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Insider Dealings by Zenith Bank, United Capital, Other Listed Companies

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Nigerian Stock Exchange

Zenith Bank, Nigerian Breweries, Okomu Oil, Others Report Insider Stocks’ Dealings

Here is a list of all the announced insider dealings for this week.

Zenith announced that Dennis Olisa, an executive director of the bank, purchased 2 million shares in two transactions on September 15, 2020 at the Nigerian Stock Exchange in Lagos.

The lender said Olisa bought 1.5 million shares at N17.20 per share and another 500,000 units at N17.10 per share. Therefore, aggregate volume and price stood at 2,000,000 and N17.18, respectively.

Similarly, SOCFINAF S.A, a foreign substantial shareholder in Okomu Oil purchased 2,011,600 units in three transactions on 9th, 10th and 11th September 2020.

SOCFINAF S.A purchased 1,883,759 of Okomu shares at N77.98 per unit on September 9th. On September 10, it acquired another 13,540 units at N78 each while 114,301 shares were purchased at N74.76 each on September 11th. All transactions done at the Nigerian Stock Exchange in Lagos.

Emanuel Nnorom/VINE FOODS LIMITED 2 added to its holding in United Capital Plc on September 14, 2020. Emanuel Nnorom/VINE FOODS LIMITED 2, a related company to United Capital Plc, acquired 250,000 at N3.08 per share. Another insider, Florence Nnorom who is a relative to a non-executive director Emmanuel Nnorom, purchased 70,000 shares of United Capital Plc at N3.10 per share.

Insider dealings continue as Dr. Gilbert Obiajulu Uzodike, a substantial shareholder in Cutix Plc, increased its holding by 1,483,224 shares. The purchase was done in two transactions between 9th – 14th September 2020. Uzodike bought 499,222 and another 984,002 shares at N1.75 per share in Lagos, Nigeria.

Also, Mojisola Oluyemis Ayeni, the Chairperson, Nascon Allied Industries Plc, purchased ordinary shares of 200,000 in Nascon at NlO per share in September 2020.

Accordingly, Dr. Raymond Zoukpo, an independent director of Honeywell Flour Mills Plc, bought 204,541 shares in Honeywell Flour Mills Plc on September 3rd, 2020 in Lagos, Nigeria.

Nestle S.A increased its stake in Nestle Nigeria Plc by purchasing additional 229,697 shares at N1,249.65 per share on September 11, 2020.

A director of Mutual Benefits Assurance Plc, Ebube Ezeagwula, acquired 2.5 million shares at 20 kobo per unit on September 4, 2020 in Lagos, Nigeria.

Heineken Brouwerijen B.V, another foreign substantial shareholder in Nigerian Breweries Plc, purchased another 3,344,227 shares of Nigerian Breweries in three different transactions.

Heineken Brouwerijen B.V bought 3,265,000 shares at N40.95 a share, another 42,742 shares at N40.89 per share and 46,485 shares at N41.65 a unit.

Insider Dealings Sellers

Adedotun Ogunbiyi, a 5 percent holder in Mutual Benefits Assurance Plc sold 14,502,000 shares at 21 kobo on September 4 and 7, 2020. Ogunbiyi did another 3.11 million shares at 20 kobo per unit a transaction classified as cross deal.

Also, DVCF OIL & GAS PLC sold another 1 million shares of The Initiates Plc at 57 kobo each on September 7, 2020.

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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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

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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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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