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Nigerian Exchange Limited

Stock Investors Lose N518 Billion After CBN Raises Interest Rate

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Nigerian Stock Exchange

The Nigerian stock market shed N518 billion on Tuesday after the Central Bank of Nigeria (CBN) raises interest rate by 150 basis points to 13% to curb the rising inflation rate and sustain capital importation.

Activity at the Nigerian Exchange Limited (NGX) rose over 200% as many stock investors sell off their holdings in anticipation of the projected decline in activities. Investors traded 720,192,027 shares worth N8.867 billion in 6,006 deals during the trading hours of Tuesday, against 263,338,835 shares worth N3.549 billion that exchanged hands in 4,549 billion Monday.

Ecobank topped the most traded stocks with 257,627,691 shares worth 2,963,644,505.25, explaining one of the reasons for the surge in the value traded. Jaiz Bank followed with  77,998,899 shares valued at N69,741,125.75.

The selloff was largely due to the CBN-led monetary policy decision to raise the nation’s borrowing cost. This, stock investors interpreted as a future drop in capital inflow into the Nigeria stock market and subsequently slow down in economic activities.

The market capitalisation of listed stocks depreciated by N518 billion to N28.007 trillion, down from N28.525 trillion it closed on Monday. The NGX All-Share Index also declined by 1.82% to 51,949.64 index points.

Japaul Gold led gainers with N0.03 or 10% gainers to close at N0.33 a share as shown below.

Top Gainers 

Symbols Last Close Current Change %Change
JAPAULGOLD N 0.30 N 0.33 0.03 10.00 %
IMG N 9.10 N 10.00 0.90 9.89 %
MRS N 14.95 N 16.40 1.45 9.70 %
ABBEYBDS N 1.65 N 1.80 0.15 9.09 %
ACADEMY N 1.35 N 1.46 0.11 8.15 %

Top Losers 

Symbols Last Close Current Change %Change
GUINNESS N 98.00 N 88.20 -9.80 -10.00 %
GSPECPLC N 3.07 N 2.77 -0.30 -9.77 %
MANSARD N 2.26 N 2.04 -0.22 -9.73 %
CHAMS N 0.23 N 0.21 -0.02 -8.70 %
VERITASKAP N 0.23 N 0.21 -0.02 -8.70 %

Top Trades

Symbols Volume Value
ETI 257627691.00 2963644505.25
JAIZBANK 77998899.00 69741125.75
ACCESSCORP 60518449.00 605027346.60
UACN 52166438.00 673072728.45
TRANSCORP 31424174.00 39685034.17

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Nigerian Exchange Limited

NGX All-Share Index Appreciates by 0.24%

The Nigerian equities market rebounded last week after weeks of a bearish trend to post a 0.24% gain.

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stock bull - Investors King

The Nigerian equities market rebounded last week after weeks of a bearish trend to post a 0.24% gain.

Investors transacted 1.348 billion shares worth N24.487 billion in 22,155 deals during the week, against a total of 1.121 billion shares valued at N13.703 billion that exchanged hands in 22,350 transactions in the previous week.

The Financial Services Industry led the activity chart with 1.009 billion shares valued at N6.796 billion traded in 11,352 deals. Therefore, contributing 74.87% and 27.75% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 79,616 million shares worth N144.549 million in 689 deals. The third place was the oil and gas industry, with a turnover of 72.996 million shares worth N1.862
billion in 1,799 deals.

Mutual Benefits Assurance Plc, Living Trust Mortgage Bank Plc and Guaranty Trust Holding Company Plc were the three most traded equities during the week. The three accounted for a combined 484.839 million shares worth N2.414 billion that were transacted in 2,410 deals and contributed 35.97% and 9.86% to the total equity turnover volume and value respectively.

The Nigerian Exchange Limited (NGX) All-Share Index appreciated by 0.24% or 124.06 index points from 51,705.61 index points in the previous week to 51,829.67 index points last week.

The market value of listed equities grew to N27.942 trillion last week from N27.875 trillion recorded in the previous, representing an increase of N67 billion.

Similarly, all other indices finished higher with the exception of the NGX Afr bank value, NGX AFR Div Yield, NGX MERI Value , NGX Consumer Goods, NGX Oil/Gas and NGX Industrial Goods Indices which depreciated at 0.43%, 0.36%, 0.38%, 0.40%, 0.25% and 0.13% while, the NGX Sovereign Bond Index closed flat.

Thirty-four equities appreciated in price during the week, higher than Sixteen equities in the previous week. Twenty-nine equities depreciated in price lower than Fifty-six equities in the previous week, while ninety-three equities remained unchanged higher than eighty-four equities recorded in the previous week.

The year to date increased to 21.33%. See other details below.

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Nigerian Exchange Limited

Nigerian Stock Market Closed Flat

Activity level was mixed as investors exchanged 416,469,572 shares worth N3.459 billion in 4,466 deals, against 314,611,778 shares worth N12.846 billion that exchanged hands in 4,708 transactions during the trading hours of Tuesday.

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Stock - Investors King

Equities market in Africa’s largest economy Nigeria closed flat on Wednesday following a negative close on Tuesday.

Activity level was mixed as investors exchanged 416,469,572 shares worth N3.459 billion in 4,466 deals, against 314,611,778 shares worth N12.846 billion that exchanged hands in 4,708 transactions during the trading hours of Tuesday.

Mbenefit was the most traded stock with investors trading 212,508,835 shares worth N53,124,799.68. GTCO followed with 42,151,855 shares valued at N867,539,818.50.

Breaking down each of the sectors, the banking index depreciated by 7 basis points (bps) on the decline in the value of Ecobank, Jaiz Bank and UBA. Fidelity Bank and Zenith Bank closed in the green.

The industrial index closed flat as Wapco and Cutix recorded 0.19% and -3.18%, respectively.

However, the consumer goods index appreciated by 9bps on a 1.88% increase in the value of Dangote Sugar, even though PZ shed 3.18%. Similarly, the oil and gas index gained 7bps on a 4.41% increase Eterna.

The market capitalisation of all listed equities depreciated by N1 billion from N27.928 trillion to N27.927 trillion on Wednesday. The NGX All-Share Index closed at 51,802.48 index points, similar to 51,803.98 index points recorded on Tuesday.

A total of 17 stocks appreciated during the trading hours of Wednesday, against 14 stocks that lost points. The Exchange year to date stood at 21.27%. See other details below.

Top Gainers 

Symbols Last Close Current Change %Change
IKEJAHOTEL N 1.10 N 1.21 0.11 10.00 %
ROYALEX N 0.96 N 1.03 0.07 7.29 %
NPFMCRFBK N 1.65 N 1.77 0.12 7.27 %
FIDELITYBK N 3.28 N 3.44 0.16 4.88 %
GLAXOSMITH N 6.20 N 6.50 0.30 4.84 %

Top Losers

Symbols Last Close Current Change %Change
UPL N 2.60 N 2.35 -0.25 -9.62 %
CHAMS N 0.25 N 0.23 -0.02 -8.00 %
LINKASSURE N 0.58 N 0.54 -0.04 -6.90 %
CUTIX N 2.40 N 2.25 -0.15 -6.25 %
FTNCOCOA N 0.35 N 0.33 -0.02 -5.71 %

Top Trades

Symbols Volume Value
MBENEFIT 212508835.00 53124799.68
GTCO 42151855.00 867539818.50
UBA 23985500.00 179036889.25
FBNH 23159326.00 262177888.90
ACCESSCORP 22524556.00 208537931.65

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Nigerian Exchange Limited

Equities Market Closed in the Red on Tuesday

The Nigerian Exchange Limited (NGX) closed in the red on Tuesday despite the surge in the value traded to N12.846 billion.

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stock bear - Investors King

The Nigerian Exchange Limited (NGX) closed in the red on Tuesday despite the surge in the value traded to N12.846 billion.

Investors exchanged 314,611,778 shares worth N12.846 billion in 4,708 transactions during the trading hours of Tuesday. Livingtrust Mortgage Bank Plc was the most traded equity as investors transacted 100,000,000 units valued at N120,000,000 in a suspected insider dealing.

MTN Nigeria came second with 42,902,336 worth N986,812,1351.80. FBN Holdings remain one of the most attractive equities in the last two weeks, maintaining its spot among the top five. Investors dumped N219,076,700.75 on 19834499 shares.

Breaking down each of the sectors, the banking sector declined by 2 basis points (bps) on a broad-based decline in the values of Fidelity Bank, Jaiz Bank, Sterling Bank and Zenith Bank. Ecobank, UBA and Union Bank of Nigeria closed slightly above the water.

The oil and gas sector also dipped by 47bps on a 3.29% decline in the value of Oando shares. The decline did not stop there as the industrial sector shed 3bps on a 0.37% depreciation in WAPCO.

Market value of listed equities depreciated to N 27.928 trillion while the NGX All-Share Index fell to 51,803.98 index points. As expected, 19 stocks closed in the red compared to 10 stocks that closed in the green.

The Exchange year to date moderated to 21.27%. See other details below.

Top Gainers 

Symbols Last Close Current Change %Change
SOVRENINS N 0.25 N 0.27 0.02 8.00 %
CHAMS N 0.24 N 0.25 0.01 4.17 %
REGALINS N 0.26 N 0.27 0.01 3.85 %
ETI N 10.65 N 11.00 0.35 3.29 %
OKOMUOIL N 210.00 N 216.90 6.90 3.29 %

Top Losers 

Symbols Last Close Current Change %Change
UPL N 2.88 N 2.60 -0.28 -9.72 %
NGXGROUP N 24.60 N 22.95 -1.65 -6.71 %
CAVERTON N 1.05 N 1.00 -0.05 -4.76 %
LIVESTOCK N 1.40 N 1.35 -0.05 -3.57 %
FIDELITYBK N 3.40 N 3.28 -0.12 -3.53 %

Top Trades

Symbols Volume Value
LIVINGTRUST 100000000.00 120000000.00
MTNN 42902336.00 9868121351.80
FBNH 19834499.00 219076700.75
UBA 16120276.00 119985948.35
ZENITHBANK 16088472.00 348845758.55

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