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Nigerian Exchange Limited

Dangote Sugar, Stanbic, Others Closed in Red as an Anonymous Investor Dumps N29 Billion on Dangote Cement

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Stock Bull - Investors King

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.

Top Gainers

Symbols Last Close Current Change %Change
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 %

Top Losers

Symbols Last Close Current Change %Change
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 %

Top Trades

Symbols Volume Value
CWG 517576289.00 300194247.62
DANGCEM 102917075.00 28779893991.30
FBNH 54041026.00 647958220.70
TRANSCORP 34103184.00 34704157.60
SOVRENINS 20985290.00 4886794.70

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 Activity Rises as Investors Gained N298 Billion

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Stock Bull - Investors King

The Nigerian Exchange Limited (NGX) rebounded from its three days of consecutive declines to close in the green on Thursday despite only 21 stocks recording gains, against 29 stocks that dipped.

Activity in the Nigerian stock market rose on Thursday as investors exchanged 274,556,626 stocks valued at N8.447 billion in 5,184 deals, against 611,973,850 shares worth N 7.426 billion that exchanged hands in 5,948 transactions on Wednesday.

Transcorp was the most traded equity, accounting for 48,381,202 shares valued at N61,433,118.18. MTN Nigeria followed with 20,601,952 shares worth N5,494,941,075.80.

Breaking down each sector, the banking sector shed 76 basis points as stocks of Fidelity Bank, Ecobank, Union Bank of Nigeria, Unity Bank and Zenith Bank closed in the red. Sterling Bank and United Bank for Africa were some of the gainers in the sector.

Similarly, the consumer goods index dropped 23 basis points on the back of a 4.29% decline in Champion, 1.84% loss in Intbrew and a 1.33% decline in Unilever. PZ closed with a 0.37% gain.

The decline in value of Conoil, Ardova and Oando dragged oil and gas index down by 79bps. However, the industrial index, the only sector that closed in the green, posted a 14bps gain as Wapco gained 1.59%.

The market capitalisation of all listed stocks appreciated by N298 billion from N28.423 trillion it settled on Wednesday to N28.721 trillion on Thursday. While NGX All-Share Index appreciated by 1.05% to 53,275.49 index points, up from 52,721.34 index points recorded on Wednesday.

The Exchange year-to-date inched slightly higher to 24.72%. See the details of top gainers and losers below.

Top Gainers

Symbols Last Close Current Change %Change
TRANSCOHOT N 5.36 N 5.89 0.53 9.89 %
BETAGLAS N 57.00 N 62.55 5.55 9.74 %
MCNICHOLS N 1.77 N 1.94 0.17 9.60 %
VERITASKAP N 0.21 N 0.23 0.02 9.52 %
MULTIVERSE N 0.22 N 0.24 0.02 9.09 %

Top Losers

Symbols Last Close Current Change %Change
CONOIL N 31.50 N 28.35 -3.15 -10.00 %
ETERNA N 7.30 N 6.60 -0.70 -9.59 %
PRESTIGE N 0.44 N 0.40 -0.04 -9.09 %
CHAMS N 0.24 N 0.22 -0.02 -8.33 %
ROYALEX N 1.36 N 1.26 -0.10 -7.35 %

Top Gainers 

Symbols Volume Value
TRANSCORP 48381202.00 61433118.18
MTNN 20601952.00 5494941075.80
CONOIL 14343947.00 409104093.15
GTCO 13729757.00 328084274.55
FBNH 13536021.00 162456410.40

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Nigerian Exchange Limited

Nigerian Stock Market Shed 0.07% Despite Investors Dumping N1.897 Billion on FBN Holdings

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stock - Investors King

The Nigerian Exchange Limited (NGX)  shed 0.07% in value on Wednesday to extend its decline despite investors dumping N1.897 billion shares of FBN Holdings Plc following as announcement it was acquiring Access Bank owned pension company.

Investors exchanged 611,973,850 shares valued at N 7.426 billion in 5,948 transactions during the trading hours of Wednesday. FBN Holdings led the most traded stocks with 153,336,385 shares worth N1,897,131,354.35. This was followed by Jaiz Bank and GTCo as shown in the table below.

Analysis of sectoral performance revealed that the banking index appreciated by 10 basis points on moderate gains in Zenith Bank and Fidelity Bank. Wema Bank dipped by 7.61%.

The consumer goods index also rose by 29 basis points as stocks of Champion, Unilever, PZ, Interbrew and Cadbury grew by 7.03%, 2.74%, 1.89%, 1.24% and 0.85%, respectively.  Honey Flour shed 1.06%.

Also, the oil and gas index expanded its gain by 19 basis points on the back of slight gains in Oando (1.3%) and Seplat (o.o1%). However, the industrial index declined by 19 basis points on an 8.86% decline in BERGER, 4.14% in Cutix  and 2.41% in Wapco.

The market capitalisation of all the listed equities depreciated to N28.423 trillion while the NGX All-Share Index lost 0.07% to close the day at 52,721.34 index points. A total of 21 stocks appreciated during the trading hours of Wednesday while 23 stocks lost points. The year-to-date gain moderated to  23.42%. See the details of top gainers and losers below.

Top Gainers 

Symbols Last Close Current Change %Change
MCNICHOLS N 1.61 N 1.77 0.16 9.94 %
TRANSCOHOT N 4.88 N 5.36 0.48 9.84 %
CHAMPION N 3.70 N 3.96 0.26 7.03 %
CHIPLC N 0.61 N 0.65 0.04 6.56 %
MULTIVERSE N 0.21 N 0.22 0.01 4.76 %

Top Losers 

Symbols Last Close Current Change %Change
ACADEMY N 1.51 N 1.36 -0.15 -9.93 %
BERGER N 7.90 N 7.20 -0.70 -8.86 %
NEIMETH N 1.75 N 1.60 -0.15 -8.57 %
MAYBAKER N 4.70 N 4.30 -0.40 -8.51 %
WEMABANK N 3.55 N 3.28 -0.27 -7.61 %

Top Trades

Symbols Volume Value
FBNH 153336385.00 1897131354.35
JAIZBANK 116641894.00 104480216.46
GTCO 65930061.00 1577428696.70
FCMB 43484514.00 152172006.66
TRANSCORP 40734151.00 57855266.09

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Nigerian Exchange Limited

Equities Market Opens the Week in Red as Market Value Drops N83 Billion

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stock bear - Investors King

The Nigerian equities market opens the new week in the red as investors continue to take profit following a N1.2 trillion profit recorded last week.

Investors traded 374,183,929 shares worth N4.964 billion in 6,854 transactions during the trading hours of Monday. Transcorp was the most traded stock with 88,586,250 shares worth N118,991,205.60. Jaiz Bank followed with  87,416,065 shares valued at N77,857,596.57.

Breaking down each sector, the banking index declined by 24 basis points as stocks of Unity Bank, United Bank for Africa, Zenith Bank and Fidelity Bank shed 5.56%, 1.25%, 0.61% and 0.27%, respectively. Gainers include Union Bank and Sterling Bank, both gained 1.55% and 1.32%, respectively.

Similarly, the consumer goods index shed 62bps on a broad-based selloff. Champion lost 9.84%, Interbrew declined by 9.09% and Flour Mills dipped by 1.69%. Cadbury, Unilever, PZ, Honey Flour and Nascon closed in the green.

The industrial index also post a decline as the index dropped 64bps on a 8.28% decline in Wapco.

However, the oil and gas index grew by 60bps on a 4.33% and 0.01% increase in values of Oando and Seplat, respectively.

Market capitalisation of all listed equities depreciated by N83 billion from N28.626 trillion it closed on Friday to N28.543 trillion on Monday. While the Nigerian Exchange Limited (NGX) All-Share Index dipped by 0.29% to 52,944.09 index points.

A total of 27 stocks recorded gains on Monday while 20 stocks closed in the red. See the details of top gainers and losers below.

Top Gainers

Symbols Last Close Current Change %Change
MCNICHOLS N 1.34 N 1.47 0.13 9.70 %
NNFM N 9.95 N 10.90 0.95 9.55 %
TRANSCORP N 1.29 N 1.40 0.11 8.53 %
WAPIC N 0.42 N 0.45 0.03 7.14 %
CHIPLC N 0.57 N 0.61 0.04 7.02 %

Top Losers 

Symbols Last Close Current Change %Change
CHAMPION N 4.37 N 3.94 -0.43 -9.84 %
GLAXOSMITH N 7.90 N 7.15 -0.75 -9.49 %
INTBREW N 8.80 N 8.00 -0.80 -9.09 %
NEIMETH N 1.92 N 1.76 -0.16 -8.33 %
WAPCO N 31.40 N 28.80 -2.60 -8.28 %

Top Trades

Symbols Volume Value
TRANSCORP 88586250.00 118991205.60
JAIZBANK 87416065.00 77857596.57
ACCESSCORP 28751534.00 278563992.70
INTBREW 16211327.00 130237217.50
IKEJAHOTEL 11375705.00 12628074.12

 

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