Nigerian Exchange Limited

Stock Investors Gain N596 Billion Last Week

Published

2 years ago

May 30, 2022

Nigerian Exchange Limited - Investors King

Investors in the Nigerian Exchange Limited raked in N596 billion last week as activity jumped across the bourse on renewed interest in local stocks.

During the week, investors exchanged a total of 1.840 billion shares worth N27.286 billion in 27,273 transactions, against a total of 3.021 billion shares valued at N31.784 billion that exchanged hands in 29,153 deals in the previous week.

The Financial Services Industry led the activity chart with 1.286 billion shares valued at N10.745 billion traded in 12,379 deals. Therefore, contributed 69.90% and 39.37% to the total equity turnover volume and value, respectively. The Conglomerates Industry followed with 251.105 million shares worth 1.659 billion in 1,371 deals.

In third place was The Consumer Goods Industry, with a turnover of 105.601 million shares worth N2.522 billion in 4,263 deals.

Ecobank Transnational Incorporation, Jaiz Bank Plc and Access Holdings Plc accounted for 640.650 million shares worth N4.825 billion in 2,098 deals. The three accounted for a combined 34.81% and 17.68% to the total equity turnover volume and value, respectively.

The market value of all listed equities appreciated by N596 Billion to N29.158 trillion last week, up from the N28.562 trillion it settled in the previous week. The NGX All-Share Index gained 2.09% or 1,105.34 index points to close the week at 54,085.30 index points against 52,979.96 index points it closed in the previous week.

However, all other indices finished lower with the exception of the NGX-Main Board index which appreciated at 6.03%, while, the NGX Asem and NGX Sovereign bond indices closed flat.

Twenty-three equities appreciated in price during the week, lower than thirty-seven equities recorded in the previous week. Fifty-four equities depreciated in price, higher than forty-two equities in the previous week, while seventy-nine equities remained unchanged higher than seventy-seven equities recorded in the previous week.

In May, the Exchange gained 8.96% despite the global rout and increase in interest rates in Nigeria and the rest of the world. In the second quarter so far, has appreciated by 15.16%. From the year to date, it has returned 26.61%.

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Samed Olukoya

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 Recovers from Early Week Losses, Market Value Hits N55.6 Trillion

Published

2 days ago

September 11, 2024

Samed Olukoya

The Nigerian Exchange Limited (NGX) rebounded on Tuesday after opening the week in the red.

The NGX All-Share Index appreciated by 0.62 percent to 96,802.8 points while the market value of listed equities stood at N55.626 trillion.

Investors traded 406,194,548 shares valued at N13.313 billion in 12,241 transactions during Tuesday’s trading session.

Investors continued to show interest in Oando, which emerged as the most traded equity in both volume and value.

A total of 58,485,705 shares worth N5.521 billion were exchanged, with Oando’s stock appreciating by N6, or 6.7 percent, from N89.5 to N95.5 per share.

The second most traded stock on Tuesday was Access Holdings Plc with 30,379,481 shares valued at N557.65 million transacted.

However, Access Holdings’ shares lost 55 kobo, or 2.96 percent, declining from N18.95 to N18 per share.

The Exchange’s year-to-date (YtD) return improved to 29.46 percent.

SFS REIT led the gainers’ chart, increasing by N14.80, or 9.98 percent, from N148.35 to N163.15 per share. This was followed by Custodian Investment, which gained N1.10, or 8.87 percent, rising from N12.40 to N13.50, while RT Briscoe moved from N2.82 to N3.10 per share.

Nigerian Exchange Limited

Investors Lose N112 Billion as Equities Market Declines on Monday

Published

2 days ago

September 10, 2024

Samed Olukoya

The Nigerian equities market opened the week in the red as the Exchange shed N112 billion on Monday.

Investors traded 774,377,516 shares worth N14.65 billion in 10,412 transactions during the trading session.

The market value of listed stocks and the all-share index rose by 0.24 percent to settle at N55.28 trillion and 96,205.85 points, respectively.

Eterna led the gainers with a 10 percent increase, closing the day at N33.00 per share. This was followed by Tantalizers, which also saw a 10 percent rise to N89.50. Oando and FTN Cocoa Processors appreciated by 9.95 percent and 9.93 percent, respectively, closing at N89.50 and N1.66.

On the other hand, Learn Africa led the losers with an 11.18 percent decline, dropping to N4.13 per share.

Julius Berger Nigeria followed, losing 10 percent to close at N153.45. Transcorp Power shed 9.99 percent to settle at N301.70, while McNichols dropped 9.4 percent to close at N1.35.

Further analysis showed that Jaiz Bank was the most traded stock in terms of volume, with investors transacting 247 million shares. Zenith Bank, FBN Holdings, and Guaranty Trust Holding followed with 173 million shares, 41.5 million shares, and 33.9 million shares, respectively.

Last week, the Exchange lost N83 billion as the All-Share Index and market capitalisation dipped by 0.15 percent due to sell-offs in big stocks.

Nigerian Exchange Limited

Transcorp Power Extends Decline, Market Value Dips to N2.26 Trillion

Published

3 days ago

September 10, 2024

Samed Olukoya

Transcorp Power Plc on Monday extended its decline as the company’s directors offloaded their shares to increase liquidity.

The share dipped by 9.99% from N335.2 per share it opened the day to close at N301.7 a share.

Transcorp Power has been trading at about a 22% discount to its highest share price since listing, prompting investors to take profits before further potential market corrections.

The NGX now values Transcorp Power’s outstanding 7.5 billion shares at N2.262 trillion, down from its previous highs.

Market analysts believe this correction was inevitable, given the thin trading activity compared to the company’s substantial market value.

The drop is being viewed as a natural market adjustment, but the scale of the decline has left many investors and market watchers concerned about future movements in Transcorp Power’s stock price.

Despite the decline, Transcorp Power remains viable in the utilities sector, and the current market shake-up may present a buying opportunity for investors looking to capitalize on the lower price.

The company has yet to release an official statement addressing the stock decline, but market participants will be watching closely to see how Transcorp Power navigates this period of volatility.

Investors will also be keen to understand whether the company’s fundamentals can support a rebound in the near future, especially as the broader market faces challenges related to economic uncertainty and profit-taking activities.