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Nigerian Stock Exchange

Emmanuel Nnorom and Family Members Aggressively Mop Up United Capital Shares

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united capital

Emmanuel Nnorom and Family Members Aggressively Mop Up United Capital Shares

Top executives and relatives of United Capital Plc are scooping up the company’s shares aggressively, according to the last eight filings with the Nigerian Stock Exchange (NSE).

Peter Ashade/Artol Investment Company Limited, a related company, bought 1,054,295 units at N 5.29 per share on January 19, 2021. While Shedrack Onakpoma, the Group Chief Finance Officer, added 230,000 units to his existing stake at N 5.35 per share on the same day.

On January 22, 2021, Peter Oladele Ashade/ Artol Investment Company Limited, concluded another purchase of 1,330,613 units at N5.40 per share.

Florence Ihuoma Nnorom, the spouse of the director, Emmanuel Nnorom, bought 250,000 units at N4.52 per share on December 23, 2020.

Also, Miracle Chukwuemeka Nnorom, the son of Director, Emmanuel Nnorom, acquired 32,000 units at N5.42 per share on January 25, 2021.

Emmanuel Nnorom/Vine Foods Limited 2, director and a related company, purchased 1,000,000 units at N5.39 per share on January 25, 2021.

On January 26, 2021, Emmanuel Nnorom/Vine Foods Limited 2 added 500,000 at N5.53 per share to existing stake in the company. On the same day, Adeyemi Damilare Okunubi, operations officer, mopped 70 units at N5.45 per share.

 

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

Nigerian Stock Market Gains N27 Billion on Monday

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Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited (NGX) opened the week in green as more stocks extended their gains on Monday.

Market value of all listed stocks rose by N27 billion from N21.794 trillion it closed on Friday to N21.821 trillion on Monday. While the NSE All-Share Index appreciated by 0.12 percent to 41,814.74 index points, up from 41,763.26 index points it closed on Friday.

Investors traded 674,498,620 shares worth N7.591 billion in 5,432 transactions during the trading hours of Monday.

PZ led gainers with N0.55 or 9.32 percent to close at N6.45 per share. This was followed by Mutual Benefits Assurance Plc with N0.02 or 7.14 percent to settle at N0.30 a unit. See other details below.

Top Five Gainers

Symbols Last Close Current Change %Change
PZ N 5.90 N 6.45 0.55 9.32 %
MBENEFIT N 0.28 N 0.30 0.02 7.14 %
UNILEVER N 14.50 N 15.50 1.00 6.90 %
MANSARD N 2.31 N 2.46 0.15 6.49 %
CUTIX N 6.05 N 6.40 0.35 5.79 %

Top Five Losers 

Symbols Last Close Current Change %Change
ABBEYBDS N 0.95 N 0.86 -0.09 -9.47 %
PRESTIGE N 0.47 N 0.43 -0.04 -8.51 %
REGALINS N 0.41 N 0.38 -0.03 -7.32 %
CILEASING N 4.70 N 4.40 -0.30 -6.38 %
NGXGROUP N 22.00 N 20.60 -1.40 -6.36 %

Top Five Trades

Symbols Volume Value
FBNH 350541622.00 4345726068.70
ETI 45642660.00 347799322.85
UNIVINSURE 33914599.00 6782919.80
TRANSCORP 32576994.00 33205137.68
GTCO 21476241.00 614370055.60

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Nigerian Stock Exchange

Nigerian Exchange Group Leads Gainers as Stock Investors Gained N169 Billion Last Week

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Stock bull - Investors King

The stock price of the Nigerian Exchange Group extended its bullish run to N22 per share last week, representing an increase of 23.95 percent when compared to its N17.75 per share opening price.

During the four trading days week (Eid-iL-Maulud Holiday), investors traded a total of 1.565 billion shares worth N18.384 billion in 21,621 deals, in contrast to a total of 2.838 billion shares valued at N31.653 billion that exchanged hands in 23,355 deals in the previous week.

In terms of the volume traded, the financial service industry led the activity chart with 1.179 billion shares valued at N12.746 billion traded in 13,272 transactions. Therefore, contributing 75.38 percent and 69.33 percent to the total equity turnover volume and value, respectively.

The ICT Industry followed with 131.585 million shares worth N2.151 billion in 636 deals. In third place was Conglomerates Industry, with a turnover of 110.828 million shares worth N 262.227 million in 928 deals.

FBN Holdings Plc, E-Tranzact International Plc and Access Bank Plc were the most traded equities, accounting for 626.888 million shares worth N6.303 billion in 3,677 deals. The three contributed 40.07 percent and 34.29 percent to the total equity turnover volume and value, respectively.

The market value of listed equities gained 0.78 percent or N163 billion from N21.625 trillion in the previous week to N21.794 trillion last week. The NGX All-Share Index also appreciated by 0.78 percent or 325.11 index points to close the week at 41,763.26 index points, up from 41,763.26 index points.

However, all other indices finished lower with the exception of NGX Main Board, NGX 30, NGX Banking, NGX Oil/Gas, NGX Industrial Goods and NGX Sovereign Bond indices which appreciated by 1.64 percent, 0.80 percent, 0.69 percent, 1.40 percent, 2.59 percent and 0.03 percent, respectively, while the NGX ASeM Index closed flat.

The year-to-date return rose to 3.71 percent last week.

 

 

 

 

 

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Nigerian Stock Exchange

Stock Investors Gained N238 Billion as NGX Index Rises by 1.10 Percent

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Stock Bull - Investors King

Investors at the Nigerian Exchange Limited (NGX) gained another N238 billion on Thursday following a profit of N53 billion on Wednesday.

Market value of all listed equities closed at N21.764 trillion, an increase of N238 billion when compared to N21.526 trillion it closed on Wednesday.

NGX All-Share Index appreciated by 1.10 percent from 41,249.71 index points on Wednesday to 41,704.11 index points on Thursday.

Investors exchanged 216,194,624 shares valued at N3.381 billion in 4,272 transactions during the trading hours of Thursday, in contrast to 499,507,983 shares worth N5.079 billion transacted in 5,998 deals on Wednesday.

Cutix led gainers with N0.5 or 10 percent to close at N5.50 a unit. NGX Group sustained its bullish run with N2.10 or 9.79 percent to close at N23.55 percent as shown below.

Top Gainers 

Symbols Last Close Current Change %Change
CUTIX N 5.00 N 5.50 0.50 10.00 %
NGXGROUP N 21.45 N 23.55 2.10 9.79 %
CHIPLC N 0.55 N 0.60 0.05 9.09 %
NB N 47.90 N 51.45 3.55 7.41 %
BUACEMENT N 67.85 N 72.00 4.15 6.12 %

Top Losers

Symbols Last Close Current Change %Change
TIP N 0.47 N 0.43 -0.04 -8.51 %
NEIMETH N 1.85 N 1.76 -0.09 -4.86 %
UNIVINSURE N 0.21 N 0.20 -0.01 -4.76 %
NAHCO N 3.60 N 3.47 -0.13 -3.61 %
UNITYBNK N 0.57 N 0.55 -0.02 -3.51 %

Top Trades

Symbols Volume Value
FBNH 51915381.00 628328003.80
ETI 20019916.00 143690535.50
TRANSCORP 14645821.00 14974142.81
ACCESS 13034388.00 124228342.40
FIDELITYBK 12480690.00 34160372.88

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