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Nigerian Stock Exchange

Honeywell Flour Stock Set a New 52-Week High at N2.47 a Share



Honeywell Flour Mill Factory - Investors King

Honeywell Flour Mill Plc extended its bullish run on Tuesday as the company led stock gainers with N0.22 or 9.78 percent gain to set a new 52-week high of N2.47 a share.

The company’s stock opened the day at N2.25 a share and closed at N2.47.

On August 9, 2021, the price of Honeywell Flour Mill was N1.6 a share when 9,020,791.00 shares were traded. The price jumped to N1.87 a unit on August 12 when an unusual transaction volume of 384,071,393.00 shares was recorded in a move that suggested yet to be disclosed insider dealing or dealings.

To put this in perspective, Honeywell Flour Mill investors traded a combined 29,840,068 shares of the company in four days (Monday, Tuesday, Wednesday and Friday) but on Thursday 384,071,393.00 shares of the company were transacted.

Also, it is important to note that before the 384,071,393.00 trading volume, the price of Honeywell Flour Mill has been rising. Suggesting that there were likely underlying factors – from insiders – fueling activities on the company’s stock.

Since then the price of the stock has been rising despite stock investors asking factors responsible for the recent jump in the price of the stock.

Investors King had reported that Honeywell Flour Mill gained 28.13 percent or N0.45 to N2.05 a share last week to top gainers for the week.

The stock has now gained 54.4 percent since August 9, 2021.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.

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Nigerian Stock Exchange

Stanbic Africa Holdings Limited Renews Confidence in Stanbic IBTC, Invests Additional N410.595 Million



Stanbic IBTC Bank logo - Investors King

Stanbic Africa Holdings Limited, a significant shareholder of Stanbic IBTC Holdings Plc, in a show of confidence has invested an additional N410,594,646.7 in Stanbic IBTC Holdings Plc.

The lender disclosed in a statement signed by Chidi Okezie, Company Secretary and obtained by Investors King.

Stanbic Africa Holdings Limited invested the amount in stocks of Stanbic IBTC Holdings Plc in two transactions last week.

Earlier in the week, on September 13, 2021, Stanbic Africa Holdings Limited purchased 5,000,000 units of Stanbic IBTC shares at N38.88 a unit or invested N194,400,000 in stocks of Stanbic IBTC.

On September 14, 2021, another 5,557,703 units of Stanbic IBTC shares were acquired at N38.90 a unit or invested another N216,194,646.7 in stocks of Stanbic IBTC. Therefore, a total sum of N410,594,646.7 was invested in Stanbic IBTC Holdings Plc last week.

The disclosure was in line with the Nigerian Exchange Limited’s insider dealing disclosure policy instituted to foster transparency across the exchange.

Stanbic Africa Holdings Limited is a Private limited with Share Capital company based in 20 GRESHAM STREET, LONDON LONDON, United Kingdom.

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Nigerian Stock Exchange

Stock Market Returns to Bullish Trend, Gained N11 Billion Last Week



Stock Bull - Investors King

The Nigerian Exchange Limited (NGX) returned to the green zone last week following two consecutive weeks of decline.

Investors exchanged 856.289 million shares worth N10.752 billion in 15,663 deals during the week, in contrast to a total of 1.426 billion shares valued at N13.073 billion that exchanged hands in 19,315 transaction in the previous week.

In terms of volume traded, the financial services industry led the activity table with 583.038
million shares valued at N3.971 billion traded in 7,894 deals. Therefore, contributing 68.09 percent and 36.93 percent to the total equity turnover volume and value, respectively.

In the second place was the consumer goods industry that followed with 62.961 million shares worth N3.197 billion that were traded in 2,579 deals. The ICT Industry came third with a turnover of 45.745 million shares worth N1.646 billion in 775 transactions.

Access Bank Plc, Universal Insurance Plc and Wema Bank Plc were the three most traded stocks last week, accounting for a combined 211.151 million shares worth N789.843 million in 1,403 deals and contributed 24.66 percent and 7.35 percent to the total equity turnover volume and value, respectively.

NGX All-share Index gained 22.09 index points or 0.06 percent to 38,943.87 index points last week, up from 38,921.78 it traded in the previous week. The market value of all listed equities expanded by N11 billion or 0.05 percent from N20.279 trillion it closed in the previous week to N20.290 trillion last week.

Similarly, all other indices finished higher with the exception of NGX Banking, NGX Insurance, NGX MERI Growth, NGX Consumer Goods, NGX Oil/Gas and NGX Industrial Goods indices which depreciated by 0.79 percent, 0.58 percent, 0.12 percent, 0.21 percent, 3.35 percent and 0.24 percent, respectively. While the NGX ASeM, NGX Growth and NGX Sovereign Bond Indices closed flat.

The Exchange has now gained 2.73 percent in the third quarter but declined by 0.70 percent in month of September to bring year to date return to – 3.29 percent.

Top 10 Price Decliners


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Nigerian Stock Exchange

NGX Returns to Red Zone Following Two Days of Consecutive Gains



stock market - Investors King

The Nigerian Exchange Limited (NGX) returned to the red zone on Thursday following two days of consecutive gains. 

Investors traded 130,202,679 shares worth N1.427 billion in 2,962 transactions during the trading hours of Thursday, against 141,407,914 shares valued at N2.973 billion traded in 3,079 transactions on Wednesday.

Market value dipped by N30 billion to N20.273 trilllion from N20.303 trillion it closed on Wednesday while the NGX All-Share Index depreciated by 0.15 percent to settle at 38,911.31 index points, down from 38,968.34 index points recorded on Wednesday.

Unity Bank led gainers with N0.05 or 9.62 percent to close at N0.57 a share. FTNCocoa followed by N0.04 or 8.70 percent to settle at N0.50 per share. See the details below.

Top Gainers

Symbols Last Close Current Change %Change
UNITYBNK N 0.52 N 0.57 0.05 9.62 %
FTNCOCOA N 0.46 N 0.50 0.04 8.70 %
CORNERST N 0.48 N 0.52 0.04 8.33 %
CHAMS N 0.20 N 0.21 0.01 5.00 %
SOVRENINS N 0.24 N 0.25 0.01 4.17 %

Top Losers

ymbols Last Close Current Change %Change
ETERNA N 7.20 N 6.52 -0.68 -9.44 %
SCOA N 1.17 N 1.06 -0.11 -9.40 %
INTBREW N 5.00 N 4.80 -0.20 -4.00 %
HONYFLOUR N 4.07 N 3.91 -0.16 -3.93 %
UBN N 5.00 N 4.85 -0.15 -3.00 %

Top Trades

Symbols Volume Value
ACCESS 24776258.00 230255009.65
UNIVINSURE 15265888.00 3053177.60
ZENITHBANK 8491361.00 200665488.55
GTCO 6753768.00 182783559.00
JAPAULGOLD 5985308.00 2992593.68

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