• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, August 30, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Cautious Trading To Continue On Stock Market This Week

Nigerian stock market is expected to continue the cautious trading as the week will be having shorten trading days due to the public holiday, OLUSHOLA BELLO, writes.

by Olushola Bello
3 years ago
in Business
Market
Share on WhatsAppShare on FacebookShare on XTelegram

Stock Trading activities for this week will be a short one on the Nigerian Exchange (NGX) Limited as the federal government declared Monday 11th and Tuesday 12th July 2022, as public holidays to mark this year’s Eid-el-Kabir celebration.

 

Advertisement

Following last week performance, analysts expected cautious trading on stock market to continue for the three days trading, as bargain hunting and indecisiveness by investors trail the market.

 

Also, they expected mixed trading in the midst of bargain hunting and portfolio reshuffling, ahead of the interim dividend season and second-half of the year, while investors digest the March audited accounts released.

 

RELATED

GTCO Declares Pre-tax Profits Of N300.4bn In Q1

GTCO Crosses N500bn Capital Base With Fresh Fund Injection

10 hours ago
JUST-IN: Federal Gov’t Increases Mining Fees, Royalties To Be Paid Operators

Scholarship Beneficiaries Seek Minister’s Intervention Over Mining In Community

10 hours ago
ADVERTISEMENT

 

Analysts Optimism

In the new week, analysts at Cordros Securities Limited said: “with the moderation in the prices of bellwether stocks this week, we expect savvy investors to take advantage of this and make re-entry ahead of the first half (H1), 2022 earnings season.
“However, we do not rule out the possibility of continued profit-taking activities. As a result, we think the local bourse will likely exhibit a choppy pattern. Therefore, we advise investors to take positions in only fundamentally justified stocks.”
Analysts at Cowry Assets Management Limited, stated that, “in the new week, the anticipation of first half (H1), 2022 results are expected to act as catalyst to trigger more bullish sentiments. Also, we continue to maintain positive sentiments in the market while investors are advised to trade on companies’ stocks with good fundamentals and a positive outlook so as to avoid falling into the bear trap.”

ADVERTISEMENT

 

 

Last Week’s Trading Activities

In the just concluded week, the Nigerian equities market ended on a bearish note from the prior week in four out of five trading sections due to continued sell-off in some stocks by investors who are beginning to position for the earning season.
The All-Share Index shed 0.53 per cent week-on-week (W-o-W) to close at 51,557.41 points. Similarly, market capitalisation lost N139 billion W-o-W to close at N27.803 trillion.

 

Particularly, sell-offs in International Breweries, Union Bank of Nigeria (UBN), FBN Holdings (FBNH), FCMB Group and NASCON Allied Industries led the weekly loss.

 

Sectoral performance was largely bearish. The NGX Banking index declined by 0.31 per cent. NGX Insurance index recorded a weekly loss of 2.53 per cent, while NGX Oil & Gas index dipped by 0.41 per cent. On the other side, the NGX Consumer Goods Index and NGX Industrial Index rose by 1.42 per cent and 0.15 per cent respectively W-o-W.

 

The market breadth for the week was positive as 31 equities appreciated in price, 26 equities depreciated in price, while 99 equities remained unchanged. Academy Press led the gainers table by 48.82 per cent to close at N1.89, per share. UPDC followed with a gain of 20.39 per cent to close at N1.24, while Learn Africa went up by 11.11 per cent to close to N2.50, per share.

 

On the other side, R T Briscoe led the decliners table by 22.73 per cent to close at 34 kobo, per share. International Breweries followed with a loss of 14.29 per cent to close at N5.40, while MRS Oil Nigeria declined by 11.08 per cent to close at N14.45, per share.

 

Overall, a total turnover of 822.404 million shares worth N10.366 billion in 20,643 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 1.348 billion shares valued at N24.487 billion that exchanged hands previous week in 22,155 deals.

 

The Financial Services Industry (measured by volume) led the activity chart with 491.270 million shares valued at N 4.499 billion traded in 9,961 deals; contributing 59.74 per cent and 43.40 per cent to the total equity turnover volume and value respectively.

 

glomerates Industry followed with 81.698 million shares worth N218.285 million in 605 deals, while the Consumer Goods Industry pulled a transaction of 55.052 million shares worth N855.318 million in 3,093 deals.

 

Trading in the top three equities namely Guaranty Trust Holding Company (GTCO), United Bank for Africa (UBA) and Transnational Corporation (Transcorp) accounted for 244.025 million shares worth N2.680 billion in 3,732 deals, contributing 29.67 per cent and 25.86 per cent to the total equity turnover volume and value respectively.


Join Our WhatsApp Channel



Tags: stock market
SendShare10182Tweet6364Share
ADVERTISEMENT
Previous Post

Mitigating Challenges Of Exporters To Boost Dollar Inflow

Next Post

Need For African Insurers To Retain Risks, Leverage Opportunities

Olushola Bello

Olushola Bello

You May Like

GTCO Declares Pre-tax Profits Of N300.4bn In Q1
Business

GTCO Crosses N500bn Capital Base With Fresh Fund Injection

2025/08/30
JUST-IN: Federal Gov’t Increases Mining Fees, Royalties To Be Paid Operators
Business

Scholarship Beneficiaries Seek Minister’s Intervention Over Mining In Community

2025/08/30
Business

Budget Office Explains Delay In Budget Implementation Reports

2025/08/30
T2, Huawei Ink Multi-Million Dollar Deal For Core Network Overhaul
Business

T2, Huawei Ink Multi-Million Dollar Deal For Core Network Overhaul

2025/08/30
Maltina Rolls Out New PET Bottles
Business

Maltina Rolls Out New PET Bottles

2025/08/30
Abia Think Tank Calls For Govt Accountability, Inclusivity
Business

Abia Govt To Revive Moribund Industries In Aba

2025/08/30
Leadership Conference advertisement

LATEST

Sunderland Score 2 Late Goals To Beat Brentford

Fernandes Injury-time Penalty Gives Man Utd Victory Over Burnley

Bournemouth End Tottenham’s Unbeaten Start

Grealish Shines As Everton Defeat Wolves

Chelsea Submits €40m Bid For Barcelona’s Fermín López

Colombian VP Arrives Abuja On Official Visit To Nigeria

BBNaija S10: Faith Considers Voluntary Exit, Labels Show ‘Waste Of Time’

Cremonese Finalise Loan Deal For Brighton’s Jeremy Sarmiento

Police Arrest Suspected Cultist For Alleged Rape In Akwa Ibom

Police Arrest 2 Suspects, Recover 26 Stolen Phones, PoS Terminals In Kano

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.