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BUA, UACN, Zenith Bank, UBA Drag Stock Market Down on Monday

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Stock Market Closed Slightly in the Red on Monday

The Nigerian Stock Exchange (NSE) closed slightly in the red on Monday as the stocks of BUA Cement, UAC of Nigeria, Zenith Bank and others dragged down the Exchange.

Investors traded 175.326 million shares valued at N1.425 billion in 4,294 transactions during the trading hours of Monday.

The market capitalisation of listed equities depreciated slightly by N7 billion from N13.063 trillion it closed on Friday to N13.056 trillion on Monday.

While NSE All-Share Index dipped by 0.06 percent from 25,041.89 basis points on Friday to 25,027.61 bps on Monday. See the details below.

Top Trades

Symbols Volume Value
FBNH 22,937,239 N116,287,286.35
UNILEVER 17,200,648 N206,388,111.85
GUARANTY 13,978,680 N344,278,690.35
FIDELITYBK 11,695,537 N21,092,638.89
JAIZBANK 11,328,804 N6,444,760.40

Top Gainers

Symbols Last Close Current Change %Change
GUINNESS N14.1 N15 0.9 6.38%
UNILEVER N11.2 N12 0.8 7.14%
CAP N17 N17.5 0.5 2.94%
WAPCO N11.75 N12 0.25 2.13%
UCAP N3.03 N3.24 0.21 6.93%

Top Losers

Symbols Last Close Current Change %Change
BUACEMENT N39.5 N38.95 -0.55 -1.39%
UACN N6.2 N5.9 -0.3 -4.84%
ETI N4.25 N4.05 -0.2 -4.71%
ZENITHBANK N16.9 N16.8 -0.1 -0.59%
UBA N6.55 N6.45 -0.1 -1.53%

 

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

Stock Market Opens in The Red on Monday as Dangote Sugar, Zenith Bank, Others Led Losers

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Nigerian Stock Exchange

Nigerian stock market opened the week in the red following consecutive weeks of strong performance.

In the early hours of the day, investors traded 121.196 million shares valued at N985.177 million in 2,572 transactions.

The Nigerian Stock Exchange market capitalisation dipped by N51 billion from N18.288 trillion to N18.177 trillion. While the NSE All-Share Index declined by 0.29 percent to 34,784.54 index points.

N Nigeria Flour Mills Plc led losers with a 10 percent decline. Followed by Neimeth, Dangote Sugar, Zenith Bank and Guaranty Trust Bank with 9.63 percent, 3 percent, 1.23 percent and 0.86 percent, respectively. See the details below.

Top Trades

Symbols Volume Value
TRANSCORP 19,644,249 N19,905,215.96
MBENEFIT 18,107,400 N3,918,776.00
ZENITHBANK 14,802,655 N356,221,166.85
MANSARD 10,056,283 N25,438,143.39
ACCESS 7,420,108 N63,444,003.35

Top Gainers

Symbols Last Close Current Change %Change
MANSARD N2.34 N2.49 0.15 6.41%
NEM N2.47 N2.55 0.08 3.24%
UPL N1.38 N1.41 0.03 2.17%
CUTIX N1.7 N1.73 0.03 1.76%
LIVESTOCK N1.3 N1.33 0.03 2.31%

Top Losers 

Symbols Last Close Current Change %Change
NNFM N7.7 N6.93 -0.77 -10.00%
DANGSUGAR N20 N19.4 -0.6 -3.00%
ZENITHBANK N24.45 N24.15 -0.3 -1.23%
GUARANTY N35 N34.7 -0.3 -0.86%
NEIMETH N2.7 N2.44 -0.26 -9.63%

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Stock Market

Nigerian Stock Exchange Leads Global Stocks, Year-to-date Gain Increased to 30% Last Week

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stock bull

Nigerian Stock Exchange sustained its bullish momentum last week as investors traded a total turnover of 1.816 billion shares valued at N25.791 billion in 31,665 deals.

This was below the 11.400 billion shares worth N35.892 billion transacted in 39,265 deals in the previous week. However, the Exchange managed to sustain its global lead as sentiment remained high despite the economic recession and a series of other uncertainties.

In terms of volume traded, the financial services industry led with 1.274 billion shares estimated at N14.710 billion that exchanged hands in 18,392 deals. Therefore, contributing 70.15 percent and 57.04 percent to the total equity turnover volume and value, respectively.

The conglomerates industry followed with 217.170 million shares valued at N231.809 million and exchanged in 1,226 deals. In third place was the consumer goods industry with a turnover of 113.760 million shares valued at N2.598 billion in 4,568 deals.

Zenith Bank Plc, Transnational Corporation of Nigeria Plc and Access Bank Plc led the most traded stocks in terms of volume. Together, the three accounted for 649.529 million shares valued at N8.104 billion in 6,395 deals and contributed 35.76 percent and 31.42 percent to the total equity turnover volume and value, respectively.

The market capitalisation of listed equities expanded by 2.19 percent to settle at N18.228 trillion while the NSE All-Share Index also gained 2.19 percent or 748.69 index points to 34,885.51 index points, up from 34,136.82 index points recorded in the previous week.

The bourse year to date return rose to 29.97 percent, the highest performer among Bloomberg tracked 93 global stocks. NSE Premium index led with 47.85 percent year-to-date gain while the NSE AFR Div Yield Index trailed with 47.82 percent gain. See the list of top gainers and losers for the week below.

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Stock Market

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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