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Market Data Critical to Navigating Capital Market – Says Experts

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Oscar Onyema

Market experts at the just concluded 5th Market Data Workshop 2020 organised by the Nigerian Stock Exchange and InfoWARE Limited have highlighted market data as a fundamental tool for making sound financial decisions.

At the event titled “Handling Shocks in the Capital Market: A Quantitative Risk Management Approach Using Market Data,” experts said Nigeria, like other nations, need effective data to approach the financial market the right way.

Speaking at the event, Mr. Oscar N. Onyema, OON, the Chief Executive Officer, NSE, said “In Nigeria, the equities market recorded negative performance in the first quarter of the year, with the NSE All Share Index (“ASI”) posting a quarterly return of -20.65 percent in Q1’2020. However, the market saw an upswing since April 2020, and has so far gained +31.67% as at 12 November. This feat – particularly during the COVID-19 pandemic – can be attributed to smart investors bargain hunting and the release of positive year-end financial results of several listed companies, coupled with improved dividend declarations. It demonstrates the opportunities that abound in the market for discerning investors, even in a time of crisis, and underscores the importance of quality market data for investment decision-making.”

In her presentation, Ms. Anita Gopaldas, Market Data Officer, Market Services, NSE, highlighted The Exchange’s wide range of market data products and solutions across all asset classes. Some of these services include the NSE API which ensures the dissemination of real-time data to stakeholders; FIX Order Management System which allows trade information to be transmitted from anywhere to The Exchange; and the recently upgraded X-DataPortal, which serves as a consolidated, streamlined platform for market participants to access quality and timely data at an affordable rate.

Other speakers at the event were Felix Egbon, Group Head, Risk Management, Zenith Bank Plc; Tapa Das, Chief Executive Officer (CEO), NG Clearing Limited; Oladipupo Oyefuga, Head, Risk, Stanbic IBTC Bank; and Dr. Olaoluwa Simon Yaya, Sub Dean, Faculty of Science, University of Ibadan. This panel session, which was moderated by Olufemi Balogun, Head, Market Services, NSE, highlighted the importance of building financial or investment models that can be tested with real-life situations. Panelists agreed that the unprecedented happenings of 2020 have proven that reliable real-time and historical data that can easily be understood is critical to building these models.

In addressing the topic, Adopting a Data-Driven Culture: The Key to Innovation, the second-panel session addressed changes in business operations occasioned by the COVID-19 pandemic and how the timeliness, accuracy, and availability of data has been critical in shaping how they interact with stakeholders. The panel session featured Uwa Agbonile, CEO and Chief Software Architect, Infoware Limited; Lilian Olubi, CEO, EFG-Hermes; Saheed Bashir, CEO, Meristem Stockbrokers Limited; Carl Larry, Principal Consultant, Oil Outlooks and Opinions LLC; and was moderated by Dr. Ogho Okiti, Managing Director, BusinessDay Media Limited.

 

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

Aliko Dangote, Tony Elumelu and Other Industry Leaders To Speak At The launch of NGX’s The Stock Africa Is Made Of Campaign

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NGX NSE- Investorsking

The campaign will be launched at a virtual event scheduled to hold on Tuesday, May 18.
Industry leaders, including Aliko Dangote and Tony Elumelu, are to speak at the launch of the Nigerian Exchange Group (NGX Group)’s The Stock Africa Is Made Of campaign on Tuesday, May 18, 2021.

NGX Group is set to launch The Stock Africa Is Made Of Campaign to project its positioning and commitment to the African financial markets as a leading capital market infrastructure provider, connecting Nigeria, Africa and the world.

The campaign will be launched at a virtual event scheduled to hold on Tuesday, May 18, 2021, with Dangote and Elumelu as speakers.

Other industry leaders expected to speak at the event include Otunba Abimbola Ogunbanjo, Group Chairman, NGX Group Plc; Zainab Ahmed, Honourable Minister of Finance, Budget and National Planning, Federal Republic of Nigeria; Lamido Yuguda, CFA, Director-General, Securities and Exchange Commission; Masai Ujiri, President, Toronto Raptors; Temi Popoola, CFA, Chief Executive Officer (CEO), NGX; and Tinuade Awe, CEO, NGX Regulation (NGX RegCo) Limited. The event will be moderated by veteran Master of Ceremonies, Ik Osakioduwa.

The Stock Africa Is Made Of comes on the back of the successful demutualisation of The Nigerian Stock Exchange which led to the emergence of NGX Group Plc and its three subsidiaries – Nigerian Exchange (NGX) Limited, NGX Regulation (NGX RegCo) Limited and NGX Real Estate (NGX RelCo) Limited.

The Stock Africa Is Made Of serves to amplify NGX Group’s new brand identity and spotlight the growth potential of the African continent.

“The Stock Africa Is Made Of is designed to reinforce the message that we are fully equipped and better positioned to champion the development of new and improved experiences for the benefit of domestic, regional and foreign stakeholders,” the Group Chief Executive Officer, NGX Group Plc, Oscar N. Onyema, OON said while commenting on the campaign.

“Built around the new corporate identity, the campaign emphasises the vibrancy and dynamism of NGX Group and its subsidiaries.

“It provides stakeholders with an immersive experience through creative messaging and opportunities for direct engagement with the brand.

“Our goal is not only to celebrate this pivotal point in our journey but to also show our stakeholders that we are ready and able to explore new frontiers in our quest to be the partner and platform of choice for meeting their business, financial and investment objectives.”

Nigerian music veteran 2baba and singer Chike will perform at the event.

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Nigerian Stock Exchange

Japaul Gold and Ventures Plc Drops 7 Percent Following Failure to File 2020, Q1 2021 Financial Statements

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Japaul gold and ventures plc - Investors King

Shares of Japaul Gold and Ventures Plc, a mining business and technology development company, fell by N0.04 or 6.78 percent on Friday to close at N0.59 a share after the management of the company announced it will not be filing the first quarter (Q1) 2021 unaudited financial statements due to the pending audited financial statements of 2020.

On Friday, investors transacted 8.362 million shares of Japaul Gold and Ventures, the highest since May 4, 2021 when 9.317 million shares exchanged hands.

The uncertainty surrounding the H&H Mines Limited deal announced in November 2020, the fundraising expected for the deal and the lack of clarity surrounding the company’s financial position continue to drag on its shares and general outlook.

Japaul Gold closed as the third loser on the Nigerian Exchange Limited on Friday. The bourse gained N52 billion to close at N20.579 trillion on Friday.

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Nigerian Stock Exchange

Eternal Plc, Regency Assurance Plc, Others Boost Nigerian Exchange Limited (NGX) on Friday

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stock bull - Investors King

Nigerian stocks extended their winning streak to three days as stocks of Eternal Plc, Regency Assurance Plc, NEM Insurance Plc and others closed in the green.

Investors traded 219.549 million shares valued at N2.918 billion in 4,107 deals during the trading hours of Friday.

The Exchange All-Share Index rose by 0.25 percent to 39,481.89 index points, up from 39,382.96 index points recorded on Tuesday before Ramadan break.

The market value of listed equities gained N52 billion from N20.527 trillion it settled on Tuesday to close the week at N20.579 trillion on Friday.

Zenith Bank led the most trade stock with 32,028,318.00 shares valued at N754,936,979.00, while Access Bank followed with 28,759,013.00 shares estimated at N243,792,645.45. See the details below.

Top Gainers

Symbols Last Close Current Change %Change
ETERNA N6.00 N6.60 0.60 10.00%
REGALINS N0.31 N0.34 0.03 9.68%
NEM N1.90 N2.08 0.18 9.47%
CHIPLC N0.45 N0.49 0.04 8.89%
ABCTRANS N0.34 N0.37 0.03 8.82%

Top Losers

Symbols Last Close Current Change %Change
ACADEMY N0.40 N0.36 -0.04 -10.00%
LINKASSURE N0.75 N0.69 -0.06 -8.00%
JAPAULGOLD N0.59 N0.55 -0.04 -6.78%
MBENEFIT N0.42 N0.40 -0.02 -4.76%
COURTVILLE N0.21 N0.20 -0.01 -4.76%

Top Trades

Symbols Volume Value
ZENITHBANK 32,028,318.00 N754,936,979.00
ACCESS 28,759,013.00 N243,792,645.45
FIDELITYBK 19,673,037.00 N46,296,242.69
FBNH 18,461,104.00 N131,407,101.35
GUARANTY 11,193,843.00 N332,102,077.70

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