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.

Equity Market Rebounds, Gains N140bn

Nigeria’s equity market on Thursday rebounded and gained N140 billion following gains recorded by small and medium stocks in the market. Market capitalisation of listed equities increased by 0.38 per cent to N36.526 trillion from N36.386 trillion reported the previous day. The NGX All Share Index also appreciated by 87.91 basis points to 66570.19 points from 66482.28 points traded on Wednesday. A review of the trading activities showed that Wema Bank led the gainers table in percentage terms, gaining 9.93 per cent to N4.65 per share, Thomas Way followed with a gain of 9.74 per cent to close at N2.14 per share, Regal insurance added 8.82 per cent to close at N0.37 per unit, Daar Communications and Royal Express increased by 8.70 per cent to close respectively to N0.25 per share and N0.50 Kobo per unit. On the contrary, Champion Breweries topped losers’ chart, shedding 9.87 per cent to close at N3.38 per share, Chellaram trailed with a loss of 9.84 per cent to close at N3.48 per unit, ABC Transport fell by 9.72 per cent to close at N0.65 per unit, APDC dropped by 8.57 per cent to close at N1.28 per share, MCNICHOLS dipped by 7.69 per cent to close at N0.60 per unit. Volume of trades increased by 356.485 million, representing a growth 54.22 percent as investors exchanged 1.014 billion shares valued at N4.733 billion in 6959 deals against 657.515 million shares worth N4.597 billion made in 6647 deals the previous day. Transactions in the shares of Neimeth international Pharmaceutical led market activities with 657.094 million shares valued at N985.649 million, Oando Plc followed with account of 75.146 million shares cost N771.243 million, Fidelity Bank traded 35.143 million shares cost N288.091 million, Sterling Bank exchanged 24.430 million shares worth N87.369 million while Ellah Lakes traded 19.018 million shares valued at N76.074 million.

Nigeria’s equities bounces back, gains N41bn

Transactions on the floor of the Nigerian Exchange (NGX) on Wednesday closed on a positive note, appreciating by N41 billion.  The market capitalisation of listed equity appreciated by 0.12 percent to N34.973 trillion from N34.932 trillion reported the previous day. The NGX All Share Index also increased 75.16 basis points to 64267.36 points from 64192.20 points traded the previous day. A review of the investment showed that Nascon, Chams Plc, and Abbey Building Society led the gainers’ table in percentage terms, gaining 10 percent to close at N35.75 per share, N0.99 and N1.21 per share respectively. Skyways Aviation Handling followed with a gain of 9.96 percent to close at N28.15 per share, and Dangote Sugar Refinery added 9.93 percent to close at N32.65 per unit. On the other hand, Thomas Way and TIP topped the losers’ chart with a drop of 10 percent each to close at N1.17 and N0.72 per share respectively. UPL trailed with a loss of 9.78 percent to close at N2.49 per unit, Omatek fell by 9.76 percent to close at N0.37 per share, JohnHolt was down by 9.44 percent to close at N1.63 per share. Volume of trades declined by 431.313 million, representing 56.60 percent as investors traded 330.784 million shares valued at N4.269 billion in 6251 deals against 762.097 million shares worth N7.710 billion in 7935 deals. Trading activities on the shares of Transnational Corporation of Nigeria (Transcorp) led market activities with 58.829 million shares worth N209.186 million, FBNHoldings followed with an account of 27.951 million shares cost N502.759 million, Ecobank Transnational Incorporate traded 21.303 million shares cost N330.246 million, AccessCorp exchanged 20.697 million shares cost N34.178 million while Chams Plc traded 16.964 million shares valued at N16.135 million.