Nigeria’s Equity Sustains Bullish Run, Gains N85bn

The Nigerian equity market closed positively on Tuesday, gaining 133.98 basis points as the market remained favourable. The NGX All Share Index advanced by133.98 basis points or 0.20 per cent closing at N70613.60 points compared to previous day gain of 0.40 per cent which closed at 70479.62 points. Market capitalisation of listed equities also appreciated by N85 billion to N38.787 trillion from N38.712 trillion reported the previous day. The NGX trading result showed that market activities lifted as result of increase in the share price of FBNHoldings, PZ, FCMB, Fidelity Bank Glaxosmith among others. An analysis of the investment showed that PZ Cusson led gainers table in percentage terms, increasing by 10 per cent to close at N22.00, Glaxosmith followed with a gain of 9.93 per cent to N14.95 per unit, Daar Communications added 9.52 per cent to N0.23 per unit, Japaul Gold up by 9.35 per cent to close at N1.52 per share, International Breweries gained 8.43 per cent to close at N4.50 per share. On the contrary, Northern Nigeria Flour Mills topped losers chart, dropping by 10 per cent to N18.00 per share, TIP followed with 9.65 per cent to close at N1.03 per share, Royal Express down by 9.26 per cent to close N0.49 per unit, Omatek fell by 8.77 per cent to close at N0.52 per share while Eterna Plc fell by 8.62 per cent to close at N13.25 per share. Volume of activities during the day rose by 58.27 million, representing 14.90 per cent as investors traded 449.283 million shares valued at N5.444 billion in 7100 deals against 391.013 million shares worth N7.705 billion exchanged hands the previous day in 6837 deals. Transactions in the shares of FBNHoldings led market activities during the day with 52.023 million shares valued at N1.026 billion, Chi Plc followed with account of 49.525 million shares cost N49.462 million, Fidelity Bank traded 42.020 million shares valued at N381.493 million, United Bank for Africa exchanged 41.466 million shares cost N847.006 million while Japaul Gold traded 37.079 million shares cost N55.154 million.

Equity Market Rebounds, Gains N140bn

Nigeria’s equity market on Thursday rebounded and gained N140 billion following gains recorded by small and medium stocks in the market. Market capitalisation of listed equities increased by 0.38 per cent to N36.526 trillion from N36.386 trillion reported the previous day. The NGX All Share Index also appreciated by 87.91 basis points to 66570.19 points from 66482.28 points traded on Wednesday. A review of the trading activities showed that Wema Bank led the gainers table in percentage terms, gaining 9.93 per cent to N4.65 per share, Thomas Way followed with a gain of 9.74 per cent to close at N2.14 per share, Regal insurance added 8.82 per cent to close at N0.37 per unit, Daar Communications and Royal Express increased by 8.70 per cent to close respectively to N0.25 per share and N0.50 Kobo per unit. On the contrary, Champion Breweries topped losers’ chart, shedding 9.87 per cent to close at N3.38 per share, Chellaram trailed with a loss of 9.84 per cent to close at N3.48 per unit, ABC Transport fell by 9.72 per cent to close at N0.65 per unit, APDC dropped by 8.57 per cent to close at N1.28 per share, MCNICHOLS dipped by 7.69 per cent to close at N0.60 per unit. Volume of trades increased by 356.485 million, representing a growth 54.22 percent as investors exchanged 1.014 billion shares valued at N4.733 billion in 6959 deals against 657.515 million shares worth N4.597 billion made in 6647 deals the previous day. Transactions in the shares of Neimeth international Pharmaceutical led market activities with 657.094 million shares valued at N985.649 million, Oando Plc followed with account of 75.146 million shares cost N771.243 million, Fidelity Bank traded 35.143 million shares cost N288.091 million, Sterling Bank exchanged 24.430 million shares worth N87.369 million while Ellah Lakes traded 19.018 million shares valued at N76.074 million.