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Nigerian Stock Exchange Opens the Week Positive as Investors Gain N42 Billion

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Stock Investors Gained N42 Billion as Market Capitalisation Rose Above N15 Trillion

The Nigerian Stock Exchange opened the week strong as investors on the bourse gained N42 billion on Monday despite the curfews and looting that trailed the #EndSARS protest.

Investors traded a total of 340.8 million shares valued at N5.6 billion in 4,235 transactions on Monday, against the 238 million shares worth N4.4 billion that exchanged hands in 2,942 transactions on Friday.

The strong buying pressure bolstered the Nigerian Stock Exchange market capitalisation by N42 billion from N15.000 trillion it closed on Friday to settle at N15.042 trillion on Monday.

GTbank led in terms of the most traded stocks by volume with 56.8 million shares valued at N1.7 billion. Zenith Bank came second with 47.8 million shares worth N1 billion.

Wapic Insurance, FBN Holdings and UBA recorded 40.1 million shares, 26.1 million shares and 21.8 million shares valued at N14.8 million, N160.1 million and N155.4 million, respectively.

On highest gainers, Flour Mills led with a profit of N1.20 to close at N24.20 per share. This was followed by Dangote Cement, which appreciated by N1 to close the day at N152 per share.

Custodian Investment came third with a gain of 50 kobo to end the day at N5.50 per unit. Ecobank and GlaxoSmithKline came fourth and fifth with 35 kobo profit and 25 kobo profit to settle at N4.90 per share and N5.65 per share, respectively.

On the losers’ top chart was NASCON that depreciated by N1.20 to finished at N13.10 per unit. While the International Breweries lost 29 kobo to close the day at N6.01 per share.

Dangote Sugar declined by 10 kobo to sell at N13.70 per share; Morison Industries dropped 6 kobo to 54 kobo a unit share and NAHCO dipped by 5 kobo to N2.05 per share.

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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Dividends

Total Nigeria to Pay N1.358 Billion Interim Dividend in H1 2021

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Dividend - Investors King

Following a strong positive first half (H1) of the year results, Total Nigeria Plc has proposed to pay a total sum of N1.358 billion in interim dividend for the period ended June 30, 2021.

The amount represents an interim dividend of N4 per 50 kobo ordinary share, according to the statement signed by Bunmi Popoola-Mordi, Company Secretary, Total Nigeria Plc.

Dividends, subject to appropriate withholding tax and approval, will be paid to shareholders whose names appear in the Register of Members as at the close of business on the 13th of August, 2021.

On payment, the company said dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 13th of August, 2021, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.

The Register of Shareholders will be closed from Monday the 16th Day of August, 2021 to Friday the 20th Day of August, 2021.

However, shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, also available on the company’s Registrars website: https://cardinalstoneregistrars.com/wpcontent/uploads/2017/11/EDMMS-Upload-Form.pdf complete and submit to the Registrar or their respective Banks.

Total Nigeria grew profit after tax by 1,601 percent from -N537.188 million posted in the first half of 2020 to N8.1 billion in the first half of 2021.

At the just concluded Annual General Meeting, Stanislas Mittelman, the chairman of Total Nigeria, said: “We are in an era of transformation, Total’s new ambition is to achieve net zero emissions by 2050 together with the society.”

This, he said, “is in consonance with the federal government of Nigeria’s national gas expansion programme. Going forward, the federal government has announced that compressed natural gas, liquefied petroleum gas and liquefied natural gas are expected to be the fuel of choice for many government-owned cars.”

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Nigerian Stock Exchange

Total, Dangote Cement, Oando Bolster Stock Market on Thursday

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Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited closed in the green on Thursday following renewed interest in the shares of Total, Cutix, Oando, Dangote Cement and others.

Investors transacted 203,110,772 shares worth N1.724 billion in 3,969 deals during the trading hours of Thursday.

Market capitalisation of listed stocks improved to N20.104 trillion while the Nigerian Exchange Limited (NGX) All-Share Index rose by 1.67 percent to 38,585.52 index points.

Total led gainers with N16.80 or 10 percent to settle at N184.80 after posting a 1601 percent jump in profit after tax for the first half of 2021. Cutix and Oando trailed Total with 9.77 percent and 9.73 percent, respectively. See the details below.

Top Gainers 

Symbols Last Close Current Change %Change
TOTAL N 168.00 N 184.80 16.80 10.00 %
CUTIX N 3.99 N 4.38 0.39 9.77 %
OANDO N 3.29 N 3.61 0.32 9.73 %
DANGCEM N 230.00 N 248.00 18.00 7.83 %
COURTVILLE N 0.22 N 0.23 0.01 4.55 %

Top Loses

Symbols Last Close Current Change %Change
AIICO N 1.15 N 1.05 -0.10 -8.70 %
SOVRENINS N 0.31 N 0.29 -0.02 -6.45 %
VERITASKAP N 0.25 N 0.24 -0.01 -4.00 %
LIVESTOCK N 1.97 N 1.90 -0.07 -3.55 %
ARDOVA N 15.50 N 15.00 -0.50 -3.23 %

Top Trades

Symbols Volume Value
STERLNBANK 22486587.00 33803335.32
UCAP 16900746.00 115108129.76
FIDELITYBK 14062166.00 33687988.59
WEMABANK 13959610.00 12244069.82
GTCO 13300585.00 392121611.75

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Bonds

C&I Leasing Plc Lists N10 Billion Senior Secured Fixed Rate Bonds on Nigerian Exchange Limited (NGX)

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C&I Leasing - Investors King

C&I Leasing Plc has listed N10 billion 7 years 15.5 percent Senior Secured Fixed Rate Bonds due 2028 on the Nigerian Exchange Limited (NGX).

The bonds issued under the company’s N20 billion bond issuance programme has series number two (2) and 10,000,000 at N1,000 par value.

See the remaining details below.

Issuer – C & I Leasing Plc
Security Name – 15.5% CIL JUN 2028
Symbol Code – CIL2028S2
ISIN Code – NGCIL2028S16
Bond Description – 7 Year 15.5% Senior Secured Fixed Rate Bonds Due 2028
Program Amount – N20,000,000,000
Series Number – Two (2)
Volume – 10,000,000
Par value – N1,000
Series Amount – N10,000,000,000
Price – 100% at par
Coupon – 15.5%
Issue Date – 3 June 2021
Maturity Date – 3 June 2028
Tenor – 7 years
Coupon Commencement Date – Coupon shall accrue from the Issue date

Coupon Basis – Fixed rate
Book Building Opened – 21 April 2021
Book Building Closed – 17 May 2021
Stockbrokers  are Apel Asset Limited, Bestworth Assets & Trust Limited and Cordros Securities Limited.

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