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Stock Market
Nigerian Stocks drop amid strong gains in TOTAL, SEPLAT, ARDOVA
SEPLAT, TOTAL, and BOC (+10.00%) led the gainer’s chart today, while DANGCEM (-8.13%) was the top loser.
Nigerian Stocks ended the last trading session of the week on a bearish note.
The All Share index dropped by -1.16% to settle at 40,120.22 index points due to price gain in DANGCEM. Consequently, the Nigerian Stock market year to date return and market capitalization settled at -0.37%, and N20.97 trillion, respectively.
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- A total volume of 333.3 billion units of shares, valued at N3.64billion exchanged hands in 5,142 deals. ACCESS was the most traded shares by volume with 35.1 million units, while GUARANTY and ZENITHBANK topped by value at N821 million and N606 million respectively.
- Market sentiment was, however, positive as market breadth came in at 3.54x with 39 advancers and 11 decliners. SEPLAT, TOTAL, and BOC (+10.00%) led the gainer’s chart today, while DANGCEM (-8.13%) was the top loser.
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Top gainers
- SEPLAT up 10.00% to close at N496.1
- TOTAL up 10.00% to close at N143
- BOCGAS up 10.00% to close at N12.65
- ARDOVA up 9.73% to close at N16.35
- OKOMUOIL up 2.78% to close at N92.5
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Top Losers
- DANGCEM down 8.13% to close at N225
- UPL down 2.34% to close at N1.25
- REDSTAREX down 0.87% to close at N3.4
- VITAFOAM down 0.56% to close at N8.95
- WAPCO down 0.45% to close at N22.3
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Outlook
Nigerian Stocks ended the last trading session of the week on a negative note amid soaring oil prices prevailing at the U.S trading session.
- Buying pressure from blue-chip stocks, particularly energy stocks, couldn’t aid Nigerian Stocks bulls amid significant sell-offs seen in some notable NSE30 stocks like Dangote Cement, WAPCO.
- Nairametrics expects you to seek the advice of a certified stockbroker or financial advisor in choosing stocks to buy, as some Nigerian stocks exhibit cyclic return.
Stock Market
Livestock Feeds shares have gained N1.6 billion since January 4
Livestock Feeds has gained N1.6 billion since the open of trade on the Nigerian Stock Exchange this year.
Spotlight Stories
MTN, SEPLAT, ARDOVA, rally Nigerian stocks up
NSE30 stocks including, SEPLAT, ARDOVA, MTN triggered the upward run at Thursday’s trading session.
Nigerian Stocks ended Thursday’s trading session on an impressive note.
The All Share Index gained by 1.54% to close at 40,963.14 index points as against +0.11% upsides recorded on Wednesday.
- Its Year-to-Date (YTD) returns currently stands at +1.72%. Nigerian Stock Exchange market value now stands at N21.4 trillion
- Nigerian bourse trading volume also surged higher, on the account volume ticked up by 72.89% as against the 59.86% plunge recorded yesterday. TRANSCORP, MBENEFIT and GUARANTY were the most active to boost market turnover.
- The market breadth closed positive as CHAMPION led 49 Gainers as against 7 Losers topped by COURTVILLE at the end of today’s session – an improved performance when compared with the previous outlook.
Top Gainers
- NASCON up 9.72% to close at N17.5
- ARDOVA up 9.25% to close at N21.85
- SEPLAT up 8.76% to close N540
- DANGCEM up 3.04% to close at N237
- MTNN up 1.82% to close at N168
Top Losers
- NEIMETH down 6.36% to close at N2.06
- COURTVILLEdown 8.33% to close at N0.22
- JAIZBANK down 2.78% to close at N0.7
- NAHCO down 1.75% to close at N2.25
- GUINNESS down 0.26% to close at N18.85
Outlook
Nigerian Bourse recorded an impressive winning streak this week as some NSE30 stocks including, SEPLAT, ARDOVA, MTN triggered the upward run at Thursday’s trading session.
- The Nigerian Stock market advance to close in positive territory as buying interest was seen on stocks across the board.
- Nairametrics however, envisage cautious buying, amid improved market conditions in Nigeria’s financial market.
Stock Market
Japaul stocks show no sign of slowing down, increase by 104% in 2021
Japaul stocks have gained 104% so far this year, as investors continue to bid the shares of the company higher.
Japaul Gold stocks have continued with its streak of gains today with no sign of slowing down, as the shares of the company gain 9.45% at mid-day on the floor of the Nigerian Stock Exchange, taking its year-till-date gains to 104%.
Source: Meristem
Checks by Nairametrics at today’s trading session revealed that the company which has become investors’ delight on the exchange, yet again gained an additional 12 kobo, which translates to 9.45%, as the share price of the rebranded company clears at N1.39, with 10 million shares of the company exchanged in 43 deals worth over N14 million.
Source: Meristem
As of 12:55 WAT, during active trading on the floor of the Nigerian Stock Exchange, the bid books of the company revealed that almost 100 million bids have been placed at today’s price of N1.39 in 70 orders for the shares of the company, without a single offer.
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This suggests that the share price of the company will close at N1.39 today, and the momentum of the recent increase in the shares is expected to extend over to tomorrow.
What you should know
- Mr. Ahmed Jinad, Head, Investment Research, Meristem Securities Limited, who spoke at today’s webinar organized by Meristem, revealed that the key driver behind the recent gains in the shares of the company on NSE remains the recent restructuring process of the former oil servicing company into its new business of mining natural resources.
- As investors are optimistic about the performance of the company in this new line of business, it is important to note that the Management of Japaul has taken avid steps by rebranding and changing its logo and name from Japaul Oil & Maritime Services to Japaul Gold & Ventures Plc.
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- The company has also partnered H&H Mines Limited to mine gold, it is also set to receive approval in principle from representatives of H&H Mines Ltd for Japaul to invest in or acquire some shares of the company.
