Equity market opens week bearish, declines 0.44%

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 begins week positively with N76bn gain

The Domestic equity market opened the week on a positive note, gaining N76 billion following gains recorded by small and medium stocks. The market capitalisation of listed equities increased by 0.21 percent to N35.555 trillion from N35.479 trillion reported on Friday. The NGX All Share Index also appreciated by 138.63 basis points to 63336.71 points from 65198.08 points traded the previous day. An analysis of the investment showed that Enamalwa led gainers table during the day, gaining 9.86 per cent to close at N19.59 per share Wema Bank followed with a gain of 9.77 per cent to close at N4.72 per share, UPL also appreciated by 9.73 per cent to close at M2.48 per unit, SUNU Assurance added 9.68 per cent to close at N1.02 per share Gkaxosmith gained 9.55 per cent to close at N9.75 per unit. On the contrary, Omatek topped losers chart during the day in percentage terms, shedding 8.82 per cent to close at N0.31 per unit, Prestige insurance trailed with a drop of 7.84 per cent to close at N0.47 per unit, Mcnichols fell by 7.35 per cent to close at N0.63 per share, Cornerstone Insurance declined by 7.22 per cent to close at N0.90 per share, Wapic Insurance dipped by 5.97 per cent to close at N0.63 per unit. Volume of trades declined during the day as investors traded 334.333 million shares valued at N3.891 billion in 6940 deals against 363.147 million shares worth N6.073 billion in 6644 deals. Transactions in the shares of Sterling Bank Plc led market activities during the day with 55.141 million shares valued at N197.266 million, FCMB group followed with account of 28.249 million shares cost N173.843 million, Fidelity Bank exchanged 18.842 million shares cost N150.847 million. Japaul Gold traded 17.355 million shares cost N17.018 million while AccessCorp exchanged 17.100 million shares cost N296.635 million.

Domestic equity market gains N542bn

Nigeria’s domestic equity market on Thursday sustained its upward trade story, growing by N542 billion. The market capitalisation of listed equities increased by 1.55 percent to N35.515 trillion from N34.973 trillion reported the previous day. The NSE All Share Index also appreciated by 995.70 basis points to 65263.06 points from 64267.36 points reported the previous day. A review of the investment showed that Nigerian Breweries, Sterling Bank, and PZ Cusson led the gainers’ table with 10 percent each to close at N41.80 per share, N3.63, and N18.15 per share respectively. Chellaram Plc added 9.96 percent to close at N3.05 per unit, Dangote Sugar added 9.95 percent to close at N35.90 per unit. On the contrary, Eterna Plc topped the losers’ chart, dropping by 9.83 percent to close at N23.40 per share, JohnHolt trailed with a drop of 9.82 percent to close at N1.47 per unit, Thomas Way fell by 9.40 percent to close at N1.06 per share, Mcnichols dipped by 9.33 percent to N0.68 per unit, Courtvellle Business Solutions down by 9.09 percent to close at N0.60 per unit. The volume of transactions increased by 114.491 million, representing 34.61 percent as investors traded 445.275 million shares worth N5.087 billion in 7095 deals, against 330.784 million shares cost N4.269 billion exchanged hands the previous day in 6251 deals. Trading in the shares of Sterling Bank led market activities with 69.452 million shares valued at N238.093 million, FCMB group followed with account 33.332 million shares cost N217.816 million, AccessCorp traded 32.985 million shares valued at N568.981 million, Japaul Gold traded 28.366 million shares cost N28.846 million, Fidelity Bank exchanged 27.351 million shares cost N219.595 million.