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Investors Gain N32 Billion on Tuesday as BUA, Julius Berger, Others Close Positive

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BUA Cement, Julius Berger, Flour Mills, Others Aid Stock Market on Tuesday

Investors at the Nigerian Stock Exchange (NSE) traded 251.339 million shares valued at N1.168 billion in 3,713 transactions during the trading hours of Tuesday.

The market capitalisation of listed equities expanded by N32 billion to N13.194 trillion on Tuesday, up from N13.162 trillion it closed on Monday.

While the NSE All-Share Index gained 0.25 percent from 25,229.12 basis points on Monday to settle at 25,291.73 bps.

In terms of volume traded, Transcorp led with 94.882 million shares worth N52.277 million. This was followed by UBA’s 33.171 million shares valued at N216.454 million. See the details below.

Top Trades

Symbols Volume Value
TRANSCORP 94,882,104 N52,277,886.89
UBA 33,170,930 N216,454,003.90
WEMABANK 14,551,015 N7,428,481.38
ZENITHBANK 10,434,455 N176,447,280.95
STERLNBANK 9,632,791 N11,287,996.99

Top Gainers

Symbols Last Close Current Change %Change
BUACEMENT N38.9 N40 1.1 2.83%
JBERGER N16.5 N17 0.5 3.03%
FLOURMILL N18.5 N18.7 0.2 1.08%
WAPCO N11.5 N11.7 0.2 1.74%
NEM N1.87 N2.05 0.18 9.63%

Top Losers

Symbols Last Close Current Change %Change
BETAGLAS N61.55 N55.4 -6.15 -9.99%
CILEASING N4.4 N4 -0.4 -9.09%
VITAFOAM N5.45 N5.15 -0.3 -5.50%
MAYBAKER N3.03 N2.73 -0.3 -9.90%
GUARANTY N25.2 N25 -0.2 -0.79%

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

Bank Stocks Top Charts Amid Strong Third Quarter Performance

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Zenith Bank

Bank stocks top both gainers’ and top traded stocks’ charts on Tuesday as investors at the Nigerian Stock Exchange continues to increase their holdings of banks’ stocks amid strong third-quarter financial results.

Zenith Bank led the most traded stocks for a second consecutive day on Tuesday following a declaration of  N509 billion gross earnings and N177 billion profit after tax in the first nine months of the year.

Investors traded 71,933,841 shares of Zenith Bank valued at N1,730,151,404.20 during the trading hours of Tuesday.

Transcorp, the only non-bank stock on the top five trades, followed Zenith Bank with 37,172,526 shares worth N32,853,263.27.

Guaranty Trust Bank Plc, Access Bank and United Bank for Africa (UBA) exchanged 30,003,182 units, 29,549,235 units and 29,332,033 units estimated at N1,022,126,997.60, N243,311,726.70 and N236,303,261.20, respectively.

Investors exchanged a total of 365.414 million shares valued at N4.692 billion in 6,325 deals on Tuesday to return the bourse to the green zone after two days of consecutive declines.

The Nigerian Stock Exchange market capitalisation rose by N114 billion from N17.829 trillion it closed on Monday to N17.943 trillion on Tuesday. While the NSE All-Share Index gained 220.82 index points or 0.06 percent to 34,349.56 index points it settled on Tuesday, up from 34,119.74 index points on Monday.

Stanbic IBTC Bank led gainers with N2.8 or 7.08 percent gain to finish the day at N42.35 per share. See the details below.

Top Trades 

Symbols Volume Value
ZENITHBANK 71,933,841 N1,730,151,404.20
TRANSCORP 37,172,526 N32,853,263.27
GUARANTY 30,003,182 N1,022,126,997.60
ACCESS 29,549,235 N243,311,726.70
UBA 29,332,033 N236,303,261.20

Top Gainers

Symbols Last Close Current Change %Change
STANBIC N39.55 N42.35 2.8 7.08%
UBA N7.7 N8.2 0.5 6.49%
ACCESS N7.9 N8.35 0.45 5.70%
FBNH N6.7 N7.15 0.45 6.72%
UBN N5.5 N5.9 0.4 7.27%

Top Losers

Symbols Last Close Current Change %Change
JBERGER N19 N17.3 -1.7 -8.95%
FIDSON N5.4 N4.87 -0.53 -9.81%
GUINNESS N18 N17.5 -0.5 -2.78%
ETERNA N4.61 N4.15 -0.46 -9.98%
UACN N7.95 N7.65 -0.3 -3.77%

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Insider Dealing: Paul Miyonmide Gbededo, MD Flour Mills, Purchased 1.95 Million Shares in Flour Mills

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flour mills posts 184% increase in PAT

In a disclosure statement filed with the Nigerian Stock Exchange, the management of Flour Mills of Nigeria Plc said Paul Miyonmide Gbededo, the Group Managing Director, purchased 1,949,839 shares in the company.

In a statement signed by Umolu Joseph, the Company Secretary and Director, Flour Mills of Nigeria, Gbededo bought the 1,948,839 shares at N28 per unit on November 17, 2020.

The Managing Director invested N54,567,492 in Flour Mills of Nigeria Plc in a move that suggested confidence in the future of the company.

The disclosure is in line with the Nigerian Security and Exchange Commission’s new policy on insider dealings. See the transaction details below.

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Insider Dealing: Chide Agbapu Buys 1 Million Shares in Fidelity Bank

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fidelity-bank

The management of Fidelity Bank on Friday said Mr. Chidi Agbapu, a non-executive director, bought 1,000,000 shares of Fidelity Bank Plc.

In line with the Nigerian Stock Exchange (NSE) disclosure policy, the lender said Agbapu purchased the shares in two different transactions on November 9, 2020.

According to a statement signed by Ezinwa Unuigboje, Company Secretary, Fidelity Bank, the shares were purchase in two deals of 500,000 units each at N2.75 per share. See the details below.

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