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Stock Market

[YEAR LOW] These 7 Blue Chip Nigerian Stocks Just Got Bloodied

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This week ended with yet another sell-off as stocks shed a whopping N900 billion in one week. A major reason for the decline were some Blue Chip Nigerian companies contributing in dragging the index back by about 2.9%.

Amongst this park were 7 Blue Chip stocks that cut across the banking, pharmaceutical, FMCG and Upstream sector. This basically reflects the mood in the economy which is currently suffering from rising inflation, drop in Government revenue and cut in disposable income of companies.

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Here are the companies and the possible unique reasons why they got a pounding

Stock Close Yr high Yr low Possible Reason
CADBURY NIGERIA PLC 35.05 42.00 35.05 Poor results, negative outlook
FBNH PLC 6.90 10.44 6.90 Fear that the bank might right off some bad oil and gas loans
GLAXO SMITHKLINE CONSUMER NIG. PLC 40.00 56.26 40.00 Weaker margins , profit drop, negative outlook
GUINNESS  NIG  PLC 125.10 168.00 125.00 Competition and negative outlook
NIGERIAN BREW PLC. 121.00 163.76 121.00 Competition and negative outlook
SEPLAT PETROLEUM DEVELOPMENT COMPANY LTD 300.00 450.10 300.00 Fall in oil price and loss of market share, negative outlook
TRANSNATIONAL CORPORATION OF NIG. 2.06 3.50 2.06 Price correction, negative outlook

Patricia

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Stock Market

List of Dividends announced so far in 2020 (August)

List of Dividends announced so far in 2020 (August)

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Dividends announced on the Nigerian stock exchange

As audited accounts start to trickle in, companies will propose dividend payments to their shareholders as recommended by their respective boards of directors. It is also important to track these announcements to know who is eligible to collect the dividend, when it will be approved and when it will be paid. Dividend payment also affects share prices.

This page will be updated from time to time.

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READ ALSO: Updated: Gender Balance, looking at the board composition of top banks on the NSE

Legend

Date Announced – The date the company announced dividends evidenced by a corporate action published on the website of the NSE.

Qualification date – Shareholders who own shares as of this date will receive dividends. If you buy shares and want to receive dividends make sure it is at least three days before this date. Shares get transferred to you on the basis of the T+3 rule (the date you bought plus 3 working days).

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Payment date – This is when the dividend will be paid to you, either via post (dividend warrants) or direct credit to your bank accounts (e-dividend).

Calculate Dividends

Closure of Register – Only shareholders who own shares listed in their register before this date will be paid dividends.

You can also scroll sideways to view the rest of the columns if using a mobile phone.

READ MORE: How to read stock market tables

2020 Dividends from companies quoted on the Nigerian Stock Exchange

CompanyDPSDate AnnouncedBonusClosure of RegisterAGM DatePayment DateQualification date
Cornerstone InsuranceNil4th August 20207 new shares for every 30 existing shares13th -17th August 2020NANA12th August 2020
MTN Nigeria PlcN3.50k29th July 2020Nil17th August 2020NA24tb August 202014th August 2020
Cutix PLCN0.12K29th July 2020Nil16th - 20th November 202027th November 202030th November 202013th November 2020
C & I Leasing PLCN0.20k30th June 2020Nil14th - 16th July 202023rd July 202031st July 202013th July 2020
McNichols Consolidated Plc (Revised)N0.03k1st April 2020Nil2nd - 6th July 202030th July 20207th August 20201st July 2020
Dangote Sugar Refinery PlcN1.10k8th June 2020Nil22nd June 20209th July 2020within 48hrs after AGM19th June 2020
Jaiz bankN0.03k9th June 2020Nil29th June - 3rd July 202016th July 202016th July 202026th June 2020
UAC of Nigeria Plc (UPDATED)N0.10k20th April 2020Nil19th - 22nd May 202015th July 202016th July 202018th May 2020
Prestige Assurance PlcNil4th June 20202 New shares for every 11 existing shares22nd - 26th June 202030th June 2020N/A19th June 2020
Presco PlcN2.00k3rd June 2020Nil20th - 22nd July 20205th August 20207th August 202017th July 2020
Trans-Nationwide Express PlcN0.03k1st June 2020Nil6th - 10th July 202016th July 202020th July 20203rd July 2020
Nigeria Aviation Handling Company PLCN0.30k28th May 2020Nil1st - 3rd July 202016th July 202016th July 202030th June 2020
Skyway Aviation Handling Co. PlcN0.16k1st June 2020Nil17th - 23rd June 202030th June 202030th June 202016th June 2020
11 PlcN8.2528th May 2020Nil30th Sept - 5th Oct 2020to be announcedto be announced29th Sept 2020
Glaxo SmithKilne Consumer Nig. PlcN0.55k22nd May 2020Nil23rd June - 2nd July 202023rd July 202024th July 202022nd June 2020
Airtel Africa0.0313th May 2020Nil6th July 2020Not applicable24th July 2020NA
Caverton Offshore Support Group PlcN0.20k22nd May 2020Nil16th June 202025th June 202025th June 202015th June 2020
Nigerian Breweries Plc (Revised)N1.51k20th May 2020Nil5th-11th March 202023rd June 202024th June 20204th March 2020
BUA CementN1.75k19th May 2020Nil28th Sept - 2nd Oct 202022nd October 202023rd October 202025th September 2020
NASCON Allied Industries PlcN0.40k13th May 2020Nil15th - 16th July 202027th July 202029th July 202014th July 2020
Total Nigeria PlcN6.7113th May 2020Nil5th - 11th June 2020to be announced24hrs after meeting4th June 2020
Cadbury Nigeria PlcN0.49k13th May 2020Nil25th - 29th May 202024th June 202025th June 202022nd May 2020
May and Baker PlcN0.25k13th May 2020Nil27th - 29th May 20204th June 20208th June 202026th May 2020
NPF Microfinance Bank PlcN0.20k11th May 2020Nil17th - 22nd June 202030th June 202030th June 202016th June 2020
Okomu Oil Palm PlcN2.0023rd April2020Nil19th - 22nd May 202028th May 202029th May 202018th May 2020
Lafarge Africa PlcN127th April 2020Nil4th - 8th May 20203rd June 20203rd June 202030th April 2020
Wema Bank PlcN0.04k23rd April 2020Nil7th - 12th May 202018th May 202018th May 20206th May 2020
Union bank of NigeriaN0.25k13th April 2020Nil27th - 30th April 20206th May 20206th May 202024th April 2020
FBN HoldingsN0.38k6th April 2020Nil21st - 22nd April 202027th April 202028th April 202020th April 2020
Lafarge Africa PlcN1.00k6th April 2020Nil4th - 8th May 202026th May 202026th May 202030th April 2020
Ikeja Hotel PlcN0.023rd April 2020Nil2nd - 8th July 202030th July 20207th August 20201st July 2020
NEM InsuranceN0.15k1st April 2020Nil4th - 8th May 2020to be announcedto be announced30th April 2020
FCMB Group PlcN0.14k31st March 2020Nil15th - 17th April 202028th April 202028th April 202014th April 2020
Beta Glass Nigeria PlcN1.67k30th March 2020Nil15th - 19th June 20202nd July 20203rd July 202011th June 2020
Capital Hotel PlcN0.05k26th March 2020Nil20th - 24th April 202027th May 20203rd June 202017th April 2020
Sterling bank PlcN0.03k26th March 2020Nil5th - 8th May 202020th May 202020th May 20204th May 2020
Boc GasesN0.30k26th March 2020Nil8th - 10th June 202025th June 202026th June 20205th June 2020
Fidelity Bank PlcN0.20k23rd March 2020Nil20th - 24th April 202030th April 202030th April 202017th April 2020
Seplat Petroleum Dev. Company Plc0.0523rd March 2020Nil13th May 202028th May 20204th June 202012th May 2020
Julius Berger Nig. PlcN2.75k13th March 20200.0021st to 3rd June 202018th June 202019th June 202029th May 2020
Nigeria Energy Sector Fund (NESF)N75.0010th March 2020Nil20th March 20206th April 202019th March 2020
Access Bank PlcN0.40k6th March 2020Nil15th April 202030th April 202030th April 202014th April 2020
Nestle Nig PlcN45.00k28th February 2020Nil18th - 22nd May 20202nd June 20202nd July 202015th May 2020
Stanbic IBTC Holdings PlcN2.005th March 2020Nil19th - 26th March 202030th June 202018th June 202018th March 2020
Guaranty Trust Bank PlcN2.50k2nd March 2020Nil19th March 202030th March 202030th March 202018th March 2020
United Bank of AfricaN0.80k2nd March 2020Nil16th - 20th March 202027th March 202027th March 202013th March 2020
Transcorp PlcN0.01k28th February 2020Nil18th - 23rd March 202025th March 202027th March 202017th March 2020
MTN Nigeria PlcN4.97k28th February 2020NilFebruary 16, 19008th May 202019th May 202017th april 2020
Transcorp Hotels PlcN0.07k28th February 2020Nil13th-17th March 202024th March 202026th March 202012th March 2020
United Capital PLCN0.50k18th February 2020Nil9th-13th March 202024th March 202026th March 20206th March 2020
Infinity Trust Mortgage Bank PLCN0.035K30th January 2020Nil9th-13th March 20207th May 202014th May 20206th March 2020
Zenith bank PlcN2.50k21st February 2020Nil10th March 202016th March 202016th March 20209th March 2020
Africa Prudential PlcN0.70k25th february 2020Nil9th-13th March 202023rd March 202023rd March 20206th March 2020
Dangote Cement PlcN16.0025th february 2020Nil26th May 202015th June 202016th June 202025th May 2020
January 1, 1970

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Stock Market

Nigerian Bourse record gains triggered by GTBANK, FLOURMILL , BUACEMENT

Trading volume was impressive on Monday’s trading session.

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SEPLAT, GUINNESS break Nigerian bourse support levels, investors lose N49 billion  , Nigerian Stock market records sixth consecutive loss, Investors lose N15.55 Billion,Nigerian Stock market records sixth consecutive loss, Investors lose N15.55 Billion

Nigerian stock market began the trading week on a positive note. The All Share Index gained 0.29% to close at 24,766.12 basis points as against +0.18% appreciation recorded at the last trading session. Nigeria bourse Year-to-Date (YTD) returns currently stands at -7.73%.

Trading volume was impressive on Monday’s trading session as trading volume surged by +83.45% as against -32.45% plunge recorded in the previous session. RANSCORP, CUSTODIAN, and GUARANTY were the most active to boost market turnover.

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READ MORE: $30 billion worth of BTCs disappears forever 

Market breadth closed positive as NEIMETH led 19 Gainers as against 15 Losers topped by UACN at the end of today’s session – an unimproved performance when compared with the previous outlook.

Top gainers

NEIMETH up 10.00% to close at N1.65,FLOURMILL up 9.97% to close at N18.75,GLAXOSMITH up 8.16% to close at N5.3,BUACEMENT up 2.03% to close at N40.2,GUARANTY up 1.56% to close at N22.85.

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READ MORE: Top banks’ stocks plunge, as bears overwhelms Nigerian tier-2 banks’ rally

Top losers

UACN down 10.00% to close at N6.3, AIICO down 9.57% to close at N0.85, CUSTODIAN down 7.27% to close at N5.1, NEM down 5.00% to close at N1.9, DANGSUGAR down 3.77% to close at N11.5.

Outlook

Nigeria bourse ended on a positive note despite falling crude oil prices, as institutional investors increased their buying pressures on some Nigerian stocks. Narametrics however envisages cautious buying as growing concerns on the resurgence of COVID-19 virus raises some fears among investors.

Patricia
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FEATURED

This Nigerian ETF is one of the best performing investments in the country

This is one of the best performing investments in the country today.

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ETF, stocks, shares, investment, equity,Gold loses some shine on hopes for COVID-19 vaccines

A total of 27 stocks out of 165 ended the last week in July with gains. The stock market squeezed out a 0.88% gain in July as the earnings season and economic uncertainty weighted down on stocks.

However, one equity stood tall among the rest as the best performer this week and second-best in July. It is also one of the best equities this year having gained over 60%.

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READ ALSO: NSE holds ETF workshop, showcases broader investment opportunities

The equity is New Gold ETF an exchange-traded fund listed on the Nigerian Stock Exchange. It gained 17.4% last week alone and 27.5 in July month to date.

What is New Gold ETF? This is an exchange-traded fund managed by Vetiva Securities.

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  • It tracks the price of gold and offers institutional and retail investors the opportunity to invest in a listed instrument (structured as a debenture) that is fully backed by gold bullion.
  • Each NewGold security is equivalent to approximately 1/100 ounces of real gold bullion held in a secured stockpile of gold bullion.
  • All gold is kept in the form of London Gold Delivery Bars and Good Delivery Standards are prescribed by LBMA.
  • Its unit price rose from M7,995 to N8.500 in just one week.

READ MORE: Gold prices surge by 17.4% in 2 months due to global economic crisis

Why is it hot? Not clear what is driving demand however, we believe the uncertainty in the economy and the limited viable investment options is driving smart money towards this ETF.

  • Investors typically flee to gold during periods of uncertainty and this could just be an example.
  • Gold prices have also hit multiple. highs in recent weeks in markets across the world.
  • The dollar is also under pressure as Americans step up their bailout plans. This is impacting positively on Gold prices.
  • It is also the best performing Mutual Fund in 2020. 

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