Equity Market Resumes Week Negatively, Sheds N57bn

The domestic equity market on Monday opened the week bearish, declining by N57 billion as the fall in the shares price of RTBriscoe, Nigeria Breweries, Stanbic IBTC, Transacorp and others impacted negatively on the market. The market capitalisation of listed equities which went down by 0.15 per cent to N39.050 trillion from N39.107 trillion it closed last week Friday. The NGX All Share Index also depreciated by 104.29  basis points to 71008.70 points from 71112.99 points traded on Friday. An analysis of the investment showed that Mecure led gainers table in percentage terms, gaining 9.95 per cent to close at N6.30 per share, Multiverse followed with a gain of 9.92 per cent to close at N3.99 per unit, ABC Transport added 9.88 per cent to close at N0.89 per unit, C& I Leasing gained 9.84 per cent to close at N5.47 per unit. Northern Nigeria Flour Mills Nigeria Plc increased by 9.83 per cent to close at N26.25 per unit. On the contrary, RTBriscoe recorded the highest loss during the day, dropping by 9.84 per cent to close at N0.55 per share, Prestige insurance trailed with a loss of 9.09 per cent to close at N0.50 per unit, Stanbic IBTC down by 7.08 per cent to close at N65.00, CWG fell by 3.04 percent to N7.70 per share, Caverton Business Solutions declined by 2.78 per cent to close at N1.40 per unit. Volume of trades also dropped by  83.134 million, representing 18.82 percent as investors traded 358.445 million shares valued at N4.357 billion in 6551 deals against 441.579 million shares worth N6.032 billion exchanged hands the previous day in 5883 deals. The result further showed that transactions in the shares of AccessCorp led market activities during with 27.583 million shares valued at N474.629 million, AIICO Insurance followed with 21.931 million shares cost N16.649 million, Japaul Gold traded 21.240 million shares cost N37.212 million, Veritas Kapital exchanged 18.995 million shares valued at N5.881 million while Transnational Corporation of Nigeria exchanged 17.073 million shares valued at N104.631 million.

Bulls Lead As Domestic Equities Gain N88bn

The Nigerian equities market on Wednesday closed on a positive note, gaining 158.71 basis points. The NGX All Share Index also appreciated by 0.22 per cent to 70773.31 points from 70613.60 points traded. Market capitalisation of listed equities also increased by N88 billion  to N38.885 trillion from N38.797 trillion reported the previous day. The trading result for the day showed that Japaul Gold led gainers table in percentage terms, gaining 9.87 per cent to close at N1.67 per share, Mecure followed with a gain of 9.80 per cent to close at N3.25 per unit, Prestige insurance added 9.76 per cent to close at N0.45 per unit, Cornerstone Insurance up by 9.72 per cent to close at N1.58 per share while Omatek increased by 9.62 per cent to close at N0.57 per share. Conversely, Caverton Business Solutions recorded the highest loss with 9.87 per cent to close at N1.37 per share, Meyer Pant trailed with a loss of 9.85 per cent to close at N2.47 per share, SCOA Plc fell by 9.60 per cent to close at N1.13 per share, Thomas Way dipped by 8.60 per cent to close at N3.72 per unit, UPDC dropped by 8.26 per cent to close at N1.11 per share. Volume of activities increased by 139.061 million, representing 30.95 per cent as investors traded 558.344 million shares valued at N9.794 billion in 6401 deals against 449.283 million shares worth N5.444 billion exchanged hands the previous day in 7100 deals. Transactions in the shares of FBNHoldings Plc led market activities with 209.898 million shares valued at N4.042 billion, United Bank for Africa followed with account of 53.724 million shares worth N1.099 billion, Universal insurance traded 43.685 million shares cost N10.194 million, Fidelity Bank exchanged 22.253 million shares worth N203.733 million, Unity Bank exchanged 18.028 million shares valued at N16.860 million.

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 Gains N156bn On First Trading Day

Domestic equity market opened transactions on the floor of Nigerian Exchange (NGX) on a positive note, gaining N156 billion. The NGX trading result showed that gain recorded in the shares of BuaCement, Oando, Seplat, Glaxosmith, Fidelity Bank and others boasted activities in the market. Market capitalisation of listed equities increased by 0.40 per cent to N38.712 trillion from N38.556 trillion reported the previous day. The NGX All Share Index also appreciated by 282.85 basis points to 70479.62 points from 70196.77 points it closed on Friday. A review of the investment showed that Thomas Way led gainers table in percentage terms, gaining 10 per cent to close at N4.07 per share, Chams Plc followed with a gain of 9.90 per cent to close at N2.22 per unit, Gloxasmith gained 9.68 per cent to close at N13.60 per share, Oando Plc up by 9.66 per cent to close at N9.65 per share, Japaul Gold gained 9.45 per cent to close at N1.39 per unit. On the contrary, ABC Transport recorded the highest loss during the day, dropping by 9.30 per cent to close at N0.78 per unit, Cornerstone Insurance trailed with a drop of 9.27 per cent to N1.37 per share. Champion Breweries gained 9.19 per cent to N3.36 per share, International Breweries down by 8.79 per cent to close at N0.21 per unit. Volume of trades declined by 19.348 million, representing 4.72 per cent as investors traded 391.013 million shares valued at N7.705 billion in 6837 deals against 410.361 million shares cost N9.163 billion exchanged hands the previous day in 6436 deals. Trading  in the shares of United Bank for Africa led market activities with 105.627 million shares valued at N2.137 billion, FBNHoldings followed with account of 33.267 million shares cost N602.498 million, Japaul Gold traded 21.348 million shares valued at N29.607 million, Fidelity Bank exchanged 20.438 million shares worth N175.964 million, AccessCorp exchanged 19.502 million shares valued at N33.657 million.

Equity Market Sustains Growth, Gains N618bn

The local equity market Tuesday crossed the N38 trillion mark, sustaining a bullish run to gain N618 billion. The trading result showed that gains recorded in the shares of Airtel Africa, Cadbury Nigeria Plc, UBA, FBNHoldings, FTNCocoa and others impacted positively on the market activities. Market capitalisation of listed equities appreciated by 1.65 per cent to N38.038 trillion from N37.420 trillion reported the previous day. The NGX All Share Index also appreciated by 1124.48 basis points to 69236.19 points from 68111.71 traded yesterday. An analysis of the investment showed that Airtel Africa led gainers table in percentage terms, increasing by 10 per cent to close at N1540.10 per unit, Cadbury Nigeria Plc followed with a gain of 9.92 per cent to close at N13.85 per share. Northern Nigeria Flour Mills also appreciated by 9.92 per cent to close at N19.95 per share, Chams Plc added 9.90 per cent to close at N2.22 per unit, ABC Transport added 9.92 per cent to close at N0.79 per share. On the contrary, Betaglass topped losers chart dropping by 9.93 per cent to close at N60.30 per share, UPL followed with a drop of 9.74 per cent to close at N2.12 per unit, EllahLakes fell by 5.56 per cent to close at N3.50 per share, Sovereign Insurance declined by 8.82 per cent to close at N0.31 per unit, Learn Africa down by 8.79 per cent to close at N3.01 per share. Volume of trades increased by 52.876 million, representing 12.29 per cent as investors traded traded 483.269 million shares valued at N6.044 billion in 8027 deals against 430.393 million shares valued at N8.257 billion exchanged hands the previous day in 7656 deals. Transactions in the shares of Japaul Gold led market activities with 155.594 million shares valued at N181.858 million, United Bank for Africa followed with account of 33.932 million shares worth N688.200 million, Zenith Bank traded 29.899 million shares cost N996.447 million, AccessCorp traded 27.435 million shares valued at N468.662 million while Chams Plc exchanged 22.516 million shares cost N4.806 million.

Nigeria’s Equity Market Rakes In N564bn

Domestic equity market on Monday opened in bullish note, gaining N564 billion as gain recorded in the shares of Dangote Cement, Nigerian Breweries, Stanbic IBTC, Geregu Power, Flour Mills Nigeria Plc, FBNHoldings impacted positively on the trading activities. Investors’ rekindled interest in stocks led to the appreciation of NGX All Share by 975.13 basis points to 68111.71 points from 67136.58 points traded the previous day. Also, Market capitalisation of listed equities increased by N564 billion or 1.52 per cent to N37.420 trillion from N36.885 trillion it closed on Friday. An analysis of the investment showed that Northern Nigeria Flour Mills led gainers table in percentage terms, gaining 10 per cent to close at N18.15 per unit, Chellaram followed with a gain of 9.77 per cent to close at N3.82 per share, UACN added 9.84 per cent to N14.35 per share, Nahco gained 9.42 per cent to N26.05 per unit, TIP increased by 9.43 per cent to close at N1.16 per unit. On the contrary, Meryer paint recorded the highest loss, declining by 9.87 per cent to close at N2.74 per unit, Abbey Building trailed with a loss of 9.71 per cent to close at N1.86 per share, Regal insurance dropped by 8.33 per cent to N0.33 per share, RTBriscoe dipped by 6.00 per cent to N0.47 per share, Jaiz Bank down by 5.95 per cent to close at N1.58 per unit. Volume of trades during the day increased by 216.247 million, representing 100.98 per cent as investors traded 430.393 million shares valued at N8.257 billion in 7656 deals against 214.146 million shares valued at N5.178 billion in 5325 deals. Transactions in the shares of Universal insurance led market activities with 94.753 million shares valued at N23.105 million, United Bank for Africa followed with account of 51.263 million shares valued at N1.002 billion, Transnational Corporation of Nigeria traded 32.476 million shares cost N200.849 million, Zenith Bank exchanged 24.421 million shares cost N818.460 million while Chams traded 19.243 million shares cost N37.506 million.

Equity Market Sheds N21bn

Nigeria’s equity market began the week on a bearish note, shedding N21 billion following profit-taking in the shares of Dangote Sugar, GTCO Plc and other stocks. The development impacted on the market forcing the NGX All Share Index to decline by 38.49 basis points to 66876.92 points from 66915.41 points reported the previous day. Market capitalisation of listed equities also declined by 0.06 per cent to N36.742 trillion from N36.763 trillion reported the previous day. An analysis of the investment showed that Thomas Way led gainers table in percentage terms, gaining 9.92 per cent to N3.99 per share, Academy Press followed with a gain of 9.71 per cent to close at N1.92 per unit, Ikeja Hotel added 9.52 per cent to close at N3.45 per unit, Chams Plc increased by 7.38 per cent to close at N1.60 per unit, Tantalizer added 6.90 per cent to close at N0.31 per share. Volume of trades increased by 135.726 million, representing 65.92 per cent as investors traded 314.619 million shares valued at N4.388 billion in 6133 deals against 205.893 million shares costing N6.380 billion in 4986 deals. On the contrary, VFD group recorded the highest loss during the day, shedding 9.99 per cent to close at N242.40 per share, Mcnichols followed with 9.69 per cent to close at N0.56 per share, UPL dipped by 9.32 per cent to close at N2.14 per unit, Chi pls declined by 5.22 per cent to close at N1.09 per unit, Omatek down by 4.44 per cent to close at N0.43 per unit. Transactions in the shares of United Bank for Africa led market activities with 47.150 million shares valued at N900.695 million, AccessCorp followed with a gain of 40.348 million shares valued at N666.866 million, FCMB group traded 29.054 million shares cost N173.552 million, GTCO Plc exchanged 27.393 million shares worth N959.246 million while Transcorps sold a total of 16.435 million shares valued at N102.039 million.

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.

Bulls Return As Equity Market Gains N63bn

The domestic equity market witnessed a positive upswing on Wednesday, resulting in a gain of N63 billion in market capitalization. This represents a 0.17% increase, with the total market capitalization rising to N36.864 trillion from N36.801 trillion recorded the previous day. The NGX All Share Index also appreciated by 115.87 basis points, closing at 67,100.49 points compared to the previous day’s 66,984.62 points. Top gainers for the day included Thomas Way, which led the gainers’ table with a 9.81% increase to N2.35 per share. Daar Communication followed with a gain of 9.52% to close at N0.23 per share. Cornerstones Insurance added 6.45% to close at N1.65 per share, Transnational Corporation of Nigeria increased by 5.41% to close at N6.43 per share, and Union Bank of Nigeria added 5.30% to close at N6.95 per share. On the flip side, Omatek was the top loser, dropping by 8.33% to close at N0.44 per unit. Oando Plc trailed with a drop of 8.08% to close at N9.10 per share. AfriPrudential fell by 7.80% to close at N6.50 per unit, Caverton Business Solutions dipped by 6.92% to close at N1.48 per share, and Chi Plc went down by 6.25% to close at N1.05 per share. Total trading volume increased as investors exchanged 410.320 million shares valued at N4.456 billion in 5637 deals, compared to the previous day’s 257.423 million shares worth N7.799 billion in 6498 deals. Neimeth International Pharmaceutical led market activities with 163.200 million shares valued at N259.494 million, followed by AccessCorp with 38.974 million shares worth N611.819 million. Zenith Bank traded 32.273 million shares valued at N101.858 million, Fidelity Bank exchanged 23.523 million shares worth N194.178 million, and United Bank for Africa traded 19.822 million shares valued at N341.185 million.

Equity market sheds N64bn

Trading activities on the floor of Nigerian Exchange (NGX) Tuesday returned to a negative trend, declining by N64 billion. Market capitalisation of listed equities declined by 0.17 per cent to N36.801 trillion from N36.865 trillion reported the previous day. The NGX All Share Index also depreciated by 116.71 basis points to 66984.62 points from 67101.33 points traded the previous day. An analysis of the investment indicated that Ncnichols led gainers table in percentage terms, gaining 10 per cent to close at N0.66 per share, Capital Hotel followed with a gain of 9.83 per cent to close N3.02 per unit, Chams Plc added 9.38 per cent to close at N1.40 per unit, ABC Transport added 8.82 per cent to close at N0.74, Oando Plc appreciated by 7.61 per cent to close at N9.90 per share. On the contrary, JohnHolt topped losers chart dropping by 10 per cent to close at N1.44 per unit, Presco Plc trailed with a loss of 9.54 per cent to close at N182.00, Daar Communication dipped by 8.70 per cent to close at N0.21 per unit, Deep Capital declined by 7.41 per cent to close at N0.25 per share, Jaiz Bank fell by 6.25 per cent to close at N1.50 per share. Volume of transactions increased by 11.24 million, representing a drop of 4.18 per cent as investors traded 257.423 million shares valued at N7.799 billion in 6498 deals against 268.663 million shares worth N3.463 billion in 6911 deals. Fidelity Bank led market activities with 53.396 million shares valued at N442.890 million, AccessCorp followed with 31.088 million shares cost N490.503 million, United Bank for Africa exchanged 26.772 million shares cost N459.677 million, Oando Plc traded 13.564 million shares worth N133.363 million while Zenith 11.266 million shares cost N358.983 million.