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Nigerian Exchange Limited

Peter Mombaur Dumps N239 Million on UACN Shares

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Peter Mombaur - Investors King

Peter Mombaur, a senior investment executive with UAC of Nigeria Plc (UACN) has purchased 22,500,000 shares valued at N238.5 million in the company.

The company stated in a disclosure statement signed by Nkemdirim Agboti, Company Secretary, UAC of Nigeria Plc.

Mombaur purchased the 22,500,000 shares of UACN at N10.6 a unit on May 21, 2021 at the Nigerian Exchange Limited (trading floor) in Lagos, Nigeria. See the details below.

Peter Mombaur Shares Purchase - Investors King

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 Exchange Limited

Stock Investors Gained N526 Billion in Three Days

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stock - Investors King

Investors in the Nigerian Exchange Limited (NGX) have realised a combined N526 billion gain in the last three trading sessions to offset Monday’s decline. The Exchanged, which closed at N23.951 trillion market value on Friday, increased to N24.477 trillion on Wednesday.

On Monday, NGX dipped by N29 billion to N23.922 trillion but quickly rebounded on Tuesday and sustain its expansion on Wednesday on the back of renewed interest in the bourse.

Activity level rose on Wednesday as investors traded 252,938,074 shares worth N8.9255 billion in 4,218 transactions, against 235,233,902 shares worth N1.918 billion that exchanged hands in 4,151 deals on Tuesday.

Breakdown of performance showed the NGX Banking Index appreciated 50bps on the back of improvement in Union Bank of Nigeria (+4.46%), Access Bank (+0.52%) and Zenith Bank (+0.39%). Jaiz Bank (-4.55%), Unity Bank (-2.04%), Wema Bank  (-1.15%) and ETI (-0.56%) lost points.

The NGX Consumer Goods Index shed 2bps on Champion (-1.23%) and Honey Flour (-0.59%).  While the NGX Oil and Gas Index gained 221bps on Seplat (+4.36%) and the NGX Industrial index closed flat.

NGX All-share Index appreciated by 1.73 percent to 45,430.14 index points, up from 44,655.89 index points it closed on Tuesday. While market value rose by N418 billion from N24.059 trillion it settled on Tuesday to N24.477 trillion on Wednesday.

A total of 16 large stocks posted gains, against 17 stocks that closed in the red. The year-to-date return rose to 6.35 percent. See the details of top gainers and losers below.

Top Gainers

Symbols Last Close Current Change %Change
AIRTELAFRI N 1050.50 N 1155.50 105.00 10.00 %
CORNERST N 0.50 N 0.53 0.03 6.00 %
COURTVILLE N 0.38 N 0.40 0.02 5.26 %
UBN N 5.60 N 5.85 0.25 4.46 %
SEPLAT N 690.00 N 720.10 30.10 4.36 %

Top Losers 

Symbols Last Close Current Change %Change
FTNCOCOA N 0.39 N 0.36 -0.03 -7.69 %
CHIPLC N 0.69 N 0.64 -0.05 -7.25 %
REGALINS N 0.45 N 0.42 -0.03 -6.67 %
JAPAULGOLD N 0.42 N 0.40 -0.02 -4.76 %
JAIZBANK N 0.66 N 0.63 -0.03 -4.55 %

Top Trades

Symbols Volume Value
GTCO 25456346.00 649356251.40
DANGCEM 24453030.00 6481353849.00
FBNH 23094320.00 277150098.30
FIDELITYBK 21137645.00 57157543.48
FCMB 12932757.00 38790482.47

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Nigerian Exchange Limited

Nigeria’s Stocks Market Resumes Bullish Run

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Nigerian Exchange Limited - Investors King

Nigeria’s equities market rebounded from Monday’s decline to extend its bullish run for the year by N137 billion on Tuesday.

Investors traded 235,233,902 shares worth N1.918 billion in 4,151 deals during the trading hours of Tuesday, against  214,315,212 shares valued at N2.689 billion that exchanged hands in 4,410 transactions on Monday.

The Nigerian Exchange Limited (NGX) All-Share Index gained 0.58 percent to 44,655.89 index points, up from 44,399.66 index points it settled on Monday. Market value appreciated by N137 billion from N23.922 trillion to N24.059 trillion on Tuesday.

A sectoral breakdown showed that the NGX Banking Index appreciated by 98bps on the back of ETI (+3.45%), Access Bank (+2.11%), Unity Bank(+2.08%), Fidelity Bank (+1.89%), Sterling Bank (+1.29%), and Zenith Bank (+0.78%). Wema Bank and Union Bank closed in the red with -2.25 percent and UBN -0.88 percent, respectively.

The NGX Consumer Goods Index rose by 69bps on 7.35 percent and 0.18 percent gain in Dangote Sugar and Flour Mill, respectively. While the Oil and Gas Index also inched higher by 25 basis points on Eterna and Conoil’s 5.83 percent and 3.05 percent gains.

Berger and BUA Cement bolstered the Industrial Index, the index appreciated by 95bps on 5.84 percent and 2 percent increase from Berger and BUA Cement. WAPCO, however, dragged on the index as it sheds 0.39 percent lost points.

The Exchange year-to-date return rose to 4.54 percent. See top gainers and losers below.

Top Gainers

Symbols Last Close Current Change %Change
SKYAVN N 5.30 N 5.83 0.53 10.00 %
COURTVILLE N 0.35 N 0.38 0.03 8.57 %
FTNCOCOA N 0.36 N 0.39 0.03 8.33 %
DANGSUGAR N 17.00 N 18.25 1.25 7.35 %
BERGER N 7.70 N 8.15 0.45 5.84 %

Top Losers

Symbols Last Close Current Change %Change
NEM N 3.96 N 3.63 -0.33 -8.33 %
SUNUASSUR N 0.34 N 0.32 -0.02 -5.88 %
REGALINS N 0.47 N 0.45 -0.02 -4.26 %
SOVRENINS N 0.25 N 0.24 -0.01 -4.00 %
WAPIC N 0.51 N 0.49 -0.02 -3.92 %

Top Trades

Symbols Volume Value
TRANSCORP 38105416.00 40126119.89
GTCO 18730093.00 476489576.45
JAIZBANK 14987140.00 9819198.86
ETI 14493966.00 126344358.00
FBNH 13419157.00 161060772.90

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Nigerian Exchange Limited

BUA Foods Posts First Loss Since Listed, Stock Investors Lose N29 Billion

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stock bear - Investors King

The Nigerian stock market opened the week in the red as 22 stocks lost points against 16 that gained. The newly listed BUA Foods Plc posted its first loss on Monday, shedding N4.20 or 6.36 percent from N66 per share to N61.80.

Since listed on January 5, 2022, the price of BUA Foods has risen by 65 percent to bolster the net worth of Abdulsamad Rabiu, the company’s major shareholder, by N420.5 billion.

Investors transacted 214,315,212 shares worth N2.689 billion in 4,410 deals during the trading hours of Monday. The market value of listed stocks dipped by N29 billion from N23.951 trillion recorded on Friday to N23.922 trillion on Monday. Market index, NGX All-Share Index depreciated by 0.12 percent to 44,399.66 index points.

Sectorial analysis showed the NGX Banking Index shed 8bps on JAIZBANK (-2.94%), UNITYBNK (-2.04%), STERLNBANK (-1.27%) and UBA (-1.21%). Losers were FIDELITYBK (+1.92%) and ETI (+1.16%).

The NGX Consumer Goods Index gained 20bps on NB (+2.83%) and HONYFLOUR (+0.30%).  INTBREW (-3.88%) and PZ (-2.10%) lost points.

The NGX Oil and Gas Index gained 21bps on ETERNA (+6.95%) and OANDO (+0.42%) while the NGX Industrial index gained 81bps on BUACEM (+2.19%). CUTIX (-2.03%) and WAPCO (-0.78%) lost points.

The Exchange year-to-date return moderated to 3.94 percent from 4.01 percent it closed on Friday. See top gainers and losers below.

Top Gainers

Symbols Last Close Current Change %Change
TIP N 0.40 N 0.44 0.04 10.00 %
SUNUASSUR N 0.31 N 0.34 0.03 9.68 %
ETERNA N 5.61 N 6.00 0.39 6.95 %
WAPIC N 0.48 N 0.51 0.03 6.25 %
CHIPLC N 0.67 N 0.70 0.03 4.48 %

Top Losers

Symbols Last Close Current Change %Change
VERITASKAP N 0.23 N 0.21 -0.02 -8.70 %
MBENEFIT N 0.27 N 0.25 -0.02 -7.41 %
CORNERST N 0.55 N 0.51 -0.04 -7.27 %
BUAFOODS N 66.00 N 61.80 -4.20 -6.36 %
COURTVILLE N 0.37 N 0.35 -0.02 -5.41 %

Top Trades

Symbols Volume Value
TRANSCORP 39347236.00 43050455.73
FBNH 25495680.00 305974260.65
GTCO 24811707.00 625087836.05
ZENITHBANK 20918370.00 532963107.60
FIDELITYBK 10356143.00 27223806.31

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