• About Us
  • Terms & Conditions
  • Contact Us
Saturday, April 1, 2023
Investogist
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    Spain needs over 60,000 additional workers in Hospitality Industry, where to find the jobs

    Spain needs over 60,000 additional workers in Hospitality Industry, where to find the jobs

    2023: Labour Party eyes N80,000-N100,000 minimum wage

    Labour Party dismisses suspension of National Chairman Abure

    Trump congratulates Nigeria for Banning Twitter, says more countries should do same

    Donald Trump indicted over hush money payment, what it means

    FG advises Nigerians to be guided by UAE new visa regime

    FG launches passport production facility in Osun

    NGX RegCo approves Livingtrust Mortgage Bank’s free float compliance plan

    Turkey becomes last NATO nation to ratify Finland membership

    Peter Obi is an emerging force that can’t be wished away by anyone – Okezie Ikpeazu

    2023 Election: I predicted the Peter Obi effect – Okezie Ikpeazu

    Why PDP didn’t follow Wike’s option — Atiku’s spokesperson

    PDP reverses suspension of Fayose, Anyim, others

    Election postponement to affect start of 2023 Census – NPC

    2023 census: No question will be asked on religion – NPC

    Actor Yul Edochie loses first son

    Actor Yul Edochie loses first son

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rose to N46.25 trillion in 2022, 84.73% of bilateral debt owed to China

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    CBN raises interest rate for the 6th consecutive time

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

    U.S unemployment fell to a five-decade low

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rise above N44 trillion – DMO

    FG approves 39 licences for fish importation

    Q3 2022: Nigeria’s total trade stood at N11.6 trn, total export falls nearly 20% QoQ

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    JUST IN: CBN limits weekly cash withdrawal to N100k

    Law to legalize crypto as a payment method passed in Brazil

    Law to legalize crypto as a payment method passed in Brazil

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    UBA suffers maximum possible loss on NSE as investors dump the stocks

    UBA announces N0.90 final dividend for 2022 financial year

    CEO of Ecobank Group to retire, new CEO announced

    Ecobank to pay dividend of 0.11 US cents for 2022 Financial Year

    MTN Nigeria to pay over N200 billion final dividend for 2022

    CAP Plc announces N1.55 final dividend for 2022 FY

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    AGM suspension: Oando’s shareholder wins court case against SEC

    JUST IN: OANDO Plc to delist from Nigerian Exchange, Johannesburg Stock Exchange

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI Increased By 90bps, as Dangote Cement gains 5.07%

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 1.16% as Dangote Cement falls 4.17%

    List of Stockbrokers in Nigeria

    List of Stockbrokers in Nigeria

    MTN Nigeria to pay over N200 billion final dividend for 2022

    Custodian Investments Plc announces 55 kobo final dividend for 2022 FY

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    UAC of Nigeria Plc declares 22 kobo Dividend for 2022 FY

    UAC of Nigeria Plc declares 22 kobo Dividend for 2022 FY

    FY 2020: Zenith Bank Plc rakes in N230.6 billion profit after tax

    Zenith Bank Plc reports N223.91 billion profit after tax for 2022 FY

    FY 2020: Zenith Bank Plc rakes in N230.6 billion profit after tax

    Zenith Bank Plc announces N91 billion final dividend for 2022 FY

    Board of Fidson Healthcare Plc approve 55 kobo Dividend

    Board of Fidson Healthcare Plc approve 55 kobo Dividend

    N1.17 dividend approved by Beta Glass Plc Board of Directors for 2022 FY

    N1.17 dividend approved by Beta Glass Plc Board of Directors for 2022 FY

    May & Baker Nigeria Plc announces 30 kobo dividend for 2022 FY

    May & Baker Nigeria Plc announces 30 kobo dividend for 2022 FY

    FG agrees to pay $496 million as settlement claim for Ajaokuta Steel, others

    Seplat Energy Plc takes legal action against Orjiako

    Credit Suisse shares plunged on Monday after acquisition by rival UBS

    Credit Suisse shares plunged on Monday after acquisition by rival UBS

    Approval given for acquisition of International Energy Insurance Plc

    UBS agrees to buy troubled 167 years old rival, Credit Suisse

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 2

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 1

    Building a Successful Business Organization: Lessons from the Bible

    Building a Successful Business Organization: Lessons from the Bible

    2023 Bible Lessons on Setting your Financial/Investment Goals

    2023 Bible Lessons on Setting your Financial/Investment Goals

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
  • Home
  • News
    • All
    • Africa
    • Nigeria
    • World
    Spain needs over 60,000 additional workers in Hospitality Industry, where to find the jobs

    Spain needs over 60,000 additional workers in Hospitality Industry, where to find the jobs

    2023: Labour Party eyes N80,000-N100,000 minimum wage

    Labour Party dismisses suspension of National Chairman Abure

    Trump congratulates Nigeria for Banning Twitter, says more countries should do same

    Donald Trump indicted over hush money payment, what it means

    FG advises Nigerians to be guided by UAE new visa regime

    FG launches passport production facility in Osun

    NGX RegCo approves Livingtrust Mortgage Bank’s free float compliance plan

    Turkey becomes last NATO nation to ratify Finland membership

    Peter Obi is an emerging force that can’t be wished away by anyone – Okezie Ikpeazu

    2023 Election: I predicted the Peter Obi effect – Okezie Ikpeazu

    Why PDP didn’t follow Wike’s option — Atiku’s spokesperson

    PDP reverses suspension of Fayose, Anyim, others

    Election postponement to affect start of 2023 Census – NPC

    2023 census: No question will be asked on religion – NPC

    Actor Yul Edochie loses first son

    Actor Yul Edochie loses first son

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rose to N46.25 trillion in 2022, 84.73% of bilateral debt owed to China

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    CBN raises interest rate for the 6th consecutive time

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Russia Economy contracts by 2.1% in 2022, far below western predictions

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    FG explains why Nigeria’s total debt will rise to N77 trillion by the end of May 2023

    U.S unemployment fell to a five-decade low

    U.S unemployment fell to a five-decade low

    Nigeria’s total public debt rises by over 20% YoY to N32.92 trillion

    Nigeria’s total debt rise above N44 trillion – DMO

    FG approves 39 licences for fish importation

    Q3 2022: Nigeria’s total trade stood at N11.6 trn, total export falls nearly 20% QoQ

    Update: Central Bank of Nigeria instructs banks to close accounts related to Crypto

    JUST IN: CBN limits weekly cash withdrawal to N100k

    Law to legalize crypto as a payment method passed in Brazil

    Law to legalize crypto as a payment method passed in Brazil

    • Policies
    • Budgets
    • Economic Data
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    UBA suffers maximum possible loss on NSE as investors dump the stocks

    UBA announces N0.90 final dividend for 2022 financial year

    CEO of Ecobank Group to retire, new CEO announced

    Ecobank to pay dividend of 0.11 US cents for 2022 Financial Year

    MTN Nigeria to pay over N200 billion final dividend for 2022

    CAP Plc announces N1.55 final dividend for 2022 FY

    MTN Nigeria to pay over N200 billion final dividend for 2022

    List of Dividends announced in 2023, qualification and payment dates

    AGM suspension: Oando’s shareholder wins court case against SEC

    JUST IN: OANDO Plc to delist from Nigerian Exchange, Johannesburg Stock Exchange

    Nigeria’s GDP grows 5.01% YoY in real terms in Q2 2021

    The NGX- ASI Increased By 90bps, as Dangote Cement gains 5.07%

    Lasaco Assurance Plc suffers maximum possible loss on NSE as suspension is lifted

    The NGX- ASI declined by 1.16% as Dangote Cement falls 4.17%

    List of Stockbrokers in Nigeria

    List of Stockbrokers in Nigeria

    MTN Nigeria to pay over N200 billion final dividend for 2022

    Custodian Investments Plc announces 55 kobo final dividend for 2022 FY

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    UAC of Nigeria Plc declares 22 kobo Dividend for 2022 FY

    UAC of Nigeria Plc declares 22 kobo Dividend for 2022 FY

    FY 2020: Zenith Bank Plc rakes in N230.6 billion profit after tax

    Zenith Bank Plc reports N223.91 billion profit after tax for 2022 FY

    FY 2020: Zenith Bank Plc rakes in N230.6 billion profit after tax

    Zenith Bank Plc announces N91 billion final dividend for 2022 FY

    Board of Fidson Healthcare Plc approve 55 kobo Dividend

    Board of Fidson Healthcare Plc approve 55 kobo Dividend

    N1.17 dividend approved by Beta Glass Plc Board of Directors for 2022 FY

    N1.17 dividend approved by Beta Glass Plc Board of Directors for 2022 FY

    May & Baker Nigeria Plc announces 30 kobo dividend for 2022 FY

    May & Baker Nigeria Plc announces 30 kobo dividend for 2022 FY

    FG agrees to pay $496 million as settlement claim for Ajaokuta Steel, others

    Seplat Energy Plc takes legal action against Orjiako

    Credit Suisse shares plunged on Monday after acquisition by rival UBS

    Credit Suisse shares plunged on Monday after acquisition by rival UBS

    Approval given for acquisition of International Energy Insurance Plc

    UBS agrees to buy troubled 167 years old rival, Credit Suisse

    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    APC won Abua-Odual and Ahoada East LGAs of Rivers State as announced – INEC’s IRev

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    LP won Obio-Akpor LGA Rivers State not APC as announced – INEC’s IReV

    North-West, South-West lead as INEC registers 96.2 million, Rivers overtakes Katsina

    ELECTION: How to check your polling unit, code online

    4 things to consider before buying a laptop

    4 things to consider before buying a laptop

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 2

    How to move to Canada by starting a business – Part 1

    How to move to Canada by starting a business – Part 1

    Building a Successful Business Organization: Lessons from the Bible

    Building a Successful Business Organization: Lessons from the Bible

    2023 Bible Lessons on Setting your Financial/Investment Goals

    2023 Bible Lessons on Setting your Financial/Investment Goals

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    Fact check: Is the Investment Peter Obi made for Anambra State worth next to nothing?

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies
No Result
View All Result
Investogist
No Result
View All Result
Home Markets

Equity Market records highest daily gain since April 2015 as investors gain N708 billion

Tuesday, 6 October 2020, 11:57 pm
in Markets, Stocks/Equities
0
Nigerian Equities Market weekly review: September opens with N154.433 billion gain for Investors
Share Share Share Share Send as Email

The euphoria seen on the Nigerian Equity Market on Monday heightened on Tuesday, as buying pressure intensified. The All Share Index recorded the highest daily gain since April 2015, as the Index advanced by 4.92%; more than double the rise of 2.11% recorded on Monday.

The All Share Index jumped by 1,355 points to close at 28,909.37, the highest level recorded since February 2020 buoyed by strong gains in bellwethers like DANGCEM, MTNN, ZENITHBK among others, taking YTD return to 7.7%.

Investors wealth rose by N708.175 billion with the market capitalization soaring to N15.110 trillion on Tuesday.

Have you read?

  • ZENITHBANK, FLOURMILLS, WEMA, BERGER & others announce closed period
  •  Lafarge Africa Plc holds emergency board meeting over Ghana Investment

18 stocks advanced by more than 8% including PRESCO (+10.00%), DANGCEM (+9.86%), ZENITHBANK (+9.47%). Other stocks with over 8% rise include FBNH, UBA, ACCESS, INTBREW, WAPCO, UACN, OANDO etcetera.

14 equities gained from 5% to 8% including MTNN (+5.7%), GUARANTY (+6.06%), NB (+7.17%). Others include PZ, ETI, GUINNESS, FIDELITYBK etcetera.

13 equities rose by less than 5% among them are STANBIC, JBERGER, DANGSUGAR, and FLOURMILL.

Activity level

The activity level improved further from the levels seen on Monday. The volume and value of traded stocks rose by 24.10% and 27.89% to 749.468 million and N9.495 billion respectively.

The top five most traded equities by volume were banking stocks. with ZENITHBANK leading with 135.699 million units of shares valued at N2.772 billion traded in 1,047 deals. It is followed by UBA, FBNH, ACCESS, and GUARANTY.

In terms of value, ZENITHBANK was followed by GUARANTY and UBA.

Performance of Indices

All five indices under our watch recorded gains, with the banking index advancing by a wider margin.

  • The Banking Index was up by 7.5%%
  • The Industrial Goods Index advanced by 5.6%%
  • Consumer Goods Index grew by 3.0%
  • The Oil and Gas Index rose by 1.2%
  • The Insurance Index increased by 0.3%

Investor sentiment

Investor sentiment as measured by market breadth (gain/loss ratio) was strong at 5.62x as 45 stocks advanced with only 8 equities declining.

The top five gainers by percentage and closing prices are;

  • CORNERST rose by 10.00% to close at N0.66
  • INTBREW rose by 10.00% to close at N4.29
  • PRESCO rose by 10.00% to close at N60.50
  • FBNH rose by 9.91% to close at N6.10
  • NNFM rose by 9.88% to close at N4.45

The top five decliners by percentage are;

  • NPFMCRFBK lost 8.76% to close at N1.25
  • WAPIC lost 7.69% to close at N0.36
  • ACADEMY lost 6.90% to close at N0.27
  • BERGER lost 6.15% to close at N0.61
  • NEIMETH lost 2.00% to close at N1.85

Naira value remained stable against the dollar at N458/$1 on Tuesday at the parallel market.

Global Market performance;

All major Global Indices recorded mixed performance on Tuesday. Wall street recorded slight gains at the opening of trade, although the market trend turned negative after President Trump said he is ending stimulus negotiations and will only resume talks after the election.

  • Dow Jones closed down by 1.34%
  • S&P 500 lost 1.40%
  • NASDAQ 100 lost 1.89%
  • FTSE 100 was up by 0.12%
  • DAX was up by 0.61%
  • NIKKEI 225 up by 0.52%

Analysts’ view

As the release of Q3 2020 earnings is around the corner, we expect the rebound seen in the market to continue for fundamentally sound stocks, as investors take position ahead of the earnings release season amid potential profit-taking.

By; Ifunanya Ikueze

Related Posts:

  • NSE daily report: 4 days of gain out of 4, Investors gain N325.27 billion
    NSE daily report: 4 days of gain out of 4, Investors gain…
  • Investors gain N324.62 billion as Nigerian Stock Market record 1.90% gain
    Investors gain N324.62 billion as Nigerian Stock Market…
  • NGX Daily Equities Market Report: Market bounces back to gains, Investors gain N95.45 billion
    NGX Daily Equities Market Report: Market bounces back to…
  • NGX Daily Equities Market Report: Investors gain N41.05bn as Index advance by 0.19%
    NGX Daily Equities Market Report: Investors gain N41.05bn as…
Previous Post

ZENITHBANK, FLOURMILLS, WEMA, BERGER & others announce closed period

Next Post

FCMB Group Plc discloses Q3 2020 Result release date

Next Post
FCMB Pensions Ltd to acquire 96% stake in AIICO Pension Managers Ltd

FCMB Group Plc discloses Q3 2020 Result release date

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2023, qualification and payment dates

UBA suffers maximum possible loss on NSE as investors dump the stocks

UBA announces N0.90 final dividend for 2022 financial year

Custodian Investments Plc announces 10 kobo interim dividend for H1 2022

List of Dividends announced in 2022, qualification and payment dates

Peter Obi is an emerging force that can’t be wished away by anyone – Okezie Ikpeazu

2023 Election: I predicted the Peter Obi effect – Okezie Ikpeazu

Spain needs over 60,000 additional workers in Hospitality Industry, where to find the jobs

Spain needs over 60,000 additional workers in Hospitality Industry, where to find the jobs

2023: Labour Party eyes N80,000-N100,000 minimum wage

Labour Party dismisses suspension of National Chairman Abure

UAC of Nigeria Plc declares 22 kobo Dividend for 2022 FY

UAC of Nigeria Plc declares 22 kobo Dividend for 2022 FY

Trump congratulates Nigeria for Banning Twitter, says more countries should do same

Donald Trump indicted over hush money payment, what it means

Investogist
info@investogist.com

Follow us

Categories

  • Africa
  • Agriculture
  • Arts & Culture
  • Budgets
  • Business
  • Columnists
  • Commodities
  • Companies
  • Cryptocurrencies
  • Economic Data
  • Economy
  • Editorials
  • Financial Education
  • Football
  • Forex
  • Industry
  • Investogist Business Saturday
  • Job Opportunities
  • Markets
  • Nature
  • News
  • Nigeria
  • Op-ed
  • Opinion & Analysis
  • Places & People
  • Policies
  • Rates & Bonds
  • Sports
  • Stocks/Equities
  • Technology
  • Travel & Tours
  • Vacancies
  • World

Quick Links

  • News
  • Economy
  • Markets
  • Business
  • Opinion & Analysis
  • Travel & Tours

Newsletter

Copyright © 2023 investogist.com, All Rights Reserved

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us
No Result
View All Result
  • Home
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Business
    • Companies
    • Industry
    • Technology
  • Sports
    • Football
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Financial Education
  • Vacancies

Copyright © 2023 investogist.com, All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist