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Stock Market

Foreign Investors Outflowed N846.5billion From Nigerian Stock Market In 2014 (Up 65%from 2013)

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The Nigerian Stock Exchange released its 2014 Domestic and Foreign Portfolio Participation in Equity trading showing a total of N2.675trillion worth of transactions passed through the exchange in inflows and outflows. The breakdown shows foreign Inflows was a total of N692.3billion whilst a total of N846.5billion was outflows. Total Outflows exceeded 2013 total of N510.78billion by a whopping 65%. However, 2014 inflow exceeded 2013 inflow of N532.2billion by 30%. Net Foreign Outflows for 2014 was N154.2billion compared to a Net Foreign Inflow of N21billion for 2013.

In 2013, foreign inflows exceeded outflows by about 4%. In 2014, foreign outflows exceeded inflows by 22%.  Domestic transactions totaled N1.136trillion a 12.5% increase from the N1 trillion recorded in 2013. Total Foreign Transactions of N1.5trillion represents 57.5% of total transactions compared to 42.2% for Domestic Transactions of N1.136trillion. It was 50.8% to 49.2% in 2013.

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Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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Stock Market

Nigerian Stocks on a 3-day losing streak, triggered by Dangote Sugar, Ecobank

INTBREW led 17 Gainers as against 11 Losers topped by CAVERTON at the end of today’s session

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Nigerian bourse closed today’s trading session on a negative note. The All Share Index dropped by -0.07% to close at 25,532.74 points as against -0.19% drop recorded on Wednesday.

  • Its Year-to-Date (YTD) returns currently stands at -4.88%. Nigerian Stock Exchange Market capitalization presently stands at N13.344 trillion
  • Nigerian bourse trading turnover printed market as at today’s trading volume gained by +9.15% as against the 13.59% plunge recorded in Wednesday’s trading session.
  • FBNH, ACCESS, and ZENITHBANK were the most active to boost market turnover.
  • Market breadth closed positive as INTBREW led 17 Gainers, as against 11 Losers topped by CAVERTON at the end of today’s session, an improved performance when compared with the previous outlook

READ: Sells-Offs in GTBank, Zenith Bank stocks intensify, investors lose N42.8 billion

Top gainers

INTBREW up 10.00% to close at N3.3
NPFMCRFBK up 8.33% to close at N1.3
CADBURY up 4.23% to close at N7.4
FLOURMILL up 1.54% to close at N19.8
GUARANTY up 0.20% to close at N25

READ: Top NSE30 Stocks you should consider buying

Top losers

CAVERTON down 8.60% to close at N1.7
DANGSUGAR down 5.88% to close at N11.2
CUSTODIAN down 5.21% to close at N4.55
ETI down 2.47% to close at N3.95
FBNH down 1.01% to close at N4.9

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READ: GTBank, Zenith Bank, MTN record gains, investors up by N50 billion

Outlook

Nigerian bourse ended Thursday’s trading session on a bearish note. It should be noted that its the third consecutive trading session of losses recorded at Nigeria’s Stock Market.

  • Falling oil prices and higher inflation(13.22%) continue to suppress the urge for foreign investors to take large junk in Nigeria’s stocks
  • NSE30 stocks like Dangote Suger, Ecobank, and FBN Holdings neutralized the gains recorded by GTBank, Flour Mill, and Cadbury.

Nairametrics expects you to invest on the longer horizon, amid strong fundamentals from many NSE30 stocks showing they are greatly undervalued.

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Consumer Goods

Nestlé S.A buys additional shares of Nestlé Nigeria worth N287 million

Nestlé S.A has spent N1.165 billion to buy shares of its Nigerian subsidiary in 22 days over three transactions.

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Nestle releases FY financial statement for 2019, proposes huge dividend, Nestlé S.A buys additional shares of Nestlé Nigeria worth N287 million

Nestlé S.A, Switzerland, the parent company of Nestlé Nigeria Plc, has increased its stake in the Nigerian subsidiary with the purchase of 229,697 additional units in the shares of the company.

This was disclosed by the company in a notification sent to the Nigerian Stock Exchange, which was seen by Nairametrics.

The purchase according to the notification signed by the Company’s Secretary, Bode Ayeku, was made on the bourse in a single transaction on 11th, September.

This disclosure is a regulatory requirement that must be reported to the Nigerian Stock Exchange, especially when a major shareholder or director of a publicly quoted company purchases or sells shares in the company they own.

The breakdown of the transaction, shows that the purchase consideration for the 229,697 additional units of Nestlé Nigeria shares at an average price of N1,249.65 per unit is put at N287 million.

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This purchase and previous purchases strengthen Nestlé S. A’s status as the parent company of the subsidiary. So far, the company has accumulated a total of 977,744 additional shares worth N1.165 billion since 20th August.

(READ MORE: GTBank, Zenith Bank, UBA record losses, investors down by N12.2 billion)

As of June 30th, in line with the shareholding analysis of Nestlé Nigeria in its half-year financial results, the company had exactly 792,656,252 shares outstanding, with Nestlé S.A being the majority shareholder with 524,559,457 units, which amount to 66.18% of the total shares of the company outstanding.

Hence, with the purchase of 229,697 additional units, and previous purchases from 20th August till date, which amount to 977,744 units. Nestlé S. A’s ownership percentage of Nestlé Nigeria is now put at 66.30%.

What it means: Insider transactions, both sales and purchases, are often a sign of how shareholders perceive a company’s valuation. It could also mean a possible capital raise or that the major shareholders are strengthening their existing holdings.

The purchase of the shares of Nestlé Nigeria by Nestlé S.A has reduced the volatility of the company share price, with the parent company consistently mopping up stray volumes on the bourse.

READ: GTBank, Zenith Bank post gains, as market liquidity weakens 

About the company

Nestlé Nigeria PLC is one of the largest foods and beverage companies in Africa, and the largest consumer goods company by market capitalization. Nestlé Nigeria Plc engages in the manufacturing, marketing and distribution of food products including purified water. It also exports some of its products to other countries within Africa.

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It has three product segments: Food, Beverages, and seasoning. The Food segment engages in the production and sale of Cerelac, Nutrend, Nan, Lactogen and Golden Morn. The Beverages segment engages in the production and sale of Milo, Chocomilo, Nido, Nescafe and Nestlé Pure Life. While the seasoning segment engages in the sale of Maggi cubes.

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Stock Market

FCMB, ACCESS, UBA most traded stocks by turnover, ASI drops by 0.19%

BERGER led 17 Gainers as against 19 Losers topped by NEM at the end of today’s session.

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Nigerian bourse on Wednesday closed bearish amid positive prevailing macros. The All Share Index plunged by 0.19% to close at 25,550.31 points as against a -0.03% drop recorded Tuesday.

  • Nigerian Stock exchange market capitalization presently stands atN13.353 trillion. Its Year-to-Date (YTD) returns currently stands at -4.81%.
  • Nigerian Stock Exchange trading turnover printed negative on Wednesday, as trading volume fell by 13.59% as against a -4.63% drop recorded on Tuesday trading session.
  • FCMB, ACCESS, and UBA were the most active to boost market turnover.
  • Market breadth closed negative as BERGER led 17 Gainers as against 19 Losers topped by NEM at the end of today’s session – an unimproved performance when compared with the previous outlook.

READ: Fidelity Bank to raise N50 billion in bonds in Q4 to refinance existing debts

Top gainers

  • BERGER up 7.44% to close at N6.5
  • UBN up 7.00% to close atN5.35
  • NB up 2.31% to close at N42
  • VITAFOAM up 1.75% to close at N5.8
  • CAP up 0.59% to close at N17.1

Top losers

  • NEM down 9.78% to close at N2.03
  • CADBURY down 8.39% to close at N7.1
  • INTBREW down 6.25% to close at N3
  • WAPCO down 3.70% to close at N13
  • ZENITHBANK down 1.16% to close at N17

READ: Zenith Bank, Unilever, Okomu Oil record losses as investors lose N39.2 billion

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Outlook

In spite of Crude oil prices gaining more than 2% and Brent crude prices hitting pass $41/barrel, the All Share Index closed negative at Wednesday’s trading session.

  • Significant selling pressures from Cadbury, International Breweries dampened traders’ morale in the relatively low liquid stock market.
  • Nairametrics, envisage cautious buying as market indicators, point to low market liquidity in the coming days.

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