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).
Nigerian Stocks Market Posts Second Decline in 2022
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.
|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 %|
|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 %|
Jaiz Bank, Unity Bank, Others Lead Stock Gainers on Wednesday
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%).
|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 %|
|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 %|
Stock Investors Gained N23 Billion on Monday
Investors in the Nigerian Exchange Limited (NGX) gained N23 billion on Monday to extend year-to-date return to 2.76 percent as 28 stocks closed in the green, against 19 that closed in the red.
Investors exchanged a total of 311,255,714 shares worth N8.642 billion in 5,159 transactions during the trading hours of Monday. The market value of all listed equities appreciated by N23.01 billion from N23.628 trillion it closed on Friday to N23.651 trillion.
While NGX All-Share Index grew by 0.10 percent to 43,897.13 index points, up from 43,854.42 index points it settled on Friday.
Sectorial analysis showed the NGX Banking Index depreciated on UBN (-6.90%), UNITYBNK (-2.00%), WEMABANK (-1.18%) and ZENITHBANK (-0.20%). Gainers were UBA (+3.13%), STERLINGBANK (+1.95%), FIDELITYBK (+1.59%) and ETI (+0.58%).
The NGX Consumer Goods Index shed 5bps on NNFM (-9.66%) and FLOURMILL (-3.10%). Gainers included PZ (+8.53%), VITAFOAM (+3.70%) and HONYFLOUR (+1.45%).
The NGX Oil and Gas Index closed down 58bps on OANDO (-2.95%) and ARDOVA (-2.89%). ETERNA (+3.72%) was a gainer in that sector today.
The NGX Industrial index gained 171bps on DANGCEM (+4.00%) and WAPCO (+0.97%). BUACEMENT (-0.72%) was a loser in that space today.
BUA Foods, the newly listed company, extended gain to N58.50 a unit share, up from N40 per share it was listed on Wednesday. See the details below.
|BUAFOODS||N 53.20||N 58.50||5.30||9.96 %|
|MRS||N 12.35||N 13.55||1.20||9.72 %|
|PZ||N 6.45||N 7.00||0.55||8.53 %|
|AIICO||N 0.78||N 0.84||0.06||7.69 %|
|NPFMCRFBK||N 1.86||N 1.98||0.12||6.45 %|
|NNFM||N 7.25||N 6.55||-0.70||-9.66 %|
|UBN||N 5.80||N 5.40||-0.40||-6.90 %|
|REDSTAREX||N 3.45||N 3.23||-0.22||-6.38 %|
|MTNN||N 197.00||N 185.50||-11.50||-5.84 %|
|SOVRENINS||N 0.26||N 0.25||-0.01||-3.85 %|
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