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Tripple Gee, Airtel Africa Led Stock Gainers Last Week

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Nigerian Exchange Limited - Investors King

Nigerian Stock Exchange Sustained Bullish Run Last Week

The Nigerian Stock Exchange sustained its bullish run to close in the green last week as investors remained positive across the board.

Investors traded 1.675 billion shares valued at N25.425 billion in 23,650 transactions during the week that ended November 4, 2020. This was against a total of 1.816 billion shares worth N25.791 billion that were exchanged in 31,664 deals in the previous week.

In terms of volume traded, the financial services industry led the activity table with 1.206 billion shares estimated at N12.063 billion but traded in 13,534 transactions. The industry contributed 72 percent and 47.45 percent to the total equity turnover volume and value, respectively.

This was followed by the consumer goods industry with 102.368 million shares worth N3.616 billion in 3,511 deals.

In third place was the natural resources industry with a total turnover of 86.626 million shares valued at N17.492 million but traded in 28 deals.

The top three most traded equities during the week were Access Bank Plc, FBN Holding Plc and Zenith Bank Plc. The three accounted for 475.819 million shares worth N6.144 billion in 4,900 deals and contributed 28.41 percent and 24.16 percent to the total equity turnover volume and value, respectively.

The Nigerian Stock Exchange market capitalisation gained 0.75 percent to close at N18.365 trillion during the week. While the NSE All-Share Index gained 0.72 percent or 252.48 index points from 34,885.51 index points to 35,137.99 index points.

The bourse total gains this year rose to 30.91 percent last week with 15.09 percent of the total gains coming from the final quarter. Making it the best performer among the 93 global stocks tracked by Bloomberg.

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.

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Dividends

Nestle Nigeria Declares N25 Interim Dividend for the Period Ended September 30, 2021

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Dividend - Investors King

Shareholders of Nestle Nigeria Plc would be currently smiling to the bank as the company announced an interim dividend of N25 per 50 Kobo ordinary share, subject to withholding tax, to shareholders whose names appear on the register of members as at the close of business on 19 November 2021.

Going by the company’s outstanding shares of 792,656,252, the amount translates to N19.816 billion.

The register of members would be closed from 22 November 2021 to 26 November 2021. On 6 December 2021, the dividend would be paid electronically to shareholders whose names appear on the register of members on 19 November 2021 and who have completed the e-dividend registration and mandated the registrars to pay their dividends directly into their bank accounts. The registrar of Nestle Nigeria Plc is Greenwich Registrars and Data Solutions Limited.

This comes as Nestle reported a 23 percent increase in revenue for the period, N261 billion was earned in the period ended September 2021 compared to N212 billion in the period ended September 2020. The company has two reporting segments, Food which includes the production and sale of Maggi, Cerelac, Nan, Lactogen, and Golden Morn and Beverages which includes the production and sale of Milo, Chocomilo, Nescafe, Milo ready-to-drink (RTD), and Nestle Pure Life. The Food segment reported a revenue of N154 billion while the Beverages segment reported a revenue of N107 billion during the period. N258 Billion of revenue was earned in Nigeria and N3 Billion was earned from exports to other countries.

Cost of sales, however, rose from N122 billion in the year ending September 2020 to N160 Billion in September 2021 and this saw profit for the period rise slightly by 5% from N31 Billion to N33 Billion. Earnings per share rose from N40.29 in 2020 to N42.37 in 2021.

Nestle Nigeria Plc is one of the largest food and beverage companies in Africa. For over 57 years, Nestle has been delighting consumers in Nigeria with high-quality nutritious food products. Nestle has a staff strength of over 2,300 direct employees, 3 manufacturing sites, and a head office in Lagos and produces several iconic brands in Nigeria.

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Nigerian Stock Exchange

Nigerian Exchange Group Leads Gainers as Stock Investors Gained N169 Billion Last Week

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Stock bull - Investors King

The stock price of the Nigerian Exchange Group extended its bullish run to N22 per share last week, representing an increase of 23.95 percent when compared to its N17.75 per share opening price.

During the four trading days week (Eid-iL-Maulud Holiday), investors traded a total of 1.565 billion shares worth N18.384 billion in 21,621 deals, in contrast to a total of 2.838 billion shares valued at N31.653 billion that exchanged hands in 23,355 deals in the previous week.

In terms of the volume traded, the financial service industry led the activity chart with 1.179 billion shares valued at N12.746 billion traded in 13,272 transactions. Therefore, contributing 75.38 percent and 69.33 percent to the total equity turnover volume and value, respectively.

The ICT Industry followed with 131.585 million shares worth N2.151 billion in 636 deals. In third place was Conglomerates Industry, with a turnover of 110.828 million shares worth N 262.227 million in 928 deals.

FBN Holdings Plc, E-Tranzact International Plc and Access Bank Plc were the most traded equities, accounting for 626.888 million shares worth N6.303 billion in 3,677 deals. The three contributed 40.07 percent and 34.29 percent to the total equity turnover volume and value, respectively.

The market value of listed equities gained 0.78 percent or N163 billion from N21.625 trillion in the previous week to N21.794 trillion last week. The NGX All-Share Index also appreciated by 0.78 percent or 325.11 index points to close the week at 41,763.26 index points, up from 41,763.26 index points.

However, all other indices finished lower with the exception of NGX Main Board, NGX 30, NGX Banking, NGX Oil/Gas, NGX Industrial Goods and NGX Sovereign Bond indices which appreciated by 1.64 percent, 0.80 percent, 0.69 percent, 1.40 percent, 2.59 percent and 0.03 percent, respectively, while the NGX ASeM Index closed flat.

The year-to-date return rose to 3.71 percent last week.

 

 

 

 

 

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Nigerian Stock Exchange

Stock Investors Gained N238 Billion as NGX Index Rises by 1.10 Percent

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Stock Bull - Investors King

Investors at the Nigerian Exchange Limited (NGX) gained another N238 billion on Thursday following a profit of N53 billion on Wednesday.

Market value of all listed equities closed at N21.764 trillion, an increase of N238 billion when compared to N21.526 trillion it closed on Wednesday.

NGX All-Share Index appreciated by 1.10 percent from 41,249.71 index points on Wednesday to 41,704.11 index points on Thursday.

Investors exchanged 216,194,624 shares valued at N3.381 billion in 4,272 transactions during the trading hours of Thursday, in contrast to 499,507,983 shares worth N5.079 billion transacted in 5,998 deals on Wednesday.

Cutix led gainers with N0.5 or 10 percent to close at N5.50 a unit. NGX Group sustained its bullish run with N2.10 or 9.79 percent to close at N23.55 percent as shown below.

Top Gainers 

Symbols Last Close Current Change %Change
CUTIX N 5.00 N 5.50 0.50 10.00 %
NGXGROUP N 21.45 N 23.55 2.10 9.79 %
CHIPLC N 0.55 N 0.60 0.05 9.09 %
NB N 47.90 N 51.45 3.55 7.41 %
BUACEMENT N 67.85 N 72.00 4.15 6.12 %

Top Losers

Symbols Last Close Current Change %Change
TIP N 0.47 N 0.43 -0.04 -8.51 %
NEIMETH N 1.85 N 1.76 -0.09 -4.86 %
UNIVINSURE N 0.21 N 0.20 -0.01 -4.76 %
NAHCO N 3.60 N 3.47 -0.13 -3.61 %
UNITYBNK N 0.57 N 0.55 -0.02 -3.51 %

Top Trades

Symbols Volume Value
FBNH 51915381.00 628328003.80
ETI 20019916.00 143690535.50
TRANSCORP 14645821.00 14974142.81
ACCESS 13034388.00 124228342.40
FIDELITYBK 12480690.00 34160372.88

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