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Tag: Nigerian Stock Exchange (NSE)

  • BUA Cement listing: NSE market capitalisation hits N15.164trn

    BUA Cement listing: NSE market capitalisation hits N15.164trn

    The Nigerian Stock Exchange (NSE) market capitalisation on Thursday hits N15.164 trillion following the listing of BUA Cement Plc’s shares.

    The exchange admitted BUA Cement’s 33.86 billion Ordinary Shares of 50k each N35 per share on its daily official list.

    The listing added a total of N1.18 trillion to the NSE market capitalisation making BUA Cement the third largest company on the bourse.

    Consequently, the market capitalisation inched N1.38 trillion to close at N15.164 trillion against N13.787 trillion achieved on Wednesday.

    The exchange has maintained a bullish run since the beginning of 2020 due to investors enhanced interest in value stock ahead of 2019 financials.

    Also, the All-Share Index increased by 833.09 points or 2.92 per cent to close at 29,395.57 against 28,562.48 on Wednesday.

    The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are: Dangote Cement, MTN Nigeria, Presco, Guaranty Trust Bank and Lafarge Africa.

    Analysts at Afrinvest Ltd., restated that “Following the recent trend in the market, we maintain our bullish outlook on the market this week.”

    Market breadth closed positive with 22 gainers and 21 losers.

    Champion Breweries and Sovereign Trust Insurance topped the gainers’ chart in percentage terms, growing by 10 per cent each to close at 99k and 22k per share respectively.

    Presco trailed with a gain 9.71 per cent to close at N57.05 per share.

    Wapic Insurance improved by 8.57per cent to close at 38k, while Consolidated Hallmark Insurance appreciated by 7.69 per cent to close at 42k per share.

    Conversely, Unity Bank led the losers’ chart in percentage terms, dropping by 10 per cent to close at 72k per share.

    UPDC Real Estate Investment Trust (UPDCREIT) and Union Dicon Salt followed with a decline of 9.88 per cent each to close at N3.65 and N10.95 per share, respectively.

    Cornerstone Insurance dipped 8.70 per cent to close at 63k, while DN Meyer shed 8.41 per cent to close at 50k per share.

    However, the total volume traded decreased by 6.56 per cent with a total of 693.19 million shares worth N7.45 billion traded in 6,634 deals.

    This was in contrast with a turnover of 741.82 million shares valued at N9.22 billion in 7,622 deals on Wednesday.

    Transactions in the shares of Wapic Insurance topped the activity chart with 190.10 million shares worth N68.48 million.

    Transcorp sold 82.82 million shares valued at N89.81 million, while Zenith Bank traded 80.78 million shares worth N1.77 billion.

    FBN Holdings accounted for 41.62 million shares valued at N315.60 million, while United Bank for Africa transacted 39.73 million shares worth N336.99 million. (NAN)

  • NSE market capitalisation gains N417bn, amid increased positive sentiments

    NSE market capitalisation gains N417bn, amid increased positive sentiments

    The nation’s bourse on Wednesday extended positive sentiment with the market capitalisation appreciating by N471 billion in a day.

    Specifically, the market capitalisation which opened at N13.316 trillion inched N471 billion or 3.54 per cent to close at N13.787 trillion.

    Consequently, the Year-to-Date gains expanded to 6.41 per cent.

    Similarly, the All-Share Index (ASI) rose 975.55 points, representing a growth of 3.54 per cent to close at 28,562.48 compared with 27,586.93 on Tuesday.

    Market analysts attributed the early-year rally at the nation’s premier securities exchange to higher oil prices and the Central Bank of Nigeria crushing rates on Treasury Bills.

    It would be recalled that oil prices opened much higher after Iran’s strikes on US-Iraqi bases. But they are now below 70 dollars per barrel again.

    They said the trend may be sustained as many companies listed on the Nigerian Stock Exchange (NSE) prepared to release their full year financials from February.

    The market analysts noted that the earnings may increase the positive look of the market with more investors buying into value stocks with history of good dividend payments and capital appreciation.

    Also, analysts at Afrinvest Limited stated that “Following the recent trend in the market, we maintain our bullish outlook on the market this week.”

    Market breadth closed positive with 37 gainers and 11 losers.

    FBN Holdings and Union Diagnostic led the gainers’ chart in percentage terms, growing by 10 per cent each to close at N7.70 and 22k per share, respectively.

    Julius Berger came second with a gain of 9.80 per cent to close at N21.85 per share.

    Conoil grew by 9.74 per cent to close at N20.85, while Cornerstone Insurance appreciated by 9.52 per cent, to close at 69k per share.

    Conversely, Tripple Gee led the losers’ chart by 9.38 per cent to close at 58k per share.

    UPDC Real Estate Investment Trust (UPDCREIT) followed with a decline of 8.99 per cent to close at N4.05, while Thomas Wyatt Nigeria went down by 7.89 to close at 35k per share.

    UACN Property Development Company dipped 7.41 per cent to close at N1, while Champion Breweries shed 5.26 per cent to close at 90k per share.

    Also, the total volume of shares sold rose by 66.19 per cent as investors bought and sold 741.82 million shares worth N9.22 billion traded in 7,622 deals.

    This was against a total of 446.38 million shares valued at N5.82 billion exchanged in 5,727 deals on Tuesday.

    Transactions in the shares of United Bank for Africa (UBA) topped the activity chart with 156.01 million shares worth N1.40 billion.

    Zenith Bank followed with 86.06 million shares valued at N1.89 billion, while Access Bank accounted for 82.44 million shares worth N963.67 million.

    FBN Holdings sold 69.4 million shares valued at N524.56 million, while Transcorp transacted 62.88 million shares worth N67.61 million. (NAN)

  • 2019 Earnings Expectation: NSE Market Indices sustain positive growth

    2019 Earnings Expectation: NSE Market Indices sustain positive growth

    Transactions on the Nigerian Stock Exchange (NSE) for the second trading day maintained an uptrend with the market indicators growing further by 0.90 per cent.

    The growth posted on Tuesday was due to price appreciation in Dangote Cement, Zenith Bank and Access Bank.

    Consequently, the All-Share Index rose by 247.25 pojnts or 0.90 per cent to close at 27,586.93 compared with 27,339.68 recorded on Monday.

    Also, the market capitalisation which opened at N13.199 trillion inched N117 billion to close at N13.316 trillion.

    The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Dangote Cement, Zenith Bank, Presco, Nascon and PZ Cussons Nigeria.

    Analysts at Afrinvest Limited said, “Following the recent trend in the market, we maintained our bullish outlook on the market this week.”

    Mr Ambrose Omordion, the Chief Operating Officer, InvestData Ltd. attributed the development to repositioning of portfolios by institutional investors and fund managers ahead of 2019 full-year earnings.

    Omordion said that local institutional investors and fund managers were settling down to reposition their portfolios ahead of the 2019 full-year earnings reporting season, in expectation of positive economic performance.

    He said that the crashing rates in the money market and fixed income instruments contributed to the bullish trend.

    Market breadth closed positive with 26 stocks gainers and 20 decliners.

    Fidson and PZ Cussons led the gainers’ chart in percentage terms, growing by 9.80 per cent each, to close at N2.80 and N5.60 per share respectively.

    Unity Bank followed with a gain 9.59 per cent to close at 80k per share.

    Consolidated Hallmark Insurance grew by 9.09 per cent to close at 36k, while Cornerstone Insurance appreciated by 8.62 per cent to close at 63k per share.

    On the other hand, NCR led the losers’ chart in percentage terms, dropping by 10 per cent to close at N4.05, per share.

    Livestock Feeds followed with a decline of eight per cent to close at 46k, while Courteville dipped 7.69 to close at 24k per share.

    Forte Oil lost 6.11 per cent to close at N16.90, while Jaiz Bank shed 4.41 per cent to close at 65k per share.

    However, the total volume traded decreased by 14.23 per cent with a turnover of 446.38 million shares, worth N5.82 billion traded in 5,727 deals.

    This was in contrast with an exchange of 520.43 million shares worth N5.35 billion transacted in 5,784 deals on Monday.

    Transactions in the shares of United Bank for Africa (UBA) topped the activity chart with 86.78 million shares valued at N709.37 million.

    Zenith Bank came second with 73.21 million shares worth N1.51 billion, while FBN Holdings accounted for 34.72 million shares valued at N240.98 million.

    Access Bank sold 27.44 million shares worth N297.39 million, while FCMB Group traded 23.71 million shares valued at N48.898 million. (NAN)

  • NSE All-Share Index records 1.38% growth, amid buying interest in Dangote Cement

    NSE All-Share Index records 1.38% growth, amid buying interest in Dangote Cement

    Activities on the Nigerian Stock Exchange (NSE) reopened for the week on Monday on a bullish trend with the All-Share Index crossing 27,000 mark following buying interest in Dangote Cement.

    Speficially, the index which opened at 26,968.79 inched 370.89 points or 1.38 per cent to close at 27,339.68.

    Also, the market capitalisation rose by N180 billion to close at N13.199 trillion in contrast with N13.019 trillion on Friday.

    The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are Dangote Cement, Flour Mills of Nigeria, Nascon Allied Industries, Guaranty Trust Bank and Dangote Sugar.

    Analysts at Afrinvest Limited stated that “following the recent trend in the market, we expect the market to continue its gaining streak this week.”

    FCMB Group led the gainers’ chart in percentage terms, gaining of 10 per cent, to close at N2.09 per share.

    Cornerstone Insurance followed with a gain 9.43 per cent to close at 58k, while Unity Bank went up by 8.96 per cent to close at 73k per share.

    Wema Bank appreciated by 8.82 per cent to close at 74k, while Courteville increased by 8.33 per cent, to close at 26k per share.

    On the other hand, PZ Cussons Nigeria led the losers’ chart in percentage terms, dropping 9.73 per cent to close at N5.10 per share.

    Niger Insurance and Union Diagnostic & Clinical Services followed with a decline of 9.09 per cent each, to close at 20k respectively.

    Consolidated Hallmark Insurance went down by 8.33 to close at 33k per share.

    Fidson Healthcare dipped 5.56 per cent to close at N2.55, while Union Bank shed five per cent to close at N5.70 per share.

    The total volume traded declined by 14.52 per cent with an exchange of 520.43 million shares worth N5.35 billion traded in 5,784 deals.

    This was in contrast with a turnover of 608.86 million shares valued at N3.76 billion transacted in 6,071 deals on Friday.

    Transactions in the shares of Zenith Bank topped the activity chart with 97.11 million shares worth N1.91 billion.

    Universal Insurance followed with an exchange of 70 million shares worth N14 million, while United Bank for Africa traded 62.66 million shares valued at N497.65 million.

    FCMB Group sold 54.86 million shares worth N109.98 million, while FBN Holdings transacted 26.39 million shares worth N182.69 million.(NAN)

  • NSE index resumes 2020 with 0.10% growth, amid MTNN gain

    NSE index resumes 2020 with 0.10% growth, amid MTNN gain

    The Nigerian Stock Exchange (NSE) resumed trading for 2020 on a positive trend with the benchmark index appreciating by 0.10 per cent following investors’ interest in MTN Nigeria stock.

    Specifically, the All-Share Index which opened trading for the year on Thursday at 26,842.07 rose by 25.72 points or 0.10 per cent to close at 26,867.78.

    Also, the market capitalisation inched N12 billion or 0.10 per cent to close higher at N12.970 trillion against N12.958 trillion on Tuesday.

    Market sentiment, as measured by market breadth, was positive with 21 gainers compared with 13 losers.

    MTN Nigeria Communications led the gainers’ table for the day, appreciating by N4 to close at N109 per share.

    Dangote Sugar followed with a gain of 40k to close at N14, while FBN Holdings gained 35k to close at N6.50 per share.

    UACN added 30k to close at N8.90, while Vitafoam also increased by 30k to close at N4.70 per share.

    Conversely, Seplat recorded the highest loss for the day, shedding N65.70 to close at N592.10k per share.

    Lafarge Africa trailed with a loss of N1.60 to close at N13.80, while Unilever was down by N1.30 to close at N20.70 per share.

    Stanbic IBTC declined by N1 to close at N40, while Glaxo SmithKline decreased by 60k to close at N5.50 per share.

    FBNH was the most traded stock by volume at 60.27 million shares valued at N384 million.

    Access Bank followed with an account of 33.54 million shares worth N335.58 million, while Zenith Bank traded 30.91 million shares valued at N578.18
    million.

    United Bank for Africa exchanged 28.17 million shares worth N202.59 million, while Guaranty Trust Bank sold 18.89 million shares valued at N553.42 million.

    In all, investors bought and sold 264.10 million shares worth N5.23 billion in 3,178 deals.

    This was in contrast with a turnover of 1.05 billion valued at N5.49 billion achieved in 2,445 deals on Tuesday. (NAN)