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NGX: Investors Lose N267bn, As FTN Cocoa, Caverton Lead Gainers Table

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NGX: Investors Lose N267bn, As FTN Cocoa, Caverton Lead Gainers Table

The stock market, on Thursday, reversed some gains from its previous sessions, indicating a loss of N267 billion from the portfolios of investors.

Selloffs in MTN Nigeria, Oando Plc, United Bank For Africa (UBA), Fidelity Bank, and FCMB Group, alongside Cadbury and United Capital, amongst other declined stocks, drove the market to a negative terrain.

Specifically, the market capitalisation closed at N56.615 trillion, having lost N267 billion or 0.47 per cent from an opening of N56.882 trillion.

The All-Share Index also declined by 0.47 per cent or 464 points to settle at 98,523.56 points, against 98,987.42 points reported on Wednesday.

Consequently, the Year-To-Date return fell by 31.76 per cent.

However, the market breadth closed positive with 29 gainers and 26 losers.

On the gainers’ log, FTN Cocoa led 28 other advanced stocks by 9.82 per cent to close at N1.79 per share.

Also, Caverton led 25 other declined stocks on the losers’ log by 9.83 per cent to close at N2.97 per share.

Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 47.44 per cent.

A total of 344.36 million shares valued at N6.61 billion were exchanged in 9,005 deals, compared to 603.31 million shares valued at N12.58 billion, traded in 9,723 deals posted in the previous session.

Meanwhile, UBA led the activity chart in volume and value with 29.18 million shares worth N756.09 million. 

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Banking & Finance

NGX Sustains Bearish Sentiment, Sheds N57bn

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NGX Sustains Bearish Sentiment, Sheds N57bn

...EllahLakes, C&I Leasing lead the losers’ table 

On Wednesday, the stock market continued its bearish trend, with an N57 billion loss from investors’ portfolios.

Selloffs in Tier-one banking stocks, including Zenith Bank, FBN Holdings, United Bank for Africa (UBA), Access Corporation, and Fidelity Bank, among others, drove the market into negative territory.

Specifically, the market capitalisation fell by N57 billion, or 0.10 per cent, from N56.076 trillion to N56.019 trillion.

Similarly, the All-Share Index dropped by 0.10 per cent, losing 98 points to close at 97,487.14 points, compared to 97,584.81 points recorded on Tuesday.

As a result, the Year-To-Date (YTD) return decreased to 30.38 per cent.

The market breadth also closed negative, with 38 losers and 15 gainers.

EllahLakes led the losers’ table by 48k to close at N4.40, ABC Transport trailed by 13k to close at N1.22 and Eterna dropped N2.30 to close at N24.70 per share.

C&I Leasing lost 34k to close at N3.71 and Livestock Feed went down by 30k to close at N3.44 per share.

Conversely, Lasaco Assurance led the gainers’ table by 23k to close at N2.53, Mecure followed by 80k to close at N9.25, and Julius Berger gained N14 to close at N164 per share.

Regency Alliance Insurance also added 5k to close at 60k, while Gold Breweries advanced by 25k to close at N3.40 per share.

Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 16.65 per cent.

A total of 356.13 million shares valued at N6.95 billion were exchanged in 8,582 deals,in contrast to 719.11 million shares valued at N8.34 billion traded in 9,435 deals, posted previously.

Meanwhile, Fidelity Bank led the activity chart in volume with 66.24 million shares valued at N988.10 million, and UBA followed with 38.04 million shares worth N1.03 billion, to lead the chart in value.

Sterling Nigeria sold 33.79 million shares valued at N179.59 million, Nigerian Breweries traded 14.56 million shares worth N435.65 million and Oando Plc transacted 13.12 million shares worth N934.24 million.

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Banking & Finance

BOI To Disburse N1bn Single-digit Interest Loan To 140 Manufacturers

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The Bank of Industry (BOI) has announced plans to disburse loans of up to N1 billion to 140 manufacturing companies across Nigeria under the Federal Government’s N75 billion Manufacturing Sector Fund.

BOI Managing Director, Olasupo Olusi, made this disclosure at the bank’s inaugural annual public lecture series on Wednesday in Abuja.

He explained that the loan aimed to foster production, ensure economic growth, and boost job creation. 

“About 140 manufacturing companies will receive loans of up to N1 billion at single-digit interest rates.

“The funds under this programme have been fully allocated to successful applicants across the six geopolitical zones of the country, and disbursements have commenced.

“For transparency, the programme is working with the Manufacturers Association of Nigeria (MAN) to ensure all beneficiaries are genuine manufacturers, providing additional validation of loan applicants.”

Olusi stated that by offering low-interest loans, BOI aims to boost production, enhance job creation, and promote sustainable growth in the manufacturing industry.

According to the BOI boss, the Bank has disbursed N77.65 billion in loans to almost 1,000 MSMEs across various sectors in the country.

He noted that these interventions align with the Federal Government’s efforts to alleviate poverty and enhance food security by supporting enterprises that drive economic growth and create jobs.

Olusi restated the inauguration of the BOI PriceSense NG platform, a price intelligence dashboard providing real-time data on price trends across Nigeria.

“The platform aims to stabilise markets, protect consumers, and inform policy decisions related to food insecurity.

“We are unveiling the BOI PriceSense NG, a price intelligence dashboard and mobile app for real-time monitoring of price variations of food commodities nationwide.

“These initiatives demonstrate our commitment to impactful research, innovative solutions, and transparency in all endeavours,” Olusi said.

Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, reaffirmed the government’s commitment to drive economic growth through MSMEs, pledging improved access to financing, innovation, and policy support.

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Banking & Finance

NGX: Market Cap Gains N248bn, Daar Communications, PZ Lead Losers’ Table

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NGX: Market Cap Gains N248bn, Daar Communications, PZ Lead Losers' Table

The Nigerian Exchange Ltd. (NGX) market capitalisation, on Friday, closed positive with a N248 billion gain.

Specifically, the market capitalisation added N248 billion or 0.44 per cent to its opening of N55.754 trillion to close at N56.002 trillion.

The All-Share Index also gained 0.44 per cent or 432 points to close at 97,456.62 points, against 97,025.17 points reported on Thursday.

As a result, the  Year-To-Date(YTD) return increased by 30.34 per cent.

Investors’ interest in Guaranty Trust Holding Company (GTCO), Zenith Bank, FBN Holdings, Access Corporation, Fidelity Bank, as well as Transnational Corporation, and Nigerian Breweries, among other advanced stocks, lifted the market.

The market breadth also closed positive with 33 gainers outnumbering 20 losers on the floor of the Exchange.

Flour Mill led the gainers’ chart by 9.99 per cent to close at N54.50, and Caverton followed by 9.96 per cent to close at N2.54 per share.

Ecobank Transnational Incorporated gained 9.95 per cent to close at N23.75, RT Briscoe advanced by 9.94 per cent to close at N3.65 and UPDC went up by 9.88 per cent to close at N1.78 per share.

Conversely, Daar Communications led the losers’ chart by 9.72 per cent to close at 65k, Deap Capital Management and Trust Plc trailed by 8.82 per cent to close at 93k per share.

PZ also lost 8.48 per cent to close at N15.65, Custodian dropped 8.45 per cent to close at N13, while McNichols decreased by 8.44 per cent to close at N1.41 per share.

Analysis of the market activities showed trade turnover settled lower relative to the previous session, with the value of transactions down by 18.90 per cent.

A total of 412.90 million shares valued at N6.47 billion were exchanged in 8,803 deals, in contrast to 390.55 million shares valued at N7.97 billion traded in 9,615 deals posted in the previous session.

Meanwhile, Japaul Gold led the activity chart in volume with 105.65 million shares, while FBN Holdings led in value of deals worth N1.24 billion.

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