Investogist
No Result
View All Result
Friday, May 9, 2025
  • News
    • All
    • Africa
    • Nigeria
    • World
    Seyi Makinde sympathizes with traders over Alesinloye market fire incident in Ibadan

    Seyi Makinde sympathizes with traders over Alesinloye market fire incident in Ibadan

    President Trump pauses Military aid to Ukraine after clash with Ukraine President Zelensky

    President Trump pauses Military aid to Ukraine after clash with Ukraine President Zelensky

    DSS seals Lagos state house of Assembly speaker and Deputy’s office

    Mojisola Meranda resigns as Speaker of Lagos State House of Assembly.

    EFCC arraign former Abia state Gov Theodore Orji, son for alleged ₦N60.85bn fraud

    EFCC arraign former Abia state Gov Theodore Orji, son for alleged ₦N60.85bn fraud

    COAS increases troops’ daily feeding allowance from N1,500 to N3,000

    COAS increases troops’ daily feeding allowance from N1,500 to N3,000

    DSS seals Lagos state house of Assembly speaker and Deputy’s office

    Impeached speaker Obasa storms Lagos Assembly with security

    UK Prime Minister calls Kemi Badenoch “self-appointed savior of Western civilization”

    UK Prime Minister calls Kemi Badenoch “self-appointed savior of Western civilization”

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Policeman kill driver over N100 bribe in Anambra

    Police apprehend suspect with fabricated beretta pistol in Onitsha

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    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

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

    Air Sierra Leone commences flight operations to Lagos

    Air Sierra Leone commences flight operations to Lagos

    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Breaking: NNPC releases statement on fuel price adjustment

    President Tinubu sacks Mele Kyari, dissolves NNPC Limited’s Board

    Sunny Anene raises his stake in United Capital Plc

    Renaissance completes acquisition of Shell Petroleum Company of Nigeria

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    Meta set to lay off employees in Africa, Europe, Asia

    Meta set to lay off employees in Africa, Europe, Asia

    Release of Oando’s 2019 Annual Financial Statements delayed again

    Oando Plc expands African upstream portfolio with oil block bid win in Angola

    Transcorp Profit after tax in Q1 2021 increase by 2,426% – Investments yielding fruits

    Transcorp Power’s profit surge by 165%, to pay ₦3.50 dividend

    Air Sierra Leone commences flight operations to Lagos

    Air Sierra Leone commences flight operations to Lagos

    Stanbic IBTC launches a rights issue worth ₦N148.7 billion on the NGX Invest platform.

    Stanbic IBTC launches a rights issue worth ₦N148.7 billion on the NGX Invest platform.

    ICPC sues El-Rufai’s former adviser, Jimi Lawal, for money laundering

    ICPC sues El-Rufai’s former adviser, Jimi Lawal, for money laundering

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NGX Daily Equities Market Report: Market gains for third consecutive days

    NGX delists Flour Mills shares, lists additional NB and Jaiz Bank shares

    Bitcoin soars above $21,000 as U.S. dollar sags

    BITCOIN hits $103,000 for the first time

    Bitcoin (BTC) rises above US$90,000 records a new all time high

    Bitcoin (BTC) rises above US$90,000 records a new all time high

    Bitcoin crosses US$60K, approaches All-Time High

    Bitcoin (BTC) rises above US$80,000

    Alhaji Dahiru Mangal sold his 1.96bn Oando Shares for N11.81bn

    NGX RegCo suspends Trading of Oando Plc shares

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

    SEC approves Busha and Quidax as crypto exchanges in Nigeria

    GTCO is offering a subscription of 9,000,000,000 Ordinary Shares of 50 kobo each at ₦44.50 per share

    GTCO is offering a subscription of 9,000,000,000 Ordinary Shares of 50 kobo each at ₦44.50 per share

    Dangote refinery set to import Crude oil from Brazil

    Dangote refinery set to import Crude oil from Brazil

    Equity market dragged to N188bn loss

    Equity market dragged to N188bn loss

    • 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
    Seyi Makinde sympathizes with traders over Alesinloye market fire incident in Ibadan

    Seyi Makinde sympathizes with traders over Alesinloye market fire incident in Ibadan

    President Trump pauses Military aid to Ukraine after clash with Ukraine President Zelensky

    President Trump pauses Military aid to Ukraine after clash with Ukraine President Zelensky

    DSS seals Lagos state house of Assembly speaker and Deputy’s office

    Mojisola Meranda resigns as Speaker of Lagos State House of Assembly.

    EFCC arraign former Abia state Gov Theodore Orji, son for alleged ₦N60.85bn fraud

    EFCC arraign former Abia state Gov Theodore Orji, son for alleged ₦N60.85bn fraud

    COAS increases troops’ daily feeding allowance from N1,500 to N3,000

    COAS increases troops’ daily feeding allowance from N1,500 to N3,000

    DSS seals Lagos state house of Assembly speaker and Deputy’s office

    Impeached speaker Obasa storms Lagos Assembly with security

    UK Prime Minister calls Kemi Badenoch “self-appointed savior of Western civilization”

    UK Prime Minister calls Kemi Badenoch “self-appointed savior of Western civilization”

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Policeman kill driver over N100 bribe in Anambra

    Police apprehend suspect with fabricated beretta pistol in Onitsha

    • Nigeria
    • Africa
    • World
  • Economy
    • All
    • Budgets
    • Economic Data
    • Policies
    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

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

    Air Sierra Leone commences flight operations to Lagos

    Air Sierra Leone commences flight operations to Lagos

    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

    • Policies
    • Budgets
    • Economic Data
  • Business
    • All
    • Agriculture
    • Companies
    • Industry
    • Technology
    Breaking: NNPC releases statement on fuel price adjustment

    President Tinubu sacks Mele Kyari, dissolves NNPC Limited’s Board

    Sunny Anene raises his stake in United Capital Plc

    Renaissance completes acquisition of Shell Petroleum Company of Nigeria

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    Meta set to lay off employees in Africa, Europe, Asia

    Meta set to lay off employees in Africa, Europe, Asia

    Release of Oando’s 2019 Annual Financial Statements delayed again

    Oando Plc expands African upstream portfolio with oil block bid win in Angola

    Transcorp Profit after tax in Q1 2021 increase by 2,426% – Investments yielding fruits

    Transcorp Power’s profit surge by 165%, to pay ₦3.50 dividend

    Air Sierra Leone commences flight operations to Lagos

    Air Sierra Leone commences flight operations to Lagos

    Stanbic IBTC launches a rights issue worth ₦N148.7 billion on the NGX Invest platform.

    Stanbic IBTC launches a rights issue worth ₦N148.7 billion on the NGX Invest platform.

    ICPC sues El-Rufai’s former adviser, Jimi Lawal, for money laundering

    ICPC sues El-Rufai’s former adviser, Jimi Lawal, for money laundering

    • Companies
    • Industry
    • Technology
  • Markets
    • All
    • Commodities
    • Cryptocurrencies
    • Forex
    • Rates & Bonds
    • Stocks/Equities
    NGX Daily Equities Market Report: Market gains for third consecutive days

    NGX delists Flour Mills shares, lists additional NB and Jaiz Bank shares

    Bitcoin soars above $21,000 as U.S. dollar sags

    BITCOIN hits $103,000 for the first time

    Bitcoin (BTC) rises above US$90,000 records a new all time high

    Bitcoin (BTC) rises above US$90,000 records a new all time high

    Bitcoin crosses US$60K, approaches All-Time High

    Bitcoin (BTC) rises above US$80,000

    Alhaji Dahiru Mangal sold his 1.96bn Oando Shares for N11.81bn

    NGX RegCo suspends Trading of Oando Plc shares

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

    SEC approves Busha and Quidax as crypto exchanges in Nigeria

    GTCO is offering a subscription of 9,000,000,000 Ordinary Shares of 50 kobo each at ₦44.50 per share

    GTCO is offering a subscription of 9,000,000,000 Ordinary Shares of 50 kobo each at ₦44.50 per share

    Dangote refinery set to import Crude oil from Brazil

    Dangote refinery set to import Crude oil from Brazil

    Equity market dragged to N188bn loss

    Equity market dragged to N188bn loss

    • 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 Market Review and Stock pick for the week ahead 6th July – 10th July 2020

Sunday, 5 July 2020, 7:19 pm
in Markets, Stocks/Equities
5
Nigerian Stock Market Review and Stock pick for the week ahead 6th July –  10th July 2020
Share Share Share Share Send as Email

In the week ended 3rd July, 2020, that saw the end of the second quarter, and ushered in the third quarter of the year, Investors in the Nigerian Stock Exchange endured a loss of N257.12 billion, with the market index declining by 1.99%.

The YTD performance worsened to minus 9.34%, as the All Share Index settled at 24,374.40 and Market Capitalization at N12.69 trillion.

A total turnover of 961.833 million shares worth N9.181 billion in 20,058 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 739.375 million shares valued at N8.563 billion that exchanged hands last week in 17,248 deals.

  • Read also; Dangote Cement Plc to commence closed period from July 8, 2020
  • Guaranty Trust Bank Plc declares closed period for H1 financial report

The activity level improved, as volume of shares traded increased by  30.0% while the value of stocks traded increased by 7.2%. Overall, our chart of activity level shows that the trend of volume and value of traded stocks continued downwards.

The Financial Services industry (measured by volume) led the activity chart with 457.851 million shares valued at N3.773 billion traded in 8,062 deals; thus contributing 61.92% and 44.06% to the total equity turnover volume and value respectively.

Trading in the top three equities namely FBN Holdings Plc, Guaranty Trust Bank Plc and United Bank for Africa Plc. (measured by volume) accounted for 275.099 million shares worth N2.818 billion in 3,497 deals, contributing 28.60% and 30.69% to the total equity turnover volume and value respectively.

The number of deals being done by market participants is moving downwards, albeit with a fairly constant trend line.

Of the 5 indices under our watch, only two have a positive performance YTD.

  • Insurance Index: +0.63%
  • Oil & Gas Index: -25.26%
  • Banking Index: -25.02%
  • Consumer Goods Index: -27.33%
  • Industrial Goods Index: +3.95%

Thirteen (13) equities appreciated in price during the week, lower than Eighteen (18) equities in the previous week. Fifty-nine (59) equities depreciated in price, higher than Forty-three (43) equities in the previous week, while ninety-one (91) equities remained unchanged, lower than One- hundred and two (102) equities recorded in the previous week.

The top gainers and losers in the week are as tabulated below;

Data source; NSE

Companies has started announcing closed periods and dates for board meetings in preparation for the release of the H1 financial results for the period ended 30th June, 2020, Investors will be watching to see the impact of the COVID-19 pandemic on the performance of the listed companies.

Stock Pick for the week ahead

With 4 out of our 10 stock picks bagging a BUY recommendation, it portrays the gradual opening up of attractive entry positions for Investors. REDSTAREX, UACN, NAHCO, and LEARNAFRCA are all consistent dividend stocks, at current prices are poised to return a dividend yield of over 10% for the financial year. An indication on the potential yield will depend on the forthcoming result, that will show the extent of the impact of the pandemic on these companies.

  • Read more; WHO Quits Hydroxychloroquine Trial just after a New study found it to be helpful

GLAXOSMITH is very close to the fair value calculated by Analyst’s at Investogist, and is expected to break into the range in the next week of trading. However, we have been of the opinion that GLAXOSMITH will return good value for medium to long term Investors, given the Government’s support to Pharmaceutical companies and the role the parent company is playing in the search for COVID-19 vaccine. When the stock price falls within the fair value range, it will become a BUY for us.

Three of the five stocks with a SELL rating have none or little dividend history, the rise and fall of their share prices appear to be driven by sentiments, thus making them very good JIJO (Jump In Jump Out) stocks.

UNILEVER and NASCON have been under performing in recent years, and their dividend payouts has been decreasing along with their valuations. Although a reversal of their fortunes should see an upward revision of their fair values, for now, they remain a SELL.

Written by;

Nnamdi M.

Related Posts:

  • UPPLC_Wiki
    Nigerian Stock Market Review and Stock pick for the…
  • Bua cement
    Nigerian Stock Market Review and Stock pick for the…
  • Nigerian-Stock-Exchange-NSE
    Nigerian Stock Market Review and Stock pick for the…
  • CUSTODIAN
    Nigerian Stock Market Review and Stock pick for the…
Tags: GLAXOSMITHNAHCONASCONNSEREDSTAREXStocksUACNUNILEVER
Previous Post

Coronavirus Update – WHO Quits Hydroxychloroquine Trial just after a New study found it to be helpful

Next Post

CFDs Review June 29, 2020 to July 3, 2020: Forex, Indices and Commodities

Next Post
CFDs Review June 29, 2020 to July 3, 2020: Forex, Indices and Commodities

CFDs Review June 29, 2020 to July 3, 2020: Forex, Indices and Commodities

Please login to join discussion
  • Trending
  • Comments
  • Latest
How to become a distributor of Dangote Cement

How to become a distributor of Dangote Cement

MTN Nigeria to pay over N200 billion final dividend for 2022

List of Dividends announced in 2023, qualification and payment dates

List of Stockbrokers in Nigeria

List of Stockbrokers in Nigeria

List of Dividends announced in 2024, qualification and payment dates

List of Dividends announced in 2024, qualification and payment dates

Breaking: NNPC releases statement on fuel price adjustment

President Tinubu sacks Mele Kyari, dissolves NNPC Limited’s Board

Sunny Anene raises his stake in United Capital Plc

Renaissance completes acquisition of Shell Petroleum Company of Nigeria

Seyi Makinde sympathizes with traders over Alesinloye market fire incident in Ibadan

Seyi Makinde sympathizes with traders over Alesinloye market fire incident in Ibadan

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

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

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