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 %|
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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