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Nigerian Exchange Limited

Stock Investors Cashout as NGX Continues to Decline

Investors in the Nigerian Exchange Limited (NGX) lost N127 billion last week as more investors cash out following the interest rate increase by the Central Bank of Nigeria (CBN) last week.

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stock - Investors King

Investors in the Nigerian Exchange Limited (NGX) lost N127 billion last week as more investors cash out following the interest rate increase by the Central Bank of Nigeria (CBN) last week.

During the week investors exchanged a total of 917.190 million shares worth N14.803 billion in 19,513 deals, in contrast to a total of 504.322 million shares valued at N7.517 billion that exchanged hands in 12,393 deals in the previous week.

The Financial Services Industry led the activity chart with 648.207 million shares valued at N6.258 billion traded in 9,293 deals. Therefore, contributing 70.63% and 42.27% to the total equity turnover volume and value, respectively.

The Consumer Goods Industry followed with 102.605 million shares worth N3.211 billion in 3,016 deals. In third place was the Conglomerates Industry, with a turnover of 36.218 million shares worth N193.474 million in 562 deals.

United Bank For Africa Plc, Guaranty Trust Holding Company Plc and Access Holdings Plc accounted for 355.624 million shares worth N4.120 billion in 3,486 deals, contributing 38.77% and 27.83% to the total equity turnover volume and value, respectively.

The NGX All-Share Index depreciated by 0.45% or 235.20 index points to close the week at 51,979.92 index points, down from 52,215.12 index points recorded in the previous week.

The market value of all equities dipped by the same 0.45% or N127 billion to settle at N28.031 trillion in the week under review from N28.158 trillion.

Similarly, all other indices finished lower with the exception of the NGX Insurance, NGX MERI Growth, NGX Oil/Gas, NGX Growth and NGX Sovereign Bond Indices which appreciated at 1.81%, 1.01%, 3.80%, 0.41% and 0.15% while, the NGX ASeM index closed flat.

Nineteen equities appreciated in price during the week, lower than Twenty in the previous week. Thirty-six equities depreciated in price higher than Thirty-two in the previous week, while one hundred and one equities remained unchanged lower than one hundred and four equities recorded in the previous week.

The Exchange year to date declined to 21.69%. See other details below.

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

Stock Market Extends Decline as Inflation Rises to 17-Year High in Nigeria

The Nigerian Exchange Limited (NGX) shed 0.07% on Monday after the NBS report showed inflation rose to a 17-year

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Nigerian Stock Exchange - Investors King

The Nigerian Exchange Limited (NGX) shed 0.07% on Monday after the National Bureau of Statistics (NBS) report showed inflation rose to a 17-year in Africa’s largest economy in the month of July.

Nigeria’s inflation expanded by 19.64% in July, the highest since September 2005. The persistent increase in prices despite efforts by the central bank to rein in prices and deepen economic productivity forced many investors to start closing their open positions.

The market capitalisation of listed equities declined by another N19 billion to N26.769 trillion following a N571 billion decline recorded last week.

Similarly, NGX All-Share Index lost another 0.07% to close at 49,629.43 index points, this was in addition to 1,058.26 index points or 2.09% depreciation suffered last week.

Investors transacted 210,835,728 shares worth N2.188 billion in 4,122 transactions during the trading hours of Monday, representing a 71.90% decline from 750,285,275 shares that exchanged hands on Friday. E-Transact and financial services stocks were the most traded stocks on Monday as shown below.

A critical look into each sector showed the banking sector gained 15 basis points (bps) on a 4.65% appreciation in the values of Unity Bank, 2.12% gain in Zenith Bank and 0.33% improvement in Fidelity Bank. Jaiz Bank, UBA and Sterling Bank closed in the red.

The industrial index appreciated by 17bps. While consumer goods and oil and gas declined 33bps and 3bps, respectively.

The Exchange year to date declined further to 16.18%. See the details of top gainers and losers below.

Top Gainers

Symbols Last Close Current Change %Change
NEIMETH N 1.40 N 1.53 0.13 9.29 %
UNITYBNK N 0.43 N 0.45 0.02 4.65 %
FCMB N 3.35 N 3.49 0.14 4.18 %
ZENITHBANK N 21.25 N 21.70 0.45 2.12 %
TRANSCORP N 1.07 N 1.08 0.01 0.93 %

Top Losers 

Symbols Last Close Current Change %Change
PRESCO N 158.40 N 142.60 -15.80 -9.97 %
MULTIVERSE N 2.44 N 2.25 -0.19 -7.79 %
IKEJAHOTEL N 1.27 N 1.20 -0.07 -5.51 %
DANGSUGAR N 16.70 N 16.00 -0.70 -4.19 %
JAIZBANK N 0.91 N 0.88 -0.03 -3.30 %

Top Trade

Symbols Volume Value
ETRANZACT 52551673.00 119835326.82
FBNH 23082685.00 249782076.95
UBA 21896502.00 153480014.60
GTCO 15517148.00 315918097.65
TRANSCORP 12741555.00 13710597.18

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Nigerian Exchange Limited

CBO Capital Partners Ltd Divests N80.112 Million from Ellah Lakes Plc

CBO Capital, an investment advisory, and project development firm based in Lagos, sold 20,333,000 Ellah Lakes shares worth N80,112,020.

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Ellah Lakes

CBO Capital, an investment advisory, and project development firm based in Lagos, sold 20,333,000 Ellah Lakes shares worth N80,112,020.

The management of Ellah Lakes disclosed in a statement signed by Olumoroti Alli (OAKE Legal), Company Secretary.

CBO Capital sold 10,000,000 shares at N3.58 per share on 8 August. On August 9th, the company sold another 333,000 shares at N3.93 per share and 10,000,000 shares at N4.30 per share.

See other details of the transactions below.

CBO Partner

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Nigerian Exchange Limited

NAHCO, FCMB, Others Gain as NGX Closed in Red

Stocks of NAHCO, FCMB, Ikeja Hotel and others closed in the red on Thursday as the Nigerian Exchange Limited (NGX) extended its decline.

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Nigerian Exchange Limited - Investors King

Stocks of NAHCO, FCMB, Ikeja Hotel and others closed in the red on Thursday as the Nigerian Exchange Limited (NGX) extended its decline.

Investors exchanged 133,591,047 shares worth N2.438 billion in 4,292 deals during the trading hours of Thursday. UBA was the most traded stock with an estimated 20,453,288 shares valued at N143,647,202 exchanging hands. Chams holding company followed with 8,978,109 shares worth N2,772,466.88.

A critical look into each sector, the banking sector lost 62 basis points (bps) as stocks of Jaiz Bank, UBA and Sterling Bank lost 5.56%, 2.78 and 2%, respectively. Wema Bank and Fidelity Bank appreciated by 6.87% and 1.66%.

The consumer goods sector declined by 3bps on 0.95% depreciation in Intbrew despite Honey Flour gaining 1.52%.

Oil and gas and industrial sectors however closed in the green. Oil and gas appreciated by 6bps on the back of a 2.80% increase in the value of Eterna.

The industrial sector gained 10bps on a 2.74% gain in Cutix and 1.29% in the worth of Wapco.

The NGX All-Share Index depreciated by 0.12% to 50,014.6 index points while the market value of listed equities was N26.976 trillion.

The Exchange year-to-date return moderated to 17.09% as a total of 21 stocks gained against 15 stocks that lost points. See other details of top gainers and losers below.

Top Gainers 

Symbols Last Close Current Change %Change
NAHCO N 5.30 N 5.83 0.53 10.00 %
FCMB N 3.05 N 3.35 0.30 9.84 %
IKEJAHOTEL N 1.06 N 1.16 0.10 9.43 %
MULTIVERSE N 2.06 N 2.25 0.19 9.22 %
COURTVILLE N 0.47 N 0.51 0.04 8.51 %

Top Losers 

Symbols Last Close Current Change %Change
ABCTRANS N 0.30 N 0.28 -0.02 -6.67 %
JAIZBANK N 0.90 N 0.85 -0.05 -5.56 %
STANBIC N 29.00 N 28.05 -0.95 -3.28 %
CAVERTON N 1.05 N 1.02 -0.03 -2.86 %
UBA N 7.20 N 7.00 -0.20 -2.78 %

Top Trades

Symbols Volume Value
UBA 20453288.00 143647202.00
CHAMS 8978109.00 2772466.88
ACCESSCORP 8165564.00 72687379.70
JAPAULGOLD 7346278.00 2859880.92
JAIZBANK 7103653.00 6240492.39

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