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Nigerian Stock Exchange

Seplat Gained N25.597 Billion on Thursday to Top Other Stocks

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seplate to announce financial results on July 29, 2020

Seplat Gained N25.597 Billion on Thursday to Top Other Stocks

Seplat Petroleum Development Company Plc (Seplat) on Thursday led top gainers with N43.5 or 8.76 percent gain to settle at N540 per share.

The stock opened the day at N496.5 per share with investors trading 122,487 shares of Seplat during the trading hours of Thursday.

On Thursday, investors traded total shares of 809.362 million valued at N8.906 billion in 6,706 deals.

The market value of listed stocks rose by 1.54 percent to settle at N21.419 trillion while the NSE All-Share Index advanced to 40,963.14 index points.

Transcorp led most traded stocks’ chart with 136,578,001 shares estimated at N130,187,282.08. Mbenefit followed with 70,590,783 shares worth N27,389,418.45. See the details below.

Top Trades

Symbols Volume Value
TRANSCORP 136,578,001 N130,187,282.08
MBENEFIT 70,590,783 N27,389,418.45
GUARANTY 68,993,112 N2,251,734,120.25
WAPCO 61,851,781 N1,423,886,590.65
FBNH 44,533,521 N329,473,070.35

Top Gainers

Symbols Last Close Current Change %Change
SEPLAT N496.5 N540 43.5 8.76%
DANGCEM N230 N237 7 3.04%
MTNN N165 N168 3 1.82%
ARDOVA N20 N21.85 1.85 9.25%
NASCON N15.95 N17.5 1.55 9.72%

Top Losers

Symbols Last Close Current Change %Change
NEIMETH N2.2 N2.06 -0.14 -6.36%
GUINNESS N18.9 N18.85 -0.05 -0.26%
NAHCO N2.29 N2.25 -0.04 -1.75%
JAIZBANK N0.72 N0.7 -0.02 -2.78%
COURTVILLE N0.24 N0.22 -0.02 -8.33%

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.

Nigerian Stock Exchange

Ardova Plc Profit After Tax Drops by 47.3 Percent to N2.06 Billion in 2020

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Ardova Plc Posts N2.06 Billion Profit After Tax in 2020

Ardova Plc, an indigenous energy group headquartered in Lagos, has declared N2.063 billion for the year ended December 31, 2020.

In the audited financial statements released on Thursday through the Nigerian Stock Exchange (NSE), the amount was 47.3 percent below the N3.915 billion posted in the same period of 2019.

The revenue of the energy company grew from N179.550 billion in 2019 to N181.664 billion in 2020. While the cost of sales inched slightly higher from N165.269 billion achieved in 2019 to N169.558 billion in 2020.

Gross profit stood at N12.107 billion, up from N11.282 billion recorded in 2019.

Profit before income tax moderated from N4.654 billion in 2019 to N3.199 billion in 2020.

Ardova posted N2.063 billion profit after tax in the period under review, down from N3.915 billion attained in 2019.

The company’s total assets stood at N62.443 billion as of December 31, 2020, up from N47.019 billion in 2019.

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Nigerian Stock Exchange

Nestle S.A Increases Stake in Nestle Nigeria, Invests Another N3 Billion

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Nestle S.A Invests Another N2.99 Billion in Nestle Nigeria

A Swiss multinational food and drink processing conglomerate corporation headquartered in Vevey, Vaud, Switzerland, Nestle S.A has invested another N2.922 billion in Nestle Nigeria, according to the latest disclosure statement filed with the Nigerian Stock Exchange.

Nestle S.A, the majority shareholder in Nestle Nigeria, has been increasing its stake in Nestle Nigeria in the last two years.

On March 02, Nestle S.A purchased 1,980,370 shares at N1,348.94 a unit while on March 03, another 186,277 shares were acquired at N1,349.74 per share.

Bringing the total shares purchased to 2,166,647 at an average price of N1,349 per share. Meaning, Nestle S.A invested another N2.922 billion in Nestle Nigeria. See the details below.

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Nigerian Stock Exchange

Japaul, Champion, Others Weigh on Nigeria’s Stock Exchange

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Stock Investors

Japaul, Champion, Others Weigh on Nigeria’s Stock Exchange

The Nigerian Stock Exchange closed in the red again on Wednesday as bearish sentiment persists across the board.

Investors traded 244.342 million shares estimated at N4.128 billion in 4,714 transactions during the trading hours of Wednesday.

The Nigerian Stock Exchange All-Share Index depreciated by 0.44 percent to settle at 39,522.06 index points. While the market value of listed stocks closed lower at N20.678 trillion.

Japaul led the losers’ table with a 10 percent decline. This was followed by NEM Insurance Plc’s 9.91 percent decline. See the details below.

Top Losers

Symbols Last Close Current Change %Change
JAPAULGOLD N0.6 N0.54 -0.06 -10.00%
NEM N2.12 N1.91 -0.21 -9.91%
CHAMPION N2.05 N1.85 -0.2 -9.76%
NPFMCRFBK N1.9 N1.72 -0.18 -9.47%
LINKASSURE N0.56 N0.51 -0.05 -8.93%

Top Gainers

Symbols Last Close Current Change %Change
SEPLAT N530 N583 53 10.00%
AIICO N1.15 N1.21 0.06 5.22%
CORNERST N0.58 N0.61 0.03 5.17%
UAC-PROP N0.8 N0.84 0.04 5.00%
CUTIX N2.14 N2.23 0.09 4.21%

Top Traded Stocks

Symbols Volume Value
ZENITHBANK 41,382,080 N1,060,149,129.45
GUARANTY 28,990,998 N919,822,730.20
UCAP 24,606,285 N145,323,889.68
MANSARD 17,592,232 N18,459,572.61
FBNH 16,540,558 N115,786,636.85

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