Airtel Africa, Dangote Cement Led Gainers on Monday
Airtel Africa gained N64 or 10 percent on Monday to lead top gainers’ chart following a week of bearish trend.
Investors traded 208.095 million shares valued at N3.700 billion in 4,154 transactions during the trading hours of Monday.
NSE All-Share Index gained 1.73 percent or 592.7 index points from 34,250.74 index points it closed last week to settle at 34,843.44 index points on Monday.
Market capitalisation of listed equities gained N309 billion from N17.902 trillion last week to N18.211 trillion on Monday.
Zenith Bank led the most traded equities with 38,633,514 shares worth N875,678,093.55 while GTBank followed with 19,167,233 shares estimated at N632,187,320.00. See the details below.
Top Traded Stocks on Monday
Top Gainers on Nigerian Stock Exchange
Top Losers on Nigerian Stock Exchange
Stocks on Nigerian Exchange Limited Sustains Gain on Tuesday
Listed stocks on the Nigerian Exchange Limited gained N36 billion on Tuesday to sustain Monday’s positive momentum.
The bourse All-Share Index rose by 0.18 percent from 39,312.74 index points on Monday to close at 39,382.96 index points on Tuesday. While the market value of listed equities expanded by N36 billion to settle at N20.527 trillion, up from N20.491 trillion recorded on Monday.
Investors traded 296.596 million shares valued at N3.362 billion in 4,265 transactions during the trading hours of Tuesday.
Meyer led gainers with N0.05 or 9.62 percent gain to close at N0.57 per share. This was followed by Presco with N6.90 or 9.58 percent gain as shown below.
Stock Market Snapshot
|EQUITY CAP||N 20,527,328,320,996.84|
|BOND CAP||N 17,216,586,380,738.50|
|ETF CAP||N 18,261,586,163.62|
Investors Jump on Union Bank of Nigeria’s Shares Amid Acquisition Rumour
Shares of Union Bank of Nigeria Plc, a leading financial institution in Nigeria, rose by 50 kobo or 9.26 percent on Monday following reports that Atlas Mara Limited, a 49.7 percent owner in the bank has been talking to investors to sell its stake.
Investors King had reported that Bloomberg sources claimed Atlas Mara Limited, a London Stock Exchange-listed pan-African banking group started by Mr. Bob Diamond is in talks with Zenith Bank, Access Bank and other investors across Africa to sell its holding in the bank.
Since the report became public investors have been acquiring shares of Union Bank in case Zenith Bank or Access Bank, one of the leading banks in the country, acquire it. Even the bank’s CEO, Godson Chukwuemeka Okonkwo, purchased an additional 2,431,917 ordinary shares of the bank on Thursday, according to the bank’s latest disclosure filing.
Union Bank of Nigeria was the third-highest gainer on Monday.
The Nigerian Exchange Limited gained N59.4 billion on Monday to close at N20.491 trillion on Monday.
Nigerian Exchange Limited Gains N59.4 Billion on Monday
Stocks in Africa’s largest economy, Nigeria, gained N59.4 billion on Monday amid positive first-quarter results.
The Nigerian Exchange Limited All-Share Index rose by 0.29 percent from 39,198.75 index points it closed on Friday to settle at 39312.74 index points on Monday.
During the trading hours of Monday, investors traded 324.187 million shares valued at N3.281 billion in 4,867 deals.
The market value of listed stocks grew by N59.4 billion from N20.431 trillion recorded on Friday to N20.491 trillion on Monday.
Regency Assurance Plc (Regalins) led gainers with N0.03 or 9.68 percent to close the day at N0.31 per share.
Associated Bus Company Plc (ABCTRANS) followed with the same amount of gain, N0.03 or 9.68 percent to settle at N0.31 a share. Union Bank of Nigeria came third with N0.5 or 9.26 percent to close at N5.5 per share. See the details below.
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