Investogist
No Result
View All Result
Saturday, October 4, 2025
  • News
    • All
    • Africa
    • Nigeria
    • World
    JUST IN: All women banned from universities in Afghanistan

    FULL LIST: Flagyl, Artemether-Lumefantrine among over 100 drugs banned by NAFDAC

    FULL TEXT: Tinubu’s address to Nigerians on #EndBadGovernance protest

    Full text of President Bola Tinubu’s 65th Independence Day speech

    Buhari finally inaugurates Dangote refinery, facts about the refinery

    JUST IN: Dangote Refinery resumes petrol sales in naira after FG’s intervention

    U.S. Reinstates Five-Year Visas for Ghanaians Following Deportation Deal

    U.S. Reinstates Five-Year Visas for Ghanaians Following Deportation Deal

    Dangote refinery to export first fuel cargoes

    PENGASSAN directs members to stop gas, crude supply to Dangote Refinery

    NNPC says no plan to increase petrol price in March

    IPMAN announces petrol price hike as Dangote Refinery suspends petrol sale in Naira

    NASCON Allied Industries Plc. Announces Closed Period for Q3 2025

    NASCON Allied Industries Plc. Announces Closed Period for Q3 2025

    Ebuka Obi Commissions Southeast First Free Psychiatric Hospital in Anambra

    Ebuka Obi Commissions Southeast First Free Psychiatric Hospital in Anambra

    UBA declares N0.25k interim dividend for H1 2025

    UBA declares N0.25k interim dividend for H1 2025

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    The New Tax Acts and Tax ID – What You Need to Know

    The New Tax Acts and Tax ID – What You Need to Know

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

    FCCPC approves sale of Chivita|Hollandia (CHI Limited) to UAC of Nigeria Plc

    Ellah Lakes Plc announces EGM to approve N250 billion capital raise, debt to equity conversion

    Ellah Lakes to acquire ARPN Nigeria Limited in Landmark Agro-Industrial deal

    Wema Bank Plc surpasses recapitalisation target

    Wema Bank Plc lists additional 14.14 billion ordinary shares

    Existing Unity Bank Shareholder Acquires AMCON’s 34% Stake

    Unity Bank Shareholders Approve Merger with Providus Bank

    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    Lafarge Africa Plc Schedules Board Meeting for Q3 2025, Begins Closed Period October 1

    Lafarge Africa Plc Schedules Board Meeting for Q3 2025, Begins Closed Period October 1

    Marketers are not buying our petrol, we have 500 million liters in our tank – Dangote

    FG Summons PENGASSAN, Dangote Refinery for Emergency Talks to Avert Nationwide Strike

    Ecobank reports N35.883 billion Profit for 2020 Financial Year, 63.92% lower than 2019 figures

    Ecobank completes sale of its stake in Ecobank Mozambique to FDH Bank Plc

    Existing Unity Bank Shareholder Acquires AMCON’s 34% Stake

    Existing Unity Bank Shareholder Acquires AMCON’s 34% Stake

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    FY 2020: FCMB Group Plc gross earnings, profit, assets see double-digit growth rates

    FCMB Group Lists 3.16bn Ordinary Shares on NGX Following Loan-to-Equity Conversion

    Bitcoin might be getting ready for $75,000

    MicroStrategy Buys 850 Bitcoin for $99.7 Million

    Falana sues Meta, demands $5m over invasion of privacy

    Meta Unveils Next-Gen Smart Glasses with Built-In AI and AR

    Dangote Refinery Marks Historic First Petrol Export to U.S., Boosting Nigeria’s Energy Profile

    Dangote Refinery Marks Historic First Petrol Export to U.S., Boosting Nigeria’s Energy Profile

    Elon Musk’s Tesla Share Price dropped nearly 16% in a “very intense 7 days”

    Elon Musk buys US$1 Billion worth of Tesla Inc. shares

    Beta Glass Plc Shareholders to be presented with a N1.04 dividend for 2020

    STANBIC IBTC ETF 30 announces ₦3.144 interim Dividend

    CAP Plc Shareholders approve N2.10kobo dividend per ordinary share for 2020 financial year

    SIAML Pension ETF 40 announces ₦12.44 interim Dividend

    Cutix Plc founder sells additional 1.8 million shares of the company

    VFD Group Plc Employees and others sell millions of VFD Group shares

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    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

    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies
Investogist
  • News
    • All
    • Africa
    • Nigeria
    • World
    JUST IN: All women banned from universities in Afghanistan

    FULL LIST: Flagyl, Artemether-Lumefantrine among over 100 drugs banned by NAFDAC

    FULL TEXT: Tinubu’s address to Nigerians on #EndBadGovernance protest

    Full text of President Bola Tinubu’s 65th Independence Day speech

    Buhari finally inaugurates Dangote refinery, facts about the refinery

    JUST IN: Dangote Refinery resumes petrol sales in naira after FG’s intervention

    U.S. Reinstates Five-Year Visas for Ghanaians Following Deportation Deal

    U.S. Reinstates Five-Year Visas for Ghanaians Following Deportation Deal

    Dangote refinery to export first fuel cargoes

    PENGASSAN directs members to stop gas, crude supply to Dangote Refinery

    NNPC says no plan to increase petrol price in March

    IPMAN announces petrol price hike as Dangote Refinery suspends petrol sale in Naira

    NASCON Allied Industries Plc. Announces Closed Period for Q3 2025

    NASCON Allied Industries Plc. Announces Closed Period for Q3 2025

    Ebuka Obi Commissions Southeast First Free Psychiatric Hospital in Anambra

    Ebuka Obi Commissions Southeast First Free Psychiatric Hospital in Anambra

    UBA declares N0.25k interim dividend for H1 2025

    UBA declares N0.25k interim dividend for H1 2025

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    China Warns Against NATO Tariffs After Trump’s Suggestion to Target Chinese Imports

    The New Tax Acts and Tax ID – What You Need to Know

    The New Tax Acts and Tax ID – What You Need to Know

    “CBN plans to shut down financial transactions” – Apex Bank warns of fake news

    CBN’s Monetary Policy Committee retains interest rate at 27.50%

    President Tinubu approves establishment of South-East Investment Company

    President Tinubu approves establishment of South-East Investment Company

    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

    FCCPC approves sale of Chivita|Hollandia (CHI Limited) to UAC of Nigeria Plc

    Ellah Lakes Plc announces EGM to approve N250 billion capital raise, debt to equity conversion

    Ellah Lakes to acquire ARPN Nigeria Limited in Landmark Agro-Industrial deal

    Wema Bank Plc surpasses recapitalisation target

    Wema Bank Plc lists additional 14.14 billion ordinary shares

    Existing Unity Bank Shareholder Acquires AMCON’s 34% Stake

    Unity Bank Shareholders Approve Merger with Providus Bank

    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    Lafarge Africa Plc Schedules Board Meeting for Q3 2025, Begins Closed Period October 1

    Lafarge Africa Plc Schedules Board Meeting for Q3 2025, Begins Closed Period October 1

    Marketers are not buying our petrol, we have 500 million liters in our tank – Dangote

    FG Summons PENGASSAN, Dangote Refinery for Emergency Talks to Avert Nationwide Strike

    Ecobank reports N35.883 billion Profit for 2020 Financial Year, 63.92% lower than 2019 figures

    Ecobank completes sale of its stake in Ecobank Mozambique to FDH Bank Plc

    Existing Unity Bank Shareholder Acquires AMCON’s 34% Stake

    Existing Unity Bank Shareholder Acquires AMCON’s 34% Stake

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    Strategy Inc. Adds 196 Bitcoin for $22.1M, Pushing Holdings to $72B

    FY 2020: FCMB Group Plc gross earnings, profit, assets see double-digit growth rates

    FCMB Group Lists 3.16bn Ordinary Shares on NGX Following Loan-to-Equity Conversion

    Bitcoin might be getting ready for $75,000

    MicroStrategy Buys 850 Bitcoin for $99.7 Million

    Falana sues Meta, demands $5m over invasion of privacy

    Meta Unveils Next-Gen Smart Glasses with Built-In AI and AR

    Dangote Refinery Marks Historic First Petrol Export to U.S., Boosting Nigeria’s Energy Profile

    Dangote Refinery Marks Historic First Petrol Export to U.S., Boosting Nigeria’s Energy Profile

    Elon Musk’s Tesla Share Price dropped nearly 16% in a “very intense 7 days”

    Elon Musk buys US$1 Billion worth of Tesla Inc. shares

    Beta Glass Plc Shareholders to be presented with a N1.04 dividend for 2020

    STANBIC IBTC ETF 30 announces ₦3.144 interim Dividend

    CAP Plc Shareholders approve N2.10kobo dividend per ordinary share for 2020 financial year

    SIAML Pension ETF 40 announces ₦12.44 interim Dividend

    Cutix Plc founder sells additional 1.8 million shares of the company

    VFD Group Plc Employees and others sell millions of VFD Group shares

    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • All
    • Columnists
    • Editorials
    • Investogist Business Saturday
    • Op-ed
    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

    How Donald Trump won the 2024 U.S Presidential Election

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Rovina Medical Diagnostic Services offers free Breast and Prostrate cancer scans

    Security features of the new naira notes revealed by the CBN

    New hope for Naira fixed income savers?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

    2015 vs 2023 Data: Nigeria situation went from bad to worse under Buhari

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    Who is Hiba Abouk soon to be Achraf Hakimi’s ex-wife worth millions of dollars?

    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

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

Nigerian Stock Exchange: Week ended 21.08.2020 review and Stock Pick for the week ahead

Sunday, 23 August 2020, 9:01 pm
in Markets, Stocks/Equities
14
Volume of Shares Traded Hit Record Low as Investors Stood on the Fence
Share Share Share Share Send as Email

In the week ended 21st August 2020, the Nigerian Stock Exchange equities market having started the week with loses on Monday, went on to gain in each of the next four trading sessions, to close the week higher than it started.

The gains were so weak that despite the four day run of consecutive advancement, the index appreciated by only 0.09% to close at 25,221.87, 22.03 points higher than its starting position of 25,199.84.

Investors’ saw a N12.224 billion addition to their wealth, as the market capitalization stood at N13.158 trillion at the end of Friday’s trading session.

The improvement in activity level seen in the preceding week was reversed in the week in review. The activity level waned as both volume and value of shares traded declined by 28.3% and 27.35% respectively.

  • Read also;
  • Real Estate Investment Trust (REIT), a pathway to diversified investment portfolio
  • NOTORE to double its authorized share capital even as the share price flat-lined for over 2 years

A total turnover of 950.414 million shares worth N10.123 billion in 16,647 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.327 billion shares valued at N13.934 billion that exchanged hands last week in 19,392 deals.

The Financial Services industry (measured by volume) led the activity chart with 624.278 million shares valued at N6.181 billion traded in 8,313 deals; thus contributing 65.68% and 61.06% to the total equity turnover volume and value respectively.

The Consumer Goods industry followed with 96.320 million shares worth N2.199 billion in 3,148 deals. The third place was the Conglomerates industry, with a turnover of 89.376 million shares worth N145.612 million in 757 deals.

Trading in the top three equities namely Zenith Bank Plc, Guaranty Trust Bank Plc and Transnational Corporation of Nigeria Plc. (measured by volume) accounted for 298.901 million shares worth N4.761 billion in 3,056 deals, contributing 31.45% and 47.03% to the total equity turnover volume and value respectively.

The activity chart below depicts the reversal in the activity level, with the All-Share Index seemly flat lining between 24,750.00 and 25,250.00.

While the waning activity level may be worrying to the NSE, the chart below even shows a more worrying trend. The number of trades/deals being done on each trading session is also declining, which can either mean that market participants are turning away from the market or Investors tilting more and more towards a holding position.

At the end of trading on Friday, 21st August, the NSE ASI loss moderated to -6.04% YTD. Below are the YTD performances of the 5 indices under our watch;

  • NSE Insurance Index: +2.37%
  • NSE Oil and Gas Index: -28.64%
  • NSE Banking Index: -17.43%
  • NSE Consumer Goods Index: -28.77%
  • NSE Industrial Goods Index: +3.40%

Three of the five indices under our watch closed the week in positive; Insurance Index was up by 4.40% driven mostly by gains in LASACO and CORNERST.

The Oil and Gas Index was down 0.92%, while the Industrial Goods Index was down by 0.41%. The Banking Index and Consumer Goods Index appreciated by 0.81% and 1.88% respectively.

The NSE All-Share Index and Market Capitalization both appreciated by 0.09% to close the week at 25,221.87 and N13.158 trillion respectively.

Thirty-one (31) equities appreciated in price during the week, higher than twenty-nine (29) equities in the previous week.

Twenty-seven (27) equities depreciated in price, lower than thirty-three (33) equities in the previous week, while one hundred and five (105) equities remained unchanged, higher than one hundred and one (101) equities recorded in the previous week.

See top gainers and losers in the table below

Source: Nigerian Stock Exchange Weekly Market Report

The week ahead

Heading into the last week of the month, we anticipate the market performance will be relatively unchanged. It is most likely to be driven by bargain hunting, and profit taking.

LASACO topped the gainers table in the week in review, justifying the BUY rating placed on it in our last Stock Pick. The stock makes our Stock Pick for the week ahead, with the rating changing to HOLD, as we approach its dividend qualification date

UPL and REDSTAREX both made a return to our stock pick, with ratings changed to HOLD after a modest capital appreciation.

Contrary to our expectations, UACN share price suffered further decline in the week in review, despite this, we maintain the ACCUMULATION rating on the stock, as it trades further below our valuation of the company.

We are neutral on UNITYBNK, although it makes a very good JIJO stock, its huge accumulated loses and the fact that its major shareholder is AMCON (34%) reminds one of the defunct SKYBANK, hence our neutral position on the stock.

Written by;

Nnamdi M.

Related Posts:

  • Nigerian-Stock-Exchange-NSE
    Nigerian Stock Exchange: Week ended 28.08.2020…
  • CUSTODIAN
    Nigerian Stock Market Review and Stock pick for the…
  • LASACO-1 1
    Nigerian Stock Market Review and Stock pick for the…
  • DANGCEM Obajana Plant
    Nigerian Stock Market Review and Stock pick for the…
Previous Post

NOTORE to double its authorized share capital even as the share price flat-lined for over 2 years

Next Post

Hybreed forex price action analysis week ending 24th – 28th August, 2020

Next Post
Forex Forecast for the week; 6th July – 10th July 2020

Hybreed forex price action analysis week ending 24th – 28th August, 2020

Please login to join discussion
  • Trending
  • Comments
  • Latest
MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2025, qualification and payment dates

Ellah Lakes Plc announces EGM to approve N250 billion capital raise, debt to equity conversion

Ellah Lakes to acquire ARPN Nigeria Limited in Landmark Agro-Industrial deal

Wema Bank Plc surpasses recapitalisation target

Wema Bank Plc lists additional 14.14 billion ordinary shares

List of Dividends announced in 2024, qualification and payment dates

List of Dividends announced in 2024, qualification and payment dates

AIICO Board of Directors approve Dividend Payment and  2021 Financial Statements

FCCPC approves sale of Chivita|Hollandia (CHI Limited) to UAC of Nigeria Plc

Ellah Lakes Plc announces EGM to approve N250 billion capital raise, debt to equity conversion

Ellah Lakes to acquire ARPN Nigeria Limited in Landmark Agro-Industrial deal

Wema Bank Plc surpasses recapitalisation target

Wema Bank Plc lists additional 14.14 billion ordinary shares

JUST IN: All women banned from universities in Afghanistan

FULL LIST: Flagyl, Artemether-Lumefantrine among over 100 drugs banned by NAFDAC

Quick Links

News
Economy
Markets
Business
Opinion & Analysis

Newsletter Signup

Contact Investogist

info@investogist.com

  • About Us
  • Terms & Conditions
  • Privacy Policy
  • Contact Us

Copyright © 2025 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

No Result
View All Result
  • News
    • Nigeria
    • Africa
    • World
  • Economy
    • Policies
    • Budgets
    • Economic Data
  • Business
    • Companies
    • Industry
    • Technology
  • Markets
    • Stocks/Equities
    • Forex
    • Rates & Bonds
    • Commodities
    • Cryptocurrencies
  • Travel & Tours
    • Arts & Entertainment
    • Nature
    • Places & People
  • Opinion & Analysis
    • Editorials
    • Book Club
    • Investogist Business Saturday
    • Op-ed
  • Sports
    • Football
  • Vacancies

Copyright © 2025 investogist.com, All Rights Reserved