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Insider Dealings: Top Insider Trading by Executives in Recent Weeks

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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 Investing.com, with over a decade experience in the global financial markets.

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Insider Dealing: Flour Mills MD Invest N91.642 Million in Flour Mills

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flour mills posts 184% increase in PAT

Following the purchase of 1.95 million shares in Flour Mills of Nigeria a few days ago, the Group Managing Director, Paul Miyonmide Gbededo, has purchased another 1.34 million shares at N27.75k per share.

The company stated in a disclosure form released through the Nigerian Stock Exchange (NSE).

Mr. Gbededo bought an additional 1,336,028 shares valued at N37,074,777 on November 19, 2020 at the Nigerian Stock Exchange (NSE) in Lagos. Meaning, Gbededo invested an additional N37,074,777 into Flour Mills in what could be said as a show of confidence in the company’s future.

This brings the Managing Director’s total purchase in November to 3,284,867 shares at a combined value of N91,642,269. See the details below.

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Insider Dealing: Fidelity Bank’s GM Purchases 1 Million Shares in the Bank

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Fidelity Bank

The General Manager and Regional Bank Head, Fidelity Bank Plc, Mr. Kenneth Opara, has purchased 1 million shares of Fidelity Bank Plc.

The bank stated in a disclosure statement forwarded to the Nigerian Stock Exchange (NSE) on Friday.

Opara carried out the purchase in two different transactions on November 25, 2020 at the Nigerian Stock Exchange trading flour in Lagos, Nigeria.

The General Manager bought 6,000 shares at N2.78 per unit and another 994,000 at N2.79 per share. Bringing total purchase to 1 million shares at an average share price of N2.78. See the details below.

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Bank Stocks Top Charts Amid Strong Third Quarter Performance

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Zenith Bank

Bank stocks top both gainers’ and top traded stocks’ charts on Tuesday as investors at the Nigerian Stock Exchange continues to increase their holdings of banks’ stocks amid strong third-quarter financial results.

Zenith Bank led the most traded stocks for a second consecutive day on Tuesday following a declaration of  N509 billion gross earnings and N177 billion profit after tax in the first nine months of the year.

Investors traded 71,933,841 shares of Zenith Bank valued at N1,730,151,404.20 during the trading hours of Tuesday.

Transcorp, the only non-bank stock on the top five trades, followed Zenith Bank with 37,172,526 shares worth N32,853,263.27.

Guaranty Trust Bank Plc, Access Bank and United Bank for Africa (UBA) exchanged 30,003,182 units, 29,549,235 units and 29,332,033 units estimated at N1,022,126,997.60, N243,311,726.70 and N236,303,261.20, respectively.

Investors exchanged a total of 365.414 million shares valued at N4.692 billion in 6,325 deals on Tuesday to return the bourse to the green zone after two days of consecutive declines.

The Nigerian Stock Exchange market capitalisation rose by N114 billion from N17.829 trillion it closed on Monday to N17.943 trillion on Tuesday. While the NSE All-Share Index gained 220.82 index points or 0.06 percent to 34,349.56 index points it settled on Tuesday, up from 34,119.74 index points on Monday.

Stanbic IBTC Bank led gainers with N2.8 or 7.08 percent gain to finish the day at N42.35 per share. See the details below.

Top Trades 

Symbols Volume Value
ZENITHBANK 71,933,841 N1,730,151,404.20
TRANSCORP 37,172,526 N32,853,263.27
GUARANTY 30,003,182 N1,022,126,997.60
ACCESS 29,549,235 N243,311,726.70
UBA 29,332,033 N236,303,261.20

Top Gainers

Symbols Last Close Current Change %Change
STANBIC N39.55 N42.35 2.8 7.08%
UBA N7.7 N8.2 0.5 6.49%
ACCESS N7.9 N8.35 0.45 5.70%
FBNH N6.7 N7.15 0.45 6.72%
UBN N5.5 N5.9 0.4 7.27%

Top Losers

Symbols Last Close Current Change %Change
JBERGER N19 N17.3 -1.7 -8.95%
FIDSON N5.4 N4.87 -0.53 -9.81%
GUINNESS N18 N17.5 -0.5 -2.78%
ETERNA N4.61 N4.15 -0.46 -9.98%
UACN N7.95 N7.65 -0.3 -3.77%

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