Nigerian Exchange Limited

Beta Glass, PZ, Others Lead Gainers as NGX Extends Decline

Published

3 years ago

March 29, 2022

The Nigerian Exchange Limited (NGX) closed in the red on Monday to extend its last week’s decline from N25.311 trillion market value on Friday to N25.273 trillion.

Investors exchanged 359,890,155 shares worth N2.611 billion in 5,163 deals during the trading hours of Monday. The NGX All-Share Index depreciated by 0.15% to 46,893.86 index points, while the market value of all listed equities dipped by N38 billion.

Analysing key sectors, the banking index lost 442 basis points on the back of a broad decline in the values of Unity Bank, Union Bank of Nigeria, Zenith Bank and Fidelity Bank. Jaiz Bank, Ecobank and UBA posted gains.

The oil and gas index also declined in value, shed 12bps on a 3.35% decline in Ardova.

However, it wasn’t all read as the consumer goods index and industrial index gained 18bps and 6bps, respectively.

The Exchange Year-to-date return drops to 9.78% as 18 stocks post gains and the remaining 18 stocks closed in the red. See the details of top gainers and losers below.

Top Gainers

Symbols	Last Close	Current	Change	%Change
BETAGLAS	N 52.95	N 58.20	5.25	9.92 %
PZ	N 9.30	N 10.20	0.90	9.68 %
LIVESTOCK	N 1.55	N 1.69	0.14	9.03 %
LINKASSURE	N 0.50	N 0.54	0.04	8.00 %
JAIZBANK	N 0.66	N 0.70	0.04	6.06 %

Top Losers

Symbols	Last Close	Current	Change	%Change
LEARNAFRCA	N 2.17	N 1.96	-0.21	-9.68 %
UNITYBNK	N 0.49	N 0.45	-0.04	-8.16 %
CAVERTON	N 1.27	N 1.18	-0.09	-7.09 %
FCMB	N 3.34	N 3.11	-0.23	-6.89 %
TRANSCORP	N 1.07	N 1.00	-0.07	-6.54 %

Top Trades

Symbols	Volume	Value
TRANSCORP	92000946.00	92756833.12
STERLNBANK	50738578.00	76617501.34
FIDELITYBK	46676650.00	153611433.15
LINKASSURE	30514000.00	15273583.96
ACCESSCORP	15457710.00	156404492.05

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Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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Nigerian Exchange Limited

Investors Gain N107bn as NGX Opens Week in Green Territory

Published

20 hours ago

October 8, 2024

Iyanuoluwa Martins

Investors opened the week smiling as the Nigerian equities market opened positive at the Nigerian Exchange Group (NGX) with a N107 billion profit on Monday, October 7.

The market capitalisation increased to N56.14 trillion from N56.03 trillion recorded by the bourse on Friday.

The benchmark All-Share Index (ASI) increased to 97,706.70 from 97,520.54 recorded the previous trading day.

The market breadth was positive as 28 stocks advanced and 23 stocks declined, while 67 stocks remained unchanged in 10, 424 deals.

Fidelity Bank ABC Transport and Livestock led other gainers with 10%, 9.76%, and 9.76% growth each in share prices to close at N14.30, N1.35, and N3.60 from the previous N13.00, N1.23, and N3.28 per share.

On the flip side, SCOA, Julius Berger, and Tripple Gee & Company Plc led other price decliners as they shed 10%, 9.95%, and 9.64% each to close at N1.71, N19.00 and N2.25 from the initial N1.90, N21.10, and N2.49 per share.

On the volume index, UBA led trading with 38 million shares valued at N1 billion in 926 deals followed by Access Corporation which traded 23 million shares valued at N459 million in 581 deals.

Caverton Helicopters traded 21 million shares valued at N56 million in 286 deals.

On the value index, UBA recorded the highest value for the day trading stocks worth N1 billion in 926 deals followed by GTCO which traded equities worth N776 million in 576 deals and Access Corporation traded shares valued at N459 million in 581 deals.

Nigerian Exchange Limited

NGX Rebounds with 0.47% Gain, Investors Pocket N262 Billion

Published

4 days ago

October 5, 2024

Iyanuoluwa Martins

The Nigerian Exchange Limited (NGX) appreciated 0.47 percent on Friday to break the recent trend of losses as investors pocketed N262 billion.

The market index or All-Share Index (ASI) rose by 456.12 basis points on Friday’s trading session, reflecting a 0.47 percent increase to close at 97,520.54.

Buying appetite in some medium and large-cap stocks, including Seplat, Julius Berger, Guinness, and others spurred the positive outcome.

However, market activities were mixed as the total volume traded was up by 19.5% while the total value traded dropped by 10.9%.

The daily trading data showed that approximately 320.70 million units valued at N6,021.56 million were transacted across 8,763 deals.

Tier-1 bank, UBA was the most traded stock in terms of volume, accounting for 11.5% of the total volume of traded transacted in the market.

Other volume drivers include Sterling Bank (7.35%), Ellah Lakes (7.27%), Wapco (5.20%), and Regalins (4.99%) to complete the top 5 on the volume chart.

UBA emerged as the most traded stock in value terms, with 16.5% of the total value of trades on the exchange.

Based on the trading directions, the market breadth closed positive, recording 34 gainers and 21 losers.

Seplat topped the advancers’ chart with a price appreciation of 10.00 percent, trailed by ABC Transport, up by 9.82%.

Other gainers include Livestock (+9.70%), Caverton (+9.62%), FTN Cocoa (+9.29%), Ellah Lakes (+8.43%) and twenty-eight others.

Twenty-one (21) stocks depreciated, according to stockbrokers. Eterna was the top loser, with a price depreciation of -10.00%.

Other decliners include PZ (-9.49%), Dangote Sugar (-5.85%), Fidelity Bank (-4.76%), Nascon (-2.91%), and Oando (-1.95%).

Nigerian Exchange Limited

NGX Market Cap Further Loses N671 Billion

Published

5 days ago

October 4, 2024

Iyanuoluwa Martins

Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited (NGX) continued its presence in the red territory on Thursday as investors counted losses valued at N671 billion at the close of trading on Thursday, October 3.

The market capitalisation dropped 1.19% to N55.7 trillion from N56.4 trillion recorded by the bourse on Wednesday, while the benchmark All-Share Index (ASI) also decreased to 97,064.42 from 98,232.39 recorded the previous trading day.

The market breadth was negative as 23 stocks advanced and 27 stocks declined, while 65 stocks remained unchanged in 8,565 deals.

Investors sold mostly industrial and consumer goods stocks despite the rally seen in oil & gas and insurance stocks.

Dangote Cement Plc decreased most on the Nigerian Exchange Limited (NGX) by N53.20 or 10%, from N532 to N478.80. It was followed by CWG which decreased from N6.50 to N6.20, adding 30kobo or 4.62%.

Seplat, Livestock, and Regalins led other gainers with 10%, 9.93%, and 9.76% growth each in share prices to close at N4, 513.40, N2.99, and N0.90 from the previous N4, 103.10, N2.72, and N0.82 per share.

On the flip side, Dangote Cement, NSL Tech, and UPDC Real Estate led other price decliners as they shed 10%, 7.58%, and 4.72% each to close at N478.80, N0.61 and N5.05 from the initial N532.00, N0.66, and N5.30 per share.

On the volume index, United Bank for Africa (UBA) led trading with 37 million shares valued at N993 million in 909 deals followed by ZENITH BANK which traded 19 million shares valued at N716 million in 323 deals. Dean Capital traded 13 million shares valued at N20 million in 159 deals.

On the value index, Seplat recorded the highest value for the day trading stocks worth N2.3 billion in 13 deals followed by UBA which traded equities worth N993 million in 909 deals and Zenith Bank traded shares valued at N716 million in 323 deals.