The Nation Newspaper

Tag: Market capitalisation

  • Expert projects N16trillion market capitalisation in few years

    The Chief Executive officer, First Registrars Limited, Mr. Bayo Olugbemi has projected that the market capitalisation would increase from N13.7 trillion to N16trilioon in the next few years, if stakeholders continue to introduce and develop innovative measures, which include the use of electronic dividends among others.

    He gave this insight at the launch of the first mobile application app by the First Registrars Limited in Lagos recently.

    The introduction of a mobile application, he noted, would enable investors to know the performance of their stocks, the amount of dividends declared by listed companies, how to access the dividends, profits declared and other information that is vital to the growth of the market.

    According to him, market’s portfolios, capitalisation, profitability, All-Share Index, among others, will grow on the back of innovative measures introduced by the management of the Nigerian Stock Exchange and its operators in recent times.

    Also, the immediate past Chairman, National Solidarity Shareholders Association (NSSA) Chief Timothy Adesiyan, said investors need knowledge to know the performance of their stock, adding that they would leverage on the application, to be able to access get the information.

    He said the market is not developing as expected, because their information gap, stressing that the tempo of activities in the market would change soon.

    Echoing similar sentiments, President, Independent Shareholders Association of Nigeria (ISAN), Sir Sunny Nwosu, said the use of a mobile application by investors would help them to understand the workings of the market vis-à-vis fundamentals that grow the market.

  • NSE market indicators down by 1.04%

    NSE market indicators down by 1.04%

    Trading activities on the Nigerian Stock Exchange (NSE) resumed on Monday on a negative note with the market indices dropping by 1.04 per cent, amid sell pressure.

    The News Agency of Nigeria (NAN) reports that the All-Share Index lost 303.34 points or 1.04 per cent to close at 29,002.06 compared with 29,305.40 posted on Friday.

    Also, the market capitalisation which opened at N10.064 trillion shed N104 billion to close at N9.960 trillion.

    A breakdown of the price movement showed that Forte Oil topped the losers’ chart, dropping by N9.51 to close at N180.83 per share.

    Total Nigeria Plc trailed with a loss of N8.52 to close at N181.48, while Guinness shed N5.47 to close at N99.50 per share.

    Lafarge Africa dropped by N3 to close at N67 and Nigerian Breweries lost N1.10 to close at N130 per share.

    Conversely, Oando led the gainers’ table, growing by 68k to close at N7.37 per share.

    Ven Leer followed with a gain of 46k to close at N9.69, while Redstar appreciated by 21k to close at N4.51 per share.

    Continental Reinsurance increased by 5k to close at N1.15 and NPF Micro Finance Bank also surged by 5k to close at N1.25 per share.

    NAN also reports that FBN Holdings emerged the most traded stock, exchanging 21.79 million shares worth N83.12 million.

    It was trailed by Zenith International Bank with 12.51 million shares valued at N189.69 million, while Access Bank sold 11.69 million shares worth N66.19 million.

    Skye Bank transacted 10.83 million shares valued at N10.39 million and UBA sold 9.37 million shares worth N42.84 million.

    In all, investors bought and sold 142.84 million shares valued at N1.35 billion achieved in 3,321 deals.

    NAN reports that this was in contrast with 189.74 million shares worth N2.23 billion transacted in 3,486 deals on Friday.

  • NSE market capitalisation improves by N37bn

    NSE market capitalisation improves by N37bn

    Trading activities on the Nigerian Stock Exchange (NSE) on Friday maintained an upward movement with the market capitalisation increasing further by N37 billion.

    The News Agency of Nigeria (NAN) reports that the market capitalisation, which opened at N8.584 trillion, improved by N37 billion or 0.43 per cent to close at N8.621 trillion.

    Similarly, the All-Share Index rose by 105.33 points or 0.42 per cent to close at 25,062.41 compared with 24,957.08 on Thursday.

    Nigerian Breweries recorded the highest price gain to lead the gainers’ table, gaining N5.51 to close at N115.89 per share.

    PZ came second with N1.01 to close at N21.36 and Presco gained 75k to close at N35.76 per share.

    Cadbury garnered 73k to close at N15.50, while Zenith Bank appreciated by 42k to close at N12.70 per share.

    On the other hand, Forte Oil, for the third consecutive day, topped the losers’ chart, losing N11.28 to close at N214.35 per share.

    Nestle followed with a loss of N4.74 to close at N615.26 and Lafarge Wapco dipped N2.34 to close at N67.99 per share.

    Premier Paints lost 54k to close at N10.39, while UACN dropped 17k to close at N18.03 per share.

    NAN also reports that in spite of the growth posted by market indices, the volume of shares traded closed lower with 229.11 million shares valued at N1.50 billion exchanged in 3,493 deals.

    This was in contrast with a total of 338.34 million shares worth N1.99 billion transacted in 3,428 deals on Thursday.

    UBA was investors delight, accounting for 31.55 million shares valued at N107.28 million.

    Transcorp trailed with a turnover of 29.10 million shares worth N28.91 million, while Zenith Bank accounted for 26.50 million shares valued at N333.59 million.

    Further analysis showed that investors staked N19.95 million on 25.05 million shares of Wema Bank and FBN Holdings sold 20.02 million shares worth N73.05 million.

     

  • NSE market capitalisation increases by N66bn

    NSE market capitalisation increases by N66bn

    Transactions at the Nigerian Stock Exchange (NSE), on Tuesday for the second consecutive day maintained an upward trend with the market capitalisation improving further by N66 billion.

    The News Agency of Nigeria (NAN) reports that the market capitalisation, which opened trading for the day at N9.189 trillion, rose by N66 billion or 0.72 per cent to close at N9.255 trillion.

    The All-Share Index also rose by 189.58 points or 0.71 per cent to close at 26,918.22 against 26,728.64 posted on Monday.

    Forte Oil led the gainers’ table with a gain of N18.90 to close at N273 per share.

    It was trailed by Mobil Oil having garnered N10.20 to close at N130.20, while Nigerian Breweries appreciated by N5.80 to close at N121.80 per share.

    Lafarge Africa increased by N1.75 to close at N153 per share.

    Conversely, GT Bank topped the laggards’ chart, dropping by N1 to close at N19 per share.

    PZ lost 67k to close at N28.31, while Port Land Paint and Products dropped by 16k to close at N3.42 per share.

    Zenith Bank declined by 13,000 to close at N13.70, while Transcorp shed 12k to close at N1.33 per share.

    Also, the volume of shares traded closed higher with a total of 397.26 million shares valued at N2.64 billion exchanged in 2,683 deals.

    NAN reports that this was in contrast with 195.98 million shares worth N2.39 billion traded in 2,387 deals.

    Wema Bank was the most active stock, exchanging 161.46 million shares worth N138.89 million.

    Fidelity Bank followed with 60.52 million shares valued at N84.31 million, while GT Bank accounted for 34.35 million shares worth N656.64 million.

    FBN Holdings traded 24.57 million shares valued at N115.41 million and UBA sold 23.81 million worth N84.06 million.

  • NSE market capitalisation rises by N37bn

    NSE market capitalisation rises by N37bn

    The market indicators of the Nigerian Stock Exchange (NSE) for the second consecutive day maintained an upward trend with the market capitalisation appreciating by N37 billion, due to price gains.

    The News Agency of Nigeria (NAN) reports that the market capitalisation rose by N37 billion or 0.36 per cent to close at N10.422 trillion against N10.385 trillion achieved on Monday.

    Also, the All-Share Index rose by 106.10 points or 0.36 per cent to close at 30,325.11 compared with 30,219.01 posted on Monday.

    Forte Oil led the gainers’ table, increasing by N9.90 to close at N289.90 per share.

    Glaxosmithkline followed with a gain of N2.04 to close at N39, while PZ Industries appreciated by N1.18 to close at N25.18 per share.

    Flour Mills grew by 51k to close at N21.41 and ETI appreciated by 45k to close at N18.75 per share.

    Conversely, Unilever recorded the highest price loss to lead the losers’ chart, dropping by N2.17 to close at N44.83 per share.

    Guinness trailed with a loss of N2.15 to close at N144, while Beta Glass dipped N1 to close at N43 per share.

    Seplat declined by 50k to close at N234.50, while Vitafoam lost 27k to close at N5.12 per share.

    Also, the volume of shares traded rose by 134.89 per cent as investors’ staked N3.22 billion on 245.39 million shares transacted in 2,988 deals.

    NAN reports that this was against the 104.47 million shares worth N1.93 billion traded in 2,930 deals.

    Wema Bank drove the volume of share traded with an exchange of 61.59 million shares worth N60.34 million.

    Zenith Bank followed with 37.27 million shares worth N641.06 million, while UBA Capital sold 19.27 million shares valued N25.92 million.

    Transcorp traded 18.26 million shares worth N38.02 million, while Africa Alliance Insurance exchanged 18.06 million shares valued N9.03 million.

  • Market capitalisation improves by N46b

    Market capitalisation improves by N46b

    Activities at the Nigerian Stock Exchange (NSE) made an impressive record on Friday with the market capitalisation improving by N46 billion.

    The News Agency of Nigeria (NAN) reports that the market capitalisation, which opened at N10.207 trillion, rose by N46 billion or 0.45 per cent.

    Also, the All-Share Index appreciated by 134.13 points or 0.45 per cent to close at 29,834.21 against 29,700.08 recorded on Thursday.

    Forte Oil posted the highest price gain, leading the gainers’ pack with N10 to close at N280 per share.

    UACN garnered N1.20 to close at N28.05 while Zenith Bank gained 66k to close at N17.51 per share.

    GT Bank appreciated by 47k to N23.51 while Nigerian Breweries increased by 31k to N135.32 per share.

    Conversely, Mobil Oil topped the losers chart, shedding N7 to close at N148 per share.

    Guinness trailed with a loss of N1 to close at N150 and Transcorp lost 68k to close at N6.42 per share.

    ETI shed 55k to close at N18.30 while Flour Mills declined by 31k to close at N20.70 per share.

    NAN also reports that the volume of shares traded rose by 106.76 per cent with a total of 357.36 million shares valued N2.34 billion, exchanged in 2,510 deals.

    This was in contrast with 172.84 million shares worth N3.44 billion traded in 3,226 deals on Thursday.

    Capital Oil was investors’ delight, trading 200 million shares worth N100 million in three deals.

    GT Bank came second with a total of 44.01 million valued N1.03 billion traded in 178 deals while Continental Insurance accounted for 15.19 million shares worth N15.19 million in 13 deals.

    UBA sold 13.05 million shares valued N55.19 million, achieved in 186 deals and ETI recorded 11.13 million shares worth N203.72 million, transacted in 31 deals.

  • Market capitalisation dips by N139b

    Market capitalisation dips by N139b

    Transactions on the Nigerian Stock Exchange (NSE) on Thursday ended on a negative spiral on profit taking as major stocks recorded huge losses.

    The market capitalisation of the listed equities fell by N139 billion to close at N13.397 trillion, down from N13.536 trillion Wednesday’s close. Also, the Nigerian Stock Exchange All Share Index declined by 422.77 basis points or 1.03 per cent from 40,995.02 basis points to close at 40,572.25 basis points.

    Forte Oil lost N7.45 to lead the losers’ chart and closed its shares’ value at N217.55 per share. Dangote Cement’s stock depreciated by N4.65 to close at N215.15, while Total dipped by N4.50 to close at N175.50 per share.

    Glaxosmith lost N1 to close at N61 and CCNN fell by 73 kobo to close at N15.02 per share.

    On the gainers’ chart, Mobil’s shares went up by N2.92 to close at N176 per share. Conoil gained N2.46 to close at N51.82, while Champion grew by N1.39 to close at N14.99 per share.

    Nigerian Breweries rose by N1.30 to close at N180.10 and International Breweries appreciated by 57 kobo to close at N31.47 per share.

    In all, 698.842 million stocks worth N6.07 billion were traded on Thursday in 4,833 deals with 18 equities recording price appreciation and 35 shares recording price depreciation.

    Transcorp emerged as the most-traded stock, accounting for 461.03 million shares worth N2.43 billion. Zenith Bank came second with an exchange of 36.85 million shares valued at N883.40 million, while ETI sold 22.92 million shares worth N430.23 million.

    Skye Bank traded 20.83 million shares valued at N430.23 million, while UBA transacted 19.51 million shares worth N128.38 million.

    Capital markets analysts had said ahead of this week that although gains were expected intermittently in the coming weeks, investors were likely going to remain cautious.

    Analysts at Meristem Securities Limited in their investment guide for the week said the equities outlook remained dreary.

    They said, “We are of the opinion that, notwithstanding pockets of positive returns which we expect will be witnessed intermittently, the general market mood will likely remain calm.

    “We continue to extol the virtue of holding certain stocks which we forecast will return positive despite weak general market sentiments.”