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Stocks Closed in Red on Tuesday After Few Days of Bullish Run

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Nigerian Stock Exchange

Equities Closed in the Red After Few Days of Bullish Run

The Nigerian Stock Exchange (NSE) halted bullish run on Tuesday as stocks of Seplat, Total, MTN Nigeria, GTBank, etc dragged down the Exchange.

Investors traded a total of 150.399 million shares valued at N1.978 billion in 3,780 transactions during the trading hours of Tuesday.

The market capitalisation of listed equities declined by N70 billion to N12.859 trillion, down from N12.929 trillion it closed on Monday.

While the NSE All-Share Index declined by 0.54 percent to N24,650.16 basis points, down from 24,783.61 bps it closed on Monday.

Top Trades

Symbols Volume Value
MBENEFIT 26,924,061 N5,558,993.42
FBNH 17,036,839 N84,157,812.05
ACCESS 11,238,306 N69,798,077.90
WAPCO 10,612,230 N130,778,452.10
GUARANTY 8,452,972 N190,443,564.30

Top Losers

Symbols Last Close Current Change %Change
SEPLAT N312.7 N282 -30.7 -9.82%
TOTAL N97.5 N87.8 -9.7 -9.95%
MTNN N120 N118 -2 -1.67%
JBERGER N16 N15 -1 -6.25%
GUARANTY N23.3 N22.6 -0.7 -3.00%

Top Gainers

Symbols Last Close Current Change %Change
OKOMUOIL N70.5 N74.95 4.45 6.31%
BERGER N5.5 N6.05 0.55 10.00%
ZENITHBANK N15.9 N16.35 0.45 2.83%
OANDO N2.15 N2.27 0.12 5.58%
UCAP N2.77 N2.86 0.09 3.25%

 

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Stock Market

NSE Refutes Anonymous/Hacker Claims, Says It Website Not Hacked

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Nigerian Stock Exchange

Nigerian Stock Exchange Says Not Hacked by Anonymous/Hacker

The Nigerian Stock Exchange (NSE) has refuted the claim by a certain anonymous group that it has hacked the company’s website and illegally accessed the NSE database.

In a statement signed by the bourse management and released by the Exchange, it said “we have noted claims from unknown/anonymous groups that they have illegally accessed the website of the NSE. Please be aware that such claims are completely without foundation.

“There has been no breach of the NSE’s website, which continues to operate normally, maintained by the high levels of cyber-security which we have in place.”

It added that “should you have any further questions or receive any enquiries in this regard, please refer same to contactcentre@nse.com.ng.”

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Global Markets Rise on Stimulus Hopes – but Avoid ‘Buy Everything’ Mindset

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stock bull

Global stock markets have been cheered on hopes of fresh fiscal stimulus in the U.S. imminently – but investors must avoid the ‘buy everything’ mindset, warns the CEO of one of the world’s largest independent financial advisory and fintech organisations.

The comments from Nigel Green, chief executive and founder of deVere Group, follows House Democrat leader Nancy Pelosi saying over the weekend that she was “optimistic” regarding a stimulus deal before the presidential election on 3 November.

In Asia, Hong Kong’s Hang Seng gained 0.5% and Japan’s Nikkei climbed 1.1%, South Korea’s Kospi advanced 0.22%, Australia rose on the day, with the S&P/ASX 200 up 0.85%.

Meanwhile, London’s FTSE rose 0.6%, Germany’s Dax rose 0.9% and the Europe-wide Stoxx 600 climbed 0.8%.

U.S. futures also pointed higher.

Mr Green notes: “The possibility of a fresh fiscal stimulus shot in the U.S. – the world’s largest economy – is acting as a catalyst in driving global stocks higher.

“Investors are moving now to buy stocks to bolster their portfolios ahead of the announcements in the coming days when prices will jump even higher – so they’re taking advantage of what they see as the current lower entry points.”

He continues: “Once again, we’re seeing that few things can fuel markets like a stimulus injection – or even the possibility of one.

“Clearly, investors are not wanting to miss the boat, but they must also avoid the ‘buy everything’ mindset for two reasons.

“First, the markets are now assuming that the new stimulus is a done deal – it is not. If negotiations collapse, the market correction could be significant.

“Second, not all shares are created equal and stock markets are heavily unbalanced at the moment. A handful of firms in a handful of sectors are bringing up entire indexes.

“An experienced fund manager will help investors seek those most likely to generate and build their wealth over the long-term.”

The deVere CEO concludes: “Investing over the long-term on stock markets remains, as ever, one of the best and proven ways to accumulate wealth.

“However, investors must remember not to be complacent when an upbeat mood takes over the markets.”

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Again, Nigerian Stock Exchange Remains Unchanged as Investors Stay on Sideline

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Nigerian Stock Exchange

The Nigerian Stock Exchange Was Unchanged on Thursday as Investors Stay on Sideline

Social unrest amid economic uncertainty continues to dictate sentiment of the Nigerian Stock Exchange as the bourse remained unchanged for the second straight day on Thursday.

Investors traded 342.193 million shares worth N5.039 billion in 4,048 transactions during the trading hours of Thursday.

The market capitalisation of the Nigerian Stock Exchange settled at N14.815 trillion, the same value it closed on Wednesday.

Similarly, the Nigerian Stock Exchange Index remained unchanged at 28,344.04 index points as investors stay on the sideline to assess the ongoing youth protests in the country.

In terms of the volume traded, UBA led with 92.871 million shares valued at N613.559 million. This was followed by Zenith Bank with 67.233 million shares worth N1.349 billion. See the details below.

Top Traded Stocks on Thursday, October 15, 2020

Symbols Volume Value
UBA 92,871,254 N613,559,753.50
ZENITHBANK 67,233,052 N1,349,342,756.90
GUARANTY 62,190,982 N1,840,234,542.80
TRANSCORP 20,830,214 N13,026,964.94
FBNH 19,630,317 N121,627,232.50

Top Gainers on Thursday, October 15, 2020

Symbols Last Close Current Change %Change
WAPCO N17.35 N18.05 0.7 4.03%
GUINNESS N15.5 N16 0.5 3.23%
ETERNA N4.81 N5.29 0.48 9.98%
INTBREW N4.7 N4.85 0.15 3.19%
NB N49.1 N49.2 0.1 0.20%

Top Losers on Thursday, October 15, 2020

Symbols Last Close Current Change %Change
GUARANTY N30 N29.5 -0.5 -1.67%
GLAXOSMITH N5.8 N5.6 -0.2 -3.45%
AFRIPRUD N5.7 N5.54 -0.16 -2.81%
FIDSON N3.67 N3.56 -0.11 -3.00%
ACCESS N7.85 N7.75 -0.1 -1.27%

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