+0.61%), Access Bank (+0.51%) and Zenith Bank (+0.19%).
Similarly, the industrial index appreciated by 272 basis points (bps) on 5.52 percent gain in Dangote Cement, the most capitalised Nigeria’s listed company. WAPCO lost 0.39 percent points.
The consumer goods sector was weighed upon by a 2.74 percent decline in Dangote Sugar, 1.49 percent decline in the value of Honey Flour and 1.25 percent drop in Champion. However, NNFM, Cadbury and Interbrew posted gains.
Despite the jump in the value of global oil prices to over $90 a barrel this week, the Nigerian oil sector shed 9 bps on a 2.60 percent decline recorded by Ardova. See the details of top gainers and losers below.
|NNFM||N 6.55||N 7.20||0.65||9.92 %|
|LEARNAFRCA||N 1.18||N 1.29||0.11||9.32 %|
|CADBURY||N 8.80||N 9.50||0.70||7.95 %|
|LINKASSURE||N 0.53||N 0.57||0.04||7.55 %|
|JAIZBANK||N 0.63||N 0.67||0.04||6.35 %|
|DANGSUGAR||N 18.25||N 17.75||-0.50||-2.74 %|
|STANBIC||N 37.00||N 36.00||-1.00||-2.70 %|
|ARDOVA||N 13.45||N 13.10||-0.35||-2.60 %|
|FCMB||N 3.00||N 2.95||-0.05||-1.67 %|
|HONYFLOUR||N 3.35||N 3.30||-0.05||-1.49 %|
Stock Investors Gained N526 Billion in Three Days
Investors in the Nigerian Exchange Limited (NGX) have realised a combined N526 billion gain in the last three trading sessions to offset Monday’s decline. The Exchanged, which closed at N23.951 trillion market value on Friday, increased to N24.477 trillion on Wednesday.
On Monday, NGX dipped by N29 billion to N23.922 trillion but quickly rebounded on Tuesday and sustain its expansion on Wednesday on the back of renewed interest in the bourse.
Activity level rose on Wednesday as investors traded 252,938,074 shares worth N8.9255 billion in 4,218 transactions, against 235,233,902 shares worth N1.918 billion that exchanged hands in 4,151 deals on Tuesday.
Breakdown of performance showed the NGX Banking Index appreciated 50bps on the back of improvement in Union Bank of Nigeria (+4.46%), Access Bank (+0.52%) and Zenith Bank (+0.39%). Jaiz Bank (-4.55%), Unity Bank (-2.04%), Wema Bank (-1.15%) and ETI (-0.56%) lost points.
The NGX Consumer Goods Index shed 2bps on Champion (-1.23%) and Honey Flour (-0.59%). While the NGX Oil and Gas Index gained 221bps on Seplat (+4.36%) and the NGX Industrial index closed flat.
NGX All-share Index appreciated by 1.73 percent to 45,430.14 index points, up from 44,655.89 index points it closed on Tuesday. While market value rose by N418 billion from N24.059 trillion it settled on Tuesday to N24.477 trillion on Wednesday.
A total of 16 large stocks posted gains, against 17 stocks that closed in the red. The year-to-date return rose to 6.35 percent. See the details of top gainers and losers below.
|AIRTELAFRI||N 1050.50||N 1155.50||105.00||10.00 %|
|CORNERST||N 0.50||N 0.53||0.03||6.00 %|
|COURTVILLE||N 0.38||N 0.40||0.02||5.26 %|
|UBN||N 5.60||N 5.85||0.25||4.46 %|
|SEPLAT||N 690.00||N 720.10||30.10||4.36 %|
|FTNCOCOA||N 0.39||N 0.36||-0.03||-7.69 %|
|CHIPLC||N 0.69||N 0.64||-0.05||-7.25 %|
|REGALINS||N 0.45||N 0.42||-0.03||-6.67 %|
|JAPAULGOLD||N 0.42||N 0.40||-0.02||-4.76 %|
|JAIZBANK||N 0.66||N 0.63||-0.03||-4.55 %|
Nigeria’s Stocks Market Resumes Bullish Run
Nigeria’s equities market rebounded from Monday’s decline to extend its bullish run for the year by N137 billion on Tuesday.
Investors traded 235,233,902 shares worth N1.918 billion in 4,151 deals during the trading hours of Tuesday, against 214,315,212 shares valued at N2.689 billion that exchanged hands in 4,410 transactions on Monday.
The Nigerian Exchange Limited (NGX) All-Share Index gained 0.58 percent to 44,655.89 index points, up from 44,399.66 index points it settled on Monday. Market value appreciated by N137 billion from N23.922 trillion to N24.059 trillion on Tuesday.
A sectoral breakdown showed that the NGX Banking Index appreciated by 98bps on the back of ETI (+3.45%), Access Bank (+2.11%), Unity Bank(+2.08%), Fidelity Bank (+1.89%), Sterling Bank (+1.29%), and Zenith Bank (+0.78%). Wema Bank and Union Bank closed in the red with -2.25 percent and UBN -0.88 percent, respectively.
The NGX Consumer Goods Index rose by 69bps on 7.35 percent and 0.18 percent gain in Dangote Sugar and Flour Mill, respectively. While the Oil and Gas Index also inched higher by 25 basis points on Eterna and Conoil’s 5.83 percent and 3.05 percent gains.
Berger and BUA Cement bolstered the Industrial Index, the index appreciated by 95bps on 5.84 percent and 2 percent increase from Berger and BUA Cement. WAPCO, however, dragged on the index as it sheds 0.39 percent lost points.
The Exchange year-to-date return rose to 4.54 percent. See top gainers and losers below.
|SKYAVN||N 5.30||N 5.83||0.53||10.00 %|
|COURTVILLE||N 0.35||N 0.38||0.03||8.57 %|
|FTNCOCOA||N 0.36||N 0.39||0.03||8.33 %|
|DANGSUGAR||N 17.00||N 18.25||1.25||7.35 %|
|BERGER||N 7.70||N 8.15||0.45||5.84 %|
|NEM||N 3.96||N 3.63||-0.33||-8.33 %|
|SUNUASSUR||N 0.34||N 0.32||-0.02||-5.88 %|
|REGALINS||N 0.47||N 0.45||-0.02||-4.26 %|
|SOVRENINS||N 0.25||N 0.24||-0.01||-4.00 %|
|WAPIC||N 0.51||N 0.49||-0.02||-3.92 %|
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