Connect with us

Stock Market

Stock Investors Gain N45bn Last Week as FG Announces Reopening of AirSpace for International Flights

Published

on

Stock Investors

Stock Markets Gain N45bn as FG Announces Resumption of International Flights

Stock investors gained N45 billion last week following the federal government announcement that it will reopen the nation’s airspace for international flight operations on September 5th, 2020.

Investors traded 1.072 billion shares worth N7.384 billion in 16,684 transactions during the week, against a total of 950.414 million shares valued at N10.123 billion exchanged in 16,647 deals in the previous week.

In terms of volume traded, the financial sector led with 587.761 million shares worth N4.022 billion traded in 8,483 transactions. The sector contributed 54.76 percent and 54.47 percent to the total equity turnover volume and value, respectively.

The conglomerates sector came second with 307.744 million shares valued at N799.159 million in 1,010 deals. This was followed by the consumer goods sector with a turnover of 50.170 million shares worth N968.272 million exchanged in 3,018 transactions.

The top three most traded equities during the week were Transnational Corporation of Nigeria Plc, UACN Plc and United Bank for Africa Plc. The three accounted for a combined 396.337 million shares valued at N1.373 billion in 1,845 deals. The three accounted for 36.99 percent and 18.59 percent of the total equity turnover volume and value, respectively.

The market capitalisation of listed equities gained N45 billion or 0.35 percent to settle at N13.203 trillion, up from N13.158 trillion recorded a week ago.

While the NSE-All Share Index gained 0.35 percent or 87.50 basis points from 25,221.87 bps posted in the previous week to 25,309.37 bps last week.

On a quarterly basis, the Nigerian Stock Exchange has gained 3.39 percent in the third quarter so far, while it has recorded 2.49 percent appreciation in the month of August.

However, the year-to-date decline stood at -5.71 percent.

    Top Gainers

stock

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.

Nigerian Stock Exchange

Aliko Dangote, Tony Elumelu and Other Industry Leaders To Speak At The launch of NGX’s The Stock Africa Is Made Of Campaign

Published

on

NGX NSE- Investorsking

The campaign will be launched at a virtual event scheduled to hold on Tuesday, May 18.
Industry leaders, including Aliko Dangote and Tony Elumelu, are to speak at the launch of the Nigerian Exchange Group (NGX Group)’s The Stock Africa Is Made Of campaign on Tuesday, May 18, 2021.

NGX Group is set to launch The Stock Africa Is Made Of Campaign to project its positioning and commitment to the African financial markets as a leading capital market infrastructure provider, connecting Nigeria, Africa and the world.

The campaign will be launched at a virtual event scheduled to hold on Tuesday, May 18, 2021, with Dangote and Elumelu as speakers.

Other industry leaders expected to speak at the event include Otunba Abimbola Ogunbanjo, Group Chairman, NGX Group Plc; Zainab Ahmed, Honourable Minister of Finance, Budget and National Planning, Federal Republic of Nigeria; Lamido Yuguda, CFA, Director-General, Securities and Exchange Commission; Masai Ujiri, President, Toronto Raptors; Temi Popoola, CFA, Chief Executive Officer (CEO), NGX; and Tinuade Awe, CEO, NGX Regulation (NGX RegCo) Limited. The event will be moderated by veteran Master of Ceremonies, Ik Osakioduwa.

The Stock Africa Is Made Of comes on the back of the successful demutualisation of The Nigerian Stock Exchange which led to the emergence of NGX Group Plc and its three subsidiaries – Nigerian Exchange (NGX) Limited, NGX Regulation (NGX RegCo) Limited and NGX Real Estate (NGX RelCo) Limited.

The Stock Africa Is Made Of serves to amplify NGX Group’s new brand identity and spotlight the growth potential of the African continent.

“The Stock Africa Is Made Of is designed to reinforce the message that we are fully equipped and better positioned to champion the development of new and improved experiences for the benefit of domestic, regional and foreign stakeholders,” the Group Chief Executive Officer, NGX Group Plc, Oscar N. Onyema, OON said while commenting on the campaign.

“Built around the new corporate identity, the campaign emphasises the vibrancy and dynamism of NGX Group and its subsidiaries.

“It provides stakeholders with an immersive experience through creative messaging and opportunities for direct engagement with the brand.

“Our goal is not only to celebrate this pivotal point in our journey but to also show our stakeholders that we are ready and able to explore new frontiers in our quest to be the partner and platform of choice for meeting their business, financial and investment objectives.”

Nigerian music veteran 2baba and singer Chike will perform at the event.

Continue Reading

Nigerian Stock Exchange

Japaul Gold and Ventures Plc Drops 7 Percent Following Failure to File 2020, Q1 2021 Financial Statements

Published

on

Japaul gold and ventures plc - Investors King

Shares of Japaul Gold and Ventures Plc, a mining business and technology development company, fell by N0.04 or 6.78 percent on Friday to close at N0.59 a share after the management of the company announced it will not be filing the first quarter (Q1) 2021 unaudited financial statements due to the pending audited financial statements of 2020.

On Friday, investors transacted 8.362 million shares of Japaul Gold and Ventures, the highest since May 4, 2021 when 9.317 million shares exchanged hands.

The uncertainty surrounding the H&H Mines Limited deal announced in November 2020, the fundraising expected for the deal and the lack of clarity surrounding the company’s financial position continue to drag on its shares and general outlook.

Japaul Gold closed as the third loser on the Nigerian Exchange Limited on Friday. The bourse gained N52 billion to close at N20.579 trillion on Friday.

Continue Reading

Nigerian Stock Exchange

Eternal Plc, Regency Assurance Plc, Others Boost Nigerian Exchange Limited (NGX) on Friday

Published

on

stock bull - Investors King

Nigerian stocks extended their winning streak to three days as stocks of Eternal Plc, Regency Assurance Plc, NEM Insurance Plc and others closed in the green.

Investors traded 219.549 million shares valued at N2.918 billion in 4,107 deals during the trading hours of Friday.

The Exchange All-Share Index rose by 0.25 percent to 39,481.89 index points, up from 39,382.96 index points recorded on Tuesday before Ramadan break.

The market value of listed equities gained N52 billion from N20.527 trillion it settled on Tuesday to close the week at N20.579 trillion on Friday.

Zenith Bank led the most trade stock with 32,028,318.00 shares valued at N754,936,979.00, while Access Bank followed with 28,759,013.00 shares estimated at N243,792,645.45. See the details below.

Top Gainers

Symbols Last Close Current Change %Change
ETERNA N6.00 N6.60 0.60 10.00%
REGALINS N0.31 N0.34 0.03 9.68%
NEM N1.90 N2.08 0.18 9.47%
CHIPLC N0.45 N0.49 0.04 8.89%
ABCTRANS N0.34 N0.37 0.03 8.82%

Top Losers

Symbols Last Close Current Change %Change
ACADEMY N0.40 N0.36 -0.04 -10.00%
LINKASSURE N0.75 N0.69 -0.06 -8.00%
JAPAULGOLD N0.59 N0.55 -0.04 -6.78%
MBENEFIT N0.42 N0.40 -0.02 -4.76%
COURTVILLE N0.21 N0.20 -0.01 -4.76%

Top Trades

Symbols Volume Value
ZENITHBANK 32,028,318.00 N754,936,979.00
ACCESS 28,759,013.00 N243,792,645.45
FIDELITYBK 19,673,037.00 N46,296,242.69
FBNH 18,461,104.00 N131,407,101.35
GUARANTY 11,193,843.00 N332,102,077.70

Continue Reading

Trending