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STOCK MARKET

MTN Nigeria, GTBank drop amid profit-taking

Market breadth closed negative as BOCGAS led 26 Gainers as against 38 Losers topped by FCMB at the end of today’s session.

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Nigerian bourse ended the last trading session on a bearish note. The All Share Index dropped by, 0.86% to close at 35,037.46  points as against the +6.23% gain recorded yesterday.

  • Nigerian Stock Exchange capitalization presently stands at N18.3 Trillion. The year to date while the Year-to-Date (YTD) returns stood at +27.72%.
  • Nigerian Stock Exchange trading turnover spiked up by +4.27% as against the +39.00% uptick recorded on Thursday.
  • TRANSCORP , ZENITHBANK, and ACCESS were the most active to boost market turnover.
  • Market breadth closed negative as BOCGAS led 26 Gainers as against 38 Losers topped by FCMB at the end of today’s session – an unimproved performance when compared with the previous outlook.

Top gainers

  1. AIRTELAFRI up 9.99% to close at N489.9
  2. FIDSON up 9.93% to close at N5.98
  3. PZ up 9.52% to close at N5.75
  4. BUACEMENT up 1.66% to close at N52
  5. DANGSUGAR up 3.98% to close at N22.2

Top Losers

  1. ARDOVA down 9.76% to close at N14.8
  2. GUINNESS down 8.64% to close at N20.1
  3. GUARANTY down 4.71% to close at N36.4
  4. MTNN down 4.32% to close at N155
  5. ZENITHBANK down 3.55% to close at N27.15

Outlook

Today’s Stock Bears spoilt Nigeria’s Stock bulls party at the last trading session amid falling crude oil prices prevailing at the commodities market.
Selling pressure from top blue-chip stocks like MTN Nigeria, GTBank, Zenith Bank neutralized impressive gains seen in Airtel Africa amid high market liquidity.

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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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