Stock Market
GTBank, Flour Mills, Fidelity top most traded stocks on Friday
Guaranty Trust Bank Plc, Flour Mills of Nigeria Plc, Fidelity Bank Plc, Zenith Bank and United Bank for Africa Plc led the most actively traded stocks on the Nigerian Stock Exchange (NSE) on Friday’s trading session.
Details: While GTBank Plc led the chart with 75.2 million shares valued at N1.98 billion traded in 377 deals, Flour Mills of Nigeria followed with 69 million shares valued at N1.04 billion in 44 deals and Fidelity Bank traded 25.4 million shares valued at N42.7 million in 91 deals.
Zenith Bank also recorded 21 million shares valued at N365.9 million traded in 418 deals and United Bank for Africa rounded off the top five most actively traded stocks with 20.5 million shares valued at N119 million traded in 177 deals.
However, Friday’s trading session ended in negative territory as the All-Share Index closed at 26,448.62 basis points, down by 0.03%.
Top Gainers: CHI Plc earned the best-performing stock, as it gained 10% to close at N0.33, followed by Custodian Plc gained 9.73% to close at N6.20. AIICO Insurance Plc gained 3.13% to close at N0.66. Oando Plc and Prestige Plc gained 2.64% to close at N3.50, and 2.00% to close at N0.51 respectively.
Top Losers: UAC-PROP Plc was the worst-performing stock, dropped by 9.91% to close at N1. Learn Africa Plc also fell by 9.78% to close at N1.11. PZ Plc, which fell by 9.76% to close at N5.55, Vitafoam PLC also fell by 9.74% to close at N3.52. Cutix Plc rounded off the top five losers for the day. The stock shed 6.43% to close at N1.31.
The Nigerian bourse ended the trading week on a positive note leaving the All Share Index (ASI) Stock at 24,306.36 basis points, gaining 0.12%.
Accordingly, Month-to-Date and Year-to-Date losses stand at -0.68 per cent and -9.48% respectively, while market capitalization stood at N12.679 trillion after increasing by N14.76 billion.
Market sentiment, as measured by market breadth, was positive, as 12 stocks gained, relative to 9 decliners. IntBrew, Vitafoam and Glaxosmith led the gainers’ chart, while at the rear of the chart, ABC transport, UBA and GTBank led the chart.
Market upturn was paired with low trading activities compared to the performance recorded yesterday. Total volume and value of stocks traded declined by 29.47 per cent and 62.41 per cent to 131.63 million units and N899.4 million respectively.
STERLNBK was the most traded stock by volume at 17.6million units while ZENITHBANK finished the most traded stock by value at N220.4 million.
Sectoral performance was lukewarm, as one out of the five major sub-indices posted gains, with the Energy and Industrial index closing flat.
The Consumer Goods index (+0.56%) led the gainers, on INTERBREW (+6.94%) and GLAXOSMITH (+4.35%) gains. Losses in UBA (-2.34%), GUARANTY (-1.32%) and ZENITH (-0.30%) impelled losses in the lenders’ Index (-0.68%), followed by the Insurance index (-0.63%), following price decline in REGALINS (-8.33%) and AIICO (-4.26%).
Top gainers
INTBREW up 6.94% to close at N3.85, VITAFOAM up 5.13% to close at N5.33, GLAXOSMITH up 4.35% to close at N4.8,PZ up 3.45% to close at N4.5, MTNN up 0.96% to close at N116.1
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Top losers
ABCTRANS down 8.93% to close at N0.51, UBA down 2.34% to close at N6.25, GUARANTY down 1.32% to close at N22.45, FBNH down 0.95% to close at N5.2, ZENITHBANK down 0.30% to close at N16.7
Outlook
Nigerian bourse finished on a positive note, with blue-chip stocks like MTN, triggering the rally experienced at the end of the trading week. However, Nairametrics envisages cautious buying on the resurgence of COVID-19 cases reported in Nigeria.
Stock Market
Stocks close flat despite buying pressures from ECOBANK, GTBANK
GUARANTY finished the most traded stock by value at N534.4 million.
Nigerian bourse on Thursday closed near flat as the All Share Index dropped slightly by 0.01% to 24,276.56 index points. Consequently, YTD performance presently stands at -9.46%.
Activity level reversed its previous increase as total volumes and values exchanged declined by 19.76% and 49.05% to 186.64 million units and 2.393 billion respectively. Fidelity Bank was the most traded stock by volume at 38.0 million units while GUARANTY finished the most traded stock by value at N534.4 million.
Market sentiment, as measured by market breadth, was negative as 15 stocks declined, relative to 10 advancers with CONOIL and ARBICO as top losers by 10.00% and 9.52% respectively, while STERLNBANK and PZ recorded largest price gains with 5.83% and 3.57% respectively.
READ ALSO: Top banks’ stocks plunge, as bears overwhelms Nigerian tier-2 banks’ rally
Across sectors, three of the five indexes under our coverage gained. Price appreciation in LAW UNION and AIICO INSURANCE moved the Insurance index up by 0.64%, while the Banking and industrial followed to gain 0.60% and 0.02% respectively.
Conversely, the Consumer Goods and Oil & Gas indexes were down 0.64% and 0.45% respectively, on the back of sell-offs in INTBREW, DANGSUGAR and CONOIL.
Top gainers
LAWUNION up 7.00% to close at N1.07,PZ up 3.57% to close at N4.35,ETI up 3.26% to close at N4.75,GUARANTY up 1.11% to close at N22.75ZENITHBANK up 0.60% to close at N16.75,
READ MORE: Nestle hits N1,000 for first time since March Covid-19 lock-down
Top Losers
CONOIL down 10.00% to close at N18.9, ARBICO down 9.52% to close at N1.71, VITAFOAM down 9.30% to close at N5.07, INTBREW down 8.86% to close at N3.6, DANGSUGAR down 0.86% to close at N11.5
Outlook
Nigerian bourse finished on a near stalemate, as buying pressure from top tier-1 banks countered the high sell-offs recorded in CONOIL, VITAFOAM & INTBREW.
However, Nairmetrics envisages you seek the advice of a certified financial advisor when buying financial assets.
Stock Market
Bulls from GTBank, Zenith lifts Nigerian Bourse, Investors gain N94.2 billion
Nigerian bourse finished trading on a positive note with renewed buying interest.
The Nigerian Stock Exchange finished Wednesday’s trading session on a bullish note, with investors gaining N94.2 billion.
Investors’ interest in Wapco, Guaranty Trust Bank and Zenith Bank which rose by 10.00 percent, 6.89 percent and 1.83 percent respectively, spurred the gain witnessed in the market.
The All-Share Index (ASI) advanced by 0.75% to 24,278.07 basis points, to close market capitalization at N12.664 trillion. Accordingly, Month-to-Date and Year-to-Date losses fell to -0.85% and -9.45%, respectively.
READ ALSO: Consumer goods index turns Nigerian Bourse bearish, amidst poor market liquidity
Total volume of trades improved by 49.56 percent to 232.60 million units, valued at N4.69 billion and exchanged in 3,523 deals.
Fidelity Bank was the most traded stock by volume at 37.9million units while MTN Nigeria was the most traded stock by value at N3.21 billion.
Market sentiment, as measured by market breadth, was positive as 25 stocks advanced, relative to 8 decliners with Wapco and JBerger leading the gainers chart by 10% and 9.9% respectively, while Berger Paint and Caverton recorded the largest price shed with 9.63% and 4.4% respectively.
Analyzing by sectors, all the major sub-indexes we cover posted gains with the exception of the Consumer Goods and Oil & Gas Indexes.
READ MORE: Nigerian Breweries, MTN dominate as Nigerian stocks closes lower
Renewed buying interest in Tier-one banking stocks placed the Banking index (+3.41%). The NSE Insurance and Industrial indexes trailed to appreciate by 1.10% and 0.12% respectively.
However, the Consumer Goods and Oil & Gas index closed as the losers for the day, lower by -0.21% and-0.17% as a result of price decline recorded in FLOURMILL, DANGSUGAR and OANDO respectively.
Top gainers
WAPCO up 10.00% to close at N11, JBERGER up 9.90% to close at N17.2, GUARANTY up 6.89% to close at N22.5, ZENITH BANK up 1.83% to close at N16.65, OKOMUOIL up 1.15% to close at N70.5
Top losers
BERGER down 9.63% to close at N6.1, ETI down 4.17% to close at N4.6, CAVERTON down 4.40% to close at N1.74, FLOUR MILL down 2.70% to close at N18, DANGSUGAR down 0.85% to close at N11.6
Explore economic research data from Nairametrics on Nairalytics
Outlook
Nigerian bourse finished on a positive note on Wednesday trading session, with renewed buying interest in Tier-one banking stocks placed the Banking index as the best performing index, coupled with soaring oil prices boosting Nigeria’s macros in the short term. However, Nariametrics envisages you seek the advice of a certified stockbroker when choosing stocks to buy.
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