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Guinness, Access Bank, Others Close in Red Despite NSE Gaining N10bn

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NSE Gains N10bn Despite Guinness, Access Bank, Others Closing in the Red

The Nigerian Stock Exchange (NSE) gained N10 billion on Monday to extend its bullish run above N13 trillion market value.

Investors traded 302 million shares valued at N2.628 billion in 3,854 transactions.

The market capitalisation of listed equities rose by N10 billion from N13.203 trillion posted on Friday to N13.213 trillion.

While the NSE All-Share Index gained 0.07 percent from 25,309.37 basis points recorded last week Friday to 25,327.13 basis points on Monday.

In terms of volume traded, UACN led with 74.425 million shares worth N425.225 million. Zenith Bank came second with 23.895 million shares valued at N400.400 million. See the details below.

Top Traded Stocks

Symbols Volume Value
UACN 74,424,772 N425,225,145.35
ZENITHBANK 23,895,804 N400,400,933.85
UBA 22,430,021 N141,150,910.00
FBNH 22,258,428 N109,922,761.10
ACCESS 18,019,101 N112,153,022.10

Top Gainers

Symbols Last Close Current Change %Change
MOBIL N175 N192.5 17.5 10.00%
DANGCEM N134.2 N134.9 0.7 0.52%
WAPCO N11.55 N11.95 0.4 3.46%
VITAFOAM N5.47 N5.71 0.24 4.39%
BUACEMENT N40 N40.1 0.1 0.25%

Top Losers

Symbols Last Close Current Change %Change
CILEASING N4 N3.6 -0.4 -10.00%
GUINNESS N14.15 N13.8 -0.35 -2.47%
ACCESS N6.4 N6.2 -0.2 -3.13%
REDSTAREX N3.85 N3.65 -0.2 -5.19%
UBN N5.4 N5.3 -0.1 -1.85%

 

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

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

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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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Nestle S.A. Gradually Taking Over Nestle Nigeria, Increases Stake Yet Again

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Nestle S.A. has once again increased stake in Nestle Nigeria in a move that scream absolute takeover or confidence in the future of Nestle Nigeria Plc.

In the latest statement forwarded to the Nigeria’s Stock Exchange, Nestle Nigeria Plc said Nestle S.A. purchased 102,690 shares of Nestle Nigeria Plc.

The shares were acquired at N1,400 per share on November 20, 2020 at Nigerian Stock Exchange (NSE) in Lagos, Nigeria.

This is Nestle S.A.’s second purchase this month following 229,697 shares of Nestle Nigeria Plc acquired on November 9th, 2020 in Lagos, Nigeria.

Nestle S.A. has invested more than N1 billion in Nestle Nigeria Plc this year alone, forcing investors to think a gradual takeover or change of leadership is around the corner.

 

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Zenith Bank Led Most Traded Stocks After Strong Third Quarter Financial Results

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Nigerian Stock Exchange

Investors traded 79.741 million Zenith Bank’s share valued at N1.913 billion on Monday following a strong positive third-quarter report released on Friday.

The leading financial institution posted N508.979 billion gross earnings in the nine months ended September 30, 2020. The highest among banks that have so far released their unaudited financial statements.

Investors traded 568.037 million shares worth N7.326 billion in 8,928 transactions during the trading hours of Monday.

The Nigerian Stock Exchange Market Capitalisation declined by N9 billion from N17.838 trillion to N17.829 trillion. While NSE All-Share Index depreciated by 0.04 percent to 34,121.78 index points.

Airtel Africa led top gainers with N25 or 5 percent to close at N525 per share. Nestle trailed Airtel with N25 or 1.82 percent to settle at N1400 per share.

Dangote Cement, BUA Cement and NEM followed with N6.6 or 3.42 percent; N2.55 or 4.77 percent and N0.02 or 0.78 percent to finish the day at N199.8 per share; N56 per share and N2.6 per share, respectively. See the details below.

Top Traded Stocks

Symbols Volume Value
ZENITHBANK 79,740,780 N1,912,937,383.60
FBNH 72,749,297 N499,576,761.15
ACCESS 65,741,063 N520,344,059.70
UBA 46,968,616 N360,036,464.00
GUARANTY 37,096,752 N1,266,010,624.80

Top Gainers 

Symbols Last Close Current Change %Change
AIRTELAFRI N500 N525 25 5.00%
NESTLE N1375 N1400 25 1.82%
DANGCEM N193.2 N199.8 6.6 3.42%
BUACEMENT N53.45 N56 2.55 4.77%
NEM N2.58 N2.6 0.02 0.78%

Top Losers 

Symbols Last Close Current Change %Change
STANBIC N43 N39.55 -3.45 -8.02%
WAPCO N24.5 N22.05 -2.45 -10.00%
FLOURMILL N27.75 N25.4 -2.35 -8.47%
GUINNESS N19.9 N18 -1.9 -9.55%
ARDOVA N15 N13.5 -1.5 -10.00%

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