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Nigerian Stock Exchange

Stock Investors Gain N60bn as Seplat, 30 Others Rise

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Stock Investors Gain N60bn as Seplat, 30 Others Rise

Investors in the nation’s stock market gained N60bn on Monday as Seplat Petroleum Development Company Plc and 30 other firms recorded price appreciation.

The Nigerian Stock Exchange All-Share Index rose by 0.33 per cent to close at 40,571.67 basis points on Monday from 40,439.85bps on Friday.

The market capitalisation of listed equities increased by N60bn to N21.22tn from the N21.16tn at which it closed last week.

The top five gainers at the end of trading on the floor of the NSE on Monday were Seplat, Japaul Gold & Ventures Plc, Mutual Benefits Assurance Plc, AIICO Insurance Plc and Multiverse Mining and Exploration Plc.

Seplat appreciated by 10 per cent to close at N544.50 per share while Japaul Gold & Ventures rose by 9.86 per cent to close at N0.78 per share.

Mutual Benefit Assurance grew by 9.52 per cent to N0.46 per share; AIICO increased by 9.26 per cent to N1.18 per share, while Multiverse gained 9.09 per cent to close at N0.24 per share.

Thirteen stocks recorded losses at the end of trading on Monday, with Conoil Plc, Royal Exchange Plc, R.T. Briscoe Nigeria Plc, Consolidated Hallmark Insurance Plc, and Sovereign Trust Insurance emerging the biggest losers.

Conoil and Royal Exchange shed 10 per cent each to close at N18.90 and N0.27 per share respectively.

RT Briscoe fell by 9.09 per cent to close at N0.20 per share; CHI lost 8.7 per cent to close at N0.42 per share, while Sovereign Trust Insurance declined by 7.69 per cent to close at N0.24 per share.

Analysts at Cordros Capital Limited noted that trading in the domestic equities market started the week on a positive note, following buying interests in Seplat, Lafarge Africa Plc and Tier-1 banking stocks.

They said the month-to-date loss moderated to -4.3 per cent, while the year-to-date gain increased to +0.8 per cent.

The analysts said, “The total volume of trades declined by 47.9 per cent to 206.24 million units, valued at N2.16bn, and exchanged in 4,264 deals. Zenith Bank was the most traded stock by volume and value at 21.51 million units and N539.62m respectively.

“Performance across sectors was broadly positive, following gains in the oil and gas (+5.4 per cent), banking (+1.8 per cent), insurance (+1.4 per cent) and industrial goods (+0.4 per cent) indices. The consumer goods index was flat.”

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 Exchange Group Lists N1.964 Ordinary Shares at N16.15 Per Share on NGX

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Nigerian Exchange Limited - Investors King

Nigerian Exchange Group on Friday listed 1,964,115,918 ordinary shares on the Nigerian Exchange Limited’s Main Board following the demutualisation of the Nigerian Stock Exchange.

The listing was after the Nigerian Exchange Limited approved the application of the group to list its entire issued and fully paid 1,964,115,918 ordinary shares of 50 Kobo each at N16.15 per share.

The Group trading symbol NGXGROUP.

Speaking on the listing, Mr. Oscar Onyema, the Chief Executive of NGX Group, said the listing had opened up new opportunities for the company.

He said, “The demutualisation of the Nigerian Stock Exchange created the opportunity to restructure and reposition the organisation to achieve our expanded vision to be the preferred and premier exchange hub for Nigerian businesses and the wider African economy.

“The most significant benefit of our listing on the NGX exchange is the ability it gives us to drive inorganic growth as we add new subsidiaries and business lines that complement our business. This new era is indeed very exciting for us and we look forward to many possibilities achievable from deepening our various partnerships.”

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Nigerian Stock Exchange

Stock Investors Gained N329 Billion as FBN Holdings Sustained Gains

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Stock - Investors King

Investors gained N329 billion at the Nigerian Exchange Limited (NSE) last week as stocks of Champion Breweries, FBN Holdings and others closed in the green.

During the week, investors traded 2.179 billion shares worth N21.963 billion in 22,438 deals, in contrast to a total of 2.187 billion shares valued at N16.183 billion that exchanged hands in 14,377 deals in the previous week.

In terms of volume traded, the Financial Services Industry led the activity chart with 1.770 billion shares valued at N18.058 billion traded in 12,942 deals. Therefore, contributing 81.20 percent and 82.22 percent to the total equity turnover volume and value, respectively.

The Conglomerates followed with 93.178 million shares worth N169.819 million in 736 deals. In third place was ICT Industry, with a turnover of 72.338 million shares worth N1.043 billion in 861 deals.

FBN Holdings Plc, Universal Insurance Plc and Fidelity Bank Plc were the three most traded stocks in the week, accounting for 1.161 billion shares worth N12.338 billion that were traded in 3,460 transactions during the week. The three contributed a combined 53.28 percent and 56.18 percent to the total equity turnover volume and value, respectively.

The market capitalisation of listed stocks gained N329 billion or 1.62 percent from N21.296 trillion recorded in the previous week to N21.625 trillion last week.

NSE All-Share Index appreciated by 1.39 percent or 569.79 index points to close at 41,438.15 index points last week, up from 40,868.36 index points recorded in the previous week.

Similarly, all other indices finished higher with the exception of NGX ASeM Index which closed flat. The exchange extended year-to-date return to 2.90 percent.

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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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