Tag: Nigerian Stock Exchange (NSE)

The market indicators of the Nigerian Stock Exchange (NSE) on Friday declined by 0.65 per cent, amid loss posted by Nestle.

Specifically, the All-Share Index which opened at 27,568.91 shed 180.29 points or 0.65 per cent to close at 27,388.62.

Similarly, the Market Capitalisation lost N94 billion or 0.65 per cent to close at N14.268 trillion from N14.362 trillion posted on Thursday.

A breakdown of the price movement chart indicates that Nestle topped the losers’ chart, dropping by N112 to close at N1,113 per share.

Nigerian Breweries came second with N3.05 to close at N48.45, while UACN was down by 60k to close at N8.40 per share.

Access Bank dipped 30k to close at N9.40, while SAHCO shares declined by 29k to close at N2.62 per share.

On the other hand, Julius Berger led the gainers’ table with N1.50 to close at N24 per share.

United Bank for Africa garnered 50k to close at N7.50, while Zenith Bank gained 45k to close at N19.85 per share.

BUA Cement improved by 40k to close at N36.45, while Custodian and Investment added 20k to close at N5.65 per share.

In spite of the drop in market indices, the volume of shares traded closed higher as investors bought and sold 421.28 million shares valued at N5.55 billion in 4,423 deals.

This was in contrast to 484.99 million shares worth N3.59 billion achieved in 4,187 deals on Thursday.

Zenith Bank was the most active, trading 112.48 million shares valued at N2.24 billion.

United Capital sold 64.84 million shares worth N231.25 million, while FCMB Group traded 59.75 million shares valued at N113.53 million.

Flour Mills exchanged 50.08 million shares worth N1.15 billion, while United Bank for Africa sold 34.84 million shares valued at N261.59 million. (NAN)

The bears continued to dominate the domestic equities market on Tuesday, as the Nigerian Stock Exchange (NSE)’s All-Share Index dropped further by 0.08 per cent.

The index lost 23.38 points or 0.08 per cent to close at 27,547.56 compared with 27, 570.94 following sell-offs of tier-1 banking stocks.

Also, the market capitalisation of listed equities, which opened at N14.359 trillion, shed N12 billion or 0.08 per cent to close at N14.347 trillion.

Consequently, the month-to-date loss increased to 4.4 per cent, while the Year-to-Date gain moderated to 2.6 per cent.

On sector performance, the banking (-0.5%) and Consumer Goods (-0.01%) indices declined, while the insurance (+0.2%) index gained.

The Industrial Goods and Oil and Gas indices closed flat.

However, market sentiment, as measured by market breadth, was negative with 13 losers, relative to 12 gainers.

Guaranty Trust Bank topped the losers’ chart, dropping by 15k to close at N28.95 per share.

Vitafoam also trailed with a loss of 15k to close at N4.55, while United Bank for Africa lost 15k to close at N7.55 per share.

FBN Holdings was down by 15k to close at N5.80, while Zenith Bank dipped 10k to close at N19.50 per share.

On the other hand, Stanbic IBTC led the gainers’ table, gaining 50k to close at N38.50 per share.

C & I Leasing followed with a gain of 40k to close at N5.80, while UAC Property gained 9k to close at 99k.

United Capital rose by 5k to close at N2.93, while NPF Micro Finance Bank added 5k to close at N1.20 per share.

Moreover, the total volume of trades transacted increased by 24.9 per cent to 168.07 million shares valued at N2.16 billion exchanged in 3,075 deals.

This was in contrast with 134.612 million shares worth N1.58 billion traded in 3,302 deals on Monday.

Zenith Bank was the most traded stock by volume and value with 48.99 million shares worth NN953.24 million, respectively.

Guaranty Trust Bank followed with an account of 17.07 million shares valued at N494.85 million, while United Capital traded 15.64 million shares worth N45.69 million.

Access Bank exchanged 12.83 million shares valued at N124.43 million, FBN Holdings sold a total of 10.31 million shares cost N60.39 million. (NAN)

Activities on the nation’s bourse opened the week on Monday still on a negative mood as sell-off in high capitalised stocks dragged the All-Share Index (ASI) further down by 0.67 per cent.

Specifically, the All-Share Index dipped by 184.93 points or 0.67 per cent to close at 27,570.94 against 27,755.87 on Friday.

Also, investors lost N96 billion in value with the market capitalisation declining to N14.359 trillion compared with N14.455 trillion achieved on Friday.

The downturn was impacted by losses recorded in medium and large capitalised stocks, amongst which are; Guaranty Trust Bank, BUA Cement, International Breweries, Ecobank Transnational Incorporated (ETI) and Dangote Sugar Refinery.

Analysts at United Capital stated that: “This week, we expect the influx of audited financial reports of companies that had not released unaudited result earlier to drive performance as the result of some of the tier one banks is expected to spur buying interests.”

Analysts at Afrinvest Limited expect the bearish sentiment to persist in the near term, noting that there are opportunities for bargain hunting.

Market breadth closed negative with 11 gainers against 18 losers.

Law Union and Rock Insurance led the losers’ chart in percentage terms, dropping by 9.57 per cent to close at N1.04 per share.

Wapic Insurance lost 9.09 per cent to close at 30k, while International Breweries dipped 9.03 per cent to close at N7.05 per share.

Unity Bank lost 8.77 per cent to close at 52k, while ETI shed 8.57 per cent to close at N6.40 per share.

Conversely, Jaiz Bank dominated the gainers’ table in percentage terms, gaining 6.25 per cent to close at 68k per share.

Japaul Oil and Maritime Services followed with a gain of five per cent to close at 21k, while Oando appreciated by 4.35 per cent to close at N3.60 per share.

Cornerstone Insurance improved by 3.70 per cent to close at 56k, while NPF Micro Finance Bank appreciated by 3.60 per cent to close at N1.15 per share.

However, the total volume of shares traded rose by 1.6 per cent as investors bought and sold 134.61 million shares, worth N1.58 billion exchanged in 3,302 deals.

This was in contrast with a total of 132.62 million shares valued at N1.28 billion achieved in 3,189 deals on Friday.

Transactions in the shares of Zenith Bank topped the activity chart with 22.45 million shares worth N441.63 million.

United Capital sold 17.16 million shares valued at N50.98 million, while Guaranty Trust Bank accounted for 12.42 million shares worth N362.84 million.

Unilever Nigeria traded 10.24 million shares valued at N153.68 million, while United Bank for Africa transacted 8.81 million shares worth N67.25 million. (NAN)

The Nigerian Stock Exchange (NSE) on Friday transacted 132.62 million shares valued at N1.28 billion achieved in 3,189 deals.

This was in contrast with a turnover of 150.73 million shares worth N2.78 billion exchanged in 3,198 deals on Thursday.

An analysis of the activity chart indicated that Zenith Bank was the most active stock trading 21.71 million shares valued at N429.52 million.

UACN followed with an account of 21.24 million shares worth N208.46 million, while United Capital sold 20.55 million shares valued at N60.31 million.

United Bank for Africa traded 13.87 million shares cost N108.04 million, while FBN Holdings exchanged 7.59 million shares worth N45.06 million.

However, the market indices maintained negative trend with a loss of 0.39 per cent due to profit taking.

Specifically, the NSE All-Share Index lost 108.97 or 0.39 per cent to close at 27, 755.87 from 27, 864.84 achieved on Thursday.

Also, the market capitalisation, which opened at N14.512 trillion, dipped N57 billion or 0.39 per cent to close at N14.455 trillion.

Guinness topped the losers’ chart, dropping by N2.80 to close at N25.20 per share.

Guaranty Trust Bank trailed with a loss 95k to close at N29.90, while UACN 35k to close at N9 per cent.

Zenith Bank was down by 25k to close at N19.65, while SAHCO dipped by 15k to close at N2.87 per share.

On the other hand, Caverton led the gainers’ table, gaining 24k to close at N2.74 per share.

United Capital followed with 8k to close at N2.94, while UPL gained 5k to close at N1.25 per share.

Livestock also garnered 5k to close at 70k, while Law Union and Rock increased by 5k to close at N1.15 per share. (NAN)

The Nigerian Stock Exchange (NSE) has emerged the second largest Exchange Traded Fund (ETF) market in Africa with current market capitalisation of N6.9 billion.

Mr Oscar Onyema, NSE Chief Executive Officer, stated this on Friday at the Smart Investment Workshop themed, “ Using Exchange Traded Funds (ETFs) as a Proxy for Investing in Nigerian Equities” in Lagos.

ETFs are securities that closely resemble index funds, but can be bought and sold during the day just like common stocks.

These investment vehicles allow investors a convenient way to purchase a broad basket of securities in a single transaction.

Onyema said from a single ETF tracking the price of Gold in 2011, the market has deepened with 10 ETFs currently offering exposure to equities, fixed income, commodities and thematic and smart investment solutions.

He noted that the ETFs market segment was radically reshaping the asset-management industry.

“With the market witnessing low yields, we have seen an increasing appetite for equities, and ETFs present investors with an alternative channel to maximise investment and minimise the risk that comes with investing in equities.

“Consequently, NSE is resolute in its goal to collaborate with market stakeholders to not only increase listed ETFs, but also provide the necessary sensitisation and capacity building that will boost activity in the market,” Onyema said.

He stated that the exchange has identified the ETFs segment as a viable investment option for investors with the growing demand for cost-effective, low-risk, diversified and income generating investment instruments.

Onyema said that the workshop was in line with the exchange’s commitments to deepen capital market activity through innovative and value-driven products and services, as well as provide opportunities for in-depth investor education.

He added that the workshop was hosted in partnership with Meristem Wealth Management Limited.

In his presentation at the workshop, Head, Asset Management, Meristem Wealth Management, Mr Taiwo Yusuf, noted that ETFs were inherently designed to give investors access to a wide range of viable assets.

“By investing in ETFs, investors are free from the rigors that come with trading in equities including: stock valuation, screening, selection and liquidity risk,” Yusuf said.

This, according to him, makes ETFs more cost-effective investment solution.

“ETFs serve as a bespoke product for investors who want to add a tinge of innovation to their investment portfolios,”he added. (NAN)

The Nigerian Stock Exchange (NSE) closed trading on Thursday on a positive note, halting eight trading sessions of bearish trend.

This followed buying sentiments in the banking, insurance and oil & gas sectors.

Specifically, the All-Share Index (ASI) improved by 46.65 points or 0.17 per cent to close at 28,140.41 against 28,093.76 achieved on Wednesday.

In the same vein, the market capitalisation inched N27 billion or 0.19 per cent to close at N14.497 trillion in contrast with N14.470 trillion on Wednesday.

The variation in percentage posted by ASI and market capitalisation was due to the listing of additional 2.26 billion ordinary shares of Abbey Mortgage Bank, offered by way of placement.

The upturn was largely boosted by capital appreciation recorded in the shares of mid and large capitalised stocks, namely: Guaranty Trust Bank, Zenith Bank, Access Bank, UACN and Ecobank Transnational Incorporated.

In spite of the market uptrend, analysts at Afrinvest Limited expected the bearish sentiment to persist for the rest of the week.

However, they noted that there were opportunities for bargain hunting.

Market breadth closed positive with 20 stocks gainers and 15 laggards.

Law Union and Rock Insurance led the gainers’ chart in percentage terms, with 9.78 per cent to close at N1.01 per share.

Wema Bank came second with a gain 7.58 per cent to close at 71k, while NAHCO appreciated by 7.31 per cent to close at N2.79 per share.

FCMB Group improved by 5.41 per cent to close at N1.95, while Fidelity Bank appreciated by 5.34 per cent to close at N2.17 per share.

Conversely, Skyway Aviation Handling Company led the losers’ chart in percentage terms with a loss of 9.88 per cent to close at N3.74 per share.

C& I Leasing followed with a decline of 9.77 per cent to close at N6, while Daar Communications dropped 8.33 to close at 33k per share.

Africa Prudential lost 5.33 per cent to close at N4.26, while Lasaco Assurance dipped 3.85 per cent to close at 25k per share.

However, the total volume of shares traded decreased by 9.4 per cent as investors bought and sold 317.19 million shares worth N3.43 billion in 4,340 deals.

This was against a turnover of 350.21 million shares valued at N4.28 billion achieved in 4,729 deals on Wednesday.

FBN Holdings topped the activity chart with 57.28 million shares valued at N345.56 million.

FCMB Group trailed with 43.23 million shares worth N84.17 million, while Zenith Bank accounted for 34.29 million shares valued at N705.54 million.

United Bank for Africa sold 24.08 million shares worth N192.997 million, while Nigerian Breweries transacted 22.73 million shares valued at N1.17 billion. (NAN)

In spite of an influx of unaudited 2019 full year results, trading on the nation’s bourse opened for February on a bearish posture, as investors’ sentiment remained weak.

Consequently, the NSE All-Share Index on Monday lost 310.13 points or 1.08 per cent to close at 28,533.40 against 28,843.53 recorded on Friday due to sell-off of tier one banking stocks.

Also, the Year-to-Date return moderated to 6.30 per cent.

In the same vein, the market capitalisation, which opened at N14.857 trillion, shed N160 billion or 1.08 per cent to close at N14.697 trillion.

A breakdown of the price movement chart shows that Forte Oil recorded the highest loss to lead the losers’ chart, dropping by N2.05 to close at N18.55 per share.

Julius Berger trailed with a loss of N1.30 to close at N21.20, while Cadbury was down by N1.05 to close at N9.70 per share.

Zenith Bank lost 95k to close at N19.90, while Access Bank was down by 80k to close at N9.10 per share.

Conversely, UDPC Real Estate Investment Trust (REIT) led the gainers’ table, growing by 25k to close at N3.35 per share.

Union Bank of Nigeria followed with 10k to close at N3.35, while Honey Well gained 9k to close at N1.06 per share.

Law Union and Rock appreciated by 7k to close at 77k, while UACN added 7k to close at N8.95 per share.

Zenith Bank dominated the activity chart having accounted for 47.52 million shares valued at N952.85 million.

Guaranty Trust Bank followed with an account of 35.82 million shares worth N1.06 billion, while FCMB Group traded 23.82 million shares valued at N42.72 million.

United Bank for Africa sold 18.50 million shares worth N139.72 million, while FBN Holdings traded 10.49 million shares valued at N100.38 million.

However, the volume of shares traded dipped by 27.83 per cent as investors traded 251.59 million shares worth N3.15 billion in 4,752 deals.

This was against 348.61 million shares valued at N4.21 billion achieved in 4, 610 deals on Friday. (NAN)

The All-Share Index of the Nigerian Stock Exchange (NSE) on Friday closed trading for the month of January below 29,000 mark following the dominance of the bears.

Specifically, the index on Friday dipped 187.40 points or 0.65 per cent to close at 28,843.53 compared with 29,030.93 recorded on Thursday.

Similarly, the market capitalisation of listed equities dropped to N14.857 trillion, from N14.953 trillion on Thursday, indicating a loss of N96 billion.

An analysis of the price movement indicates that Stanbic IBTC recorded the highest loss to lead the laggards’ table, dropping by N3.25 to close at N28.25 per share.

CAP trailed with a loss of N2.50 to close at N25, while Presco was down by N2.40 to close at N49.85 per share.

Guaranty Trust Bank dropped by N1 to close at N30, while PZ Cusson shed 55k to close at N5.10 per share.

On the other hand, BUA Cement led the gainers’ table, growing by 25k to close at N37 per share.

Access Bank also gained 25k to close at N9.90,while Oando improved by 10k to close at N3.70 per share.

Jaiz Bank increased by 6k to close at 72k, while Champion Breweries also added 6k to close at 97k per share.

However, the volume of shares transacted inched 27.02 per cent as investors bought and sold 348.61 million shares valued at N4.21 billion in 4,610 deals.

This was against a total of 274.47 million worth N9.09 billion achieved in 4,411 deals on Thursday.

Zenith Bank was the most active stock, trading 47.42 million shares valued at N994.64 million.

Unilever followed with an account of 44.11 million shares worth N661.63 million, while United Bank for Africa traded 26.30 million shares valued at N790.17 million.

Access Bank sold 23.94 million shares worth N226.20 million. (NAN)