Investors gain N308bn as equities market sustains rally

The Nigerian equities market on Thursday sustained its upward trend as investors recorded a gain of N308 billion. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation, which opened at N92.490 trillion, appreciated by N308 billion or 0.33 per cent to close at N92.798 trillion. Similarly, the All-Share Index added 0.33 per cent or 485.25 points to close at 146,204.34, compared with 145,719.09 recorded on Wednesday. Sustained interest in Eunisell Interlinked, Caverton Offshore Support Group, Sunu Assurances, Industrial and Medical Gases, Mecure, and 27 other advancing stocks boosted market performance. The market breadth also closed positive with 32 gainers and 21 losers. Eunisell Interlinked and Caverton Offshore Support Group led the gainers’ chart by 10 per cent each, closing at N44 and N6.93 per share respectively. Sunu Assurances appreciated by 9.90 per cent to close at N5.77, while Industrial and Medical Gases rose by 9.10 per cent to finish at N35.95 per share. Mecure also gained 8.81 per cent, ending the session at N28.40 per share. READ ALSO: Council of State approves Prof Joash Amupitan as new INEC Chairman Conversely, FTN Cocoa Processors led the losers’ table by 6.67 per cent, closing at N5.60 per share. Tantalizer followed with a 3.35 per cent decline to close at N2.31, while Fidelity Bank shed 2.38 per cent to finish at N20.50 per share. PZ Cussons also dipped by 2.18 per cent to close at N38.15, while Veritas Kapital Assurance fell by 1.90 per cent to end at N2.06 per share. Market activity showed a decline in the number of deals and volume traded but an improvement in trade value. A total of 346.99 million shares worth N27.43 billion were traded in 24,691 deals, compared with 525.72 million shares worth N13.61 billion exchanged in 25,597 deals on Wednesday. Fidelity Bank topped the activity chart with 42.01 million shares valued at N861.54 million. Please Read: Stock Market Appreciates by N1.36Trillion in Three Days Dangote Cement followed with 20.9 million shares worth N11 billion, while Sterling Nigeria traded 19.8 million shares valued at N162.9 million. Jaiz Bank transacted 19.5 million shares worth N85.27 million, and CHAMS traded 17.69 million shares valued at N76.9 million. 

Stock market records N618bn gain

The stock market closed the week with a gain of N618 billion on Friday, following sustained interest in medium and large capitalised stocks. Specifically, market capitalisation grew by N618 billion or 0.7 per cent, closing at N89.960 trillion from N89.342 trillion on Thursday. Similarly, the All-Share Index increased by 983.99 points or 0.7 per cent to close at 142,133.03 from 141,149.04 recorded previously. Also, the market breadth closed positive with 36 gainers and 23 losers. Thomas Wyatt Nigeria led the gainers’ table by 10 per cent, closing at N3.30 while The Initiates and Eunisell Interlinked grew by 9.98 per cent each, ending the session at N13.22 and N33.60 per share respectively. FTN Cocoa Processors rose by 9.96 per cent, finishing at N5.96 and Omatek Ventures soared by 8.57 per cent, settling at N1.14 per share. Conversely, Fidelity Bank led the losers’ table, dropping by 10 per cent, closing at N18.45, Custodian Investment trailed by 8.90 per cent, settling at N44 while Cutix fell by 8.31 per cent, finishing at N3.20 per share. Daar Communications dipped by 7.02 per cent, ending the session at N1.06 and Union Dicon Salt declined by 5.26 per cent, closing at N9 per share. Analysis of the market activity revealed decline in the market value and volume with an improvement in the deals. A total of 518.7 million shares valued at N18.05 billion were traded across 22,350 deals, compared to the previous day’s 5.5 billion shares worth N419.7 billion exchanged in 20,399 transactions. Abbey Mortgage Bank topped the activity chart in volume with 50.03 million shares valued at N340.2 million. Zenith Bank followed with 38.97 million shares worth N2.7 billion while Stanbic IBTC sold 38.95 million shares valued at N4.2 billion. FCMB traded 32.3 million shares worth N347.8 million and Sovereign Trust Insurance transacted 27.3 million shares valued at N84.1 million. 

Nigerian stock market opens bullish with N193bn gain

The Nigerian stock market opened the week on a  bullish note on Monday, gaining N193 billion thereby sustaining the previous week’s gain. Specifically, the market capitalisation, which opened at N76,339 trillion, added 193 billion or 0.25 per cent to close at N76.532 trillion. The positive performance was driven by increased investors interest in large capitalised stocks like Cadbury, Ellah Lakes, Tripple Gee, UPDCreit, Red Star Express and 50 others. The All-Share Index also gained 0.25 per cent or 305.67 points, to settle at 121,295.33 against 120,989.66 recorded on Friday. Also, the market breadth closed positive with 55 gainers and 23 losers. Top gainers Cadbury Nigeria led the advancers chart, increasing by 10 per cent, closing at N53.35 and Ellah Lakes also soared by 10 per cent, settling at N8.91 per share. Tripple Gee rose by 10 per cent, ending the session at N2.97 while UPDCREIT also climbed by 10 per cent, finishing at N7.15 per share. Also, Red Star Express grew by 9.92 per cent, closing at N9.20 per share. Losers On the flip side, Sunu Assurances shed 10 per cent, settling at N4.50 while RT Briscoe declined by 9.59 per cent, finishing at N3.30 per share. Prestige dropped by 9.09 per cent, closing at N1.20 and UPDC fell by 8.23 per cent, ending the session at N4.35 per share. Berger Paints lost 7.58 per cent, closing at N30.50 per share. Cumulate performance Altogether, 824.10 million shares worth N14.44 billion were traded across 24,042 transactions, compared to Transactions in the shares of Universal Insurance topped the activity chart with 71.92 million shares worth N48.94 million. First City Monument Bank followed with 61.4 million shares valued at N564.78 million while Ja Paul Gold transacted 53.34 million shares worth N136.1 million. Access Corporation sold 42.02 million shares valued at N942.81 million and AIICO Insurance traded 40.10 million shares worth N64.84 million. 

NGX: Investors trade ₦63.79bn in weekly deals

The bears held sway at the Nigerian Stock market in the past week, as the total value of transactions fell by 20.7 per cent, week-on-week. On the aggregate, investors traded 2.606 billion shares worth ₦63.785 billion in 77,593 transactions this week on the floor of the Nigerian Exchange Ltd. (NGX). This compares to 2.645 billion shares valued at ₦77.005 billion exchanged in 86,110 deals during the previous week. The Financial Services industry topped the activity chart with 1.540 billion shares worth ₦28.963 billion in 32,805 transactions. This accounted for 59.08 per cent of turnover volume and 45.41 per cent of total value traded on the Exchange. The Services industry followed with 286.833 million shares valued at ₦1.711 billion in 6,280 deals. The Consumer Goods industry placed third with 202.565 million shares worth ₦7.439 billion in 9,708 transactions. FCMB Group Plc, Access Holdings Plc and Tantalizer Plc led trading with 600.684 million shares worth ₦6.570 billion in 7,201 deals. These three equities represented 23.05 per cent of turnover volume and 10.30 per cent of the value. The NGX All-Share Index rose by 0.90 per cent to close at 109,710.37 points. Market capitalisation also appreciated, ending the week at ₦68.953 trillion. All sectoral indices closed higher, except NGX Premium and NGX Lotus II which fell by 0.05 and 0.92 per cent, respectively. Sixty-one equities gained during the week, down from 68 in the previous week. Thirty-one equities recorded losses, up from 28 recorded in the prior week. Fifty-six equities remained unchanged, compared to 52 in the preceding week. Top decliners included Multiverse Mining, Union Dicon Salt, NAHCO, University Press, and Legend Internet at ₦1.95, ₦1.00, ₦8.00, 44k and 60k, respectively. Top gainers were Beta Glass, Champion Breweries, Caverton Offshore, FTN Cocoa and Northern Nigeria Flour Mills. They appreciated by 46.31, 42.08, 37.70, 36.32 and 32.49 per cent, respectively. Their respective gains stood at ₦72.40, ₦2.02, ₦1.15, 69k and ₦29.40 for the week.

Stock market gains N91bn

The Nigerian stock market closed the week on a positive note on Friday, with market value growing by N91 billion. Specifically, market capitalisation which opened at N67,102 trillion, closed at N67,193 trillion, gaining N91 billion or 0.14 per cent. Similarly, All-Share Index improved by 146 points or 0.14 per cent to close at 107,821.39, compared to 107,675.46 posted on Thursday. On the price movement chart, 34 stocks recorded price depreciation against 26 gainers. READ ALSO: Do not lie against me, embattled producer tell singer, Mercy Chinwo Red Star Express led the losers’ chart, dropping by 9.96 per to close at N6.60 per share. Also, Learn Africa fell by 9.84 per cent to close at N3.30 per share, Multiverse Mining and Exploration dropped by 9.72 per cent to close at N9.75 per share. Also, Cadbury Nigeria inched down by 9.62 per cent to close at N26.30 per share. Linkage Assurance Plc lost by 5.80 per cent to close at N1.30 per share. Austin Laz and Company led the gainers’ chart with a 10 per cent gain to close at N2.09 per share. This is followed by Oando with a gain of 9.94 per cent to close at N58.05 per share while Caverton increased by 9.67 per cent to close at N2.95 per share. READ ALSO: President Tinubu mourns soldiers killed in Borno Also, John Holt rose by 9.62 per cent to close at N7.98 and PZ gained 9.09 per cent to close at N35.40 per share. A total of 458.26 million shares worth N14.078 billion were exchanged in 12,213 transactions, compared with 423.42 million shares worth N9.57 billion exchanged in 11,112 transactions on Thursday. On the activity table, Zenith Bank maintained the lead in volume and value of deals, exchanging 122 million shares worth N5.9 billion.

NGX moves northward, gains N565bn

Trading activities on the floor of the Nigerian Exchange on Thursday closed northward, gaining N565 billion following gains recorded by Dangote Cement, Unilever, Cadbury Nigeria Plc, FBNHoldings among others. The market capitalisation of equities on Thursday appreciated by 1.62 per cent to close at N35.483 trillion from N34.918 trillion reported the previous day. The NGX All Share Index also appreciated by 1037.43 basis points to 65204.82 points from 64167.39 points traded on Wednesday. A reviews of the investment during the day showed that Chellaram Plc led gainers table in percentage terms, gaining 10 per cent to close at N4.40 per share, SCOA Plc followed with a gain of 9.35 per cent to close at N1.17 per share, Dangote Cement gained 9.34 per cent to close at N349.90 per share, Thomas Way added 9.32 per cent to close at N1.29 per unit, Cornerstone Insurance increased by 9.09 per cent to close at N1.08 per share. On the contrary, Cap Plc topped losers chart, shedding 10 per cent to close at N19.80 per share, Academy Press trailed with a loss of 9.36 per cent to close at N2.13 per unit, Dangote Sugar Refinery dipped by 6.63 per cent to close at N32.40 per unit, Glaxo Smithkline fell by 6.60 per cent to close at N9.20 per share, Chams Plc down by 5.05 per cent to close at N0.94 per share. Volume of trades increased by 123.16 million, representing 51.73 per cent as investors traded 361.197 million shares valued at N5.743 billion in 5531 deals against 238.039 million shares worth N2.616 billion in 6001 deals. Transactions in the shares of FBNHoldings Ltd market activities with 140.179 million shares valued at N2.608 billion in 280 deals, Fidelity Bank followed with account of 21.559 million shares worth N165.186 million in 170 deals, Universal insurance traded 18.706 million shares valued at N4.211 million in 62 deals. Transnational Corporation of Nigeria exchanged 17.307 million shares valued at N62.606 million in 176 deals while United Bank for Africa exchanged 13.081 million shares costing N188.990 million in 249 deals.

Nigeria’s trade volume declines by 38.59%

The volume of transactions on the floor of Nigerian Exchange (NGX) declined by 38.59 percent at the close of trading on Wednesday. The NGX trading result showed that volume of activities went down by 335.310 million as investors traded 473.492 million shares valued at N10.081 billion in 7403 deals against 868.802 million shares worth N42.806 billion in 8970 deals. Also the market capitalisation of listed equities declined by N5 billion, representing 0.01 per cent to N34.716 trillion from N34.721 trillion reported the previous day. The NGX All Share Index also depreciated by 9.49 basis points to 63757.23 points from 63766.72 points reported the previous day. An analysis HoneyWell Flour Mills led gainers table in percentage terms, increasing by 10 per cent to close at N3.63 per share, Eterna Plc followed with a gain of 9.98 per cent to close at N28.65 per unit, Academy Press gained 9.95 per cent to close at N2.21 per share, Skyways Aviation Handling also appreciated by 9.83 per cent to close at N16.20 per unit, RTBriscoe grew by 9.80 per cent to close at N0.56 per share. On the contrary, Prestige Insurance and Geregu Power recorded the highest loss, declining by 10 per cent each to close at N0.45 and N315.00 respectively, FTNCocoa fell by 9.61 per cent to close at N2.07 per unit, Linkage insurance dipped by 9.09 per cent to close at N0.70 per unit, Jaiz Bank fell by 9.04 per cent to close at N1.71 per unit. The NGX trading result showed that transactions in the shares of Japaul Gold led market activities during the day with 77.983 million shares valued at N64.586 million, FCMB group followed with 36.622 million shares cost N221.830 million, Sterling Bank traded 31.239 million shares cost N109.046 million, Dangote Sugar sold a total of 30.704 million shares cost N845.901 million, Fidelity Bank exchanged 22.283 million shares cost N160.859 million.