Nigerian Stock Exchange

Japaul Gold Stock Sheds Over 50 Percent in One Month

Published

7 months ago

February 18, 2021

Japaul Gold & Ventures - Investors King Ltd

Japaul Gold Stock Sheds Over 50 Percent in One Month

Stock investors are dumping Japaul Gold stocks as fast as they purchased them when the news of the company’s partnership with H&H Mines Limited was announced in November 2020.

Japaul Gold declined by over 50 percent from N1.52 per share it attained in January to 72 kobo on Wednesday on growing weak sentiment across the Nigerian Stock Exchange and the future of the company.

On November 15th, 2020, Investors King reported that Japaul Gold and Ventures has received approval in principle from H&H Mines Limited to invest in or acquire shares in the company.

The news bolstered the company’s outlook as investors jumped on Japaul’s stock trading at 20 kobo at the time and pushed it to N1.67 per share within 2 months.

However, with global growing uncertainties and the perceived complexity of the supposed deal, investors started dumping the shares.

Investors traded 2,542,733 shares valued at N1.894 billion on Wednesday. While 7,437,158 and 3,547,124 were exchanged on Tuesday and Monday, respectively.

The Nigerian Stock Exchange extended its decline on Wednesday by 0.07 percent to close at N21.169 trillion, while NSE All-Share Index declined to 40,465.32 index points.

Up Next

Final Dividend: Nigerian Breweries Announced 69 Kobo for 2020

Don't Miss

Japaul Gold, Vitafoam, Others Lead Stock Decline on Wednesday

Samed Olukoya

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.

Comments

Nigerian Stock Exchange

NGX Returns to Red Zone Following Two Days of Consecutive Gains

Published

2 days ago

September 17, 2021

Samed Olukoya

The Nigerian Exchange Limited (NGX) returned to the red zone on Thursday following two days of consecutive gains.

Investors traded 130,202,679 shares worth N1.427 billion in 2,962 transactions during the trading hours of Thursday, against 141,407,914 shares valued at N2.973 billion traded in 3,079 transactions on Wednesday.

Market value dipped by N30 billion to N20.273 trilllion from N20.303 trillion it closed on Wednesday while the NGX All-Share Index depreciated by 0.15 percent to settle at 38,911.31 index points, down from 38,968.34 index points recorded on Wednesday.

Unity Bank led gainers with N0.05 or 9.62 percent to close at N0.57 a share. FTNCocoa followed by N0.04 or 8.70 percent to settle at N0.50 per share. See the details below.

Top Gainers

Symbols	Last Close	Current	Change	%Change
UNITYBNK	N 0.52	N 0.57	0.05	9.62 %
FTNCOCOA	N 0.46	N 0.50	0.04	8.70 %
CORNERST	N 0.48	N 0.52	0.04	8.33 %
CHAMS	N 0.20	N 0.21	0.01	5.00 %
SOVRENINS	N 0.24	N 0.25	0.01	4.17 %

Top Losers

ymbols	Last Close	Current	Change	%Change
ETERNA	N 7.20	N 6.52	-0.68	-9.44 %
SCOA	N 1.17	N 1.06	-0.11	-9.40 %
INTBREW	N 5.00	N 4.80	-0.20	-4.00 %
HONYFLOUR	N 4.07	N 3.91	-0.16	-3.93 %
UBN	N 5.00	N 4.85	-0.15	-3.00 %

Top Trades

Symbols	Volume	Value
ACCESS	24776258.00	230255009.65
UNIVINSURE	15265888.00	3053177.60
ZENITHBANK	8491361.00	200665488.55
GTCO	6753768.00	182783559.00
JAPAULGOLD	5985308.00	2992593.68

Nigerian Stock Exchange

Stock Investors Gained N25 Billion on Wednesday

Published

3 days ago

September 16, 2021

Samed Olukoya

Investors that invested in the Nigerian Exchange Limited (NGX) gained N25 billion on Wednesday as more stocks closed in the green.

Investors traded 141,407,914 shares valued at N2.973 billion in 3,079 transactions during the trading hours of Wednesday, contrast to 228,479,010 shares valued at N1.879 billion that exchanged hands in 3,376 deals on Tuesday.

Market value grew by N25 billion from N20.278 trillion it closed on Tuesday to N20.303 trillion on Wednesday, while the NGX All-Share Index appreciated by 0.12 percent to 38,968.34 index points, up from 38,920.5 index points.

UPDC Plc led gainers for second consecutive day with N0.16 or 9.64 percent to close at N1.82 per share. While N Nig. Flour Mills Plc followed with N0.70 or 9.59 percent to settle at N8 a unit. See the details below.

Top Gainers

Symbols	Last Close	Current	Change	%Change
UPDC	N 1.66	N 1.82	0.16	9.64 %
NNFM	N 7.30	N 8.00	0.70	9.59 %
OANDO	N 4.35	N 4.62	0.27	6.21 %
LEARNAFRCA	N 1.36	N 1.44	0.08	5.88 %
HONYFLOUR	N 3.92	N 4.07	0.15	3.83 %

Top Losers

Symbols	Last Close	Current	Change	%Change
TRANSCOHOT	N 5.00	N 4.50	-0.50	-10.00 %
CHIPLC	N 0.53	N 0.48	-0.05	-9.43 %
PRESTIGE	N 0.48	N 0.44	-0.04	-8.33 %
CHAMPION	N 2.08	N 1.91	-0.17	-8.17 %
LASACO	N 1.30	N 1.20	-0.10	-7.69 %

Top Trades

Symbols	Volume	Value
UNIVINSURE	17987052.00	3597410.40
ZENITHBANK	9711718.00	229355692.90
UCAP	9341841.00	76221425.25
TRANSCORP	9082603.00	8286258.24
ACCESS	9023766.00	83787940.10

Nigerian Stock Exchange

Nigerian Exchange Limited Closes Slightly in Green on Tuesday Following Weeks of Bearish Trend

Published

4 days ago

September 15, 2021

Samed Olukoya

Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited (NGX) rebounded slightly from bearish trends on Tuesday as investors gained N2 billion after weeks of trading in the red.

Market value of all stocks rose to N20.278 trillion on Tuesday, up by N2 billion from N20.276 trillion recorded on Monday. While the NGX All-Share Index gained 0.01 to close at 38,920.5 index points from 38,915.62 index points it settled on Monday.

Investors transacted 228,479,010 shares valued at N1.879 billion in 3,376 deals during the trading hours of Tuesday, against 201,103,282 shares worth N2.526 billion that exchanged hands in 3,340 transactions on Monday.

UPDC Plc led gainers with N0.15 or 9.93 percent to close the day at N1.66 a share while Academy Press Plc followed with N0.03 or 8.33 gain to settle at N0.39 a unit.

Investors renewed interest in Wema Bank as a total of 46,760,667.00 shares valued at N35,973,004.78 were traded during on Tuesday. Access Bank came second with 28239839.00 shares worth N263,494,888.05

Top Gainers

Symbols	Last Close	Current	Change	%Change
UPDC	N 1.51	N 1.66	0.15	9.93 %
ACADEMY	N 0.36	N 0.39	0.03	8.33 %
COURTVILLE	N 0.27	N 0.29	0.02	7.41 %
VITAFOAM	N 16.75	N 17.40	0.65	3.88 %
LIVESTOCK	N 2.08	N 2.14	0.06	2.88 %

Top Losers

Symbols	Last Close	Current	Change	%Change
SOVRENINS	N 0.27	N 0.25	-0.02	-7.41 %
UPL	N 1.09	N 1.02	-0.07	-6.42 %
REGALINS	N 0.48	N 0.45	-0.03	-6.25 %
UACN	N 10.30	N 9.80	-0.50	-4.85 %
CHAMS	N 0.22	N 0.21	-0.01	-4.55 %