Nigerian Stock Market Gains N434bn to close N11.83tr in February

March 1, 2019

Goddy Egene

The Nigerian stock market appreciated by 3.8 per cent in the month of February compared with a decline in January. The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose from 30,557.20 to close at 31,721.76 while market capitalisation gained N434 billion, rising from N11.395 trillion to N11.829 trillion at the end of the month.

The market had recorded a decline in January as general elections jitters kept most investors away. However, investors increased their patronage in February as they anticipated the release of corporate results for the year ended December 2018. Also, some investors felt the political uncertainties were reducing. Hence, the market appreciated in the month of February.



The growth would have been higher but for the decline recorded in the last two days of the month after the result of the presidential elections were announced and President Muhammadu Buhari declare the winner.

The NSE ASI had appreciated to a high of 32,700.12, while market capitalisation rose to N12.194 trillion on Monday. However, the NSE ASI closed the month at 31,721.76, while market capitalisation ended at N11.829 trillion.

The market recorded the highest decline of 1.63 per cent yesterday, which was the last day of the month. Losses by GTBank Plc, Nestle Nigeria Plc and Zenith Bank Plc were partly responsible for the decline.

However, market operators are optimistic that the market would perform better in the second half of 2019..

For instance, the Group Chief Executive Officer of Emerging Africa Capital Group, Mrs. Toyin Sanni told THISDAY that the general expectation is that the first half 2019 will be more of the same as last year because investors will be playing a wait and see approach due to the elections.

“Investors will wait to see how the elections are accepted and confirm that there will be peace in the post-election period up till May 29, which will be the day the new government will be sworn into office,” she said.

According to her, investors generally just want stability and peace, stressing that the parameters remain positive for Nigeria from a long-term perspective.

“Nigeria remains an attractive because of its size, demographics because of the continued activities of SMEs which are the drivers of this economy, because of how we have embraced the digital economy as a people and a nation because we are still a resources rich country. But investors would want to see that there is a stable government, there is peace and government is accepted by the people, investors will want to see they can expect the right economic policy and the policies will be implemented in a consistent manner,” she said

https://www.thisdaylive.com/index.php/2019/03/01/nigerian-stock-market-gains-n434bn-to-close-n11-83tr-in-february/

It was reported yesterday the stock market lost about 400b, the yam-legged children of hate were all out blaming it on the recently concluded election.

Now that it has gained over 400b, those same delusional antelopes will still tell you how the gain is not related to the election, but rather, the sole effort of individuals or propaganda.

How a collection of people will rather chose to be lying to themselves still remains a mystery.

Even the Twitter senator is already scoring political points with the report.

Alright

I once invested in this stock market and instead of my money to appreciate, it was depreciating

Sai Buhari!

NSE: Market indices open March with 0.34 per cent growth

March 1, 2019

Transactions on the Nigerian Stock Exchange (NSE) opened for the month of March on a positive trend, after declining for three consecutive days.

The News Agency of Nigeria (NAN) reports that the crucial market indices rebounded by 0.34 per cent with Nestle leading the gainers’ pack.

Specifically, the All-Share Index inched 108.54 pointed or 0.34 per cent to close at 31,827.24 compared with 31,718.70 recorded on Thursday.

Similarly, the market capitalisation which opened at N11.828 trillion rose by N40 billion or 0.34 per cent to close at N11.868 trillion.

Nestle recorded the highest price gain to lead the gainers’ table, gaining N40 to close at N1,510 per share.


Total followed with a gain of N10 to close at N200, while Dangote Cement added N1.30 to close at N196.60 per share.

C &I Leasing improved by 66k to close at N7.27, while Nigerian Breweries increased by 50k to close at N80 per share.

Conversely, Unilever topped the losers’ chart, dropping by N2.30 to close at N38.70 per share.

International Breweries trailed with a loss of N1.25 to close at N25, while Dangote Flour shed N1 to close at N9.90 per share.


Dangote Sugar declined by 35k to close at N14.65, while Union Bank of Nigeria was down by 30k to close at N6.70 per share.

However, the volume of shares exchanged stood at 341.95 million shares valued at N3.75 billion transacted in 4,513 deals.

This was in contrast with a turnover of 411.69 million shares worth N5.27 billion traded in 5,320 deals on Thursday.

Zenith Bank was the most active stock, exchanging 64.51 million shares valued at N1.55 billion.



Diamond Bank followed with an account of 44.27 million shares worth N102.09 million, while Transcorp traded 43.39 million shares worth N54.53 million.

Access Bank exchanged 37.89 million shares valued at N220.74 million, while Fidelity Bank sold 21.57 million shares worth N47.87 million.

https://www.premiumtimesng.com/business/317030-nse-market-indices-open-march-with-0-34-per-cent-growth.html

. For instance, the Group Chief Executive Officer of Emerging Africa Capital Group, Mrs. Toyin Sanni told THISDAY that the general expectation is that the first half 2019 will be more of the same as last year because investors will be playing a wait and see approach due to the elections.

“Investors will wait to see how the elections are accepted and confirm that there will be peace in the post-election period up till May 29, which will be the day the new government will be sworn into office,” she said

useless propaganda. They have started again

Saka

Am I the only one that is not understanding this? Nawaooo....

Yesterday, it looses, today it gain. Which one will i take

Better dey come my people! It shall be well with all Nigerians whether you voted Sai Baba or not

Bassmana:
Am I the only one that is not understanding this? Nawaooo....

imagine if some dashed you 50 naira last two weeks but arm robbers stole 200 naira from you yesterday.

They are bringing was happened before election to spread their propaganda

Donmedra:
useless propaganda. They have started again

shut up we are moving go the next level

Donmedra:
useless propaganda. They have started again

shut up we are moving to the next level

kheny12:
shut up we are moving to the next level

it's you and your family that is moving to buhari type of next level, not me

tobechi74:
Yesterday, it looses, today it gain. Which one will i take

Take the one that gives you joy, pretty sure the former does.

No need to vex ..... news like this gon be coming steady from now hence.....

That’s next level sh1t right here!!

Where are the children of hate claiming banking sector had a bad day.

May everyone wishing Nigeria evil shall enjoy the evil to the fullness wherever they are all the days of their life.

And every patriots say amen because it shall be well with them

Pray for the peace of Jerusalem (Nigeria) those that love shall prosper.

Good news

The wolf of Wall Street thought me so much about stock market.

Donmedra:
imagine if some dashed you 50 naira last two weeks but arm robbers stole 200 naira from you yesterday.

They are bringing was happened before election to spread their propaganda

I knew you would bring the analogy of stealing and armed robbery.

All these Pdpigz, them use stealing and robbery swear for una?

Na thief thief dey always dey una mind.

Buy 9ja stocks at ur peril

Good news for Nigeria. See shares o

Last week NSE lost billions some people were wailing and cursing, this week, I don't know who they will praise for this.

Donmedra:
imagine if some dashed you 50 naira last two weeks but arm robbers stole 200 naira from you yesterday.

They are bringing was happened before election to spread their propaganda

Wasn't Buhari the one in power before election?

When other wailers were shedding tears, it's like you were shedding your brain. Now, your brain has finished and you're thinking like a bushbaby.

TIGRITIS:
It was reported yesterday the stock market lost about 400b, the yam-legged children of hate were all out blaming it on the recently concluded election.

Now that it has gained over 400b, those same delusional antelopes will still tell you how the gain is not related to the election, but rather, the sole effort of individuals or propaganda.

How a collection of people will rather chose to be lying to themselves still remains a mystery.

Even the Twitter senator is already scoring political points with the report.

When they announced Buhari won, knowing that
sentiments were against him, investors took out
their money, not sure of how things were going to go.

When it looked like things would go on normally without crises,
they brought their money back.

So in reality, the market did not really appreciate.
At least not from its initial pre-decline state.
The money that left just came back.

They pray their country will fail so they can have something to say against government.

Jestin:
I once invested in this stock market and instead of my money to appreciate, it was depreciating

learn your lesson

coolscott:

When they announced Buhari won, knowing that
sentiments were against him, investors took out
their money, not sure of how things were going to go.

When it looked like things would go on normally without crises,
they brought their money back.

So in reality, the market did not really appreciate.
At least not from its initial pre-decline state.
The money that left just came back.

Forget long stories.

I have a single question for you.

Without investors' confidence in the market, would the money have come back?

Some investors actually thought Atiku would win

He proposed a more liberal economy

Capital market increased due to expectations

Artiku lost, couldn't accept defeat
Buhari said he would be tough
The political climate is tensed

Investors are now scared all through this week

Did some olodos understand this? I see some people saying next level. The news says the stock market gained in February. That is because the investors were expecting a new government, now that they know it's the same Buhari, a lot of them pulled out already. That means the stock market gained so much in February in anticipation of Buhari's defeat and it lost almost 90% of what it gained after Buhari was declared winner

God bless President Muhammadu Buhari

Jestin:
I once invested in this stock market and instead of my money to appreciate, it was depreciating

it is clear that u invested nothing. YYou said, "stock market" like it's some name of a company u invested in.

Tell us the cheap wretched company u invested in and stop blaming the economy.

In the stock market, u either gain or depreciate.

Someone already praising Buhari for this.
Lol
Anyways, to learn mini importation, check my signature for my WhatsApp contact.

You'd be added to a WhatsApp group containing over 100 people for the presentation.

You'd be taught on how to start and stand on your own.