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Markets

Regency, STI lead top gainers’ chart on Tuesday

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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

Shareholders of Regency Assurance Plc, Sovereign Trust Insurance Plc, Neimeth Pharmaceutical Plc, Jaiz Bank and Lasaco Assurance Plc have every reason to smile to the bank as their stocks led the gainers’ chart in the Nigerian Stock Exchange on Tuesday.

Details: Top gainers

Regency Assurance Plc and Sovereign trust Insurance were the highest equity gainers on the stock market today as they gained 10% each to both close at N0.22.

Neimeth pharmaceuticals plc followed with 9.84% gain to close at N0.67 whereas Jaiz bank gained 8.7% to close at N0.75. Lasaco Assurance plc rounded off the list with 8% gain to close at N0.27.

But the market traded in negative territory as the All Share Index witnessed a slide by 0.56% to close at 26,883.33 index points. The equity market capitalization also dropped to N12.98 trillion.

Specta

Top losers

AIICO insurance lost 9.09%, closing at N0.7 to top the losers’ chart on the bourse today followed by Unilever Nigeria Plc, which shed 6.59% to close at N16.3.

Transcorp Plc lost 6.42% to close at N1.02 as Access bank joined the ranks, losing 5.1% of its share value to close at N9.3 while NEM insurance Plc lost 4.76% to close at N2.

 

Top trades by volume

United Capital plc was the most actively traded stock on the bourse as it traded in 24.8 million shares valued at N60.3 million across 94 deals. Zenith bank plc traded in 24.1 million shares at N466.97 million across 480 deals followed by Dangote Sugar plc, which traded in 18.9 million shares valued at N272.7 million across 273 deals.

GTBank also traded actively today, having traded in 17.8 million shares valued at N530.1 million across 247 deals while First bank caped the list with 14.6 million shares at N101.1 million across 306 deals.

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Stock Market

United Capital Plc CEO purchases additional 1.3 million shares worth N7.19 million

United Capital Plc CEO has purchased an additional 1.3 million units of the firm’s shares worth N7.19 million.

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Commercial paper, United Capital Asset Management explains mutual funds’ positive performance

The CEO of United Capital Plc, Mr. Peter Ashade has purchased an additional 1.3 million units of the firm’s shares worth N7.19 million, maintaining a 3-monthly buying streak.

This is according to a recent disclosure signed by the firm’s secretary, Leo Okafor, and sent to the Nigerian Stock Exchange market today, as seen by Nairametrics.

The recent deal which took place on the 22nd of January, 2021 saw the United Capital boss purchase an additional 1,330,613 units of the firm’s share at N5.40 per share, totaling N7, 185,310.2.

Nairametrics learned that the recent deal raises the total number of shares purchased by the CEO in the last three months by an additional 6,000,000 units.

What you should know

  • Mr. Ashade earlier purchased additional 1.5million units of United Capital Plc shares, worth N8.03 million, as reported by Nairametrics.
  • Nairametrics also reported the purchase of one million units of the United Capital Plc shares by its CEO.
  • As of the time of reporting this, United Capital Plc share price currently trades at N5.40, down by 0.92%.
  • The firm has a current market capitalization of N32.4 billion and 6million outstanding shares.
  • The recent deal might be an indicator of strong investors’ confidence in the potentials of the firm.

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Spotlight Stories

Airtel, WAPCO, MRS rally up, investors gain N46 billion

The All Share Index gained 0.21% to close at 41,088.96 index points. Year to date return and market capitalization settled at 2.03%, and N21.49 trillion respectively

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Nigerian banking stocks remain most liquid stocks, as investors gain N25.1 billion, DANGOTE CEMENT, OKOMUOIL and GUINNESS drag Nigerian Stock market down,  SEPLAT, GUINNESS, Breaks Nigerian Bourse Support Levels, Investors Lose N49 Billion  

Nigerian Stocks ended the first trading session on a bullish note.

The All Share Index gained 0.21% to close at 41,088.96 index points. Year-to-date return and market capitalization settled at 2.03%, and N21.49 trillion respectively. Investors gain N45.49 billion.

  • A total volume of 333 million units of shares, valued at N2.64billion exchanged hands in 5,640 deals. TRANSCORP (-5.26%) finished the most traded shares by volume at 48.9million, while ZENITHBANK (0.00%) topped by value at N418 million.
  • Market breadth was however inverse of the broad index with 30 losers against 19 gainers. MRS (+9.82%) led the gainer’s chart today, while CILEASING (-10.00%) was the top loser.
  • Performance across sectors was mixed; like Oil & Gas (-0.80%), Consumer Goods (-0.72%) and Insurance (-0.58%) closed in red, while the Industrial and Banking indexes improved by +0.54 and 0.49% respectively.

Top gainers

  1. MRS up 9.82%  to close at N12.3
  2. JBERGER up 3.17% to close at N19.5
  3. WAPCO up 1.92% to close at N26.5
  4. DANGCEM up 0.85% to close at N236
  5. AIRTELAFRI up 0.38% to close at N855

 

 

Specta

Top losers

  1. CILEASING down 10.00% to close at N5.13
  2. ARDOVA down 9.78% to close at N18.45
  3. INTBREW down 6.53% to close at N6.16
  4. NASCON down 5.81% to close at N16.2
  5. UNILEVER down 2.22% to close at N13.2

Outlook

Nigerian Bourse recorded an impressive winning streak this week as some NSE30 stocks including, AIRTELAFRI, DANGCEM, WAPCO triggered the upward run on Monday’s trading session.

  • The Nigerian Stock market advance to close in positive territory as buying interest was seen on stocks across the board.
  • Nairametrics however, envisages cautious buying, amid improved market conditions in Nigeria’s financial market.

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Debt Securities

UPDC moves to redeem N4.355 billion bonds

UPDC is set to redeem its N4,355 billion Series 1 Bonds on the 26th of April, 2021.

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UACN Property Development Company Plc (UPDC) is set to redeem its N4,355 billion Series 1 Bonds on the 26th of April, 2021.

This information was contained in a notice tagged “Notice to the Bondholders of UACN Property Development Plc”, issued by the Company Secretary, Folake Kalaro.

According to the information contained in the notice, UPDC, under Condition 3.2 of the Terms and Conditions of the Bonds, will redeem the N4,355,000,000 Series 1 Bonds on the 26th of April, 2021 from the bondholders, together with the accrued Coupon (the annual interest rate paid on the bond) up to, but excluding the Redemption Date.

The company revealed that the Coupon on the Bonds will cease to accrue on and after the Redemption Date.

What you should know

  • On the Bond’s Redemption Date, it is important to note that the Registrar of the Bonds, Africa Prudential Plc, shall pay to each Bondholder’s designated account, the amount payable to him/her in respect of the Redemption.
  • The Redemption payment to the Bondholders shall be equal to 100% of the principal amount together with all accrued and unpaid Coupon. Following the Redemption, the listing of the Bonds on the FMDQ Securities Exchange Limited will be canceled.
  • It is essential to understand that the N4.355 billion Series 1 Senior Guaranteed Fixed Rate Bond Due 2023 under UPDC’s N20 billion Bond Issuance Programme, was listed in 2018 following the approval of the SEC.
  • The move to issue the N4.355 billion bonds was made following an unsuccessful attempt to raise N5.16 billion via a rights issue, which recorded subscription for 879.65 million ordinary shares valued at N2.64 billion.

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