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Nigerian Exchange Limited

The Nigerian Exchange Sets to Embark on New Strategy to Build on Gains of Demutualization

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Nigerian Exchange Limited - Investors King

As part of the continuous activities by the NGX to improve business operations and processes, the board of the Exchange has approved the implementation of a new strategy aimed at digital transformation, strategic partnerships and customer-centric solutions.

The objective of the strategy is to ensure that the bourse becomes a “LEADER” organization with a focus on deepening the capital market, diversifying products and services, ensuring retail participation and delighting stakeholders across the board as contained in the report by the NGX.

Retrospectively, in 2021, Nigerian Exchange Limited experienced growth in trading figures with the NGX All Share Index returning 6.1% and turnover in the fixed income market increasing by 158% while fixed income figures rose by 12.81 during the year. In the same year, BUA Cement Plc performed the first-ever end-to-end digital transfer of N115,000,000.

In order to effectively consolidate these results, the Board of the Exchange has approved the restructuring of the bourse to efficiently implement its new strategy. As part of the restructuring, the Board has equally approved a change in the organizational structure with the attendant workforce restructuring of the workforce to better position the bourse to deliver competitive value in today’s dynamic technology-driven global capital market which will kick start on March 1, 2022.

By implication, the Exchange will transition from an operational structure of four Divisions, namely, Listings Business, Trading Business, Business Support Services, and Technology Services, to a refreshed operational structure of three Divisions namely: Capital Markets, Digital Technology, and Business Support Services.

In the closing remark, the new strategy is expected to contribute positively to the economy and as well efficiently serve the investors.

What to Expect from the new Strategy

  • The new improvement by the NGX will definitely bring about efficiency of operation and less human error during day to day operational process
  • The NGX is a leading integrated market infrastructure in Africa  and as it moves to the implementation of demutualization this will further increase the NGX competiveness as their market share will tend to grow as foreign investors will be attracted to invest.
  • As for the investor, this will further allow them to participate in the financial gains of the company, make profits through capital gains, and earn more money through dividend

 

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Nigerian Exchange Limited

NGX All-Share Index Depreciated by 0.22% as Investors Lose N64 Billion Last Week

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stock bear - Investors King

The Nigerian Exchange Limited (NGX) shed 0.22% last week despite activity at the bourse increasing over the preceding week.

Investors transacted 3.021 billion shares worth N31.784 billion in 29,153 deals last week, against a total of 1.816 billion shares valued at N27.194 billion that exchanged hands in 36,286 deals in the previous week.

The Financial Services Industry led the activity chart with 2.244 billion shares valued at N12.399 billion traded in 10,817 deals. Therefore, contributing 74.30% and 39.01% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 345.806 million shares worth N558.873 million in 1,676 deals. In third place was The Consumer Goods Industry, with a turnover of 149.009 million shares worth N2.750 billion in 5,632 deals.

FCMB Group Plc, Jaiz Bank Plc and Transnational Corporation Plc were the three most traded stocks in the week. The three equities accounted for a combined 1.698 billion shares worth N4.095 billion that were exchanged in 2,188 deals and contributed 56.21% and 12.88% to the total equity turnover volume and value, respectively.

The NGX All-Share Index depreciated by 0.22% to close the week at 52,979.96 index points, down from 53,098.46  index points posted in the previous week. The market value of all listed equities declined by N64 Billion from N28.626 trillion recorded in the previous week to N28.562 trillion last week. The year-t0-date return moderated to 24.03%.

Similarly, all other indices finished lower with the exception of NGX-Main Board, NGX Insurance, NGX MERI Growth and NGX Oil/Gas indices which appreciated at 1.60%, 3.63%, 0.14% and 0.30% while, NGX Asem index and NGX Sovereign bond closed flat.

Thirty-seven equities appreciated in price during the week, lower than fifty equities in the previous week. Forty-two equities depreciated in price, higher than thirty-two equities in the previous week, while seventy-seven equities remained unchanged higher than seventy-four equities recorded in the previous week.

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Nigerian Exchange Limited

NGX Charges Companies on Full Disclosure of Business Impacts 

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Nigerian Exchange Limited - Investors King

The Nigeria Exchange Limited (NGX) says organisations must present full reports about their environmental and social impacts. 

Speaking at a webinar session organised by the Corporate Secretaries International Association on how businesses and organisations could carry a “full 360 approach to market disclosure, the Chief Executive Officer, NGX Regulation Limited, Ms Tinuade Awe said “Our world today is facing major sustainability challenges including inequality, overpopulation, climate change, and several environmental risks.

Discussing the importance of measuring and reporting sustainability performance for companies she said: “By recognising that capital allocation makes a real impact on the environment and society at large, investors can reap sustainable long-term investment decisions through investments in ESG-themed investments.

“Adopting an ESG-lens in our approach to investment is critical for investors to identify businesses that implement a forward-looking approach to managing long-term risks and leveraging opportunities that ensure long-term economic, environmental, and social responsibility,” she said. 

Awe encouraged companies to adopt best practices in their disclosure on ESG issues by ensuring that their sustainability reports capture relevant sustainability disclosures that are relevant to their stakeholders.

“Historically, sustainability reports address a company’s approach to managing the triple bottom line of people, profit and planet. However, disclosures in sustainability reports have evolved over the years to address the needs of a wide array of stakeholders, she said in respect to critical disclosures that should be included in a sustainability report. 

“In publishing their sustainability reports, companies should consider a number of relevant disclosures including materiality, sustainability risks, and opportunities as well as a detailed explanation of how companies are addressing the risks and levering the opportunities.

She added that a sustainability report should include disclosures on how sustainability is governed by the board, executive management, and designated officers responsible for managing the organisation’s impact footprint.

The programme was themed, ‘Unlocking ESG for boards from strategy to disclosure’.

 

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Nigerian Exchange Limited

Stock Activity Rises as Investors Gained N298 Billion

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Stock Bull - Investors King

The Nigerian Exchange Limited (NGX) rebounded from its three days of consecutive declines to close in the green on Thursday despite only 21 stocks recording gains, against 29 stocks that dipped.

Activity in the Nigerian stock market rose on Thursday as investors exchanged 274,556,626 stocks valued at N8.447 billion in 5,184 deals, against 611,973,850 shares worth N 7.426 billion that exchanged hands in 5,948 transactions on Wednesday.

Transcorp was the most traded equity, accounting for 48,381,202 shares valued at N61,433,118.18. MTN Nigeria followed with 20,601,952 shares worth N5,494,941,075.80.

Breaking down each sector, the banking sector shed 76 basis points as stocks of Fidelity Bank, Ecobank, Union Bank of Nigeria, Unity Bank and Zenith Bank closed in the red. Sterling Bank and United Bank for Africa were some of the gainers in the sector.

Similarly, the consumer goods index dropped 23 basis points on the back of a 4.29% decline in Champion, 1.84% loss in Intbrew and a 1.33% decline in Unilever. PZ closed with a 0.37% gain.

The decline in value of Conoil, Ardova and Oando dragged oil and gas index down by 79bps. However, the industrial index, the only sector that closed in the green, posted a 14bps gain as Wapco gained 1.59%.

The market capitalisation of all listed stocks appreciated by N298 billion from N28.423 trillion it settled on Wednesday to N28.721 trillion on Thursday. While NGX All-Share Index appreciated by 1.05% to 53,275.49 index points, up from 52,721.34 index points recorded on Wednesday.

The Exchange year-to-date inched slightly higher to 24.72%. See the details of top gainers and losers below.

Top Gainers

Symbols Last Close Current Change %Change
TRANSCOHOT N 5.36 N 5.89 0.53 9.89 %
BETAGLAS N 57.00 N 62.55 5.55 9.74 %
MCNICHOLS N 1.77 N 1.94 0.17 9.60 %
VERITASKAP N 0.21 N 0.23 0.02 9.52 %
MULTIVERSE N 0.22 N 0.24 0.02 9.09 %

Top Losers

Symbols Last Close Current Change %Change
CONOIL N 31.50 N 28.35 -3.15 -10.00 %
ETERNA N 7.30 N 6.60 -0.70 -9.59 %
PRESTIGE N 0.44 N 0.40 -0.04 -9.09 %
CHAMS N 0.24 N 0.22 -0.02 -8.33 %
ROYALEX N 1.36 N 1.26 -0.10 -7.35 %

Top Gainers 

Symbols Volume Value
TRANSCORP 48381202.00 61433118.18
MTNN 20601952.00 5494941075.80
CONOIL 14343947.00 409104093.15
GTCO 13729757.00 328084274.55
FBNH 13536021.00 162456410.40

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