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Stock Market
Stanbic, Cadbury, Nigerian Breweries lift Nigerian bourse slightly up
The All Share index gained slightly by 0.02% to 28,344.04 points.
Nigerian stock market closed in a near stalemate trading session on Tuesday.
The All Share index gained slightly by 0.02% to 28,344.04 points.
- A total volume of 535.8 million units of shares, valued at N5.01billion exchanged hands in 4,498 deals. REGALINS finished as the most traded shares by volume at 245.7million units, while GUARANTY topped the market value list at N3.00billion.
- The market breadth index was positive with 18 gainers against 15 losers. ETERNA (9.77%) and INTBREW (9.56%) led the Gainers chart for the day, while ETRANZACT (-9.79%) and CUSTODIAN (-4.76%) closed top losers.
- Across sectors, three of the five indexes under our coverage gained. Price appreciation in INTBREW (+9.56%), CADBURY (+1.40%), and NB (+1.03%) improved the NSE Consumer Goods Index by +0.88%.
- The NSE Insurance and Oil & Gas Indexes followed to gain 0.34% and 0.11% respectively. Conversely, the Banking index depreciated by -1.18%% on the back of sell-offs in UBA (-2.94%) and GUARANTY (-2.48%), while the Oil and Gas Index closed flat.
Top gainers
INTBREW up 9.56% to close at N4.7
ETERNA up 9.77% to close at N4.38
STANBIC up 3.53% to close at N44
CADBURY up 1.40% to close at N7.25
NB up 1.03% to close at N49.1
Top losers
ETRANZACT down 9.79% to close at N2.12
CUSTODIAN down 4.76% to close at N5
AFRIPRUD down 3.75% to close at N5.39
UBA down 2.94% to close at N6.6
GUARANTY down 2.48% to close at N29.55
Outlook
Nigerian bourse rose slightly higher amid growing unrest among Nigerian youths on Police reforms.
- Buying pressures from Stanbic, Cadbury, Nigerian Breweries neutralized significant selling pressures noticed in GTBank, UBA, and Custodian.
- Nairametrics envisages cautious buying, as recent price action bias tilts toward an overbought position.
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.
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
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
BUA CEMENT down 1.25% to close at N79.00
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%.
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.
