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Nigerian Exchange Limited

Conoil, Unilever Tops Losers as ASI Dips by 0.2%

Conoil finished last on the losing side with a 9.92% price decrease

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The Nigerian Bourse closed red at the close of market activities as bears took control and decline the overall market by 2 basis points on Thursday 25th May 2023.

The All-share Index (ASI) depreciate by 0.2% on the fourth trading day, resuming its first decline for the week to close at 52,821.60 points. The number reflects a gain of 1.37% for one week, 1.39% for the past four weeks, and 3.06% for the entire year.

A total of 111 NGX-listed equities were traded, displaying a negative market breadth, a gauge of investor confidence, with a total of 22 overall gainers and 24 overall losers.  The top gainers were FTN Cocoa Processors, which saw its share price increase by 8.77% to close at N0.62 per share, Tantalizers improved by 8.33%, Wapic Insurance improved by +7.14%, and Total Nigeria improved by +6.87%.

Conoil finished last on the losing side with a 9.92% price decrease at the day’s end, or N43.60 per share. Unilever Nigeria dropped by 8.28%, Eterna dropped by 6.21%, and PZ Cussons Nigeria dropped by 6.11%. The most shares were traded by United Bank for Africa, with 86.2 million, followed by Access Holdings with 67.4 million, Zenith Bank with 39.4 million, and Guaranty Trust Holding with 31 million.

Remarkable indices that performed were as follows: the NGX Top 30 Index (-0.09% Day Change; +1.54% One Week; +3.65% Year To Date), NGX Top 50 Index (-0.47% Day Change; +2.33% One Week; +9.48% Year To Date), NGX Oil & Gas Index (+0.23%; +1.18% One Week; +20.6% Year To Date), NGX Premium Index (-0.04% Day Change; +1.84% One Week; +14.46% Year To Date), NGX Industrial Index (-0.07% Day Change; +0.2% One Week; -1.35% Year To Date), and NGX Insurance Index (-0.08% Day Change; +4.45% One Week; +17.4% Year To Date).

At the conclusion of the trading session on the Nigerian Stock Exchange, 377,136,295 shares were exchanged in total over 5,879 deals, for a market value of N9,178,319,192.53 in contrast to the prior trading day. Data reveals a 17% drop in volume, a 17% rise in turnover, but an 11% drop in deals. The Nigerian Stock Exchange now has a market value of NGN 28.8 trillion.

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Nigerian Exchange Limited

Otedola’s Geregu: Investors Exchange Shares Worth N16.365 Billion on Monday in Suspected Insider Dealings

Investors in the Geregu Power Plc, a power-generating company owned by billionaire Femi Otedola, on Monday exchanged 52.491 million shares worth N16.365 billion, the largest of such transactions.

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Geregu Power

Investors in the Geregu Power Plc, a power-generating company owned by billionaire Femi Otedola, on Monday exchanged 52.491 million shares worth N16.365 billion, the largest of such transactions.

Prior to that transaction, investors had executed a similar transaction on Wednesday, 31, 2023, when 32.949 million shares exchanged hands at N309 a unit in N10.181 billion deals.

Again on May 30, 1.041 million shares were transacted at N303.9 per share at an estimated N316.474 million while another 13.109 billion shares were transacted at N299 per share on May 25 in a N3.919 billion deal.

The size of these transactions suggested possible insider dealings among top executives of the company and the management would be expected to announce disclosure in line with the Security and Exchange Commission and the Nigerian Exchange Group.

The Nigerian Exchange Group opened the week in the red as the All-Share Index dipped by 2 basis points from 55,820.50 index points on Friday to 55,806.71 index points on Monday.

The market value of all the listed equities declined by 0.02% to N30.387.10 trillion, down from N30.394.61 trillion.

The banking index grew by 0.27% to 521.63 index points while consumer goods and oil and gas indexes added 0.06% and 2.55%, respectively. All other indexes closed in red.

 

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Nigerian Exchange Limited

Tinubu’s Inauguration Triggers 5.37% Growth in Stock Market Last Week

The Nigerian stock market ended the week in the green as a result of the All-Share Index rising by 5.37% in the week ending June 2nd, 2023. 

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Last week, the market opened for four trading days as the Federal Government of Nigeria declared Monday 29th May 2023 as Public Holidays to commemorate the inauguration of the newly elected President of the Federal Republic of Nigeria, Bola Ahmed Tinubu.

The Nigerian stock market ended the week in the green as a result of the All-Share Index rising by 5.37% in the week ending June 2nd, 2023.

The benchmark index, ASI, increased this week from 52,973.88 points to 55,820.50 points, while the market capitalisation was N30.395 trillion at the end of the week. This has led to a positive month-to-date performance for the Nigerian stock market of 0.09% and a positive year-to-date gain of 8.92%.

With the exception of NGX Growth which depreciated by 0.18% while the NGX ASeM and NGX Sovereign Bond indices closed flat, all other indices finished higher.

Investors traded a total of 2.586 billion shares worth N46.643 billion in 35,122 transactions this week, compared to 1.963 billion shares worth N33.899 billion that changed hands in 30,827 transactions the previous week.

The Financial Services Industry led the activity chart with 1.890 billion shares valued at N23.041 billion traded in 17,806 deals; thus contributing 73.10% and 49.40% to the total equity turnover volume and value respectively. The Conglomerates Industry followed with 170.218 million shares worth N638.188 million in 1,830 deals. The third place was the Consumer Goods Industry, with a turnover of 132.432 million shares worth N3.837 billion in 4,938 deals.

Trading in the top three equities namely Access Holdings Plc, United Bank for Africa Plc and FBN Holding (measured by volume) accounted for 915.908 million shares worth N10.916 billion in 6,575 deals, contributing 35.42% and 23.40% to the total equity turnover volume and value respectively.

During the week, Sixty equities appreciated in price higher than forty-four equities in the previous week. Twenty-one equities depreciated in price lower than twenty-seven in the previous week, while seventy-five equities remained unchanged, lower than eighty-five recorded in the previous week.

A total of 44,858 bonds worth N44.174 million were traded this week in 24 deals as opposed to 12,837 bonds worth N12.608 million that were traded in 16 deals previous week.

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Nigerian Exchange Limited

Nigerian Stock Exchange Extends Gain by 0.06% on Wednesday as Market Cap Hits 30.4 Trillion

The Nigerian Equities Market closed positive as bulls raised the market’s overall value by 6 basis points on Wednesday to sustain positive sentiment across the Exchange following the inauguration of Bola Ahmed Tinubu.

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The Nigerian Equities Market closed positive as bulls raised the market’s overall value by 6 basis points on Wednesday to sustain positive sentiment across the Exchange following the inauguration of Bola Ahmed Tinubu.

The new president of Nigeria had promised to rejig the economy and force tough changes across the length and breadth of the nation.

Being the final trading day of the month, the All-share Index (ASI) rose by 0.06% to close at 55,769.29 points, showing gains of 5.98% over the previous week, 6.64% over the previous four weeks, and 8.82% over the entire year.

A total of 117 NGX listed securities participated in trading on the market, with 29 gainers and 39 losers at the close. With a share price increase of 10%, McNichols led the gainers, finishing at N0.77 per share. Veritas Kapital Assurance was up by 10%, Jaiz Bank was up by 10%, and Conoil was up by 9.96%.

On the losing side, National Salt Company finished last with a 9.79% price decline at the day’s conclusion to close at N15.20 per share. RT Briscoe was next with a 9.76% decline while Glaxo Smithkline Consumer ended the day with a 9.58% decline, and Caverton Offshore Support Group followed with a 9.35% decline.

With a total of 98.7 million shares traded, Access Holdings had the most activity, followed by United Bank for Africa (90.2 million), Zenith Bank (44.5 million), and Guaranty Trust Holding (39.6 million).

NGX Banking, NGX Consumer Goods, NGX Oil and Gas, NGX Insurance and NGX Industrial indexes posted -2.46%, +2.08%, +1.63%, -2.52% and -0.19%, respectively. Other remarkable indices that performed were the NGX Top 30 Index (-0.07% Day Change; +6.34% One Week; +9.69% Year To Date), NGX Top 50 Index (-1.23% Day Change; +6.31% One Week; +16.46% Year To Date) and NGX Main Board Index (+0.36% Day Change; +4.43% One Week; +3.91% Year To Date).

A total of 661,509,042 shares were exchanged in 10,024 transactions for a market value of N18,998,227,156.83. Data reveals a 39% reduction in volume, a 20% improvement in turnover, and a 1% improvement in deals when compared to the prior NGX trading day. The Nigerian Stock Exchange now has a market value of N 30.4 trillion.

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