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Nigerian Exchange Limited

Nigerian Stock Market Closed 2021 Strong, Gained 1.07 Percent Last Week

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Stock bull - Investors King

The Nigerian Exchange Limited (NGX) posted a strong gain in the last week of 2021 to extend the year-to-date return to 6.07 percent.

In the three-day trading week, investors exchanged 995.361 million shares worth N13.209 billion in 10,264 transactions, in contrast to a total of 965.061 million shares valued at N12.455 billion that exchanged hands in 14,802 deals in the previous week.

The Financial Services Industry led the activity chart with 843.972 million shares valued at N5.885 billion traded in 5,925 deals; thus contributing 84.79 percent and 44.55 percent to the total equity turnover volume and value, respectively. The Conglomerates Industry followed with 46.815 million shares worth N166.702 million in 368 deals.

In third place was The Construction/Real Estate Industry, with a turnover of 27.276 million shares worth N107.509 million in 315 deals.

Jaiz Bank Plc, FBN Holdings Plc, and Zenith Bank Plc accounted for 348.887 million shares worth N 3.4193 billion in 1,552 deals. Therefore, contributed 35.05 percent and 25.88 percent to the total equity turnover volume and value, respectively.

The NGX All-Share Index appreciated by 453.59 index points or 1.07 percent to close the week at 42,716.44 index points, up from 42,262.85 index points. While the market value of all listed equities gained 1.07 percent to settle at N22.297 trillion.

Similarly, all other indices finished higher with the exception of NGX Main Board, NGX Oil/Gas and NGX Industrial Goods Indices which depreciated by 0.84 percent, 1.09 percent and 3.91 percent, respectively while the NGX ASeM Index closed flat.

Thirty-seven equities appreciated in price during the week, higher than Thirty-three equities in the previous week. Twenty-one equities depreciated in price, lower than Twenty five equities in the previous week, while ninety-nine equities remained unchanged similar to ninety-nine equities recorded in the previous week. See top gainers and losers below.

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

Nigerian Stocks Market Posts Second Decline in 2022

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stock bear - Investors King

The Nigerian Exchange Limited (NGX) posted its second decline in 2022 on Thursday as the NGX All-Share Index shed 0.01 percent to close at 44,604.74 index points.

Activity on the Exchange floor was mixed as investors traded 321,753,226 shares worth N3.655 billion in 4,565 transactions during the trading hours of Thursday, against 266,328,204 shares valued at N3.822 billion in 4,502 deals during the trading hours of Wednesday.

Market value of listed equities dipped slightly to N24.032 trillion, down from N24.034 trillion it closed on Wednesday.

Sectorial performance showed the NGX Banking Index gained 7bps on JAIZBANK (+6.06%), STERLNBANK (+0.66%), ETI (+0.58%) and ZENITHBANK (+0.20%). UBN (-1.77%) lost points. While the NGX Consumer Goods Index gained 16bps on INTBREW (+4.04%). Losers were HONYFLOUR (-2.35%) and UNILEVER (-1.49%).

The NGX Oil and Gas and Industrial Indexes closed flat.

The year-to-date return of the Exchange stood at 4.42 percent as 14 stocks closed in the green against a total of 15 stocks that lost points. See the other details below.

Top Gainers 

Symbols Last Close Current Change %Change
TRANSCORP N 1.03 N 1.13 0.10 9.71 %
CHIPLC N 0.63 N 0.68 0.05 7.94 %
REGALINS N 0.42 N 0.45 0.03 7.14 %
JAIZBANK N 0.66 N 0.70 0.04 6.06 %
INTBREW N 4.95 N 5.15 0.20 4.04 %

Top Losers

Symbols Last Close Current Change %Change
NEM N 4.40 N 3.96 -0.44 -10.00 %
CUSTODIAN N 7.90 N 7.15 -0.75 -9.49 %
UACN N 9.60 N 9.10 -0.50 -5.21 %
FTNCOCOA N 0.39 N 0.37 -0.02 -5.13 %
JAPAULGOLD N 0.45 N 0.43 -0.02 -4.44 %

Top Trades

Symbols Volume Value
TRANSCORP 104577412.00 115220278.03
JAIZBANK 66714125.00 45050551.78
MBENEFIT 13746763.00 3754719.34
FBNH 12587856.00 151301248.60
GTCO 10922827.00 277933410.55

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Nigerian Exchange Limited

Alain Francis Nkontchou Invests Almost N1 Billion in Ecobank

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Alain Nkontchou as Chairman Ecobank - Investors King

Alain Francis Nkontchou, Chairman and Non-Executive Director of Ecobank Transnational Incorporated, has dumped almost N972,206,546.2 on shares of Ecobank.

The bank disclosed in a statement signed by Madibinet Cisse, Company Secretary and obtained by Investors King.

Alain Nkontchou purchased 131,379,263 shares at an aggregate price of N7.40 a unit between 1 September 2021 and 20 December 2021 from shares offered for sale in the market at the Nigerian Exchange Limited trading office in Lagos Nigeria.

The disclosure is in line with SEC’s new insider dealing declaration ACT to force transparency policy across the Nigerian capital market.

Alain Nkontchou was appointed as Chairman of Ecobank on June 30, 2021. Prior to joining the bank, Alain Nkontchou is the Managing Partner and co-founder of Enko Capital Management LLP, an asset management company based in London and Johannesburg, which focuses on African investment opportunities.

Mr Nkontchou was an advisor at Laurent Perrier champagne, having been a NonExecutive Director from 1999 to 2009. He was Managing Director of Credit Suisse’s Global Macro Trading Group in London between 1995 and 2008 and also at JP Morgan Chase & Co. in the same capacity.

Between 1989 and 1994, he was with Chemical Bank in Paris and New York, where he became Vice- President, Head of Trading and Sales.

Mr Nkontchou has a track record of business success, having generated significant dollar revenues for each of these top tier institutions. He has an MSc in Electrical Engineering from Supélec and P.M. Curie University, Paris, and an MSc in Finance and Accounting from ESCP (Ecole Supérieure de Commerce de Paris).

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Nigerian Exchange Limited

Jaiz Bank, Unity Bank, Others Lead Stock Gainers on Wednesday

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Stock bull - Investors King

The Nigerian Exchange Limited (NGX) extended gains on Wednesday on the back of a strong positive close in Jaiz Bank, Academy Press Plc, Unity Bank Plc and others.

Investors transacted  266,328,204 shares worth N3.822 billion in 4,502 deals during the trading hours of Wednesday to push the NGX All-Share Index to 44,608.82 index points, an increase of 1.71 percent. The market value of all listed equities crossed N24 trillion to N24.034 trillion.

The Exchange year-to-date improved to 4.43 percent as  24 stocks closed in the red against 15 stocks lost points.

Sectorial performance showed that the NGX Banking Index gained 39bps on JAIZBANK (+10.00%), UNITYBANK (+8.70%), WEMABANK (+2.30%), UBA (+1.23%), FIDELITYBK (+1.18%) and ZENITHBANK (+0.20%). STERLINGBANK (-1.95%) and ETI (-0.58%) lost points.

Similarly, the NGX Consumer Goods Index gained 14bps on CHAMPION (+3.40%), GUINNESS (+2.93%), and PZ (+2.14%). HONYFLOUR (-2.86%) lost points.

The NGX Oil and Gas Index gained 137bps on SEPLAT (+2.99%) and ETERNA (+0.72%). CONOIL (-3.18%) lost points. While the NGX Industrial index gained 306bps on DANGCEM (+6.18%).

Top Gainers

Symbols Last Close Current Change %Change
JAIZBANK N 0.60 N 0.66 0.06 10.00 %
ACADEMY N 0.60 N 0.66 0.06 10.00 %
UNITYBNK N 0.46 N 0.50 0.04 8.70 %
SOVRENINS N 0.24 N 0.26 0.02 8.33 %
MBENEFIT N 0.27 N 0.29 0.02 7.41 %

Top Losers

Symbols Last Close Current Change %Change
CHIPLC N 0.69 N 0.63 -0.06 -8.70 %
REGALINS N 0.46 N 0.42 -0.04 -8.70 %
SUNUASSUR N 0.37 N 0.34 -0.03 -8.11 %
AIICO N 0.81 N 0.78 -0.03 -3.70 %
NEIMETH N 1.86 N 1.80 -0.06 -3.23 %

Top Trades

Symbols Volume Value
TRANSCORP 89018465.00 89873994.14
FBNH 30490813.00 365671267.10
JAIZBANK 14202981.00 8974210.38
STERLNBANK 11694884.00 17701731.69
GTCO 9830679.00 250318990.75

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