Nigerian Exchange Limited
Dangote Cement, AIICO, Others Drag on Equities Market
The Nigerian equities market shed N280 billion on Thursday as stocks of Dangote Cement, Nem Insurance Plc, AIICO and others closed in the red.
Activity level at the Exchange dropped compared to Wednesday. Investors transacted 279,441,158 shares worth N2.763 billion in 4,582 deals during the trading hours of Thursday, against 328,997,020 shares valued at N4.817 billion that exchanged hands in 4,219 transactions on Wednesday.
Breaking down performance across sectors, the Nigerian Exchange Limited (NGX) banking index rose by 108 basis points (bps) on appreciation in Ecobank (+9.63%), United Bank for Africa (+0.61%), and Zenith Bank (+0.39%). Jaiz Bank (-4.29%) and Sterling Bank (-3.64%) lost points.
The NGX consumer good index also gained 177bps on 10.00% surged in the valued of Guinness, Intbrew (+10.00%), Unilever (+7.28%), PZ (+2.94%), Honey Flour (+2.65%), NB (+2.43%) and Cadbury (+2.33%). Flour Mills (-0.17%) lost points.
However, the NGX oil and gas index shed 48bps on Ardova (-4.96%) and Oando (-2.13%). But Seplat gained points after advancing by +0.13%. The NGX Industrial index lost 325bps largely due to Dangote Cement’s 8.53% decline, Nigeria’s most capitalised listed company. Cutix, BUA Cement and WAPCO, however, posted 4.17%, 2.87% and 1.19% gains, respectively.
The market value of listed equities shed N280 billion to close at N24.793 trillion, down from a record-high of N25.073 trillion it closed on Wednesday. NGX All-Share index depreciated by 1.12 percent from 46,529.99 index points on Wednesday to 46,009.23 index points on Thursday.
The bourse closed in red despite 26 stocks gaining points against 18 stocks that lost points. This was because of the decline in Dangote Cement. The year-to-date exchange moderated to 7.71 percent. See the details of top gainers and losers below.
Top Gainers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| GUINNESS | N 42.50 | N 46.75 | 4.25 | 10.00 % |
| INTBREW | N 5.00 | N 5.50 | 0.50 | 10.00 % |
| ETI | N 10.90 | N 11.95 | 1.05 | 9.63 % |
| PRESTIGE | N 0.42 | N 0.46 | 0.04 | 9.52 % |
| UNILEVER | N 13.05 | N 14.00 | 0.95 | 7.28 % |
Top Losers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| NEM | N 3.50 | N 3.20 | -0.30 | -8.57 % |
| DANGCEM | N 284.90 | N 260.60 | -24.30 | -8.53 % |
| AIICO | N 0.80 | N 0.76 | -0.04 | -5.00 % |
| ARDOVA | N 13.10 | N 12.45 | -0.65 | -4.96 % |
| MULTIVERSE | N 0.21 | N 0.20 | -0.01 | -4.76 % |
Top Trades
| Symbols | Volume | Value |
|---|---|---|
| UPDCREIT | 46355317.00 | 181873198.75 |
| COURTVILLE | 36082363.00 | 21320802.86 |
| TRANSCORP | 16885893.00 | 18247336.54 |
| GTCO | 16046104.00 | 409659547.55 |
| MULTIVERSE | 10737673.00 | 2201006.33 |