Stocks

Lagos, March 5, 2024: The Nigerian Exchange (NGX), equity market, on Monday opened positively, as gains in newly listed Transcorp Power Plc and 22 others grew the overall market capitalisation by N1.86 trillion.

Transcorp Power earlier listed 7.5 billion shares by introduction at N240.00 per share, amounting to N1.8 trillion on the main board of the NGX.

Mr Peter Ikenga, Managing Director/Chief Executive Officer, Transcorp Power, said that the listing was to provide a platform through which new investors from the public could be admitted into the firm.

Ikenga stated that this would diversify existing shareholders base and position the company for access to a larger pool of capital raising options.

He noted that the listing, which is an avenue to contribute to the growth of the NGX and the Nigerian capital markets, would further enhance Transcorp Power’s brand visibility and awareness.

Meanwhile, the NGX market capitalisation which opened at N54.035 trillion, gained N1.86 trillion to close at N55.890 trillion.

Consequently, the All-Share Index (ASI) also gained 95.91 points or 0.10 per cent to close at 98,847.89 points, compared to 99,980.3 recorded on Friday.

As a result, the Year-To-Date  return rose to 32.20 per cent.

Investors buy interest in the shares of Transcorp Power, Geregu Power, BUA Cement, PZ Cussons Nigeria and Transnational Corporation (Transcorp) moved the market to a positive terrain.

Analysis of the market activities revealed trade turnover settled higher relative to the previous session, with the value of transactions up by 193.76 per cent.

A total of 429.64 million shares valued at N19.92 billion were exchanged in 10,749 deals, as against 367.62 million shares valued at N6.78 billion exchanged in 9,168 deals posted in the previous session.

On the gainers chart,  Transcorp Power led by 10 per cent to close at N265.00, while Transcorp followed with a gain of 9.94 per cent to close at N15.70 per share.

PZ Cussons Nigeria rose by 9.93 per cent to close at N37.10, Neimeth International Pharmaceuticals increased by 9.88 per cent to close at N1.89, while Juli added 9.87 per cent to close at N4.12, per share.

Conversly, Dangote Sugar Refinery, Unity Bank and Vitafoam Nigeria led the losers’ chart in percentage terms of 10 each to close at N53.10, N1.98 and N22.95 per share, respectively.

NASCON Allied Industries lost 8.55 per cent to close at N53.50, while MTN Nigeria Communications (MTNN) shed 7.82 per cent to close at N185.00 per share.

Transcorp led the activity chart in volume with 203.43 million shares traded at the value of N3.187 billion, TransPower followed

to lead in value with 40 million shares worth N10.56 billion.

United Bank for Africa (UBA) traded 19.589 million shares valued at N448.026 million, while AIICO Insurance traded 12.672 million shares worth N13.085 million.

Also, Access Holdings traded 12.390 million shares worth N259.935 million.

However, market breadth closed negative with 25 losers’ equities and 23 gainers on the trading floor.

Selloffs in Dangote Cement, MTN. others push equity down by 1.23%

Lagos, March 2, 2024: Selloffs in the shares of Dangote Cement, Conoil, MTN Nigeria, among others, on Friday, dragged the equity market’s performance indices down by 1.23 per cent to close the week’s trading sessions.

Specifically, investors lost N672 billion or 1.24 per cent, as the market capitalisation, which opened at N54.707 trillion, closed at N54.035 trillion.

The All-Share Index also lost 1.24 per cent or 1.228.32 point, to settle at 98,751.98, as against 99,980.3 recorded on Thursday.

Consequently, the Year-To-Date (YTD) return on the index dropped to 32.07per cent.

Selloffs in Dangote Cement, MTN Nigeria,  Fidelity Bank, Sovereign Trust Insurance and Nestle made the market performance to be on a negative terrain.

Analysis of the market activities showed trade turnover drop when compared to the previous session, with the value of transactions down 22.01 per cent.

A total of 367.62 million shares valued at N6.78 billion were exchanged in 9,168 deals, compared to 542.95 million shares valued at N8.70 billion exchanged in 9,650 deals posted previously.

Meanwhile, Dangote Cement and Conoil led the losers table by percentage terms of 10 each to close at N135, N90.90 per share respectively.

MTN trailed by 9.96 per cent to close at N200.70, Thomas Wyatt Nigeria lost 9.78 per cent to close at N2.03, while Sovereign Trust Insurance shed 6.52 per cent to close at 43k per share.

On the gainers table, The Initiative Plc and FTN Cocoa Processors led by 10 per cent each to close at N1.98 and N1.65 per share respectively.

Juli Plc followed closely by 9.97 per cent to close at N3.75, Champion Breweries Plc gained 9.94 per cent to close at N3.76 and PZ Nigeria rose by 9.93 per cent to close at N33.75 per share.

On the activity table, Transcorp led in volume with trade of 57.00 million shares valued at N792.05 million, while Access Corporation sold 31.77 million shares worth N667.8 million.

United Bank of Africa (UBA) traded 28.50 million shares valued at N674.07 million and Fidelity Bank transacted 28.07 million shares worth N297.65.

Also, First City Monumental Bank(FCMB) sold 27.92 million shares worth N227.22 million.

However, market breadth closed positive with 43 gainers and eight losers on the trading floor.

Lagos, Feb. 27, 2024: The market capitalisation of the Nigerian Exchange Ltd. (NGX)  Monday dropped by N51 billion.

Specifically, the market capitalisation opened at N55.861 trillion to close at N55.810 trillion, representing 0.09 per cent decrease.

The All-Share Index also dropped by 0.09 per cent or 93 points, to close at 101,995.53, as against 102,088.30 posted on Friday.

Consequently, the Year-To-Date (YTD) return fell to 36.41 per cent.

The downward performance was dues to selloffs in some of the stocks of Tier-one banks such as FBN Holdings, United Bank for Africa(UBA) and Zenith Bank as well as Dangote Cement.

A total of 294.32 million shares valued at N6.72 billion were exchanged in 9,957 deals, compared to N291.01 million shares valued at N6.02 billion recorded in 7,710 deals at the previous session.

However, analysis of the market activities indicated trade turnover settled higher relative to the previous session, with the value of transactions up by 11.69 per cent.

On the losers chart, Nestle Nigeria Plc led in percentage terms of 10 to close at N990.

Eterna Plc followed by 9.97 per cent to close at N15.80 per share.

FIDSON Healthcare Plc lost 9.82 per cent to close at N15.15, CWG Plc trailed by 9.56 per cent to close at N6.15, while Sunu Assurances declined by 9.09 per cent to close at N1.90 per share.

Conversely, National Salt Company of Nigeria(NASCON) led the gainers’ table in percentage terms of 10 to close at N66, Juli Plc gained 9.83 per cent to close at N2.57 per share.

FBN Holdings appreciated by 9.68 per cent to close at N34, WAPIC Insurance rose by 8.96 per cent to close at 73k, while Daar Communications went up by 8.86 per cent to close at 86k per share.

On the activity chart, FBNH led in volume and value with trade of 73.84 million shares valued at N2.42 billion, followed by United Bank of Africa (UBA) which sold 20.67 million shares worth N493.05 million.

Zenith Bank also traded 20.62 million shares valued at N731.41 million, Fidelity Bank sold 19.98 million shares worth N205.40 million and Veritas Kapital transacted 12.32 million shares valued at N8.96 million.

Meanwhile, market breadth closed positive with 28 gainers and 26 losers on the trader’s chart.

Lagos, Feb. 22, 2024: The Nigerian Exchange Ltd (NGX) equity market on Wednesday recovered from its previous session’s losses, following investors improved buy interest in the shares of Tier-one banks and BUA Cement.

Specifically, investors gained N165 billion or 0.30 per cent, as the market capitalisation which opened at N55.298 trillion, closed at N55.463 trillion.

The All-Share index also rose by 0.30 per cent or 302 points to close at 101,362.38, as against 101,060.67 recorded on Tuesday.

Gains in BUA Cement, United Bank of Africa (UBA) and FBN Holdings(FBNH) outweighed losses in Zenith Bank, Guaranty Trust Holding Company (GTCO) and Access Corporation to return the market to a positive terrain.

Consequently, the All-Share index Year-To-Date (YTD) return rose to 35.56 per cent.

Also, a  total of 302.74 million shares valued at N 6.55 billion were exchanged in 8,611 deals, compared to 256.16 million shares valued at N6.63 billion exchanged in 8,783 deals posted previously.

Meanwhile, FBNH led the gainers’ log by 9.96 per cent to  close at N28.70, Juli followed with a gain of 9.90 per cent to close at N1.94 per share.

Mutual Benefits Assurance appreciated by 9.38 per cent to close at 70k,

Regency Alliance Insurance(REGALIN) garnered 7.32 per cent to close at 44k, while BUA cement pooled 4.93 per cent to close at N150 per share.

On the losers’ log, Okomu Oil lost 10 per cent to close at 243 per cent, Morison Industries Plc shed 9.69 per cent to close at N2.05 per share.

Sterling Nigeria trailed by 9.58 per cent to close at N4.34, Japaul Gold Group declined by 9.34 per cent to close at N2.33 and Caverton dropped 9.19 per cent to close at N1.68 per share.

On the the activity log, FBNH also led both in volume and value chart with 39.38 million shares worth N1.10 trillion, while Japaul Gold sold 30.19 million shares valued at N71.04 million.

Also, Transcorp traded 27.36 million shares worth N353.09 million, Veritas Kapital Assurance transacted 23.37 million shares valued at N168.08 million and GTCO sold 17.18 million shares worth N667.21 million.

However, analysis of the market activities indicated trade turnover settled lower relative to the previous session, with the value of transactions down by 1.15 per cent.

Also, market breadth closed negative with 42 laggards outnumbering 10 advancers.

Lagos, Jan. 27, 2024: The Nigerian Exchange Ltd. on Friday recorded N138 billion growth following continued investors’ buy interest in stocks of Tier-one banks

Specifically, the market capitalisation which opened at N55.900 trillion rose by N138 billion or 0.25 per cent to close at N56.038 trillion.

Also, the All-Share Index rose by 315.41 points or 0.25 per cent to close at 102,104.88 from 102,149.93 on Thursday.

Consequently, the Year-To-Date (YTD) return rose to 36.95 per cent.

Stocks of Tier-one banks namely; Zenith Bank, Guaranty Trust Holding Company(GTCO) and United Bank of Africa (UBA) kept the market in a positive terrain.

The market breadth closed positive with 44 stocks on gainers’ chart and 13 losers’

Japaul Gold Group led the gainers’ table growing by 10 per cent to close at N3.08 per share.

PZ Cussons followed 9.92 per cent to close at N36, while Royal Exchange Assurance rose by 9.86 per cent to close at 78k per share.

Honeywell Flour Mills gained by 9.84 per cent to close at N4.91, while Sunu Assurances added by 9.75 per cent to close at N2.25 per share.

Conversely, The Initiative Plc (TIP) led the losers’ table by 6.88 per cent to close at N2.30 per share.

Jaiz Bank trailed by 6.39 per cent to close at N2.93 per share.

Tantalizer lost six per cent to close at 47k, while Daar Communications shed 4.26 per cent to close at 90k per share.

International Breweries decreased by 3.99 per cent to close at N5.30 per share.

Analysis of the market activities showed that trade turnover settled lower relative to the previous session, with the value of transactions down by 14.09 per cent.

Meanwhile, investors exchanged  519.39 million shares valued at N8.85 billion in 11,301 deals.

Japaul Gold Group was the most active stock, trading 59.17 million shares valued at N181.19 million.

United Bank of Africa(UBA) followed with 48.69 million shares worth N1.48 billion, while Universal Insurance came third with 39.88 million shares valued at N18.49 million.

GTCO sold 24.65 million shares valued at N1.08 billion and United Capital Plc sold 22.31 million units of shares worth N498.52 million.

Lagos, Jan. 19, 2024: Equity market on Thursday further maintained an upwards posture, following sustained buy interests in stocks of Dangote Cement, MTN Nigeria, BUA Cement, among others.

Specifically, the All-Share Index rose by 2.04 per cent or 1,833.72 points, to close at 91,896.97, against 90,063.25 posted on Wednesday

Similarly, the market capitalisation which opened at N49.284 rose by  N1.005 trillion or 2.04 per cent to  close at N50.289 trillion.

As a result, the Year-To-Date (YTD) return rose to 22.91 per cent.

Market breadth closed positive with 33 gainers and 42 losers.

On the gainers’ table, Eterna, Unity bank, NEM Insurance, Johnholt and Conoil led in percentage terms of 10 per cent each to close at N20.90, N3.30, N8.25, N2.53 and N112.20 per share, respectively.

Conversely, Ikeja Hotel led the loser’s table by 9.79 per ent to close at N8.11, while Royalex  followed at 9.78 per cent to close at 83k per share.

Mutual Benefits trailed by 9.57 per cent to close at 85k, while Linkage Assurance lost 9.40 per cent to close at N1.35 per share.

Also, JapaulGold shed 9.33 per cent to close at N2.43 per share.

The volume of transactions grew by 18 per cent as 1.14 billion shares valued at N19.29 billion were exchanged in 17,804 deals.

Meanwhile, Transaction in the shares of Transcorp led the activity chart with 156.62 million, valued at N2.960 billion.

Universal Insurance followed with 114.54 million shares worth  N55.58 million.

Veritas Kapital sold 69.41 million shares traded at  N47.33 million, while Jaiz Bank garnered 65.87 million at N243.89 million.

Guaranty Trust Holding Company traded 63.44 million valued at N2.88 billion.

Commenting in an interview with the News Agency of Nigeria(NAN) in Lagos, Mr Jude Chiemeka, Acting, Chief Executive Officer of the Nigerian Exchange Ltd(NGX), said that the capital market is usually a barometer of the economy.

Chiemeka explained that the bullish trend recorded by the stock market was a reflection of all the various reforms of the Federal Government in the financial sector.

Lagos, Jan. 11, 2024: The Nigerian Exchange Ltd. closed trading on Wednesday on a negative note, due to price depreciation posted by Tier-one bank stocks and some others.

Consequently, the All-Share Index declined  by 1,167.46 or 1.4 per cent  to close at 82,024.28, as against 83,191.84 recorded on Tuesday.

Similarly, the overall market capitalisation which opened at N45.523 trillion dipped N638 billion or 1.4 per cent  to close at N44.885 trillion.

The market loss was driven by losses in MTN Nigeria, Zenith Bank and Guaranty Trust Holding Company (GTCO) amog others.

However, the Year-To-Date (YTD) return rose by 9.7 per cent.

The market breadth closed negative, as 50 equities traded on the loser’s table, and 11 others on the gainer’s.

On the laggard’s chart, Caverton, Chams, May Baker, FTN Cocoa Processors and Consolidated Hallmark Insurance declined in percentage terms of 10, to close at N2.07, N2.16, N5.49, N1.98, N1.35k respectively.

Conversely, Cadbury led the leader’s chart by 9.92 per cent gain to close at N19.95 per share.

Veritas Kapital followed, appreciating by 9.76 per cent to close at 45k, while Linkage Assurance  grew by 8.70 per cent to close at N1.50k per share.

Transcorp hotel trailed by 7.24 per cent to close at N100, while Prestige gained N6 to close at 53k per share.

A total of 1.64 billion shares valued at N25.38 billion were exchanged in 20,223 deals.

Transactions in the shares of Transcorp topped the activity chart with 117.64 million shares valued at N1.54 billion.

Access Holdings followed by 116.64 million shares traded at N3.26 billion.

Also, Sterling Bank transacted 116.29 million worth N774.99 million, while Jaiz Bank sold 100.7 million shares valued N282.65 million.

AIICO Insurance garnered 91.79 million shares and traded at N127.86 million.

Lagos,Jan.5, 2024:The nation’s bourse Equity market on Friday strengthened massively, with investors gaining N899billion or 2.11 per cent to end trading for the week.

Consequently, the Nigerian Exchange Ltd(NGX)market capitalisation closed at N43.593trillion as against N42.694trillion recorded on Thursday and N2.68 trillion gained week by week.

The benchmark of the All-Share Index(ASI) also earned 2.11 per cent or 1,644 points to settle at 79,664.66, as against 78,020.54 recorded previously and 6.54.per cent higher week by week.

Specifically, the Year-To-Date (YTD) return rose by 6.54 per cent, as investors traded 892.68million shares valued at N14.33billion in 13,019 deals.

However the market terrain was positive as a result investors buying interest in the shares Dangote Cement,  MTN Nigeria,  Zenith bank, which off-set sell-offs in Dangote Sugar, NASCON and Guinness.

Meanwhile, on the activity chart, Fidelity bank led in volume with an exchange of 92.668million units shares valued at N1.31billion, followed by Transcorp with 75.430million units shares of deals worth N954.95million.

Sterling Nigeria exchanged 71.553million units shares valued at N399.96million, while FCMB traded 56.850million units shares valued at N541.82million and UBA exchanged 45.983million shares valued at N131.72million.

On the gainers chart, Nigerian Aviation Handling Company Plc(NAHCO), followed by UPDC Real Estate Investment Trust(UPDCREIT)led in percentage terms of 10 each to close at N28.60 and N1.65 per share respectively.

Transcorp and Wema bank also gained 9.99 per cent each to close at N12.66 and N7.38 per share respectively, while Transcorp hotel made a profit of of 9.92 per cent to close at N84.85 per share.

Conversely, Multiverse led the losers chart with 9.99 per cent to close at N18.20, SCOA Nigeria trailed with 9.94 per cent to close at N1.63, while ABBEYBDS lost 9.86 per cent  to close at N2.65 per share.

UPDCREIT also shed 9.33 per cent to close at N6.30 and declined by 8.97 per cent to close at 71k per share.

However, analysis of the market outlook by some financial experts revealed that trade on the Exchange have appreciated due to a wave of “buy the hype”, and the ASI may hit the 80,000 mark in the coming weeks.

Mr Adetola Freeman, Regional Analyst, FBS Africa, had noted that while the ASI may hit 80,000 mark, underlying economic factors could cause a decline in the enthusiasm of investors subsequently.

Freeman said, this may also pressure existing shareholders to sell off their holdings

He noted that the fact that the current market outlook is extremely positive could be another cause for smart money investors to take a pause.

Freeman stated that this will later lead to a bullish run before the end of the first quarter and give birth to a new batch of investments in the NGX

Lagos, Dec. 29, 2023:The nation’s bourse on Thursday rebounded with unprecedented profit, as the market capitalisation gained N401 billion or 0.99 per cent to close at N40.776 trillion, as against N40.375 trillion recorded on Wednesday.

The All-Share Index (ASI) also grew by 733.94 or 0.99 per cent to settle at 74,502.58  points, as against 72,404.9 recorded previously.

As a result, the Year-to-Date (YTD) return rose to 43.94 per cent.

The improved performance was driven by increase in the sale of stocks of Axa Mansard Insurance, Multiverse and Julius Berger.

Access Holdings led the the traders chart in volume by N23.42 million, while MTN Nigeria led in value by N792.51 billion units.

On the gainers chart, Ikeja Hotel led in percentage terms of 10 per cent to close at N5.50k, followed by Multiverse which closed by 9.96 per cent at N16.89 and Julius Berger which closed by 9.94 per cent at N39.80.

Industrial and Medical Gas(IMG)gained N12.25 at 9.87 per cent, while Inifinity closed at N5.47 by 9.84 per cent.

On the losers chart, UACN led in percentage terms by 10 per cent to close at N12.15 per share, while Johnholt followed to close by 9.73 per cent at N2.32 and DeepCap closed at 9.38 per cent at 58k per share.

RTBrisco lost 8.96 per cent to close at 61k, while UCAP shed 7.53 per cent to close at N22.10.

Lagos, Dec. 13, 2023: The stock market on Tuesday maintained bullish trend, bringing the benchmark indices up by 0.33 per cent, to close at N39.349 trillion as against N39.219 trillion recorded on Monday.

Specifically, the market capitalisation gained N130 billion, representing 0.33 per cent.

Also, the All-Share Index gained 327.35 points or 0.33 per cent to stand at 71,907.26 as against 71,669.91

The increase was due to sustained buying interest in MTN Nigeria and Tier-one bank stocks; namely Guaranty Trust Company(GTCo) Access Holdings, among others.

As a result, the Year-to-Date (YTD) return rose to 40.30 per cent.

On top stock traders, Julius berger led by volume with N42.54millon, valued at N14.73billion, while GTCo was the most traded stock by value with N84.92 billion units traded.

The gainers table was led by Infinity with 9.79 per cent to close at N2.13 per share.

SCOA Nigeria Plc followed with a gain of 9.45 per cent to close at N1.62, while Daar Communication rose by 8.82 per cent to close at N0.37 per share.

Royal Exchange increased by 8.47 per cent to close at N0.64, while Neimeth appreciated by 7.89 per cent to close at N2.05 per share.

On the other hand, Guinea Insurance led the losers’ chart in percentage terms by 10 per cent to close at N0.27 per share.

This was followed by Conoil with 9.83 per cent to close at N78.00 per share.

Juli shed 9.72 per cent to close at N0.65, Omatek closed at 8.75 per cent, indicating loss of N0.73, while Thomaswy lost 8.13 per cent to close at N3.05.