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Nigerian Stock Exchange

Ebenezer Onyeagwu GMD/CEO Zenith Bank Dumps N112 Million on Zenith Shares

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Ebenezer Onyeagwu - Investors King

The Group Managing Director and Chief Executive Officer, Zenith Bank Plc, Ebenezer Onyeagwu has purchased additional 5 million shares of Zenith Bank.

The leading bank disclosed in a statement issued through the Nigerian Stock Exchange on Monday.

Ebenezer Onyeagwu purchased the 5 million shares in four different transactions on Friday, March 19, 2021.

The GMD/CEO acquired 2 million shares at N22.25 a share before adding another 1 million shares at N22.30 per share on the same day.

He then increased his holdings by another 1.5 million shares of the bank at N22.60 a unit.

Finally, he bought 500,000 shares at N22.65 per unit to take the total purchase for that day to 5 million at an average price of N22.41 and valuation of N112.050 million.

Recently, executives at Zenith Bank have been dumping millions on the company’s share in a robust insider trading.

In December 2020, Temitope Fasoranti, an executive director of the bank, bought 1 million shares at N23.65 million valuation while another executive Dennis Olisa dumped another N53.6 million on 2 million shares of Zenith Bank on February 24, 2021.

These transactions were carried out ahead of the bank’s 2020 dividend declaration. The shareholders of the bank approved a final dividend of N2.70k for the year, this means Dennis Olisa will pocket an additional N5.4 million while Fasoranti will take home an extra N2.7 million.

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

NGX Opens the Week in Red

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Stock Bull - Investors King

The Nigerian Exchange Limited (NGX) All-Share Index open the new week in the red as 21 stocks lost points against 14 stocks that gained.

Investors exchanged 213,126,324 shares worth N2.359 billion in 4,105 transactions during the trading hours of Monday. NGX All-Share index depreciated by 0.09 percent to 43,270.94 index points while the market value of all listed equities dipped to N22.5 trillion.

Sectorial performance showed, the NGX Banking Index lost 18bps on FIDELITYBK (-1.57%), UBA (-1.23%) and ZENITHBANK (-0.62%).  Gainers were UNITYBNK (+1.92%), ACCESS (+1.11%) and UBN (+1.04%).

The NGX Consumer Goods Index closed down 23bps on INTBREW (-4.00%), PZ (-1.64%), and FLOURMILL (-0.34%).  Gainers were VITAFOAM (+1.86%) and HONYFLOUR (+1.01%).

The NGX Oil and Gas Index lost 56bps on OANDO (-2.78%) and the NGX Industrial index closed flat. See other details below.

Top Gainers

Symbols Last Close Current Change %Change
AIICO N 0.70 N 0.76 0.06 8.57 %
LIVINGTRUST N 0.88 N 0.95 0.07 7.95 %
VERITASKAP N 0.21 N 0.22 0.01 4.76 %
ABCTRANS N 0.33 N 0.34 0.01 3.03 %
COURTVILLE N 0.39 N 0.40 0.01 2.56 %

Top Losers

Symbols Last Close Current Change %Change
UPDC N 1.31 N 1.18 -0.13 -9.92 %
UPDCREIT N 5.05 N 4.55 -0.50 -9.90 %
CHIPLC N 0.55 N 0.51 -0.04 -7.27 %
REGALINS N 0.42 N 0.40 -0.02 -4.76 %
WAPIC N 0.50 N 0.48 -0.02 -4.00 %

Top Trades

Symbols Volume Value
FCMB 58454159.00 179917656.01
AIICO 13506766.00 10386849.32
ZENITHBANK 12777540.00 308695312.45
GTCO 12388518.00 309673484.65
ACCESS 10902798.00 98519241.15

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Nigerian Stock Exchange

Nigerian Stock Market Continues to Decline

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Stock - Investors King

Nigerian equities market declined for a third consecutive day on Thursday as 24 stocks closed in the red against 14 stocks that gain.

Investors traded 266,115,101 shares worth N4.216 billion during the trading hours of Thursday, against 243,185,049 shares valued at N3.747 billion that were transacted in 3,777 deals on Wednesday.

Market value dipped by N71 billion to N22.494 trillion, down from N22.565 trillion recorded on Wednesday. The Nigerian Exchange Limited All-Share Index lost 0.32 percent to 43,108.77 index points.

Sectorial analysis showed the banking industry closed in the red after losing 116 basis points on the back of a broad decline in ETI, Unity Bank and Union Bank of Nigeria Plc. Jaiz Bank and Fidelity Bank recorded gains.

Also, the consumer industry lost 106 basis points on a decline in Nigerian Breweries, Interbrew and Cadbury. Honeywell Flour led gainers with +9.76 percent.

Oil and gas and industrial industries shed 164 basis points and 1 basis point respectively. The Exchange year-to-date return depreciated by 7.05 percent.

Top Gainers

HONYFLOUR N 3.69 N 4.05 0.36 9.76 %
AIICO N 0.59 N 0.64 0.05 8.47 %
REGALINS N 0.36 N 0.39 0.03 8.33 %
UPL N 2.50 N 2.70 0.20 8.00 %
IKEJAHOTEL N 1.25 N 1.35 0.10 8.00 %

Top Losers

Symbols Last Close Current Change %Change
MRS N 15.20 N 13.70 -1.50 -9.87 %
CHAMS N 0.23 N 0.21 -0.02 -8.70 %
ETI N 8.75 N 8.00 -0.75 -8.57 %
CHIPLC N 0.62 N 0.57 -0.05 -8.06 %
UNITYBNK N 0.55 N 0.51 -0.04 -7.27 %

Top Trades

Symbols Volume Value
HONYFLOUR 52467164.00 209572149.51
GTCO 22957965.00 578561871.30
ZENITHBANK 22886054.00 559037845.90
TRANSCORP 18464628.00 17727984.83
ACCESS 13938330.00 127370154.95

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Nigerian Stock Exchange

Stock Market Extends Decline on Wednesday

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stock market - Investors King

Nigerian stock market extended decline for a second consecutive day on Wednesday despite 23 stocks closing in the green against 18 stocks that lost.

Investors exchanged 243,185,049 shares valued at N3.747 billion in 3,777 transactions on Wednesday, against 217,972,819 shares valued at N2.908 billion that were traded in 4,158 deals on Tuesday.

Market value dipped by N12 billion from N22.577 trillion recorded on Tuesday to N22.565 trillion on Wednesday while the All-Share Index sheds 0.02 percent to close at 43,245.02 index points.

The banking sector gained 25 basis points on positive close of Fidelity Bank, Zenith Bank, Sterling. Wema Bank and Access Bank both closed in the red.

The consumer goods sector also gained, expanding by 9 basis points on Unilever, Dangote Sugar, Flour Mill and Nestle. Honeyflour and Intbrew shed 9.78 percent and 1.87 percent, respectively.

The oil and gas sector lost 24 basis points amid the US decision to increase the global oil supply from its reserve. Industrial index gained 13 basis points. See other details below.

Top Five Gainers

Symbols Last Close Current Change %Change
LIVINGTRUST N 0.80 N 0.88 0.08 10.00 %
CHAMS N 0.21 N 0.23 0.02 9.52 %
AIICO N 0.54 N 0.59 0.05 9.26 %
IKEJAHOTEL N 1.15 N 1.25 0.10 8.70 %
NGXGROUP N 15.30 N 16.50 1.20 7.84 %

Top Losers

Symbols Last Close Current Change %Change
HONYFLOUR N 4.09 N 3.69 -0.40 -9.78 %
ETERNA N 6.65 N 6.05 -0.60 -9.02 %
REGALINS N 0.39 N 0.36 -0.03 -7.69 %
CORNERST N 0.56 N 0.52 -0.04 -7.14 %
WEMABANK N 0.83 N 0.80 -0.03 -3.61 %

Top Trades

Symbols Volume Value
ZENITHBANK 37408414.00 908424015.70
FCMB 27441157.00 88579395.67
HONYFLOUR 22855614.00 87590297.99
STERLNBANK 22764324.00 33695488.59
ACCESS 14118422.00 131893588.25

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