Nigerian Exchange Limited

Nigerian Stock Market Opens the Week in Green as Investors Scoop Banks’ Shares

The Nigerian Exchange Limited (NGX) extended last week’s bullish run to post another N56 billion gain after N355 billion recorded last week.

Published

2 years ago

July 19, 2022

Samed Olukoya

The Nigerian Exchange Limited (NGX) extended last week’s bullish run to post another N56 billion gain after N355 billion recorded last week.

Investors transacted 116,280,764 shares estimated at N3.465 billion in 4,525 deals during the trading hours of Monday. UBA was the most traded equity, accounting for 12925657 shares worth N96,876,749.90. Followed by Zenith Bank’s 10675813 shares valued at N235,677,454.55.

Analysing each of the sectors, the banking sector shed 4 basis points (bps) on 0.92%, 0.90% and 0.31% decline in the values of Union Bank of Nigeria, Zenith Bank and Fidelity Bank. Wema Bank, Sterling Bank, FCMB and UBA closed in the green.

Similarly. the consumer goods sector dropped 64bps on the back of depreciation in the worth of Honey Floor and NB. Flour Mills, however, closed with a 2.41% gain.

The oil and gas sector appreciated by 402bps on 10% gain in Seplat Energy. However, the industrial sector was unchanged.

Market value of listed stocks rose by N56 billion to N28.214 trillion, up from N28.158 trillion it closed on Friday. The NGX All-Share Index appreciated by 0.20% from 52,215.12 index points recorded last week to 52,319.94 index points on Monday.

The Exchange year to date gain improved to 22.48%. See other details below.

Top Gainers

Symbols	Last Close	Current	Change	%Change
SEPLAT	N 1300.50	N 1430.50	130.00	10.00 %
CORNERST	N 0.57	N 0.62	0.05	8.77 %
RTBRISCOE	N 0.37	N 0.40	0.03	8.11 %
WEMABANK	N 3.74	N 4.00	0.26	6.95 %
FIDSON	N 9.41	N 9.90	0.49	5.21 %

Top Losers

Symbols	Last Close	Current	Change	%Change
CWG	N 0.90	N 0.81	-0.09	-10.00 %
ACADEMY	N 2.21	N 2.00	-0.21	-9.50 %
HONYFLOUR	N 2.75	N 2.50	-0.25	-9.09 %
NAHCO	N 6.58	N 6.00	-0.58	-8.81 %
REGALINS	N 0.27	N 0.25	-0.02	-7.41 %

Top Trades

Symbols	Volume	Value
UBA	12925657.00	96876749.90
ZENITHBANK	10675813.00	235677454.55
FBNH	8155751.00	88720981.20
ACCESSCORP	6713093.00	62722922.60
GTCO	5893768.00	125386186.25

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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

Stock Investors Gain N131 Billion on Tuesday

Published

2 hours ago

September 18, 2024

Samed Olukoya

Nigerian Exchange Limited - Investors King

Nigeria’s equities market opened the holiday-shortened trading week in green as investors bought banking and consumer goods stocks despite record profit taking in insurance, industrial, oil & gas stocks.

“Looking forward, the equities market is expected to retain its buy interest as investors cherry-pick undervalued stocks. However, given the sentiment that rates might have peaked in the fixed income and money markets and investors locking in on current rates, we expect some bearish undertone to persist in the equities market,” according to United Capital research analysts.

The analysts said the bulls “will remain incentivised to persist in bargain hunting, given the tremendous mid-long-term opportunities in the equities market. Fund managers and businesses may begin to entertain mid-long-term (≥6 months) investment objectives, cherry-picking only sound equities with strong fundamentals and ongoing corporate actions. This strategy will maximise market opportunities, thereby optimising portfolio returns”.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation appreciated by 0.23 percent and N131billion from preceding day’s 97,456.62 points and N56.002 trillion respectively to 97,685.63 points and N56.133 trillion.

The market’s year-to-date (YtD) return rose to 30.64 percent.

According to Meristem research analysts, “While we expect subdued participation in the Nigerian equities market this week, we anticipate that buying activity will outweigh profit-taking. Our outlook is hinged on the belief that no major negative catalysts are expected to shift market direction this week. We anticipate that investors will continue selective buying, seeking opportunities across various sectors.

“Additionally, macroeconomic developments and corporate actions from companies could stimulate moderate buying interest in the market. We also do not foresee a significant shift towards the fixed-income market as yields have started to stabilize. However, we acknowledge the potential for profit-taking as short-term investors may look to capitalize on recent gains. Overall, we expect the market to close in the green zone this week,” Meristem analysts said.

Nigerian Exchange Limited

Nigeria’s Equities Market Gains 0.32% Boosted by Nestle, Flourmills, and FBN Holdings

Published

5 days ago

September 13, 2024

Investors King

Nigeria’s equities market rose by 0.32 percent or N178billion on Thursday, thanks to Nestle, Flourmills and FBN Holdings that led the league of major advancers on the Lagos Bourse.

FBN Holdings increased from N24 to N26.40, adding N2.40 or 10percent. Caverton rose from N2.10 to N2.31, up by 21kobo or 10percent.

Flour Mills moved from N45.05 to N49.55, up by N4.50 or 9.99percent. RT Briscoe increased from N3.02 to N3.32, down by 30kobo or 9.93 percent, while Nestle rallied from N810 to N890, N80 or 9.88percent.

At the close of trading, the Nigerian Exchange Limited (NGX) All Share Index (ASI) and equities market capitalisation increased from 96,715.04 points and N55.575 trillion respectively to 97,025.17 points and N55.753 trillion.

Access Holdings, FBN Holding, UBA, Caverton and Zenith Bank shares were most trading stocks. In 9,615 deals, investors exchanged 390,546,861 shares valued at N7.974billion.

Ahead of Thursday’s trading, analysts said broader market sentiment will remain balanced, with risk-averse investors maintaining a cautious stance ahead of any major corporate earnings announcements.

Nigerian Exchange Limited

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

Published

1 week 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.