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Stock Market Capitalisation Drops N18bn; Linkage, Hallmark Insurance Lead Losers’ Table

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Stock Market Capitalisation Drops N18bn; Linkage, Hallmark Insurance Lead Losers’ Table

 The local bourse ended the last trading of the week on a negative note as the performance indices declined by 0.06 per cent.

Specifically, the market capitalisation dropped by N18 billion or 0.06 per cent to close at N28.646 trillion as against N28.664 trillion posted in the previous session.

Also, the All-Share Index (ASI) fell by 31.74 points or 0.06 per cent to close at 52,594.68 compared to 52,626.42 recorded on Thursday.

The negative performance of the market was driven by selloffs in Nestle, Zenith Bank and Guaranty Trust Holding Company (GTCO).

Consequently, the year-to-date (YTD) return rose to 2.62 per cent.

Market breadth closed flat as 11 stocks advanced, while 11 others declined.

A breakdown of price movement showed that Abbey Mortgage Bank topped the gainers’ table with a gain of 9.8 per cent to close at N1.68 per share.

Prestige Insurance trailed with a gain of 9.25 per cent to close at 46k while International Energy Insurance rose by 8.89 per cent to close at 49k per share.

Cornerstone Insurance was up by 7.14 per cent to close at 60k, while Courteville Business Solutions increased by 3.57 per cent to close at 58k per share.

Conversely, Linkage Insurance led the losers’ table, dropping by 9.62 per cent to close at 47k per share.

Consolidated Hallmark Insurance with a loss of 7.35 per cent to close at 63k, while WAPIC Assurance declined by 3.23 per cent to close at 30k per share.

Dangote Sugar decreased by 2.58  per cent to close at N17, while Jaiz Bank fell by 2.22 per cent to close at 88k per share.

Analysis of the market activities showed trade turnover settled lower compared to the previous session, with the value of transactions down by 7.42 per cent.

A total of 443.75 million shares valued at N1.68 billion were exchanged in 3,100 deals.

Transactions in the shares of Veritas Kapital topped the activity chart with 347.05 million shares valued at N69.41 million.

Access Bank followed with 11.35 million shares worth N102.4 million, while Zenith Bank traded 6.99 million shares valued at N170.9 million.

Fidelity Bank traded 6.62 million shares valued at N33.13 billion, while Chams transacted 5.99 million shares worth N1.57 million.

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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