Markets

Equities Market Sustains Bullish Run, Index Hits 37,000 Mark

The Equities market sustained its bullish momentum to the 16th session on Thursday as the All Share Index (ASI) rose 1.4% to 37,245.17 points, further buoying the Year-to-Date gain to 38.6%, while market capitalization added N173.8bn to close at N12.8tn. Rally in Consumer Goods and Banking bellwethers - NIGERIAN BREWERIES (+4.7%), GUARANTY (+3.6%) and NESTLE (+5.0%) - drove the market performance today. Similarly, activity level improved as volume and value traded surged 61.9% and 72.5% to close at 542.8m units and N8.0bn respectively. 

Market Capitalisation Crosses ₦12tr Mark

Transactions remained upbeat on the Nigerian Stock Exchange (NSE) on Tuesday with the market capitalisation crossing to N12 trillion mark for the first time in over two years.

The News Agency of Nigeria reports that the market capitalisation grew by N142 billion or 1.19 per cent to close at N12.085 trillion against N11.943 trillion achieved on Monday.

Also, the All-Share Index moved to 35,000 mark appreciating by 412.95 points or 1.19 per cent to close at 35,065.47 compared with 34,652.52 posted on Monday.

Nigerian Bourse Opens the Week Positive

The local bourse opened the week on a positive note as the benchmark index advanced 1.9% to close at 34,652.52 points on the back of gains in DANGCEM (+5.0%) and value banking stocks - ACCESS (+4.5%), UBA (+3.6%), STANBIC (+3.1%)  and ZENITH (+1.3%). Accordingly, Year-to-date return climbed to 28.9%. Investors added N217.8bn as market capitalization settled at N11.9tn. However, market activity waned as volume and value traded slid 22.3% and 22.8% to close at 293.8m units and N3.9bn respectively.   
          
Mixed Market Performance

Stock Market Extends Gaining Streak

The Nigerian equities market sustained its current northward trend as the All Share Index (ASI) appreciated 0.5% to close at 33,695.83 points while YTD gain improved to 25.4%. In the same vein, market capitalization increased N62.3bn to close at N11.6tn. Today’s positive performance was largely driven by sustained interest in DANGCEM (+0.5%), NESTLE (+1.8%) and WAPCO (+5.0%).  However, activity level weakened as volume and value traded declined 42.2% and 32.8% to 191.4m units and N2.2bn respectively.

Insurance Index emerges Lone Decliner

Bulls Retain Hold amidst Renewed Buy Sentiment

The Nigerian bourse sustained its positive momentum in today’s session as the NSE All Share Index (ASI) rose 0.2% to close at a month high of 33,514.93 points while YTD return expanded to +24.7%. Performance in today’s session was broadly buoyed by renewed buy sentiment towards Banking Stocks – ZENITH (+2.1%), STANBIC (+3.1%), FBNH (4.2%), and GUARANTY (+0.8%) - which offset losses in DANGCEM (-1.0%) and NESTLE (-1.8%). Accordingly, investors recouped N27.0bn in value as market capitalization increased to N11.6tn.

Equities Sustain Positive Performance on FMCGs Rally

The Nigerian equities market, on the first trading day of the week, extended gains from the previous week as the benchmark index climbed 12bps to 33,301.43 points, thus nudging YTD gain to 23.9%. Today’s performance was largely driven by strengthened sentiment towards Consumer Goods stocks - NIGERIAN BREWERIES (+2.2%), UNILEVER (+10.2%), 7UP (+6.4%) and FLOURMILL (+5.0%) - as well as market heavyweight, DANGCEM (+0.1%). Consequently, investors accumulated N13.7bn in value as market capitalization increased to N11.5tn.

Weekly Market Report

Photo L-R: Haruna Jalo-Waziri, Executive Director, Capital Market Division, The Nigerian Stock Exchange (NSE); Mrs. Dara Owoyemi, Special Assistant, Minister of Industry, Trade and Investment; Ms Ladi Katagum, Director, Nigerian Investment Promotion Commission (NIPC); Oscar Onyema, Chief Executive Officer, NSE; Ms. Yewande Sadiku, Executive Secretary/CEO, NIPC and Mr. Reuben Kifasi, Director, NIPC at the Closing Gong Ceremony at the Exchange today.

 

Positive Momentum Sustained Amidst Rally in Bellwethers

The Nigeria Bourse extended gains to the sixth session today as the Benchmark Index advanced 0.8% to close at 33,246.91 points, buoying YTD gain to 23.7%. Today’s performance was bolstered by sustained buying interest in bellwethers across sectors including DANGCEM (+0.8%), GUARANTY (+1.9%), WAPCO (+4.0%) and MOBIL (+9.5%) which more than offset losses in NIGERIAN BREWERIES (-0.9%) and ACCESS (-1.5%) Thus, investors accumulated N91.4bn in value as market capitalization increased to N11.5tn.

Stock Market Extends Gains to 5th Consecutive Session

The Nigerian bourse, at the close of trade today, extended gains to the 5th consecutive session as the All Share Index (ASI) rose 0.5% to settle at 32,981.63 points, thus nudging YTD gain to 22.7%. Quite similar to yesterday, performance was buoyed by sustained buy interest in market heavyweights – GUARANTY (+1.9%), NIGERIAN BREWERIES (+0.6%) and DANGCEM (+0.1%). Consequently, investors gained N52.9m as market capitalization increased to N11.4bn. However, activity level was mixed as volume traded declined 17.6% to 180.3m units while value traded rose 22.7% to N2.6bn.

Nigerian Equities Market Remains Upbeat

The Nigerian equities market sustained its upbeat performance in today’s session as the benchmark index climbed 0.6% to close at 32,827.98 points, further pushing YTD gain to 22.2%. Today’s performance was largely driven by positive sentiment towards DANGCEM (+0.6%) and NIGERIAN BREWERIES (+0.8%) as well as sustained interest in banking stocks – GUARANTY (+2.6%), ZENITH (+3.3%) and ACCESS (+2.3%). Consequently, investors accumulated N73.5bn as market capitalization rose to N11.3tn.

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