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Experts highlight market data as critical to navigating shocks in the Capital Market

Equities market recorded negative performance in the first quarter of the year, with the ASI posting a quarterly return of -20.65% in Q1’2020.

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Globally, there is an increasing reliance on market data as a fundamental tool for making sound financial decisions and the Nigerian case is no different.

This was highlighted at The Nigerian Stock Exchange (NSE or The Exchange) 5th Market Data Workshop 2020 hosted in collaboration with InfoWARE Limited.

The event, which held virtually on Friday, 13 November 2020, was themed, “Handling Shocks in the Capital Market: A Quantitative Risk Management Approach Using Market Data.”

Speaking at the event, the Chief Executive Officer, NSE, Mr. Oscar N. Onyema, said, “In Nigeria, the equities market recorded negative performance in the first quarter of the year, with the NSE All Share Index (“ASI”) posting a quarterly return of -20.65 percent in Q1’2020.

However, the market saw an upswing since April 2020, and has so far gained +31.67% as at 12 November. This feat – particularly during the COVID-19 pandemic – can be attributed to smart investors bargain hunting and the release of positive year-end financial results of several listed companies, coupled with improved dividend declarations.

It demonstrates the opportunities that abound in the market for discerning investors, even in a time of crisis, and underscores the importance of quality market data for investment decision-making.”

The first panel session of the event featured Felix Egbon, Group Head, Risk Management, Zenith Bank Plc; Tapa Das, Chief Executive Officer (CEO), NG Clearing Limited; Oladipupo Oyefuga, Head, Risk, Stanbic IBTC Bank; and Dr. Olaoluwa Simon Yaya, Sub Dean, Faculty of Science, University of Ibadan.

This panel session, which was moderated by Olufemi Balogun, Head, Market Services, NSE, highlighted the importance of building financial or investment models that can be tested with real-life situations. Panellists agreed that the unprecedented happenings of 2020 have proven that reliable real-time and historical data that can easily be understood is critical to building these models.

In addressing the topic, Adopting a Data Driven Culture: The Key to Innovation, the second panel session addressed changes in business operations occasioned by the COVID-19 pandemic and how the timeliness, accuracy and availability of data has been critical in shaping how they interact with stakeholders.

The panel session featured Uwa Agbonile, CEO and Chief Software Architect, Infoware Limited; Lilian Olubi, CEO, EFG-Hermes; Saheed Bashir, CEO, Meristem Stockbrokers Limited; Carl Larry, Principal Consultant, Oil Outlooks and Opinions LLC; and was moderated by Dr. Ogho Okiti, Managing Director, BusinessDay Media Limited.

During the workshop, Ms. Anita Gopaldas, Market Data Officer, Market Services, NSE, gave a presentation which highlighted The Exchange’s wide range of reliable, accurate and timely market information services and data solutions across all asset classes and data products to market participants locally and internationally.

Some of these provisions include the NSE API which ensures the dissemination of real-time data to stakeholders; FIX Order Management System which allows trade information to be transmitted from anywhere to The Exchange; and the recently upgraded X-DataPortal, which serves as a consolidated, streamlined platform for market participants to access quality and timely data at an affordable rate.

Other presentations at the workshop were delivered by Olufemi Balogun, Head, Market Services, NSE; Uwa Agbonile, CEO, Infoware Limited; and Benedict Whittam Smith, CEO, Deontic Data.

From their presentations, it was made clear that quality, accessible data is critical not only to dealing with the problems of today, but in mitigating the crises of the future.

Other sponsors of the 2020 NSE Market Data Workshop were Zenith Bank, EFG-Hermes, WCM Capital, Apel Asset Limited, Investor Hangout, Cordros Capital, CSL Stockbrokers, NG Clearing Limited and Meristem.

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STOCK MARKET

Nestle, others, drag NGX market capitalization down by N20.38 billion

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The NGX closed on a negative note to sustain the rally amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) depreciated by 9 basis points. The NGX ASI closed at 43,859.30 points, to reflect a decline of 0.09% from the previous trading day and a Year-to-Date (YTD) return of 2.68%. Meanwhile, the market capitalization decreased by N20.38 billion.

At the close of market on Tuesday 11th January 2022, the stock exchange market value currently stands at N23.63 trillion from N23.65 trillion in the previous trading day.

The market breadth closed negative as BUAFOODS led 17 gainers, and 26 Losers topped by MBENEFIT at the end of today’s session. The stock market has advanced 1,142.86 base points since the start of the year.

NGX ASI Top gainers

  • BUAFOODS up +10.00% to close at N64.35
  • ETERNA up +5.09% to close at N5.57
  • UBN up +4.63% to close at N5.65
  • WEMABANK up +3.57% to close at N0.87
  • OANDO up +2.83% to close at N4.73

NGX ASI Top losers

  • MBENEFIT down – 10.00% to close at N0.27
  • BERGER down – 9.94% to close at N7.70
  • UPDCREIT down – 8.14% to close at N3.95
  • NESTLE down – 7.81% to close at N1435
  • UNITYBNK down – 6.12% to close at N0.46

NGX ASI Top Traded by Volume

  • TRANSCORP – 58,356,986 units
  • BUAFOODS – 51,526,040 units
  • FBNH – 16,506,883 units
  • GTCO – 14,050,268 units
  • ACCESS – 13,337,434 units

NGX ASI Top Traded by Value

  • BUAFOODS – N3,315,699,168.00
  • SEPLAT – N596,916,173.50
  • STANBIC – N381,532,603.15
  • DANGCEM – N381,456,136.10
  • GTCO – N358,212,819.95

Market sentiments trend towards the bears with the market differential being in favour of the decliners as 17 gainers were surpassed by 26 losers.

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STOCK MARKET

Cement makers, Dangote and BUA Cement, start year on bearish note

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Cement makers, Dangote Cement Plc and BUA Cement Plc have resumed the year on a negative note amid positive market rally.

The decline recorded in the share price of both companies has weighed down the Industrial Index, which tracks the daily and weekly performance of quoted Industrial companies, depreciating by 2.41%, from 2067.58 points the previous day, to 2017.78 points, at the end of the trading session.

Two of the major quoted cement companies, Dangote Cement Plc and BUA Cement Plc, depreciated by 2.72% and 2.71% respectively.

Stock performance summary

Dangote Cement Plc

Dangote Cement Plc share price declined from N257.00 to N250.00, reflecting a decrease of 2.72% at the end of the day’s trading session.

The decrease in share price took the market capitalization down from N4.38 trillion to N4.26 trillion supporting a loss of N119 billion in market capitalization at the close of trading activities on the stock exchange.

The shares of the most capitalized company on The Exchange has declined by 2.72% from year-to-date, starting the year at N257.00 and currently traded at N250.00. However, the shares of the company have returned about 26.20% gains for investors who bought them at their 52-week low trading price of N198.10 per share.

BUA Cement Plc

BUA Cement Plc share price depreciated from N71.95 to N70.00, reflecting a decrease of 2.71% at the end of the day’s trading session.

The decrease in share prices of the cement producer took the market capitalization down from N2.44 trillion to N2.37 trillion bringing the decline to N66.04 billion in market capitalization at the close of trading activities on the Nigerian Stock Exchange.

The shares of BUA Cement Plc have advanced by 4.40% from year-to-date, starting the year at N67.05 and currently traded at N70.00. However, the shares of the company have returned about 14.38% gains for investors who bought them at their 52-week low trading price of N61.20 per share.

At the end of the day’s trading activities, the NGX All-Share Index and market capitalization appreciated by 1.00% from the previous trading day, to close at 43,476.75 index points and N23.43 trillion respectively.

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STOCK MARKET

Equity investors sustain positive rally as the NGX grows by N70.69 billion

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The NGX has continued to sustain the positive rally amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 30 basis points.

The NGX ASI closed at 43,607.94 points, to reflect a growth of 0.30% from the previous trading day and a Year-to-Date (YTD) return of 2.09%. Meanwhile, the market capitalization increased by N70.69 billion.

At the close of market on Thursday 6th January 2022, the stock exchange market value currently stands at N23.50 trillion from N23.43 trillion in the previous trading day. The market breadth closed positive as BUAFOODS led 24 gainers, and 13 losers topped by SUNUASS at the end of today’s session. The stock market has advanced 891.50 base points since the start of the year.

NGX ASI Top gainers

  • BUAFOODS up +10.00% to close at N48.40
  • ACADEMY up +9.09% to close at N0.60
  • MEYER up +8.70% to close at N0.50
  • REGALINS up +6.67% to close at N0.48
  • LIVESTOCK up +6.22% to close at N2.05

NGX ASI Top losers

  • SUNUASS down –9.76% to close at N0.37
  • NEM down – 7.78% to close at N4.15
  • FTNCOCOA down – 7.69% to close at N0.36
  • OANDO down – 5.15% to close at N4.60
  • UNILEVER down – 3.45% to close at N14.00

NGX ASI Top Traded by Volume

  • FBNH – 27,092,946 units
  • UBA – 22,026,842 units
  • TRANSCORP – 11,996,487 units
  • BUAFOODS – 11,289,437 units
  • ZENITH –10,267,378 units

NGX ASI Top Traded by Value

  • BUAFOODS – N544,692,788.80
  • FBNH – N307,295,893.00
  • ZENITHBANK – N260,603,050.05
  • UBA – N177,521,867.85
  • NGXGROUP – N134,255,689.40

Market sentiments trend towards the bulls with the market differential being in favour of the advancers as 24 gainers surpassed 13 losers.

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