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Nigerian Exchange Limited

Nigerian Stock Market Closed Strong Last Week

Stock investors gained N168 billion last week as investors have started scooping underpriced stocks following weeks of bearish trends.

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Stock investors gained N168 billion last week as investors have started scooping underpriced stocks following weeks of bearish trends.

Investors transacted 914.443 million shares worth N15.263 billion in 18,021 deals during the week, against a total of 823.005 million shares valued at N12.228 billion that exchanged hands in 17,482 deals in the previous week.

Breaking down the performance of key sectors, the Financial Services Industry led the activity chart with 723.125 million shares valued at N5.209 billion that exchanged hands in 9,122 deals. Therefore, contributed 79.08% and 34.13% to the total equity turnover volume and value, respectively.

Consumer Goods followed with 51.097 million shares worth N4.668 billion in 2,610 deals. In third place was the Conglomerates Industry, with a turnover of 36.089 million shares worth N72.383 million
in 527 deals.

Mutual Benefits Assurance Plc, FBN Holdings Plc and Access Holdings Plc were the three most traded equities last week. The three accounted for a combined 325.818 million shares worth N1.758 billion in 1,897 deals and contributed 35.63% and 11.52% to the total equity turnover volume and value, respectively.

The NGX All-Share Index appreciated by 0.63% to close the week at 49,682.15, up from 49,370.62 index points recorded in the previous week. The market capitalisation of all listed equities gained N168 billion to settle at N26.797 trillion from N26.629 trillion achieved in the previous week. The Exchange year-to-date gain inched slightly higher to 16.31%.

All other indices finished lower with the exception of NGX-Main Board, NGX 30 Index, NGX Insurance Index, NGX-AFR Bank Value and NGX Lotus II Indices which appreciated by 2.56%, 0.48%, 3.88%, 0.07 and 0.11% while, The NGX ASeM and Growth indices closed flat.

Twenty-seven equities appreciated in price during the week, higher than Twenty-one equities in the previous week. Thirty-eight equities depreciated in price lower than Forty- one in the previous week, while ninety-one equities remained unchanged lower than ninety-four 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

Stock Investors Lose N241 Billion Last Week

Investors in the Nigerian Exchange Limited (NGX) lost N241 billion last week as market uncertainty continues across the length and breadth of the market.

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Investors in the Nigerian Exchange Limited (NGX) lost N241 billion last week as market uncertainty continues across the length and breadth of the market.

Investors transacted 562.856 million shares worth N9.438 billion in 16,013 deals during the week, against a total of 719.398 million shares valued at N8.004 billion that exchanged hands in 17,444 deals in the previous week.

Breaking down each sector’s performance, the financial services industry led the activity chart with 381.958 million shares valued at N4.551 billion traded in 8,627 deals. Therefore, contributed 67.86% and 48.21% to the total equity turnover volume and value, respectively.

The ICT industry followed with 59.345 million shares worth N2.480 billion in 1,272 deals. In third place was the services industry, with a turnover of 32.212 million shares worth N95.807 million in 607 deals.

Zenith Bank Plc, NGX Group Plc and Guaranty Trust Holding Company Plc were the three most traded equities during the week. The three accounted for 183.929 million shares worth N3.499 billion in 3,628 deals and contributed a combined 32.68% and 37.07% to the total equity turnover volume and value, respectively.

The NGX All-Share index declined by 0.91% or 448.80 index points to 49,026.62 index points, down from 49,475.42 index points recorded in the previous week.

Market capitalization depreciated by N241 billion from N26.686 trillion recorded in the previous week to N26.445 trillion last week.

Similarly, all other indices finished lower with the exception of NGX Premium, NGX Banking, NGX Pension, NGX AFR Bank Value and NGX MERI Value which appreciated by 0.13%, 2.27%, 0.05%, 0.08% and 1.84% while The NGX ASeM, NGX Growth and NGX SOVBND indices closed flat.

Seventeen equities appreciated in price during the week, higher than thirteen equities in the previous week. Forty-two equities depreciated in price higher than Thirty-nine in the previous week, while ninety-seven equities remained unchanged lower than one-hundred and four equities recorded in the previous week.

The year-to-date return moderated to 14.77%. See the details of top gainers and losers below.

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Nigerian Exchange Limited

FBN Holdings, Other Stocks Lift NGX Market Value by N2 Billion on Tuesday

First Bank of Nigeria, Fidelity Bank, Zenith Bank, Linkage Assurance among others lifted the market value of the Nigerian Exchange Limited (NGX) by N2 billion on Tuesday. 

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FBN Holdings, Fidelity Bank, Zenith Bank, Linkage Assurance among others lifted the market value of the Nigerian Exchange Limited (NGX) by N2 billion on Tuesday. 

Trading session on the NGX on Tuesday 20th, 2022 witnessed some sell-off, especially in the blue-chip stocks. However, despite the sell-off, investors gained N2 billion in value as market capitalisation went up to N26.670 trillion. 

NGX All-Share Index (ASI) rose by 5.10 points, representing a growth of 0.01 percent to close at 49,445.31 points. 

Investors King analysis shows that the gains recorded in First Bank, Fidelity bank, Zenith Bank, Linkage Assurance, Briscoe Nigeria and six others were responsible for the marginal gain recorded on the Exchange today. 

R.T. Briscoe Nigeria led gainers with 10 percent to close at 33 kobo per share. First Bank of Nigeria Holdings followed with a gain of 5.00 percent to close at N10.50, while Linkage Assurance rose by 4.35 percent to call it a day at 48 kobo a share.

Also, Regency Alliance Insurance went up by 4.00 percent to close at 26 kobo. Mutual Benefits Assurance appreciated by 3.70 percent to settle at 28 kobo a unit.

Among gainers were Fidelity Bank and Jaiz Bank, the two added 2.05 percent and 1.20 kobo to close at N3.48 kobo and 84 kobo, respective.

Other stocks that appreciated on Tuesday include TransNational Corporation which appreciated by 95 percent to close at N1.06 kobo. Capital Hotel gained 29 percent to close at N3.41 kobo. Zenith Bank also garnered 25 percent to close at N19.80 kobo.

However on the losers side, TotalEnergies Marketing Nigeria led the pack by 9.98 percent to close at N211.10. Learn Africa followed with a decline of 9.71 per cent to close at N1.86, while Honeywell Flour Mills shed 8.13 percent to close at N2.26, per share. 

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Nigerian Exchange Limited

Red Star, Beta Glass, Others Top Losers as Stock Investors Lose N119 Billion Last Week

The Nigerian stock market closed in the red last week despite posting a 0.70% gain in the previous week.

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Nigerian Stock Exchange

The Nigerian stock market closed in the red last week despite posting a 0.70% gain in the previous week.

Investors exchanged a total of 719.398 million shares worth N8.004 billion in 17,444 deals, against a total of 949.819 million shares valued at N9.329 billion that exchanged hands in 18,525 deals in the previous week.

Breaking down activity in key sectors, the Financial Services Industry led the activity chart with 411.407 million shares valued at N3.943 billion traded in 9,471 deals. Therefore, contributing 57.19% and 49.26% to the total equity turnover volume and value respectively.

The ICT Industry followed with 177.815 million shares worth N955.781 million in 1,573 deals. The third place was the Conglomerates Industry, with a turnover of 36.577 million shares worth N2.332 billion in 2,425 deals.

Courteville Business Solutions Plc, Zenith Bank Plc and Access Holdings Plc were the three most traded equities and accounted for 278.293 million shares worth N1.984 billion that exchanged hands in 3,038 deals. The three contributed a combined 38.68% and 24.78% to the total equity turnover volume and value respectively.

The Nigerian Exchange Limited (NGX) All-Share Index depreciated by -219.70 index points, or 0.44% to 49,475.42, down from 49,475.42 index points recorded in the previous week. The market value of all listed equities declined by N119 billion from N26.805 trillion it closed in the previous week to N26.686 trillion last week.

Similarly, all other indices finished lower while the NGX ASeM and NGX Growth indices closed flat.

Thirteen equities appreciated in price during the week, lower than twenty-two equities in the previous week. Thirty-nine equities depreciated in price higher than Thirty-six in the previous week, while one-hundred and four equities remained unchanged higher than ninety-eight equities recorded in the previous week.

The Exchange year-to-date return to 15.82%. See details of top gainers and losers below.

Top 10

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