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Insider Dealings: Nestlé S.A. Acquires N4.9B Worth of Nestlé Nigeria Shares In August

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Nestle Nigeria - Investors King

The Swiss multinational food and drink processing conglomerate corporation, Nestlé S.A. the largest shareholder of Nestlé Nigeria Plc has continuously increased its holding, according to the filing with the Nigerian Exchange Group (NGX), the company has acquired a total of 3,541,328 shares of Nestlé Nigeria valued at N4,924,850,144 in the month of August.

On the 2nd of August, 67,292 shares were purchased at N1,399.4421 per share.

43,104, 52,704 and 29,705 shares were purchased on the 4th, 5th and 6th of August at an aggregate price of N1,396 per share, valued at N94,171,258.

12,109 more shares were acquired on the 11th at N1,391.4723 per share and 100,666 shares on the 13th at N1,386.0895 per share, summed N156,531,700

On the 16th and 17th, 339,471 and 1,530,877 shares was bought valued at N2,605,394,674 at N1,393.00 per share.

More shares were scooped on 18th and 19th, 842,439 and 58,448 shares respectively at an aggregate price of N1,400 per share worth 1,261,241,800 in value.

On the 20th and 23rd of the same month, Nestle S.A. acquired 48,795 and 297,539 shares at N1,400 per share worth 484,867,600

The last two dealings for the month were on the 25th and 26th, additional 103,175 and 15,004 shares were bought at shares at an aggregate price of N1,399.80 per share valued at 165,426,964.

Total shares bought by Nestlé S.A. stood at 3,541,328 in 14 transactions.

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Nigerian Stock Exchange

NGX Index Opens the Week in Red, Stock Investors Lose N51 Billion

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stock bear - Investors King

The Nigerian Exchange Limited (NGX) All-Share Index depreciated by 0.25 percent on Monday to settle at 38,864.33 index points, down from 38,962.28 index point recorded on Friday.

Market value of listed equities declined by N51 billion from N20.300 it closed on Friday to N20.249 trillion on Monday.

Investors exchanged 139,453,012 shares worth N1.713 billion in 3,539 transactions during the trading hours of Monday.

University Press Plc led gainers with N0.10 or 9.80 percent to settle at N1.12 a unit while Transcorp Hotels Plc followed with N0.48 or 9.70 percent gain as shown in the table below.

Top 5 Gainers 

Symbols Last Close Current Change %Change
UPL N 1.02 N 1.12 0.10 9.80 %
TRANSCOHOT N 4.95 N 5.43 0.48 9.70 %
COURTVILLE N 0.32 N 0.35 0.03 9.38 %
OANDO N 4.94 N 5.24 0.30 6.07 %
CUTIX N 4.65 N 4.90 0.25 5.38 %

Top 5 Losers

Symbols Last Close Current Change %Change
MANSARD N 3.32 N 2.99 -0.33 -9.94 %
CHAMS N 0.23 N 0.22 -0.01 -4.35 %
SOVRENINS N 0.25 N 0.24 -0.01 -4.00 %
MBENEFIT N 0.30 N 0.29 -0.01 -3.33 %
BUACEMENT N 68.00 N 66.00 -2.00 -2.94 %

Top 5 Trades

Symbols Volume Value
SOVRENINS 19078615.00 4395227.35
FIDELITYBK 11853982.00 29010046.30
GTCO 11146052.00 307075817.00
TRANSCORP 10050568.00 9302308.29
COURTVILLE 7951977.00 2679758.84

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Bonds

$4 Billion Eurobond to Deepen External Reserves, Build Confidence in Medium-term – Ecobank CEO

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Eurobonds - Investorsking

The Cheif Executive Officer and Managing Director of Ecobnak Nigeria, Patrick Akinwuntan, has said the recent $4 billion Eurobond issued by the Federal Government of Nigeria will deepen external reserves and allows more confidence in the medium-term planning in the private sector.

Akinwuntan, who was assessing the global market as Nigeria announced its multibillion dollar Eurobond offering, during an interview on Arise TV in Lagos, said such loans would give a fresh breath to the economy because when the country takes on Euro bond that portion is reduced from its financing or public sector debt.

He advised those approaching the international debt market to have clarity of purpose and state their strengths and weaknesses.

Akinwuntan said the economy is showing strong trends owing to investments in infrastructure such as road and rail transportation, which is giving a lot of positive impact to the economy, adding that the private sector is also making improvements in power sector, telecoms, and information technology.

He said: “In the last two quarters, we have seen the global market rebounding from the very deep end of the COVID-19 that plagued 2020. We have seen, since the arrival of vaccines, the gradual opening of the global economy such that there is much more optimism in the market because we have learnt that shutting down the economy is not the best way to handle an epidemic and we have seen support from sovereigns, ensuring that there is steady growth within the various economies; supply chain has opened and we have seen in sub-Sahara Africa renewed interest in the Eurobond market in the international debt market. We have seen Benin republic, Ghana, Cote d’ivoire and Kenya all are approaching the market with significant success.

“Over subscription in each of them ranges from 200 per cent to 300 per cent and an all-high in Kenya close to 600 per cent or six times over subscription. This is a positive period for major economies like Nigeria, which is the lead economy in Africa, to take advantage and invite the global community to hear our story, invest in us and get good returns.”

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Nigerian Stock Exchange

Equity Investors Gain N10 Billion Last Week

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stock bull - Investors King

Investors at the Nigerian Exchange Limited gained N10 billion last week despite losing for three consecutive days.

Investors traded 1.290 billion shares worth N13.921 billion in 16,745 deals on the floor of the Exchange, in contrast to a total of 856.289 million shares valued at N10.752 billion that exchanged hands in 15,663 transactions in the previous week.

In terms of volume traded, the Financial Services Industry led the activity chart with 978.172 million shares valued at N8.300 billion traded in 8,716 deals. Therefore, contributing 75.80 percent and 59.62 percent to the total equity turnover volume and value respectively.

The Consumer Goods Industry followed with 62.006 million shares worth N1.187 billion in 2,546 deals. In the third place
was Conglomerates Industry, with a turnover of 49.055 million shares worth N126.288 million in 589 deals.

FBN Holdings Plc, United Bank For Africa Plc and Guaranty Trust Holding Company Plc were the three most traded equities, accounting for a combined 626.958 million shares worth N5.766 billion in 2,526 transactions and contributed 48.58 percent and 41.42 percent to the total equity turnover volume and value, respectively.

The NGX All-Share Index appreciated by 18.41 index points or 0.05 percent from 38,943.87 index points recorded in the previous week to 38,962.28 index point last week. Market Capitalization also appreciated by 0.05 percent or N10 billion to close N20.300 trillion, up from N20.290 trillion.

Similarly, all other indices finished higher with the exception of NGX 30, NGX CG, NGX Banking, NGX Pension, NGX-AFR Bank Value, NGX AFR Div Yield, NGX MERI Value and NGX Consumer Goods indices which depreciated by 0.04 percent, 0.36 percent, 0.43 percent, 0.05 percent, 0.72 percent, 0.50 percent, 0.75 percent and 0.04 percent, respectively. While the NGX ASeM, NGX Growth and NGX Sovereign Bond Indices closed flat.

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