The Nigerian Stock Exchange closed this week’s trading session in the green, as the All Share Index closed at 28,871.93 basis points, up 0.08%. Year to date, the index is down 8.14%.
16 equities appreciated in price during the week, lower than 18 in the previous week. 42 equities depreciated in price, lower than 49 equities of the previous week. 109 equities remained unchanged, higher than 101 equities recorded in the preceding week.
Thomas Wyatt Plc
Thomas Wyatt Plc makes a surprise appearance in the top gainers for the week. The stock opened at N0.25 and closed at N0.31, up N0.06 or 24%. Year to date, the stock is up 34.78%.
Neimeth International Pharmaceuticals Plc
Neimeth International Pharmaceuticals Plc appreciated by 22% this week. The stock opened at N0.50 and closed at N0.61, up N0.11. Year to date, the stock is down 21.79%.
AG Leventis Plc
AG Leventis Plc opened the week’s trading at N0.24 and closed at N0.28, up N0.04 or 16.67%. Year to date, the stock is up 3.70%.
Transcorp Plc gained 9.73% this week. The stock opened at N1.11 and closed at N1.24, up N0.13. Year to date, the stock is down 6.06%.
NPF Microfinance Bank Plc
NPF Microfinance Bank Plc opened the week at N1.35 and closed at N1.47, up N0.12 or 8.89%. Year to date, the stock is down 10.91%.
Okomu Oil Palm Company Plc
Okomu Oil appreciated by 5.71% this week. The stock opened the week at N70 and closed at N74, up N0.04. Year to date, the stock is up 2.89%.
The stock was marked down by N3 this week and ex dividend price was N74.
UAC of Nigeria Plc opened the week at N6.95 and closed at N7.30, up N0.35 or 5.04%. Year to date, the stock is down 25.13%.
Veritas Kaptal Assurance Plc
Veritas Kapital Assurance gained 5% this week. The stock opened at N0.20 and closed at N0.21, up N0.01. The stock is down 8.70%, year to date.
Mutual Benefits Assurance Plc
Mutual Benefits Assurance Plc opened at N0.21 and closed at N0.22, up N0.01 or 4.76%. The stock is up by the same margin, year to date.
Unilever Nigeria Plc
Unilever Nigeria Plc rounds up the top 10 gainers for the week. The stock opened at N31 and closed at N32, up N1 or 3.23%.
Year to date, the stock is down 13.51%.
Regency Alliance Insurance Plc
Regency Assurance Insurance Plc was the worst performing stock this week, declining by 20%. The stock opened at N0.25 and closed at N0.20, down N0.05. Year to date, the stock is down 5.76%.
The stock was marked down by N0.03 this week and ex dividend price was N0.22.
Forte Oil Plc
Forte Oil Plc opened the week at N34.95 and closed at N28, down N6.60,or 18.88%. Year to date, the stock is down 1.22%.
Champion Breweries Plc
Champion Breweries Plc declined by 18.18%. The stock opened at N1.43, and closed at N1.17, down N0.26. Year to date, the stock is down 41.21%, and is trading below a 10 year price point.
FCMB Plc opened the week at N1.80 and closed at N1.55, down N0.25 or 13.89%. Year to date, the stock is down 17.99%.
Wema Bank Plc
Wema Bank Plc also fell by 13.89% this week. The stock opened the week at N0.72 and closed at N0.62, down N0.10. Year to date, the stock is down 1.59%.
Goldlink Insurance Plc
Goldlink Insurance Plc opened the week at N0.23 and closed at N0.20, down N0.03 or 13.04% Year to date, the stock is down 62.26%.
NEM Insurance Plc
NEM Insurance Plc shed 12.03% this week. The stock opened the week at N2.50 and closed at N2.20, down N0.30. Year to date, the stock is down 18.52%.
University Press Plc
University Press Plc opened at N1.85 and closed at N1.67, down N0.18 or 9.73%. Year to date, the stock is down 23.39%.
Access Bank Plc
Access Bank Plc declined by 9.15% this week. The stock opened at N7.10 and closed at N6.45, down N0.75. Year to date, the stock is down 5.15%.
Cement Company of Northern Nigeria Plc
Cement Company of Northern Nigeria Plc rounds up the top ten losers for the week. The stock also shed 9.15%, opening at N15.30 and closing at N13.90, down N1.40. Year to date, the stock is down 28.35%, and is at a year low.
While MTN Nigeria gained 20% this week, it did not make the cut because it has traded for just two days.
GTBank, Zenith Bank, Seplat boost Nigerian stocks
Major gains by large capitalized stocks that include GTBank, Zenith Bank, Seplat added gains to the Nigerian Stock market capitalization.
Nigerian Stocks ended the second trading session of the week on a positive note. The All Share Index gained 0.30% to close at 35,147.62 basis points as against +0.45% appreciation recorded on Monday. Its Year-to-Date (YTD) returns currently stands at +30.94%.
Nigerian Stock Exchange capitalization stands at N18.364 Trillion. Investors gained N55.17 billion.
- Nigerian Stocks trading turnover dipped lower at Tuesday’s trading session on the basis that volume dipped by 25.83% as against +118.38% uptick recorded in the previous session.
- ACCESS, FBNH, and MBENEFIT were the most active to boost market turnover.
- The Market breadth closed negative as CAVERTON led 15 Gainers as against 21 Losers topped by CORNERST at the end of today’s session – an unimproved performance when compared with the previous outlook.
- PRESTIGE leads the list of active stocks that recorded an impressive volume spike at the end of today’s session.
CAVERTON up 9.88% to close at N1.89
CUTIX up 9.80% to close atN1.68
GUARANTY up 5.42% to close at N35
ZENITHBANK up 1.67% to close at N24.4
SEPLAT up 0.40% to close at N402.3
FCMB down 3.60% to close at N3.21
GUINNESS down 2.91% to close at N18.35
PZ down 2.00% to close at N4.9
FLOURMILL down 0.90% to close at N27.6
MTNN down 0.13% to close at N155
Nigerian stocks recorded gains amid falling oil prices prevailing at the US trading session on Tuesday.
- Major gains by large capitalized stocks that include GTBank, Zenith Bank, Seplat added gains to the Nigerian Stock market capitalization.
- Nairametrics envisages cautious buying amid significant price volatility currently in play at the Nigerian Stock market.
GTBank retains N977 billion market capitalization at close of trade for November
GTBank Plc retains its market capitalization at N977 billion on the local bourse after crossing the N1 trillion mark.
Guaranty Trust Bank Plc has retained its market capitalization of N977.12 billion on the local bourse, after crossing the N1 trillion mark amid renewed buying interests in November.
- At the close of trade yesterday, the last trading session in the month of November, the market capitalization of the bank stood at N977,115,150,236.80.
- The shares of the bank closed at N33.2 per share, with total shares outstanding is 29,431,179,224.
The drive behind these gains
Buying interests in the shares of the bank were renewed as a result of the long-term fundamental strength of the bank, its impressive financial results in the third quarter of 2020, as well as, the expectations of the bank’s transition into a Holding Company structure.
A structure that will enable the bank to look into other businesses outside its core business segment, such as payment, asset management, and pension fund administration, in a bid to boost the company’s intrinsic value and returns to shareholders.
This reality and expectation, coupled with the optimism from the Covid-19 vaccines and the bearish state of the money market in the month of November, triggered buying interests in the shares of the bank, as the market capitalization of the bank crossed the N1trillion mark in November.
However, widespread profit-taking and portfolio rotation by institutional investors on NSE, led to the retracement of the bank’s market capitalization to the tune of N977billion to close below the trillion-naira mark in November.
(READ MORE: GTBank shores Nigerian stocks up)
What you should know
At the start of 2020, the widespread pessimism over the performance of equities due to the negative impact of the Covid-19 pandemic on the global economy and performance of equities in the global markets, which impacted the Nigerian Stock Exchange, triggered a huge sell-off on the local bourse in the month of March.
This development affected the valuation of companies on the Nigerian Stock Exchange, as their share prices declined markedly.
- During this period the share price of GT Bank plummeted, owing to the huge sell-offs by investors on the NSE.
- The market capitalization of the bank fell below N660 billion in March 2020 as a result.
- Market capitalization is the aggregate valuation of a company, based on its current share price and the total number of outstanding stocks.
- Market capitalization tells how much investors value a company, and gives an idea of what a company is worth on the stock exchange, as well as investors’ perception of a company’s future prospects.
Crypto robber sends out over $5 million worth of stolen Bitcoins
An unknown crypto robber has moved 270.97974 Bitcoin from a wallet associated with the Bitcoin robbery.
In 2016, Bitcoin worth billions of dollars was stolen from the Bitfinex crypto exchange. Recently, cyber robbers moved some of the loots between wallets, as seen by Nairametrics.
- Data retrieved from Blockchain data revealed an unknown crypto robbery mob has moved 270.97974 Bitcoin from a wallet associated with the Bitcoin robbery.
- The sum is estimated to be worth over $5 million at the time of writing this publication.
- The wallet address 1GytseWXyzGpmHkcv9uDzkU9D8pLaGyR5x is linked to the cyber robbery that occurred in 2016.
What you should know
- In 2016, a top official at Bitfinex, in a statement credited to Reuters, disclosed that 119,756 Bitcoins were stolen from users’ accounts.
- To date, the BTC robbers responsible for these heist have only been able to move only 1-2% of the funds from the exchange.
- It should be noted that Bitcoin is not really anonymous, because all BTC transactions are kept permanently and publicly on the blockchain or ledger system. So, it’s very easy for anyone to see the transactions and balances of any BTC address.
What this means
Blockchain security and security agencies have flagged the BTC wallets containing the stolen BTCs, making it very difficult to move the 119,756 BTC without being noticed.