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Nigerian Exchange Limited

Nigeria’s Stock Market appreciates by N158 Billion Last Week

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Nigerian Exchange Limited - Investors King

Nigeria’s equities market appreciated last week despite the global market rout. The Nigerian Exchange Limited (NGX) gained N158 billion during the week as investors exchanged 1.831 billion shares worth N19.494 billion in 21,723 deals.

The shares and value traded were lower than 28.736 billion shares valued at N209.060 billion that exchanged hands in 23,688 deals in the previous week when Titan Bank purchased 27 billion shares in Union Bank.

During the week, the Financial Services Industry led the activity chart with 1.173 billion shares valued at N12.485 billion but traded in 10,657 deals. Therefore, the financial services industry contributed 64.07% and 64.04% to the total equity turnover volume and value, respectively.

The Conglomerates Industry followed with 419.100 million shares worth N607.703 million in 1,095 deals. In
third place was the Consumer Goods Industry, with a turnover of 69.680 million shares worth N2.754 billion in 3,158 deals.

FBN Holdings Plc, Transnational Corporation Plc and United Bank for Africa Plc were the three most traded equities and accounted for a combined 1.136 billion shares worth N8.323 billion in 2,906 deals. Therefore, the three contributed 62.08% and 42.70% to the total equity turnover volume and value, respectively.

The NGX All-Share Index appreciated by 0.55% or 293.14 index points to close the week at 53,201.38 while the market value of all the listed equities grew by N159 billion to N28.681 trillion.

All other indices finished lower with the exception of the NGX 30, NGX CG, NGX Premium, NGX MERI Value, NGX Oil/Gas, NGX Lotus II and NGX Industrial Goods index which appreciated at 0.84%, 0.01%, 1.42%,0.32%, 0.68%, 1.62% and 0.25% while, the NGX Asem index closed flat.

Twenty-nine equities appreciated in price during the week, lower than Thirty-six equities in the previous week. Thirty-six equities depreciated in price, lower than forty five equities in the previous week, while ninety-one equities remained unchanged higher than seventy-five equities recorded in the previous week.

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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