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Stock Market Extends Bearish Trend as Nestle, Dangote Cement, Others Close in Red

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stock bear - Investors King

The Nigerian Stock Exchange had a bearish run on Tuesday as Nestle, Dangote Cement, Cadbury, International Breweries and others topped the losers’ table.

The All Share Index dropped by 1.53 percent or 531.25 index points to close at 34,242.83 index points from 34,774.08 index points it traded on Monday.

The market capitalization of listed equities shed 278 billion from 18.171 trillion it traded on Monday to close at 17.893 trillion on Tuesday.

At the end of trading hours of Tuesday, investors traded 9.360 million shares worth N12.021 billion in 8,712 deals. While Conoil, GTBank, Dangote Sugar, Glaxosmith, and BOCGAS led the gainers’ table.

UAC-PROP led the most traded equities with 8.519 million shares value at N5.964 billion. Jaiz Bank followed with 304 million shares estimated at N222.222 million.

See details below.

Top Trades

Symbols Volume Value
UAC-PROP 8,519,810,121 N5,964,022,431.82
JAIZBANK 304,731,042 N222,221,811.23
TRANSCORP 95,949,459 N97,925,643.07
FBNH 82,407,413 N613,819,764.30
UBA 52,836,901 N440,556,984.45

Top Gainers

Symbols Last Close Current Change %Change
CONOIL N19.05 N20.85 1.8 9.45%
GUARANTY N36 N37 1 2.78%
DANGSUGAR N20 N21 1 5.00%
GLAXOSMITH N6.8 N7.45 0.65 9.56%
BOCGAS N5.32 N5.85 0.53 9.96%

Top Losers

Symbols Last Close Current Change %Change
NESTLE N1450 N1400 -50 -3.45%
DANGCEM N200 N187.1 -12.9 -6.45%
NB N58 N54 -4 -6.90%
CADBURY N10.15 N9.15 -1 -9.85%
INTBREW N7 N6.54 -0.46 -6.57%

 

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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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