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Markets

Regency Alliance tops gainers on the NSE this week

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Regency Alliance tops gainers on the NSE this week

This week was a strongly positive one on the Nigerian Stock Exchange (NSE) as the All-Share Index gained 2.92%. The All Share Index opened at 30,636.36 basis points and closed at 31,529.92 basis points up 893.56 basis points.

53 equities appreciated in price during the week, higher than 16 in the previous week. 21 equities depreciated in price, lower than 50 equities of the previous week, while 94 equities remained unchanged, lower than 102 equities recorded in the preceding week.

Top Gainers

Regency Alliance Insurance Plc

Regency Alliance Insurance Plc was the best performing stock this week, appreciating by 19.05%. The stock opened at N0.21 and closed at N0.25, up N0.04. Year to date, the stock is up 19.05%.

During the week, the company had given notice of a board meeting where its 2018 full year results and a possible dividend and bonus will be discussed.

Dangote Flour Mills 

Dangote Flour Mills opened the week at N5.80 and closed at N6.85, up N1.05 or 18.1%. Year to date, the stock is flat.

Guaranty Trust Bank Plc

Guaranty Trust Bank Plc appreciated by 14.69% during the week. The stock opened at N33.70 and closed at N38.65, up N4.95. Year to date, the stock is up 12.19%.

McNichols Plc 

McNichols Plc opened the week at N0.36 and closed at N0.41, up N0.05 or 13.89%. Year to date, the stock is down 12.77%.

AIICO Insurance Plc 

AIICO Insurance Plc appreciated by 12.50% this week. The stock opened at N0.64 and closed at N0.72, up N0.08. Year to date, the stock is up 14.29%.

University Press Plc

University Press Plc also gained 12.50% this week. The stock opened at N2.08 and closed at N2.34, up N0.26. Year to date, the stock is up 7.34%.

ABC Transport Plc 

ABC Transport Plc maintains a top 10 spot for the second week in a row. The stock gained 11.11%, opening at N0.36 and closing at N0.40, up N0.04. Year to date, the stock is up 37.93%.

Cutix Plc

Cutix Plc gained 11.11% this week. The stock opened at N1.80 and closed at N2, up N0.20. Year to date, the stock is up 21.95%.

Eterna Plc

Eterna Plc opened the week at N4.25 and closed at N4.70, up N0.45 or 10.59%. Year to date, the stock is flat.

Beta Glass Plc

Beta Glass Plc rounds up the top 10 gainers for the week. The stock opened at N60 and closed at N66, up N6 or 10%. Year to date, the stock is down 3.37%.

Stanbic 728 x 90

Top Losers

Royal Exchange Plc

Royal Exchange Plc was the worst performing stock this week. The stock opened at N0.30 and closed at N0.26, down N0.04 or 13.33%. Year to date, however, the stock is up 18.18%.

Guinea Insurance Plc

Guinea Insurance Plc opened the week at N0.23 and closed at N0.20, down N0.03 or 13.04%. Year to date, the stock is also down by the same margin.

Champion Breweries Plc

Champion Breweries Plc shed 10% this week. The stock opened at N1.80 and closed at N1.62, down N0.18. Year to date, the stock is down 18.59%.

Interlinked Technologies Plc

Interlinked Technologies Plc also shed 10%. The stock opened at N3.60 and closed at N3.24, down N0.36. Year to date, the stock is also down by the same margin.

E-Tranzact International Plc

E Tranzact International Plc opened at N3.25 and closed at N2.93, down N0.32 or 9.85%. Year to date, the stock is down 25.82%.

Academy Press Plc

Academy Press Plc declined by 8.89%. The stock opened at N0.45 and closed at N0.41, down N0.04. Year to date, the stock is down 18%.

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Trans-Nationwide Express Plc

Trans-Nationwide Express Plc opened the week at N0.69 and closed at N0.63, down N0.06 or 8.70%. Year to date, the stock is down 3.08%.

AG Leventis Plc

AG Leventis Plc shed 6.90%. The stock opened at N0.29 and closed at N0.27, down N0.02. Year to date, the stock is flat.

Consolidated Hallmark Insurance Plc

Consolidated Hallmark Insurance Plc also shed 6.90%. The stock opened at N0.29 and closed at N0.27, down N0.02.

Livestock Feeds Plc

Livestock Feeds Plc rounds up the top 10 losers for the week. The stock opened at N0.53 and closed at N0.50, down N0.03 or 5.66%. Year to date, the stock is up 2.04%.

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Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training.He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE).He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy.You can contact him via [email protected]

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Business News

Heavy sell-off in Guinness shares leads to N6.9 billion market value loss in a single day

Shares of Guinness Nigeria Plc suffered a 9.89% loss today.

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Guinness Nigeria Plc Reports Full Year F19 Results

Guinness Nigeria Plc suffered a 9.89% loss today following a heavy sell-off in the shares of the brewer. This triggered a market value loss amounting to about N6.9 billion at the close of trading activities on the Nigerian Stock Exchange, as investors scaled-down stakes in the brewer.

Data tracked at the close of the market today revealed that the shares of GUINNESS declined from N31.85 per share at the market open, to N28.70 per share at the close of the market today, to print a loss of 9.89%.

This decline saw the market capitalization of the leading maker of beer and spirits fall from N69.75 billion to N62.86 billion at the close of trading activities today, putting the total market value loss at N6.89 billion.

The shares of Guinness at the close of the market today cleared at N28.70 per share, 9.89% lower than the closing price of N31.85 per share yesterday.

At the current price, Guinness shares are currently trading 20.27% lower than their 52-week high of N36.00 per share. However, the shares of the company have returned about 120.8% gains for investors who bought them at their 52-week low trading price of N13.00 per share last week.

During trading hours on the Exchange today, about 159,380 ordinary shares of Guinness Nigeria Plc worth about N4.57 million, were exchanged in 27 executed deals.

The shares of Nigerian Breweries Plc and Golden Guinea Breweries Plc closed flat at N50.1 per share and N0.81 per share respectively, while the shares of International Breweries Plc shed 0.88% to close low today at N5.65 per share.

What you should know

  • At the close of trading activities today, the NSE All-Share Index and market capitalization appreciated by 0.29% to close higher at 39,128.34 index points and N20.477 trillion respectively.
  • The NSE Consumer Goods Index, an investable benchmark designed to track the performance of the shares of consumer goods companies like Guinness Nigeria Plc, depreciated by -0.35% to close the day lower at 553.26 index points.

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Markets

Guinness plunges amid Nigerian stocks gains

The All-Share Index increased by +0.29% to close at 39,128.34 from 39,015.58 index points.

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gtbank, stock market, Bulls dominate Nigerian bourse ASI up 0.74%, Investors gain N77 billion., Crude oil bulls lose steam, as COVID-19 cases hit record high

The Nigerian Stock Exchange market posted gains at the end of the trading session today. The All-Share Index increased by +0.29% to close at 39,128.34 from 39,015.58 index points. CONOIL topped the gainers list.

  • Nigerian Stock Exchange market value currently stands at NGN 20.48Tr. Its Year-to-Date (YTD) returns currently stands at – 84%.
  • The market closed in profit as CONOIL led 21 Gainers and GUINNESS topped the chart of 22 Losers with a noticeable bullish movement by the NSE ASI.

Top gainers

  1. CONOIL up +9.97% to close at N18.75
  2. STUDPRESS up +9.88% to close at N1.78
  3. ETERNA up +9.48% to close at N6.35
  4. UPL up +9.40% to close at N1.28
  5. WAPCO up +6.83% to close at N21.90

Top losers

  1. GUINNESS down -9.89% to close at N28.70
  2. PORTPAINT down -9.85% to close at N2.38
  3. ACADEMY down -8.26% to close at N0.37
  4. LEARNAFRCA down -8.26% to close at N1.00
  5. REGALINS down -7.41% to close at N0.25

Outlook

The NSE ASI saw a bullish move supporting Tuesday gains and showing bullish dominance since the start of the week.  However, the following stocks are on our watchlist: PZ, Guaranty, Access bank, STANBIC, HONYFLOUR, GUINNESS and Flourmills.

  • Nairametrics advises cautious participation in the stock market in this era of growing uncertainties.

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