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Nigerian Stock Investors Gained N432 Billion in 4 Hours on Monday

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Nigerian Stock Exchange

Nigeria’s Stock Exchange Rose to 20-month High on Monday

Nigerian Stock Exchange (NSE) rose 2.65 percent in the early hours of Monday as local investors continue to dump money on Nigerian assets.

The market capitalisation of listed stocks gained N432 billion in the first hours of the trading day to hit N16.639 trillion from N16.207 trillion it closed on Friday. The highest in 20 months.

The NSE All-Index gained 2.65 percent or 827.96 basis points from 31,016.17 bps it settled on Friday to 31,844.13 bps in the early hours of Monday.

As of the time of writing, investors have traded 323.442 million shares valued at N5.106 billion in 3,766 transactions.

Dangote Cement’s impressive third-quarter results bolstered its attractiveness among local investors as it jumped 6.02 percent or N10.5 to N185 per share.

This was followed by MTN Nigeria 4.24 percent or 6.1 percent gain to settle at N150.1 a unit.

GTbank, Zenith Bank and Dangote Sugar followed with 4.78 percent or N1.6, 5.61 percent or N1.25 and 6.06 percent or N1 gains, respectively. See the details below.

Name Last High Low Chg. Chg. % Vol. Time  
  Northern Nigeria Flour Mills 6.05 0.00 0.00 +0.55 +10.00% 142.00K 10:54:00  
  Jaiz Bank 0.64 0.66 0.59 +0.04 +6.67% 2.02M 11:36:00  
  Airtel Africa 451.20 451.20 451.20 +0.00 +0.00% 0.23K 10:15:00  
  Linkassure 0.45 0.45 0.45 +0.00 +0.00% 414.00K 10:48:00  
  Livestock 1.16 1.16 1.16 +0.10 +9.43% 617.30K 11:18:00  
  Transcorp 0.930 0.930 0.930 +0.080 +9.41% 727.16K 11:15:00  
  Sterling Bank 2.000 2.000 1.770 +0.170 +9.34% 19.14M 11:37:00  
  Cutix 1.890 1.890 1.890 +0.160 +9.25% 9.81K 11:05:00  
  Nem 2.200 0.000 0.000 +0.150 +7.32% 0.37K 11:39:00  
  Firstcity Bnk 3.340 3.350 3.140 +0.250 +8.06% 5.23M 11:39:00  
  Julius Berger 18.40 0.00 0.00 +1.35 +7.92% 119.23K 11:39:00  
  Dangote Sugar 17.50 17.80 16.95 +1.00 +6.06% 17.01M 11:40:00  
  Okomu Oil Palm 86.00 0.00 0.00 +6.00 +7.50% 28.54K 11:31:00  
  Redstarex 3.48 0.00 0.00 +0.23 +7.08% 1.40K 11:39:00  
  United Capital 4.510 4.620 4.400 +0.300 +7.14% 6.63M 11:34:00  
  Mansard Ins 2.140 0.000 0.000 +0.140 +7.00% 3.53K 10:01:00  
  Nascon 15.00 0.00 0.00 +0.95 +6.76% 101.29K 11:37:00  
  Oando Plc 2.87 2.88 2.84 +0.18 +6.67% 913.63K 11:36:00  
  Fidelitybk 2.790 2.810 2.600 +0.170 +6.64% 9.52M 11:40:00  
  Dangote Cement 179.90 185.00 176.00 +10.50 +6.02% 1.98M 11:40:00  
  Cadbury Nig 8.90 0.00 0.00 +0.40 +4.71% 121.55K 11:38:00  
  Custodian Allied 5.85 5.85 5.85 +0.30 +5.41% 16.20K 10:58:00  
  Zenith Bank 23.60 23.95 22.95 +1.35 +6.05% 30.74M 11:40:00  
  University Pre 1.340 1.340 1.340 +0.060 +4.69% 0.07K 10:01:00  
  UBN 5.60 5.65 5.20 +0.25 +4.67% 3.22M 11:41:00  
  BUA Cement 41.75 45.00 41.75 -1.25 -2.91% 380.39K 11:38:00  
  Guaranty Trust Bank 35.00 36.30 33.25 +1.50 +4.48% 14.86M 11:40:00  
  Japauloil 0.24 0.23 0.23 +0.01 +4.35% 2.92M 11:23:00  
  MTN Nigeria 150.20 150.10 150.00 +6.10 +4.24% 7.33M 11:29:00  
  Mrs 12.90 0.00 0.00 +0.45 +3.61% 1.01K 11:37:00  
  Access Bank 8.50 8.80 8.50 +0.30 +3.66% 19.13M 11:41:00  
  Abctrans 0.32 0.32 0.32 +0.01 +3.23% 24.32K 11:12:00  
  Honyflour 1.000 1.020 1.020 +0.030 +3.03% 417.23K 11:40:00  
  Lafarge Africa 20.25 20.65 19.95 +0.60 +3.08% 5.11M 11:39:00  
  Glaxosmith 5.95 5.95 5.80 +0.15 +2.59% 5.80M 11:24:00  
  Neimeth 2.05 2.05 2.05 +0.05 +2.50% 10.69K 11:14:00  
  Npfmcrfbk 1.600 1.600 1.600 +0.050 +3.23% 328.99K 11:38:00  
  Flour Mills of Nigeria 27.50 27.65 27.60 +0.40 +1.47% 1.91M 11:28:00  
  International Breweries 6.55 6.55 6.55 +0.05 +0.77% 485.53K 11:40:00  
  FBN Holdings 6.95 7.20 6.80 +0.10 +1.46% 27.83M 11:40:00  
  Nahco 2.180 0.000 0.000 +0.030 +1.40% 131.44K 11:36:00  
  11 192.50 0.00 0.00 +2.50 +1.32% 5.39K 11:32:00  
  UBA 8.20 8.90 8.00 +0.05 +0.61% 25.91M 11:39:00  
  Uac-Prop 0.83 0.00 0.00 +0.01 +1.22% 0.56K 10:01:00  
  Forte Oil Plc 12.70 12.80 12.50 +0.15 +1.19% 776.61K 11:38:00  
  Aiico 0.93 0.94 0.93 +0.01 +1.09% 681.90K 11:20:00  
  UAC Of Nigeria 8.15 8.15 8.00 +0.20 +2.52% 1.22M 11:40:00  
  Guiness Nigeria 18.20 0.00 0.00 +0.70 +4.00% 790.41K 11:40:00  
  Maybaker 3.210 0.000 0.000 +0.010 +0.31% 109.45K 11:13:00  

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.

Stock Market

Stock Market Opens in The Red on Monday as Dangote Sugar, Zenith Bank, Others Led Losers

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Nigerian Stock Exchange

Nigerian stock market opened the week in the red following consecutive weeks of strong performance.

In the early hours of the day, investors traded 121.196 million shares valued at N985.177 million in 2,572 transactions.

The Nigerian Stock Exchange market capitalisation dipped by N51 billion from N18.288 trillion to N18.177 trillion. While the NSE All-Share Index declined by 0.29 percent to 34,784.54 index points.

N Nigeria Flour Mills Plc led losers with a 10 percent decline. Followed by Neimeth, Dangote Sugar, Zenith Bank and Guaranty Trust Bank with 9.63 percent, 3 percent, 1.23 percent and 0.86 percent, respectively. See the details below.

Top Trades

Symbols Volume Value
TRANSCORP 19,644,249 N19,905,215.96
MBENEFIT 18,107,400 N3,918,776.00
ZENITHBANK 14,802,655 N356,221,166.85
MANSARD 10,056,283 N25,438,143.39
ACCESS 7,420,108 N63,444,003.35

Top Gainers

Symbols Last Close Current Change %Change
MANSARD N2.34 N2.49 0.15 6.41%
NEM N2.47 N2.55 0.08 3.24%
UPL N1.38 N1.41 0.03 2.17%
CUTIX N1.7 N1.73 0.03 1.76%
LIVESTOCK N1.3 N1.33 0.03 2.31%

Top Losers 

Symbols Last Close Current Change %Change
NNFM N7.7 N6.93 -0.77 -10.00%
DANGSUGAR N20 N19.4 -0.6 -3.00%
ZENITHBANK N24.45 N24.15 -0.3 -1.23%
GUARANTY N35 N34.7 -0.3 -0.86%
NEIMETH N2.7 N2.44 -0.26 -9.63%

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Nigerian Stock Exchange Leads Global Stocks, Year-to-date Gain Increased to 30% Last Week

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stock bull

Nigerian Stock Exchange sustained its bullish momentum last week as investors traded a total turnover of 1.816 billion shares valued at N25.791 billion in 31,665 deals.

This was below the 11.400 billion shares worth N35.892 billion transacted in 39,265 deals in the previous week. However, the Exchange managed to sustain its global lead as sentiment remained high despite the economic recession and a series of other uncertainties.

In terms of volume traded, the financial services industry led with 1.274 billion shares estimated at N14.710 billion that exchanged hands in 18,392 deals. Therefore, contributing 70.15 percent and 57.04 percent to the total equity turnover volume and value, respectively.

The conglomerates industry followed with 217.170 million shares valued at N231.809 million and exchanged in 1,226 deals. In third place was the consumer goods industry with a turnover of 113.760 million shares valued at N2.598 billion in 4,568 deals.

Zenith Bank Plc, Transnational Corporation of Nigeria Plc and Access Bank Plc led the most traded stocks in terms of volume. Together, the three accounted for 649.529 million shares valued at N8.104 billion in 6,395 deals and contributed 35.76 percent and 31.42 percent to the total equity turnover volume and value, respectively.

The market capitalisation of listed equities expanded by 2.19 percent to settle at N18.228 trillion while the NSE All-Share Index also gained 2.19 percent or 748.69 index points to 34,885.51 index points, up from 34,136.82 index points recorded in the previous week.

The bourse year to date return rose to 29.97 percent, the highest performer among Bloomberg tracked 93 global stocks. NSE Premium index led with 47.85 percent year-to-date gain while the NSE AFR Div Yield Index trailed with 47.82 percent gain. See the list of top gainers and losers for the week below.

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Stock Market

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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