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Nigerian Stock Investors Gained N432 Billion in 4 Hours on Monday

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Nigerian Exchange Limited - Investors King

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.

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Dividends

Total Nigeria to Pay N1.358 Billion Interim Dividend in H1 2021

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Dividend - Investors King

Following a strong positive first half (H1) of the year results, Total Nigeria Plc has proposed to pay a total sum of N1.358 billion in interim dividend for the period ended June 30, 2021.

The amount represents an interim dividend of N4 per 50 kobo ordinary share, according to the statement signed by Bunmi Popoola-Mordi, Company Secretary, Total Nigeria Plc.

Dividends, subject to appropriate withholding tax and approval, will be paid to shareholders whose names appear in the Register of Members as at the close of business on the 13th of August, 2021.

On payment, the company said dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 13th of August, 2021, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.

The Register of Shareholders will be closed from Monday the 16th Day of August, 2021 to Friday the 20th Day of August, 2021.

However, shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation Form, also available on the company’s Registrars website: https://cardinalstoneregistrars.com/wpcontent/uploads/2017/11/EDMMS-Upload-Form.pdf complete and submit to the Registrar or their respective Banks.

Total Nigeria grew profit after tax by 1,601 percent from -N537.188 million posted in the first half of 2020 to N8.1 billion in the first half of 2021.

At the just concluded Annual General Meeting, Stanislas Mittelman, the chairman of Total Nigeria, said: “We are in an era of transformation, Total’s new ambition is to achieve net zero emissions by 2050 together with the society.”

This, he said, “is in consonance with the federal government of Nigeria’s national gas expansion programme. Going forward, the federal government has announced that compressed natural gas, liquefied petroleum gas and liquefied natural gas are expected to be the fuel of choice for many government-owned cars.”

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Nigerian Stock Exchange

Total, Dangote Cement, Oando Bolster Stock Market on Thursday

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Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited closed in the green on Thursday following renewed interest in the shares of Total, Cutix, Oando, Dangote Cement and others.

Investors transacted 203,110,772 shares worth N1.724 billion in 3,969 deals during the trading hours of Thursday.

Market capitalisation of listed stocks improved to N20.104 trillion while the Nigerian Exchange Limited (NGX) All-Share Index rose by 1.67 percent to 38,585.52 index points.

Total led gainers with N16.80 or 10 percent to settle at N184.80 after posting a 1601 percent jump in profit after tax for the first half of 2021. Cutix and Oando trailed Total with 9.77 percent and 9.73 percent, respectively. See the details below.

Top Gainers 

Symbols Last Close Current Change %Change
TOTAL N 168.00 N 184.80 16.80 10.00 %
CUTIX N 3.99 N 4.38 0.39 9.77 %
OANDO N 3.29 N 3.61 0.32 9.73 %
DANGCEM N 230.00 N 248.00 18.00 7.83 %
COURTVILLE N 0.22 N 0.23 0.01 4.55 %

Top Loses

Symbols Last Close Current Change %Change
AIICO N 1.15 N 1.05 -0.10 -8.70 %
SOVRENINS N 0.31 N 0.29 -0.02 -6.45 %
VERITASKAP N 0.25 N 0.24 -0.01 -4.00 %
LIVESTOCK N 1.97 N 1.90 -0.07 -3.55 %
ARDOVA N 15.50 N 15.00 -0.50 -3.23 %

Top Trades

Symbols Volume Value
STERLNBANK 22486587.00 33803335.32
UCAP 16900746.00 115108129.76
FIDELITYBK 14062166.00 33687988.59
WEMABANK 13959610.00 12244069.82
GTCO 13300585.00 392121611.75

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Bonds

C&I Leasing Plc Lists N10 Billion Senior Secured Fixed Rate Bonds on Nigerian Exchange Limited (NGX)

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C&I Leasing - Investors King

C&I Leasing Plc has listed N10 billion 7 years 15.5 percent Senior Secured Fixed Rate Bonds due 2028 on the Nigerian Exchange Limited (NGX).

The bonds issued under the company’s N20 billion bond issuance programme has series number two (2) and 10,000,000 at N1,000 par value.

See the remaining details below.

Issuer – C & I Leasing Plc
Security Name – 15.5% CIL JUN 2028
Symbol Code – CIL2028S2
ISIN Code – NGCIL2028S16
Bond Description – 7 Year 15.5% Senior Secured Fixed Rate Bonds Due 2028
Program Amount – N20,000,000,000
Series Number – Two (2)
Volume – 10,000,000
Par value – N1,000
Series Amount – N10,000,000,000
Price – 100% at par
Coupon – 15.5%
Issue Date – 3 June 2021
Maturity Date – 3 June 2028
Tenor – 7 years
Coupon Commencement Date – Coupon shall accrue from the Issue date

Coupon Basis – Fixed rate
Book Building Opened – 21 April 2021
Book Building Closed – 17 May 2021
Stockbrokers  are Apel Asset Limited, Bestworth Assets & Trust Limited and Cordros Securities Limited.

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