The Nigerian Exchange Limited (NGX) started the year with a strong positive momentum despite the fact that most businesses and investors will just be resuming fully today. The NGX market value grew by 5.97 percent to N23.628 trillion in the four trading days week, while the NGX All-Share Index gained 2.66 percent to settle at 43,854.42 index points.
Investors traded a total of 2.027 billion shares worth N59.014 billion in 15,750 deals last week, in contrast to a total of 995.361 million shares valued at N13.209 billion that exchanged hands in 10,264 deals last week.
In terms of volume traded, the consumer goods industry led the activity chart with 1.255 billion shares valued at N 51.973 billion traded in 2,581 deals. Therefore, contributing 61.90 percent and 88.07 percent to the total equity turnover volume and value respectively. The Financial Services Industry followed with 537.959 million shares worth N4.627 billion in 8,015 deals.
In third place was The ICT Industry, with a turnover of 76.906 million shares worth N704.346 million in 933 deals.
BUA Foods Plc, Wema Bank Plc, and Transnational Corporation of Nigeria Plc were the three most traded stocks last week, accounting for a combined 1.349 billion shares worth N51.253 billion in 1,120 deals and contributed 67 percent and 86.85 percent to the total equity turnover volume and value, respectively.
The Exchange opened the year with a weekly gain of 2.66 percent year-to-date.
Similarly, all other indices finished higher with the exception of NGX Premium, NGX insurance,
NGX AFR Div Yield, NGX Meri Growth, NGX Consumer Goods, NGX Lotus II Indices, which depreciated by 0.47 percent, 0.93 percent, 0.97 percent,0.66 percent, 0.87 percent, and 0.12 percent, respectively while the NGX ASem and NGX Sovereign bond indices closed flat.
Forty equities appreciated in price during the week, higher than Thirty-seven equities in the previous week. Thirty-one equities depreciated in price, higher than Twenty-one equities in the previous week, while Eighty-four equities remained unchanged compared to ninety-nine equities recorded in the previous week.
Nigerian Stocks Market Posts Second Decline in 2022
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.
|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 %|
|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 %|
Alain Francis Nkontchou Invests Almost N1 Billion in Ecobank
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).
Jaiz Bank, Unity Bank, Others Lead Stock Gainers on Wednesday
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%).
|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 %|
|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 %|
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