Tag: RT Briscoe Nigeria

Equities Gain N142bn

by Janet Olushola

Starting the new month, the Nigerian equities extended the bullish run for the fourth consecutive session as the market gained N142 billion.

The All Share Index (ASI) rose by 261.01 absolute points, representing a gain of 0.49 per cent to close at 53,499.68 points. Accordingly, investors gained N142 billion in value as market capitalisation went up to N29.140 trillion.

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Seplat Energy, Nestle Nigeria, Geregu Power, Nigerian Exchange Group and Stanbic IBTC Holdings.

Analysts at GTI Securities Limited said that “we expect positive sentiment to be sustained as investors continue to pile into defensive and financial stocks.”

Market breadth closed flat with 20 gainers and 20 losers. Industrial and Medical Gas Nigeria and Seplat Energy recorded the highest price gain of 10 per cent each to close at N7.70 and N1,210.00 respectively, while Northern Nigeria Flour Mills (NNFM) followed with a gain 9.46 per cent to close at N8.10, per share.

International Energy Insurance went up by 9.33 per cent to close at 82 kobo, while Nigerian Aviation Handling Company (NAHCO) appreciated by 9.26 per cent to close at N8.85, per share.

On the other hand, Guinness Nigeria led the losers’ chart by 10 per cent to close at N63.00, per share. Ardova followed with a decline of 9.95 per cent to close at N17.20, while Academy Press went down by 9.85 to close at N1.19, per share. R.T. Briscoe Nigeria lost 9.68 per cent to close at 28 kobo, while Cornerstone Insurance shed 8.33 per cent to close at 55 kobo, per share.

However, the total volume traded decreased by 19.91 per cent to 200.368 million shares, worth N5.524 billion, and traded in 3,716 deals. Transactions in the shares of Universal Insurance topped the activity chart with 57.785 million shares valued at N11.557 million. Guaranty Trust Holding Company (GTCO) followed with 16.607 million shares worth N415.176 million, while United Bank for Africa (UBA) traded 11.152 million shares valued at N91.379 million.

Transnational Corporation of Nigeria (Transcorp) traded 8.798 million shares valued at N10.913 million, while Geregu Power transacted 8.482 million shares worth N1.634 billion.

February 2, 2023
Stock Market Extends Santa Claus Rally, Up N124bn

Opening the holiday-shortened week, today, Nigerian equities extended its nine-day winning streak as the capitalisation gained N124 billion.

The All Share Index (ASI) rose by 228.51 points, representing an increase of 0.46 per cent to close at 49,934.60 points. While the overall market capitalisation value gained N124 billion to close at N27.198 trillion.

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; Nestle Nigeria, Geregu Power, Presco, Guaranty Trust Holding Company (GTCO) and Dangote Sugar Refinery. This week, United Capital Plc anticipated market activity to slow significantly due to the holiday break.“

However, we expect bullish sentiments to continue. Also, portfolio rebalancing is another critical activity to continue to look out for from investors as the year rounds up,” United Capital said.

Market sentiment, as measured by market breadth was positive as 27 stocks gained, relative to six decliners. Champion Breweries and Cornerstone Insurance recorded the highest price gain of 10 per cent each to close at N5.17 and 55 kobo, while Geregu Power followed with a gain 9.96 per cent to close at N127.00, per share.

Wema Bank went up by 9.94 per cent to close at N3.54, while Thomas Wyatt Nigeria appreciated by 9.88 per cent to close at 89 kobo, per share. On the other hand, R.T. Briscoe Nigeria led the losers’ chart by 7.41 per cent to close at 25 kobo, per share. McNichols followed with a decline of 3.70 per cent to close at 52 kobo, while FTN Cocoa processors depreciated by 3.45 per cent to close at 28 kobo, per share.

Wapic Insurance declined by 2.44 per cent to close at 40 kobo, while Sterling Bank depreciated by 1.42 per cent to close at N1.39, per share.

The total volume of trades increased by 255.30 per cent to 498.728 million units, valued at N3.885 billion, and exchanged in 3,989 deals. Transactions in the shares of Veritas Kapital Assurance topped the activity chart with 348.545 million shares valued at N69.709 million. Access Holdings followed with 28.933 million shares worth N248.248 million, while GTCO traded 25.745 million shares valued at N587.592 million.

Geregu Power traded 8.684 million shares valued at N1.025 billion, while AIICO Insurance transacted 8.289 million shares worth N4.618 million.

December 28, 2022
Stock Market Maintains Bull Run Amidst Hike In MPR

For the third consecutive session, the domestic stock market yesterday maintained the bull run bringing the benchmark index up by 0.60 per cent.

Meanwhile, at the end of yesterday’s Monetary Policy Committee (MPC) meeting, members voted to increase MPR by 100bps to 16.50 per cent. This is a 500 basis points increase so far in 2022 in four meetings and stands at a historic high. Also, it retained the Asymmetric Corridor at +100bps / -700bps around the MPR; CRR at 32.50 per cent; and the Liquidity Ratio at 30 per cent.

The All Share Index (ASI) rose by 266.37 absolute points, representing a gain of 0.60 per cent to close at 44,929.33 points. Accordingly, investors gained N145 billion in value as market capitalisation went up to N24.471 trillion.

The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are; MTN Nigeria Communication (MTNN), Lafarge Africa, Guaranty Trust Holding Company (GTCO), BUA Foods and UAC of Nigeria (UACN).

The market breadth closed positive as 27 stocks posted gains while seven stocks posted declines. UPDC Real Estate Investment Trust (UPDCREIT) recorded the highest price gain of 10 per cent to close at N2.75, per share. International Breweries followed with a gain 9.41 per cent to close at N4.65, while Sovereign Trust Insurance went up by 8.33 per cent to close at 26 kobo, per share.

Fidson Healthcare went up by 6.99 per cent to close at N8.72, while UACN appreciated by 6.74 per cent to close at N9.50, per share. On the other hand, R.T. Briscoe Nigeria led the losers’ chart by 10 per cent to close at 27 kobo, per share. Presco followed with a decline of 7.17 per cent to close at N110.00, while Chams went down by 4.17 to close at 23 kobo, per share. SUNU Assurance lost 3.45 per cent to close at 28 kobo, while Consolidated Hallmark Insurance shed 3.28 per cent to close at 59 kobo, per share.

The total volume traded declined by 20.7 per cent to 126.564 million units, valued at N3.852 billion, and exchanged in 3,383 deals. Transactions in the shares of Zenith Bank topped the activity chart with 13.550 million shares valued at N298.637 million. Fidelity Bank followed with 12.163 million shares worth N49.50 million, while MTNN traded 12.003 million shares valued at N2.401 billion.

AIICO Insurance traded 10.960 million shares valued at N5.849 million, while Transnational Corporation of Nigeria (Transcorp) transacted 10.228 million shares worth N11.530 million.

November 22, 2022