[Market Watch] Skye Bank tanks 8.8%, Forte tops gainers chart

Investment in manufacturing, Infrastructure will unlock Africa’s economic potential – Afreximbank

March 21, 2025

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January 10, 2025

The market gained for the second time this week as the NSEASI increased by 0.61% to further drive the YtD to -0.69%. Volume traded and market turnover also increased by 1.68% and 20.06% respectively. Market Breadth (1.56x) tilted in favour of advancers as 28 stocks advanced against 18 decliners.

LIVESTOCK and FO both topped the gainers’ chart with 5.00% apiece to close at N2.52 and N159.60 respectively. Other outperformers included AIRSERVICE, UPL, and NEIMETH with 4.98%, 4.87%, and 4.76% respective price gains. Conversely, IKEJAHOTEL (-8.84%) led the losers’ chart to close at N3.61. SKYEBANK (-8.82%), CUTIX (-4.82%) MAYBAKER (-4.71%) and TRANSEXPR (-4.31%) all declined in that order.

The African markets witnessed negative sentiments save for Mauritius, which appreciated by 0.23%. Egypt (-2.62%), Kenya (-1.29%), and South Africa (-0.20%) all declined correspondingly.

We expect specific news flow to continue to serve as a catalyst for market direction. We however advise discerning investors to remain strategic in their investment decisions.
Source: Meristem

TICKER	Pclose	Close	Volume	% Price ∆	YtD % ∆
7UP	170.1	176	88920	3.5%	6%
ABBEYBDS	1.25	1.25		0.0%	-4%
ABCTRANS	0.57	0.56	603500	-1.8%	2%
ACADEMY	0.96	0.96		0.0%	-19%
ACCESS	6.2	6.2	17130240	0.0%	-6%
AFRINSURE	0.5	0.5		0.0%	0%
AFRIPRUD	3	2.99	1902198	-0.3%	-2%
AFROMEDIA	0.5	0.5		0.0%	0%
AFRPAINTS	2.72	2.72		0.0%	0%
AGLEVENT	1.62	1.62	50	0.0%	24%
AIICO	1	1.01	6291601	1.0%	25%
AIRSERVICE	2.01	2.11	439675	5.0%	24%
ALEX	10.43	10.43	36	0.0%	0%
ALUMACO	7.75	7.75	9	0.0%	0%
ARBICO	5.3	5.3		0.0%	0%
ASHAKACEM	20.47	20.47	28199	0.0%	-7%
ASOSAVINGS	0.5	0.5		0.0%	0%
AUSTINLAZ	2.09	2.09		0.0%	0%
AVONCROWN	1.52	1.52		0.0%	-4%
BECOPETRO	0.5	0.5		0.0%	0%
BERGER	10	10	78307	0.0%	11%
BETAGLAS	33	33	12219	0.0%	19%
BOCGAS	5.21	5.21	3884	0.0%	-5%
CADBURY	39.9	39.9	85874	0.0%	0%
CAVERTON	3.7	3.7	34656	0.0%	6%
CAP	43	43	16018	0.0%	15%
CAPHOTEL	4.07	4.07		0.0%	-5%
CCNN	10.5	10.5	43393	0.0%	1%
CHAMPION	6.79	6.75	205687	-0.6%	-3%
CHAMS	0.5	0.5	44131640	0.0%	0%
CHELLARAM	3.95	3.95	1270	0.0%	0%
CILEASING	0.7	0.67	6217855	-4.3%	34%
CONOIL	39.92	39.92	109645	0.0%	5%
CONTINSURE	0.99	0.99	970408	0.0%	-3%
CORNERST	0.5	0.5	3105	0.0%	0%
COSTAIN	0.81	0.81	37282	0.0%	9%
COURTVILLE	0.5	0.5	25000	0.0%	0%
CUSTODYINS	4.06	4.2	348335	3.4%	16%
CUTIX	1.66	1.58	138766	-4.8%	22%
CWG	4	4	1300	0.0%	-3%
DAARCOMM	0.5	0.5	3000	0.0%	0%
DANGCEM	177.5	178.5	1022687	0.6%	-11%
DANGFLOUR	4.64	4.64	188098	0.0%	2%
DANGSUGAR	6.4	6.4	592722	0.0%	1%
DEAPCAP	0.67	0.67	800	0.0%	-4%
DIAMONDBNK	4.55	4.48	4723896	-1.5%	-20%
DNMEYER	0.83	0.83	4650	0.0%	-5%
DUNLOP	0.5	0.5	43916	0.0%	0%
EKOCORP	3.72	3.72		0.0%	0%
ELLAHLAKES	4.26	4.26		0.0%	0%
ENAMELWA	31.82	31.82		0.0%	0%
EQUITYASUR	0.5	0.5		0.0%	0%
ETERNA	2.7	2.7	61880	0.0%	-9%
ETI	21.5	21.5	84294	0.0%	16%
ETRANZACT	3.39	3.39		0.0%	0%
EVANSMED	1.99	1.99	17006	0.0%	-13%
FBNH	8.75	8.8	9476599	0.6%	0%
FCMB	3	3.1	8667792	3.3%	24%
FIDELITYBK	1.85	1.88	4531304	1.6%	16%
FIDSON	3.11	3.2	484424	2.9%	-18%
FIRSTALUM	0.5	0.5	3548	0.0%	0%
FLOURMILL	35	36.2	3137080	3.4%	-8%
FO	152	159.6	208945	5.0%	-30%
FORTISMFB	5.42	5.42	64000	0.0%	0%
FTNCOCOA	0.5	0.5	26535	0.0%	0%
GCAPPA	14.46	14.46	138	0.0%	0%
GLAXOSMITH	44.2	44.2	87977	0.0%	-12%
GNI	0.52	0.5	202500	-3.8%	0%
GOLDBREW	0.93	0.93		0.0%	1%
GOLDINSURE	0.53	0.53		0.0%	0%
GUARANTY	29.7	30	33969038	1.0%	19%
GUINEAINS	0.5	0.5		0.0%	0%
GUINNESS	160	160	14142	0.0%	-5%
HMARKINS	0.5	0.5	1600	0.0%	0%
HONYFLOUR	3.8	3.65	335891	-3.9%	5%
IAINSURE	0.5	0.5		0.0%	0%
IHS			–	–	–
IKEJAHOTEL	3.96	3.61	212480	-8.8%	-2%
INFINITY	1.42	1.42		0.0%	-2%
INTBREW	20	20	22346	0.0%	-14%
INTENEGINS	0.53	0.51	1325546	-3.8%	2%
INTERLINK	4.66	4.66		0.0%	0%
IPWA	0.5	0.5	842	0.0%	0%
JAPAULOIL	0.5	0.5	16000	0.0%	0%
JBERGER	51.7	51.7	20817	0.0%	-15%
JOHNHOLT	0.9	0.9	2478	0.0%	-8%
JOSBREW	1.92	1.92	6160	0.0%	-9%
LASACO	0.5	0.5		0.0%	0%
LAWUNION	0.5	0.5	2350	0.0%	0%
LEARNAFRCA	1.15	1.15	15040	0.0%	-15%
LENNARDS	3.15	3.15		–	–
LINKASSURE	0.5	0.5	5300	0.0%	0%
LIVESTOCK	2.4	2.52	220597	5.0%	11%
LOTUSHAL15	10.86	10.88	5	0.2%	3%
MANDRID	5.35	5.35		0.0%	0%
MANSARD	3	3	83200	0.0%	-6%
MAYBAKER	1.7	1.62	395969	-4.7%	3%
MBENEFIT	0.5	0.5		0.0%	0%
MOBIL	151.3	151.3	22113	0.0%	-4%
MORISON	1.82	1.82	3242	0.0%	0%
MRS	50.54	50.54	8361	0.0%	-5%
MTECH	0.91	0.91		0.0%	0%
MTI	0.5	0.5		0.0%	0%
MULTITREX	0.5	0.5		0.0%	0%
MULTIVERSE	0.5	0.5		0.0%	0%
NAHCO	6.7	6.78	1149054	1.2%	37%
NASCON	8.17	8	2161214	-2.1%	29%
NB	153.8	154	204640	0.1%	-7%
NCR	12.19	12.19	4327	0.0%	-5%
NEIMETH	1.05	1.1	345771	4.8%	41%
NEM	0.68	0.71	1887536	4.4%	9%
NESF	552.2	552.2		0.0%	0%
NESTLE	900	900	11978	0.0%	-11%
NEWGOLD	2286	2321	453	1.5%	8%
NIGERINS	0.5	0.5	1700	0.0%	0%
NIG-GERMAN	6.32	6.32	204	0.0%	0%
NIGROPES	7.46	7.46	213	0.0%	0%
NIGSEWING			–	–	–
NIWICABLE	0.5	0.5	24	0.0%	0%
NNFM	18.05	18.05	37196	0.0%	0%
NPFMCRFBK	1.29	1.26	623785	-2.3%	58%
NSLTECH	0.5	0.5		0.0%	0%
OANDO	17.4	17.69	3801324	1.7%	10%
OKOMUOIL	28.44	28.44	185605	0.0%	12%
OMATEK	0.5	0.5	250	0.0%	0%
PAINTCOM	1.27	1.27		0.0%	-18%
PHARMDEKO	2.13	2.13	1040	0.0%	0%
PORTPAINT	3.64	3.64	12686	0.0%	-7%
PREMBREW	3.43	3.43	438	0.0%	-9%
PREMPAINTS	10.93	10.93		0.0%	0%
PRESCO	28.91	29.99	13286627	3.7%	22%
PRESTIGE	0.5	0.5	600	0.0%	0%
PZ	28.01	28.4	560519	1.4%	19%
REDSTAREX	4.92	4.92	14720	0.0%	25%
REGALINS	0.5	0.5		0.0%	0%
RESORTSAL	0.5	0.5		0.0%	0%
ROADS	6.29	6.29	266	0.0%	0%
ROYALEX	0.5	0.5	82395	0.0%	0%
RTBRISCOE	0.96	0.96	3012	0.0%	25%
SCOA	4.44	4.44	2471	0.0%	-5%
SEPLAT	387	387	2415	0.0%	4%
SIMCAPVAL	103.24	103.24		0.0%	0%
SKYEBANK	2.38	2.17	6982669	-8.8%	-18%
SKYESHELT	100	100		0.0%	0%
SOVRENINS	0.5	0.5		0.0%	0%
STACO	0.5	0.5	1100	0.0%	0%
STANBIC	30	30	72751	0.0%	11%
STANBICETF30	107.95	107.95		0.0%	8%
STDINSURE	0.5	0.5	10	0.0%	0%
STERLNBANK	2.13	2.14	5033661	0.5%	-16%
STOKVIS	0.14	0.14		0.0%	0%
STUDPRESS	2.3	2.3		0.0%	0%
TANTALIZER	0.5	0.5	1000	0.0%	0%
THOMASWY	0.73	0.73		0.0%	0%
TOTAL	155	155	47933	0.0%	9%
TOURIST	3.51	3.51		0.0%	0%
TRANSCOHOT	9.63	9.63	5000	0.0%	-4%
TRANSCORP	3.24	3.22	11829465	-0.6%	-1%
TRANSEXPR	1.16	1.11	51261	-4.3%	-10%
TRIPPLEG	1.69	1.69	1127	0.0%	-9%
UACN	40	40	287638	0.0%	18%
UAC-PROP	10.25	10.25	25011	0.0%	8%
UBA	5.15	5.17	77062357	0.4%	20%
UBCAP	1.5	1.5	3453754	0.0%	-9%
UBN	10.5	10.5	232152	0.0%	24%
UHOMREIT	45.22	45.22		0.0%	0%
UNHOMES	6.4	6.4		0.0%	0%
UNIC	0.5	0.5	250	0.0%	0%
UNILEVER	45	45	1350308	0.0%	26%
UNIONDAC	0.5	0.5		0.0%	0%
UNIONDICON	11.84	11.84	21	0.0%	-15%
UNITYBNK	2.24	2.23	9955565	-0.4%	-55%
UNITYKAP	0.5	0.5		0.0%	0%
UNIVINSURE	0.5	0.5	100	0.0%	0%
UPDCREIT	10	10		0.0%	0%
UPL	5.75	6.03	113122	4.9%	43%
UTC	0.5	0.5	250	0.0%	0%
VANLEER	11.48	11.48	7500	0.0%	-5%
VETGRIF30	15.92	16.02	15943	0.6%	7%
VITAFOAM	6.49	6.43	1782507	-0.9%	60%
VONO	0.98	0.98	17800	0.0%	-13%
WAGLASS	0.63	0.63		0.0%	0%
WAPCO	98.5	98.5	132141	0.0%	22%
WAPIC	0.54	0.55	5268452	1.9%	-14%
WEMABANK	1	1	5189660	0.0%	4%
ZENITHBANK	21.5	22.2	54038522	3.3%	21%