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.

Divestments in AccessCorp as 43.702m shares change hands

Shareholders have expressed surprise that the shareholding structure in Access Bank Corporation is tilting with a total of 43.702 million worth N703.328 million changing hands in one day. Investors traded 311.116 million shares worth N3.915 billion in 7193 deals against 356.015 million shares valued at N4.233 billion in 6469 deals.  Transactions in the shares of AccessCorp led market activities during the day with 43.702 million shares valued at N703.328 million, Transnational Corporation of Nigeria followed with 28.497 million shares worth N181.730 million, Dangote Sugar Refinery traded 16.029 million shares cost N820.840 million, Chi Plc traded 15.565 million shares cost N13. 471 million while Omatek exchanged 15.514 million shares cost N4.659 million. The domestic equity market Monday opened the week on a positive note, appreciating by N325 billion. The market capitalisation of listed equities increased by 0.90 per cent to close at N36.205 trillion from N35.880 trillion reported the previous day. The NGX All Share Index also appreciated by 592.47 basis points to 66151.38 points recorded the previous day. An analysis of the investment showed that four companies recorded 10 per cent gain at the close of transaction Omatek Plc, Dangote Sugar Refinery increased by 10 per cent each to close at N0.33 and 52.25 per share respectively. Thomas Way and Transnational Corporation of Nigeria also appreciated by 10 per cent each to close respectively at N1.87 per cent and N6.38 per cent per unit.SFS REIT followed with a gain of 9.96 per cent to close at N92.15 per unit. On the contrary, CWG recorded the highest loss, in percentage terms, declining by 10 per cent to close at N4.50 per unit, JohnHolt trailed with a loss of 9.80 per cent to close at N1.38 per share, NEM Insurance declined by 9.54 per cent to close at N5.12 per unit, NSLTech fell by 9.09 per cent to close at N0.30 per share while Cutix Plc dropped by 8.33 per cent to close at N2.20 per share.

Investors trade N7.432bn worth of shares

The volume of transactions on the floor of Nigerian Exchange (NGX) on Wednesday increased as investors traded 291.714 million shares valued at N7.432 billion in 6213 deals. This is against 280.468 million shares worth N4.645 billion in 6296 deals on Tuesday. The market capitalisation of listed equities at the close of trading appreciated   by N13 billion or 0.04 per cent to N35.369 trillion from N35.356 trillion reported the previous day. But the NGX All Share Index depreciated by 303.70 basis points to 64625.28 points from 64928.98 points traded on Tuesday. An analysis of the investment for the day showed that  Eterna Plc led gainers table, increasing by 10 per cent to close at N17.60 per share, CWG followed with a gain of 8.61 per cent to close at N3.28 per unit, FTNCocoa gained 6.97 per cent to close at N2.15 per share, Livestock added 5.56 per cent to close at N1.90 while Vitafoam Nigeria Plc grew by 4.78 per cent to close at N21.90 per unit. On the contrary, NEM Insurance topped losers chart, dropping 10 per cent to close at N5.40 per share, SUNU Assurance trailed with a loss 8.51 per cent to close at N0.86 per share, Guinness Nigeria Plc down by 7.89 per cent to close at N0.35 per unit, Cornerstone Insurance 7.09 per cent to close at N1.31 per share, Omatek fell by 5.88 per cent to close at N0.32 per share. The result further showed that transactions in the shares of  GTCO Plc led activities with 41.746 million shares valued at N1.552 billion, Universal insurance followed with account of 22.841 million worth N5.169 million, United Bank for Africa exchanged 22.553 million shares cost N315.379 million, Sterling Bank traded 21.642 million shares worth N76.981 million Transcorp traded 15.703 million shares valued at N62.652 million.