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
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 |