Nigerian Exchange Limited
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.
Top Gainers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| 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 % |
Top Losers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| 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 % |
Top Gainers
| Symbols | Volume | Value |
|---|---|---|
| TRANSCORP | 48381202.00 | 61433118.18 |
| MTNN | 20601952.00 | 5494941075.80 |
| CONOIL | 14343947.00 | 409104093.15 |
| GTCO | 13729757.00 | 328084274.55 |
| FBNH | 13536021.00 | 162456410.40 |