Connect with us

Nigerian Stock Exchange

Oscar N. Onyema, CEO NSE, Completes Tenure

Published

on

CEO of the Nigerian Stock Exchange (NSE), Mr

Oscar N. Onyema, OON has now completed his tenure as the Chief Executive Officer (CEO) of The Nigerian Stock Exchange (NSE or The Exchange). In commemoration of his exemplary leadership, he was honoured with a digital Closing Gong Ceremony on Thursday, 1 April 2021. 

Following the successful demutualisation of The Exchange, Mr. Onyema has transitioned into the Group Chief Executive Officer (GCEO), Nigerian Exchange Group (NGX Group) Plc.

Speaking at the Closing Gong Ceremony, the Chairman, Nigerian Exchange Group (NGX Group) Plc, Otunba Abimbola Ogunbanjo stated, “It is impossible to overstate Oscar Onyema’s contributions to the growth of The Exchange and the development of the capital market in the past ten years. After his first year of leadership, it became evident that his strategic mindset and mastery of Exchange business was what NSE dearly needed to rise to its next level of growth. As anticipated, The Exchange went on to experience significant growth as the years went by, most notable of which is the recent completion of the demutualisation of The Exchange. It has indeed been a pleasure working with him in our time at the NSE and I look forward to our continued journey to greatness in the NGX era.”

On his part, the GCEO, NGX Group Plc, Mr. Oscar N. Onyema, OON noted thus, “I arrived at The Nigerian Stock Exchange when the stock market was in the doldrums, investors’ confidence low, mono-product and the bourse under regulatory administration. With tunnel vision collaboration with stakeholders in the financial system and perseverance, we have been able to surmount almost all of the challenges. I am delighted to have worked with the astute members of the National Council, visionary leaders in the Executive Committee, and an expert crop of staff at The Exchange to have delivered excellent results. We have come a long way from where we used to be and I am excited about the opportunities demutualisation has opened for us in the coming years. I must reiterate my commitment to ensuring that the NGX Group Plc and its subsidiaries deliver on the mandate to become Africa’s leading capital market infrastructure provider. I look forward to deepening partnerships with existing stakeholders and exploring new collaborations locally and globally to bring this to bear.”

The demutualisation of The Exchange has led to the emergence of the Nigerian Exchange Group (NGX Group) Plc and three subsidiaries – Nigerian Exchange (NGX) Limited, NGX Regulation (NGX RegCo) Limited, and NGX Real Estate (NGX RelCo) Limited. Mr. Temi Popoola, CFA will assume the role of CEO, NGX Limited, while Ms. Tinuade Awe will become the CEO, NGX RegCo Limited.

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.

Continue Reading
Comments

Nigerian Stock Exchange

Total, Dangote Cement, Oando Bolster Stock Market on Thursday

Published

on

Nigerian Exchange Limited - Investors King

The Nigerian Exchange Limited closed in the green on Thursday following renewed interest in the shares of Total, Cutix, Oando, Dangote Cement and others.

Investors transacted 203,110,772 shares worth N1.724 billion in 3,969 deals during the trading hours of Thursday.

Market capitalisation of listed stocks improved to N20.104 trillion while the Nigerian Exchange Limited (NGX) All-Share Index rose by 1.67 percent to 38,585.52 index points.

Total led gainers with N16.80 or 10 percent to settle at N184.80 after posting a 1601 percent jump in profit after tax for the first half of 2021. Cutix and Oando trailed Total with 9.77 percent and 9.73 percent, respectively. See the details below.

Top Gainers 

Symbols Last Close Current Change %Change
TOTAL N 168.00 N 184.80 16.80 10.00 %
CUTIX N 3.99 N 4.38 0.39 9.77 %
OANDO N 3.29 N 3.61 0.32 9.73 %
DANGCEM N 230.00 N 248.00 18.00 7.83 %
COURTVILLE N 0.22 N 0.23 0.01 4.55 %

Top Loses

Symbols Last Close Current Change %Change
AIICO N 1.15 N 1.05 -0.10 -8.70 %
SOVRENINS N 0.31 N 0.29 -0.02 -6.45 %
VERITASKAP N 0.25 N 0.24 -0.01 -4.00 %
LIVESTOCK N 1.97 N 1.90 -0.07 -3.55 %
ARDOVA N 15.50 N 15.00 -0.50 -3.23 %

Top Trades

Symbols Volume Value
STERLNBANK 22486587.00 33803335.32
UCAP 16900746.00 115108129.76
FIDELITYBK 14062166.00 33687988.59
WEMABANK 13959610.00 12244069.82
GTCO 13300585.00 392121611.75

Continue Reading

Nigerian Stock Exchange

Stocks Market Extends Decline Last week, Sheds Another N25 Billion

Published

on

Nigerian Stock Exchange - Investors King

The Nigerian Exchange Limited (NGX) extended its decline last week as the bourse depreciated by another N25 billion following a N123 billion decline recorded in the previous week.

Investors traded 1.008 billion shares worth N10.923 billion in 17,297 deals during the week, against a total of 1.348 billion shares valued at N12.140 billion that exchanged hands in 21,581 transactions in the previous week.

In terms of volume traded, the financial services industry led the activity chart with 732.418 million shares valued at N7.213 billion traded in 9,131 deals. Therefore, contributed 72.62 percent and
66.04 percent to the total equity turnover volume and value traded in the week, respectively.

The Conglomerates Industry followed with 52.931 million shares worth N170.271 million in 656 deals. The third place was ICT Industry, with a turnover of 52.716 million shares worth N1.806 billion in 701 deals.

The top three most traded equities were Guaranty Trust Holding Company Plc, United Bank for Africa Plc and Zenith Bank Plc. The three accounted for 261.741 million shares worth N5.813 billion in 3,498 deals and contributed 25.95 percent and 53.22 percent to the total equity turnover volume and value, respectively.

The market valued of all listed equities dipped by 0.12 percent or N25 billion from N19.796 trillion recorded in the previous week to N19.771 trillion last week.

The NGX All-Share Index also depreciated by 0.12 percent or -47.01 index points from 37,994.19 index points posted in the previous week to 37,947.18 last week.

All other indices finished lower with the exception of NGX Banking, NGX AFR Div Yield, NGX MERI Growth, NGX Oil/Gas and NGX Sovereign Bond indices which appreciated by 0.09 percent, 0.32 percent, 0.15 percent, 1.81 percent and 0.64 percent, respectively. While the NGX Premium, NGX ASeM and NGX Growth Indices closed flat.

Nigerian Exchange Limited Top Gainers This Week - Investors King Nigerian Exchange Limited Top Losers - Investors King

Continue Reading

Nigerian Stock Exchange

Equities Market Closed in the Red on Thursday as Sentiment Remains Weak

Published

on

Nigerian Exchange Limited - Investors King

Nigerian equities closed in the red on Thursday amid weak sentiment and market uncertainties ahead of second-quarter reports.

Investors traded 159,996,570 shares valued at N927.859 million in 3,038 transactions, against a total of 197,231,557 shares worth N2.139 billion that were traded in 3,610 deals during the trading hours of Wednesday.

Nigerian Exchange Limited All Share Index declined by 0.01 percent to 37866.90 index points, down from 37872.55 index points it closed on Wednesday.

Market value of all listed stocks shed N3 billion to N19.729 trillion from the N19.732 trillion posted on Wednesday. Sovereign Trust Insurance Plc led gainers with N0.03 or 10 percent to settle at N0.33 a unit. This was followed by FTN Cocoa Processors Plc with N0.04 or 9.76 percent gain to close at N0.45 a unit.

Top Gainers 

Symbols Last Close Current Change %Change
SOVRENINS N 0.30 N 0.33 0.03 10.00 %
FTNCOCOA N 0.41 N 0.45 0.04 9.76 %
CWG N 1.14 N 1.25 0.11 9.65 %
AIICO N 1.05 N 1.15 0.10 9.52 %
REDSTAREX N 3.11 N 3.36 0.25 8.04 %

Top Losers

Symbols Last Close Current Change %Change
IKEJAHOTEL N 1.40 N 1.27 -0.13 -9.29 %
UPDC N 1.43 N 1.30 -0.13 -9.09 %
WAPIC N 0.59 N 0.54 -0.05 -8.47 %
UPL N 1.52 N 1.41 -0.11 -7.24 %
UNITYBNK N 0.63 N 0.59 -0.04 -6.35 %

Top Trades

Symbols Volume Value
SOVRENINS 14947150.00 4754145.00
FIDELITYBK 13481121.00 32158682.94
WAPIC 11955955.00 6496592.60
UPDC 11244793.00 15263275.00
COURTVILLE 9810313.00 2168371.99

Continue Reading




Advertisement
Advertisement
Advertisement

Trending