Nigerian Exchange Limited
Dangote Sugar, Stanbic, Others Closed in Red as an Anonymous Investor Dumps N29 Billion on Dangote Cement
Stocks of Dangote Sugar, Stanbic Bank, Ardova, FCMB and others led the Nigerian Exchange Limited (NGX) decline on Thursday despite the bourse extending its this year gains to 7.45 percent.
The market value of all listed stocks gained N248 billion from N24.477 trillion it closed on Wednesday to N24.725 trillion on Thursday. The NGX All-Share Index appreciated by 1.01 percent on Wednesday after posting a 1.73 percent gain on Tuesday to close at 45,890.52 index points.
Activity at the exchange rose to a record-high as investors traded 873,492,331 shares valued at N31.542 billion in 4,342 transactions, more than 300 percent of 252,938,074 shares worth N8.9255 billion that exchanged hands in 4,218 deals on Wednesday.
The increase was a result of jumped in Dangote Cement activity level. Investor or group of investors, likely in insider dealings – expected to be announced soon, transacted 102,917,075 shares of Dangote Cement valued at N28.779 billion. The transaction accounted for 91.24 percent of the total N31.542 billion traded on Thursday.
Breaking down the performance of each sector, the banking industry index appreciated by 36 basis points (bps) on the back of an increase in value of Jaiz Bank (+6.35%), Unity Bank (+6.25%), Sterling Bank (+0.64%), UBA (+0.61%), Access Bank (+0.51%) and Zenith Bank (+0.19%).
Similarly, the industrial index appreciated by 272 basis points (bps) on 5.52 percent gain in Dangote Cement, the most capitalised Nigeria’s listed company. WAPCO lost 0.39 percent points.
The consumer goods sector was weighed upon by a 2.74 percent decline in Dangote Sugar, 1.49 percent decline in the value of Honey Flour and 1.25 percent drop in Champion. However, NNFM, Cadbury and Interbrew posted gains.
Despite the jump in the value of global oil prices to over $90 a barrel this week, the Nigerian oil sector shed 9 bps on a 2.60 percent decline recorded by Ardova. See the details of top gainers and losers below.
Top Gainers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| NNFM | N 6.55 | N 7.20 | 0.65 | 9.92 % |
| LEARNAFRCA | N 1.18 | N 1.29 | 0.11 | 9.32 % |
| CADBURY | N 8.80 | N 9.50 | 0.70 | 7.95 % |
| LINKASSURE | N 0.53 | N 0.57 | 0.04 | 7.55 % |
| JAIZBANK | N 0.63 | N 0.67 | 0.04 | 6.35 % |
Top Losers
| Symbols | Last Close | Current | Change | %Change |
|---|---|---|---|---|
| DANGSUGAR | N 18.25 | N 17.75 | -0.50 | -2.74 % |
| STANBIC | N 37.00 | N 36.00 | -1.00 | -2.70 % |
| ARDOVA | N 13.45 | N 13.10 | -0.35 | -2.60 % |
| FCMB | N 3.00 | N 2.95 | -0.05 | -1.67 % |
| HONYFLOUR | N 3.35 | N 3.30 | -0.05 | -1.49 % |
Top Trades
| Symbols | Volume | Value |
|---|---|---|
| CWG | 517576289.00 | 300194247.62 |
| DANGCEM | 102917075.00 | 28779893991.30 |
| FBNH | 54041026.00 | 647958220.70 |
| TRANSCORP | 34103184.00 | 34704157.60 |
| SOVRENINS | 20985290.00 | 4886794.70 |