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Nigerian Stock Exchange Closed Flat on Wednesday Despite Guinness, GTBank, Others Gaining

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stock - Investors King

Stock Market Unchanged on Wednesday

The Nigerian Stock Exchange closed flat on Wednesday after gaining about N5 billion on Tuesday.

Investors traded 218.425 million shares valued at N3.139 billion in 3,896 transactions during the trading hours of Wednesday. Suggesting that investors are holding back to assess the potential of the bourse to sustain the ongoing momentum above the current level.

The Exchange rose above N15.100 trillion last week for the first time in 5 years shortly after the central bank reduced the nation’s monetary policy rate by 100 basis points to stimulate growth. However, economic uncertainties surrounding the projected third-quarter recession and the ongoing youth protest has started impacting business sentiment.

The Nigerian Stock Exchange market capitalisation of listed equities remained unchanged at N14.815 trillion while the Nigerian Stock Exchange index remained flat at 28,344.33 basis points.

Zenith Bank led top traded stocks by volume with 53.046 million shares valued at N1.061 billion. Followed by UBA’s 33.461 million shares worth N223.402 million. See the details below.

Top Traded Nigerian Stocks Today

Symbols Volume Value
ZENITHBANK 53,046,483 N1,060,724,604.10
UBA 33,461,059 N223,401,880.95
GUARANTY 25,115,996 N753,177,434.50
FBNH 13,678,927 N84,528,747.15
WEMABANK 9,105,078 N4,960,739.58

Top Gainers Today

Symbols Last Close Current Change %Change
GUINNESS N15 N15.5 0.5 3.33%
GUARANTY N29.55 N30 0.45 1.52%
ETERNA N4.38 N4.81 0.43 9.82%
WAPCO N17 N17.35 0.35 2.06%
AFRIPRUD N5.39 N5.7 0.31 5.75%
Symbols Last Close Current Change %Change
STANBIC N44 N42.5 -1.5 -3.41%
ARDOVA N12.45 N12 -0.45 -3.61%
ETRANZACT N2.12 N1.91 -0.21 -9.91%
FCMB N2.35 N2.26 -0.09 -3.83%
CAVERTON N1.8 N1.75 -0.05 -2.78%

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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Bonds

Federal Government of Nigeria: Listing of the two (2) FGN Savings Bonds Issued in July 2021

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Trading Licence Holders are hereby notified that the July 2021 Issue of the Federal Government of Nigeria (FGN) Savings Bonds were listed on the Nigerian Exchange Limited on 26th July 2021.

Below are the details of the Bonds:

Bond - Investors King

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Dividends

Two Dividends Declare Last Week

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Cutix Plc and Custodian Investment are two listed companies that declared Dividends last week as listed below.

CUTIX PLC.

Proposed Dividend: ₦0.15
Proposed Bonus: 1 FOR 1
Qualification Date: 11/12/2021
AGM Date: 11/26/2021
Payment Date: 11/29/2021.

Closure of Register Date: 11/15/2021

CUSTODIAN INVESTMENT PLC.

Proposed Dividend: ₦0.10
Proposed Bonus: null FOR null
Qualification Date: 8/20/2021
AGM Date:
Payment Date: 9/1/2021
Closure of Register Date: 8/23/2021

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Nigerian Stock Exchange

Equities Investors Lose N63 Billion Last Week

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The Nigerian Exchange Limited (NGX) returned to bearish last week despite strong second-quarter reports from listed companies.

Investors traded total shares of 1.374 billion worth N11.823 billion in 22,982 transactions last week, against a total of 896.174 million shares valued at N5.235 billion that exchanged hands in 11,714 deals in the previous week.

In terms of volume traded, the financial services industry led the activity chart with 715.394 million shares valued at N4.745 billion traded in 10,274 deals. Therefore, contributing 52.06 percent and
40.13 percent to the total equity turnover volume and value, respectively.

The Conglomerates Industry followed with 212.340 million shares worth N517.613 million in 1,060 deals. The third place was Oil and Gas Industry, with a turnover of 153.440 million shares worth N1.597 billion in 3,076 deals.

Transnational Corporation Of Nigeria Plc, Oando Plc and Fidelity Bank Plc were the three most traded equities during the week. The three accounted for 378.863 million shares worth N995.477 million in 2,998 deals, therefore, they contributed a combined 27.57 percent and 8.42 percent to the total equity turnover volume and value, respectively

The NGX All-Share Index declined by 0.31 percent or 120.82 index points from 38,667.90 index points posted in the previous week to 38,547.08 index points last week.

Similarly, market capitalization depreciated by 0.31 percent or N63 billion to close at N20.084 trillion last week, down from N20.147 trillion.

All other indices finished lower with the exception of NGX Premium, NGX Consumer Goods, NGX Oil/Gas and NGX Sovereign Bond indices which appreciated by 0.02 percent, 0.06 percent, 3.84 percent and 1.97 percent respectively, while the NGX ASeM and NGX Growth Indices closed flat.

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