Connect with us

Stock Market

MTN, ZENITH BANK, FCMB record gains, investors up by N26.6 billion

VITAFOAM led 19 gainers as against 6 losers topped by NEIMETH at the end of today’s session.



investors, Bulls gain momentum, as stimulus package lifts global financial markets, Bulls boost global financial market, gold hits 7 years high, Dangote, Tier-1 banks lead the bulls to close Nigerian stock market green

Nigerian Stock Exchange continued its bullish run for the fourth consecutive trading session this week.

Nigerian All Share Index gained 0.20% to close at 25,511.02 basis points as against 0.18% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -4.96%.

Nigerian Stock Market capitalization now stands at N13.308 trillion. Investors gained N26.6 billion.

Nigerian bourse trading turnover closed upward, as trading turnover moved up by 28.18% as against -83.11% plunge recorded on Wednesday’s trading session. TRANSCORP, ZENITHBANK, and LASACO were the most active to boost market turnover.

Market breadth closed positive as VITAFOAM led 19 Gainers as against 6 Losers topped by NEIMETH at the end of today’s session – an improved performance when compared with the previous outlook.


Top gainers

  • VITAFOAM up 5.09% to close at N5.78
  • FCMB up 4.76% to close at N2.2
  • UACN up 4.20% to close at N6.2
  • ZENITHBANK up 1.47% to close at N16.95
  • MTNN up 0.51% to close at N118.6

Top losers

  • NEIMETH down 6.50% to close at N1.87
  • AIICO down 5.26% to close at N0.9
  • STERLNBANK down 4.80% to close at N1.19
  • TRANSCORP down 1.69% to close at N0.58
  • FIDELITYBK down 0.55% to close at N1.8


Nigerian bourse continued its bullish trend this week, as NSE30 stocks like MTN, ZENITH, kept the bulls roaring up at Nigeria’s Stock Market trading session. It should also be noted that the recent stability in Nigeria’s FX market provided the needed stability among traders’ bias in today’s trading session.

However, Nairametrics envisage cautious buying over growing COVID-19 caseloads in Nigeria’s major markets, that include the U.S.Europe, and a large part of Asia.

Olumide Adesina is a France-born Nigerian. He is a Certified Investment Trader, with more than 15 years of working expertise in Investment trading. Follow Olumide on Twitter @tokunboadesina or email [email protected] He is a Member of the Chartered Financial Analyst Society.

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stock Market

Dangote Cement, Lafarge drag Industrial Index up by 2.84% to close the second week in green

The NSE Industrial Index appreciated by 2.84% during the week to close the week 57.03 index points higher.



Top 10 stockbroking firms trade N1.35 trillion on stocks in 2019, Nigerian stockbrokers facing extinctionBanking stocks lay anchor on the shaky waters of Nigerian Stock Market, Nigerian banking stocks ignore red flags, boost nigeria stock market, stock market

The Nigerian Stock Exchange Industrial Index appreciated by 2.84% during the week to close at 57.03 index points higher, as shares of Dangote Cement, Lafarge, WAPCO dragged the index to close the second week of 2021 higher, amid renewed buying interest by local investors.

Checks by Nairametrics revealed that the NSE Industrial index, as of close of trading activities on Friday, stood at 2,062.29 index points from 2,005.26 index points at the open of trade on Monday 11th January 2021.

What you should know

  • The NSE Industrial Index was designed to provide an investable benchmark to capture the performance of the Industrial Sector. It comprises the most capitalized and liquid companies in the industrial sector and is based on the market capitalization methodology.
  • The index monitors the performance of ten industrial companies on the Nigerian Stock Exchange which includes, Dangote, BUA and Chemical Allied Products.
  • Consequently, the performance of the companies was relatively balanced as the index closed on a positive note with 5 gainers relative to 5 losers. MEYER (+10.00%) led the gainer’s chart for the week, while CUTIX (-8.75%) was the top loser.

Top Gainers

MEYER up 10.00% to close at N0.55

PORTPAINT up 9.84% to close N2.68


WAPCO up 6.73% to close at N23.80

CAP up 3.25% to close at N20.65

DANGCEM up 2.31% to close at N230.20

Top Losers

Coronation ads

CUTIX down 8.75% to close at N2.19

NOTORE down 4.00% to close at N60.00

BETAGLAS down 2.17% to close at N54.20

BERGER down 1.36% to close at N7.25

Coronation ads

BUA CEMENT down 1.25% to close at N79.00

Stanbic IBTC

Continue Reading

Stock Market

Flour Mills Nigeria gain N28 billion on NSE in 10 trading days

Flour mills gained N28 billion on the Nigeria Stock Exchange in just ten trading sessions, as the share price rose by 26.15%.



Flour Mills makes one of the largest contributions to COVID-19 relief fund

Shares of Flour Mills Nigeria Plc, Nigeria’s leading food business company, have gained N28 billion on the Nigeria Stock Exchange, in just 10 trading days this year.

After a preview of the performance of the shares of Flour Mills, Nairametrics discovered its shares increased by 26.15% within the review period.

The increase witnessed in the company’s share price was triggered by renewed buying interests among investors for the shares of Flour Mills, on the back of its robust fundamental strength, and the impressive financial results the food and agro-allied company delivered in 2020.

Checks by Nairametrics also revealed that the company has gained N27,882,581,314.00 on the NSE so far this year. This is logical as the buying interest in the shares of the company saw the market capitalization increase from N106.61billion on the 4 January 2021, to N134.49billion at the close of trade on the exchange today.

What you should know

  • The impressive valuation and the current price of the company, which some investors see as under priced given the solid fundamental strength of the company, spiked buying interest in its shares.
  • Former GMD of Flour Mills, Paul Miyonmide and the Vice-Chairman of the Company, Chief Emmanuel Ukpabi, acquired additional shares of the company worth millions of naira since the company released its Q2 Financial Report on 27 October 2020.

Continue Reading

Stock Market

Access Bank shares gain N44.4 billion in first 10 days of trading

Market capitalization moved from N300.36 billion as at the 4th of January, 2021 to N346.57 billion.



Access Bank, Scam Alert: Access Bank issues warning to customers over fraudulent acts , Director, West Africa region, IE, Onyekachi Eke, Access Bank lists N30 billion bonds on NSE , Access Bank, Zenith Bank Plc, Access Bank Plc and United Bank for Africa Plc, Zenith Bank Plc, Access Bank Plc and United Bank for Africa Plc, A new BVN guideline to curb e-fraud is coming soon - CBN announces , Access Bank donates 66 laptops to children in underserved communities, Access Bank postpones closed period for 2019 Year-End financial statement, Access Bank dispels rumour about its CEO being arrested, Access Bank set to establish subsidiary in Cameroon after acquiring Kenyan bank, Access Bank finally acquires Kenyan bank, Transnational Bank Plc, Herbert Wigwe: We are clamping down on malaria with the Malaria-To-Zero Initiative, Access Bank to list N15 billion green bond on Luxembourg Stock Exchange 

The shares of Access Bank Nigeria Plc have gained N44.4 billion since the commencement of trading at the Nigerian Stock Exchange (NSE) market on the 4th of January 2021 – 10 days of transaction.

This was uncovered by Nairametrics after tracking the performance of the shares of the bank on the floor of the NSE.

This is sequel to efforts by the group to further expand its territory and consolidate on its growth potentials, evident by its obtaining of regulatory approval to operate as a holding company and completion of the Cavmont Bank Limited deal, as reported by Nairametrics.

Nairametrics learnt that a combination of impressive financial performance by the group, evident by its 9M 2020 results, and the increased buying interest in its shares, all contributed to the upward movement of the bank’s market capitalization, from N300.36 billion to N344.79 billion, indicating a gain of 14.8% in the review period.

What you should know

  • Access Bank Plc had earlier reported a Profit After Tax of N102.3 billion for 9M 2020, up by 15.7%
  • At the time of this report, Access Bank Plc shares traded at N9.7, compared to an opening price of N8.45, indicating an increase of 14.8%.
  • The outstanding shares of the firm currently stand at 35,545,225,622 units.

Continue Reading