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NGX: Market Slides, sheds N2bn; Naira Slumps, exchanges N445.83 to Dollar 

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Naira Depreciates Further to N456.50 to Dollar 

…Honeywell Flour Mill, RT Briscoe lead Losers’ Chart*** 

Key performance indicators of the Nigerian Exchange Ltd. (NGX) declined marginally on Thursday as market capitalisation which open with N25.959 trillion, lost N2 billion or 0.01 percent to close at N25.957 trillion.

Also, the All-Share Index (ASI) closed lower by 3.4 points or 0.01 percent to settle at 47,656.64 points compared with 47,660.04 recorded on Wednesday.

Consequently, the year-to-date (YTD) return stood at 11.57 percent.

Sell-offs in MTN Nigeria Stock led to a downturn in the performance of the market.

However, market sentiment, as measured by market breadth, was positive, as 11 stocks gained relative to nine losers.

UPDC Real Estate Investment Trust recorded the highest price gain of 9.09 percent to close at N3 per share.

McNichols followed with a gain of 8.93 percent to close at 61k, while Japual Gold and Ventures appreciated by 7.41 percent to close at 29k per share.

Nigerian Breweries went up by 7.14 percent to close at 45k per share.

Also, Royal Exchange Assurance rose by 4.76 percent to close at 66k per share.

On the other hand, Honeywell Flour Mill led the losers’ chart by 7.89 percent to close at N2.10, RT Briscoe followed with a decline of 7.41 percent to close at 25k and Wema Bank shed 5.45 percent to close at N3.12 per share.

FCMB Group lost 4.18 percent to close at N3.21, while Cutix Plc shed 3.46 percent to close at N2.5 per share.

Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 115.63 percent.

A total of 172.90 million shares valued at N2.84 billion were exchanged in 3,073 

In another development, the Naira on Thursday exchanged at 445.83 to the dollar at the Investors and Exporters window, a depreciation of 0.12 percent, compared with the 445.30 it exchanged on Wednesday.

The open indicative rate closed at N444.60 to the dollar on Thursday.

An exchange rate of N447 to the dollar was the highest rate recorded within the day’s trading before it settled at N445.83.

The Naira sold for as low as 422 to the dollar within the day’s trading.

A total of N99.50 million was traded at the official Investors and Exporters window on Thursday

Banking & Finance

NGX Maintains Upward trend by N142bn; Guinness Nigeria, Ardova lead Losers’ Chart

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NGX Maintains Upward trend by N142bn; Guinness Nigeria, Ardova lead Losers’ Chart

The Nigeria Exchange Ltd. (NGX) on Wednesday gained N142 billion or 0.49 percent as market capitalisation went up to N29.139 trillion from N28.997 trillion on Tuesday.

Also, the All-Share Index (ASI) rose by 261.01 points or 0.49 percent to 53,499.68 points from the 53,238.67 recorded on Tuesday.

Consequently, the Year-to-Date (YTD) return rose to 4.39 percent

The positive performance was impacted by gains recorded in medium and large capitalised stocks, amongst which are: NAHCO, NNFM, Nigerian Exchange Group, IMG and Geregu.

Market breadth closed flat as 14 stocks recorded gains relative to 14 losers.

Seplat and Industrial & Medical Glasses (IMG) recorded the highest gain of 10 percent each to close at N1,210 and N7.70, respectively.

Northern Nigeria Flour Mills followed by 9.46 percent to close at N8.10 per share.

International Energy Insurance rise with a gain of 9.33 percent to close at 82k, while Nigerian Aviation Handling Company garnered 9.26 per cent to close at 37k per share.

On the other hand, Guinness Nigeria led the losers’ chart by 10 percent, to close at N63 per share.

Ardova followed with a decline of 9.95 percent to close at N17.20 per share.

Also, Academy Press dropped by 9.85 percent to close at N1.19, while RT Briscoe declined by 9.68 percent to close at 28k per share.

Cornerstone Insurance declined by 8.33 percent to close at 55k per share.

However, the total volume traded increased by 30 percent to 200.37 million shares, worth N5.52 billion, and traded in 3,716 deals.

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Banking & Finance

NGX: Market Capitalisation up by N44bn, NCR Nigeria, Chams top losers’ chart

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NGX Maintains Upward trend by N142bn; Guinness Nigeria, Ardova lead Losers’ Chart

The market capitalisation on Tuesday was up by N44 billion or 0.15 percent to close at N28.997 trillion from N28.953 trillion reported on Monday.

In the same vein, the All-Share Index appreciated by 80.84 points or 0.15 percent to close at 53,238.67 from 53,157.83 recorded on Monday.

Veritas Kapital, LivingTrust Mortgage Bank and Geregu Power led the gainers’ table in percentage terms, gaining 10 percent each to close at 22k, N1.98 and N193.60, per share, respectively.

John Holt Plc followed with 9.92 percent to close at N1.33, while SCOA gained 9.78 percent to close at N1.01 per share.

Conversely, NCR Nigeria and Chams topped the losers’ chart in percentage terms, dropping by 10 percent each to N3.24 and 27k per share, respectively.

Unity Bank trailed with loss of 9.09 percent to close at N50, while Royal Exchange dipped 8.97 percent to close at 71k per share.

Japaul Gold & Ventures was down by 8.33 percent to close at 33k per share.

 The NGX  however moved a total of 250.19 million shares worth N5.88 billion in 4,328 deals.

This was against a turnover of 201.36 million shares valued at N5.67 billion exchanged in 4,332 deals on Monday, a decrease of 3.7 percent.

Universal Insurance Company was the most active stock during the day, exchanging 48.55 million shares valued at N9.71 million.

Guaranty Trust Holding Company (GTCO) followed with an account of 14.16 million shares valued at N353.77 million, while Zenith Bank traded 12.52 million shares worth N315.02 million.

Access Bank Holdings sold 11.57 million shares valued at N104.88 million, while Unity Bank traded 10.88 million shares worth N5.48 million.

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Banking & Finance

Equity Market Gains N272bn, as Wapic Assurance, Tripple Gee lead Losers’ Table

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Equity Market Gains N272bn, as Wapic Assurance, Tripple Gee lead Losers’ Table

The nation’s bourse rebounded on Monday with market capitalisation gaining N272 billion or 0.95 percent to close at N28.953 trillion as against N28.681 trillion recorded on Friday.

Also, the All-Share Index (ASI) gained 499.95 points or 0.95 percent to settle at 53,157.83 as against 52,657.88 recorded on Friday.

The positive performance was driven by stocks of Zenith Bank, Airtel Africa and Wapco.

As a result, the year-to-date (YTD) return declined to 3.72 percent.

Market breadth closed positive as 28 stocks advanced, while 15 others declined.

A breakdown of price movement showed that John Holt and Geregu Power topped the gainers’ table with a gain of 10 percent each to close at N1.21 and N176 per share, respectively.

Nigerian Aviation Handling Company trailed with a gain of 9.62 percent to close at N8.55, while International Energy Insurance rose by 9.52 percent to close at 69k per share.

Mayer& Baker Nigeria was up by 8.26 percent to close at N4.85 per share.

Conversely, Wapic Assurance led the losers’ table, dropping by 8.89 percent to close at 41k per share.

Tripple Gee followed with a loss of 8.57 percent to close at 96k per share.

Royal Exchange decreased by 7.14 percent to close at 78k, while  Honeywell Flour Mills fell by 6.44 percent to close at N2.18 per share.

UPDC dropped by 5.94 percent to close at 95k per share.

Analysis of the market activities showed trade turnover settled higher relative to the previous session, with the value of transactions up by 141.78 percent.

A total of 201.36 million shares valued at N5.67 billion were exchanged in 4,332 deals.

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