Stock

Lagos, March 14, 2024: The Nigerian Exchange Ltd.(NGX) market capitalisation, which opened at N57.697 trillion on Tuesday, gained N836 billion or 1.45 per cent close at N58.533 trillion.

Also, the All-Share Index rose by 1.45 per cent or 1,480 points to close at 103,524.44, as against 102,044.84 recorded on Monday.

As a result, the Year-To-Date (YTD) return rose to 38.45 per cent.

Interest in Telco heavyweight and Tier-one banks such as MTN Nigeria, UBA,

Access Corporation, Guaranty Trust Holding Company(GTCO) and sustained interest in Transcorp Power(TransPower) kept the market in the green.

Market breadth closed positive with 35 gainers and 14 losers.

On the gainer’s chart, UBA led in percentage terms of 10 to close at N25.30, followed by MTN by 9.98 per cent to close at N243.50 per share.

Julius Berger also gained 9.71 per cent to close at N61, whileAccess Corporation rose by 9.51 per cent to close at N22.45 per share.

Veritas Kapital Assurance went up by 9.38 per cent to close at 70k per share.

Conversely, Tantalizers led the loser’s chart by 7.89 per cent to close at 35k, National Salt Company of Nigeria(NASCON) trailed by 6.77 per cent to close at N53.70.

Morison Industries Plc shed 6.62 per cent to close at N1.41, C&I Leasing lost 6.45 per cent to close at N3.48, while Cutix Plc dropped 6.30 per cent to close at N2.53 per share.

However, analysis of the market activities showed trade turnover settled lower, relative to the previous session.

The value of transactions was also down by 16.76 per cent.

A total of 565.79 million shares valued at N14.23 billion were exchanged in 11,519 deals,  compared to 436.90 million shares valued at N17.09 billion exchanged in 11,344 deals traded on Monday.

On the activity chart, Transcorp led in volume with 170.72 million shares traded in value of N3.13 billion, Access Corporation followed by 48.57 million shares valued at N1.06 billion.

GTCO sold 39.04 million shares worth N165.80 million, Jaiz Bank traded 36.78 million shares valued at N72.51 million and UBA transacted 31.96 million shares valued at N796.24 million.

Lagos, March 7, 2024: The domestic bourse on Wednesday closed on the positive with a gain of 0.75 per cent, as investors sustained buy interest in the shares of Transcorp Power(TransPower), alongside Tier-one banks.

Specifically, the shares of Transpower, which opened at N290.40, gained 9.99 per cent to  close at N319.40 per share.

Consequently, the Nigerian Exchange Ltd (NGX) All-Share Index gained 0.75 per cent or 744 points to close at 99,591.64, as against 98,847.89 recorded on Tuesday.

Investors also gained N420 billion or 0.75 per cent as the market capitalisation, which opened at  N55.890 trillion, closed at N56.310 trillion.

As a result, the Year-To-Date  return rose to 33.19 per cent.

Sustained investor interest in Transpower, FBN Holdings, Transnational Corporation (Transcorp) and C& I Leasing kept the market’s performance green.

However, an analysis of the market activities showed trade turnover which settled lower relative to the previous session, with the value of transactions down by 38.63 per cent.

A total of 416.48 million shares valued at N19.51 billion were exchanged in 9,338 deals, compared to 429.64 million shares valued at N19.92 billion exchanged in 10,749 deals posted in previous session.

Meanwhile, TransPower led the gainers log by 9.99 per cent to close at N319.40, Transcorp followed closely by 9.96 per cent to close at N18.99 per share.

FBNH added 9.95 per cent to close at N34.25, Africa Prudential Plc rose by 9.49 per  cent to close at N7.50 and C&I Leasing Plc appreciated by 9.48 per cent to close at N3.81 per share.

Conversely, Tantalizers and Ikeja Hotels led the losers’ log in percentage terms of 10 each to close at 36k and N6.75 per share respectively.

National Salt Company of Nigeria(NASCON) lost 9.97 per cent to close at N48.15, Ecobank Transnational Incorporated(ETI) shed 9.96 per cent to close at N24.10.

Also, Livestock Feed Plc went down by 9.82 per cent to close at N1.47 per share.

Transcorp led the activity log in volume with trade of 67.34 million shares valued at N1.28 billion, FBNH followed with 47.69 million shares worth N154.79 million.

Guaranty Trust Holding Company (GTCO) traded 37.47 million shares valued at N1.56 billion, TransPower sold 36.86 million shares worth N11.78 billion to lead the chart in value.

United Bank of Africa (UBA) transacted 29.78 million shares worth N660.45 million.

However, market breadth closed negative with 29 equities on the laggards table and 18 others on the leaders table.

Lagos, March 6, 2024: Sustained buying interest in the shares of newly listed Transcorp Power on the Nigerian Exchange Ltd. (NGX) and Tier-one banks on Tuesday pushed the value of transactions on the Exchange up by 59.55 per cent.

Analysis of the market activities showed trade turnover settled higher relative to the previous session.

Similarly, 398.13 million shares valued at N31.79 billion were exchanged in 10,976 deals, compared to 429.64 million shares valued at N19.92 billion exchanged in 10,749 deals posted on Monday.

Transcorp Power, a subsidiary of Transnational Corporation Plc  on Monday listed 7.5 billion ordinary shares of 50 each at N240 per share on the main board of the NGX.

This brought the total market capitalisation on the Exchange to N1.8 trillion.

On Tuesday, the shares of Transcorp Power which opened at N264 gained 10 per cent to close at N290.40 per share.

However, sustained buying interest in shares of Transpower, alongside renewed interest in Guaranty Trust Holding Company(GTCO), Zenith Bank, FBN Holdings, Juli Plc kept the market in the green.

Consequently, investors gained N193 trillion or 0.35 per cent, making the market capitalisation, which opened at N55.890 trillion, to close at N56.083 trillion.

The All-Share index also rose by 0.35 per cent or 343 points to close at 99,190.46, as against 98,847.89 posted in previous session.

As a result, the Year-To-Date  return rose to 32.65 per cent.

Meanwhile, Transcorp Power(TransPower) led the activity table in volume and value with 87.49 million shares traded in deals worth N25.41 billion.

Transnational Corporation (Transcorp) followed by 68.03 million shares valued at N1.17 billion, while United Bank for Africa (UBA) traded 23.35 million shares worth N519.51 million.

Also, Access Corporation sold 18.47 million shares valued at N380.97 million and FBN Holdings traded 17.91 million shares worth N540.51 million.

On the gainers table, Transcorp and TransPower led in percentage terms of 10 each to close at N17.27 and N290.40 per share, respectively.

FBN Holdings gained 9.88 per cent to close at N31.15 per share.

The Initiative Plc added 9.88 per cent to close at N2.36 and Juli Plc rose by 9.71 per cent to close at N4.52 per share.

On the other hand, International Breweries and National Salt Company of Nigeria (NASCON) led the losers table by 10 per cent each to close at N4.32 and N48.15 per share respectively.

May and Baker Nigeria Plc lost 9.93 per cent to close at N5.08, Thomas Wyatt Nigeria shed 9.85 per cent to close at N1.83 and C& I Leasing Plc trailed closely by 9.84 per cent to close at N3.48 per share.

However, market breadth closed negative with 35 equities on the laggard’s table and eight others on the leader’s table.

Lagos, Feb. 21, 2024: The domestic bourse on Tuesday extended losses from its previous session, bringing the All-Share Index down by 1.30 per cent or 1,333 points to close at 101,060.67.

This is against 102,393.23 recorded on Monday.

Bearish sentiment in BUA Cement, Zenith Bank and Guaranty Trust Holding Company (GTCO) brought the market further to a negative terrain.

Consequently, investors lost N730 billion, as the Nigerian Exchange Ltd (NGX) market capitalisation which opened at N56.028 trillion closed at N55.298 trillion.

As a result the Year-To-Date (YTD) return fell to 35.16 per cent.

Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 10.90 per cent.

A total of 256.16 million shares valued at N6.63 billion were exchanged in 8,783 deals, compared to 273.85 million shares valued at N7.44 billion exchanged in 9,688 deals posted in previous session.

On the laggards’ table, Honeywell Flour Mills led in percentage terms of 10 to close at N3.60, BUA Cement followed closely by 9.98 per  cent to close at N142.95 per share.

PZ Cusson Nigeria trailed by 9.75 per cent to close at N27.30, UPDC Real Estate Investment Trust lost 9.32 per cent to close at N5.35, while NEM Insurance shed 8.63 per cent to close at N6.35 per share.

Conversely, Juli Plc led the gainers table by 9.94 per cent to close at N1.77, while Eterna Plc rose by 6.17 per cent to close at N17.20 per share.

Veritas Kapital also gained N5.97 per cent to close at 71k, Geregu garnered 3.68 per cent to close at N985 and Tantalizers grew by 2.63 per cent to close at 39k per share.

Meanwhile, Transcorp led the activity table with 39.75 million shares valued at N529 million, United Bank of Africa (UBA) sold 26.03 million shares worth N625 million.

Fidelity traded 25.48 million shares valued at N271 million, Zenith Bank sold 21.1 million shares worth N751 million and GTCO transacted 13.80 million shares valued at N535.51 million.

Market breadth closed negative with 42 declining issues outnumbering six advancing ones.

Lagos, Feb. 20, 2024:Transactions resumed on the Nigerian Exchange Ltd. (NGX), on Monday, on a negative posture with the market indices declining by 3.15 per cent due to selloffs.

Specifically, the market capitalisation which opened at N57.849 trillion, shed N1.82 trillion or 3.15 per cent to close at N56.028 trillion.

Similarly, the All-Share Index(ASI) also dropped by 3.15 per cent or 3,330 points to settle at 102,393.23, compared to 105,722.78 achieved on Friday.

As a result, the ASI Year-To-Date (YTD) return fell to 36.94 per cent.

The market was dragged down due to selloffs in the shares of MTN Nigeria, Dangote Cement and Zenith Bank.

On the losers’ table, MTN and Dangote Cement led in percentage of 10 each to close at N247.50 and N686.70 per share, respectively.

NGX Group trailed by 9.76 per cent to close at N22.20, NEM insurance dropped 9.74 per cent to close at N6.95, while Tantalizers lost 9.52 per cent to close at 38k per share.

On the contrary, Juli Plc led the gainers’ table by 9.52 per cent to close at N1.61.

Dangote Cement followed with an increase of 8.64 per cent to close at 88k per share.

Sunu Assurances garnered 6.74 per cent to close at N1.90, while ABC Transport gained 6.67 per cent to close at 96k per share.

Nigerian Aviation Handling Company Plc (NAHCO) also appreciated by 5.86 per cent to close at N30.70 per share.

On the activity chart, Guaranty Trust Holding Company(GTCO) led with a trade of 28.85 million shares valued at N1.13 billion.

Also, Transcorp sold 20.14 million shares worth N275.93 million, while Access Holdings traded 15.90 million shares worth N359.5 million.

FBN Holdings sold 15.87 million shares worth N450.74 million and Zenith Bank transacted 15.84 million shares valued at N568.04 million.

Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 7.58 per cent.

Meanwhile,  273.85 million shares valued N7.44 billion were exchanged in 9,688 deals, compared to 342.52 million shares worth N8.05 billion in 8,395 deals on Friday.

Meanwhile, the market breadth closed negative with 36 declining stocks and 16 that appreciated.

Lagos, Feb. 16, 2024: Bullish sentiment persisted on Thursday at the Nigerian Exchange Ltd. (NGX) equity market, as the market indices rose by 0.58 per cent.

Specifically, investors gained N329 billion or 0.58 per cent, as the market capitalisation closed at N56.961 trillion, as against N56.632 trillion recorded on Wednesday.

The All-Share Index also appreciated by 0.58 per cent or 601.72 point to settle at 104,100, compared to 103,498.28 posted in the previous session.

As a result, the Year-To-Date (YTD) return rose to 39.22 per cent.

Continuous buy interests in the shares of BUA Cement, BUAFoods and Geregu kept the market in the positive terrain.

A total of 284.49 million shares valued at N6.91 billion were exchanged in 8,168 deals, as against 426.86 million shares valued at N12.11 billion exchanged in 8,654 deals.

However, analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 42.89 per cent.

Guaranty Trust Holding Company(GTCO) led the activity table in volume and value with the trade of 56.61 million shares worth N2.22 billion.

Transcorp followed with 33.17 million shares valued at N418.31 million, while United Bank of Africa(UBA) traded 18.38 million shares worth N442.96 million.

Also, Mutual Benefits Assurance sold 16.76 shares valued at N11.48 million and AXA Mansard traded 12.51 million shares worth N75.57 million.

On the gainers’ table, University Press Ltd.(UPL) led in percentage terms of 9.96 per cent to close at N2.87, followed by Juli Plc by 9.84 per cent to close at N1.34 per share.

Mutual Benefits gained 9.38 per cent to close at 70k, Daar Communications rose by 8.82 per cent to close at 74k, while Honeywell Flour garnered 7.50 per cent to  close at N4.30 per share.

Conversely, Unilever Nigeria Plc led the losers’ table by 9.80 per cent to close at N16.10, Julius Berger lost 9.64 per cent to close at N50.60, while Morison Industries Plc shed 9.60 per cent to close at N2.23 per share.

May & Baker Nigeria Plc depreciated by 6.52 per cent to close at N6.45 and National Salt Company of Nigeria (NASCON) dropped 5.37 per cent to close at N59.04 per share.

Market breadth closed negative with 26 declining stocks outnumbering 23 advancing ones.

Lagos, Feb. 15, 2024: The equity market rebounded to gain N980 billion on Wednesday, following investors improved buy interest in the stocks of Airtel Africa, Geregu and Zenith Bank.

Specifically, market capitalisation gained N980 billion or 1.76 per cent to close at N56.632 trillion, as against N55.652 trillion posted on Tuesday.

As a result, the NGX All-Share Index rose by 1.76 per cent or 1,791 points to close at 103,498.28 points, compared to 101,707.70 recorded on Tuesday.

Also, the Year-To-Date (YTD) return rose to 38.42 per cent.

Analysis of the market activities indicated trade turnover settled higher relative to the previous session, with the value of transactions up by 181.51 per cent.

Similarly, 426.86 million shares valued at N12.11 billion were exchanged in 8,654 deals, as against 263.19 billion shares valued at N4.30 billion exchanged in 8,614 deals posted on Tuesday.

Market breadth closed positive, as 26 equities on the leader’s table outnumbered 25 others on the laggard’s.

Meanwhile, First Bank of Nigeria Holdings(FBNH) led the activity chart in volume with 54.61 million shares worth N1.48 billion,

United Bank of Africa(UBA) followed with 47.66 million shares worth N1.17 billion.

Access Holdings sold 46.05 million shares valued at N1.09 billion, while Transcorp traded 30.65 million shares worth N395 million.

Also, Nigerian Breweries transacted 25.49 million shares valued at N969 million.

On the gainers’ table, Airtel Africa and Unity Bank led in percentage terms of 10 each to close at N2,200 and N2.42 per share, respectively,

Juli Plc followed  with a gain of 9.91 per cent to close at N1.22, while FBNH followed closely with a gain of 9.90 per cent to close at N27.20 per share.

Morison Industries rose by 9.82 per cent to close at N3.02 per share.

Conversly, NCR Nigeria Plc, Mecure Industries and Thomas Wyatt Nigeria (Thomaswy) led the losers’ table in percentage terms of 10 each to close at N4.32, N9.72 and N2.25 per share, respectively.

Also, Meyer Plc followed closely by 9.99 per cent to close at N6.22, while BUA cement lost 9.91 per cent to close at N150 per share.

Lagos, Feb.  10, 2024:   The Transactions at the Nigerian Exchange (NGX) on Friday rebounded as market capitalisation increasing by N345 billion, after days of dips.

The market capitalisation closed at N55.735 trillion, compared with N55.390 trillion achieved on Thursday, a growth of 0.62 per cent.

The market capitalisation also shed N1.42 trillion in total for the week, having lost four out of five sessions.

Also, the All-Share index (ASI) went up by 0.62 per cent or 631 points to close at 101,858.37, as against 101,227.66 posted on Thursday.

However, the ASI benchmark closed 2.45 per cent lower on week-on-week basis, having lost in four of five trading sessions in the week.

Consequently, the Year-To-Date (YTD) return fell to 36.22 per cent.

The upward performance was due to buy interests in Geregu, Zenith Bank and Guaranty Trust Holding Company(GTCO) on Friday.

Analysis of the market activities indicated that trade turnover was higher than the previous session, with the value of transactions up by 2.54 per cent.

A total of 321.89 million shares valued at N7.35 billion were exchanged in 8,925 deals, compared to 478.38 billion shares valued at N7.17 billion exchanged in 10,957 deals recorded on Thursday.

Meanwhile, Transcorp led the volume chart with 33.34 million shares valued at N439.02 million, followed by Universal Insurance with 21.25 shares worth N7.81 million.

Ecobank Transnational Incorporated (ETI) traded 18.78 shares valued at N486.01 million, United Bank of Africa (UBA) sold 17.58 shares worth N448.47 million, while Access Holdings traded 16.19 shares valued at N408.13 million.

On the gainers’ table, May & Baker led in percentage term of 10 to close at N7.04, followed by Geregu with 9.92 per cent to close at N675.90 per share.

Meyer Plc gained 9.86 per cent to close at N6.91, while Veritas Kapital Assurance rose by 9.84 per cent to close at 67k.

Also, Juli Plc garnered 9.78 per cent to close at N1.01 per share.

Conversely, Eterna Plc led the losers’ table by 9.80 per cent to close at N17.95, followed by Industrial and Medical Gases with 9.38 per cent to close at N13.50 per share.

Daar Communications trailed by 9.21 per cent to close at 69k, while Neimeth International Pharmacy shed 9.09 per cent to close at N1.80 per share.

Unity Bank lost 8.33 per cent to close at N2.31 per share.

As a result, market breadth closed positive with 36 advancing stocks, compared with 26 declining ones.

Lagos, Feb. 9, 2024: Bearish sentiment persisted on the equity market on Thursday with market capitalisation declining further by N481 billion, amid selloffs in Tier- one banking stocks

Consequently, the Nigerian Exchange Ltd.(NGX) market capitalisation, which opened at N55.871 trillion, shed N481 billion or 0.86 per cent to close at N55.390 trillion.

Similarly, the All-Share Index declined by 0.86 per cent or 878.65 points to close at 101,227.66, compared with 102,106.31 posted on Wednesday.

Consequently, the Year-To-Date (YTD) return slipped to 35.38 per cent.

The loss was driven by price depreciation in Tier-one banking stocks amongst which are; Zenith Bank, United Bank of Africa(UBA) and Access Bank Holdings.

Meanwhile, market breadth closed negative with 49 equities on the laggard’s table outnumbering six others on the leader’s table.

On the laggards’ table, Consolidated Hallmark Plc, Unity Bank, Sterling Nigeria and National Salt Company (NASCON) led in percentage terms of 10 each to close at N1.44, N2.52, N5.31 and N19.90 per share, respectively.

Eterna Plc trailed by 9.95 per cent to close at N22.10 per share.

On the other hand, Meyer Plc led the leaders’ table by 9.97 per cent to close at N6.29, Juli Plc followed by 9.52 per cent to close at 92k, while Tantalizers gained 4.76 per cent  to close at 44k per share.

Also, Red Star Express Plc rose by 4.05 per cent to close at N3.85 and LASACO Assurance garnered N3.54 per cent to close at N2.63 per share.

On the activity table, Universal Insurance led with 42.77 million shares valued at N16.09 million, Transcorp followed by 41.54 million shares worth N528.07 million.

Zenith Bank sold 31.75 million shares valued N1.12 billion, while UBA traded 31.38 million shares worth N741.67 million and Access Corporation transacted 31.21 million shares worth N729.39 million.

However, analysis of the market activities showed trade turnover was higher than the previous session, with the value of transactions up by 11.97 per cent.

A total of 478.38 billion shares valued at N7.17 billion were exchanged in 10,957 deals, as against 341.92 billion shares valued at N6.41 billion exchanged in 9,665 deals on Wednesday.

Lagos, Feb. 7, 2024: The equity market extended losses as all the performance indices of the Nigerian Exchange Ltd. (NGX) declined by 1.52 per cent.

Specifically, the All-Share Index dropped by 1,551.76 points or 1.52 per cent to close at 102,108.05 as against 103,659.81 recorded on Monday.

Also, the market capitalisation declined by N849 billion or 1.52 per cent to close at N55.872 trillion, compared to N56.721 trillion posted at the previous session.

As a result, the Year-To-date (YTD) return fell to 36.56 per cent.

Meanwhile, the downward performance of the market was due to bearish sentiment of investors in stocks of BUA Cement, alongside Tier-one banks.

Also, investors exchanged 494.19 million shares valued at N7.6 billion in 11,761 deal, compared to 841.55 million shares valued at N19.33 billion exchanged in 13,674 deals on Monday.

On the losers’ table, BUA Cement and Consolidated Hallmark Holdings Plc led in percentage terms of 10 each to close at N166.50 and N1.53, followed by Sterling Nigeria by 9.85 per cent to close at N5.86 per share.

UPDC Plc trailed by 9.79 per cent to close at N1.75, while The Initiate Plc (TIP) shed 9.79 per cent to close at N2.12 per share, respectively

Conversely, Cadbury Nigeria Plc and Juli Plc led in percentage terms of 10 each to close at N24.20 and 77k, while Meyer Plc gained 9.94 per cent to closeN5.20 per share.

Daar Communications Plc also garnered 9.09 per cent to close at 84k, while CAP Plc rose by 4.58 per cent to close at N25.10 per share.

On the activity table, Jaiz Bank led in volume with 90.78 million shares traded at N226.98 million, followed by Universal Insurance with 40.39 million shares worth N16.64 million.

Japaul Gold and Ventures Plc also traded 33.61 million shares worth N99.25 million, while Guaranty Trust Holding Company(GTCO) traded 32.95 million shares worth N1.32 billion to lead the chart in value.

First Bank Nigeria Holdings(FBNH) traded 27.53 million shares valued at N702.46 million.

Analysis of the market activities showed that trade turnover settled lower relative to the previous session, as the value of transactions went down by 60.68 per cent.