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Money! Money! Money!! Stock Investors Gain N641 Billion on Monday



stock 1

Since the Central Bank of Nigeria lowered borrowing cost by 100 basis points to 11.5 percent in the third quarter, the Nigerian Stock Exchange has been on steroids induced type of bullish run.

The Exchange has gained over 15 percent in the final quarter of 2020 alone despite the EndSARS protest that threatened to cripple the nation’s economy just a few months after COVID-19 lockdown.

Stock investors gained N432 billion in the very first 4 hours of Monday as the bourse appreciated by 2.65 percent. This continued until the closing hour.

The market capitalisation of listed equities rose by N641 billion from N16.207 trillion on Friday to N16.848 trillion on Monday.

While the NSE All-Share Index gained 3.96 percent or 1,226.88 basis points from 31,016.17 it closed on Friday to 32,243.05 bps on Monday.

During the trading hours of Monday, investors exchanged 636.010 million shares valued at N8.244 billion in 7,210 transactions. The highest in almost five years.

Dangote Cement led the gainers’ chart with N10.5 or 6.02 percent gain to settle at N185 per share.

MTN Nigeria, the second-most capitalised listed company after Dangote cement, followed with N6.1 or 4.24 percent appreciation to close at N150.1 a unit share. WAPCO, BUA Cement and GTBank added N1.95 or 10 percent, N1.9 or 4.42 percent and N1.75 or 5.22 percent to finished the day at N21.45, N44.9 and N35.25 per shares, respectively.

On the losers’ chart was Conoil Plc with N1.2 or 6.30 percent depreciation to N17.85 per share. NCR, PZ, Learn Africa and Afriprud declined by 0.2 kobo or 10 percent, 0.15 kobo or 3.13 percent, 0.1 kobo or 8.70 percent and 0.09 kobo or 1.45 percent declines to close at N1.8, N4.65, N1.05 and N6.11 per shares.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.

Stock Market

Insider Dealing: Flour Mills MD Invest N91.642 Million in Flour Mills



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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Stock Market

Insider Dealing: Fidelity Bank’s GM Purchases 1 Million Shares in the Bank



Fidelity Bank

The General Manager and Regional Bank Head, Fidelity Bank Plc, Mr. Kenneth Opara, has purchased 1 million shares of Fidelity Bank Plc.

The bank stated in a disclosure statement forwarded to the Nigerian Stock Exchange (NSE) on Friday.

Opara carried out the purchase in two different transactions on November 25, 2020 at the Nigerian Stock Exchange trading flour in Lagos, Nigeria.

The General Manager bought 6,000 shares at N2.78 per unit and another 994,000 at N2.79 per share. Bringing total purchase to 1 million shares at an average share price of N2.78. See the details below.

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Stock Market

Bank Stocks Top Charts Amid Strong Third Quarter Performance



Zenith Bank

Bank stocks top both gainers’ and top traded stocks’ charts on Tuesday as investors at the Nigerian Stock Exchange continues to increase their holdings of banks’ stocks amid strong third-quarter financial results.

Zenith Bank led the most traded stocks for a second consecutive day on Tuesday following a declaration of  N509 billion gross earnings and N177 billion profit after tax in the first nine months of the year.

Investors traded 71,933,841 shares of Zenith Bank valued at N1,730,151,404.20 during the trading hours of Tuesday.

Transcorp, the only non-bank stock on the top five trades, followed Zenith Bank with 37,172,526 shares worth N32,853,263.27.

Guaranty Trust Bank Plc, Access Bank and United Bank for Africa (UBA) exchanged 30,003,182 units, 29,549,235 units and 29,332,033 units estimated at N1,022,126,997.60, N243,311,726.70 and N236,303,261.20, respectively.

Investors exchanged a total of 365.414 million shares valued at N4.692 billion in 6,325 deals on Tuesday to return the bourse to the green zone after two days of consecutive declines.

The Nigerian Stock Exchange market capitalisation rose by N114 billion from N17.829 trillion it closed on Monday to N17.943 trillion on Tuesday. While the NSE All-Share Index gained 220.82 index points or 0.06 percent to 34,349.56 index points it settled on Tuesday, up from 34,119.74 index points on Monday.

Stanbic IBTC Bank led gainers with N2.8 or 7.08 percent gain to finish the day at N42.35 per share. See the details below.

Top Trades 

Symbols Volume Value
ZENITHBANK 71,933,841 N1,730,151,404.20
TRANSCORP 37,172,526 N32,853,263.27
GUARANTY 30,003,182 N1,022,126,997.60
ACCESS 29,549,235 N243,311,726.70
UBA 29,332,033 N236,303,261.20

Top Gainers

Symbols Last Close Current Change %Change
STANBIC N39.55 N42.35 2.8 7.08%
UBA N7.7 N8.2 0.5 6.49%
ACCESS N7.9 N8.35 0.45 5.70%
FBNH N6.7 N7.15 0.45 6.72%
UBN N5.5 N5.9 0.4 7.27%

Top Losers

Symbols Last Close Current Change %Change
JBERGER N19 N17.3 -1.7 -8.95%
FIDSON N5.4 N4.87 -0.53 -9.81%
GUINNESS N18 N17.5 -0.5 -2.78%
ETERNA N4.61 N4.15 -0.46 -9.98%
UACN N7.95 N7.65 -0.3 -3.77%

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