The Nigerian Stock Exchange ended today’s trading session on a negative note. The All Share Index closed at 30,773.64 points, down 0.09%. Year to date, the index is down 19.53%
Top Gainers and Losers
11 Plc (formerly known as Mobil Plc) was the best performing stock today. The stock appreciated by 10% to close at ₦184.80. UAC of Nigeria Plc also added 10% to close at ₦10. NEM Insurance rounds up the top three gainers for today. The stock gained 9.88 to close at ₦2.78.
On the flip side, Veritas Kapital Assurance was the worst performing stock today, shedding 10% to close at ₦0.23. Lasaco Assurance was next, dropping by 6.25% to close at ₦0.30. Transcorp rounds up the top 3 losers for the day with a 4.90% decline, closing at ₦1.20.
Top Trades by Volume
Guaranty Trust Bank was the most actively traded stock today. 29.7 million shares valued at ₦1 billion were traded in 303 deals. Zenith Bank is next with 24.9 million shares valued at ₦570 million traded in 284 deals.
FBN Holdings rounds up the top three most actively traded stocks with 17.3 million shares valued at ₦134 million traded in 213 deals.
Berger Paints appoints Acting Managing Director
Berger Paints Plc announced the appointment of Mrs. Modupe Oguntade, as Acting Managing Director/Chief Executive Officer of BPN, effective January 7, 2018.
She is replacing Mr. Peter Folikwe, who will be exiting the Board, having completed his four-year tenure as Managing Director. Prior to her appointment, she was the Chief Financial Officer (CFO) of the group.
Cutix Plc appoints Acting MD
Cutix Plc has appointed Mrs. Frank Oduonye as Acting Managing Director. This follows the exit of Mr. Francis Uzodike as CEO of the firm with effect from November 1 2018.
GTBank, Zenith Bank, Nestle emerge Renaissance Capital’s top stock picks
Renaissance Capital Analyst, Soji Solanke, holds that some of the most compelling stock picks lie in the banking sector.
Even with many Nigerian institutions already grappling with a difficult regulatory environment prior to the Covid-19 pandemic, Renaissance Capital Analyst, Soji Solanke, holds that some of the most compelling stock picks lie in the banking sector. These stocks include:
Guaranty Trust Bank (GTB)
The analyst believes the bank is a quality name that has sold off more than warranted. Some of the reasons he cited include the fact that the bank has the highest RoE in the Nigerian banking landscape, the highest breakeven cost of risk buffer, as well as the largest net long FX position, placing the bank in a good position to benefit from a naira devaluation. Also, the company’s diversification into the fast-growing payments space makes it a good opportunity to leverage for growth.
A formidable name in the banking sector, Zenith Bank is expected to perform well in a quick recovery scenario as a result of its highly liquid balance sheet, the fact that it pays dividends consistently, as well as its high stock liquidity in the markets.
Another bank expected to be able to withstand a protracted slowdown is Stanbic IBTC and this is as a result of its diversified business model largely due to its large asset management business – the largest in Nigeria. According to the analyst, it makes the company’s earnings somewhat more defensive compared to its peers.
In FMCG, Nestle emerged tops as well:
The company’s SSA consumer analyst, Dayo Ayeni, believes Nestle Nigeria is compelling, also as a result of its strong balance sheet, its resilience, quality management; and its three strong brands, Maggi, Milo and Golden Morn.
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As at 28th May 2020, before markets opened, the share prices of GTB, Zenith Bank, Stanbic IBTC, and Nestle Nigeria are N24.85, N17.90, N35.80, and N995, respectively.
Nigerian Breweries, Stanbic, Guinness, Dangote party with N8.59 billion on stock market bullish run
Market sentiment, as measured by market breadth, was positive as 33 tickers gained, compared to 11 losers.
Nigerian Stock market came back from the holidays to post a positive result at the end of today’s trading, printing the All Share Index at 25,221.23 points after a 0.07% appreciation.
Equities investors on the local bourse gained N8.59 billion as market capitalization appreciated by the same margin to close at N13.13 trillion.
Market turnover finished stronger, as total volume and value of trades increased significantly by 124.06% and 94.05% respectively, to 339.75 million units and N3.92 billion.
FBNH was the most traded stock by volume at 120.86 million units, while GUARANTY was the most traded stock by value at N1.54 billion.
Market sentiment, as measured by market breadth, was positive as 33 tickers gained, compared to 11 losers. NB (Nigerian Breweries) recorded the highest price gain of 10% to close at N43.45 per share.
Performance across sectors closed mixed, as two out of the five indices under our coverage posted gains. Appreciation in tier one banking stocks STANBIC (+9.98%), ACCESS (+9.70%) and FBNH (+9.60%) spurred the lenders by +5.36%, followed by the Consumer Goods sector +3.09% on sustained gain in NB (+10.00%) and GUINESS (+817%).
Conversely, price decline in NAHCO (-3.33%) dragged the Industrial Index lower, while sell-offs in REGALINS (-8.70%); WAPIC (-6.06%) and ARDOVA (-10.00%) weighed down the Insurance, and Oil & Gas indices.
NB up 10.00% to close at N43.45; STANBIC up 9.98% to close at N35.8; DANGSUGAR up 9.37% to close at N14; GUINNESS up 8.17% to close at N19.2; and DANGCEM up 2.46% to close at N137.3.
ARDOVA down 10.00% to close at N14.4; TRANSCORP down 6.49% to close at N0.72; CAVERTON down 5.36% to close at N2.47; NAHCO down 3.33% to close at N2.32; and AFRIPRUD down 1.18% to close at N4.2.
Buying interest in Nigerian Breweries, Guiness and Tier 1 banking stocks caused the Nigerian bourse to finish the first trading of the week on a positive note. Nairametrics envisages cautious buying, as market price swings are expected in the short term.
List of Dividends announced so far in 2020 (May)
List of Dividends announced so far in 2020 (May)
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.
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).
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).
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
|Company||DPS||Date Announced||Bonus||Closure of Register||AGM Date||Payment Date||Qualification date|
|Glaxo SmithKilne Consumer Nig. Plc||N0.55k||22nd May 2020||Nil||23rd June - 2nd July 2020||23rd July 2020||24th July 2020||22nd June 2020|
|Airtel Africa||0.03||13th May 2020||Nil||6th July 2020||Not applicable||24th July 2020||NA|
|Caverton Offshore Support Group Plc||N0.20k||22nd May 2020||Nil||16th June 2020||25th June 2020||25th June 2020||15th June 2020|
|Nigerian Breweries Plc (Revised)||N1.51k||20th May 2020||Nil||5th-11th March 2020||23rd June 2020||24th June 2020||4th March 2020|
|BUA Cement||N1.75k||19th May 2020||Nil||28th Sept - 2nd Oct 2020||22nd October 2020||23rd October 2020||25th September 2020|
|NASCON Allied Industries Plc||N0.40k||13th May 2020||Nil||15th - 16th July 2020||27th July 2020||29th July 2020||14th July 2020|
|Total Nigeria Plc||N6.71||13th May 2020||Nil||5th - 11th June 2020||to be announced||24hrs after meeting||4th June 2020|
|Cadbury Nigeria Plc||N0.49k||13th May 2020||Nil||25th - 29th May 2020||24th June 2020||25th June 2020||22nd May 2020|
|May and Baker Plc||N0.25k||13th May 2020||Nil||27th - 29th May 2020||4th June 2020||8th June 2020||26th May 2020|
|NPF Microfinance Bank Plc||N0.20k||11th May 2020||Nil||17th - 22nd June 2020||30th June 2020||30th June 2020||16th June 2020|
|Okomu Oil Palm Plc||N2.00||23rd April2020||Nil||19th - 22nd May 2020||28th May 2020||29th May 2020||18th May 2020|
|Lafarge Africa Plc||N1||27th April 2020||Nil||4th - 8th May 2020||3rd June 2020||3rd June 2020||30th April 2020|
|Wema Bank Plc||N0.04k||23rd April 2020||Nil||7th - 12th May 2020||18th May 2020||18th May 2020||6th May 2020|
|UAC of Nigeria Plc||N0.10k||20th April 2020||Nil||19th - 22nd May 2020||to be announced||to be announced||18th May 2020|
|Union bank of Nigeria||N0.25k||13th April 2020||Nil||27th - 30th April 2020||6th May 2020||6th May 2020||24th April 2020|
|FBN Holdings||N0.38k||6th April 2020||Nil||21st - 22nd April 2020||27th April 2020||28th April 2020||20th April 2020|
|Lafarge Africa Plc||N1.00k||6th April 2020||Nil||4th - 8th May 2020||26th May 2020||26th May 2020||30th April 2020|
|Ikeja Hotel Plc||N0.02||3rd April 2020||Nil||2nd - 8th July 2020||30th July 2020||7th August 2020||1st July 2020|
|McNichols Consolidated Plc||N0.03k||1st April 2020||Nil||2nd - 8th July 2020||30th July 2020||7th August 2020||1st July 2020|
|NEM Insurance||N0.15k||1st April 2020||Nil||4th - 8th May 2020||to be announced||to be announced||30th April 2020|
|FCMB Group Plc||N0.14k||31st March 2020||Nil||15th - 17th April 2020||28th April 2020||28th April 2020||14th April 2020|
|Cadbury Nig. Plc||N0.49k||30th March 2020||Nil||25th - 29th May 2020||to be announced||to be announced||22nd May 2020|
|Beta Glass Nigeria Plc||N1.67k||30th March 2020||Nil||15th - 19th June 2020||2nd July 2020||3rd July 2020||11th June 2020|
|Capital Hotel Plc||N0.05k||26th March 2020||Nil||20th - 24th April 2020||27th May 2020||3rd June 2020||17th April 2020|
|Sterling bank Plc||N0.03k||26th March 2020||Nil||5th - 8th May 2020||20th May 2020||20th May 2020||4th May 2020|
|Boc Gases||N0.30k||26th March 2020||Nil||8th - 10th June 2020||25th June 2020||26th June 2020||5th June 2020|
|Fidelity Bank Plc||N0.20k||23rd March 2020||Nil||20th - 24th April 2020||30th April 2020||30th April 2020||17th April 2020|
|Seplat Petroleum Dev. Company Plc||0.05||23rd March 2020||Nil||13th May 2020||28th May 2020||4th June 2020||12th May 2020|
|Julius Berger Nig. Plc||N2.75k||13th March 2020||0.002||1st to 3rd June 2020||18th June 2020||19th June 2020||29th May 2020|
|Nigeria Energy Sector Fund (NESF)||N75.00||10th March 2020||Nil||20th March 2020||6th April 2020||19th March 2020|
|Access Bank Plc||N0.40k||6th March 2020||Nil||15th April 2020||30th April 2020||30th April 2020||14th April 2020|
|Nestle Nig Plc||N45.00k||28th February 2020||Nil||18th - 22nd May 2020||2nd June 2020||2nd July 2020||15th May 2020|
|Stanbic IBTC Holdings Plc||N2.00||5th March 2020||Nil||19th - 26th March 2020||30th June 2020||18th June 2020||18th March 2020|
|Guaranty Trust Bank Plc||N2.50k||2nd March 2020||Nil||19th March 2020||30th March 2020||30th March 2020||18th March 2020|
|United Bank of Africa||N0.80k||2nd March 2020||Nil||16th - 20th March 2020||27th March 2020||27th March 2020||13th March 2020|
|Transcorp Plc||N0.01k||28th February 2020||Nil||18th - 23rd March 2020||25th March 2020||27th March 2020||17th March 2020|
|MTN Nigeria Plc||N4.97k||28th February 2020||Nil||February 17, 1900||8th May 2020||19th May 2020||17th april 2020|
|Transcorp Hotels Plc||N0.07k||28th February 2020||Nil||13th-17th March 2020||24th March 2020||26th March 2020||12th March 2020|
|United Capital PLC||N0.50k||18th February 2020||Nil||9th-13th March 2020||24th March 2020||26th March 2020||6th March 2020|
|Infinity Trust Mortgage Bank PLC||N0.035K||30th January 2020||Nil||9th-13th March 2020||7th May 2020||14th May 2020||6th March 2020|
|Zenith bank Plc||N2.50k||21st February 2020||Nil||10th March 2020||16th March 2020||16th March 2020||9th March 2020|
|Africa Prudential Plc||N0.70k||25th february 2020||Nil||9th-13th March 2020||23rd March 2020||23rd March 2020||6th March 2020|
|Dangote Cement Plc||N16.00||25th february 2020||Nil||26th May 2020||15th June 2020||16th June 2020||25th May 2020|
|Tripple Gee & Company Plc||N0.05k||8th July 2019||Nil||2nd-6th September 2019||16th September 2019||28th September 2019||30th August 2019|
|Presco Plc||N2.00||6th June 2019||Nil||8th-10th July 2019||24th July 2019||29th July 2019||5th July 2019|
|C & I Leasing Plc||N0.075||25th June 2019||Nil||15th-19th July 2019||30th July 2019||31st July 2019||12th July 2019|
|NPF Microfinance Bank Plc||N0.05||25th June 2019||Nil||8th-12th July 2019||25th July 2019||25th July 2019||5th July 2019|
|Learn Africa Plc||N0.15k||2nd July 2019||Nil||23rd-27th September 2019||17th October 2019||18th October 2019||20th September 2019|
|Academy Press Plc||N0.05k||1st Juky 2019||Nil||5th-9th August 2019||19th September 2019||26th September 2019||2nd August 2019|
|University Press Plc||N0.15k||1st July 2019||Nil||2nd-6th September 2019||26th September 2019||26th September 2019||30th August 2019|
|Redstar Express Plc||N0.43k||2nd July 2019||Nil||17th-19th July 20198||8th August 2019||16th July 2019|
|Veitva Griffin 30 Plc||N0.27||Nil||N/A||N/A||31st May 2019|
|Vetiva S&P Nig. Sovereign Bond ETF||N13.00||Nil||31st May 2019||N/A||7th June 2019|
|Law Union & Rock Insurance Plc||N0.02||9th May 2019||Nil||3rd - 7th June 2019||25th June 2019||26th June 2019||31st May 2019|
|NEM Insurance||N0.13||30th April 2019||Nil||3rd - 7th June 2019||25th June 2019||25th June 2019||31st May 2019|
|Forte Oil||N1.15||3rd June 2019||Nil||4th - 7th June 2019||N/A||10th june 2019||3rd June 2019|
|Smart Products||N0.15||30th April 2019||Nil||1st - 5th July 2019||29th August 2019||5th Septemner 2019||28th June 2019|
|AIICO Insurance Plc||N0.06||16th April 2019||Nil||10th - 17th May 2019||20th May 2019||20th May 2019||May 9 2019|
|Consolidated Hallmark Insurance Plc||N0.02||23rd April 2019||Nil||7th - 13th March 2019||to be announced||to be announced||6th May 2019|
|FBN Holdings||N0.26||12th April 2019||Nil||24th - 29th April 2019||3rd May 2019||6th May 2019||22nd|
|Lotus Halal Fixed Income Fund||N28.00||Nil||N/A||N/A||12th April 2019|
|Nigerian Aviation Handling Coy Plc||N0.25||17th April 2019||Nil||9th - 11th July 2019||26th July 2019||26th July 2019||8th July 2019|
|Prestige Assurance Plc||N0.03||17th April 2019||Nil||6th - 10th May 2019||to be announced||to be announced||3rd May 2019|
|Regency Alliance Insurance Plc||N0.03||15th April 2019||Nil||13th - 17th May 2019||18th June 2019||19th June 2019||10th May 2019|
|Cement Coy. Of Northern Nig. Plc||N0.40||29th March 2019||Nil||2nd - 8th July 2019||25th July 2019||26th July 2019||1st July 2019|
|Dangote Sugar Refinery Plc||N1.10||4th April 2019||Nil||3rd - 5th June 2019||18th June 2019||19th June 2019||31st May 2019|
|The Initiates Plc||N0.05||2nd April 2019||Nil||3rd - 7th June 2019||to be announced||to be announced||31st May 2019|
|Aluminium Extrusion Ind. Plc||N0.085||26th March 2019||Nil||17th - 21st June 2019||to be announced||to be announced||14th June 2019|
|Beta Glass Nigeria Plc||N1.30||29th March 2019||Nil||17th - 21st June 2019||4th July 2019||5th July 2019||14th June 2019|
|UAC of Nigeria Plc||N0.64||29th March 2019||Nil||21st - 24th May 2019||26th June 2019||27th June 2019||20th May 2019|
|Okomu Oil Palm Plc||N3.00||27th March 2019||Nil||14th - 17th May 2019||13th June 2019||20th June 2019||13th May 2019|
|Wema Bank Plc||N0.03||29th March 2019||Nil||29th April - 6th May 2019||8th May 2019||13th May 2019||26th April 2019|
|Berger Paints Plc||N0.65||19th March 2019||Nil||29th April - 3rd May 2019||23rd May 2019||24th May 2019||26th April 2019|
|Caverton Offshore Support Group Plc||N0.25||29th March 2019||Nil||8th May 2019||21st May 2019||24th May 2019||7th May 2019|
|Eterna Plc||N0.25||29th March 2019||Nil||14th - 17th May 2019||13th June 2019||14th June 2019||13th May 2019|
|Infinity Trust Mortgage Bank Plc||N0.03||29th March 2019||Nil||25th April - 9th May 2019||16th May 2019||23rd May 2019||24th April 2019|
|CAP Plc||N2.50||29th March 2019||Nil||27th - 31st May 2019||20th June 2019||21st June 2019||24th May 2019|
|Portland Paints and Products Nig. Plc||N0.05||28th March 2019||Nil||6th - 10th May 2019||30th May 2019||31st May 2019||3rd May 2019|
|Glaxo SmithKilne Consumer Nig. Plc||N0.05||8th March 2019||Nil||24th April - 6th May 2019||23rd May 2019||24th May 2019||22nd April 2019|
|Chams Plc||N0.03||4th April 2019||Nil||18th - 24th April 2019||to be announced||to be announced||17th April 2019|
|Fidson Healthcare Plc||N0.15||3rd April 2019||Nil||18th - 24th April 2019||to be announced||to be announced||17th April 2019|
|Capital Hotel Plc||N0.05||2nd April 2019||Nil||24th - 29th April 2019||April 22, 2000||9th May 2019||23rd April 2019|
|May and Baker Plc||N0.20||29th March 2019||Nil||23rd - 26th April 2019||30th May 2019||3rd June 2019||18th April 2019|
|Unilever of Nigeria Plc||N1.50||29th March 2019||Nil||15th - 23rd April 2019||9th May 2019||10th May 2019||12th April 2019|
|Total Nigeria Plc||N14.00||28th March 2019||Nil||23rd - 29th April 2019||27th June 2019||28th June 2019||18th April 2019|
|FCMB Group Plc||N0.14||29th March 2019||Nil||12th - 18th April 2019||26th April 2019||29th April 2019||11th April 2019|
|Fidelity Bank Plc||N0.11||29th March 2019||Nil||15th - 19th April 2019||26th April 2019||26th April 2019||12th April 2019|
|Custodian Investment Plc||N0.35||21st March 2019||Nil||12th - 17th April 2019||24th April 2019||24th April 2019||11th April 2019|
|11 Plc||N8.25||22nd March||Nil||3rd - 10th May 2019||16th May 2019||17th May 2019||2nd May 2019|
|NASCON Allied Industries Plc||N1.00||22nd March 2019||Nil||31st May - 3rd June 2019||13th June 2019||17th June 2019||30th May 2019|
|Cadbury Nig. Plc||N0.25||21st March 2019||Nil||20th - 24th May 2019||18th June 2019||19th June 2019||17th May 2019|
|Julius Berger Nig. Plc||N2.00||21st March 2019||Nil||3rd - 7th June 2019||20th June 2019||21st June 2019||31st May 2019|
|UBA Plc||N0.65||15th March 2019||Nil||3rd - 9th April 2019||23rd April 2019||23rd April 2019||2nd April 2019|
|Access Bank Plc||N0.25k||14th March 2019||Nil||12th April 2019||25th April 2019||25th April 2019||11th April 2019|
|Stanbic IBTC Holdings Plc||N1.50k||7th March 2019||Nil||21st March 2019||19th June 2019||20th June 2019||20th March 2019|
|Guaranty Trust Bank Plc||N2.45||6th March 2019||Nil||9th April 2019||18th April 2019||18th April 2019||8th April 2019|
|Seplat Petroleum Dev. Company Plc||US$0.05||6th March 2019||Nil||21st March 2019||16th May 2019||23rd May 2019||20th March 2019|
|Nestle Nig Plc||N38.50k||4th March 2019||Nil||13th - 17th May 2019||28th May 2019||29th May 2019||10th May 2019|
|McNichols Consolidated Plc||N0.05k||1st March 2019||Nil||9th - 15th April 2019||16th April 2019||26th April 2019||8th April 2019|
|Dangote Cement||N16.00||28th February 2019||Nil||4th - 10th June 2019||17th June 2019||18th June 2019||3rd June 2019|
|Africa Prudential Plc||N0.50k||26th February 2019||Nil||14th - 20th March 2019||26th March 2019||26th March 2019||13th March 2019|
|United Capital Plc||30kobo||21st February 2019||Nil||14th - 20th March 2019||28th March 2019||2nd April 2019||13th March 2019|
|Zenith Bank Plc||N2.50||19th February 2019||Nil||11th - 15th March 2019||18th March 2019||18th March 2019||8th March 2019|
|Transnational Corp. of Nig. Plc||3k||18th February 2019||Nil||1st - 5th March 2019||15th March 2019||19th March 2019||28th February 2019|
|Nigerian Breweries Plc||N1.83K||18th February 2019||Nil||7th - 13th March 2019||17th May 2019||20th May 2019||6th March 2019|
|Transcorp Hotel||15k||15th February 2019||Nil||28th February - 1 March 2019||15th March 2019||19th March 2019||27th February 2019|
|Newrest ASL NIG Plc||20k||Nil||29th April - 3rd May 2019||15th May 2019||16th May 2019|
|SIAML Pension ETF 40||N1.17||Nil||25th January 2019||N/A||28TH January 2019|