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Nigerian Stock Exchange

Stanbic IBTC Leads Stock Gainers With 10 Percent Following N80.939 Billion Profit Declaration for 2020

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global shares

Stanbic IBTC Holdings led gainers across the Nigerian Stock Exchange on Wednesday following a strong financial report.

The leading financial institution gained 9.99 percent or N4.4 to settle at N48.45 per share on Wednesday after it reported N80.939 billion profit for the year ended 31, December 2021.

On Wednesday, investors traded 361.903 million shares valued at N5.702 billion in 4,018 transactions.

The market value of listed stocks gained N198 billion from N20.251 trillion it closed on Tuesday to settle at N20.449 trillion on Wednesday.

While the Nigerian Stock Exchange All-Share Index rose by 0.98 percent to close at 39,085.78 index points, up from 38,704.97 index points on Tuesday.

Union Bank of Nigeria led the most traded stocks with 79,345,892 shares valued at N420,532,556.95. Followed by GTBank’s 72,619,765 shares estimated at N2,259,444,370.75. See the details below.

Top Trades

Symbols Volume Value
UBN 79,345,892 N420,532,556.95
GUARANTY 72,619,765 N2,259,444,370.75
VERITASKAP 50,246,733 N10,525,413.93
EKOCORP 20,000,000 N120,000,000.00
ZENITHBANK 16,674,931 N367,031,175.70

Top Gainers

Symbols Last Close Current Change %Change
STANBIC N44.05 N48.45 4.4 9.99%
NPFMCRFBK N1.77 N1.94 0.17 9.60%
CORNERST N0.56 N0.61 0.05 8.93%
GUINNESS N25.1 N27.3 2.2 8.76%
OANDO N3.11 N3.38 0.27 8.68%

Top Losers

Symbols Last Close Current Change %Change
MRS N13.4 N12.1 -1.3 -9.70%
WAPIC N0.55 N0.5 -0.05 -9.09%
WAPCO N22.5 N20.9 -1.6 -7.11%
AFRIPRUD N5.5 N5.2 -0.3 -5.45%
LIVESTOCK N1.9 N1.81 -0.09 -4.74%

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

Demutualisation: Nigerian Stock Exchange Rebrands to NGX Group

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Nigerian Stock Exchange

The Nigerian Stock Exchange (NSE) on Tuesday announced it has rebranded following the demutualisation the led to the establishment of non-operating holding company NGX Group Plc and its subsidiaries: Nigerian Exchange (NGX) Limited; NGX Regulation (NGX RegCo) Limited, and NGX Real Estate (NGX RelCo) Limited.

Speaking on the development, the Group Chief Executive Officer, NGX Group, Mr. Oscar Onyema, said: “We are very excited about the launch of our new brand identity and website at this pivotal time in our history. Influenced by the dynamism and resilience of our market in both good and challenging times, our new identity, which builds on our rich heritage, reflects who we are today, our ambitions for the future, and our resolve to deliver superior value to our stakeholders. As we step into the NGX era, we remain committed to achieving the highest level of competitiveness, both in African and global capital markets.”

According to Onyema, NGX Group, with the new vibrant and responsive website, will offers an enriched user experience.

Accessible via ngxgroup.com, information about the group and the various subsidiaries are independently situated but featured as one website. With its centralised home page and clearly delineated tabs for each subsidiary, the new site delivers relevant content in a clean and organised way to provide visitors easy access and navigation to all the information they require,” he noted.

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Nigerian Stock Exchange

Hallmark Insurance, Japaul Gold Lead Gainers as Equities Market Closed in Green

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Consolidated Hallmark Insurance Plc and Japaul Gold led gainers on Thursday as the Nigerian Stock Exchange closed in the green.

Investors exchanged 145.332 million shares valued at N1.576 billion in 3,525 transactions during the trading hours of Thursday.

Market value of listed equities inched slightly higher to N20.300 trillion while the Nigerian Stock Exchange All-Share Index gained 0.07 percent to 38,799.83 index points.

Banks’ stocks led the most traded stocks with First Bank of Nigeria Holdings leading with 21,851,331 shares valued at N157,179,233.85. This was followed by GTBank’s 20,500,310 shares estimated at N589,173,071.90. See the details below.

Top Trades

Symbols Volume Value
FBNH 21,851,331 N157,179,233.85
GUARANTY 20,500,310 N589,173,071.90
ZENITHBANK 17,584,133 N379,878,208.55
ACCESS 8,596,059 N68,887,206.60
JAPAULGOLD 7,580,118 N4,339,371.64

Top Gainers

Symbols Last Close Current Change %Change
CHIPLC N0.31 N0.34 0.03 9.68%
JAPAULGOLD N0.53 N0.58 0.05 9.43%
OANDO N3.1 N3.26 0.16 5.16%
AIICO N1.2 N1.26 0.06 5.00%
ZENITHBANK N21 N21.8 0.8 3.81%

Top Losers

Symbols Last Close Current Change %Change
ROYALEX N0.39 N0.36 -0.03 -7.69%
JAIZBANK N0.66 N0.62 -0.04 -6.06%
HONYFLOUR N1.19 N1.13 -0.06 -5.04%
LINKASSURE N0.84 N0.8 -0.04 -4.76%
DAARCOMM N0.21 N0.2 -0.01 -4.76%

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Nigerian Stock Exchange

Delist: 11 Plc Opens Escrow Account to Settle Shareholders

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Mobil Service Station

In a bid to complete its ongoing delisting process and settle shareholders accordingly, 11 Plc, formerly Mobil, has opened an escrow account with Greenwich Registrars and Data Solutions Limited and provided sufficient funds to shareholders, who as of March 15, 2021, have accepted the Exit Consideration of N213.90 per share based on the highest price of N213.90 at which 11 Plc traded in the last 6 months preceding the date of the Annual General Meeting where the resolution to delist was passed in line with the Nigerian Stock Exchange guidelines.

The company said, “Further to the application made to The Exchange by 11 Plc on the Voluntary Delisting of the Company from The Exchange as recommended by the Board of Directors, the Exchange approved the delisting application subject to 11 plc’s evidence of opening an escrow account in the Registrar’s name and evidence that shareholders who have accepted to exit have been paid.

11 Plc attributed the decision to delist from NSE to the need to strategise for better performance, minimise costs, and stay competitive within its industry.

On the escrow account, it said “the consideration accruing to shareholders of 11 plc that elect to accept the Exit Consideration has been computed as of March 15, 2021. The cash consideration will be settled by way of electronic transfer to the respective bank accounts of Shareholders and it is expected to be completed on or before April 16, 2021.

 

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