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Insider Dealings: Stanbic IBTC Discloses Insider Trading by Executives

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Stanbic IBTC Executives Buy Into the Company Last Week

Stanbic IBTC Holdings Plc has disclosed that two insiders of the bank purchased additional stakes last week.

In the disclosure statement signed by Chidi Okezie, the Company Secretary, Stanbic IBTC Holdings Plc, and released through the Nigerian Stock Exchange (NSE), the lender said Mr. Olu Delano, the Head, Clients Coverage, Stanbic Bank Plc, acquired 1,000,000 shares at N46 per unit on November 05, 2020.

Similarly, Dr. Demola Sogunle, the Chief Executive, Stanbic IBTC Holdings Plc, purchased 970,000 units of Stanbic Shares at N46 a unit on November 6, 2020.

The two transactions were carried out at the Nigerian Stock Exchange trading floor in Lagos, Nigeria.

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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Investors Dump N15 Billion on United Capital Series 3 Commercial Paper

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United Capital Plc has raised N15 billion through Series 3 Commercial Paper (CP) issued under a N20 billion programme registered with the FMDQ Securities Exchange.

The company announced this through a statement forwarded to the Nigerian Stock Exchange.

According to the statement, the Series 3 270-day issuance at a yield of 1.26 percent had 112 percent subscriptions from a pool of institutional investors, especially Asset Managers.

The statement reads in part, “this issuance sets another ground-breaking record in the Nigerian Capital Markets, being the lowest yield on record for a 270-day CP issuance by a nonbank issuer. FSDH Capital Limited, United Capital Plc, and UCML Capital Limited acted as Arrangers to the transaction.”

Speaking on the success of the commercial paper, Mr. Peter Ashade, the Chief Executive Officer, United Capital Plc, said “The commercial paper issuance is in line with our bid to diversify our funding sources, strengthen our capital base and intensify our strategic initiatives aimed at providing innovative financing solutions to our clients”.

“This issuance sets another ground-breaking record in the Nigerian Capital Markets, being the lowest yield on record for a 270-day CP issuance by a nonbank issuer. FSDH Capital Limited, United Capital Plc, and UCML Capital Limited acted as Arrangers to the transaction.”

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Guaranty Trust Bank, Flour Mills Led Losers as Stock Market Sheds 0.25%

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Guaranty Trust Bank led losers on Thursday despite investors exchanging 289.394 million shares valued at N7.348 billion in 4,877 deals.

The market capitalisation of listed equities depreciated to N18.277 trillion on Thursday while the NSE All-Share Index declined by 0.25 percent to 34,968.94 index points.

United Bank for Africa led the most traded stocks with 34,452,379 shares estimated at N283,444,025.15.

This was followed by Zenith Bank’s 31,201,182 shares valued at N743,575,194.70. MTN Nigeria, Access Bank and Mbenefit did 27,412,485, 22,957,947 and 22,490,334 worth N4,379,326,719.70, N196,038,901.15 and N5,063,096.82, respectively.

Guaranty Trust Bank led losers with a 50 kobo decline or 1.46 percent to close at N33.6 per share. See the details below.

Top Losers

Symbols Last Close Current Change %Change
GUARANTY N34.1 N33.6 -0.5 -1.47%
FLOURMILL N27 N26.5 -0.5 -1.85%
CADBURY N9.2 N8.7 -0.5 -5.43%
UBA N8.65 N8.2 -0.45 -5.20%
ZENITHBANK N24 N23.55 -0.45 -1.88%

Top Gainers

Symbols Last Close Current Change %Change
MTNN N155 N156.2 1.2 0.77%
ARDOVA N13 N14 1 7.69%
REDSTAREX N3.25 N3.38 0.13 4.00%
CUTIX N1.8 N1.9 0.1 5.56%
UPL N1.41 N1.47 0.06 4.26%

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Stock Market Extends Bullish Run in December, Opens the Month With 0.30% Gain

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Nigerian stock investors continued to dump more funds on Nigerian equities in December as the Nigerian Stock Exchange opened the month on a positive strong note.

The NSE All-Share Index gained 0.30 percent to settle at 35,147.62 index points while the market capitalisation rose by N56 billion from N18.309 trillion recorded on Monday to settle at N18.365 trillion on Tuesday.

Investors traded 308.181 million shares valued at N3.403 billion in 35,147.62 index points during the trading hours of Tuesday.

Access Bank led the most traded stock 43,368,357 shares worth N376,476,921.75. While First Bank followed with 31,934,748 shares valued at N229,789,381.55. See the details below.

Top Trades

Symbols Volume Value
ACCESS 43,368,357 N376,476,921.75
FBNH 31,934,748 N229,789,381.55
MBENEFIT 24,434,500 N5,155,841.00
UBA 24,092,641 N200,213,240.15
GUARANTY 24,056,718 N859,153,111.15

Top Gainers

Symbols Last Close Current Change %Change
GUARANTY N33.2 N35 1.8 5.42%
SEPLAT N400.7 N402.3 1.6 0.40%
ZENITHBANK N24 N24.4 0.4 1.67%
CAVERTON N1.72 N1.89 0.17 9.88%
CUTIX N1.53 N1.68 0.15 9.80%

Top Losers

Symbols Last Close Current Change %Change
GUINNESS N18.9 N18.35 -0.55 -2.91%
FLOURMILL N27.85 N27.6 -0.25 -0.90%
MTNN N155.2 N155 -0.2 -0.13%
FCMB N3.33 N3.21 -0.12 -3.60%
UBA N8.3 N8.2 -0.1 -1.20%

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