Investors Stake N32b on 2.7m Shares in 5 Days

Image

By Modupe Gbadeyanka

Investors in the Nigerian capital market on renewed confidence staked N32.042 billion on 2.737 billion shares executed in 32,217 deals during the just concluded five-day trading week.

This was against the N29.180 billion spent on 3.100 billion shares the previous week, which were transacted in 33,677deals.

During the week, the Financial Services Industry, measured by volume, led the activity chart with 2.189 billion shares valued at N21.792 billion traded in 18,832 deals; thus contributing 79.98 percent and 68.01 percent to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 287.945 million shares worth N621.772 million in 2,031deals, while the third place was occupied by Consumer Goods Industry with a turnover of 114.832 million shares worth N5.370 billion in 5,040 deals.

Trading in the Top Three Equities namely – Access Bank Plc, Zenith International Bank Plc and Transnational Corporation of Nigeria Plc (measured by volume) accounted for 918.046 million shares worth N10.324 billion in 5,809 deals, contributing 33.53 percent and 32.22 percent to the total equity turnover volume and value respectively.

Also during the week, 38 equities appreciated in price, lower than 59 equities of the previous week, while 42 equities depreciated in price, higher than 21 equities of the previous week, and 93 equities remained unchanged same as 93 equities recorded in the preceding week.

Furthermore, the All-Share Index and Market Capitalization appreciated by 1.60 percent and 1.63 percent to close the week at 33,810.56 and N11.692 trillion respectively.

Similarly, all other Indices finished higher during the week with the exception of the NSE ASeM, NSE Oil/Gas, NSE Lotus II and NSE Industrial Goods Indices that depreciated by 0.32 percent, 4.20 percent, 0.71 percent, and 0.28 percent respectively.

Also traded during the week were a total of 16,300 units of Exchange Traded Products (ETPs) valued at N973,376.00 executed in 3 deals compared with a total of 40.317 million units valued at N178.841 million transacted last week in 12 deals.

In addition, a total of 12,193 units of Federal Government Bonds valued at N12.440 million were traded in the week in 14 deals, compared with a total of 10,860 units valued at N10.196 million transacted last week in 10 deals.

Share
Related Stories
Image
26-November-2023

Dangote to List Refinery on NGX, Says NNPC Won’t Take Beyond 20% Stake

By Dipo Olowookere Dangote Refinery and Petrochemical Limited will be listed on the floor of the Nigerian Exchange (NGX) Limited in the future, the Chairman of the company, Mr Aliko Dangote, has revealed. Mr Dangote, who is the richest man in Africa, confirmed this in an interview with the Financial Times published on Saturday. The refinery will join other businesses of Mr Dangote currently trading their equities on the NGX, Dangote Cement, Dangote Sugar, and NASCON. The oil facility, believed to be worth about $20 billion, was launched in May 2023 by the immediate past president of Nigeria, Mr Muhammadu

Image
28-November-2023

FG Rehabilitate TinCan, Onne Port, Others With $1.1bn

By Adedapo Adesanya  The federal government, through the Nigerian Ports Authority (NPA), has announced plans to invest $1.1 billion to fully rehabilitate decaying port infrastructure at TinCan, Apapa, Rivers, Delta, Calabar, and Onne ports as part of efforts to improve the efficiency of the nation’s existing ports. Out of the estimated 47,000 kilometres of coastline in Africa, Nigeria makes up about 853 kilometres, creating the perfect opportunity to get access to its much-needed revenue. This coastline and a 200 nautical mile exclusive economic zone make up Nigeria’s coastline in the Gulf of Guinea. The coastline equals a maritime area of

Image
28-November-2023

Unlisted Securities Close 0.84% Higher

By Adedapo Adesanya The duo of Aradel Holdings Plc and 11 Plc landed the NASD Over-the-Counter (OTC) Securities Exchange in the green territory by 0.84 per cent on Monday, November 27. The two energy stocks overpowered losses posted by two other securities admitted to the alternative stock exchange, leaving the NASD Unlisted Security Index (NSI) closing higher by 7.22 points to 864.51 basis points from 857/29 points, as the market capitalisation of the exchange increased by N9.78 billion to N1.171 trillion from N1.162 trillion. Aradel Holdings Plc saw its share price continue to soar as it rose by N28.80 to

More Stories
Image
13-September-2018

Delta Got 988% More Revenue Than Osun in H1 2018—NEITI

By Modupe Gbadeyanka A total of N3.95 trillion was shared among the federal, states and local government areas of the federation in the first half of 2018 from the Federation Account. A statement from the Nigeria Extractive Industries Transparency Initiative (NEITI) signed by its Director of Communications and Advocacy, Dr Orji Ogbonnaya Orji, disclosed that the disbursements made by the Federation Accounts Allocation Committee (FAAC) represented an increase of 41 percent when compared to the N2.79 trillion disbursed in the first half of 2017 and a 95 percent increase in the N2 trillion disbursed in the first half of 2016.

Image
11-July-2019

Edo Traders, Teachers, Others Back Obaseki

**Vow to Form New Party for Governor if… By Dipo Olowookere The administration of Governor Godwin Obaseki further received a huge boost when some teachers, market women, pensioners, youths, religious leaders and other groups stormed the Museum Ground, Kings Square, in Benin City, on Thursday to express support for the Governor. Representatives of the various groups said the solidarity march was embarked upon to tell Nigerians how much impact the Obaseki administration has made in their lives. They expressed appreciation to the governor and his team for prioritising their wellbeing with the regular payment of workers’ salaries, pension, revamp of

Image
23-October-2023

Traders Union Has Reviewed The Best Forex Brokers In Romania For 2023

Choosing the right broker is essential for trading in financial markets, impacting the security of funds and potential earnings. Discovering the ideal Forex broker in Romania, particularly for traders using the native currency, the leu can be challenging. Traders Union (TU) experts have simplified this task by reviewing the top investment brokers available in Romania for 2023. Their comprehensive article offers valuable insights to help you find the most suitable broker in Romania based on your requirements and preferences. Top brokers for Forex trading in Romania For Romanian traders looking to invest in the Forex market, choosing the right broker

Image
29-November-2016

SEC Extends Deadline For Trade Group Registration

By Modupe Gbadeyanka The Securities and Exchange Commission (SEC) has extended deadline for capital market operators yet to register with their various trade groups. The extension, the capital market regulator explained, became necessary due to low compliance by operators. SEC gave the new deadline as Saturday, December 31, 2016. Addressing journalists at the fourth quarter of Capital Market Committee (CMC) held in Lagos, the Director General of SEC, Mr Mounir Gwarzo, explained that the move was part of efforts being made to restore investor confidence in the Nigerian capital market. Mr Gwarzo said SEC had developed rules on complaints management

Image
09-October-2020

Nigerian Currency Appreciates to N457/$1 at Black Market

By Adedapo Adesanya The Nigerian currency appreciated by N1 against its American counterpart at the parallel market on Thursday, October 8 to close at N457/$1 in contrast to N458/$1 it quoted on Wednesday. At the same segment, the domestic currency gained N2 against the Pound Sterling to settle at N595/£1 versus the previous day’s rate of N597/£1 and on the Euro, it grew stronger by N3 to close at N537/€1 as against the preceding session’s N540/€1. At another window of the foreign exchange market yesterday, the Investors & Exporters’ (I&E), the value of the Naira became stronger than the US

Image
02-April-2018

FMDQ Lists FSDH Merchant Bank N18.56b Commercial Papers

By Dipo Olowookere The N4.51 billion Series 5 & N14.05 Series 6 commercial paper (CP) notes of FSDH Merchant Bank Limited have been admitted on the platform of FMDQ. The commercial papers listed on FMDQ for quotation are under the lender’s N30 billion CP Debt Issuance Programme of the bank. The successive admittance of these securities, following due approval from the FMDQ Board Listings, Markets and Technology Committee, attests to the highly efficient time to market and ‘second-to-none’ Listings and Quotations service offered by FMDQ. FMDQ said it recognises the potential of a fully-functional DCM and shall continue to innovate

Image
01-February-2021

Standard Chartered Vows to Support Clients’ Growth Aspirations

By Ahmed Rahma The management of Standard Chartered Bank has assured its numerous clients of its commitment to supporting their growth aspirations, no matter the sector they operate in. The lender made this promise while speaking on the role it played in the recent acquisition of a 45 per cent working interest in OML17 by Heirs Holdings Oil & Gas Limited. Standard Chartered acted as coordinator/financial advisor to Heirs Holdings in the deal described as one of the largest in the oil and gas sector in Africa. Heirs Holdings acquired the stakes held by Shell Petroleum Development Company of Nigeria

Image
24-March-2020

Naira Gains at Interbank, Depreciates at Other Segments

By Adedapo Adesanya  The Naira appreciated against the US Dollar at the interbank segment of the foreign exchange (forex) market on Monday, March 23, 2020 by N1 or 0.28 percent, trading at N360/$1 compared with N361/$1 it traded last Friday. At Bureaux De Change (BDC) segment of the market, the Naira depreciated in Lagos by N23 to close at N403/$1 in contrast to the previously traded rate of N380/$1. The domestic currency lost N10 against the pound to close at N485/£1 compared with N475/$1 and dropped N9 against the Euro to trade at N415/€1 in contrast to N406/€1 it previously exchanged.

Ad
Ad
Recent Stories
Image
28-November-2023

Cytek Advocates Cybersecurity Resilience in Nigeria’s Financial Services Sector

By Adedapo Adesanya Leading global provider of technological solutions YNV Group, through its cybersecurity brand, Cytek, has advocated that stakeholders in the financial services sector prioritise cybersecurity and highlighted key strategies for resilience at a recently hosted webinar for the industry. The session which was held on November 22, was themed Ensuring Cybersecurity Resilience in Financial Services Companies in Nigeria, and served as a pivotal platform for fostering collaboration and knowledge exchange in the sector. Led by cybersecurity experts in the industry, the webinar analysed some of the pressing challenges and emerging threats faced by financial services companies in Nigeria while

Image
28-November-2023

BetWGB Empowers Youths With Omo Adugbo Initiative

By Aduragbemi Omiyale An innovative initiative called Omo Adugbo, designed to tackle the high rate of unemployment among youths across Nigeria, has been introduced by a foremost bookmaker, BetWGB. This schemed, which is part of the company to bridge the youth unemployment gap in the country, involves the provision of an outlet in each local government across the country to serve as the organisation’s contact office within the local area. By establishing these outlets across the country, BetWGB Nigeria aims to impact positively on the local economy and bridge the unemployment gap that has affected many young Nigerians. With a

Image
28-November-2023

Zenith Bank Seeks Operating Licence for Subsidiary in France

By Aduragbemi Omiyale Zenith Bank Plc has taken a huge step to establish a subsidiary in France, and to make this a reality, it has sealed a Memorandum of Understanding (MoU) with the French government. The Chairman of the company, Mr Jim Ovia, confirmed that the lender may commence operations in the European nation next year, though it is working hard to secure a banking licence. This will add to other countries Zenith Bank has presence in, including Ghana, Sierra Leone, The Gambia, and a Representative Office in China. Speaking at a signing ceremony on Friday, November 24, 2023, Mr

Image
28-November-2023

Stanbic IBTC Capital Shines at AIHN Awards

By Modupe Gbadeyanka Like a golden fish, which has no hiding place, Stanbic IBTC Capital, the investment banking subsidiary of Stanbic IBTC Holdings, was the cynosure of all eyes at the recently concluded Association of Issuing Houses of Nigeria (AIHN) Investment Banking Dinner and Awards ceremony. At the event held in Lagos, the company went home with five awards, named as the Best Investment Bank in Nigeria, the Equity Deal of 2022, the Best Equity House of 2022, the Best Corporate Bond House 2022 and the M&A Deal of the Year 2022. The recognitions spread across Stanbic IBTC Capital’s Advisory,

Image
28-November-2023

Slave Wages for Contract Private Security Guards in Nigeria

By Emmanuel Udom Today, most contract security guards are earning slave wages, putting their lives in danger while ensuring the safety of other people, corporate bodies, government agencies, etc, 24/7. It is noted that all over the world, security business is deadly, risky, slippery, dangerous and sophisticated. Like in other business concerns, owners of registered and yet-to-be-registered private security companies are in for raw deals. They are driven by profits, the laws of supply and demand and the desperate hustle for big, juicy contracts, our investigations have shown. Private contract security companies hire all sorts of people, give them one

Image
28-November-2023

Tinubu Writes Reps for $8.6bn, €100m Foreign Loans

By Adedapo Adesanya  President Bola Tinubu has written to the House of Representatives seeking the approval for an $8.6 billion and €100 million external borrowing plan for critical infrastructure in areas such as power, roads, water, railway, and health. The President also forwarded the Federal Capital Territory (FCT) Supplementary Budget to the lower chamber for consideration. Meanwhile, the President will present the 2024 budget to the National Assembly on Wednesday. This was after the Federal Executive Council (FEC) approved a 2024 budget of N27.5 trillion. The approval followed the review of the Medium-Term Expenditure Framework (MTEF) earlier passed by the

Image
28-November-2023

Nigeria to Develop Integrated Electricity Policy, Implementation Plan

By Adedapo Adesanya Nigeria will develop a new integrated national electricity policy and strategic implementation plan, as mandated by the Electricity Act 2023, according to the Minister of Power, Mr Adebayo Adelabu. President Bola Tinubu had on June 9 assented to the Electricity Bill, now an Act empowering states, companies and individuals to generate, transmit and distribute electricity. This, in turn, repealed the Electric Power Sector Reform Act (EPSR A), 2005 and create a comprehensive legal and institutional framework to guide the Nigerian Electricity Supply Industry (NESI). Mr Adelabu, while speaking on Monday at the Nigeria Electricity Management Services Agency

Image
28-November-2023

Zenith Bank Lights Up Ajose Adeogun Street With Beautiful Decorations

By Aduragbemi Omiyale The popular Ajose Adeogun Street and Roundabout on Victoria Island, Lagos, is wearing a new look, thanks to Zenith Bank Plc, which designed the areas with beautiful Christmas decorations. The yearly ritual of the financial institution is a part of its Corporate Social Responsibility initiatives aimed at setting the tone for the Christmas and Yuletide seasons. Performing the Light-Up ceremony, the 17th of its kind recently, the chief executive of Zenith Bank, Mr Ebenezer Onyeagwu, expressed his delight in heralding the 2023 Yuletide season by lighting up the iconic Ajose Adeogun Street and Roundabout. He urged everyone

Image
28-November-2023

FG Rehabilitate TinCan, Onne Port, Others With $1.1bn

By Adedapo Adesanya  The federal government, through the Nigerian Ports Authority (NPA), has announced plans to invest $1.1 billion to fully rehabilitate decaying port infrastructure at TinCan, Apapa, Rivers, Delta, Calabar, and Onne ports as part of efforts to improve the efficiency of the nation’s existing ports. Out of the estimated 47,000 kilometres of coastline in Africa, Nigeria makes up about 853 kilometres, creating the perfect opportunity to get access to its much-needed revenue. This coastline and a 200 nautical mile exclusive economic zone make up Nigeria’s coastline in the Gulf of Guinea. The coastline equals a maritime area of

Image
28-November-2023

EFCC Educates Public About Ways to Prevent ATM Card Swap Fraud

By Adedapo Adesanya The Economic and Financial Crimes Commission (EFCC) has alerted Nigerians of unauthorised bank withdrawals linked to Automated Teller Machine (ATM) card swap fraud. The commission issued the alert on Monday in a statement by the Head of Media and Publicity, Mr Dele Oyewale. According to the EFCC, fraudsters engaged in this activity typically keep a debit card from the same bank and, under the guise of assisting a confused bank customer at an ATM point, swiftly swap the card while memorising the PIN used with fake cards. “These cards get stuck in the machine due to a