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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.

Nigerian Stock Exchange

Equities Investors Lose N63 Billion Last Week

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Stock - Investors King

The Nigerian Exchange Limited (NGX) returned to bearish last week despite strong second-quarter reports from listed companies.

Investors traded total shares of 1.374 billion worth N11.823 billion in 22,982 transactions last week, against a total of 896.174 million shares valued at N5.235 billion that exchanged hands in 11,714 deals in the previous week.

In terms of volume traded, the financial services industry led the activity chart with 715.394 million shares valued at N4.745 billion traded in 10,274 deals. Therefore, contributing 52.06 percent and
40.13 percent to the total equity turnover volume and value, respectively.

The Conglomerates Industry followed with 212.340 million shares worth N517.613 million in 1,060 deals. The third place was Oil and Gas Industry, with a turnover of 153.440 million shares worth N1.597 billion in 3,076 deals.

Transnational Corporation Of Nigeria Plc, Oando Plc and Fidelity Bank Plc were the three most traded equities during the week. The three accounted for 378.863 million shares worth N995.477 million in 2,998 deals, therefore, they contributed a combined 27.57 percent and 8.42 percent to the total equity turnover volume and value, respectively

The NGX All-Share Index declined by 0.31 percent or 120.82 index points from 38,667.90 index points posted in the previous week to 38,547.08 index points last week.

Similarly, market capitalization depreciated by 0.31 percent or N63 billion to close at N20.084 trillion last week, down from N20.147 trillion.

All other indices finished lower with the exception of NGX Premium, NGX Consumer Goods, NGX Oil/Gas and NGX Sovereign Bond indices which appreciated by 0.02 percent, 0.06 percent, 3.84 percent and 1.97 percent respectively, while the NGX ASeM and NGX Growth Indices closed flat.

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Nigerian Stock Exchange

NGX Index Sheds 0.79 Percent on Thursday

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Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited (NGX) Index dipped by 0.79 percent on Thursday to extend its bearish trend to 38484.82 index points.

Investors traded 259.968 million shares worth N1.982 billion in 4,975 transactions during the trading hours of Thursday, against 237,510,446 shares worth N1.882 billion traded in 4,305 transactions during the trading hours of Wednesday. 

Market capitalisation of listed stocks declined by N16 billion from N20.211 trillion recorded on Wednesday to N20.051 trillion on Thursday.

Top Gainers 
Symbols Last Close Current Change %Change
TRIPPLEG N 0.90 N 0.99 0.09 10.00 %
REGALINS N 0.41 N 0.45 0.04 9.76 %
CHIPLC N 0.54 N 0.59 0.05 9.26 %
PRESTIGE N 0.45 N 0.49 0.04 8.89 %
ACADEMY N 0.35 N 0.38 0.03 8.57 %

Top Losers

Symbols Last Close Current Change %Change
OANDO N 5.26 N 4.75 -0.51 -9.70 %
UACN N 11.20 N 10.20 -1.00 -8.93 %
LINKASSURE N 0.65 N 0.60 -0.05 -7.69 %
FTNCOCOA N 0.53 N 0.49 -0.04 -7.55 %
UPDC N 1.26 N 1.19 -0.07 -5.56 %

Top Trades

Symbols Volume Value
OANDO 56252236.00 288491744.30
GTCO 15287119.00 444928298.75
JAIZBANK 14898700.00 9218505.98
FIDELITYBK 14392576.00 34243927.81
WEMABANK 12215080.00 10084097.72

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Nigerian Stock Exchange

Nigerian Exchange Limited (NGX) Dips Slightly on Wednesday

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Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited closed lower on Wednesday as listed companies started releasing their first half of the year financial results. The Nigerian Exchange Limited dipped by 0.03 percent to 38791.03 index points.

Investors traded 237,510,446 shares worth N1.882 billion in 4,305 transactions during the trading hours of Wednesday. While the market capitalisation of listed equities moderated to N20.211 trillion.

Oando led the most traded stocks with 442.901 million shares valued at N232.963 million. This was followed by bank stocks as shown in the table below.

Capital Hotel Plc led gainers with N0.26 or 9.85 percent to close at N2.90 a unit.  This was trailed by Oando as shown in the table below.

Top Gainers

Symbols Last Close Current Change %Change
CAPHOTEL N 2.64 N 2.90 0.26 9.85 %
OANDO N 4.79 N 5.26 0.47 9.81 %
BOCGAS N 8.45 N 9.20 0.75 8.88 %
FTNCOCOA N 0.49 N 0.53 0.04 8.16 %
LIVESTOCK N 2.29 N 2.40 0.11 4.80 %

Top Losers 

Symbols Last Close Current Change %Change
CHIPLC N 0.60 N 0.54 -0.06 -10.00 %
TRIPPLEG N 1.00 N 0.90 -0.10 -10.00 %
PHARMDEKO N 1.21 N 1.09 -0.12 -9.92 %
REGALINS N 0.44 N 0.41 -0.03 -6.82 %
ETERNA N 7.60 N 7.10 -0.50 -6.58 %

Top Trades

Symbols Volume Value
OANDO 44290171.00 232963299.46
UBA 19347045.00 150748119.55
WEMABANK 14241504.00 11875243.28
ACCESS 13291234.00 123732885.50
JAIZBANK 12296486.00 7584191.02

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