Equity market opens week bearish, declines 0.44%

Again, Local Equities Suffer Setback, Shed N126bn

Transactions on the floor of the Nigerian Exchange (NGX) on Monday opened in the negative territory, shedding N157 billion. The market capitalisation of listed equities declined by 0.44 per cent to N35.415 trillion from N35.572 trillion reported the previous day. The NGX All Share Index also depreciated by 289.00 basis points to 65036.37 points from 65325.37 points reported on Friday. An analysis of the Investment showed that Cornerstones Insurance led gainers table with 9.32 per cent to close at N1.29 per unit, Omatek followed with a gain of 8.82 per cent to close at N0.37 per share, TIP gained 8.51 per cent to close at N1.02, Chams Plc added 7.37 per cent to close at N1.02 per unit, RTBriscoe grew by 6.98 per cent to close at N0.46 per unit. On the contrary Eterna Plc topped losers chart, dropping 9.90 per cent to close at N17.75 per unit, SUNU Assurance trailed with a loss of 9.57 per cent to close at N1.04 per share, UPL declined 9.24 per cent to close at N2.26 per share, FTNCocoa down by 8.44 per cent to close at N2.06 per share while Okomu Oil dipped by 5.66 per cent to close at N250.00. The volume of trades declined by 230.649 million representing 47.10 per cent as investors traded 259.041 million shares valued at N4.204 billion in 5899 deals against 489.690 million shares worth N8.362 billion exchanged hands the previous day in 5804 deals. Transnational Corporation of Nigeria led market activities with 41.760 million shares valued at N167.930 million, AccessCorp followed with an account of 18.155 million shares cost N312.692 million, GTCO Plc traded 15.566 million shares cost N585.099 million, Sterling Bank exchanged 14.186 million shares cost N50.996 million and United Bank for Africa traded 13.009 million shares cost N185.375 million.

Nigeria’s equity market sheds N15bn

Nigeria’s Equity Market Sheds N464bn Amid Profit-Taking

Trading activities on the floor of Nigerian Exchange (NGX) closed Tuesday depreciating by N15 billion. arket capitalisation of listed equities declined by 0.04 per cent to 63309.65 points from 65336.71 points traded the previous day.The NGX All Share Index also depreciated by 27.06 basis points to 65309.65 points from 65336.71 points recorded the previous day.A review of the transactions during the day showed that Guinness Nigeria Plc led gainers table in percentage terms, gaining 10 per cent to close at N60.50 per share, Gkaxosmith followed with a gain of 9.74 per cent to close at N10.70 per share, Chellaram added 9.73 per cent to close N3.72 per unit, TIP grew by 9.72 per cent to close at N0.79 per share while Universal insurance gained 9.09 per cent to close at N0.24 per share.On the contrary, NSLTech topped losers chart with 10 per cent to close at N0.27 per unit, Northern Nigeria Flour Mills followed with a drop.of 9.89 per cent to close at N12.30 per share, JohnHolt dipped by 9.52 per cent to close at N1.33 per unit, Tantalizer down by 8.33 per cent to close at N0.33 per share, Mutual Benefits fell by 7.69 per cent to close at N0.48 per unit.The volume of trades went down by 16.525 million, representing 4.94 per cent as investors traded 317.808 million shares valued at N4.471 billion in 6376 deals against 334.333 million shares costing N3.891 billion in 6940 deals. Transactions in the shares of AccessCorp led market activities with 49.355 million shares valued at N86.161 million, Sterling Bank followed with account of 43.823 million shares cost N153.936 million, Universal insurance traded 28.863 million shares cost N6.896 million, FCMB group traded 18.125 million shares worth  N112.162 million while FBNHoldings exchanged 14.301 million shares cost N261.734 million.

Nigeria’s equity market sheds N391bn

Naira Devaluation: Dangote, 8 others take N113.63bn hit

The nation’s equity market on Monday opened the week on a negative note, shedding N391 billion following profit taking activities recorded by small, medium and large stocks. The market capitalisation of listed equities fell by 1.10 per cent to N35.011 trillion from N35.402 trillion reported the previous day. The NGX All Share Index also depreciated by 718.87 basis points to 64337.52 points from 65056.37 points reported the previous day. An analysis of the investment showed that Betaglass Nigeria Plc, Linkage Assurance, SUNU Assurance and Mansard insurance led gainers table, appreciating by 10 per cent each to close at N38.50 per share, N0.77, N0.66 and N3.74 per share. Berger Paint followed with a gain of 9.95 per cent to close at N11.05 per unit. On the contrary, five companies declined by 10 per cent at the close of transactions on Monday. Dangote Sugar Refinery, Sovereign Trust Insurance, Ecobank Transnational Incorporate gained 10 per cent to close at N27.00, N0.63 per share, N15.30 per share respectively. Livestock and NPF MicroFinance Bank fell by 10 per cent also to close respectively to N1.89 and N1.80 per share. Volume of trades increased 213.65 million, representing 46.47 per cent as investors traded 673.42 million shares valued at N6.47 billion in 9788 deals against 459.770 million shares worth N5.345 billion exchanged hands in 8051 deals. Trading activities in shares of Abbey Building Society led activity with 112.259 million shares valued at N112.274 billion in 94 deals, Fidelity Bank followed with 58.588 million shares cost N503.707 million in 452 deals, Union Bank of Nigeria Plc traded 51.079 million shares worth N357.551 million in 30 deals, FCMB group exchanged 49.363 million shares cost N323.678 million in 294 deals while Universal insurance traded 47.506 million share cost N11.232 million.

Nigeria’s equity market gains N94bn

Stock market swells N867.7bn, as forex gap widens across trades

Transactions on the floor of Nigerian Exchange (NGX) Thursday closed higher, gaining N94 billion following gains recorded by small, medium and large stocks. The sell-off in the shares of United Bank for Africa Plc, Sterling Bank, FBNHoldings and others also lifted activities in the market. Specifically, Market capitalisation of listed equities increased by 0.27 per cent to N34.810 trillion from N34.716 trillion reported the previous day. The NGX All Share Index also appreciated by 173.49 basis points to 63930.72 points from 63757.23 points traded the previous day. An analysis of the investment showed that UPL led gainers table during the day, gaining 10 per cent to close at N2.42 per unit, EuniSell followed with a gain of 9.97 per cent to close at N3.20 per share, Academy Press gained 9.95 per cent to close at N2.43 per share, Chellaram up by 9.91 per cent to close at N2.33 per unit while Ikeja Hotel up by 9.38 per cent to close at N2.80 per unit. On the contrary, Courtvellle Business Solutions topped losers chart in percentage terms, declining by 9.86 per cent to N0.64 per share, FTNCocoa trailed with 9.66 per cent to close at N1.87 per share, Abbey Building Society dipped by 9.49 percent to close at N1.25 per share, May and Baker dipped by 9.18 per cent to close at N1.24 per share, UPDC down by 8.55 per cent to close at N1.07 per share. Volume of trades increased 884.508 million, representing 186.81 per cent as investors traded 1.358 billion shares valued at N18.066 billion in 7179 deals against 473.492 million shares worth N10.081 billion in 7403 deals. Transaction the shared of United Bank for Africa led market activities during the day, exchanging 961.501 million share worth N13.306 billion, Sterling Bank followed with account of 43.662 million shares cost N158.992 million, FBNHoldings exchanged 40.316 million shares worth N720.053 million, Japaul Gold traded 35.954 million shares valued at N28.040 million, Universal insurance sold a total of 35.089 million shares cost N8.266 million.

Equity market continues bullish run, gains N534bn

Nigeria’s Equity Market Gains N6bn

Nigeria’s equity market on Monday appreciated by N534 billion as an investment in the shares of United Bank of Africa, FCMB, Access Bank and others lifted the market activity The market capitalization of listed equities increased by 1.60 percent to N33.731 trillion from N33.197 trillion reported the previous day. The NGX All Share Index also increased by 980.97 basis points to 61949.24 points from 60968.27 points traded on Friday. A review of the investment during the day showed that JapaulGold, UPL, and Fidelity Bank led the gainers’ table gaining 10 percent each to close at N0.77 percent, N2.75, and N7.70 percent respectively, Meyer Paint and Eterna Plc also increased by 10 percent each to close at N23.10 per share. On the contrary, Triple G topped the losers’ chart during the day, shedding 9.87 percent to close at N3.38 percent each, Cornerstone Insurance and NSL Tech trailed with a loss of 9.09 percent each to close at N1.00 and N0.30 per unit respectively. ABC Transport fell by 6.82 percent to close at N0.41 per share, Julius Berger was down by 3.23 percent to close at N30.00 per share. Volume of trades increased by 20.692 million, representing 20.73 percent as investors traded 1.205 billion shares valued at N14.039 billion in 12128 deals against 998.080 million shares valued at N15.956 billion in 10580 deals. Transactions in the shares of FCMB group was the toast of investor during the account for 173.808 million shares valued at N930.697 million, United Bank for Africa followed with an account of 160.673 million shares worth N2.119 billion, Access Corp traded132.518 million shares valued at N2.383 billion, Jaiz Bank exchanged 80.637 million shares worth N138.392 million while Transnational Corporation of Nigeria Plc sold a total of 74.963 million shares cost N285.247 million.

Bears intervene as equity market dips by N430bn

Again, Local Equities Suffer Setback, Shed N126bn

Trading activities on the floor of Nigerian Exchange on Thursday returned to negative trend, declining by N430 billion. Market capitalisation of listed equities on Thursday dropped by 1.32 per cent to N32.232 trillion from N32.662 trillion reported on Wednesday. Also, the NGX All Share Index also depreciated by 789.89 basis points to 59195.21 points from 59985.10 points traded the previous day. A review of the trading for the day showed that MRS Plc, Transco Hotel and Total Plc led gainers table during the day appreciating by 10 per cent each to close at N68.75, N13.31 and N336.70 per shares respectively. Ikeja Hotel followed with a gain of 9.97 per cent to close at N3.31 per share, ETranzact added 9.92 per cent to close at N5.32 per share. On the contrary, SUNU Assurance topped losers chart in percentage terms, declining by 10 per cent to close at N0.45 per unit, Cornerstone Insurance trailed with a loss of 9.73 per cent to close at N1.02 per share, Mcnichols fell by 9.33 per cent to close at N0.68 per share, Access Corp fell by 9.24 per cent to close at N14.25 per unit, RTBriscoe fell by 8.83 per cent to close at N0.31 per unit. Investors traded 1.170 billion shares valued at N15.359 billion in 12611 deals against 1.296 billion shares worth N21.080 billion in 11947 deals. Transactions in the shares of United Bank for Africa led activity during the day, with 192.832 million shares valued at N2.344 billion, AccessCorp followed with account of 121.537 million shares valued at N1.962 billion, Fidelity Bank traded 102.638 million shares valued at N726.740 million, GTCO Plc exchanged 99.847 million shares worth N3.325 billion while Sterling Bank traded 79.277 million shares cost N238.314 million. Bears intervene as equity market dips by N430bn Trading activities on the floor of Nigerian Exchange on Thursday returned to negative trend, declining by N430 billion. Market capitalisation of listed equities on Thursday dropped by 1.32 per cent to N32.232 trillion from N32.662 trillion reported on Wednesday. Also, the NGX All Share Index also depreciated by 789.89 basis points to 59195.21 points from 59985.10 points traded the previous day. A review of the trading for the day showed that MRS Plc, Transco Hotel and Total Plc led gainers table during the day appreciating by 10 per cent each to close at N68.75, N13.31 and N336.70 per shares respectively. Ikeja Hotel followed with a gain of 9.97 per cent to close at N3.31 per share, ETranzact added 9.92 per cent to close at N5.32 per share. On the contrary, SUNU Assurance topped losers chart in percentage terms, declining by 10 per cent to close at N0.45 per unit, Cornerstone Insurance trailed with a loss of 9.73 per cent to close at N1.02 per share, Mcnichols fell by 9.33 per cent to close at N0.68 per share, Access Corp fell by 9.24 per cent to close at N14.25 per unit, RTBriscoe fell by 8.83 per cent to close at N0.31 per unit. Investors traded 1.170 billion shares valued at N15.359 billion in 12611 deals against 1.296 billion shares worth N21.080 billion in 11947 deals. Transactions in the shares of United Bank for Africa led activity during the day, with 192.832 million shares valued at N2.344 billion, AccessCorp followed with account of 121.537 million shares valued at N1.962 billion, Fidelity Bank traded 102.638 million shares valued at N726.740 million, GTCO Plc exchanged 99.847 million shares worth N3.325 billion while Sterling Bank traded 79.277 million shares cost N238.314 million.