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Total, Ardova, Unilever Close in Red as Stock Investors Gain N40bn on Tuesday

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Stock Investors Gain N40bn on Tuesday as Total, Ardova, Unilever Close in Red

Stock investors gained N40 billion on Tuesday despite Total Nigeria, Ardova, Unilever and others closing in the red.

The market capitalisation of listed equities expanded by N40 billion from N12.919 trillion it closed on Monday to N12.959 trillion on Tuesday.

While the NSE All-Share Index appreciated by 0.31 percent from 24,766.2 basis points to 24,841.94 bps on Tuesday.

Investors traded 154.467 million shares valued at N1.458 billion in 4,222 transactions during the trading hours of Tuesday. See the details below.

Top Trades by Volume

Symbols

Volume

Value

TRANSCORP

13,543,976

N8,078,600.75

FBNH

11,715,168

N59,183,877.90

WAPCO

8,958,428

N105,262,432.95

NB

8,871,692

N283,820,516.30

CUSTODIAN

8,640,185

N43,345,564.70

 Top Gainers

Symbols

Last Close

Current

Change

%Change

SEPLAT

N310.2

N321

10.8

3.48%

NB

N31

N32

1

3.23%

FLOURMILL

N18.75

N19.5

0.75

4.00%

ZENITHBANK

N16.35

N16.95

0.6

3.67%

UACN

N6.3

N6.85

0.55

8.73%

 Top Losers

Symbols

Last Close

Current

Change

%Change

TOTAL

N87.8

N79.1

-8.7

-9.91%

CAP

N17.1

N15.4

-1.7

-9.94%

ARDOVA

N13.45

N12.15

-1.3

-9.67%

UNILEVER

N12.25

N11.2

-1.05

-8.57%

GLAXOSMITH

N5.3

N4.85

-0.45

-8.49%

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: MD of Fidelity Bank Acquires 5 Million Shares of Fidelity

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Nneka Onyeali-Ikpe

Mrs. Nneka Onyeali-Ikpe, the Managing Director and Chief Executive Officer (CEO) Designate, Fidelity Bank Plc, purchased 5,000,000 shares of Fidelity Bank on Monday, November 30, 2020.

The management disclosed this in a statement forwarded to the Nigerian Stock Exchange (NSE).

Onyeali-Ikpe purchased the shares in five different transactions, according to the statement signed by Ezinwa Unuigboje, the Company Secretary, Fidelity Bank Plc.

It said 260,190 shares were acquired at N2.52 per share. While 400,000; 130,000; 2,870,000 and 1,339,810 shares were purchased at N2.55; N2.58; N2.60 and N2.56, respectively.

Aggregate information revealed the 5,000,000 shares were acquired at an average price of N2.56 per share. See the details below.

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Despite Opening in Red, The Nigerian Stock Exchange Closed in Green

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The Nigerian Stock Exchange closed positive on Monday despite opening the day in the red.

The market capitalisation rebounded from the N51 billion decline recorded earlier in the day to close with N21 billion profit at N18.309 trillion market value.

Similarly, the NSE All-Share Index recovered from a 0.29 percent dip to gain 0.45 percent and closed the day at 35,042.14 index points.

Investors traded 415.531 million shares valued at N4.898 billion in 5,267 transactions during the trading hours of Monday.

Airtel Africa led the most traded stocks with a N53.5 gain to close at N588.5 per share. MTN Nigeria came second with a 20 kobo gain to close at N155.2 a single share. See the details below.

Top Trades

Symbols Volume Value
MULTIVERSE 84,009,000 N16,801,800.00
ZENITHBANK 47,021,980 N1,134,491,309.95
TRANSCORP 34,072,114 N34,291,450.53
ACCESS 29,904,160 N256,045,236.40
MBENEFIT 21,566,583 N4,659,761.09

Top Gainers

Symbols Last Close Current Change %Change
AIRTELAFRI N535 N588.5 53.5 10.00%
MTNN N155 N155.2 0.2 0.13%
AIICO N1 N1.1 0.1 10.00%
UBN N5.5 N5.6 0.1 1.82%
FCMB N3.25 N3.33 0.08 2.46%

Top Losers

Symbols Last Close Current Change %Change
GUARANTY N35 N33.2 -1.8 -5.14%
BUACEMENT N56 N55 -1 -1.79%
UNILEVER N13.75 N12.95 -0.8 -5.82%
NNFM N7.7 N6.93 -0.77 -10.00%
FIDSON N5.47 N4.93 -0.54 -9.87%

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Moderna Shares Jumped 20.24 Percent After Announcing Plans to Seek Approval for COVID-19 Vaccine in US and Europe

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COVID-19 Vaccine: Moderna to Seek Emergency Authorisation in US, Europe

The share price of Moderna, an American Biotechnology company, rose by 20.24 percent or $25.71 on Monday after the company announced plans to apply for US and European emergency authorisation for its COVID-19 vaccine that it claimed was 100 percent effective in preventing severe cases and 94.1 percent on the regular.

Tal Zaks, Moderna Chief Medical Officer, said “We believe that we have a vaccine that is very highly efficacious. We now have the data to prove it.”

“We expect to be playing a major part in turning around this pandemic,” Zaks stated.

This is coming two days after the United Kingdom ordered 40 million doses of Pfizer and BioNTech COVID-19 vaccine and announced plans to commence usage as early as December 7th.

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