Nigerian Exchange Limited

Activity Improves Slightly at the Nigerian Stock Market on Tuesday

Published

2 years ago

February 23, 2022

Stock activity level inched slightly higher on Tuesday as investors transacted 421,820,943 shares worth N5.155 billion in 5,992 transactions during the trading hours of Tuesday, against 421,458,180 shares valued at N4.221 billion that exchanged hands in 5,961 transactions on Monday.

Market capitalisation of listed equities rose by N7 billion to N25.464 trillion on Tuesday from N25.457 trillion it closed on Monday. The NGX All-Share Index expanded by 0.03 percent to 47,246.9 index points.

Breaking doing each sector performance, the banking sector dipped by 8 basis points (bps) on 1.96%, 1.67% and 0.96% decline in Unity Bank, Ecobank and Access Bank, respectively. The gainers were Jaiz Bank, Wema Bank, UBA and Fidelity Bank.

Similarly, the consumer goods sector lost 40bps as stocks of Guinness and PZ dipped by 5.34% and 4.29%, respectively. Honey Flour posted a 1.30% gain.

The oil and gas sector however gained 1bp on 7.41% surged in the value of Eterna oil despite Oando shedding 0.96%. Also, the industrial sector gained 2bps on 9.65% and 9.27% improvement in the value of Cutix and Berger, respectively.

A total of 29 stocks closed in the green while 18 stocks lost points. The Exchange year-to-date rose to 10.61%. See the details of top gainers and losers below.

Top Gainers

Symbols	Last Close	Current	Change	%Change
NIGERINS	N 0.20	N 0.22	0.02	10.00 %
LEARNAFRCA	N 2.20	N 2.42	0.22	10.00 %
SCOA	N 2.35	N 2.58	0.23	9.79 %
CUTIX	N 2.59	N 2.84	0.25	9.65 %
MAYBAKER	N 4.56	N 5.00	0.44	9.65 %

Top Losers

Symbols	Last Close	Current	Change	%Change
ELLAHLAKES	N 4.25	N 3.83	-0.42	-9.88 %
VERITASKAP	N 0.25	N 0.23	-0.02	-8.00 %
COURTVILLE	N 0.54	N 0.51	-0.03	-5.56 %
GUINNESS	N 74.00	N 70.05	-3.95	-5.34 %
NEIMETH	N 1.89	N 1.80	-0.09	-4.76 %

Top Trades

Symbols	Volume	Value
UCAP	66097630.00	889150049.65
TRANSCORP	53531325.00	66282353.38
ZENITHBANK	51634460.00	1392047973.15
FIDELITYBK	44370000.00	137731618.52
ACCESS	26776972.00	277974094.35

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Samed Olukoya

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

Bearish Sentiment Persists: Investors Lose N112 Billion on NGX

Published

3 days ago

September 29, 2023

Samed Olukoya

Nigerian Exchange Limited - Investors King

A somber week for Nigerian investors continued as sustained bearish trading on the Nigerian Exchange Limited (NGX) on Thursday resulted in a loss of N112 billion.

This marked the fourth consecutive day of declines following a N242 billion hit on Monday and a N126 billion loss on Tuesday. Wednesday provided no respite due to a public holiday.

The primary catalyst behind this downturn was the market’s reaction to the Senate’s confirmation of Yemi Cardoso as the governor of the Central Bank of Nigeria, which added to the prevailing downbeat sentiment.

By the close of trading on Thursday, the NGX All-Share Index had dipped by 0.31% to settle at 66,448.63 points, while market capitalization stood at N36.367 trillion.

The bearish trend also led to subdued market activity with total deals decreasing by 2.74% to 6,826 trades. Trading volume and value depreciated by 24.78% and 24.67%, respectively, with 273.80 million units exchanged for N3.41 billion.

Among the top value losers were Vitafoam (-9.92%), FTNCocoa (-9.88%), Oando (-9.84%), John Holt (-9.39%), and United Capital (-7.20%).

In contrast, the insurance sector emerged as the biggest winner, posting a 0.83% increase, while the banking and consumer goods sectors recorded losses of 1.01% and 0.68%, respectively.

Accesscorp led in trading volume on Thursday, with 45.87 million units valued at N710.63 million, followed by Zenith Bank with 21.12 million units worth N657.22 million. Unity Bank, United Bank for Africa, and Transcorp also featured among the top five traded stocks.

The persistent bearish sentiment highlights the need for investors to closely monitor the evolving market dynamics and economic policies, as uncertainty continues to cloud the Nigerian financial landscape.

Nigerian Exchange Limited

Nigerian Stock Market Dips as Weak Momentum Drains N39 Billion from Investors

Published

7 days ago

September 25, 2023

Investors King

The Nigerian stock market experienced a downturn on Friday as the local bourse closed negatively by 0.11% week-on-week, causing investors to lose N39 billion.

This drop in market performance was primarily attributed to weak market momentum.

Both the market capitalization and the Nigerian Exchange Limited All Share Index ended trading lower at N36.847 trillion and 67,324.59 points, respectively, compared to the previous week’s figures of N36.886 trillion and 67,395.74 basis points.

Despite the overall decline, the total turnover of shares showed an increase as 3.911 billion units worth N30.38 billion were traded in 38,536 deals, against a total of 2.933 billion shares valued at N47.45 billion that were exchanged in 44,654 deals.

The Financial Services Industry led in terms of volume traded with 2.774 billion shares valued at N15.24 billion while the Oil and Gas Industry followed with 438.508 million shares worth N5.20 billion, and the ICT Industry ranked third with 294.470 million shares valued at N4.447 billion.

The Insurance sector emerged as the top gainer during the week with a 3.34% increase, followed by Consumer goods (+2.98%), Banking (+0.61%), and Oil & Gas (+0.56%).

In contrast, the Industrial Goods sector saw a 4.80% decline, primarily due to a decrease in Dangote Cement’s share price.

The week saw 48 equities appreciating in value, 40 equities depreciating, and 67 remaining unchanged. Sunu Assurances topped the gainers’ chart with a 32.91% increase in share price, followed by Ellah Lakes Plc (+28.79%) and E-Tranzact International Plc (+28.57%).

Tantalizers led the losers’ table with a 21.05% dip, followed by Guinea Insurance (-20.69%) and McNichols (-13.33%).

Analysts expect mixed sentiments in the market for the coming week, with positive momentum potentially offset by profit-taking activities. The uncertainty is expected to be fueled by half-year earnings reports and continued portfolio reshuffling in preparation for the quarter-end reporting season.

Investors are advised to stay vigilant and adapt to market dynamics as they navigate these challenging times.

Nigerian Exchange Limited

Dr. Yemi Cardoso’s Nomination Boosts Confidence as Stock Investors Gained N264 Billion

Published

2 weeks ago

September 20, 2023

Investors King

The bullish momentum in the Nigerian Exchange Limited continued on Tuesday as investors pocketed N264 billion in profit following Monday’s gains of N263 billion.

Both the market capitalization and the All-Share Index, which gauge the movement of share prices for all listed companies surged by 0.71 percent to N37.413 trillion and 68,359.22 points, respectively.

This optimistic trading trend emerges as investors increasingly show confidence in the local market and the broader economy, fueled in part by the news of Dr. Yemi Cardoso’s nomination as the Governor of the Central Bank of Nigeria.

As Tuesday’s session drew to a close, the volume of shares traded experienced a significant uptick of 31.33 percent to 676.74 million. However, the number of deals declined by 8.35 percent to 7,659 while the total trade value decreased by 33.97 percent to N5.89 billion.

Market sentiments also leaned towards the bullish side, with 36 gainers outpacing the 27 losers.

Among the top-performing stocks that caught the attention of investors were:

Berger Paints Plc, which surged by 9.95 percent to conclude the trading day at N11.60.
Oando Plc, which recently released its audited results for 2021, saw a 9.92 percent increase, closing at N13.30.
BUA Foods, which gained 6.32 percent to close at N196.70.
PZ’s shares appreciated by 1.45 percent per unit, ending at N20.
GTCO Plc stock increased in value by 0.43 percent, closing at N35.40.

On the flip side, the top losers included:

SCOA Plc, witnessing a 10 percent depreciation in its shares, closing at N1.24.
Unilever’s shares recorded an 8.28 percent drop, concluding at N13.30.
United Bank for Africa Plc, which lost 1.96 percent in share value, closing at N17.50.
FBN Holdings Plc, suffering a 1.69 percent decline, closing at N17.40.
Accesscorp’s shares depreciated by 0.29 percent, closing trading at N17.40.

The Nigerian Exchange continues to display its resilience and attractiveness to investors, making it an exciting space to watch for potential opportunities and market trends.