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Nigerian Exchange Limited

GTCo, Zenith Bank, Access Bank Were The Most Traded Equities on Monday

Stocks of Guaranty Trust Holding Company Plc (GTCo Plc), Zenith Bank, Access Bank and other leading financial institutions were the most traded on Monday at the Nigerian Exchange Limited (NGX).

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Nigerian Exchange Limited - Investors King

Stocks of Guaranty Trust Holding Company Plc (GTCo Plc), Zenith Bank, Access Bank and other leading financial institutions were the most traded on Monday at the Nigerian Exchange Limited (NGX).

Investors transacted 176,053,708 shares worth N2.271 trillion in 4,965 deals during the trading hours of Monday. GTCO was the most traded stock with 21,371,040 shares estimated at N426,794,706.30. This was followed by Zenith Bank’s 20,445,680 shares valued at N429,282,785.05.

Analysing each sector, the banking sector gained 19 basis points (bps) on the back of 9.30% gain in Unity Bank, 1.45% appreciationg of Zenith Bank and 0.30% improvement in Wema Bank. Sterling Bank and Fidelity Bank shed 3.23% and 1.89%, respectively.

The consumer goods sector lost 13bps as stock of Intbrew and Maybaker declined by 6.54% and 6.42%, respectively. However, stocks of Champion, Unilever and Honey Flour closed in the green.

Industrial sector shed 418bps on 9.96% decline in the value of Bua Cement while the oil and gas sector closed flat.

NGX All-Share index extended its decline by 0.83% to 49,950.32 index points, down from 50,370.25 index points it closed on Friday. The market value of all listed equities also declined to N26.936 trillion, respresenting a decline of N226 billion from N27.163 trillion it settled on Friday.

The Exchange year to date return moderated from 17.92% on Friday to 16.93%. See other details below.

Top Gainers 

Symbols Last Close Current Change %Change
CAVERTON N 1.00 N 1.10 0.10 10.00 %
COURTVILLE N 0.40 N 0.44 0.04 10.00 %
CHAMPION N 3.65 N 4.00 0.35 9.59 %
UNITYBNK N 0.43 N 0.47 0.04 9.30 %
LIVESTOCK N 1.15 N 1.25 0.10 8.70 %

Top Losers

Symbols Last Close Current Change %Change
BUACEMENT N 69.30 N 62.40 -6.90 -9.96 %
MCNICHOLS N 0.91 N 0.82 -0.09 -9.89 %
NEIMETH N 1.55 N 1.40 -0.15 -9.68 %
INTBREW N 5.35 N 5.00 -0.35 -6.54 %
MAYBAKER N 3.58 N 3.35 -0.23 -6.42 %

Top Trades

Symbols Volume Value
GTCO 21371040.00 426794706.30
ZENITHBANK 20445680.00 429282785.05
ACCESSCORP 16784565.00 149668133.60
FBNH 14313464.00 153132806.80
UBA 14263232.00 100531057.85

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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