Connect with us

Nigerian Exchange Limited

Week-on-Week NGX All-Share Index Gained 0.73%

Investors transacted 1.195 billion shares worth N12.924 billion in 19,305 deals last week

Published

on

stock - Investors King

The Nigerian Exchange Limited (NGX) closed in the green for a second consecutive week last week as investors have started returning to the Exchange following interest rates hike that eroded interests.

Investors transacted 1.195 billion shares worth N12.924 billion in 19,305 deals during the week under review, against a total of 914.443 million shares valued at N15.263 billion that exchanged hands in 18,021 deals in the previous week.

Breaking down each sector, the Financial Services Industry led the activity chart with 1.017 billion shares valued at N5.685 billion traded in 10,107 deals. Therefore, contributing 85.09% and 43.99% to the total equity turnover volume and value respectively. The

ICT Industry followed with 37.063 million shares worth N4.575 billion in 1,996 deals. While the third place was the Consumer Goods Industry, with a turnover of 35.184 million shares worth N1.209 billion in 2,471 deals.

During the week, Sterling Bank Plc., Fidelity Bank Plc and Access Holdings Plc were the most traded equities. Together, the three accounted for 540.056 million shares worth N1.499 billion that exchanged hands in 2,179 deals and contributed a combined 45.18% and 11.60% to the total equity turnover volume and value, respectively.

The market value of all listed equities appreciated by N197 billion from N26.797 trillion recorded in the previous week to settle at N26.994 trillion last week.

The NGX All-Share Index grew by 0.73% or 363.68 index points to 50,045.83 index points, up from 49,682.15 index points it closed in the previous week. The Exchange year-to-date return inched higher to 17.16%

Similarly, all other indices finished higher with the exception of NGX- Growth Index which depreciated by 0.51% while, the NGX ASeM and NGX Sovereign Bond indices closed flat.

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

Top Gainers

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

Continue Reading
Comments

Nigerian Exchange Limited

Equities Market Dips 0.04% as Q2 Earnings Hit NGX

Published

on

Stock - Investors King

Nigeria’s equities market experienced a slight decline of 0.04% on Wednesday ahead of the second quarter (Q2) financial results.

At the close of trading on the Nigerian Exchange Limited (NGX), the All Share Index (ASI) fell from the previous day’s high of 100,075.59 points to 100,032.32 points.

Similarly, the equities market capitalization decreased from N56.670 trillion to N56.645 trillion.

Jaiz Bank, Cutix, Zenith Bank, Universal Insurance, and FCMB Group were among the most actively traded stocks.

Investors exchanged 1,099,300,929 shares worth N10.076 billion across 8,720 deals.

Several stocks dominated the sell-side, including RT Briscoe, which fell from 70 kobo to 66 kobo, a 5.71% decrease.

FTN Cocoa dropped by 4.44%, while Tantalizer, Neimeth, and Consolidated Hallmark Holdings also saw declines.

The market’s year-to-date (YtD) positive return decreased to 33.78%. While this month has seen a marginal drop of 0.03%, the week still shows an increase of 0.36%.

The dip reflects investor reactions to the ongoing release of corporate earnings for Q2. As companies disclose their financial results, market participants are adjusting their positions accordingly.

As more Q2 financials are released, market volatility is expected. Investors are closely monitoring earnings reports to guide their investment strategies.

Continue Reading

Nigerian Exchange Limited

Nigeria’s Equities Market Gains 0.11%, Adds N62 Billion in Value

Published

on

stock - Investors King

The Nigerian equities market posted a 0.11 percent gain on Tuesday as increased buy-side actions boosted the market’s value by N62 billion.

This positive movement reflects renewed investor confidence and activity in the market.

Leading the charge were stocks like United Capital, UACN, and Cutix. Investors engaged in 8,151 deals, exchanging 368,392,413 shares worth N7.424 billion.

Among the top advancers, United Capital saw a significant rise from N30 to N33, adding N3 or 10 percent.

Cutix also performed well, climbing from N5.08 to N5.58, an increase of 50 kobo or 9.84 percent.

Sunu Assurances and Cornerstone Insurance were other notable gainers, with Sunu Assurances increasing from N1.29 to N1.39, adding 10 kobo or 7.75 percent, and Cornerstone moving from N1.95 to N2.10, up 15 kobo or 7.69 percent.

UACN also saw a substantial gain, rising from N14.15 to N15.20, an addition of N1.05 or 7.42 percent.

The market’s positive return year-to-date (YtD) now stands at 33.84 percent, with a marginal increase of 0.02 percent for the month. So far this week, the market has grown by 0.41 percent.

Key stocks such as Zenith Bank, Access Holdings, GTCO, Jaiz Bank, and UBA were actively traded, indicating strong investor interest.

At the close of trading on the Nigerian Exchange Limited (NGX), the All Share Index (ASI) and equities Market Capitalisation rose from the previous day’s low of 99,966.28 points and N56.608 trillion to 100,075.59 points and N56.670 trillion, respectively.

This uptick in market activity and value reflects growing optimism among investors, buoyed by positive corporate earnings and macroeconomic indicators.

As Nigeria’s market continues to evolve, stakeholders are hopeful for sustained growth and stability in the coming months.

Continue Reading

Nigerian Exchange Limited

NGX All Share Index Climbs to 99,966.28 Points

Published

on

Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited (NGX) rebounded on Monday as the All Share Index (ASI) rose by 0.30%, closing at 99,966.28 points.

This positive development came after a five-day streak of negative closes, bringing renewed optimism to the market.

Investors saw N168 billion gains with stock market capitalization increasing from the previous low of N56.440 trillion to N56.608 trillion.

Among the standout performers were stocks such as Ikeja Hotel, Cutix, RedStar Express, and Sunu Assurances.

Ikeja Hotel saw its stock price rise from N6.35 to N6.95, adding 60 kobo or 9.45%. Cutix experienced an impressive increase from N4.62 to N5.08, gaining 46 kobo or 9.96%.

RedStar Express moved up from N4.05 to N4.38, an increase of 33 kobo or 8.15%, while Sunu Assurances rose from N1.19 to N1.29, adding 10 kobo or 8.40%.

The market’s positive return year-to-date (YtD) increased to 33.70%, though there has been a slight decrease of 0.09% in the month-to-date performance.

Despite this, the overall sentiment remains optimistic, with investors hoping for continued positive momentum.

GTCO, Access Holdings, FCMB Group, Japaul Gold, and UACN were among the most actively traded stocks.

A total of 362.42 million shares worth N7.367 billion were exchanged in 8,405 deals, showcasing robust trading activity and investor interest.

Market analysts attribute the rebound to renewed investor confidence and positive sentiments surrounding key stocks.

“The significant gains in major stocks like Ikeja Hotel and Cutix have boosted investor morale, leading to a broader market recovery,” said a market analyst.

The Nigerian stock market’s recovery comes amid a challenging economic environment, with investors closely monitoring developments both locally and globally.

The positive performance of the NGX ASI on Monday serves as a beacon of hope for market participants, indicating potential stability and growth in the coming weeks.

As the market continues to respond to economic indicators and corporate earnings reports, investors will be keenly watching for sustained positive trends and opportunities for profitable investments.

The NGX’s performance on Monday sets a promising tone for the rest of the week, with market participants eagerly anticipating further gains and stability in the Nigerian stock market.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending