Nigeria’s Local Equities Gain N25bn

Trading activities on the floor of Nigerian Exchange (NGX) on Thursday appreciated by N25 billion. Market capitalisation of listed equities appreciated by 0.06 per cent to N38.910 trillion from N38.885 trillion it closed on Wednesday. The NGX All Share Index also increased by 46.18 basis points to 70819.49 points from 70773.31 points reported the previous day. An analysis of the investment showed that UPDC led gainers table in percentage terms, appreciating by 9.91 per cent to N1.22 per share, Mecure followed with a gain of 9.85 per cent to close at N3.57 per unit, SCOA Plc up by 9.73 per cent to close at N1.24 per unit. Japaul Gold gained 9.58 per cent to close at N1.83 per share while UACN went up by 8.47 per cent to close at N16.00 per unit. On the contrary, VFD group topped losers chart, dropping by 9.37 per cent to close at N2.90 per share, TIP down by 9.35 per cent to close at N0.97 per share. Regal insurance fell by 8.57 per cent to close at N0.32 per unit while Daar Communications dipped by 8.33 per cent to close at N0.22 per share. Investors traded 569.194 million shares valued at N16.790 billion in 6169 deals against 558.344 million shares worth N9.794 billion exchanged hands the previous day in 6401 deals. Transactions in the shares ofJapaul Gold led market activities with 113.964 million shares valued at N208.554 million, Stanbic IBTC followed with 96.917 million shares worth N6.777 billion, United Bank for Africa exchanged 75.218 million shares valued at N1.548 billion, FBNHoldings traded 42.644 million shares cost N849.768 million while Fidelity Bank traded 34.700 million shares cost N319.058 million.

Bulls Trend As Local Equities Rebound To Gain N187bn

Nigeria’s domestic equity market on Tuesday returned bullish, gaining N187 billion as profits recorded in the shares of Geregu Power, Flour Mills Nigeria Plc, Dangote Sugar, United Bank for Africa and others lifted market activities. Market capitalisation of listed equities increased by 0.51 per cent to N36.929 trillion from N36.742 trillion it closed the previous day. The NGX All Share Index also appreciated by 340.85 basis points to 67217.77 points from 66876.92 points traded on Monday. An analysis of the investment showed that Flour Mills Nigeria Plc led gainers table by 9.93 per cent to N31.00 per unit, UPL followed with a gain of 9.81 per cent to N2.35 per share, Chams Plc added 9.37 per cent to close at N1.75 per share, Geregu Power added 9.05 per cent to close at N343.50 per unit, Thomas Way gained 9.02 per cent to close at N4.34 per unit. Conversely, VFD group and ABC Transport recorded the highest loss at the close of transaction at the NSE, dropping 9.98 per cent each to close at N218.20 and N0.73 respectively. FTNCocoa trailed with a loss of 3.70 per cent to close at N1.56 per share,  NGX group dipped by 3.67 per cent to close at N21.00 per unit, Vitafoam Nigeria Plc down by 3.44 per cent to close at N22.45 per share. Volume of transactions increased as investors traded 319.904 million shares valued at N6.330 billion in 6272 deals against 314.619 million shares worth N4.388 million exchanged hands the previous day in 6133 deals. AccessCorp Plc-led market activities with 50.780 million shares valued at N837.972 million, GTCO Plc followed with account of 42.043 million valued at N1.496 billion, Fidelity Bank traded 32.117 million shares cost N264.006 million, United Bank for Africa traded 25.725 million shares worth N496.685 million while Sterling Bank exchanged 19.371 million shares cost N69.984 million.

Again, Local Equities Suffer Setback, Shed N126bn

Transactions on the floor of Nigerian Exchange on Tuesday sustained a declining profile, shedding N126 billion following the depreciation in the share prices of Oando Plc, Conoil Plc, Flour Mills Nigeria Plc, Zenith Bank, FTNCocoa, among others.The decline in the share price of 22 companies impacted negatively on market capitalisation of listed equities forcing it to decline by 0.34 per cent to N36.479 trillion from N36.605 trillion reported on Monday. The NGX All Share Index also depreciated by 230.47 basis points to 66652.17 points from 66882.64 points recorded the previous day. An analysis of the investment showed that Chi Plc and Cornerstone Insurance led gainers table during the day in percentage terms, 10 per cent each to close at N1.10 and N1.65 per share respectively. UPDC REIT followed with a gain of 9.86 per cent to close at N3.90 per share, Betaglass added 9.85 per cent to close at N51.30 per share while Courtvellle Business Solutions increased by 9.09 per cent to close at N0.60 per unit. On the contrary, Conoil Plc topped losers’ chart for the day shedding 9.99 per cent to close at N80.20 per unit, FTNCocoa trailed with a drop of 9.95 per cent to close at N1.72 per share, Oando Plc dipped by 9.81 per cent to close at N9.65 per unit, Berger Paint sheds 8.63 per cent to close at N11.65 Kobo, Lasaco Insurance down by 8.43 per cent to N1.85 per share. Volume of transactions declined by 44.205 million representing 0.83 per cent as investors traded 363.989 million shares worth N4.529 billion in 7018 deals against 408.194 million shares valued at N5.442 billion exchanged hands the previous day in 7707 deals. Transaction in the shares of AccessCorp led market activities with 49.712 million shares valued at N784.914 million, Transnational Corporation of Nigeria followed with account of 48.531 million shares cost N291.182 million, United Bank for Africa traded 45.716 million shares valued at N787.373 million, Zenith Bank exchanged 21.575 million shares cost N681.594 million, FTNCocoa exchanged 15.801 million shares valued at N28.120 million.

Nigeria’s local equities gain N262bn 

The local equity market on Monday opened the week on a positive note, gaining N262 billion following profits recorded by BUAFoods, Dangote Sugar, Livestock Feeds, Transnational Corporation of Nigeria among others. The market capitalisation of listed equities appreciated by 0.74 per cent to N35.684 trillion from N35.422 trillion reported the previous day. The NGX All Share Index (ASI) also appreciated by 481.32 basis points to 65202.41 points from 64721.09 points traded on Friday. An analysis of the investment showed that JohnHolt led gainers table with 9.66 per cent to close at N1.59 per unit, SCOA Plc followed with a gain of 9.40 per cent to close at N1.28 per unit BUAFoods added 9.29 per cent to close at N152.90 per share, Mansard added 6.85 per cent to close at N3.90 per unit, Livestock gained 6.82 per cent to close at N1.88 per share. On the contrary, Tantalizer recorded the highest loss in per cent age terms, shedding 10 per cent to close at N0.36 per share, Omatek trailed with a loss of 9.09 per cent to close at N0.30 per unit, Jaiz Bank fell by 7.78 per cent to close at N1.54 per unit, Chi Plc failed by 7.61 per cent to close at N0.85 per share, Cornerstone Insurance dipped by 6.15 per cent to close at N1.22 per unit. The volume of trades declined by 305.985 million, representing 56.91 per cent as investors traded 231.599 million shares valued at N3.992 billion in 5494 deals against 537.584 million shares worth N9.394 billion exchanged hands the previous day in 5893 deals. Transactions in the shares of Transnational Corporation of Nigeria (Transcorps) led market activities during the day with 36.837 million shares valued at N159.312 million, Universal insurance followed with account of 16.989 million shares cost N3.611 million, GTCO Plc traded 15.442 million shares worth N563.447 million, Jaiz Bank traded 14.464 million shares cost N22.895 million, Chi Plc exchanged 12.754 million shares valued at N10.690 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.