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Nigerian Stock Exchange

Stock Investors Gain N60bn as Seplat, 30 Others Rise

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Stock Bull - Investors King

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

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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