Nigerian Stock Exchange Hit N15.147 Trillion Market Value as Flour Mill, Conoil, Guinness Led Gainers
Buying pressure continues to fuel stock appreciation in the Nigerian Stock Exchange despite the economic uncertainties expected to hurt the Exchange outlook and drag on the nation’s productivity.
The Nigerian Stock Exchange market capitalisation gained N106 billion to close at N15.148 trillion on Tuesday, up from N15.042 trillion it settled on Monday.
While the NSE All-Share Index expanded by 0.70 percent to finish the day at 28,980.29.
Investors traded a total share of 385.599 million worth N2.914 billion in 5,283 transactions during the trading hours Tuesday.
First Bank led the most traded stocks with 81.781 million shares valued at N505.527 million. This was followed by Access Bank’s 50.721 million shares estimated at N391.235 million.
Fidelity, ETI and UBA came third, fourth and fifth with 35.187 million shares, 24.146 million shares and 20.490 million shares valued at N75.105 million, N121.172 million and N147.116 million, respectively.
Flour Mill led the top gainers’ chart after reporting an impressive 68 percent profit after tax in the first half of 2020/21.
The leading integrated food business and agro-allied Group gained N2.3 or 9.50 percent to settle at N26.5 per unit. Conoil trailed with N1.55 or 9.81 percent to N17.35 a share.
Guinness, Cadbury and GTBank appreciated by 90 kobo or 5.63 percent, 70 kobo or 9.21 percent and 60 kobo or 1.96 percent to close the day at N16.9, N8.3 and N31.25, respectively. See the details below.
Total Nigeria to Pay N1.358 Billion Interim Dividend in H1 2021
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.”
Total, Dangote Cement, Oando Bolster Stock Market on Thursday
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.
|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 %|
|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 %|
C&I Leasing Plc Lists N10 Billion Senior Secured Fixed Rate Bonds on Nigerian Exchange Limited (NGX)
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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