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Nigerian Exchange Limited

Investors Lose N421 Billion as Stock Activity Level Drops

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Stock - Investors King

Despite over 27 billion shares worth over N191 billion transactions performed in Union Bank of Nigeria earlier this week, the Nigerian Exchange Limited (NGX) continues to decline.

Activity level dropped on Tuesday at the Exchange as investors traded 318,278,141 shares worth N3.714 billion in 5,190 transactions, against 27,564,562,311 shares worth N194.356 billion that exchanged hands in 4,586 deals on Monday.

Transcorp led the most traded stocks with 86,743,395 valued at N111,727,410.44. This was followed by Jaiz Bank’s 22,765,697 shares worth N20,250,949.55.

Market value of all listed equities declined by another N421 billion following an N169 billion decline recorded on Monday. The market value depreciated from N28.989 trillion it settled on Monday to N28.568 trillion on Tuesday.

While NGX All-Share Index declined by 1.45% to  52,990.28 index points. See other details below.

Top Gainers

Symbols Last Close Current Change %Change
TRANSCOHOT N 5.85 N 6.25 0.40 6.84 %
CHAMPION N 3.76 N 3.95 0.19 5.05 %
CWG N 0.99 N 1.04 0.05 5.05 %
ETI N 11.90 N 12.50 0.60 5.04 %
LASACO N 1.04 N 1.09 0.05 4.81 %

Top Losers

Symbols Last Close Current Change %Change
NB N 69.30 N 62.40 -6.90 -9.96 %
NNFM N 11.70 N 10.55 -1.15 -9.83 %
JAPAULGOLD N 0.33 N 0.30 -0.03 -9.09 %
PRESTIGE N 0.43 N 0.40 -0.03 -6.98 %
MULTIVERSE N 0.21 N 0.20 -0.01 -4.76 %

Top Trades

Symbols Volume Value
TRANSCORP 86743395.00 111727410.44
JAIZBANK 22765697.00 20250949.55
SOVRENINS 20021474.00 5026543.95
FCMB 19757241.00 68504710.22
STERLNBANK 17169726.00 25707768.19

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

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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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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Nigerian Exchange Limited

Nigerian Stock Market Extends Decline Last Week

The Nigerian Exchange Limited (NGX) extended its declines for a second consecutive week as market uncertainties amid projected global recession continue to dictate stocks’ direction.

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stock bear - Investors King

The Nigerian Exchange Limited (NGX) extended its declines for a second consecutive week as market uncertainties amid projected global recession continue to dictate stocks’ direction.

Last week investors transacted 1.121 billion shares worth N13.703 billion in 22,350 deals, in contrast to a total of 940.892 million shares valued at N11.494 billion that exchanged hands in 20,077 deals in the previous week.

Breaking down the sectors, the Financial Services Industry led the activity chart with 806.824 Million shares valued at N6.075 billion that exchanged hands in 11,071 deals. Therefore, contributing 71.99% and 44.33% to the total equity turnover volume and value respectively.

The Oil and Gas Industry followed with 95.031 million shares worth N1.449 billion in 1,849 deals. In third place was the Conglomerates Goods Industry, with a turnover of 66.716 million shares worth N169.517 million in 733 deals.

FCMB Group Plc, United Bank for Africa Plc and Oando Plc were the three most traded equities during the week. The three accounted for a combined 407.770 million shares worth N2.009 billion in 2,181 deals. Therefore, contributing 36.39% and 14.66% to the total equity turnover volume and value respectively.

The NGX All-Share Index declined by 0.14% or 72.47 index points from 51,778.08 index points recorded in the previous week to 51,705.61 index points last week. The market value of listed equities depreciated by N39 billion to N27.875 trillion, down from N27.914 trillion. In the last two weeks, the Exchange has lost a combined N806 billion.

Similarly, all other indices finished lower with the exception of the NGX CG , NGX Premium NGX Banking, NGX Pension, NGX Afr bank value, NGX Oil/Gas and NGX Lotus indices which appreciated at 0.86%, 1.50%, 0.33%, 0.40%, 0.16%, 0.32% and 0.55% while, the NGX Asem and NGX Growth indices closed flat.

Sixteen equities appreciated in price during the week, higher than Thirteen equities in the previous week. Fifty-six equities depreciated in price higher than Fiftyone equities in the previous week, while eighty-four equities remained unchanged lower than ninety-two equities recorded in the previous week.

The Exchange year-to-date return moderated to 21.04%. See the week’s top gainers and losers below.

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