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Nigerian Exchange Limited

Nigerian Stock Market Closed 2021 Strong, Gained 1.07 Percent Last Week

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The Nigerian Exchange Limited (NGX) posted a strong gain in the last week of 2021 to extend the year-to-date return to 6.07 percent.

In the three-day trading week, investors exchanged 995.361 million shares worth N13.209 billion in 10,264 transactions, in contrast to a total of 965.061 million shares valued at N12.455 billion that exchanged hands in 14,802 deals in the previous week.

The Financial Services Industry led the activity chart with 843.972 million shares valued at N5.885 billion traded in 5,925 deals; thus contributing 84.79 percent and 44.55 percent to the total equity turnover volume and value, respectively. The Conglomerates Industry followed with 46.815 million shares worth N166.702 million in 368 deals.

In third place was The Construction/Real Estate Industry, with a turnover of 27.276 million shares worth N107.509 million in 315 deals.

Jaiz Bank Plc, FBN Holdings Plc, and Zenith Bank Plc accounted for 348.887 million shares worth N 3.4193 billion in 1,552 deals. Therefore, contributed 35.05 percent and 25.88 percent to the total equity turnover volume and value, respectively.

The NGX All-Share Index appreciated by 453.59 index points or 1.07 percent to close the week at 42,716.44 index points, up from 42,262.85 index points. While the market value of all listed equities gained 1.07 percent to settle at N22.297 trillion.

Similarly, all other indices finished higher with the exception of NGX Main Board, NGX Oil/Gas and NGX Industrial Goods Indices which depreciated by 0.84 percent, 1.09 percent and 3.91 percent, respectively while the NGX ASeM Index closed flat.

Thirty-seven equities appreciated in price during the week, higher than Thirty-three equities in the previous week. Twenty-one equities depreciated in price, lower than Twenty five equities in the previous week, while ninety-nine equities remained unchanged similar to ninety-nine equities recorded in the previous week. See top gainers and losers below.

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

Stock Investors Pockets N195 Billion Last Week

Nigeria’s stock investors gained N195 billion last week despite the drop in activity level at the Nigerian Exchange Limited (NGX).

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Nigeria’s stock investors gained N195 billion last week despite the drop in activity level at the Nigerian Exchange Limited (NGX).

Investors traded 705.636 million shares worth N12.850 billion in 22,124 deals during the week under review, in contrast to a total of 1.546 billion shares valued at N16.289 billion that exchanged hands in 23,873 deals in the previous week.

Breaking down key sectors, the Financial Services Industry led the activity chart with 442.525 million shares valued at N4.345 billion traded in 9,995 deals. Therefore, contributing 62.71% and 33.81% to the total equity turnover volume and value, respectively.

The Consumer Goods Industry followed with 82.126 million shares worth N2.176 billion in 3,875 deals. In third place was the Conglomerates Industry, with a turnover of 51.083 million shares worth N242.084 million in 694 deals.

Guaranty Trust Holding Company Plc, Zenith Bank Plc and FBN Holdings Plc were the three most traded equities last week. The three accounted for a combined 173.852 million shares worth N3.073 billion that were traded in 4,324 deals during the week. The three contributed 24.64% and 23.91% to the total equity turnover volume and value, respectively.

The NGX All-Share Index appreciated by 0.70%, or 352.08 index points from 50,370.25 index points it closed in the previous week to 50,722.33 index points last week.

The market capitalisation gained N195 billion to N27.358 trillion last week, up from N27.358 trillion it settled in the previous week.

Similarly, all other indices finished higher with the exception of The NGX-Main Board, NGX NGX Insurance, NGX Industrial Goods and NGX Sovereign Bond Indices which depreciated by 1.16%, 0.37%, 5.76% and 0.07% while, The NGX ASeM index closed flat.

Forty- one equities appreciated in price during the week, higher than eleven in the previous week. Twenty-two equities depreciated in price lower than fifty-three in the previous week, while ninety three equities remained unchanged higher than ninety-two equities recorded in the previous week.

The year-to-date gain tick slightly higher to 18.74%. See other details below.

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Nigerian Exchange Limited

GTCo, Zenith Bank, Access Bank Were The Most Traded Equities on Monday

Stocks of Guaranty Trust Holding Company Plc (GTCo Plc), Zenith Bank, Access Bank and other leading financial institutions were the most traded on Monday at the Nigerian Exchange Limited (NGX).

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Stocks of Guaranty Trust Holding Company Plc (GTCo Plc), Zenith Bank, Access Bank and other leading financial institutions were the most traded on Monday at the Nigerian Exchange Limited (NGX).

Investors transacted 176,053,708 shares worth N2.271 trillion in 4,965 deals during the trading hours of Monday. GTCO was the most traded stock with 21,371,040 shares estimated at N426,794,706.30. This was followed by Zenith Bank’s 20,445,680 shares valued at N429,282,785.05.

Analysing each sector, the banking sector gained 19 basis points (bps) on the back of 9.30% gain in Unity Bank, 1.45% appreciationg of Zenith Bank and 0.30% improvement in Wema Bank. Sterling Bank and Fidelity Bank shed 3.23% and 1.89%, respectively.

The consumer goods sector lost 13bps as stock of Intbrew and Maybaker declined by 6.54% and 6.42%, respectively. However, stocks of Champion, Unilever and Honey Flour closed in the green.

Industrial sector shed 418bps on 9.96% decline in the value of Bua Cement while the oil and gas sector closed flat.

NGX All-Share index extended its decline by 0.83% to 49,950.32 index points, down from 50,370.25 index points it closed on Friday. The market value of all listed equities also declined to N26.936 trillion, respresenting a decline of N226 billion from N27.163 trillion it settled on Friday.

The Exchange year to date return moderated from 17.92% on Friday to 16.93%. See other details below.

Top Gainers 

Symbols Last Close Current Change %Change
CAVERTON N 1.00 N 1.10 0.10 10.00 %
COURTVILLE N 0.40 N 0.44 0.04 10.00 %
CHAMPION N 3.65 N 4.00 0.35 9.59 %
UNITYBNK N 0.43 N 0.47 0.04 9.30 %
LIVESTOCK N 1.15 N 1.25 0.10 8.70 %

Top Losers

Symbols Last Close Current Change %Change
BUACEMENT N 69.30 N 62.40 -6.90 -9.96 %
MCNICHOLS N 0.91 N 0.82 -0.09 -9.89 %
NEIMETH N 1.55 N 1.40 -0.15 -9.68 %
INTBREW N 5.35 N 5.00 -0.35 -6.54 %
MAYBAKER N 3.58 N 3.35 -0.23 -6.42 %

Top Trades

Symbols Volume Value
GTCO 21371040.00 426794706.30
ZENITHBANK 20445680.00 429282785.05
ACCESSCORP 16784565.00 149668133.60
FBNH 14313464.00 153132806.80
UBA 14263232.00 100531057.85

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Nigerian Exchange Limited

We Remain Committed To Enhancing Investor Protection – IPF

The Board of Trustees (BoT) of the Investors’ Protection Fund (IPF) have assured investors that it remains committed to enhancing investors’ protection in the Nigerian capital market (NCM).

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Nigerian Exchange Limited - Investors King

The Board of Trustees (BoT) of the Investors’ Protection Fund (IPF) have assured investors that it remains committed to enhancing investors’ protection in the Nigerian capital market (NCM).

In a statement sent to the investing community, the IPF noted that it has approved an increase in the maximum compensation sum to investors who have suffered pecuniary losses from N400,000 to N500,000.

The statement said, “IPF at its meeting of 18 November 2021 approved an increase in the maximum compensation sum to investors who have suffered pecuniary losses from Four Hundred Thousand Naira (?400,000.00) to Five hundred Thousand Naira (?500,000.00) only.

The BoT reached this decision after due consultation, assessment of the limited resources of the IPF and the volume of claims pending against the IPF as well as the prevailing circumstances in the capital market in determining the increase in the maximum amount of compensation payable”.

According to the IPF, this is in accordance with Rule 26.16 (a) & (c): Amount of Compensation, Rulebook of The Exchange, 2015 (Investors’ Protection Fund Rules) as amended which provides thus: “The maximum compensation payable to an investor who has suffered a loss shall be an amount that is determined by the Board from a written policy from time to time; and where the loss is less than the maximum amount fixed by the Board at any given time, the investor may be paid the full amount of the loss, less any amount or value of all monies or other benefits received or receivable by him from a source other than the Fund in reduction of the loss.

Notwithstanding the above, the amount of compensation may be reviewed by the Board on a biennial basis or as otherwise agreed by the Board as the need arises from time to time. In determining the maximum amount of compensation payable, the Board shall take into account circumstances prevailing in the capital market”.

It thereafter noted that the increase which took effect from 18 November 2021 does not apply to claims made to the IPF before the approval of the increase while adding that it remains committed to enhancing investor protection.

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