Zenith Bank, Fidelity Bank, Access Holdings Dominate NGX Activity Chart

Published 3 weeks ago• 8 minute read

zenith bank branch

The trio of Zenith Bank, Fidelity Bank, and Access Holdings were the busiest shares on the floor of the Nigerian Exchange (NGX) Limited last week.

They transacted 451.558 million shares worth N13.583 billion in 10,055 deals, contributing 24.84 per cent and 28.76 per cent to the total trading volume and value, respectively.

Data showed that investors bought and sold 1.818 billion shares worth N47.226 billion in 64,222 deals in the five-day trading week compared with 1.848 billion shares valued at N51.387 billion transacted a week earlier in 63,090 deals.

The financial services industry led the activity chart with 1.260 billion shares valued at N27.817 billion traded in 29,800 deals, contributing 69.31 per cent and 58.90 per cent to the total trading volume and value, respectively.

The consumer goods sector recorded the sale of 123.336 million shares worth N3.069 billion in 7,793 deals, while the services counter sold 118.931 million shares for N832.602 million in 3,730 deals.

reports that 30 stocks appreciated during the week versus 27 stocks of the preceding week, 58 equities depreciated versus 60 equities a week earlier, and 62 shares closed flat versus 63 shares of the previous week.

Tantalizers topped the gainers’ log after it gained 36.32 per cent to settle at N2.59, UH REIT expanded by 28.59 per cent to N56.90, Livestock Feeds soared by 12.38 per cent to N8.35, NGX Group grew by 10.00 per cent to N33.00, and Learn Africa also rose by 10.00 per cent to N3.63.

On top of the losers’ table was Eterna, which lost 18.69 per cent to quote at N34.15, Transcorp shed 17.72 per cent to N46.90, FCMB declined by 14.15 per cent to N9.10, Royal Exchange slumped by 13.33 per cent to 78 Kobo, and Sovereign Trust Insurance depreciated by 13.16 per cent to 99 Kobo.

The stock exchange did not perform well last week as a result of sustained profit-taking, inspired by panic selling, leaving the All-Share Index (ASI) and the market capitalisation crumbling by 1.19 per cent and 0.71 per cent each to 106,538.60 points and N66.717 trillion, respectively.

Similarly, all other indices finished lower apart from the AseM and commodity indices, which gained 0.04 per cent and 0.19 per cent, respectively.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

Published

12 minutes ago

10/03/2025

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Published

2 hours ago

10/03/2025

NASD Unlisted Securities Index

The NASD Over-the-Counter (OTC) Securities Exchange ended in green territory for the sixth straight session in Week 10 after it closed higher by 27.31 per cent.

Data indicated that the NASD Unlisted Security Index (NSI) went up last week by 75.07 points in the week to 3,370.39 points from the preceding week’s 3,295.32 points.

In the same vein, the market capitalisation expanded by N79.79 billion to N1.946 trillion from N1.866 trillion, helped by the admission of a new member to the bourse, Infrastructure Credit Guarantee Company (InfraCredit) Plc.

In the week, Okitipupa Plc gained 29.8 per cent to end at N298.00 per share versus N229.52 per share, Newrest ASL appreciated by 10 per cent to N34.52 per unit from N31.38 per unit, Nipco Plc also improved by 10 per cent to N181.63 per share from N165.12 per share, and NASD Plc jumped by 9.9 per cent to N20.63 per unit from N18.76 per unit.

Further, Food Concepts Plc added 9.8 per cent to its price to close at N1.67 per share compared with the previous week’s N1.52 per share, UBN Property Plc rose by 5.7 per cent to N1.85 per unit from N1.75 per unit, Central Securities Clearing System (CSCS) Plc soared by 1.5 per cent to N23.02 per share from N22.68 per share, and Afriland Properties Plc advanced by 1.4 per cent to N22.90 per unit from N22.59 per unit.

On the flip side, First Trust Microfinance Plc lost 9.6 per cent to sell for 47 Kobo per share versus 52 Kobo per share, Industrial and General Insurance (IGI) Plc declined by 9.3 per cent to 39 Kobo per unit from 47 Kobo per unit, Geo-Fluids Plc slipped by 9.1 per cent to N2.91 per share from N3.20 per share, and FrieslandCampina Wamco Nigeria Plc crashed by 2.9 per cent to N37.00 per unit from N38.02 per unit.

In the five-day trading week, the volume of trades went down by 42.5 per cent to 4.59 million units from 7.99 million units and the value of transactions declined by 55.0 per cent to N128.1 million from N284.7 million.

FrieslandCampina Wamco Nigeria Plc was the most active by value last week with N74.8 million, followed by CSCS Plc with N34.9 million, Okitipupa Plc recorded N14.8 million, Geo-Fluids Plc transacted N1.3 million, and Nipco Plc posted N0.9 million.

Similarly, FrieslandCampina Wamco Plc was also the most traded stock by volume with 2.02 million units, CSCS Plc exchanged 1.5 million units, Geo-Fluids Plc recorded 0.433 million units, IGI Plc traded 0.202 million units, and First Trust Microfinance Plc traded 0.113 million units.

Published

2 days ago

08/03/2025

Local Stock Exchange

The local stock exchange depreciated by 023 per cent on Friday after profit-takers pounced on the market, selling off some equities as part of their portfolio rebalancing strategy.

Data showed that the energy sector was the most affected as it closed lower by 0.09 per cent, with the other sectors ending in the green territory.

The insurance index appreciated by 1.27 per cent, the consumer goods counter improved by 0.42 per cent, and the banking space grew by 0.12 per cent, while the industrial goods and commodity sectors closed flat.

At the close of transactions, the All-Share Index (ASI) of the Nigerian Exchange (NGX) Limited shrank by 242.12 points to 106,538.60 points from 106,780.72 points and the market capitalisation was trimmed by N152 billion to N66.717 trillion from the previous day’s N66.869 trillion.

Despite the loss, the market breadth index was positive, with 34 price gainers and 18 price losers, representing strong investor sentiment.

Eterna and Guinea Insurance lost 10.00 per cent each to trade at N37.80 and 63 Kobo apiece, FCMB declined by 7.61 per cent to N9.10, Caverton shed 5.80 per cent to finish at N2.60, and ABC Transport eased by 5.06 per cent to N1.50.

Conversely, Livestock Feeds gained 9.87 per cent to settle at N8.35, Honeywell Flour grew by 9.80 per cent to N13.45, Eunisell jumped by 9.69 per cent to N10.75, May and Baker appreciated by 9.66 per cent to N7.95, and Tantalizers soared by 9.28 per cent to N2.59.

Yesterday, the number of deals carried out by the market participants increased by 4.05 per cent to 11,911 deals from 11,447 deals, the volume of transactions went down by 7.05 per cent to 349,2 million shares from 375.7 million shares, and the value of trades retreated by 4.90 per cent to N9.7 billion from N10.2 billion.

Zenith Bank was the busiest equity at the bourse during the session after it transacted 42.2 million units for N2.0 billion, Fidelity Bank traded 35.9 million units worth N624.7 million, Access Holdings exchanged 31.5 million units valued at N746.9 million, UBA sold 24.0 million units worth N897.8 million, and Tantalizers traded 23.1 million units worth N59.2 million.

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