Nigeria’s Equity Market Gains N355bn

Transactions on the floor of Nigerian Exchange on Monday opened the week in positive note, gaining N355 billion following gains recorded by BuaCement, Nigerian Breweries, NGX group among others. Market capitalisation of listed equities increased higher by 0.97 per cent to N36.865 trillion from N36.510 trillion reported the previous day. The NGX All Share Index also appreciated by 646.76 basis points to 67101.33 points from 66454.57 points reported on Friday. A review of the trading activities showed that BuaCement led gainers table in percentage terms, gaining 10 per cent to close at N103.40 per unit, Chi Plc followed with a gain of 9.80 per cent to close at N1.12 per unit, Nigerian Breweries added 9.09 per cent to close at N42.00, John Holt increased by 8.11 per cent to close at N1.60 per unit, SUNU Assurance added 7.22 per cent to close at N1.04 per share. On the contrary, Prestige insurance topped losers chart, dropping by 10 per cent to close at N0.45 per unit, FTNCocoa trailed with a loss of 8.33 per cent to close at N1.65 per unit, Neimeth international Pharmaceutical down by 7.74 per cent to close at N1.55 per unit, Sovereign Trust Insurance fell by 5.0 per cent to close at N0.38 per unit, ETranzact down by 4.26 per cent to close at N9.00. Volume of transactions declined by 105.43 million, representing 28.18 per cent as investors traded 268.663 million shares valued at N3.463 billion in 6911 deals against 374.093 million shares costing N8.933 billion in 6882 deals. The result further showed that ABC Transport was the toast of investors due Ng the day accounting for 29.269 million shares valued at N19.908 million, AccessCorp followed with account of 29.171 million shares valued at N465.977 million, Oando Plc traded 27.090 million shares valued at N252.976 million, United Bank for Africa exchanged 23.751 million shares cost N407.671 million, TransCorp traded 23.735 million shares valued at N149.510 million.

Again, Nigeria’s Equity Market Dips N293bn

Trading activities on the floor of Nigerian Exchange Tuesday sustained a downward trend, shedding N293 billion. Market capitalisation of listed equities declined by 0.79 per cent to N36.538 trillion from N36.831 trillion reported the previous day. The NGX All Share Index also depreciated by 535.98 basis points to 66760.20 points from 67296.18 points it opened on Monday. An analysis of the investment showed that Chellaram Plc and CWG led gainers table, gaining 10 per cent each to close at N3.19 and N6.93 per share respectively. Vitafoam Nigeria Plc followed with a gain of 9.78 per cent to close at N24.70 per unit, Oando Plc added 9.47 per cent to close at N9.25 per unit while Wema Bank added 8.94 per cent to close at N5.12 per share. On the contrary, Tranzact and Ragal Insurance topped losers chart, dropping by 10 per cent each to close at N8.10 and N0.36 per share respectively. Nascon and Dangote Sugar Refinery trailed with a loss of 9.96 per cent each to close at N47.00 and N52.00 respectively while Unity Bank fell by 9.92 per cent to close at N1.09 per share. Volume of trades increased by 125.407 million, representing 24.11 per cent as investors traded 645.540 million shares valued at N11.014 billion in 10.554 deals against 520.133 million shares valued at N8.334 billion in 9914 deals. Transactions on the shares of Transnational Corporation of Nigeria led  market activities with 87.823 million shares valued at N491.690 million, United Bank for Africa followed with account of 75.849 million shares valued at N1.035 billion, AccessCorp traded 69.448 million shares worth N1.052 billion, Fidelity Bank exchanged 48.322 million shares worth N387.343 million, GTCO Plc traded 39.708 million shares cost N1.326 billion .

Nigeria’s equity market sheds N27bn

The local equity market on Wednesday returned to negative trend shedding N27 billion or 0.07 per cent to N37.373 trillion from N37.400 trillion reported the previous day. The NGX All Share Index also depreciated by 48.40 basis points to 68286.28 points from 68334.68 points reported the previous day. Volume of shares traded during the day declined by 179.198 million, representing 47.32 per cent as investors traded 378.654 million shares valued at N5.482 billion in 7671 deals against 557.852 million shares worth N10.210 billion exchanged hands the previous day in 9818 deals. Meanwhile, the domestic equity continued in positive trajectory for the fourth straight month to August with 3.44 per cent growth  month on month gains to close at 66,548.99 points, beating a 15-year high since March 2008. The bullish performance was spurred by strong investor sentiments in the consumer goods and Insurance sectors. Capital market operators also said that the positive interim dividend payments by corporates and strong search for gains by investors drove the rally which gave equity investors a total of N1.4 trillion in the month while the market capitalization of listed equities closed at N36.42 trillion and then the year to date return printed at 29.8 per cent. However, an analysis of the investment showed that Guinea Insurance led gainers table with 10 per cent to N0.23 per unit, Betaglass followed with a gain of 9.91 per cent to close at N47.15 per per share, Caverton gained 9.84 per cent to close at N1.34 per unit, Oando Plc added 9.70 per cent to close at N7.35 per unit, CWG added 9.11 per cent to close at N4.79 per unit. On the contrary, Vitafoam Nigeria Plc topped losers chart, declining by 10 per cent to close at N22.50 per share, Veritas Kapital trailed with a loss of 7.69 per cent to N0.24 per share, Linkage Assurance fell by 5.56 per cent to close at N0.85 per unit, Dangote Sugar Refinery dipped by 4.76 per cent to close at N66.65 per unit while International Breweries down by 4.35 per cent to N4.40 per unit. Transactions in the shares of Oando Plc led market activities with 83.526 million shares valued at N609.377 million, United Bank for Africa followed with account 35.627 million shares cost N533.748 million, Transnational Corporation of Nigeria exchanged 26.657 million shares cost N177.694 million, AccessCorp traded 18.534 million shares cost N321.080 million while Omatek exchanged 15.729 million shares cost N9.437 million.

Nigeria’s equity market dips by N28bn

Transactions on the floor of the Nigerian Exchange took a negative trend on Wednesday, shedding N28 billion due to a decline in the share price of Transnational Corporation of Nigeria (Transcorps), Zenith Bank and FTNCocoa. The market capitalisation of listed equities went down by 0.08 per cent to N36.362 trillion from N36.390 trillion reported the previous day. The NGX All Share Index also depreciated by 50.81 basis points to 66439.53 points from 66490.34 points reported the previous day. An analysis of the investment showed that Chi Plc and Cap Hotel led gainers table in percentage terms, gaining 10 per cent each to close at N1.10 and N2.75 per share respectively. UPL followed with a gain of 9.77 per cent to N2.36 per unit, Champion Breweries gained 9.72 per cent to close at N3.50 per share, Thomas Way added 9.60 per cent to close at N2.17 per share. On the contrary, Transnational Corporation of Nigeria recorded the highest loss with 9.99 per cent to close at N6.31 per unit, Ikeja Hotel trailed with a drop of 9.88 per cent to close at N3.65 per unit, FTNCocoa fell by 8.11 per cent to close at N2.04 per unit, RTBriscoe down by 6.67 per cent to close at N0.42 per share. Volume of trades during the day decreased by 200.237 million, representing 45.82 per cent as investors traded 637.193 million shares valued at N7.790 billion in 10033 deals against 436.956 million shares worth N7.013 billion exchanged hands the previous day in 7932 deals. Transnational Corporation of Nigeria led market activities with 292.409 million shares worth N2.146 billion, AccessCorp followed with account of 26.652 million shares worth N435.491 million, Dangote Sugar Refinery exchanged 24.452 million shares worth N1.454 billion, Jaiz Bank traded 18.662 million shares cost N27.723 million while Fidelity Bank exchanged 17.386 million shares worth N122.281 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.