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Stock Investors Lose N6 billion on Thursday but Stock Market Remains Bullish 

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Nigerian Stock Exchange

Stock Market Remains Bullish Despite Slight Decline on Thursday

The Nigerian Stock Exchange (NSE) maintained its bullish trend above the N16 trillion market value on Thursday despite a slight decline.

The NSE All-Share Index declined by 0.01 percent from 30,741.88 basis points it closed on Wednesday to 30,738.92 bps on Thursday while the market capitalisation of the Nigerian Stock Exchange dipped by N6 billion from N16.068 trillion recorded on Wednesday to N16.062 trillion.

Investors traded total shares of 430.121 million worth N6.619 billion in 4,319 transactions during the trading hours of Thursday, against the 286,446 million shares valued at N3.095 billion exchanged in 2,889 transactions on Wednesday.

First Bank led in terms of volume traded with 61,492,912 shares valued at N390,604,278. This was trailed by Bua Cement’s 50,275,230 shares worth N2,284,311,145.15.

Access Bank, Transcorp and Zenith Bank followed with 46,235,997, 38,542,495 and 35,991,832 shares valued at N373,696,787.95, N29,576,586.47 and N787,370,328.60, respectively.

Leading the top gainers’ chart was Afriprud with 9.35 percent. See the details below.

The Nigerian Stock Exchange remained bullish given the series of strong third-quarter reports and the positive support from the Central Bank of Nigeria’s monetary policy adjustment.

Also, the banks are yet to release their third-quarter report, strong financial reports from the banking sector could further boost the second gaining stock market in the world to almost N16.500 trillion.

Nigerian Stock Exchange Top Gainers for Thursday, November 4, 2020

Symbols Last Close Current Change %Change
AFRIPRUD N5.67 N6.2 0.53 9.35%
UNILEVER N13.7 N14.1 0.4 2.92%
GUARANTY N32.1 N32.3 0.2 0.62%
FBNH N6.3 N6.45 0.15 2.38%
LEARNAFRCA N1.05 N1.15 0.1 9.52%

Nigerian Stock Exchange Top Losers for Thursday, November 4, 2020

Symbols Last Close Current Change %Change
FLOURMILL N28.4 N27.6 -0.8 -2.82%
INTBREW N6.9 N6.5 -0.4 -5.80%
FIDSON N4.4 N4.1 -0.3 -6.82%
UBN N5.5 N5.3 -0.2 -3.64%
GLAXOSMITH N5.9 N5.8 -0.1 -1.69%

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

Seplat Declares US$2.5 cents Interim Dividend in Q3 2021

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Seplat Energy Plc - Investors King

Seplat Energy Plc on Thursday announced an interim dividend of US2.5 cents (United States Two and Half Cents) per ordinary share of N0.50k each for the quarter ended September 30, 2021 after reporting a healthy financial statement.

The dividend, subject to appropriate withholding tax, will be paid to shareholders whose names appear in the Register of Members as at the close of business on 15th November 2021.

To allow the company’s Registrar, Datamax Registrars Limited, prepare for the payment of the interim dividend, the Register of Shareholders will be closed on 16th November 2021.

Please note that on the London Stock Exchange: The Associated Record Date will be 15th November 2021 and the Ex-Dividend date will be 12th November 2021.

On currency options, shareholders holding their shares on the Nigerian Stock Exchange without a valid Nigerian Certificate for Capital Importation (“CCI”) will be paid their dividend in Naira as the default currency, while shareholders holding their shares on the Nigerian Stock Exchange with a valid CCI will be paid their dividend in US dollars as the default currency.

However, those shareholders may instead elect to receive their entire dividend payment in Naira (partial elections are not permissible). Evidence of the CCI must be provided to Datamax Registrars Limited. And shareholders holding their shares through depository interests on the London Stock Exchange will be paid their dividend in US dollars as the default currency. However, those shareholders may instead elect to receive their entire dividend payment in pounds sterling. Partial elections are not permissible.

Shareholders who have a dividend currency option, must make the election to the Company’s Registrars by 30th November 2021, otherwise the dividend will be paid in the default currency. The election form will be sent out to the relevant shareholders and can also be found on the Company website at Seplat Dividend information.

Those shareholders holding their shares on the Nigerian Exchange Limited who hold a valid CCI should notify SEPLAT’s Nigerian Registrars, DataMax Registrars Limited (“DataMax”), of that fact.

The exchange rate for the Naira or Pounds Sterling amounts payable will be determined by reference to the relevant exchange rates applicable to the US dollar on 12th November 2021 and will be communicated by the Company on 15
th November 2021.

On or around 9th December 2021, the interim dividend will be paid electronically to shareholders whose names appear on the Register of Members as at 15th November 2021, and who have completed the e-dividend registration and mandated the Registrar to pay their interim dividend directly into their Bank accounts.

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Nigerian Stock Exchange

Nigerian Stock Market Sheds N12 Billion Amid Profit Taking

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Stock - Investors King

Broad-based profit-taking dragged on the Nigerian Exchange Limited (NGX) on Wednesday even though businesses have started releasing their third-quarter earnings reports.

Trading activities dropped during the trading hours of Wednesday as investors transacted 284,601,047 shares worth N3.203 billion in 5,036 deals, against 353,233,206 shares estimated at N5.569 billion traded in 5,322 transactions on Tuesday.

NGX All-Share Index contracted by 0.06 percent to 41,789.59 index points, down from 41,814.94 index points it closed on Tuesday. Market value of listed equities dipped by N12 billion from N21.821 trillion on Tuesday to N21.809 trillion on Wednesday.

Living Trust led gainers with N0.07 or 9.59 percent to settle at N0.80 a share. Followed by the N0.09 or 9.57 percent increase recorded by AIICO after publishing its third-quarter report on Wednesday. University Press remained among top five gainers for the second consecutive week, posting N0.15 or 0.09 percent gain on Wednesday.

The battle for the control of FBN Holdings continues as it led the most trade equities again with a total traded shares of 75,458,656 shares valued at N898,012,945.70. See other details below.

Top Five Gainers

Symbols Last Close Current Change %Change
LIVINGTRUST N 0.73 N 0.80 0.07 9.59 %
AIICO N 0.94 N 1.03 0.09 9.57 %
UPL N 1.65 N 1.80 0.15 9.09 %
REDSTAREX N 3.20 N 3.40 0.20 6.25 %
TOTAL N 207.60 N 220.00 12.40 5.97 %

Top Five Losers

Symbols Last Close Current Change %Change
GLAXOSMITH N 7.00 N 6.30 -0.70 -10.00 %
TRANSCOHOT N 5.97 N 5.38 -0.59 -9.88 %
FBNH N 12.40 N 11.65 -0.75 -6.05 %
VERITASKAP N 0.23 N 0.22 -0.01 -4.35 %
AFRIPRUD N 6.35 N 6.10 -0.25 -3.94 %

Top Fiver Trades

Symbols Volume Value
FBNH 75458656.00 898012945.70
AIICO 18418170.00 17809728.91
ETI 17320235.00 137321766.75
TRANSCORP 15207489.00 15492407.42
FIDELITYBK 14029439.00 38524667.95

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Nigerian Stock Exchange

Stock Market Closes Flat on Tuesday as Activities Drop

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Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited (NGX) closed flat on Tuesday after posting a N27 billion gain on Monday.

Investors exchanged 353,233,206 shares estimated at N5.569 billion in 5,322 transactions during the trading hours of Tuesday, against 674,498,620 shares worth N7.591 billion that were traded in 5,432 deals on Monday.

The NGX All-Share Index closed flat at 41,814.94 index points on Tuesday. Similarly, the market value of all listed equities remained unchanged at N21.821 trillion.

FBN Holdings continue to lead the most traded stocks with 73062391 shares worth N906,754,975.05 on Tuesday. This was followed by GTCO Plc’s 25039191 shares valued at N715,262,785.80 following a healthy financial statement released for the third quarter ended September 30, 2021, on Tuesday. GTCO’s profit after tax rose by 4.11 percent to N49.986 billion.

Universal Insurance led gainers with N0.02 or 10 percent gain to close at N0.22 a share. University Plc emerged second with N0.15 or 10 percent increase to settle at N1.65 a unit. See other details below.

Top Five Trades

Symbols Last Close Current Change %Change
UNIVINSURE N 0.20 N 0.22 0.02 10.00 %
UPL N 1.50 N 1.65 0.15 10.00 %
COURTVILLE N 0.41 N 0.45 0.04 9.76 %
ABBEYBDS N 0.86 N 0.94 0.08 9.30 %
INTBREW N 4.85 N 5.30 0.45 9.28 %

Top Fiver Losers

Symbols Last Close Current Change %Change
ABCTRANS N 0.34 N 0.31 -0.03 -8.82 %
FTNCOCOA N 0.48 N 0.45 -0.03 -6.25 %
CUTIX N 6.40 N 6.05 -0.35 -5.47 %
NGXGROUP N 20.60 N 19.65 -0.95 -4.61 %
SOVRENINS N 0.24 N 0.23 -0.01 -4.17 %

Top Five Trades

Symbols Volume Value
FBNH 73062391.00 906754975.05
GTCO 25039191.00 715262785.80
UNIVINSURE 22770945.00 4919056.91
UBA 20331377.00 171208252.90
TRANSCORP 18437370.00 18864207.86

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