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.
Stock Investors Gained N238 Billion as NGX Index Rises by 1.10 Percent
Investors at the Nigerian Exchange Limited (NGX) gained another N238 billion on Thursday following a profit of N53 billion on Wednesday.
Market value of all listed equities closed at N21.764 trillion, an increase of N238 billion when compared to N21.526 trillion it closed on Wednesday.
NGX All-Share Index appreciated by 1.10 percent from 41,249.71 index points on Wednesday to 41,704.11 index points on Thursday.
Investors exchanged 216,194,624 shares valued at N3.381 billion in 4,272 transactions during the trading hours of Thursday, in contrast to 499,507,983 shares worth N5.079 billion transacted in 5,998 deals on Wednesday.
Cutix led gainers with N0.5 or 10 percent to close at N5.50 a unit. NGX Group sustained its bullish run with N2.10 or 9.79 percent to close at N23.55 percent as shown below.
|CUTIX||N 5.00||N 5.50||0.50||10.00 %|
|NGXGROUP||N 21.45||N 23.55||2.10||9.79 %|
|CHIPLC||N 0.55||N 0.60||0.05||9.09 %|
|NB||N 47.90||N 51.45||3.55||7.41 %|
|BUACEMENT||N 67.85||N 72.00||4.15||6.12 %|
|TIP||N 0.47||N 0.43||-0.04||-8.51 %|
|NEIMETH||N 1.85||N 1.76||-0.09||-4.86 %|
|UNIVINSURE||N 0.21||N 0.20||-0.01||-4.76 %|
|NAHCO||N 3.60||N 3.47||-0.13||-3.61 %|
|UNITYBNK||N 0.57||N 0.55||-0.02||-3.51 %|
Nigerian Exchange Group (NGXGROUP) Hits N23.55 a Share as Stock Market Gained N53 Billion
The Nigerian Exchange Group (NGXGROUP) extended its bullish run on Wednesday to top gainers for the third consecutive day since it was listed on Friday.
NGXGROUP opened the day at N19.50 a share before setting a new record-high at N23.55 per unit and gradually paring gain to N21.45.
During the trading hours of Wednesday, investors traded total shares of 499,507,983 valued at N5.079 billion in 5,998 transactions.
The Nigerian Exchange Limited All-Share Index gained 0.26 percent to close at 41,249.71 index points, while the market value of all listed equities expanded by N53 billion to N21.526 trillion, up from N21.473 trillion it closed on Monday.
Again, FBN Holdings led the most traded stocks with 147,601,710 shares valued at N1,756,369,828.65. See other details below.
|NGXGROUP||N 19.50||N 21.45||1.95||10.00 %|
|GLAXOSMITH||N 6.55||N 7.00||0.45||6.87 %|
|NPFMCRFBK||N 1.71||N 1.81||0.10||5.85 %|
|WAPIC||N 0.48||N 0.50||0.02||4.17 %|
|FBNH||N 11.75||N 12.20||0.45||3.83 %|
|PRESTIGE||N 0.47||N 0.43||-0.04||-8.51 %|
|CHIPLC||N 0.60||N 0.55||-0.05||-8.33 %|
|ACADEMY||N 0.36||N 0.33||-0.03||-8.33 %|
|CADBURY||N 8.50||N 8.00||-0.50||-5.88 %|
|UBN||N 5.30||N 5.00||-0.30||-5.66 %|
Price of Shares of Nigerian Exchange Group Near N20 a Unit
The recently listed Nigerian Exchange Group (NGXGROUP) extended gains to N19.5 per share as more investors keyed into the prospect of the newly created company following the demutualisation of the Nigerian Stock Exchange to reposition the organisation for better growth and opportunities.
The Group listed 1,964,115,918 ordinary shares on the Nigerian Exchange Limited on Friday, 15 October 2021 at N16.15 per share.
On the same day, investors traded 3,562,076.00 shares of the company, pushing the price to N17.75 a share by the close of business.
The price of the stock continues to rise on Monday, hitting N19.5 per as more investors jumped on it. Investors traded 19,000,933 units on Monday.
Nigerian Exchange Group has now gained 20.74 percent in value since being listed on the Nigerian Exchange Limited on Friday.
“The most significant benefit of our listing on the NGX exchange is the ability it gives us to drive inorganic growth as we add new subsidiaries and business lines that complement our business. This new era is indeed very exciting for us and we look forward to many possibilities achievable from deepening our various partnerships,” stated Mr. Oscar Onyema, the Chief Executive of NGX Group.
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