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Nigerian Stock Market Closed in the Red in the First Week of the Year

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Nigerian Stock Market Closed in the Red in the First Week of the Year

The Nigerian Stock Exchange pulled back in the first week of the year after recording a 50.3 percent gain in 2020.

The market capitalisation of listed equities declined by 0.37 percent to close the week at N20.978 trillion while the NSE All-Share Index dipped by the same 0.37 percent or 150.50 index points to 40,120.22 index points, down from 40,270.72 index points.

During the week, investors traded a total turnover of 3.394 billion shares worth N19.867 billion in 26,808 deals, against a total of 1.806 billion shares valued at N25.966 billion that exchanged hands last week in 14,634 deals.

In terms of volume traded, the Consumer Goods Industry led the activity chart with 2.026 billion shares valued at N7.503 billion traded in 4,031 deals; thus contributing 59.70 percent and 37.77 percent to the total equity turnover volume and value respectively.

The Financial Services Industry followed with 939.288 million shares worth N7.820 billion in 14,020 deals. The third place was Conglomerates Industry, with a turnover of 139.882 million shares worth N182.151 million in 885 deals.

Champion Breweries Plc, Transnational Corporation of Nigeria Plc and Access Bank Plc were the three most traded equities during the week with a combined 2.144 billion shares valued at N6.002 billion in 1,971 transactions. Therefore, the three contributed 63.18 percent and 30.21 percent to the total equity turnover volume and value, respectively.

The year-to-date return stood at -0.37 percent.

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

List of Stock Brokers in Nigeria

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Nigerian Exchange Limited - Investors King

Stockbrokers are financial professionals that execute stock orders on behalf of clients in Nigeria and other countries. Stockbrokers are also known as investment advisors due to the fact that they offer investment advice and issue reports/analyses on securities to clients.

Most stockbrokers in Nigeria work for brokerage companies and handle transactions for both individual and institutional clients for commissions.

Here is the complete list of all active and inactive stockbrokers in Nigeria as of October 14, 2021. Investors should endeavour to check this list as often as possible as the Nigerian Exchange Limited can move an active stockbroker to an inactive list.

Check below for the list of stockbrokers in Nigeria and their status.

List of Stock Brokers in Nigeria

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Nigerian Stock Exchange

NGX Announces Resignation Of Onyema As Board Member

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CEO of the Nigerian Stock Exchange (NSE), Mr

Nigerian Exchange Limited (NGX) has announced the resignation of Mr. Oscar N. Onyema, OON, as Non-Executive Director, effective immediately.

Mr. Onyema’s resignation comes on the back of the imminent listing of Nigerian Exchange Group Plc (NGX Group or The Group), where he serves as the Group Managing Director/Chief Executive Officer (GMD/CEO), on the main board of NGX.

Consequent upon this resignation by Mr. Onyema, NGX will uphold Rule 184(2)(a) of the Securities and Exchange Commission Consolidated Rules 2013 which states that “A securities exchange shall have a code of conduct for its council members or board which shall be approved by the Commission, and shall contain amongst others the following provisions, to wit, that the council members or board shall: (a) not be a staff of a quoted company and its subsidiaries.”

Speaking on the development, the Chairman, NGX, Mr. Abubakar Mahmoud, SAN, OON stated, “On behalf of the Board and Management of The Exchange, I extend our heartfelt gratitude to Mr. Onyema for his selfless service to The Exchange. As he transitions into this new phase as the GMD/CEO of a listed company, we reiterate our commitment to act in the best interest of all Issuers to the benefit of all stakeholders in the capital market.”

The Chief Executive Officer, NGX, Mr. Temi Popoola, CFA noted that “NGX owes its solid foundation to the effort of leaders like Mr. Onyema who worked tirelessly to build a capital market infrastructure we can be proud of. During his time as a Non-Executive Director on the Board of NGX, he brought to bear his wealth of experience and the unique institutional knowledge he possesses and we are grateful for that”.

To commemorate the listing of NGX Group on NGX, Mr. Popoola will host the Group Chairman, NGX Group, Otunba Abimbola Ogunbajo and the GMD/CEO, Oscar N. Onyema, OON and other key stakeholders to a virtual Closing Gong Ceremony on Friday, 15 October 2021.

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Nigerian Stock Exchange

Sustained Interest in FBNH Boosts Nigerian Stock Market on Thursday

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Strong interest in the FBN Holdings Plc shares boosted the Nigerian Exchange Limited (NGX) on Thursday as FBN Holdings accounted for over 66 percent of the total volume traded on the bourse.

Investors exchanged total shares of 908,059,073 valued at N10.970 billion in 5,151 transactions during the trading hours of Thursday, the FBN Holdings accounted for 66.37 percent or 602,768,564 of the total shares traded.

Market capitalisation of all listed stocks rose to N21.432 trillion while the NGX All-Share Index appreciated by 0.19 percent to 41,129.98 index points.

Champion led gainers with 9.71 percent or N0.27 to close at N3.05 a unit. Afriprud followed with 7.81 percent or N0.50 to settle at N6.90 per share. FBN Holdings came third with a 7.31 percent or N0.80 gain to N11.75 per unit after hitting a new 52-week high at N12 per share.

However, FBN Holdings led the most traded stocks with 602,768,564.00 shares valued at N7,111,934,085.65. An unusual daily trading volume that has led to retail traders insinuating insider dealings. See the table below for more details.

Top Gainers 
Symbols Last Close Current Change %Change
CHAMPION N 2.78 N 3.05 0.27 9.71 %
AFRIPRUD N 6.40 N 6.90 0.50 7.81 %
FBNH N 10.95 N 11.75 0.80 7.31 %
UNIVINSURE N 0.21 N 0.22 0.01 4.76 %
CHAMS N 0.23 N 0.24 0.01 4.35 %

Top Losers

Symbols Last Close Current Change %Change
LEARNAFRCA N 1.40 N 1.26 -0.14 -10.00 %
ETI N 7.35 N 6.75 -0.60 -8.16 %
WAPIC N 0.50 N 0.47 -0.03 -6.00 %
LINKASSURE N 0.60 N 0.57 -0.03 -5.00 %
NEM N 2.02 N 1.93 -0.09 -4.46 %

Top Trades

Symbols Volume Value
FBNH 602768564.00 7111934085.65
GTCO 63749288.00 1811033414.35
CHAMPION 37684373.00 114841679.31
UNIVINSURE 21909509.00 4567506.24
UBA 21174295.00 176701388.65

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