Nigeria’s Domestic Equity Market Gains N16bn

In the Nigerian Exchange, trading activity witnessed continued growth, resulting in a market capitalization increase of N16 billion. The total market capitalization of listed equities grew by 0.04%, reaching N37.004 trillion compared to the previous day’s N36.988 trillion. The NGX All Share Index (ASI) also showed an uptick, rising to 67353.23 points from 67326.12 points on the previous trading day. Top gainers on the equity market include Guinea Insurance, leading the gainers table with a 9.09% increase to N0.24 per share, followed by Eterna Plc with a 6.86% gain, closing at N14.80 per share. Unity Bank added 5.49%, closing at N0.96 per share, Jaiz Bank with a 5.26% increase to N1.60 per unit, and Omatek with a 4.55% gain, closing at N0.46 per share. On the flip side, CWG recorded the highest loss, dropping by 10% to close at N8.55 per share, followed by RTBriscoe with an 8.77% loss to close at N0.55 per unit. AfriPrudential fell by 7.14%, closing at N6.50 per unit, and FTNCocoa dipped by 6.29% to close at N1.64 per share. Neimeth International Pharmaceutical was down by 6.06% to N1.55 per share. The total volume of transactions increased by 19.59 basis points, representing a 5.18% rise, with investors trading 397.560 million shares valued at N4.699 billion in 6,165 deals. This is compared to 377.970 million shares worth N5.169 billion traded in 6,729 deals. Wema Bank was the most traded stock by volume, with 88.986 million shares valued at N418.147 million. AccessCorp followed with 35.606 million shares at N59.848 million, United Bank for Africa traded 35.171 million shares at N659.134 million, Fidelity Bank exchanged 33.405 million shares valued at N279.512 million, and GTCO Plc traded 23.421 million shares at N82.848 million.

Nigeria’s trade volume declines by 38.59%

The volume of transactions on the floor of Nigerian Exchange (NGX) declined by 38.59 percent at the close of trading on Wednesday. The NGX trading result showed that volume of activities went down by 335.310 million as investors traded 473.492 million shares valued at N10.081 billion in 7403 deals against 868.802 million shares worth N42.806 billion in 8970 deals. Also the market capitalisation of listed equities declined by N5 billion, representing 0.01 per cent to N34.716 trillion from N34.721 trillion reported the previous day. The NGX All Share Index also depreciated by 9.49 basis points to 63757.23 points from 63766.72 points reported the previous day. An analysis HoneyWell Flour Mills led gainers table in percentage terms, increasing by 10 per cent to close at N3.63 per share, Eterna Plc followed with a gain of 9.98 per cent to close at N28.65 per unit, Academy Press gained 9.95 per cent to close at N2.21 per share, Skyways Aviation Handling also appreciated by 9.83 per cent to close at N16.20 per unit, RTBriscoe grew by 9.80 per cent to close at N0.56 per share. On the contrary, Prestige Insurance and Geregu Power recorded the highest loss, declining by 10 per cent each to close at N0.45 and N315.00 respectively, FTNCocoa fell by 9.61 per cent to close at N2.07 per unit, Linkage insurance dipped by 9.09 per cent to close at N0.70 per unit, Jaiz Bank fell by 9.04 per cent to close at N1.71 per unit. The NGX trading result showed that transactions in the shares of Japaul Gold led market activities during the day with 77.983 million shares valued at N64.586 million, FCMB group followed with 36.622 million shares cost N221.830 million, Sterling Bank traded 31.239 million shares cost N109.046 million, Dangote Sugar sold a total of 30.704 million shares cost N845.901 million, Fidelity Bank exchanged 22.283 million shares cost N160.859 million.

Local equities continue trajectory, gain N580bn

The local equity market, on Tuesday sustained its bullish run, appreciating by N580 billion as it continued to exhibit a positive outlook towards medium and prominent stocks. The market capitalisation of listed equities appreciated by 1.65 percent to N35.757 trillion from N35.177 trillion reported the previous day. The NGX All Share Index also increased by 1065.60 basis points to 65669.29 points from 64603.69 points traded the previous day. The NGX trading result for the day showed that five listed companies recorded price appreciation of 10 percent at the close of transactions on Tuesday. FTNCocoa, Chellaram Plc, and Sovereign Trust Insurance gained 10 percent to close at N3.85 per share, N1.76, and N0.55 per unit respectively while Omatek and Transco Hotel also appreciated by 10 percent to close respectively at N0.66 and N39.50 per unit. On the contrary, Chi Plc led the losers’ chart in percentage terms dropping 10 percent to close at N1.17 per share, Champion Breweries trailed with a drop of 9.89 percent to close at N3.92 per unit, Mcnichols declined by 9.33 percent to N0.68 per share, PZ Cusson down by 9.32 percent to N19.95 per unit, UPDC REIT dipped by 9.21 percent to close at N3.45 per unit. The volume of trades increased by 994.285 million, representing 54.07 percent as investors exchanged 844.715 million shares valued at N9.412 billion in 8922 deals against 1.839 billion worth N22.033 billion in 14584 deals. Transactions in the share of Chams Plc led the market activity during the day with 91.710 million shares valued at N117.148 million, FCMB group followed with account 78.678 million shares worth N551.898 million, Universal Insurance traded 75.008 million shares worth N22.953 million, United Bank for Africa traded 55.110 million shares cost N795.321 million while Transnational Corporation of Nigeria exchanged 51.162 million shares valued at N245.139 million.