Mixed sessions on NSE, as investors await earnings amidst high dividend yields

Why Nigerian stocks are turning around

Mixed sessions on NSE, as investors await earnings amidst high dividend yields   Trading on the Nigerian Stock Exchange at the midweek remained volatility and mixed, with a slowdown in profit booking momentum on as players continue repositioning in dividend paying and high yield stocks, The All-Share index extended its losing position for the third consecution day, just as the changing trading pattern and the market holding structure has supported the market so far, despite profit taking during the session as all eyes are on the expected earnings season. We…

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Post-MPC Meeting: Investors shed caution mode, as NGSE index climbs higher

Equities market CAP gains 94 billion to reclaim N20trn mark

By Investdata Analysts Equity prices closed higher on the Nigerian Stock Exchange (NSE) at midweek as buying pressure increased as if to confirm that investors were waiting to see whether the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) would pull a surprise at its first meeting of the year which ended on Tuesday. The exchange thereby extended the bull transition for a third successive session on a high traded volume and positive sentiment for Telecoms, Insurance, Banking, Industrial and consumer goods stocks, which pushed the composite…

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NSE’s N38.56trn value: Between IPO and debt capital raising

NSE’s N38.56trn value: Between IPO and debt capital raising   At the close of the year 2020, the aggregate worth of investment at the Nigerian Stock Exchange (NSE) swelled to N38.56 trillion. This comprises of the two segments of the market, namely equities and bond. The NSE’s equity market capitalization was up by 62.42 per cent, from N12.97 trillion in 2019 to N21.06 trillion in 2020 while market turnover saw an uptick of 7.25 per cent, from N0.96 trillion in 2019 to N1.03 trillion in 2020. The equities market experienced…

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How local investors dominate N1.03trn share deals in 2020 – Onyema

Oscar Onyema completes tenure as CEO of Nigerian Stock Exchange

How local investors stimulate N1.03trn share deals in 2020 – Onyema   Oscar Onyema, the chief executive officer of the Nigerian Stock Exchange (NSE) has given details of how the local bourse benefited from dominant participation of local investors in 2020. Delivering his presentation at the NSE’s annual 2020 Market Recap and 2021 Outlook on Tuesday, Onyema noted that while transaction value in the market surged to N1,03 trillion in the year under review, local investors were responsible for most of the share deal, outperforming their foreign counterpart. “Noteworthy is…

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Equities bullish with N213bn gain as investors trade N11.5bn shares

Equities make rebound attempt with N30bn gain In a struggle between the bear and bull camps, the bulls managed to reclaim the trading floor of the Nigerian Exchange Limited on Wednesday by closing the session on N30 billion gain. The gain of the day was however a mere attempt to recover a whooping loss of N340 billion to sell-offs in the preceding session. Business Metrics also observed that the N30 billion profit was a narrow escape from another bearish experience that prevailed for most of trading hours of the day before activities in the shares or MTN Nigeria at the eleventh hour averted the crisis and thus, spurred the first gain of the week. As MTN gained 1.2 per cent to close the day, the benchmark index inched higher by 0.15 per cent to 38,564.70 basis points, while market capitalisation followed suit to close higher at N20.099 trillion. Consequently, the Month-to-Date (MtD) return increased to +0.3 per cent, while the Year-to-Date (YtD) loss moderated to -4.2 per cent. Sectoral performance was mixed, as the Oil & Gas and consumer goods indices gained +0.9 per cent and +0.2 per cent respectively, while the insurance and banking indices closed in the red by -0.5 per cenr and -0.3 per cent in that order. The Industrial Goods index was flat. Turnover for the session was mixed as total volume traded increased by 1.81 per cent against shrinking trade value that plunged by 23.02 per cent. At the close of the session, investors collectively traded 302.72 million share units, valued at N2.81 billion, and exchanged in 4,387 deals. This is in contrast with 297.34 million shares worth N3.65 billion that exchanged hands in 4,402 transactions in the previous session. According to trading statistics obtained from the Nigerian Exchange Limited, STERLNBANK was the most traded stock by volume at 37.47 million units, while GUARANTY was the most traded stock by value at N745.34 million. As measured by market breadth, market sentiment turned positive (1.4x) as 27 tickers gained, relative to 20 losers. CORNERST and MORISON recorded highest gains of the day as they appreciated by 10.0 per cent and 9.7 respectively. On the flip side, while both ABBEYBDS and CHIPLC shed -9.5 per cent in share prices to top the losers’ list.

Equities bullish with N213bn gain as investors trade N11.5bn shares   It was yet another day for equity investors in Nigeria to smile all the way to the bank as the domestic equities market maintained gaining streak. The All-Share Index (ASI) notched a 1.03 per cent gain to close at 39,512.39 basis points on Wednesday. This is equivalent to N213 billion profit for investors and as such, market capitalization of the equity market hit N20.66 trillion to close the session, higher than N20.447 trillion it closed the previous session. Meanwhile,…

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MPC decision reignites interests in stocks as investors gain N113bn

equities index rebounds by 0.17

The bulls resurfaced in the domestic bourse on Tuesday following announcement at the end of the Central Bank Nigeria’s Monetary Policy Committee’s meeting that monetary parameters would be held constant to hasten economic recovery. Market analysts observed that the development contributed to the rebound recorded in the stock market as the All-Share Index (ASI) gained 218.78 points or by 0.64 per cent to close at 34,340.56 basis points. Similarly, the aggregate value of equities in the market surged with the same percentage points, translating to N113 billion for equities investors…

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Equities sustain third bullish session with N42bn

Equities make rebound attempt with N30bn gain In a struggle between the bear and bull camps, the bulls managed to reclaim the trading floor of the Nigerian Exchange Limited on Wednesday by closing the session on N30 billion gain. The gain of the day was however a mere attempt to recover a whooping loss of N340 billion to sell-offs in the preceding session. Business Metrics also observed that the N30 billion profit was a narrow escape from another bearish experience that prevailed for most of trading hours of the day before activities in the shares or MTN Nigeria at the eleventh hour averted the crisis and thus, spurred the first gain of the week. As MTN gained 1.2 per cent to close the day, the benchmark index inched higher by 0.15 per cent to 38,564.70 basis points, while market capitalisation followed suit to close higher at N20.099 trillion. Consequently, the Month-to-Date (MtD) return increased to +0.3 per cent, while the Year-to-Date (YtD) loss moderated to -4.2 per cent. Sectoral performance was mixed, as the Oil & Gas and consumer goods indices gained +0.9 per cent and +0.2 per cent respectively, while the insurance and banking indices closed in the red by -0.5 per cenr and -0.3 per cent in that order. The Industrial Goods index was flat. Turnover for the session was mixed as total volume traded increased by 1.81 per cent against shrinking trade value that plunged by 23.02 per cent. At the close of the session, investors collectively traded 302.72 million share units, valued at N2.81 billion, and exchanged in 4,387 deals. This is in contrast with 297.34 million shares worth N3.65 billion that exchanged hands in 4,402 transactions in the previous session. According to trading statistics obtained from the Nigerian Exchange Limited, STERLNBANK was the most traded stock by volume at 37.47 million units, while GUARANTY was the most traded stock by value at N745.34 million. As measured by market breadth, market sentiment turned positive (1.4x) as 27 tickers gained, relative to 20 losers. CORNERST and MORISON recorded highest gains of the day as they appreciated by 10.0 per cent and 9.7 respectively. On the flip side, while both ABBEYBDS and CHIPLC shed -9.5 per cent in share prices to top the losers’ list.

The Bullish outlook of the Nigerian Stock market sustained it’s third day in a row as the market again commenced week on Monday with another wave of profit to a tune of N42 billion. The appreciation in stock value came on the back of bargain buying in Dangcem and some banking stocks, thus raisin the benchmark index of the market by 28 percentage points. Consequently, the All-Share Index (ASI) added 80.9 points to close at 28,777.96 basis points while market capitalisation rose in the same proportion to close at N15.042…

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NGSE Volatility May Linger, As Investors Await More Q3 Earnings Reports

Market Update for October 22 By Investdata Analysts It was a slightly mixed but volatile session on Thursday on the Nigerian Stock Exchange (NSE) as prices of medium and high cap stocks rebounded on seeming improved buying interest that reflected the day’s positive market breadth. The key performance index closed higher on a low traded volume and buying pressure, pausing the effects of the #EndSARS saga which has heightened sociopolitical risks and the oscillating crude prices. The rebound is attributable to earnings expectations, even as sustainability of this trend remains…

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#EndSARS Crisis: Investors count losses as stock market sheds N113bn

How stock investors lose N416bn in four days

The Nigerian bourse on Wednesday closed lower to reverse the previous day’s gain on the back of what market analysts called fear of insecurity arising from #EndSARS protest that degenerated into mayhem across the country. In the last two days, the country has witnessed spate of attacks on some public and private properties and infrastructure while more sadly, many Nigerians and security officials, especially in the country’s economic capital, have lost their lives to the crisis As the situation degenerates, there is panic in the capital market, and this contributed…

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Marginal Rebound On NGSE, As Investors Keep Eyes On Q3 Earnings, Data

Market Update for October 13 By Investdata Analysts Tuesday’s was a very volatile and mixed session on the Nigerian Stock Exchange (NSE), as buying interest in medium cap and growth stocks resurfaced to halt the profit taking that had been in motion for four trading sessions. The composite index closed marginally higher, resisting further decline on an above-average traded volume and improved demand for equities in expectation of more Q3 earnings reports. The expected numbers are very important to every investors and analysts because company performance at this time will…

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