Nigerian Stock Exchange

Insider Dealing: Ukpabi, Emmanuel Akwari Increased Stake in Flour Mills

Published

6 months ago

December 15, 2020

Ukpabi, Emmanuel Akwari Invested N24.276 Million in Flour Mills

The Vice-Chairman of Flour Mills of Nigeria Plc added to his stake in the company, according to the latest filing with the Nigerian Stock Exchange (NSE).

The Vice-Chairman purchased an additional shares of 879,552 at N27.6 per share on November 5, 2020 from the Nigerian Stock Exchange trading flour in Lagos, Nigeria.

In a statement signed by Umolu Joseph, Company Secretary and Legal Services Director, Flour Mills, Ukpabi Emmanuel Akwari invested an additional N24.276 million in Flour Mills of Nigeria Plc.

This was after Ukpabi Emmanuel Akwari purchased 120,448 units at N27.60 per share on November 5. Meaning, Vice Chairman is bullish on the company’s future. See the details of the latest transaction below.

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Samed Olukoya

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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Nigerian Stock Exchange

Presco Plc to Hold Emergency Meeting to Recommend Acquisition of Private Company to Shareholders

Published

4 days ago

June 16, 2021

Samed Olukoya

Presco Plc, an agro-industrial company, has notified shareholders of the company, the Nigerian Exchange Group and the investing public that the Board of Directors of Presco Plc will hold an emergency meeting on Thursday 24th June, 2021 to recommend for the shareholders to consider the acquisition of an existing private company through shares.

The existing private company, according to a statement signed by Patrick Uwadua Esq., Company Secretary, Presco Plc, is in the same line of business with Presco Plc.

Presco said once considered, a resolution will be passed at the company’s next General Meeting to authorise the acquisition of all the shares of the existing private company.

Meanwhile, the company commenced its closed period on today, Wednesday 16 June 2021 until 24 hours after the decisions taken at the Board Meeting are released to the public.

Nigerian Stock Exchange

Cornerstone Insurance, Morison, Others Lead Gainers as Stock Market Gains

Published

4 days ago

June 16, 2021

Samed Olukoya

Nigerian Exchange Group rebounded from 1.66 percent decline recorded on Tuesday to close with 0.15 percent gain on Wednesday as more stocks closed in the green.

Investors traded 302,722,917 shares valued at N2.809 billion during the trading hours of Wednesday, against the 297.35 million shares worth N3.65 billion that were exchanged in 4,402 deals on Tuesday.

Market value of listed stocks appreciated from N20.07 trillion on Tuesday to settle at N20.099 trillion on Wednesday.

Nigerian Exchange Group All-Share Index gained 0.15 percent from 38,507.29 index points on Tuesday to 38564.70 index points on Wednesday.

Cornerstone Insurance led gainers with 10 percent, while Morison followed with 9.68 percent as shown below. Sterling bank emerged the most traded stocks with 37473362.00 shares valued at N57825053.65.

Top Gainers

Symbols	Last Close	Current	Change	%Change
CORNERST	N 0.50	N 0.55	0.05	10.00 %
MORISON	N 1.24	N 1.36	0.12	9.68 %
LEARNAFRCA	N 0.92	N 0.98	0.06	6.52 %
AFRIPRUD	N 6.05	N 6.40	0.35	5.79 %
COURTVILLE	N 0.20	N 0.21	0.01	5.00 %

Top Losers

Symbols	Last Close	Current	Change	%Change
ABBEYBDS	N 1.05	N 0.95	-0.10	-9.52 %
CHIPLC	N 0.74	N 0.67	-0.07	-9.46 %
CWG	N 1.24	N 1.15	-0.09	-7.26 %
WAPIC	N 0.57	N 0.53	-0.04	-7.02 %
REGALINS	N 0.48	N 0.45	-0.03	-6.25 %

Top Trades

Symbols	Volume	Value
STERLNBANK	37473362.00	57825053.65
ETI	27396295.00	142467020.85
WEMABANK	27146019.00	15001766.29
GUARANTY	26491561.00	745342100.20
JAPAULGOLD	22136983.00	11040985.74

Nigerian Stock Exchange

Stock Market Gains N230 Billion Last Week

Published

6 days ago

June 14, 2021

Samed Olukoya

Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited gained N230 billion last week as more stocks closed in the green.

The market value of listed stocks and the Nigerian Exchange Limited All-Share Index expanded by 1.11 percent to close the week at N20.41 trillion and 39.156.28 index points, respectively.

Investors traded 1.06 billion shares valued at N12.8 billion in 17,854 transactions during the week, against a total of 1.08 billion shares worth N9.55 billion were traded in 17,933 transactions in the previous week.

In terms of volume traded, the financial services industry led the activity table with 714.677 million shares estimated at N5.95 billion traded in 9,718 transactions. Therefore, contributing 67.53 percent and 46.38 percent to the total equity turnover volume and value traded, respectively.

This was followed by the consumer goods industry with 97.18 million shares estimated at N3.29 billion in 3,006 transactions.

In third place was the ICT industry with a turnover of 75.99 million shares valued at N583.72 million in 679 deals.

The top three most traded stocks (measured by volume) were Zenith Bank Plc, Sterling Bank Plc and Fidelity Bank Plc. The three accounted for 261.34 million shares valued at N2.71 billion and traded in 2,862 deals. The top three most traded equities in the week contributed 24.70 percent and 21.13 percent to the total equity turnover volume and value.

During the week, 35 stocks closed in the green, against 33 posted in the previous week. A total of 36 equities rose as against 33 equities in the previous week, while 89 equities remained unchanged as against 94 in the previous week.