Mrs Adedotun Ogunbiyi Sells Stake in Mutual Benefits
Mrs. Adedotun Ogunbiyi, the wife of a non-executive director of Mutual Benefits Assurance Plc, has sold another 6,110,000 million shares of Mutual Benefits Assurance Plc at 20 kobo each.
According to a statement signed by Jide Ibitayo, Company Secretary, Mutual Benefits Assurance Plc and published by the Nigerian Stock Exchange (NSE), Mrs. Ogunbiyi sold the shares on September 21, 2020 at the Nigerian Stock Exchange trading floor in Lagos but it was disclosed on the 5th of November.
This was in addition to the 26.182 million shares sold by Mrs. Ogunbiyi in September. As reported by Investors King in October, Adedotun Ogunbiyi “had sold 14,502,000 shares at 21 kobo on September 4 and 7, 2020. Ogunbiyi sells another 3.11 million shares at 20 kobo per unit in a transaction classified as a cross deal.”
The disclosure is in line with the Nigerian Stock Exchange’s new policy that all insider dealings must be disclosed to the public. See the details below.
Federal Government of Nigeria: Listing of the two (2) FGN Savings Bonds Issued in July 2021
Two Dividends Declare Last Week
Cutix Plc and Custodian Investment are two listed companies that declared Dividends last week as listed below.
Proposed Dividend: ₦0.15
Proposed Bonus: 1 FOR 1
Qualification Date: 11/12/2021
AGM Date: 11/26/2021
Payment Date: 11/29/2021.
Closure of Register Date: 11/15/2021
CUSTODIAN INVESTMENT PLC.
Proposed Dividend: ₦0.10
Proposed Bonus: null FOR null
Qualification Date: 8/20/2021
Payment Date: 9/1/2021
Closure of Register Date: 8/23/2021
Equities Investors Lose N63 Billion Last Week
The Nigerian Exchange Limited (NGX) returned to bearish last week despite strong second-quarter reports from listed companies.
Investors traded total shares of 1.374 billion worth N11.823 billion in 22,982 transactions last week, against a total of 896.174 million shares valued at N5.235 billion that exchanged hands in 11,714 deals in the previous week.
In terms of volume traded, the financial services industry led the activity chart with 715.394 million shares valued at N4.745 billion traded in 10,274 deals. Therefore, contributing 52.06 percent and
40.13 percent to the total equity turnover volume and value, respectively.
The Conglomerates Industry followed with 212.340 million shares worth N517.613 million in 1,060 deals. The third place was Oil and Gas Industry, with a turnover of 153.440 million shares worth N1.597 billion in 3,076 deals.
Transnational Corporation Of Nigeria Plc, Oando Plc and Fidelity Bank Plc were the three most traded equities during the week. The three accounted for 378.863 million shares worth N995.477 million in 2,998 deals, therefore, they contributed a combined 27.57 percent and 8.42 percent to the total equity turnover volume and value, respectively
The NGX All-Share Index declined by 0.31 percent or 120.82 index points from 38,667.90 index points posted in the previous week to 38,547.08 index points last week.
Similarly, market capitalization depreciated by 0.31 percent or N63 billion to close at N20.084 trillion last week, down from N20.147 trillion.
All other indices finished lower with the exception of NGX Premium, NGX Consumer Goods, NGX Oil/Gas and NGX Sovereign Bond indices which appreciated by 0.02 percent, 0.06 percent, 3.84 percent and 1.97 percent respectively, while the NGX ASeM and NGX Growth Indices closed flat.
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