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Nigerian Stock Exchange

Stock Investors Lose for Second Consecutive Day This Week

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Stock Investors Lose for Second Consecutive Day This Week

Nigerian equities market declined on Tuesday to extend its bearish trend by another 0.07 percent this week.

During the trading hours of Tuesday, Transcorp led the most traded stocks with 42,940,581 shares valued at N50,240,479.77 while this was followed by Japaul Gold’s 39,588,880 shares worth N50,871,840.63.

Japaul Gold remained Nigeria’s most traded stock in 2021 so far and closed with a 56.70 percent gain last week with stock investors projecting around N5 per share once the company and H&H Mines Limited closed its ongoing deal.

Stock investors traded a total of 525,006,911 shares valued at N5.337 billion in 5,965 deals on Tuesday.

The market value of listed stocks declined by N16 billion from N21.491 trillion recorded on Monday to N21.475 trillion on Tuesday.

The Nigerian Stock Exchange All Share Index declined by 0.07 percent to 41,051.63 index points, down from 41,082.38 index points on Tuesday.

Top Trades in the Nigerian Stock Exchange Tuesday, January 19, 2021

Symbols Volume Value
TRANSCORP 42,940,581 N50,240,479.77
JAPAULGOLD 39,588,880 N50,871,840.63
ZENITHBANK 28,524,941 N745,993,748.10
BUACEMENT 25,699,145 N2,048,857,020.90
COURTVILLE 21,974,395 N5,327,275.31

Top Gainers in the Nigerian Stock Exchange Tuesday, January 20, 2021

Symbols Last Close Current Change %Change
NB N60 N61 1 1.67%
FLOURMILL N31 N32 1 3.23%
NNFM N7.41 N8 0.59 7.96%
PRESCO N74 N74.5 0.5 0.68%
WAPCO N24 N24.5 0.5 2.08%

Top Losers in the Nigerian Stock Exchange Tuesday, January 20, 2021

Symbols Last Close Current Change %Change
ARDOVA N19.7 N18 -1.7 -8.63%
BUACEMENT N79.9 N79 -0.9 -1.13%
UACN N8.35 N7.9 -0.45 -5.39%
ACCESS N9.6 N9.25 -0.35 -3.65%
UBA N9.1 N8.9 -0.2 -2.20%

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

Dangote Sugar Board of Directors Approves 2020 Audited Financial Statement

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Dangote Sugar Refinery Plc

Board of Directors Has Approved 2020 Audited Financial Statement for Dangote Sugar

The board of directors, Dangote Sugar Refinery Plc, has approved the Financial Statement for the period ended December 31, 2020.

The company disclosed in a statement filed with the Nigerian Stock Exchange on Thursday.

According to the statement signed by Mrs. Temitope Hassan FCIS, Company Secretary/Legal Adviser, Dangote Sugar, the board also recommended the declaration of dividends subject to the approval of shareholders at the Company’s Annual General Meeting to be held in due course.

It stated that “the Closed Period remains in force until 24 hours after the filing of the Financial Statements.

“No insider of the Company, including its Directors, Employees, Advisers and Consultants and their connected persons may deal directly or indirectly in the Shares of the Company during the Closed Period.

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Nigerian Stock Exchange

Stock Market Gains as AIICO, Zenith Bank, Flour Mills, Others Close in the Green

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Stock Market Gains as AIICO, Zenith Bank, Flour Mills, Others Close in the Green

Nigerian Stock Exchange (NSE) closed in the green as stocks of AIICO, Livestock, Flour Mills, Zenith Bank and others closed strong.

Investors traded 337.955 million shares valued at N3.845 billion in 5,232 transactions during the trading hours of Tuesday.

The market value of listed equities grew by N5 billion from N21.009 trillion on Monday to N21.014 trillion on Tuesday while the NSE All-Share Index gained 0.03 percent from 40,154.09 index points recorded on Monday to 40,164.86 index points.

FBNH led the most trade stocks with 64,588,247 shares valued at N471,801,052.30 as shown below.

Top Trades

Symbols Volume Value
FBNH 64,588,247 N471,801,052.30
ZENITHBANK 52,673,009 N1,341,206,505.80
TRANSCORP 41,987,880 N38,118,654.63
UCAP 20,968,270 N128,224,244.12
UBA 18,146,830 N153,239,636.30

Top Losers

Symbols Last Close Current Change %Change
SUNUASSUR N0.81 N0.73 -0.08 -9.88%
LASACO N1.52 N1.37 -0.15 -9.87%
AFRIPRUD N6.6 N5.95 -0.65 -9.85%
ABCTRANS N0.35 N0.32 -0.03 -8.57%
UPL N1.29 N1.18 -0.11 -8.53%

Top Gainers

Symbols Last Close Current Change %Change
AIICO N1.12 N1.2 0.08 7.14%
LIVESTOCK N2.1 N2.25 0.15 7.14%
FLOURMILL N29.2 N31 1.8 6.16%
ZENITHBANK N24.8 N26 1.2 4.84%
CUTIX N2.15 N2.25 0.1 4.65%

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Nigerian Stock Exchange

Nigerian Stock Exchange Continues its Downward Trend on Monday

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Nigerian Stock Exchange

Nigerian Stock Exchange Continues its Downward Trend on Monday

Equities market in Africa’s largest economy opened the weak lower as the bearish trend persists amid continuous profit-taking.

Investors traded 289.338 million shares valued at N3.574 billion in 4,953 transactions during the trading hours of Monday.

The market capitalisation of listed stocks declined by N17 billion from N21.026 trillion it closed on Friday to N21.009 trillion on Monday.

While the Nigerian Stock Exchange All-Share Index depreciated by 0.08 percent to 40,154.09 index points, down from 40,186.70 index points recorded on Friday.

Afriprud led the losers’ chart with a 70 kobo or a 9.59 percent decline. See the details below.

Top Losers

Symbols Last Close Current Change %Change
FRIPRUD N7.3 N6.6 -0.7 -9.59%
LASACO N1.68 N1.52 -0.16 -9.52%
NIGERINS N0.23 N0.21 -0.02 -8.70%
WAPCO N25 N23 -2 -8.00%
REDSTAREX N3.37 N3.12 -0.25 -7.42%

Top Gainers

Symbols Last Close Current Change %Change
UPDCREIT N5.35 N5.85 0.5 9.35%
CHIPLC N0.33 N0.36 0.03 9.09%
ACADEMY N0.35 N0.38 0.03 8.57%
CORNERST N0.64 N0.69 0.05 7.81%
UPL N1.2 N1.29 0.09 7.50%

Top Trades

Symbols Volume Value
FBNH 57,556,050 N419,712,708.70
UCAP 27,443,887 N167,340,384.50
GUARANTY 26,846,793 N820,545,362.40
UBA 25,197,443 N210,949,731.80
ZENITHBANK 21,749,034 N540,276,662.40

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