Nigeria’s Domestic Equity Market Gains N16bn

Nigeria’s Equity Market Gains N6bn

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.

Bulls return as equity market gains N60bn

Nigeria’s Equity Market Gains N6bn

The domestic equity market, on Thursday closed on a positive note, appreciating by N60 billion as Sterling Bank, Transcorps, Fidelity Bank, Dangote Sugar, among others lifted market activit The market capitalisation of listed equities increased by 0.17 per cent to N36.422 trillion from N36.362 trillion reported the previous day. The NGX All Share Index also appreciated by 109.46 basis points to 66548.99 points from 66439.53 points reported on Wednesday. A review of the investment showed that NGX group led gainers table during the day with 10 per cent to close at N26.40 per unit, Seplat Energy followed with a gain of 9.95 per cent to close at N1837.00 per share, Trans Express gained 9.38 per cent to N1.05 per unit, UPL added 9.32 per cent to close at N2.58 per share while ABC Transport increased by 8.64 per cent to close at N0.88 per share. Conversely, Multiverse recorded the highest loss, declining by 10 per cent to close at N2.70 per share, Nascon trailed with a drop of 9.81 per cent to close at N50.55 per unit, Honey Well Flour down by 8.11 per cent to close at N3.40 per share, May & Baker dipped by 7.27 per cent to close at N5.10 per shares while Jaiz Bank sheds 6.83 per cent to close at N1.50 per share. Volume of trades declined as investors traded 620.982 million shares worth N7.180 billion in 7972 deals against 637.193 million shares valued at N7.790 billion exchanged hands the previous day in 10033 deals. Sterling Bank Plc led market activities with 160.995 million shares valued at N531.392 million, Transnational Corporation of Nigeria followed with 135.695 million shares valued at N847.536 million, Fidelity Bank traded 57.622 million shares worth N403.333 million, FTNCocoa sold a total of 47.177 million shares cost N97.395 million while Dangote Sugar exchanged 28.858 million shares cost N1.600 billion.

Investors trade N7.432bn worth of shares

Investors trade N7.432bn worth of shares

The volume of transactions on the floor of Nigerian Exchange (NGX) on Wednesday increased as investors traded 291.714 million shares valued at N7.432 billion in 6213 deals. This is against 280.468 million shares worth N4.645 billion in 6296 deals on Tuesday. The market capitalisation of listed equities at the close of trading appreciated   by N13 billion or 0.04 per cent to N35.369 trillion from N35.356 trillion reported the previous day. But the NGX All Share Index depreciated by 303.70 basis points to 64625.28 points from 64928.98 points traded on Tuesday. An analysis of the investment for the day showed that  Eterna Plc led gainers table, increasing by 10 per cent to close at N17.60 per share, CWG followed with a gain of 8.61 per cent to close at N3.28 per unit, FTNCocoa gained 6.97 per cent to close at N2.15 per share, Livestock added 5.56 per cent to close at N1.90 while Vitafoam Nigeria Plc grew by 4.78 per cent to close at N21.90 per unit. On the contrary, NEM Insurance topped losers chart, dropping 10 per cent to close at N5.40 per share, SUNU Assurance trailed with a loss 8.51 per cent to close at N0.86 per share, Guinness Nigeria Plc down by 7.89 per cent to close at N0.35 per unit, Cornerstone Insurance 7.09 per cent to close at N1.31 per share, Omatek fell by 5.88 per cent to close at N0.32 per share. The result further showed that transactions in the shares of  GTCO Plc led activities with 41.746 million shares valued at N1.552 billion, Universal insurance followed with account of 22.841 million worth N5.169 million, United Bank for Africa exchanged 22.553 million shares cost N315.379 million, Sterling Bank traded 21.642 million shares worth N76.981 million Transcorp traded 15.703 million shares valued at N62.652 million.

Equity market continues negative trend, sheds N59bn

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

Domestic equity market on Tuesday sustained its negative trend, shedding N59 billion following declines in share price of Unilever Nigeria Plc, Eterna Plc, UACN, Dangote Sugar among othe Market capitalisation of listed declined by 0.17 per cent to N35.356 trillion from N35.415 trillion reported the previous day. The NGX All Share Index also depreciated by 107.37 basis points to 64928.98 points from 65036.37 points traded on Monday. A review of the transactions during the day showed that Tantalizer led gainers table, gaining 10 per cent to close at N0.44 per share, Ikeja Hotel followed with a gain of 9.82 per cent to close at N3.13 per unit, Cornerstone Insurance added 9.30 per cent to close at N1.41 per share, TIP gained 8.82 per cent to close at N1.11 per unit, Linkage Assurance grew by 8.33 per cent to close at N0.91 per unit. On the contrary, Eterna Plc recorded the highest loss with a drop of 9.86 per cent to close at N16.00, SUNU Assurance trailed with a loss of 9.62 per cent to close at N0.94 per share, Omatek down by 8.11 per cent to close at N0.34 per share, Unilever fell by 7.05 per cent to close at N14.50 per share while AIICO Insurance dipped by 5.63 per cent to close at N0.67 per unit. Investors traded 280.468 million shares valued at N4.645 billion in 6296 deals against 259.041 million shares worth N4.204 billion exchanged hands the previous day in 5899 deals. Trading in the shares of Transnational Corporation of Nigeria led market activities with 36.469 million shares valued at N147.502 million in 244 deals , United Bank for Africa followed with account of 23.242 million shares cost N475.416 million in 367 deals, AccessCorp traded 17.667 million shares worth N299.366 million in 375 deals, Sterling Bank exchanged 15.973 million shares cost N57.498 million in 190 deals while Japaul Gold traded 11.398 million shares valued at N11.015 million in 93 deals.

Naira appreciates 4.31% at investors, exporters window

Naira records 0.22% appreciation at Investors, Exporters Window

On Friday, the Naira displayed a remarkable appreciation of 4.31% against the dollar at the Investors and Exporters window, reaching an exchange rate of N743.07. This significant gain was in contrast to the previous day’s rate of N776.50. The open indicative rate also closed favorably at N782.28 to the dollar on the same day. During the day’s trading, the spot exchange rate peaked at N799 to the dollar before ultimately settling at N743.07. Interestingly, the Naira was observed to have been sold as low as N475 to the dollar within the same trading session, indicating some fluctuations in the market. The Investors and Exporters window witnessed substantial activity, with a total of $121.08 million being traded on Friday. This volume of transactions reflects the ongoing dynamics in the foreign exchange market and the interests of investors and exporters in Nigeria’s currency market. The Naira’s gain at the Investors and Exporters window indicates some positive sentiment and demand for the local currency in recent trading activities. However, it is essential to keep an eye on market conditions and various economic factors that could influence future fluctuations in the exchange rate. As with any currency, the Naira’s value can be influenced by factors such as the country’s trade balance, foreign direct investments, foreign reserves, and government monetary policies. A stable and competitive exchange rate is crucial for the Nigerian economy to attract foreign investments, ensure price stability, and enhance international trade. Overall, market participants, investors, and policymakers will continue to closely monitor the Naira’s performance in the coming days to gauge the currency’s strength and stability in the face of economic challenges and global market trends.

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.