Economy
Weekly Investment in Nigerian Stocks Rises to N22.7bn
By Dipo Olowookere
Nigerian stocks attracted N22.7 billion from investors last week, though the All-Share Index (ASI) and market capitalisation of the Nigerian Exchange (NGX) Limited depreciated by 0.16 per cent week-on-week to 47,202.30 points and N25.436 trillion respectively.
Similarly, all other indices finished lower with the exception of NGX 30, banking, pension, insurance, NGX AFR Bank, NGX AFR Div. Yield, NGX Meri Value, consumer goods, oil/gas, and industrial goods indices, which appreciated by 0.07 per cent, 2.34 per cent, 0.46 per cent, 1.51 per cent, 0.32 per cent, 4.78 per cent, 2.03 per cent, 1.35 per cent, 0.29 per cent, and 0.06 per cent, while the growth index closed flat.
Business Post reports that a significant number of the trades centred on Access Bank, GTCO and Fidelity Bank, accounting for 316.8 million shares worth N4.4 billion in 3,476 deals, contributing 23.80 per cent and 19.18 per cent to the total trading volume and value respectively
The total volume of transactions for the week stood at 1.3 billion shares, the total value was N22.7 billion, while the total number of deals was 24,039 deals.
When compared with the preceding week, it was observed that the trading volume was lower than the 1.8 billion shares recorded a week earlier, the trading value was higher than the N19.6 billion achieved in the earlier week and the number of deals was lower than the 27,822 deals recorded at the previous week.
In the week, financial stocks dominated with 886.1 million units worth N10.1 billion traded in 11.563 deals, contributing 66.60 per cent and 44.31 per cent to the total trading volume and value respectively.
Trailing were consumer goods stocks with 107.6 million units worth N4.472 billion in 3,833 deals, and conglomerates stocks with a turnover of 102.2 million units valued at N198.1 million executed in 1,008 deals.
On the price movement chart, there were 44 price gainers, higher than 42 of the preceding week, 31 price losers, lower than 35 of the earlier week, while 81 stocks closed flat, higher than 79 of the previous week.
SCOA Nigeria was the best-performing stock for the week with a price gain of 42.40 per cent to trade at N1.78, RT Briscoe gained 39.29 per cent to close at N39 kobo, Sunu Assurances rose by 30.00 per cent to 39 kobo, Guinness Nigeria appreciated by 24.61 per cent to N60.50, while Flour Mills improved by 10.62 per cent to N32.30.
On the flip side, Pharma-Deko was the worst-performing stock as its value dropped 16.67 per cent to N1.65, Okomu Oil lost 10.00 per cent to trade at N127.80, Juli depreciated by 9.89 per cent to sell for 82 kobo, Guinea Insurance declined by 9.09 per cent to 20 kobo, while PZ Cussons fell by 7.19 per cent to N6.45.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange fell by 0.24 per cent on Friday, April 25 after the duo of FrieslandCampina Wamco Nigeria Plc and Afriland Properties Plc landed on the losers’ table.
FrieslandCampina Wamco Nigeria Plc depreciated by N2.58 to sell at N35.37 per unit compared with the previous day’s N37.95 per unit, and Afriland Properties Plc lost 2 Kobo to close at N17.78 per share versus Thursday’s closing value of N17.80 per share.
However, Geo-Fluids Plc appreciated by 10 Kobo during the trading day to sell for N1.80 per unit, in contrast to the preceding session’s N1.70 per unit. The rise in the price of the stock could not prevent the fall of the bourse yesterday.
Consequently, the market capitalisation of the trading platform went down by N4.64 billion to N1.914 trillion from N1.918 trillion and the NASD Unlisted Security Index (NSI) declined by 7.92 points to 3,269.06 points from 3,276.98 points.
The final trading session of the week ended with a surge of 1,695.8 per cent in the volume of securities transacted to 3.7 billion units from the 206.2 milion units transacted in the previous trading day.
Equally, the value of transactions jumped by 2,592.6 per cent to N9.5 billion from N354.1 million on Thursday, and the number of deals decreased by 47.4 per cent to 20 deals from the 38 deals recorded a day earlier.
Impresit Bakolori Plc remained the most active stock by volume on a year-to-date basis with 533.9 million units sold for N520.9 million, followed by Geo-Fluids Plc with 259.3 million units worth N456.1 million, and Okitipupa Plc with 153.6 million units valued at N4.9 billion.
Also, Okitipupa Plc remained the most active stock by value on a year-to-date basis with 153.6 million units valued at N4.9 billion, trailed by FrieslandCampina Wamco Nigeria Plc with 15.6 million units worth N598.5 million, and Impresit Bakolori Plc with 533.9 million units sold for N520.9 million.
By Dipo Olowookere
A 0.30 per cent fall was recorded by the Nigerian Exchange (NGX) Limited on Friday as a result of profit-taking in the industrial goods sector.
This was mainly caused by sell-offs in Dangote Cement Plc, which released its financial statements for the first quarter of 2025 yesterday.
The cement maker lost 10.00 per cent during the session to trade at N432.00, Regency Alliance lost 8.06 per cent to close at 57 Kobo, VFD Group depreciated by 7.57 per cent to N17.10, Chams declined by 7.27 per cent to N2.04, and Sovereign Trust Insurance crashed by 6.12 per cent to 92 Kobo.
Conversely, International Breweries, Legend Internet, and Ikeja Hotel gained 10.00 per cent each to sell for N7.70, N6.82, and N12.10 apiece, Vitafoam Nigeria surged by 9.93 per cent to N44.85, and Eterna rose by 9.92 per cent to N39.90.
The industrial goods index was down by 4.73 per cent on Friday, as the others finished in green territory.
The consumer goods space rose by 2.21 per cent, the banking sector appreciated by 1.55 per cent, the insurance counter expanded by 1.50 per cent, the energy sector increased by 0.07 per cent, and the commodity industry went up by 0.04 per cent.
At the close of transactions, the All-Share Index (ASI) went down by 321.21 points to 105,753.05 points from 106,074.26 points and the market capitalisation shrank by N202 billion to N66.465 trillion from N66.667 trillion.
The level of activity increased yesterday as the trading volume, value, and number of deals grew by 30.40 per cent, 94.23 per cent, and 17.64 per cent, respectively.
This was because investors transacted 428.1 million shares worth N20.2 billion in 14,284 deals compared with the 328.3 million shares valued at N10.4 billion in traded in 12,142 deals a day earlier.
GTCO led the activity chart with 60.7 million equities sold for N3.8 billion, Fidelity Bank traded 41.4 million stocks worth N829.3 million, Access Holdings exchanged 40.6 million shares valued at N968.3 million, MTN Nigeria sold 33.0 million equities for N8.2 billion, and Zenith Bank transacted 22.9 million stocks worth N1.1 billion.
By Adedapo Adesanya
The Naira extended its gains against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Friday, April 25 by 0.22 per cent or N3.59 to sell for N1,599.42/$1 compared with the N1,603.01/$1 it was traded in the previous session.
The Nigerian currency also improved its value against the Euro in the official market by N1.36 to close at N1,818.53/€1 compared with Thursday’s closing price of N1,819.89/€1.
However, the domestic currency depreciated against the Pound Sterling in the same market segment yesterday by N1.90 to wrap the session at N2,130.44/£1 versus the preceding session’s rate of N2,128.50/£1.
At the black market segment, the Naira appreciated against the greenback on Friday by N2 to quote at N1,605/$1, in contrast to the previous day’s value of N1,607/$1.
In the cryptocurrency market, a possible regulatory progress about digital assets in the US spurred buying interest among investors during the trading session.
The chairman of the US Securities and Exchange Commission, Mr Paul Atkins, was at a crypto roundtable on Friday and he devoted his inaugural speech to assuring the industry that he will continue to remake securities policy to favor digital assets innovation.
Litecoin (LTC) rose by 3.0 per cent to $87.24, Dogecoin (DOGE) grew by 2.7 per cent to $0.1862, Bitcoin (BTC) increased by 1.3 per cent to $94,687.84, Ethereum (ETH) jumped by 1.2 per cent to $1,797.51, Cardano (ADA) improved by 0.9 per cent to $0.7235, and Ripple (XRP) gained 0.6 per cent to close at $2.20.
On the flip side, Solana (SOL) depreciated by 0.9 per cent to $151.64, and Binance Coin (BNB) lost 0.8 per cent to sell for $602.89, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) remained unchanged at $1.00 each.
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