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Stock Market

Consolidated Hallmark Insurance leads top gainers for the week

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Nigerian Stock Exchange, sound, C & I Leasing Plc, NSE launches factbook, Top 10 stockbroking firms, Steroids from GTBANK, ZENITH Lift Nigerian bourse, as investors gain N94.2 billion , Steroids from GTBANK, ZENITH Lift Nigerian bourse, as investors gain N94.2 billion

 

Consolidated Hallmark Insurance Plc led the gainers’ chart at the end of trading on the floor of the Nigerian Stock Exchange on Friday, as the bourse extended its decline.

The NSE All-Share Index and Market Capitalization both depreciated by 0.32% to close the week at 26,448.62 and N12.875 trillion respectively.

Similarly, all other indices finished lower with the exception of NSE Insurance, NSE Meri Value, NSE Consumer Goods and NSE Lotus II Indices, which appreciated by 2.37%, 0.17%, 0.12% and 0.46% respectively while the NSE ASeM index closed flat.

How share prices changed:

Nineteen (19) equities appreciated in price during the week, lower than Twenty (20) in the previous week. Twenty-three (23) equities depreciated in price, lower than Thirty-three (33) equities in the previous week, while one hundred and twenty-four (124) equities remained unchanged, higher than one hundred and thirteen (113) equities recorded in the preceding week.

Top gainers

Consolidated Hallmark Insurance Plc

Consolidated Hallmark Insurance Plc was the best performing stock this week, appreciating by 17.86%. The stock opened and closed at N0.28 and N0.33 respectively.

Fidson Healthcare Plc

Fidson Healthcare Plc followed with 11.11% increase as it opened and closed the week at N3.60 and N4.00 respectively.

Custodian Investment Plc

Custodian Investment Plc also made the gainers’ chart on Friday. It increased 9.73%, when it increased from N5.65 to N6,20.

Law Union and Rock Insurance

Law Union and Rock Insurance also recorded a growth of 6.82%. The stock rose from N0.44 to N0.47.

Livestock Feeds Plc

Livestock Feeds Plc shares’ increased by 6.38%. it increased from N0.47 to N0.50 in the week.

Top losers

Cornerstone Insurance

Cornerstone Insurance was the lead in the losers chart. The stock’s price dropped by 17.95, when it rose from N0.39 to N0.32 during the week.

Cutix Plc

Cutix Plc recorded a loss of 12.67% within the week. Its share price decreased from N1,50 to N1.31.

PZ Industries

PZ Industries also dropped by 11.90%. it’s share price dropped from N6.30 to N5.55 within the week.

bitcoin train

CHAMS Plc

Chams Plc share price dropped by 11.54% when the value dropped from N0.26 to N0.23 within the week.

Binance

UACN Plc

UACN Plc share price dropped from N7.15 to N6.40, which represent 10.49%.

NEW LISTING:

Debt

  • The second tranche of the Federal Government of Nigeria (FGN) Fifteen Billion Naira (N15,000,000,000) 7-Year 14.5% Green Bond II due 2026, was listed on the Daily Official List of The Nigerian Stock Exchange on Monday, 14 October 2019.
  • Union Bank of Nigeria Plc’s Thirty Billion Naira (N30,000,000,000) 10-Year, 16.20% Subordinated Unsecured Fixed Rate Series 3 Bonds Due 2029 under the One Hundred Billion Naira (N100,000,000,000) debt issuance program, was listed on the Daily Official List of The Nigerian Stock Exchange on Friday, 18 October 2019.

 

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Abiola has spent about 14 years in journalism. His career has covered some top local print media like TELL Magazine, Broad Street Journal, The Point Newspaper.The Bloomberg MEI alumni has interviewed some of the most influential figures of the IMF, G-20 Summit, Pre-G20 Central Bank Governors and Finance Ministers, Critical Communication World Conference.The multiple award winner is variously trained in business and markets journalism at Lagos Business School, and Pan-Atlantic University. You may contact him via email - [email protected]

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Spotlight Stories

Bears claw on Nigerian stocks, Sterling Bank, Nestle tumble

The Nigerian stock market breadth closed negative as 26 stocks posted 28 declines while 17 stocks appreciated.

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Nigerian stocks ended Tuesday’s trading session negative. Consequently, the NSE All-Share Index fell 0.59% to settle at 39,697.62 points, hence, the YTD performance retracted to 1.17%.

  • A total of 222.5million shares, worth N5,390 billion were traded in 4,470 deals. Transactions in the shares of Zenith Bank topped the activity chart with 48.10 million shares valued at N1.23 billion.
  • Across coverage sectors, the performance was mostly negative as all tracked indices closed negative for the day save for the NSE insurance which gained +0.21%.
  • The NSE consumer goods, oil & gas, industrial, and banking indexes fell by 3.86%, 0.88%, 0.41%, and 0.12%, respectively.
  • The Nigerian stock market breadth closed negative as 26 stocks posted 28 declines while 17 stocks appreciated.

Top gainers

  1. ACADEMY up 9.76% to close at N0.45
  2. PZ up 9.38% to close at N5.25
  3. BETAGLAS up 8.00% to close at N54
  4. ROYALEX up 8.00% to close at N0.27
  5. REGALINS up 7.69% to close at N0.28

Top losers

  1. MBENEFIT down 10.00% to close at N0.36
  2. ARDOVA down 9.97% to close at N16.25
  3. CHAMPION down 9.69% to close at N2.05
  4. INITSPLC down 9.62% to close at N0.47
  5. STERLNBANK down 8.75% to close at N1.46

Outlook

Nigerian bourse suffered significant losses as investors sold ARDOVA (-9.97%), STERLNBANK (-8.75%), WAPCO (-7.08%), and NESTLE (-6.90%).

  • That being said, Nairametrics envisages cautious buying on the account that certain market indicators reveal investors are taking some of their gains across the market spectrum.

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Companies

Dangote Sugar proposes N18.2 billion as final dividend for 2020

Dangote Sugar Refinery Plc has proposed a sum of N18.2 billion as the final dividend for shareholders.

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Dangote Sugar proposes N18.2 billion as final dividend for 2020

The Board of Directors of Nigeria, Dangote Sugar Refinery Plc has proposed a sum of N18.2 billion as the final dividend for shareholders for the period ended 31st December 2020.

This announcement was contained in the audited financial statement of the leading integrated sugar company.

In line with the statement of the Board of DSR, the approval of this proposed dividend at the forthcoming Annual General Meeting will see Dangote Sugar pay out a final dividend of N1.50 for each of the outstanding 12,146,878,241 ordinary shares of the company, held by its shareholders.

The proposed dividend is 36.36% higher than the final dividend of N1.1 per share (N13.36 billion) the sugar company paid its shareholders in 2019.

What you should know

  • Dangote Sugar Refinery declared in its audited statement for the period ended 31st December 2020 that its profit for the year climbed to N29.8 billion, from N22.4 billion in 2019.
  • According to these figures, DSR’s earnings per share for 2020 are pegged at N2.45. Hence, with a dividend of N1.50 per share, Dangote Sugar is set to payout 61.2% of its profits for 2020.
  • At the close of trading activities on the floor of the Nigerian Stock Exchange today, shares in Dangote Sugar Refinery declined by 0.83% to close lower at N17.85.
  • At this price, the dividend yield of Dangote Sugar shares is 8.40%.

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Nairametrics | Company Earnings