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Dangote Cement Led The Bulls as Nigerian Stock Market Closed in the Green

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stock bull

The Nigerian Stock Exchange All-Share Index rose by 1.68 percent to close at 34,818.01 index points compared to 34,242.83 it closed on Tuesday.

The trading hours ended with a total volume of 661 million shares valued at N8.298 billion in 7,324 deals.

While the market capitalization grew by N300 billion to close at N18.193 trillion from N17.893 trillion it settled on Tuesday.

Dangote Cement, Nigeria Breweries, others led the bull to close the stock market in the green.

Despite the 1.68 percent gains on the stock exchange, Stanbic IBTc, Ardova, Unity Bank, others closed in the red.

Transcorp took the reins as the most traded stock, trading over 160 million shares valued at N172 million. This was followed by Guaranty Trust Bank with 70 million shares valued at N2.620 billion.

See details below.

Top Trades

Symbols Volume Value
TRANSCORP 160,581,039 N172,162,722.21
GUARANTY 70,682,345 N2,620,041,612.70
ZENITHBANK 57,303,612 N1,539,255,449.45
ACCESS 55,177,145 N491,877,136.50
FBNH 37,622,296 N295,921,833.05

Top Gainers

Symbols Last Close Current Change %Change
DANGCEM N187.1 N195 7.9 4.22%
NB N54 N58 4 7.41%
WAPCO N22 N24.1 2.1 9.55%
DANGSUGAR N21 N22.25 1.25 5.95%
ZENITHBANK N25.9 N26.7 0.8 3.09%

Top Losers

Symbols Last Close Current Change %Change
STANBIC N46 N44.85 -1.15 -2.50%
ARDOVA N16 N15 -1 -6.25%
UNITYBNK N0.86 N0.8 -0.06 -6.98%
CORNERST N0.58 N0.53 -0.05 -8.62%
TRANSCORP N1.1 N1.05 -0.05 -4.55%

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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Nigerian Stock Exchange

Folasope Babasola Aiyesimoju, Group Managing Director UACN, Dumps N231.750 Million on UACN Shares

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Folasope Babasola Aiyesimoju - Investors King

The Group Managing Director of UAC of Nigeria Plc (UACN), Folasope Babasola Aiyesimoju, invested N231.750 million in UACN Shares.

The management disclosed in a statement signed by Nkemdirim Agboti, Company Secretary, UACN.

Aiyesimoju bought 22,500,000 UACN shares at N10.30 a unit on May 11 2021 in Lagos, Nigeria (the Nigerian Exchange Limited trading floor).

Aiyesimoju became UACN Group Managing Director and Chief Executive Officer on April 1 2019 following Mrs Omolara Elmide exit.

Mr Aiyesimoju is a finance professional with experience spanning corporate finance, principal investing and private equity. Over the course of his career, Fola has lived and worked in Sub-Saharan Africa’s most important economies gaining experience of the operating landscape in the region. He holds a B.Sc. (Hons) degree in Estate Management from the University of Lagos, where he was awarded a Certificate of Excellence in Real estate development and finance, and earned the right to use the CFA designation in 2006.

He is the founder of Themis Capital Management, an investment firm focused on concentrating capital and talent on high-potential opportunities in Sub-Saharan Africa.

Aiyesimoju first joined the Board of UAC of Nigeria PLC in March 2018 and is a member of the Governance and Remuneration Committee of the Board. He was also appointed Managing Director/CEO of UACN Property Development PLC (“UPDC PLC”) in August, 2018 and, in his capacity as Group MD/CEO of UAC, will serve concurrently as Managing Director/CEO of UPDC PLC until anew Managing Director/CEO is appointed for the subsidiary company.

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