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Nigerian Exchange Limited

Stock Market Opens the Week in Green

Investors exchanged 328,391,904 shares valued at N4.038 billion in 5,711 deals during the trading hours of Monday

Published

2 years ago

on

Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited (NGX) opened the week in green as the rush for beat-down stocks continue to bolster investors’ sentiment across the Exchange.

Investors exchanged 328,391,904 shares valued at N4.038 billion in 5,711 deals during the trading hours of Monday. Zenith Bank was the most traded stock with 35,842,261 valued at N912,150,444.20. Followed by Oando with 30,817,441 shares worth N198,276,780.08.

A breakdown of key indices showed the banking index appreciated by 34 basis points on a 5.41% gain in Fidelity Bank, 4.70% in Wema Bank, 3.40% in Sterling Bank, 1.39% in Jaiz Bank and 1.23% in UBA. In the banking sector, losers were Unity Bank and Union Bank of Nigeria with a 6% and 0.78% decline, respectively.

The consumer goods index also closed higher with 245bps on the back of a 9.86% jump in the value of Nigerian Breweries after announcing a 77.7% increase in profit after tax for the first quarter on Monday. Also, a 9.84% surge in the value of Unilever on Monday aided the index.

Unilever rebounded from a COVID-19 inflicted decline to post a profit of N1.796 billion in the first quarter of 2022, up from -N491.997 million decline reported in the first quarter of 2021. Champion and Interbrew added 8.17% and 6.67%, respectively. Honey Flour was the only loser in the consumer goods group, shedding 0.26%.

The oil and gas index extended its year-to-date gain by 144 bps as Eterna, Oando and Total appreciated by 9.92%, 9.90% and 6.45%, respectively.

However, the industrial index was weighed upon by a 3.89% decline in BUA Cement and a 2.13% depreciation in Cutix. Despite Dangote Cement and Wapco gaining 0.14% and 5.18%, respectively, the index shed 110 bps.

The NGX All-Share Index appreciated by 0.17% to 48,543.36 index points. While the market value of all the listed equities appreciated by N45 billion from N26.125 trillion it closed on Friday to N26.170 trillion on Monday.

A total of 43 stocks closed in the green on Monday against 16 stocks that closed in the red. The Nigerian Exchange Limited’s year-to-date return inched higher to 13.64%. See the details of top gainers and losers below.

Top Gainers 

Symbols Last Close Current Change %Change
UPDCREIT N 3.50 N 3.85 0.35 10.00 %
IKEJAHOTEL N 1.41 N 1.55 0.14 9.93 %
ETERNA N 6.65 N 7.31 0.66 9.92 %
OANDO N 5.86 N 6.44 0.58 9.90 %
SKYAVN N 6.37 N 7.00 0.63 9.89 %

Top Losers

Symbols Last Close Current Change %Change
UNITYBNK N 0.50 N 0.47 -0.03 -6.00 %
ACADEMY N 1.17 N 1.10 -0.07 -5.98 %
JAPAULGOLD N 0.34 N 0.32 -0.02 -5.88 %
UPDC N 0.89 N 0.85 -0.04 -4.49 %
WAPIC N 0.46 N 0.44 -0.02 -4.35 %

Top Trades

Symbols Volume Value
ZENITHBANK 35842261.00 912150444.20
OANDO 30817441.00 198276780.08
MANSARD 23071016.00 58733233.32
TRANSCORP 20683054.00 22247378.00
FBNH 20085589.00 240041746.35

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

Nigerian Exchange Dips as All-Share Index Falls 0.12%, Loses N70 Billion in Market Cap

Published

12 hours ago

on

October 9, 2024

By

Nigerian Stock Exchange

The Nigerian Exchange Limited (NGX) closed in the red on Tuesday after the All-Share Index dropped 0.12 percent or 122 points to close at 97,584.81 index points, against the 97,706.70 index points reported on Monday.

Specifically, the market capitalisation, which opened at N56.146 trillion lost N70 billion to close at N56.076 trillion.

Market breadth closed negative with 29 losers and 26 gainers while 64 stocks remained unchanged.

Guinness led the losers’ chart by 10 percent followed by African Prudential, International Breweries, CWG, and UPDC after their share value declined by 9.86%, 9.0%, 6.98%, and 5.95%, respectively.

The top gainers included Regal Insurance, PZ Cussons Nigeria, Cutix, Deap Capital Management & Trust and The Initiates as their share prices advanced by 10.00%, 8.78%, 5.60%, 5.59%, and 5.26%, respectively.

Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 39.92%

A total of 719.11 million shares valued at N8.34 billion were exchanged in 9,435 deals, compared to 1.31 billion shares valued at N5.96 billion traded in 10,424 deals recorded in the previous session.

On the volume index, Wapic Insurance led trading with 402 million shares valued at N321 million in 28 deals followed by Fidelity Bank which traded 49 million shares valued at N760 million in 706 deals and Access Corporation traded 25 million shares valued at N500 million in 379 deals.

On the value index, Seplat recorded the highest value for the day trading stocks worth N2.2 billion in 151 deals, Fidelity Bank traded equities worth N760 million in 706 deals, and Oando traded shares valued at N758 million in 708 deals.

As a result, the Year-To-Date (YTD) return decreased by 30.51%

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Nigerian Exchange Limited

Investors Gain N107bn as NGX Opens Week in Green Territory

Published

1 day ago

on

October 8, 2024

By

stock bull - Investors King

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.

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Nigerian Exchange Limited

NGX Rebounds with 0.47% Gain, Investors Pocket N262 Billion

Published

4 days ago

on

October 5, 2024

By

stock - Investors King

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%).

 

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