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Nigerian Stock Exchange Closes the Week Strong, Gains N181 Billion

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Nigerian Stock Exchange Gained N181 Billion This Week

The Nigerian Stock Exchange gained for five consecutive days this week to close the week strong. This is coming amid mixed second-quarter earnings reports from various listed companies.

The Exchange gained N181 billion or 1.41 percent from N12.882 trillion it closed last week before the Sallah holiday to N13.063 trillion this week. While the market capitalisation of listed stocks expanded by 1.41 percent or 348.16 basis points from 24,693.7 bps it closed last week to 25,041.89 bps this week.

During the week, investors traded 1.065 billion shares valued at N10.798 billion in 20,482 transactions, more than the 421.984 million shares valued at N5.337 billion that were traded in 11,801 deals in the previous week.

The sectoral analysis showed the Financial Services sector led in terms of volume traded with 677.301 million shares worth N5.070 billion in 10,386 deals. Therefore, contributing 63.59 percent and 46.95 percent to the total volume traded for the week.

This was followed by the Conglomerates sector with 153.384 million shares worth N580.216 million exchanged in 894 transactions. Industrial Good sector came third with 57.404 million shares valued at N861.263 million traded in 1,671 deals.

In terms of the most traded equities, FBN Holdings Plc, UACN Plc and Access Bank Plc led with a combined 320.196 million shares worth N1.802 billion in 2,639 deals. The three contributed 30.06 percent and 16.69 percent to the total equity turnover volume and value, respectively.

A break down of the week turnover revealed that investors traded 186,481,739 shares valued at N1,309,755,694 in 4,718 transactions on Monday. On Tuesday, a total turnover of 154,467,244 shares worth N1,457,531,880 was exchanged in 4,222 deals.

Investors traded 383,289,488, 173,748,425, and 167,139,054 shares valued at N3,892,572,516, N2,132,848,753 and N2,005,566,396 in 3,860 deals, 3,646 deals and 4,036 deals on Wednesday, Thursday and Friday, respectively.

So far this quarter, the bourse has gained 2.30 percent to moderate the year-to-date decline to 6.71 percent.

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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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Stock Market Extends Bullish Run in December, Opens the Month With 0.30% Gain

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Nigerian stock investors continued to dump more funds on Nigerian equities in December as the Nigerian Stock Exchange opened the month on a positive strong note.

The NSE All-Share Index gained 0.30 percent to settle at 35,147.62 index points while the market capitalisation rose by N56 billion from N18.309 trillion recorded on Monday to settle at N18.365 trillion on Tuesday.

Investors traded 308.181 million shares valued at N3.403 billion in 35,147.62 index points during the trading hours of Tuesday.

Access Bank led the most traded stock 43,368,357 shares worth N376,476,921.75. While First Bank followed with 31,934,748 shares valued at N229,789,381.55. See the details below.

Top Trades

Symbols Volume Value
ACCESS 43,368,357 N376,476,921.75
FBNH 31,934,748 N229,789,381.55
MBENEFIT 24,434,500 N5,155,841.00
UBA 24,092,641 N200,213,240.15
GUARANTY 24,056,718 N859,153,111.15

Top Gainers

Symbols Last Close Current Change %Change
GUARANTY N33.2 N35 1.8 5.42%
SEPLAT N400.7 N402.3 1.6 0.40%
ZENITHBANK N24 N24.4 0.4 1.67%
CAVERTON N1.72 N1.89 0.17 9.88%
CUTIX N1.53 N1.68 0.15 9.80%

Top Losers

Symbols Last Close Current Change %Change
GUINNESS N18.9 N18.35 -0.55 -2.91%
FLOURMILL N27.85 N27.6 -0.25 -0.90%
MTNN N155.2 N155 -0.2 -0.13%
FCMB N3.33 N3.21 -0.12 -3.60%
UBA N8.3 N8.2 -0.1 -1.20%

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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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