Connect with us

Stock Market

Nigerian Stock Investors Gained N432 Billion in 4 Hours on Monday

Published

on

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.

Nigerian Stock Exchange

Okey Nwuke, Access Bank Non-Executive Director, Purchases 1.3 Million Shares in the Bank

Published

on

Dr Okey Nwuke - Investors King

Dr. Okey Nwuke, a non-executive director in Access Bank, has purchased 1.3 million shares of Access Bank, according to the latest disclosure filing from the bank.

Nwuke bought 1.3 million shares at N7.45 a unit on May 5, 2021 at the Nigerian Stock Exchange (NSE).

Dr. Nwuke has over 28 years’ experience in finance and corporate governance working with top corporates and leading commercial banks in Nigeria. He is a Fellow of both the Institute of Chartered Accountants of Nigeria and Chartered Institute of Taxation of Nigeria, an honorary member of Chartered Institute of Bankers of Nigeria and a member of Business Recovery and Insolvency Practitioners.

He has garnered considerable expertise in credit analysis and bank financial management through professional training as a Chartered Accountant, from relevant training programmes as well as on the job training. He was an Executive Director in Access Bank from 2004 to 2013 and served as the Chairman of the Board of Directors of the Bank’s subsidiaries in Rwanda and Burundi. Dr. Nwuke was a pioneer Non-Executive Director of Stanbic IBTC Pension Managers Limited representing Access Bank.

Dr. Nwuke’s key competencies include finance, strategy development and execution, organizational restructuring and transformation, leadership and change management. He joined the Board of Coscharis Group in August 2014 and is currently responsible for the strategic drive to position it for sustainability. He currently chairs the Shareholders’ Audit Committee of NASCON Plc and sits on the Boards of Access Pension Fund Custodian Limited, First Ally Asset Management Limited, Claritus Limited and Simply Gifts and Interiors Limited.

He holds a B.Sc. Degree in Accountancy from University of Nigeria, Nsukka and an MBA (Distinction) in International Banking and Finance from the Birmingham Business School, United Kingdom. Dr. Nwuke holds a Doctorate Degree in Business Administration (DBA) from Walden University, Minnesota, USA with a research focus on leadership transition challenges in family businesses. He has been exposed to several leadership and professional development programmes at renowned institutions including Harvard Business School, Boston (AMP 175), Wharton Business School, Pennsylvania (both in U.S.A), INSEAD and IMD.

He joined the Board in November 2019 and currently chairs the Board Credit and Finance Committee. He is also the Vice-Chairman of the Board Technical Committee on Retail Expansion.

Continue Reading

Bonds

MTN Nigeria Completes Issuance of N110 Billion Series I Fixed Rate Bonds

Published

on

Karl O Toriola - Investorsking.com

MTN Nigeria Communications Plc (MTN Nigeria) has completed the issuance of N110,001,000,000 Series I 7-Year 13.0 percent Fixed Rate Bonds due 2028 (Series I Bond) under the N200,000,000,000 Bond Issuance Programme.

MTN Nigeria had initially indicated the intention to raise N100 billion in Series I of the registered Shelf Programme.

The Series I Bond is the largest corporate bond issuance in the debt capital markets thus far in 2021 and MTN Nigeria’s debut in the domestic bond market, the Company having established a strong presence in Commercial Paper issuances.

The Book Build process in respect of the transaction launched on 9 April 2021 and was completed on 16 April 2021. The transaction was well received with active participation from a wide range of high value and quality investors including pension funds, fund managers, banks, insurance companies, trustees, corporates, and high net worth individuals. The total value of orders received during the Book Build was N132,151,000,000, representing a 1.32 times oversubscription of the intended N100,000,000,000 issuance. The issue was launched at a clearing coupon of 13.0 percent with N110,001,000,000 in qualified bids.

The Series I Bond Issuance further reinforces MTN Nigeria’s strategy of diversifying its funding sources and reflects its market leadership and strong credit quality, as well as the resilience of the domestic debt capital market. The net proceeds will partly be used to refinance existing debt and support the rollout of critical network infrastructure.

Commenting on the bond issuance, Karl Toriola, Chief Executive Officer of MTN Nigeria, said “We are very proud of this landmark transaction, which is the first-ever telco bond issued in Nigeria and the largest corporate bond issuance this year. The domestic debt capital market has given us the opportunity to further diversify our funding sources and extend the maturity of our debt portfolio and profile to match investment in infrastructure. The strong support for this transaction, given the challenging environment, is a reflection of the depth of the market, and investor confidence in MTN Nigeria’s long-term strategy, our management team, and the overall telecoms industry”.

Chapel Hill Denham Advisory Limited acted as the Lead Issuing House while Stanbic IBTC Capital, DLM Advisory, FCMB Capital Markets, FBNQuest Merchant Bank, Rand Merchant Bank, and Vetiva Capital Management acted as Join Issuing Houses.

Continue Reading

Dividends

Seplat Announces Currency Exchange Rates for Proposed Final Dividend for 2020

Published

on

Naira Dollar Exchange Rate

Seplat Petroleum Development Company Plc, a leading Nigerian independent oil and gas company listed on both the Nigerian Exchange Limited and London Stock Exchange, today confirms that the following currency exchange rates will be applicable in the determination of the proposed final dividend for 2020 to any shareholder that qualifies for and has elected to receive the dividend payment in Naira or GBP:

Exchange Rate

1 USD = 410.24 Naira
1 USD = 0.7197 GBP

The exchange rate for the Naira or Pound Sterling amounts payable was determined by reference to the exchange rates applicable to the US dollar available on 30th April 2021.

The closing date for Dividend currency election to the Company’s Registrars is 18th May 2021. In the absence of a qualifying Dividend currency election by shareholders to the appropriate Registrar, dividends will be paid in their default currency. Shareholders should refer to the Company’s announcement on 1st March 2021 for definition of default currencies and dividend currency election forms can be found on the company website at https://seplatpetroleum.com/investors/dividend.

Continue Reading

Trending