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Nigerian Stock Exchange Gains Slightly Last Week

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Stock Investors Gained N12 Billion  Last Week

The Nigerian Stock Exchange managed to close in the green last week despite the series of negative economic reports released in August.

Investors exchanged a total of 950.414 million shares valued at N10.123 billion in 16,646 transactions last week, lower than the 1.327 billion shares worth N13.934 billion traded in 19,392 deals in the previous week.

The market capitalisation of listed equities expanded by 0.09 percent or N12 billion from N13.146 trillion it closed in the previous week to settle at N13.158 trillion.

While the NSE All-Share Index gained 0.09 percent or 22.03 basis points from 25,199.84 bps it closed in the previous week to settle at 25,221.87 bps.

The sectoral analysis showed the financial services sector led activity with 624.278 million shares worth N6.181 billion exchanged in 8,313 transactions. Therefore, the sector contributed 65.68 percent and 61.06 percent of the total equity turnover volume and value, respectively.

The consumer goods industry followed with 96.320 million shares valued at N2.199 billion but traded in 3,148 transactions. The conglomerates sector came third with a turnover of 89.376 million shares valued at N145.612 million shares in 757 deals.

In terms of volume traded, Zenith Bank Plc, Guaranty Trust Bank Plc and Transnational Corporation of Nigeria Plc led with a combined 298.901 million shares worth N4.761 billion in 3,056 deals. The three accounted for 31.45 percent and 47.03 percent of the total equity turnover volume and value, respectively.

The Exchange has gained 2.14 percent in August and 3.03 percent in the third quarter despite the high unemployment rate and escalating inflation rate. Indicating that local investors are still very much into one of the world’s most feared stock exchange. The bourse year-to-date return stood at -6.04 percent last week.

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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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