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Insider Dealings: Top Insider Trading by Executives in Recent Weeks




Latest Insider Trading by Top Executives in Recent Weeks

Here is a complete list of all the recent inside dealings by top executives on Nigeria’s listed companies. The total purchases, total amount and date of purchases.

United Capital Plc Insider Dealings

The United Capital Plc announced that Sunny Anene, the Group Executive Director of the company bought 356,820 shares from the company at N4.11 per share on October 30, 2020.

On November 2, Anene purchased another 558,754 units at N4.08 per share.

While, Emanuel Nnorom/VINE Foods Limited 2, a related company, acquired an additional 500,000 shares at N4.12 a piece on November 2, 2020.

Another related company, Peter Ashade/ARTOL INVESTMENT COMPANY LIMITED, purchased 1,780,000 units at N 4.08 per share.

The Initiates Plc Insider Dealings

DVCF Oil & Gas Plc, a substantial shareholder, sold 1,000,000 shares of The Initiates Plc at 0.57 a unit on September 9, 2020.

The company sold another 2,266,000 shares of The Initiates at 0.57 per unit on September 8, 2020.

It sold another 50 units at 0.57 apiece on October 26, 2020.

DVCF Oil & Gas Plc has been selling its stake in The Initiates Plc since the beginning of the year, there may be more to it given the mannerism and style of those sales.

VitaFoam Nigeria Plc Insider Dealings

Dr. B. O. Makanjuola, a non-executive director of Vitafoam Nigeria Plc, purchased 63,798 shares of Vitafoam at an aggregate price of N5.90 on September 23, 2020.

In the statement sent to the Nigerian Stock Exchange, the deal was done in two transactions. Makanjuola bought 25,000 units at N5.90 kobo and another 38,798 shares at N5.90 kobo on the same day.

On October 5 and 6, Makanjuola acquired 83,544 shares of vitaform in six transactions at an aggregate price of N5.90 kobo each.

Again, Makanjuola purchased 257 shares at N5.90 kobo each on October 7, 2020.

Caverton Insider Dealings

Molar Vessels Supplies Limited with three directors, Rotimi Makanjuola -MD Caverton Helicopters Limited, Lolade Abiola – Director Caverton Helicopters Limited and Yoyinsola Makanjuola -Wife of Chairman Caverton Offshore Support Group Plc sold 50,000,000 units at 1.80 per share and 19,000,000 units at N1.75 per unit. Bringing total sales to 69,000,000 ordinary shares at an average price of N1.78 per share on October 7, 2020.

First Bank Plc Insider Trading

Chief Risk Officer, First Bank Limited, Olusegun Alebiosu, purchased 1,360,514 shares of the bank on September 24, 2020.

In the disclosure statement released through the Nigerian Stock Exchange, the CRO carried out the deal in two transactions.

Alebiosu bought 42,979 shares at N5.15 per unit and another 1,137,535 shares at N4.95 each to bring total purchases to 1,360,514 shares or N6.871 million. See the details below.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.

Nigerian Stock Exchange

Stocks on Nigerian Exchange Limited Sustains Gain on Tuesday



Stock Bull - Investors King

Listed stocks on the Nigerian Exchange Limited gained N36 billion on Tuesday to sustain Monday’s positive momentum.

The bourse All-Share Index rose by 0.18 percent from 39,312.74 index points on Monday to close at 39,382.96 index points on Tuesday. While the market value of listed equities expanded by N36 billion to settle at N20.527 trillion, up from N20.491 trillion recorded on Monday.

Investors traded 296.596 million shares valued at N3.362 billion in 4,265 transactions during the trading hours of Tuesday.

Meyer led gainers with N0.05 or 9.62 percent gain to close at N0.57 per share. This was followed by Presco with N6.90 or 9.58 percent gain as shown below.

Stock Market Snapshot

ASI 39,382.96
DEALS 4,265.00
VOLUME 296,596,623.00
VALUE N 3,361,573,907.37
EQUITY CAP N 20,527,328,320,996.84
BOND CAP N 17,216,586,380,738.50
ETF CAP N 18,261,586,163.62

Top Gainers

Symbols Last Close Current Change %Change
MEYER N0.52 N0.57 0.05 9.62%
PRESCO N72.00 N78.90 6.90 9.58%
UAC-PROP N0.76 N0.83 0.07 9.21%
AFRIPRUD N6.00 N6.55 0.55 9.17%
UNITYBNK N0.55 N0.60 0.05 9.09%

Top Losers

Symbols Last Close Current Change %Change
REGALINS N0.34 N0.31 -0.03 -8.82%
HONYFLOUR N1.20 N1.13 -0.07 -5.83%
CUTIX N2.21 N2.10 -0.11 -4.98%
UCAP N6.00 N5.76 -0.24 -4.00%
WAPIC N0.53 N0.51 -0.02 -3.77%

Top Trades

Symbols Volume Value
ACCESS 58,558,705.00 N494,147,223.85
UACN 38,274,061.00 N394,222,603.70
FIDELITYBK 27,150,533.00 N62,355,969.20
ZENITHBANK 26,421,735.00 N609,738,886.60
TRANSCORP 15,626,067.00 N14,179,618.10

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Stock Market

Global Sell-off Should be a Reality Check for Investors: deVere CEO



Global Sell off - Investors King

Concerns about inflation that are rattling global stock markets on Tuesday should be used as a reality check for investors, says the CEO of one of the world’s largest financial advisory and fintech organizations.

The observation from Nigel Green, chief executive and founder of deVere Group comes as the pan-European Stoxx 600 index dropped 2.3%, with London’s FTSE 100 falling 2.4%.

Losses in Europe follow those in the Asia Pacific region. Hong Kong’s Hang Seng closed more than 2% lower and Japan’s Nikkei 225 ended the Tokyo trading session having shed more than 3%.

Meanwhile, U.S. futures are down across the board ahead of the opening bell in New York.

Mr Green says: “It is to be expected that there would be a jump in prices and supply shortages, in goods like chips and some commodities, as economies re-open and pent-up demand is unleashed by households, businesses and entire industries.

“We’re at a point of major readjustment following an unprecedented economic shock and this is fuelling concerns that rising inflation will trigger central banks to tighten monetary policy which will hit asset prices.

“It is this scenario that is rattling markets and triggering a global sell-off.”

He continues: “Tech shares are bearing the brunt of the sell-off, but this will also be used as an opportunity.

“With our daily lives becoming ever more digitalized – and at a staggering pace – tech will remain one of the mega-trends for investors for the foreseeable future.

“Savvy investors will be drawn to the massive growth that tech offers and this sell-off will used as a buying opportunity.  Nobody seriously believes the future isn’t online.”

Therefore, says Mr Green, investors would be wise to be “selective” about the sell-off.

“With some of the heat being taken out of the markets, with some stocks way too high, they are likely to – perhaps more judiciously than before – move to capitalize on this dip.”

The deVere CEO concludes: “Of course, I don’t have a crystal ball, but history shows that stock markets typically rise over the longer-term.

“Therefore, in the near future, I predict many investors will be seeking out the buying opportunities that exist.”

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Nigerian Stock Exchange

Investors Jump on Union Bank of Nigeria’s Shares Amid Acquisition Rumour



Union bank - Investors King

Shares of Union Bank of Nigeria Plc, a leading financial institution in Nigeria, rose by 50 kobo or 9.26 percent on Monday following reports that Atlas Mara Limited, a 49.7 percent owner in the bank has been talking to investors to sell its stake.

Investors King had reported that Bloomberg sources claimed Atlas Mara Limited, a London Stock Exchange-listed pan-African banking group started by Mr. Bob Diamond is in talks with Zenith Bank, Access Bank and other investors across Africa to sell its holding in the bank.

Since the report became public investors have been acquiring shares of Union Bank in case Zenith Bank or Access Bank, one of the leading banks in the country, acquire it. Even the bank’s CEO, Godson Chukwuemeka Okonkwo, purchased an additional 2,431,917 ordinary shares of the bank on Thursday, according to the bank’s latest disclosure filing.

Union Bank of Nigeria was the third-highest gainer on Monday.

The Nigerian Exchange Limited gained N59.4 billion on Monday to close at N20.491 trillion on Monday.

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