Connect with us

Stock Market

MTN, Zenith, First Bank Led Losers as Investors Lose More Money

Published

on

stock

MTN, Zenith, First Bank  Drag Investors into the Red Zone

MTN Nigeria led losers on Thursday as market rout continues across the Nigerian Stock Market.

The market capitalisation of listed equities depreciated further by N1 billion from N12.86 trillion on Wednesday to N12.85 trillion on Thursday.

While the NSE All-Share Index dipped by 0.12 percent from 24,655.05 basis points on Wednesday to 24,625.24 on Thursday.

Investors traded 130.279 million shares valued at N1.624 billion in 3,413 transactions during the trading hours of Thursday. This was lower than the 189.253 million shares worth N1.917 billion that exchanged hands in 3,364 deals on Wednesday.

In terms of volume traded, Zenith Bank led with 18.953 million shares worth N308.379 million. Transcorp followed with 16.064 million shares worth N11.267 million.

First Bank of Nigeria Holding Plc recorded 9.932 million traded shares valued at N52.511 million on Thursday. Mbenefit and Guinness added 6.944 million shares and 6.427 million shares worth N1.506 million and N96.647 million, respectively.

Top Gainers

Neimeth emerged top gainer with 9.65 percent profit to close at N1.25 per share. Wema Bank followed with a 9.09 percent gain to settle at 60 kobo.

Maybaker, ETI and FCMB added 3.09 percent, 2.13 percent and 1.67 percent to close at N3, N4.8 and N1.88 per share, respectively.

Top Losers

On the flip side, LinkAssure led losers in terms of percentage. Declined by 9.43 percent to settle 48 kobo a share. Livestock followed with 2.86 decline to close at 68 kobo per share.

Zenith Bank, First Bank and MTN Nigeria added 1.52 percent, 0.94 percent and 0.42 percent to close at N16.15 per share, N5.25 per share and N117.5 per share, 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.

Stock Market

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

Published

on

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.

Continue Reading

Stock Market

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

Published

on

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.

Continue Reading

Stock Market

Bank Stocks Top Charts Amid Strong Third Quarter Performance

Published

on

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%

Continue Reading

Trending