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Nigerian Stock Exchange

Foreign Stock Investors Withdraw N1.01tn in Two Years

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Nigerian Stock Exchange

Foreign Stock Investors Withdraw N1.01tn in Two Years

Foreign investors pulled out a total of N1.01tn from the nation’s stock market in the past two years, according to the Nigerian Stock Exchange.

The NSE data also showed that the foreign portfolio investors injected N666.40bn into the stock market in the period under review.

Foreign portfolio investment outflow includes sales transactions or liquidation of portfolio investments through the stock market, while the FPI inflow includes purchase transactions on the NSE (equities only), according to the bourse.

The NSE, in its latest domestic and foreign portfolio report, said foreign outflow stood at N481.93bn in 2020, compared with N523.42bn a year before.

The report showed that foreign inflow dropped to N247.27bn in 2020 from N419.13bn in 2019.

The NSE said total domestic transactions accounted for about 74 per cent of the total transactions carried out in 2020, while foreign transactions accounted for about 26 per cent.

It said total foreign transactions carried out were about N729.21bn, while total domestic transactions were about N1.44tn.

The bourse said, “As of December 31, 2020, total transactions at the nation’s bourse decreased by 15.28 per cent from N317.81bn (about $813.87m) in November 2020 to N269.24bn (about $687.06m) in December 2020.

“In December 2020, the total value of transactions executed by domestic investors outperformed transactions executed by foreign investors by about 48 per cent.”

Institutional investors outperformed retail investors by 38 per cent, according to the report.

It said retail transactions decreased by 42.45 per cent from N106.38bn in November to N61.22bn in December.

 

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

Stanbic IBTC Holdings to Release Audited 2021 Half Results in August 2021

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Stanbic IBTC - investorsking.com

Stanbic IBTC Holdings Plc, one of the leading banks in Nigeria, on Wednesday announced its Board of Directors has decided to audit the Half Year Financial Results of the bank.

The bank announced in a statement signed by Chidi Okezie, Company Secretary.

According to the bank, the Audited Results for the Half Year Ended 30 June 2021 will be released not later than 29, August 2021 after the Central Bank of Nigeria has approved it.

The statement reads, “Having duly notified NGX RegCo of this development, the Management of Stanbic IBTC wishes to notify the investing public that the Company will aim to publish its 2021 Audited Half Year Results on or before 29 August 2021 in accordance with the extant Rules of NGX Regulation Limited as cited above.

“Thank you for your understanding. For any enquiry, please contact Chidi Okezie, Group Company Secretary – Email: chidi.okezie@stanbicibtc.com or Idris Toriola, Head Investor Relations – Email: idris.toriola@stanbicibtc.com; Tel +234 422 8501”

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Nigerian Stock Exchange

Equities Market Closes in Red on Monday

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Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited extended its bearish trend on Monday as several unclear economic policies continue to dictate market sentiment.

Investors traded 209,212,596 shares estimated at N1.763 billion during the trading hours of Monday.

Market value of listed equities dipped to N20.089 trillion on Monday, while the Nigerian Exchange Limited All-Share Index lost 0.27 percent 38545.30 index points.

Meyer Plc led gainers with 8.77 percent to close at N0.57 a share. This was followed by Champion Brew. Plc with 6.06 percent. See the details below.

Top Gainers

Symbols Last Close Current Change %Change
MEYER N 0.57 N 0.62 0.05 8.77 %
CHAMPION N 1.98 N 2.10 0.12 6.06 %
JBERGER N 19.10 N 20.00 0.90 4.71 %
REGALINS N 0.50 N 0.52 0.02 4.00 %
IKEJAHOTEL N 0.94 N 0.97 0.03 3.19 %

Top Losers 

Symbols Last Close Current Change %Change
FIDSON N 5.10 N 4.60 -0.50 -9.80 %
LASACO N 1.50 N 1.36 -0.14 -9.33 %
FTNCOCOA N 0.33 N 0.30 -0.03 -9.09 %
MBENEFIT N 0.45 N 0.41 -0.04 -8.89 %
CORNERST N 0.58 N 0.55 -0.03 -5.17 %

Top Traders

Symbols Volume Value
ACCESS 22719611.00 193988537.35
MANSARD 16700986.00 15046288.96
ZENITHBANK 16144873.00 384583513.35
MBENEFIT 14685025.00 6036206.91
CHAMS 13478252.00 2703150.40

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Nigerian Stock Exchange

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

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Presco Plc - Investors King

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.

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