Stock Investors Gain N83bn this Week as Cadbury, Nigerian Brew, Others Close in Green
The Nigerian Stock Exchange closed the week in the green this week as stocks of Cadbury Nigeria Plc, Nigerian Breweries, Unilever Nigeria Plc, C&I Leasing Plc and others closed the week strong.
Investors traded total shares of 1.327 billion valued at N13.934 billion in 19,392 transactions during the week, against 1.065 billion shares worth N10.798 billion traded in 20,482 deals in the previous week.
A break down of the week activities showed the financial services sector led in terms of volume traded with 887.545 million shares worth N8.360 billion that were traded in 10,161 transactions and contributed 66.79 percent and 60 percent to the total equity turnover volume and value, respectively.
This was followed by the conglomerates industry with 155.956 million shares valued at N187.728 million but exchanged in 828 deals.
Consumer Goods Industry came third with a total turnover of 141,099 million shares worth N2.229 billion traded in 3,403 deals.
Guaranty Trust Bank Plc, Transnational Corporation of Nigeria Plc and Zenith Bank Plc led top equities traded during the with a combined 419.455 million shares valued at N6.079 billion in 3,856 transactions and contributed 31.60 percent and 43.63 percent to the total equity turnover.
Investors traded 175,326,302 shares worth N1,425,491,034 in 4,294 deals on Monday. On Tuesday, a total of 206,609,577 valued at N2,475,184,309 were exchanged in 3,925 deals.
Investors exchanged 204,878,098, 258,081,869 and 482,518,333 worth N3,830,335,680, N1,678,313,748 and N4,524,421,447 in 3,636, 3,640 and 3,897 deals on Wednesday, Thursday and Friday, respectively.
The market capitalisation of listed equities gained N83 billion from N13.063 trillion it closed last week to N13.146 trillion this week.
While NSE All-Share Index gained 0.63 percent or 157.95 basis points from 25,041.89 bps last week to 25,199.84 bps this week.
The Exchange has gained 2.05 percent this month and 2.94 percent in the quarter to reduce the year-to-date loss to 6.12 percent.
Stock Market Extends Bullish Run in December, Opens the Month With 0.30% Gain
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.
Insider Dealing: MD of Fidelity Bank Acquires 5 Million Shares of Fidelity
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.
Despite Opening in Red, The Nigerian Stock Exchange Closed in Green
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.
First Bank, GTBank, UBA, Others Generate N133.92 Billion from Electronic Payment in Nine Months
Viral Click Network to Revolutionize Digital Marketing for Blockchain Projects
Ghana/Kenya: Eurobonds to Decouple as Fiscal Challenges Come to Fore
Business2 months ago
Npower News on Permanency for Batch A, B
Business2 months ago
Buhari Budgets N420 Billion for Npower, Other Social Investment Programmes in 2021 Budget
Forex2 months ago
Naira Improves Against Global Counterparts on Black Market
Forex3 months ago
Zenith Bank Joins Other Banks to Cap International Spend Limit at $100/Month
Cryptocurrency3 months ago
Bitcoin Gains 1.67 Percent to $11,050 Per Coin Amid Liquidity Issue
Business3 months ago
FG to Absorb Exited N-power Beneficiaries into New Program
Business3 months ago
FG Approves Stipends for Exited N-Power Beneficiaries
Stock Market3 months ago
Zenith Bank Declares 30 Kobo Interim Dividend for H1 2020