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Top 10 Stockbroking firms trade shares worth N138.1 billion in January 

The Nigerian Stock Exchange (NSE) enjoyed a bullish start in January 2020 as the all-share index closed at 28,843.53 index points.

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Ecobank, Nigerian Stock Exchange, Beta Glass, Forte Oil, Transcorp lead gainers chart on Wednesday, Law Union, AIICO, Honeywell top gainers’ chart on Wednesday, Investors lose N9.14 billion to bearish trades on Wednesday , Dangote, Cadbury, Flourmills regains bullish momentum run at Nigeria’s Stock Market, AIRTEL, NESTLE, NB lead the Bulls a home win, Investors party with N106.3 Billion 

Nigerian Stock Exchange (NSE) enjoyed a bullish start in January 2020, as the all-share index closed at 28,843.53 index points, 7.46% increase compared to 26,842.07 recorded on 31st December 2019.

The top ten stockbroking firms traded on stocks worth N138.1 billion, accounting for 58.8% of the total value of shares traded in the month. This is according to the Broker Performance Report for the month ended 31st January 2020.

Also, the report showed that the top ten stockbrokers on the stock exchange accounted for 49.15% of the total unit of shares transacted in the month, trading 8.29 billion units.

Stockbrokers by value

  • Stanbic IBTC is top on the list with trades worth N35.76 billion representing 15.24% of the total value.
  • EFG Hermes Nigeria Limited followed with transactions worth N20.76 billion. 8.82% of the total value of transactions.
  • Rencap Securities traded in stocks worth N18.49 billion, accounting for 7.88% of the total value.
  • Chapel Hill made transactions worth N12.54 billion (5.34%) to rank fourth on the list.
  • CSL Stockbrokers Limited transacted in stocks valued at N11.82 billion.
  • While other stockbrokers like Cardinalstone Securities, Tellimer Capital, Imperial Asset Managers, Meristem Stockbrokers and Coronation Securities (in the order listed above), pulled transactions valued at N9.43 billion, N8.12 billion, N7.76 billion, N7.06 billion and N6.41 billion.

Top 10 Stockbroking firms traded on stocks worth N138.1 billion in January 

[READ MORE: Top 10 stockbroking firms trade N1.35 trillion on stocks in 2019)

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Stockbrokers by volume of shares 

  • Mainstreet Bank Securities topped the list with 1.41 billion units of shares, representing 8.38% of the total volume of shares sold during the month.
  • Cardinalstone Securities came second with 1.04 billion units of shares representing 6.16%.
  • Coronation Securities followed with 851.95 million units of shares which accounted for 5.05% of the total.
  • CSL Stockbrokers ranked fourth with transactions in 794.49 million units of shares. 4.71% of the total unit of shares traded in January.
  • Morgan Capital Securities pulled transactions in 792.33 million units of shares to rank fifth.
  •  EFG Hermes; Chapel Hill Denham; Edgefield Capital Management; Rencap Securities and Stanbic IBTC Stockbrokers. They all transacted in 763.48 million shares, 751.73 million shares, 716.41 million shares, 613.55 million shares and 559.32 million shares respectively.

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Stock Market

Champion Breweries gains 32.35% in a week, following Heineken’s indirect acquisition of its shares

The share price of Champion Breweries’ stocks since the resumption of the market last week increased by 32.35%.

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Champion Breweries Plc appoints new Managing Director 

Champion Breweries stocks have gained 32.35% since the open of trade last week Monday, as investors scamper for the shares of the company at the back of expected takeover by Heineken Brouwerijen B.V.

The share price of the company’s stocks on the NSE, from 11-18 January 2021, increased by 32.35%.

Read Also: U.S leading stocks suffer biggest daily plunge since October 28, 2020

This move is attributable to the recent rush for the shares of the company by investors, following a recent purchase of the shares of the mid-cap company by Heineken’s Special entity.

What you should know

  • Nairametrics reported that Raysun Nigeria Limited, a Special Purpose Entity (SPE) wholly-owned by Heineken Brouwerijen B.V., acquired 1,903,609,538 additional shares of the brewery company, worth N4.95 billion on 7 January 2021, at a price of N2.60 per share.
  • The acquisition took Heineken’s total stake in Champion Breweries to 6,633,043,538 or 84.72% (indirectly).

Read Also: MTN, SEPLAT, ARDOVA, rally Nigerian stocks up

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  • According to data from the NSE, Champion Breweries shares cleared at N1.35 per share today on the floor of the exchange with 29,291 units worth N43,350.68 crossing hands in 4 deals.
  • At the current price of N1.35, the shares of the company have gained more than 56.98% since the open of trade this year, 4 January 2021. This is 95.65% higher than the shares’ 52 weeks low price of N0.69 per share.
  • The current share price of Champions Breweries is the highest in 52 weeks at N1.35 per share.

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Stock Market

Flour Mills shares lose N7.4 billion on NSE, as investors book profit

Flour Mills shares lost N7.4 billion in today’s session, amid sell-offs occasioned by profit-taking activities by investors.

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Flour Mills makes one of the largest contributions to COVID-19 relief fund

The shares of Flour Mills Nigeria Plc lost N7.4 billion in today’s session, amid sell-offs occasioned by profit-taking activities by investors.

According to data tracked by Nairametrics from market open till the close of trade on the Nigerian Stock exchange today, the market capitalization decreased from N134,492,451,044.00 at the market open to N127,111,767,755.00.

The decrease was driven by profit-taking activities on the exchange, as some investors sold off stakes in the company, which pressured the share price to the tune of N31 per share.

READ: Livestock Feeds shares have gained N1.6 billion since January 4

What you should know

  • Nairametrics reported that the shares of the leading food business company gained N28 billion on the NSE, in just 10days of trade in 2021.
  • The increase witnessed in the company’s share price was triggered by renewed buying interests among investors, on the back of its robust fundamental strength, and the impressive financial results it delivered in 2020. This buying interest saw the share price of the company increase by 26.15%.

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Spotlight Stories

First Bank, Dangote stocks drop, investors lose N39.54 billion

The market breadth closed positive as CADBURY led 35 Gainers as against 21 Losers topped by FLOURMILL at the end of today’s session.

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Nigerian Stocks ended the first trading session of the week on a bearish note.  The All Share Index plunged by 0.23% to close at 41,082.38 index points as against the 0.52% gain recorded on Friday.

  • Its Year-to-Date (YTD) returns currently stands at +2.02%. Nigerian Stock Exchange market value stood at N21,49 billion.
  • Investors lost N39.54 billion
  • Nigerian bourse trading turnover on Monday however printed positive, as volume gained by 10.79% as against -17.64% downtick recorded at the last trading session.
  • JAPAULOIL, UNIVINSURE, and TRANSCORP were the most active to boost market turnover.
  • The market breadth closed positive as CADBURY led 35 Gainers as against 21 Losers topped by FLOURMILL at the end of today’s session – an unimproved performance when compared with the previous outlook.

Top gainers

  1. CADBURY up 10.00% to close at N10.45
  2. BOCGAS up 9.98% to close at N13.77
  3. LIVESTOCK up 9.95% to close at N2.32
  4. GUARANTY up 1.82% to close at N33.65
  5. WAPCO up 0.84% to close at N24

Top losers

  1. FLOURMILL down 5.49% to close at N31
  2. FBNH down 3.95% to close at N7.3
  3. GUINNESS down2.63% to close atN18.5
  4. NASCON down 1.71% to close at N17.25
  5. DANGCEM down 1.01% to close at N234.6

Outlook

Nigerian Stocks ended the first trading session of the week on a negative note amid falling oil prices.

Specta
  • Buying pressure from blue-chip stocks, particularly GTBank, WAPCO  could not help the Stock bulls in maintaining their run on the account of profit-taking notice in Dangote, First Bank, and Flour mills.
  • Nairametrics expects you to seek the advice of a certified stockbroker or financial advisor in choosing stocks to buy, as some Nigerian stocks exhibit cyclic return.

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