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Final Dividend: Nigerian Breweries Announced 69 Kobo for 2020

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Final Dividend: Nigerian Breweries Announced 69 Kobo for 2020

Nigerian Breweries Plc has declared 69 kobo per ordinary share of 50 kobo each for the period ended 31, December 2020.

In a statement filed through the Nigerian Stock Exchange (NSE), it said the payment is subject to the deduction of applicable withholding tax and approval at the Annual General Meeting scheduled for 22, April 2021.

The firm said the amount will be paid to shareholders whose names appear in the Register of Members as at the close of business on the 10th of March, 2021.

Register of members will be closed from 11th of Match 2021 to 17th of March 2021 (both dates inclusive).

Therefore, 10th of March, 2021 is the qualification date.

It added that the payment date will be “On 23rd of April, 2021, dividends will be paid electronically to shareholders (“Qualifying Shareholders”) whose names appear on the Register of Members as at 10th of March, 2021, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.”

On election for scrip dividend instead of cash dividend, it said “The Directors are also recommending to Shareholders for their approval at the forthcoming AGM, a right of election for Qualifying Shareholders to receive new ordinary shares in the Company instead of the final dividend in cash. The election is required to be made on or before the 10th of April, 2021.”

The Reference Share Price for the purpose of determining the number of shares due to Qualifying Shareholders who elect for the share option will be a ten-day trading average of the Company’s share price on the floor of The Nigerian Stock Exchange, starting on the 11th of March, 2021.

Nigerian Breweries, therefore, advised shareholders who are yet to complete the e-dividend registration to download the Registrar’s E-Dividend mandate Activation Form, which is available at First Registrar, complete same and submit to the Registrar of their respective Banks.

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.

Nigerian Stock Exchange

Stock Market Gains as AIICO, Zenith Bank, Flour Mills, Others Close in the Green

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Stock Market Gains as AIICO, Zenith Bank, Flour Mills, Others Close in the Green

Nigerian Stock Exchange (NSE) closed in the green as stocks of AIICO, Livestock, Flour Mills, Zenith Bank and others closed strong.

Investors traded 337.955 million shares valued at N3.845 billion in 5,232 transactions during the trading hours of Tuesday.

The market value of listed equities grew by N5 billion from N21.009 trillion on Monday to N21.014 trillion on Tuesday while the NSE All-Share Index gained 0.03 percent from 40,154.09 index points recorded on Monday to 40,164.86 index points.

FBNH led the most trade stocks with 64,588,247 shares valued at N471,801,052.30 as shown below.

Top Trades

Symbols Volume Value
FBNH 64,588,247 N471,801,052.30
ZENITHBANK 52,673,009 N1,341,206,505.80
TRANSCORP 41,987,880 N38,118,654.63
UCAP 20,968,270 N128,224,244.12
UBA 18,146,830 N153,239,636.30

Top Losers

Symbols Last Close Current Change %Change
SUNUASSUR N0.81 N0.73 -0.08 -9.88%
LASACO N1.52 N1.37 -0.15 -9.87%
AFRIPRUD N6.6 N5.95 -0.65 -9.85%
ABCTRANS N0.35 N0.32 -0.03 -8.57%
UPL N1.29 N1.18 -0.11 -8.53%

Top Gainers

Symbols Last Close Current Change %Change
AIICO N1.12 N1.2 0.08 7.14%
LIVESTOCK N2.1 N2.25 0.15 7.14%
FLOURMILL N29.2 N31 1.8 6.16%
ZENITHBANK N24.8 N26 1.2 4.84%
CUTIX N2.15 N2.25 0.1 4.65%

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Nigerian Stock Exchange

Nigerian Stock Exchange Continues its Downward Trend on Monday

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Nigerian Stock Exchange

Nigerian Stock Exchange Continues its Downward Trend on Monday

Equities market in Africa’s largest economy opened the weak lower as the bearish trend persists amid continuous profit-taking.

Investors traded 289.338 million shares valued at N3.574 billion in 4,953 transactions during the trading hours of Monday.

The market capitalisation of listed stocks declined by N17 billion from N21.026 trillion it closed on Friday to N21.009 trillion on Monday.

While the Nigerian Stock Exchange All-Share Index depreciated by 0.08 percent to 40,154.09 index points, down from 40,186.70 index points recorded on Friday.

Afriprud led the losers’ chart with a 70 kobo or a 9.59 percent decline. See the details below.

Top Losers

Symbols Last Close Current Change %Change
FRIPRUD N7.3 N6.6 -0.7 -9.59%
LASACO N1.68 N1.52 -0.16 -9.52%
NIGERINS N0.23 N0.21 -0.02 -8.70%
WAPCO N25 N23 -2 -8.00%
REDSTAREX N3.37 N3.12 -0.25 -7.42%

Top Gainers

Symbols Last Close Current Change %Change
UPDCREIT N5.35 N5.85 0.5 9.35%
CHIPLC N0.33 N0.36 0.03 9.09%
ACADEMY N0.35 N0.38 0.03 8.57%
CORNERST N0.64 N0.69 0.05 7.81%
UPL N1.2 N1.29 0.09 7.50%

Top Trades

Symbols Volume Value
FBNH 57,556,050 N419,712,708.70
UCAP 27,443,887 N167,340,384.50
GUARANTY 26,846,793 N820,545,362.40
UBA 25,197,443 N210,949,731.80
ZENITHBANK 21,749,034 N540,276,662.40

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Nigerian Stock Exchange

Equities Market Sustained Bearish Run Last Week

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Nigerian Stock Exchange

Equities Market Sustained Bearish Run Last Week

Nigerian equities market sustained a bearish run last week as investors continue to sell their holdings.

Investors traded 1.541 billion shares worth N18.235 billion in 22,752 deals during the week, against a total of 2.683 billion shares valued at N23.662 billion that exchanged hands in the previous week in 27,844 deals.

In terms of volume traded, the financial services industry led with 1.099 billion shares valued at N11.110 billion traded in 12,544 deals. Therefore, contributing 71.35 percent and 60.92 percent to the total equity turnover volume and value, respectively.

This was followed by Consumer Goods Industry with 133.156 million shares worth N2.327 billion in 3,941 deals.

In third place was Conglomerates Industry with a turnover of 121.143 million shares worth N263.219 million in 839 deals.

First Bank Holding Plc, Guaranty Trust Bank Plc and Zenith Bank Plc were the three most traded equities in terms of volume, accounting for a combined 553.512 million shares worth N8.931 billion traded in 5,132 deals, contributing 35.92 percent and 48.98 percent to the total equity turnover volume and value, respectively.

The NSE-Share Index depreciated by 0.63 percent to settle at 40,186.70 index points, while the market capitalisation of listed equities declined by 0.61 percent to close at N21.026 trillion.

Monthly returns stood at -5.25 percent and yearly returns stood at -0.21.

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