Investors in the Nigerian Exchange Limited (NGX) realised N500 billion last week as demand for undervalued stocks bolstered the Exchange.
In the four days trading week, the federal government declared the 15th public holiday to commemorate Easter celebrations, investors exchanged 1.247 billion shares worth N22.372 billion in 23,406 deals, in contrast to a total of 1.137 billion shares valued at N10.812 billion that exchanged hands in 23,471 deals in the previous week.
The Financial Services Industry led the activity chart with 975.776 million shares valued at N10.678 billion traded in 13,097 deals, therefore contributing 78.24% and 47.73% to the total equity turnover volume and value respectively.
The Consumer Goods Industry followed with 65.187 million shares worth N1.752 billion in 2,725 deals. In third place was the Services Industry, with a turnover of 42.614 million shares worth 135.745 million in
Guaranty Trust Holding Company Plc, Zenith Bank Plc and Fidelity Bank Plc were the three most traded equities last week, accounting for a combined 429.657 million shares worth N7.786 billion in 5,871 deals. The three contributed 34.45% and 34.80% to the total equity turnover volume and value respectively.
The NGX All-Share Index appreciated 1.99% or 926.99 index points from 46,631.46 index points in the previous week to 47,558.45 index points last week. While market capitalization also grew by 1.99% to close the week at N25.639 trillion, representing an increase of N500 billion.
Similarly, all other indices finished higher with the exception of NGX Asem, NGX Growth and Sovereign Bond indices which closed flat.
Fifty-one equities appreciated in price during the week, higher than Thirty-three equities in the previous week. Eighteen equities depreciated in price, lower than Thirty-one equities in the previous week, while eighty-seven equities remained unchanged lower than ninety-two equities recorded in the previous week.
The Exchange year-to-date return inched higher to 11.34%. See the details of gainers and losers below.
NGX Charges Companies on Full Disclosure of Business Impacts
The Nigeria Exchange Limited (NGX) says organisations must present full reports about their environmental and social impacts.
Speaking at a webinar session organised by the Corporate Secretaries International Association on how businesses and organisations could carry a “full 360 approach to market disclosure, the Chief Executive Officer, NGX Regulation Limited, Ms Tinuade Awe said “Our world today is facing major sustainability challenges including inequality, overpopulation, climate change, and several environmental risks.
Discussing the importance of measuring and reporting sustainability performance for companies she said: “By recognising that capital allocation makes a real impact on the environment and society at large, investors can reap sustainable long-term investment decisions through investments in ESG-themed investments.
“Adopting an ESG-lens in our approach to investment is critical for investors to identify businesses that implement a forward-looking approach to managing long-term risks and leveraging opportunities that ensure long-term economic, environmental, and social responsibility,” she said.
Awe encouraged companies to adopt best practices in their disclosure on ESG issues by ensuring that their sustainability reports capture relevant sustainability disclosures that are relevant to their stakeholders.
“Historically, sustainability reports address a company’s approach to managing the triple bottom line of people, profit and planet. However, disclosures in sustainability reports have evolved over the years to address the needs of a wide array of stakeholders, she said in respect to critical disclosures that should be included in a sustainability report.
“In publishing their sustainability reports, companies should consider a number of relevant disclosures including materiality, sustainability risks, and opportunities as well as a detailed explanation of how companies are addressing the risks and levering the opportunities.
She added that a sustainability report should include disclosures on how sustainability is governed by the board, executive management, and designated officers responsible for managing the organisation’s impact footprint.
The programme was themed, ‘Unlocking ESG for boards from strategy to disclosure’.
Stock Activity Rises as Investors Gained N298 Billion
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.
|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 %|
|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 %|
Nigerian Stock Market Shed 0.07% Despite Investors Dumping N1.897 Billion on FBN Holdings
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.
|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 %|
|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 %|
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