The Nigerian Exchange Limited (NGX) resumed its bearish trend on Tuesday following a sell-off that outweighed gains and plunge market value by N13 billion.
Investors exchanged 274.852 million shares valued at N2.632 billion in 4,159 transactions during the trading hours of Tuesday.
The value of listed stocks declined by N13 billion from N20.035 trillion it closed on Monday to N20.022 trillion on Tuesday.
Nigerian Exchange Limited All-Share Index depreciated from 38,437.88 index points on Monday to 38,414.37 index points. Morison led gainers as shown below, while Champion led losers with 9.91 percent decline.
|MORISON||N 0.94||N 1.03||0.09||9.57 %|
|WAPIC||N 0.53||N 0.58||0.05||9.43 %|
|UPL||N 1.17||N 1.28||0.11||9.40 %|
|CHIPLC||N 0.66||N 0.72||0.06||9.09 %|
|REGALINS||N 0.45||N 0.49||0.04||8.89 %|
|CHAMPION||N 2.12||N 1.91||-0.21||-9.91 %|
|JOHNHOLT||N 0.63||N 0.58||-0.05||-7.94 %|
|AFRIPRUD||N 6.20||N 5.75||-0.45||-7.26 %|
|HONYFLOUR||N 1.21||N 1.13||-0.08||-6.61 %|
|CHAMS||N 0.21||N 0.20||-0.01||-4.76 %|
Stanbic IBTC Holdings to Release Audited 2021 Half Results in August 2021
Stanbic IBTC Holdings Plc, one of the leading banks in Nigeria, on Wednesday announced its Board of Directors has decided to audit the Half Year Financial Results of the bank.
The bank announced in a statement signed by Chidi Okezie, Company Secretary.
According to the bank, the Audited Results for the Half Year Ended 30 June 2021 will be released not later than 29, August 2021 after the Central Bank of Nigeria has approved it.
The statement reads, “Having duly notified NGX RegCo of this development, the Management of Stanbic IBTC wishes to notify the investing public that the Company will aim to publish its 2021 Audited Half Year Results on or before 29 August 2021 in accordance with the extant Rules of NGX Regulation Limited as cited above.
“Thank you for your understanding. For any enquiry, please contact Chidi Okezie, Group Company Secretary – Email: email@example.com or Idris Toriola, Head Investor Relations – Email: firstname.lastname@example.org; Tel +234 422 8501”
Equities Market Closes in Red on Monday
The Nigerian Exchange Limited extended its bearish trend on Monday as several unclear economic policies continue to dictate market sentiment.
Investors traded 209,212,596 shares estimated at N1.763 billion during the trading hours of Monday.
Market value of listed equities dipped to N20.089 trillion on Monday, while the Nigerian Exchange Limited All-Share Index lost 0.27 percent 38545.30 index points.
Meyer Plc led gainers with 8.77 percent to close at N0.57 a share. This was followed by Champion Brew. Plc with 6.06 percent. See the details below.
|MEYER||N 0.57||N 0.62||0.05||8.77 %|
|CHAMPION||N 1.98||N 2.10||0.12||6.06 %|
|JBERGER||N 19.10||N 20.00||0.90||4.71 %|
|REGALINS||N 0.50||N 0.52||0.02||4.00 %|
|IKEJAHOTEL||N 0.94||N 0.97||0.03||3.19 %|
|FIDSON||N 5.10||N 4.60||-0.50||-9.80 %|
|LASACO||N 1.50||N 1.36||-0.14||-9.33 %|
|FTNCOCOA||N 0.33||N 0.30||-0.03||-9.09 %|
|MBENEFIT||N 0.45||N 0.41||-0.04||-8.89 %|
|CORNERST||N 0.58||N 0.55||-0.03||-5.17 %|
Presco Plc to Hold Emergency Meeting to Recommend Acquisition of Private Company to Shareholders
Presco Plc, an agro-industrial company, has notified shareholders of the company, the Nigerian Exchange Group and the investing public that the Board of Directors of Presco Plc will hold an emergency meeting on Thursday 24th June, 2021 to recommend for the shareholders to consider the acquisition of an existing private company through shares.
The existing private company, according to a statement signed by Patrick Uwadua Esq., Company Secretary, Presco Plc, is in the same line of business with Presco Plc.
Presco said once considered, a resolution will be passed at the company’s next General Meeting to authorise the acquisition of all the shares of the existing private company.
Meanwhile, the company commenced its closed period on today, Wednesday 16 June 2021 until 24 hours after the decisions taken at the Board Meeting are released to the public.
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