NGX Regulation Limited (NGX RegCo), the independent regulatory arm of Nigerian Exchange Group, has published its supervision priorities for 2021 on Wednesday, 14 April 2021.
To ensure a fair and orderly market, the supervision priorities provide guidance to Trading License Holders (TLHs) of the Exchange, the investing public, and other stakeholders and are underpinned by business practices considered to be of market wide interest. The 2021 Supervision Priorities can be accessed here.
According to the Chief Executive Officer, NGX RegCo, Ms. Tinuade Awe, “The priority document provides an insight into the performance of TLHs with regards to previous areas of regulatory concerns and observed emerging trends. Some of these include the increased dependence of TLHs on virtual communication and trading channels occasioned by the COVID-19 pandemic, as well as new market trends as it relates to new laws, regulation, and rules. Our supervisory programs have, therefore, been reevaluated to introduce various initiatives designed to deal with the present challenges, including issuing statements, developing dialogue platforms for regulatory updates and providing assistance through regulatory arrangements that seek to cushion the financial and operational effects of regulatory activity on the businesses of our stakeholders as appropriate”.
This year, NGX RegCo will focus primarily on nineteen (19) areas of regulatory concerns organised into four (4) broad categories:
- Market Integrity
- Emerging Trends
Stock Investors Gained N25 Billion on Wednesday
Investors that invested in the Nigerian Exchange Limited (NGX) gained N25 billion on Wednesday as more stocks closed in the green.
Investors traded 141,407,914 shares valued at N2.973 billion in 3,079 transactions during the trading hours of Wednesday, contrast to 228,479,010 shares valued at N1.879 billion that exchanged hands in 3,376 deals on Tuesday.
Market value grew by N25 billion from N20.278 trillion it closed on Tuesday to N20.303 trillion on Wednesday, while the NGX All-Share Index appreciated by 0.12 percent to 38,968.34 index points, up from 38,920.5 index points.
UPDC Plc led gainers for second consecutive day with N0.16 or 9.64 percent to close at N1.82 per share. While N Nig. Flour Mills Plc followed with N0.70 or 9.59 percent to settle at N8 a unit. See the details below.
|UPDC||N 1.66||N 1.82||0.16||9.64 %|
|NNFM||N 7.30||N 8.00||0.70||9.59 %|
|OANDO||N 4.35||N 4.62||0.27||6.21 %|
|LEARNAFRCA||N 1.36||N 1.44||0.08||5.88 %|
|HONYFLOUR||N 3.92||N 4.07||0.15||3.83 %|
|TRANSCOHOT||N 5.00||N 4.50||-0.50||-10.00 %|
|CHIPLC||N 0.53||N 0.48||-0.05||-9.43 %|
|PRESTIGE||N 0.48||N 0.44||-0.04||-8.33 %|
|CHAMPION||N 2.08||N 1.91||-0.17||-8.17 %|
|LASACO||N 1.30||N 1.20||-0.10||-7.69 %|
Nigerian Exchange Limited Closes Slightly in Green on Tuesday Following Weeks of Bearish Trend
The Nigerian Exchange Limited (NGX) rebounded slightly from bearish trends on Tuesday as investors gained N2 billion after weeks of trading in the red.
Market value of all stocks rose to N20.278 trillion on Tuesday, up by N2 billion from N20.276 trillion recorded on Monday. While the NGX All-Share Index gained 0.01 to close at 38,920.5 index points from 38,915.62 index points it settled on Monday.
Investors transacted 228,479,010 shares valued at N1.879 billion in 3,376 deals during the trading hours of Tuesday, against 201,103,282 shares worth N2.526 billion that exchanged hands in 3,340 transactions on Monday.
UPDC Plc led gainers with N0.15 or 9.93 percent to close the day at N1.66 a share while Academy Press Plc followed with N0.03 or 8.33 gain to settle at N0.39 a unit.
Investors renewed interest in Wema Bank as a total of 46,760,667.00 shares valued at N35,973,004.78 were traded during on Tuesday. Access Bank came second with 28239839.00 shares worth N263,494,888.05
|UPDC||N 1.51||N 1.66||0.15||9.93 %|
|ACADEMY||N 0.36||N 0.39||0.03||8.33 %|
|COURTVILLE||N 0.27||N 0.29||0.02||7.41 %|
|VITAFOAM||N 16.75||N 17.40||0.65||3.88 %|
|LIVESTOCK||N 2.08||N 2.14||0.06||2.88 %|
|SOVRENINS||N 0.27||N 0.25||-0.02||-7.41 %|
|UPL||N 1.09||N 1.02||-0.07||-6.42 %|
|REGALINS||N 0.48||N 0.45||-0.03||-6.25 %|
|UACN||N 10.30||N 9.80||-0.50||-4.85 %|
|CHAMS||N 0.22||N 0.21||-0.01||-4.55 %|
Stock Market Dips Marginally on Monday, Investors Lose N3 Billion
The Nigerian Exchange Limited (NGX) extended its decline on Monday after losing N177 billion in market value last week.
The market capitalisation of all listed equities depreciated by N3 billion from N20.279 trillion it closed on Friday to N20.276 trillion on Monday. While the NGX All-Share Index declined by 0.02 percent from 38,921.78 index points recorded last week to 38915.62 index points on Monday.
Investors traded 201,103,282 shares worth N2.526 billion in 3,340 transactions during the trading hours of Monday.
In terms of volume traded, Universal Insurance Plc led with 19446846.00 shares valued at N3,889,371.20. Fidelity Bank followed with 19282958.00 shares worth N46,513,270.13. See the details below.
|MORISON||N 1.92||N 2.10||0.18||9.38 %|
|SOVRENINS||N 0.25||N 0.27||0.02||8.00 %|
|LINKASSURE||N 0.57||N 0.60||0.03||5.26 %|
|FIDELITYBK||N 2.30||N 2.40||0.10||4.35 %|
|INTBREW||N 4.80||N 5.00||0.20||4.17 %|
|SCOA||N 1.30||N 1.17||-0.13||-10.00 %|
|ACADEMY||N 0.39||N 0.36||-0.03||-7.69 %|
|UPDC||N 1.61||N 1.51||-0.10||-6.21 %|
|ABCTRANS||N 0.35||N 0.33||-0.02||-5.71 %|
|OANDO||N 4.64||N 4.45||-0.19||-4.09 %|
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