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MTN Nigeria, Oando, GTBank Fail to Rescue Stock Investors

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global shares

Nigerian Stock Investors Lose N21 billion on Thursday

The Nigerian Stock Exchange resumed bearish trend on Thursday despite MTN Nigeria, Oando and GTBank leading gainers’ table.

The NSE All-Share Index depreciated by 0.16 percent from 24,972.89 basis points reported on Wednesday to 24,933.41 bps on Thursday.

Also, the market capitalisation of listed equities declined by N21 billion from N13.027 trillion on Wednesday to close at N13.006 trillion on Thursday.

Similarly, the volume traded declined as 171.208 million shares valued at N2.210 billion were traded in 3,315 transactions during the trading hours of Thursday. This was lower than the 265.964 million shares worth N2.708 billion traded on Wednesday.

In terms of volume traded, FCMB led with 32.360 million shares valued at N55.664 million. This was followed by GTbank’s 29.396 million shares worth N707.906 million while FBNH, UBA and Access added 10.730 million, 9.859 million and 9.173 million shares valued at N54.444 million, N63.005 million and N62.420 million.

Top Gainers

MTN Nigeria led top gainers with 50 kobo to close at N115.5 per share. C&I leasing appreciated by 40 kobo to settle at N4.6 per share. Oando, GTBank and AIICO gained 10 kobo, 10 kobo and 0.8 kobo to close at N2.55 per share, 23.1 per share and N0.97 per share, respectively.

Top Losers

Nigerian Breweries led with N4 depreciation to close at N38. This was followed by 33 kobo decline from Fidson, 18 kobo depreciation from Neimeth, NPFMICRFBK lost N1.4 kobo and JAIZ Bank declined by 61 kobo on Thursday.

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.

Stock Market

Five Leading Health Care Companies Lost Over $65bn in Market Cap YTD

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Health Insurance

Top Five Leading Health Care Companies More than $65bn in Market Value

Data presented by Buy Shares indicates that five selected leading public health care companies have cumulatively lost $65.59 billion in market capitalization. The slump is on a Year-to-Date basis.

Health care companies banking on coronavirus vaccine

Walgreens Boots Alliance is the biggest loser at $21.21billion. CVS Health is the second biggest loser at $20.81 billion followed by Cigna Corp at $13.88 billion.

From the research, Anthem Inc. market capitalization has plunged by $8.91 billion while Cardinal Health had the least loss at $0.78 billion.

Despite the widespread losses, UnitedHealth Group’s market capitalization gained by a massive $16.73 billion. Johnson & Johnson also gained by $3.97 billion during the period under review.

Although the health care sector has registered a decline in market capitalization, several factors might spark a resurgence. According to the research report:

“The health care companies are banking on a possible vaccine to make a rebound in the market. Currently, there are over 70 vaccines under development, and companies that emerge first are likely to benefit from that. For example, Johnson & Johnson’s positive change in market capitalization can be linked to the fact that the company is very active in vaccine searching. Additionally, the stock market is also depending on the vaccines to make a rebound. Positive news regarding the vaccine has seen other stocks make notable gains.”

The research also overviewed the Year-to-Date returns for the selected companies. AmerisourceBergen Corp has the biggest returns at 13.84% followed by UnitedHealth Group at 4.27%. Elsewhere, Walgreens Boots Alliance has the worst returns at -38.47%. CVS Health had the second-worst returns at -22.63%.

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Stock Market

Cadbury, Wapco, Zenith Bank, Others Drag Stock Market Down on Wednesday

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stock

Stock Market Closed in the Red on Wednesday

The Nigerian Stock Exchange closed in the red on Wednesday as stocks of Cadbury, Wapco, Zenith Bank and others closed in the red.

Investors traded 211.816 million shares valued at N2.418 billion in 3,651 transactions during the trading hours of Wednesday.

The market capitalisation of listed equities declined by 0.19 percent to N13.353 trillion while the NSE All-Share Index dipped to settle at 25,550.31 basis points.

FCMB led the most traded stocks with 30,330,031 shares valued at N62,182,204.17 while Access Bank, UBA and Zenith Bank followed with 20,974,396; 18,569,571 and 17,986,821 worth N139,403,579.80; N109,651,119.40 and N306,340,033.75. See the details below.

Top Trades

Symbols Volume Value
FCMB 30,330,031 N62,182,204.17
ACCESS 20,974,396 N139,403,579.80
UBA 18,569,571 N109,651,119.40
ZENITHBANK 17,986,821 N306,340,033.75
FBNH 13,537,826 N67,406,854.10

Top Losers

Symbols Last Close Current Change %Change
CADBURY N7.75 N7.1 -0.65 -8.39%
WAPCO N13.5 N13 -0.5 -3.70%
NEM N2.25 N2.03 -0.22 -9.78%
INTBREW N3.2 N3 -0.2 -6.25%
ZENITHBANK N17.2 N17 -0.2 -1.16%

Top Gainers

Symbols Last Close Current Change %Change
NB N41.05 N42 0.95 2.31%
BERGER N6.05 N6.5 0.45 7.44%
UBN N5 N5.35 0.35 7.00%
CAP N17 N17.1 0.1 0.59%
UCAP N3.01 N3.11 0.1 3.32%

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Stock Market

Insider Dealings by Zenith Bank, United Capital, Other Listed Companies

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Nigerian Stock Exchange

Zenith Bank, Nigerian Breweries, Okomu Oil, Others Report Insider Stocks’ Dealings

Here is a list of all the announced insider dealings for this week.

Zenith announced that Dennis Olisa, an executive director of the bank, purchased 2 million shares in two transactions on September 15, 2020 at the Nigerian Stock Exchange in Lagos.

The lender said Olisa bought 1.5 million shares at N17.20 per share and another 500,000 units at N17.10 per share. Therefore, aggregate volume and price stood at 2,000,000 and N17.18, respectively.

Similarly, SOCFINAF S.A, a foreign substantial shareholder in Okomu Oil purchased 2,011,600 units in three transactions on 9th, 10th and 11th September 2020.

SOCFINAF S.A purchased 1,883,759 of Okomu shares at N77.98 per unit on September 9th. On September 10, it acquired another 13,540 units at N78 each while 114,301 shares were purchased at N74.76 each on September 11th. All transactions done at the Nigerian Stock Exchange in Lagos.

Emanuel Nnorom/VINE FOODS LIMITED 2 added to its holding in United Capital Plc on September 14, 2020. Emanuel Nnorom/VINE FOODS LIMITED 2, a related company to United Capital Plc, acquired 250,000 at N3.08 per share. Another insider, Florence Nnorom who is a relative to a non-executive director Emmanuel Nnorom, purchased 70,000 shares of United Capital Plc at N3.10 per share.

Insider dealings continue as Dr. Gilbert Obiajulu Uzodike, a substantial shareholder in Cutix Plc, increased its holding by 1,483,224 shares. The purchase was done in two transactions between 9th – 14th September 2020. Uzodike bought 499,222 and another 984,002 shares at N1.75 per share in Lagos, Nigeria.

Also, Mojisola Oluyemis Ayeni, the Chairperson, Nascon Allied Industries Plc, purchased ordinary shares of 200,000 in Nascon at NlO per share in September 2020.

Accordingly, Dr. Raymond Zoukpo, an independent director of Honeywell Flour Mills Plc, bought 204,541 shares in Honeywell Flour Mills Plc on September 3rd, 2020 in Lagos, Nigeria.

Nestle S.A increased its stake in Nestle Nigeria Plc by purchasing additional 229,697 shares at N1,249.65 per share on September 11, 2020.

A director of Mutual Benefits Assurance Plc, Ebube Ezeagwula, acquired 2.5 million shares at 20 kobo per unit on September 4, 2020 in Lagos, Nigeria.

Heineken Brouwerijen B.V, another foreign substantial shareholder in Nigerian Breweries Plc, purchased another 3,344,227 shares of Nigerian Breweries in three different transactions.

Heineken Brouwerijen B.V bought 3,265,000 shares at N40.95 a share, another 42,742 shares at N40.89 per share and 46,485 shares at N41.65 a unit.

Insider Dealings Sellers

Adedotun Ogunbiyi, a 5 percent holder in Mutual Benefits Assurance Plc sold 14,502,000 shares at 21 kobo on September 4 and 7, 2020. Ogunbiyi did another 3.11 million shares at 20 kobo per unit a transaction classified as cross deal.

Also, DVCF OIL & GAS PLC sold another 1 million shares of The Initiates Plc at 57 kobo each on September 7, 2020.

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