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Dangote, GTBank, MTN Sustain Stock Market, Investors Gained N48bn

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  • Dangote, GTBank, MTN Sustain Stock Market, Investors Gained N48bn

Dangote Cement, MTN Nigeria and Gtbank led top gainers on Tuesday to bolster the Nigerian Stock Exchange to N48 billion profit.

The market capitalisation of listed equities rose by N48 billion from N13.194 trillion to N13.242 trillion on Tuesday. While the NSE All-Share Index expanded by 0.27 percent or 67.28 basis points to settle at 25,338.43 basis points, up from 25,316.15.

Activity level was mixed as 377.9 million shares valued at N6.1 billion were exchanged in 4,585 deals against 253.3 million shares worth N2.7 billion traded in 4,775 transactions on Monday.

Therefore, while the volume and value of stocks traded grew by 49.18 percent and 128.87 percent, respectively, transactions done declined by 3.98 percent.

Accordingly, 20 stocks recorded gains against 18 equities that closed in the red during the trading session.

Dangote Cement led the gainers’ table with N2 to close at N141 per share, while GTBank followed with 55kobo to settle at N25.10 per unit share.

MTN Nigeria added 50 kobo to close at N116.50 per share, NASCON rose by 20 kobo to settle at N11.30 a share, while SAHCO expanded by 18 kobo to traded at N2.07 per unit.

The sectoral analysis showed the insurance sector gained the most on Tuesday, adding 0.44 percent. This was followed by 20kobo from the industrial goods sector.

Further breakdown showed the most attractive stock during the trading hours was Nigerian Breweries that sold 50.5 million shares valued at N2.2 billion.

GTBank traded 40.5 million shares valued at N1.0 billion. Zenith Bank, AIICO Insurance and FBN Holdings traded 34.9 million shares, 29.5 million shares and 27.7 million shares worth N599.0 million, N31.1 million and N151.1 million, respectively.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Insider Dealing: Flour Mills MD Invest N91.642 Million in Flour Mills

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flour mills posts 184% increase in PAT

Following the purchase of 1.95 million shares in Flour Mills of Nigeria a few days ago, the Group Managing Director, Paul Miyonmide Gbededo, has purchased another 1.34 million shares at N27.75k per share.

The company stated in a disclosure form released through the Nigerian Stock Exchange (NSE).

Mr. Gbededo bought an additional 1,336,028 shares valued at N37,074,777 on November 19, 2020 at the Nigerian Stock Exchange (NSE) in Lagos. Meaning, Gbededo invested an additional N37,074,777 into Flour Mills in what could be said as a show of confidence in the company’s future.

This brings the Managing Director’s total purchase in November to 3,284,867 shares at a combined value of N91,642,269. See the details below.

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Insider Dealing: Fidelity Bank’s GM Purchases 1 Million Shares in the Bank

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Fidelity Bank

The General Manager and Regional Bank Head, Fidelity Bank Plc, Mr. Kenneth Opara, has purchased 1 million shares of Fidelity Bank Plc.

The bank stated in a disclosure statement forwarded to the Nigerian Stock Exchange (NSE) on Friday.

Opara carried out the purchase in two different transactions on November 25, 2020 at the Nigerian Stock Exchange trading flour in Lagos, Nigeria.

The General Manager bought 6,000 shares at N2.78 per unit and another 994,000 at N2.79 per share. Bringing total purchase to 1 million shares at an average share price of N2.78. See the details below.

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Bank Stocks Top Charts Amid Strong Third Quarter Performance

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Zenith Bank

Bank stocks top both gainers’ and top traded stocks’ charts on Tuesday as investors at the Nigerian Stock Exchange continues to increase their holdings of banks’ stocks amid strong third-quarter financial results.

Zenith Bank led the most traded stocks for a second consecutive day on Tuesday following a declaration of  N509 billion gross earnings and N177 billion profit after tax in the first nine months of the year.

Investors traded 71,933,841 shares of Zenith Bank valued at N1,730,151,404.20 during the trading hours of Tuesday.

Transcorp, the only non-bank stock on the top five trades, followed Zenith Bank with 37,172,526 shares worth N32,853,263.27.

Guaranty Trust Bank Plc, Access Bank and United Bank for Africa (UBA) exchanged 30,003,182 units, 29,549,235 units and 29,332,033 units estimated at N1,022,126,997.60, N243,311,726.70 and N236,303,261.20, respectively.

Investors exchanged a total of 365.414 million shares valued at N4.692 billion in 6,325 deals on Tuesday to return the bourse to the green zone after two days of consecutive declines.

The Nigerian Stock Exchange market capitalisation rose by N114 billion from N17.829 trillion it closed on Monday to N17.943 trillion on Tuesday. While the NSE All-Share Index gained 220.82 index points or 0.06 percent to 34,349.56 index points it settled on Tuesday, up from 34,119.74 index points on Monday.

Stanbic IBTC Bank led gainers with N2.8 or 7.08 percent gain to finish the day at N42.35 per share. See the details below.

Top Trades 

Symbols Volume Value
ZENITHBANK 71,933,841 N1,730,151,404.20
TRANSCORP 37,172,526 N32,853,263.27
GUARANTY 30,003,182 N1,022,126,997.60
ACCESS 29,549,235 N243,311,726.70
UBA 29,332,033 N236,303,261.20

Top Gainers

Symbols Last Close Current Change %Change
STANBIC N39.55 N42.35 2.8 7.08%
UBA N7.7 N8.2 0.5 6.49%
ACCESS N7.9 N8.35 0.45 5.70%
FBNH N6.7 N7.15 0.45 6.72%
UBN N5.5 N5.9 0.4 7.27%

Top Losers

Symbols Last Close Current Change %Change
JBERGER N19 N17.3 -1.7 -8.95%
FIDSON N5.4 N4.87 -0.53 -9.81%
GUINNESS N18 N17.5 -0.5 -2.78%
ETERNA N4.61 N4.15 -0.46 -9.98%
UACN N7.95 N7.65 -0.3 -3.77%

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