News
VENO NEWS NGX weekly: Investors gain N1.137trn as Wema, FBN, Universal lead
Date: 14-01-25
The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation appreciated by 1.80 per cent each, to close the week at 105,451.06 and N64.303 trillion respectively.
Theses are against 103,586.33 and 63.166 trillion posted last week.
Consequently, equity investors gained a total of N1.137 trillion for the week under review.
Similarly, all other indices finished higher with the exception of NGX Insurance, NGX AFR Bank Value, NGX AFR Div Yield, NGX MERI Value, NGX Consumer Goods, NGX Oil and Gas.
Also, NGX Industrial Goods which depreciated by 6.91, 0.08, 1.11, 0.17, 0.34, 0.34 and 0.26 per cent respectively, while the NGX ASeM closed flat.
Meanwhile, a total turnover of 4.698 billion shares worth N85.043 billion in 72,562 deals was traded this week by investors on the floor of the Exchange.
This was in contrast to a total of 2.618 billion shares valued at N69.742 billion that exchanged hands last week in 47,953 deals.
The Financial Services Industry measured by volume led the activity chart with 3.470 billion shares valued at N40.791 billion traded in 34,364 deals: thus contributing 73.86 and
47.97 per cent to the total equity turnover volume and value respectively.
The Services industry followed with 407.032 million shares worth N2.226 billion in 4,996 deals.
Third place was the ICT Industry, with a turnover of 237.680 million shares worth N3.628 billion in 5,280 deals.
Trading in top three equities namely, Wema Bank Plc, FBN Holdings Plc and Universal Insurance Plc, measured by volume accounted for 1.679 billion shares worth N20.838 billion in 4,922 deals.
These contributed 35.74 per cent and 24.50 per cent to the total equity turnover in volume and value respectively.
Also, 51 equities appreciated in price during the week, lower than 82 equities in the previous week.
Thirty-nine equities depreciated in price higher than 18 in the previous week, while 62 equities remained unchanged, higher than 52 recorded in the previous week.
Multiverse Mining and Exploration Plc led 50 other advanced equities on the gainers’ table by 53.42 per cent to close at N12.35 per share.
Sunu Assurances also led the 38 other declined equities on losers’ table by 36.52 per cent to close at N7.30 per share.
Looking ahead, analysts at Cowry Asset Management Ltd., predicted bullish momentum at the equity market to persist in the coming week.
The analysts said this would be supported by anticipation of fourth quarter 2024 unaudited financial results and preparations for the dividend earning season.
They noted that positive sentiment is likely to prevail as stocks continue to reach new historical highs, bolstered by favourable market valuations and outlooks.
“Nonetheless, we advise investors to focus on fundamentally sound stocks to maximise returns amidst the ongoing rally,” the analysts said. (NAN)
Rukayat Adeyemi
Culled from NAN
Date: 14-01-25
The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation appreciated by 1.80 per cent each, to close the week at 105,451.06 and N64.303 trillion respectively.
Theses are against 103,586.33 and 63.166 trillion posted last week.
Consequently, equity investors gained a total of N1.137 trillion for the week under review.
Similarly, all other indices finished higher with the exception of NGX Insurance, NGX AFR Bank Value, NGX AFR Div Yield, NGX MERI Value, NGX Consumer Goods, NGX Oil and Gas.
Also, NGX Industrial Goods which depreciated by 6.91, 0.08, 1.11, 0.17, 0.34, 0.34 and 0.26 per cent respectively, while the NGX ASeM closed flat.
Meanwhile, a total turnover of 4.698 billion shares worth N85.043 billion in 72,562 deals was traded this week by investors on the floor of the Exchange.
This was in contrast to a total of 2.618 billion shares valued at N69.742 billion that exchanged hands last week in 47,953 deals.
The Financial Services Industry measured by volume led the activity chart with 3.470 billion shares valued at N40.791 billion traded in 34,364 deals: thus contributing 73.86 and
47.97 per cent to the total equity turnover volume and value respectively.
The Services industry followed with 407.032 million shares worth N2.226 billion in 4,996 deals.
Third place was the ICT Industry, with a turnover of 237.680 million shares worth N3.628 billion in 5,280 deals.
Trading in top three equities namely, Wema Bank Plc, FBN Holdings Plc and Universal Insurance Plc, measured by volume accounted for 1.679 billion shares worth N20.838 billion in 4,922 deals.
These contributed 35.74 per cent and 24.50 per cent to the total equity turnover in volume and value respectively.
Also, 51 equities appreciated in price during the week, lower than 82 equities in the previous week.
Thirty-nine equities depreciated in price higher than 18 in the previous week, while 62 equities remained unchanged, higher than 52 recorded in the previous week.
Multiverse Mining and Exploration Plc led 50 other advanced equities on the gainers’ table by 53.42 per cent to close at N12.35 per share.
Sunu Assurances also led the 38 other declined equities on losers’ table by 36.52 per cent to close at N7.30 per share.
Looking ahead, analysts at Cowry Asset Management Ltd., predicted bullish momentum at the equity market to persist in the coming week.
The analysts said this would be supported by anticipation of fourth quarter 2024 unaudited financial results and preparations for the dividend earning season.
They noted that positive sentiment is likely to prevail as stocks continue to reach new historical highs, bolstered by favourable market valuations and outlooks.
“Nonetheless, we advise investors to focus on fundamentally sound stocks to maximise returns amidst the ongoing rally,” the analysts said. (NAN)
Rukayat Adeyemi
Culled from NAN
LINKS
- VENO tv: Business Access Bank Plc Appoints Oluseyi Kumapayi as DMD, African Subsidiaries- VENO TV | FEATURE | ROYAL NEWS Prince Mayowa Aroloye Emerges New Owa-Elect of Idanre Defeats six other contenders as Idanreland prepares to welcome a new traditional ruler after over two years without a substantive monarch.
- EDITORIAL | NOVEMBER 3, 2026 TINUBU KISSES BLACK STONE IN MAKKAH: HISTORY, FAITH AND THE DEBATE OVER NIGERIAN PRESIDENTS Abacha, Buhari and Tinubu: Is History Repeating Itself, or Are Nigerians Reading Too Much Into a Religious Tradition?
- VENO TV | FOREIGN NEWS | NOVEMBER 2, 2026 British Man Completes Round-the-World Walk After 28 Years Former British soldier Karl Bushby covers approximately 50,000 kilometres across four continents, returns home to emotional welcome.
- VENO TV | FOREIGN NEWS King Charles Acknowledges Injustices of Slavery, as Caribbean Nations Demand Reparations British monarch admits historical suffering during Caribbean visit but stops short of formal apology.
- VENO TV: FirstBank Partners Google Pay, Expands Digital Payment Options for Cardholders Bank strengthens digital banking innovation with secure, convenient and contactless payment solutions.
- VENO tv: ISRAEL ELECTION: GADI EISENKOT EMERGES AS NETANYAHU'S MAIN CHALLENGER AS POLLS NEAR CLOSE Former Israeli military chief mounts strong opposition challenge as millions vote in crucial parliamentary election.
- VENO TV | FEATURE AMANYANABO DOKUBO-ASARI MEETS GOV. BAGO, INVITES HIM TO SE DIYE IN BUGUMA
- VENO tv: BUSINESS ACCESS HOLDINGS TRANSFORMS WASTE TYRES INTO SCHOOL SANDALS FOR 10,450 CHILDREN
- VENO TV | FEATURE AMANYANABO DOKUBO-ASARI TAKES ROYAL DIPLOMACY TO IFE, SEEKS HISTORIC CULTURAL AND ECONOMIC ALLIANCE WITH OONI From the Source of Elem Kalabari to the cradle of Yoruba civilisation, the royal visit strengthens inter-kingdom friendship ahead of the December 19 SE DIYE coronation ceremony.
- VENO tv | ENTERTAINMENT NEWS Friday, October 23, 2026 RAYE WINS 2026 MERCURY PRIZE FOR SECOND ALBUM British singer defeats Paul McCartney, Olivia Dean and other top stars to claim prestigious music award.
- VENO tv | FEATURE MY TRIBUTE TO MY DEPARTED HUSBAND: A GALLANT SOLDIER IS GONE A Life of Service, Love, Sacrifice and Enduring Legacy By Morohunmubo Anike Okosun (Mubo Okosun)
- VENO TV OPINION 2027 ELECTION: AJÁ TÓ BÁ GBÉ EGUNGUN S??NU, KÒ LÈ GBÓ! “A DOG WITH A BONE IN ITS MOUTH CANNOT BARK!” When the voices of conscience become silent, who will speak for the suffering masses?
- VENO tv: DA-AMAKIRI TUBO: THE JOURNEY OF AMANYANABO MUJAHID ABUBAKR DOKUBO-ASARI From the Niger Delta struggle to the throne of Elem Kalabari: A life shaped by conviction, sacrifice and service
- VENO tv | FROM THE PULPIT SUNDAY TONIC WITH PASTOR PRINCESS VENISA OJO Popularly known as Omo Oba Jesu FAITH TRIUMPHS IN TROUBLE
- VENO tv: BUSINESS FirstBank Sponsors 2026 Georgian Cup, Reaffirms Commitment to Polo Historic partnership dating back to 1919 celebrates over a century of sporting excellence.
- VENO tv | FEATURE BEFORE SCOOPING FUEL FROM A FALLEN TANKER, WRITE YOUR WILL
- VENO TV: POLITICS GOVERNOR ADELEKE TO PRESIDENT TINUBU: “THE VICTORY HAS COME, THERE IS LIGHT AT THE END OF THE TUNNEL” …As Accord Party Chieftain Distances Party Members from Governor's Declaration
- VENO INTERNATIONAL MAGAZINE EDITORIAL | POLITICS 14 OCTOBER 2026 TINUBU MUST GO VS TINUBU MUST STAY! Two Conflicting Voices, One Nigeria: What Does This Mean for 2027?
- VENO tv | EDITORIAL ON THE MARCH AGAIN! GRAB YOUR PVC AHEAD OF 2027 ELECTIONS Your Permanent Voter's Card Is Your Licence to Participate in Nigeria's Democratic Process
Page 1 of 71 [Next] [Last Page]