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Lafarge, Wema, UBA, Dangote Sugar lead weekly gainers’ chart

A total turnover of 2.440 billion shares worth N19.932 billion in 18,918 deals were traded this week by investors on the floor of the Nigerian bourse

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Bourse, NSE in 2019, events & outlook, Foreign portfolio transactions drop by N280 billion as foreign investors remain net sellers of Nigerian equities , 2020 Nigerian Equities Outlook: Breaking the Jinx?, Equities: Foreign investors remain net sellers for second consecutive year , Investors part with N152.1 billion as bearish trade extends, Stocks close February in deep red as investment options dry up for Nigerians, Economy: Domestic investors hold sway in January

The Nigerian bourse opened for four trading days this week as the Federal Government declared 10th April 2020 (Good Friday) and 13th April 2019 (Easter Monday) public holidays.

A total turnover of 2.440 billion shares worth N19.932 billion in 18,918 deals were traded this week by investors on the floor of the Nigerian bourse, in contrast to a total of 1.534 billion shares valued at N11.267 billion that were traded last week in 18,928 deals.

The Financial Services Sector (measured by volume) led the trading volume with 2.182 billion shares valued at N11.107 billion traded in 11,322 deals; thus contributing 89.42% and 55.72% to the total equity turnover volume and value respectively. The Industrial Goods followed with 102.769 million shares worth N3.633 billion in 2,483 deals.

In addition, third place was the Consumer Goods industry, with a turnover of 51.075 million shares worth N3.578 billion in 1,924 deals.

[READ MORE: Bulls dominate Nigerian bourse, investors gain N162 billion)

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Trading activity in the top three stocks includes Omoluabi Mortgage Bank Plc., Guaranty Trust Bank Plc. and FBN Holdings Plc. (measured by volume) accounting for 1.702 billion shares worth N8.033 billion in 4,443 deals, contributing 69.76% and 40.30% to the total equity turnover volume and value respectively.

A total of 3.027 million units valued at N13.034 million were traded this week in 23 deals, compared with a total of 6,759 units valued at N61, 035.98 transacted the previous week with 19 deals.

The NSE All-Share Index and Market Capitalization both gained by 1.37% to close the week at 21,384.03 and N11.144 trillion respectively.

READ MORE: Fidelity Bank announces closed period as it readies to release unaudited Q1 2020 result

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All other indices finished higher with the exception of NSE Oil/Gas, NSE Lotus II, and NSE Industrial Goods which depreciated by 4.76%, 2.65%, and 6.59% respectively while NSE ASeM Index closed flat.

Thirty-five (35) stocks gained in price during the week, higher than Fifteen (15) stocks in the previous week. Eighteen (18) stocks dropped in price, lower than Thirty-six (36) stocks in the previous week, while One hundred and ten (110) stocks remained unchanged, lower than One hundred and twelve (112) stocks recorded in the preceding week.

Top 10 gainers for the week  

  • LAFARGE AFRICA PLC up 41.34% to close at N12.65
  • WEMA BANK PLC up 25.53% to close at  N0.59
  • UNITED BANK FOR AFRICA PLC up 25.25% to close at N6.20
  • STERLING BANK PLC up 25.23% to close at N1.39
  • FIDELITY BANK PLC up 24.26% to close at N2.10
  • DANGOTE SUGAR REFINERY PLC up 20.22% to close at N10.70
  • ECOBANK TRANSNATIONAL INCORPORATED up 19.23% to close at N4.65
  • FBN HOLDINGS PLC up 18.99% to close at N4.70
  • ZENITH BANK PLC up 17.65% to close at N14.00
  • FCMB GROUP PLC Up 16.33% to close at N1.71

[READ ALSO: GTBank, First Bank emerge most traded stocks, as investors gain N77 billion)

Top 10 losers for the week 

  • ARDOVA PLC down 18.48% to close at N11.25
  • SKYWAY AVIATION HANDLING COMPANY PLC down 15.61% to close at N2.00
  • BUA CEMENT PLC down 12.75% to close at 30.80
  • LEARN AFRICA PLC down 10.00% to close at N0.90
  • CUTIX PLC down 10.00% to close at N1.26
  • B.O.C. GASES PLC down 9.88% to close at N3.65
  • AXA MANSARD INSURANCE PLC down 9.71% to close at N1.58
  • UACN PROPERTY DEVELOPMENT COMPANY PLC down 9.47% to close at N0.86
  • SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC down 9.09% to close at N495.00
  • COURTEVILLE BUSINESS SOLUTIONS PLC down 9.09% to close at N0.20

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Olumide Adesina is a France-born Nigerian. He is a Certified Investment Trader, with more than 15 years of working expertise in Investment trading. Follow Olumide on Twitter @tokunboadesina or email [email protected] He is a Member of the Chartered Financial Analyst Society.

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Economy & Politics

Uganda Elections: Museveni re-elected for 6th term with 58.6% of the votes

Uganda’s President Museveni has won a 6th term in office as the opposition alleges wide-scale rigging.

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The President of Uganda, Yoweri Museveni, has been re-elected as President, gathering 5.85 million votes compared to 3.48 million votes by main opposition leader, Robert Kyagulanyi, a.k.a Bobi Wine.

According to Reuters, this victory represents 58.6% of the vote cast while Bobi Wine got 34.8%

Bobi Wine announced that the election results show this is the most fraudulent election in the history of Uganda and urged his followers to reject the result.

What you should know

  • Yoweri Museveni, aged 76, has been President of the East African nation since 1986.
  • Bobi Wine claimed via his official Twitter handle that military men jumped over his fence and took control of his home yesterday.

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Coronavirus

Combined Vaccine Manufacturing capacity to hit 6.8 billion doses in 2021

COVID-19 vaccine manufacturing capacity is expected to hit 6.8 billion doses in 2021.

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Covid-19: First world nations oppose waiving intellectual rights for vaccine development

Meristem Group disclosed that the combined effort in manufacturing COVID-19 vaccines for global use is expected to yield about 6.8 billion doses in 2021.

This was revealed in the Annual Outlook 2021 report presented by Meristem Group, titled Bracing for a different future.”

According to the report, the existing manufacturing capacity will only be sufficient enough to immunize about 44% of the global population, which would create obvious vaccination gap and make the pandemic last longer than necessary.

The report states,

  • The cold temperature requirements for vaccine storage pose major logistics concern particularly in Sub-Saharan Africa and other low-income countries. WHO estimates that about 50% of vaccines are wasted every year, largely due to a lack of temperature control.”

According to the report, the estimated 6.8billion doses are expected to be collaboratively manufactured as follows:  CanSino – 0.2billion, AstraZeneca – 3.0 billion, Gamaleya – 0.3billion, Moderna – 0.4billion, Pfizer-BioNtech – 1.3billion, SinoPharm – 1billion, and SinoVac – 0.6billion.

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What you should know

  • The global population as of 2020 is 7.8billion and 70% is required to achieve herd immunity (otherwise called herd protection)
  • Herd Immunity or herd protection is achieved when you have most of the population immunized against an infectious disease.
  • 2 doses of the vaccines are required for each person for immunity.
  • It is expected that between 11 and 15 billion doses would be required to achieve the desired herd immunity, globally.
  • From all indications, herd immunity may not be achieved until mid or late 2022, with the subsisting 100% vaccine production capacity utilization in 2021 – with neither production nor distribution losses.
  • To achieve regulatory approval, a vaccine must undergo a three-stage clinical development process after the exploratory and pre-clinical stages and the U.S Food and Drug Administration (FDA) sets a phase 3 efficacy benchmark of 50%.

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Coronavirus

Covid-19: Global deaths surpass 2 million

Global casualty record for the Covid-19 pandemic surpassed 2 million deaths on Friday.

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Nigeria blows past 40,000 COVID-19 cases

The Global casualty record for the Covid-19 pandemic surpassed 2 million deaths on Friday, with the United States accounting for 1 in every 5 deaths, as it has recorded over 386,000 casualties so far.

This was disclosed in a report by Reuters in its Covid-19 tally reported on Friday evening.

After the United States, Brazil, Mexico, India and the U.K contribute nearly 50% of the combined casualties.

The report also disclosed that an average of 11,900 casualties are recorded per day in year 2021, despite the fact that it took 9 months for the world to record 1 million casualties.

United Nations Secretary-General, Antonio Guterres, said the 2 million death count was “a heart-wrenching milestone.”

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  • “Behind this staggering number are names and faces: the smile now only a memory, the seat forever empty at the dinner table, the room that echoes with the silence of a loved one,” he added.

The WHO warned that 2021 could be tougher due to the nature of new variants which transmit the disease faster.

  • “We are going into a second year of this. It could even be tougher given the transmission dynamics and some of the issues that we are seeing,” WHO Chief, Mike Ryan, said.

Analysts expect the global death toll to surpass 3 million by April 2021.

What you should know 

  • Nairametrics reported that the total number of covid-19 cases in Nigeria had surpassed the 100,000 mark on Sunday 10th January 2021, according to the Nigeria Centre for Disease Control.
  • The African Union stated that it secured 270 million Covid-19 vaccine doses for the continent from drug manufacturers to supplement the COVAX programme, a step towards the commencement of the complex task of vaccinating over 1.2 billion people with limited financial resources.
  • The Nigeria Centre for Disease Control on Friday 15th January 2021, announced that 1,867 new cases of the covid-19 virus were recorded across 24 states in the country. This represents the highest number of cases recorded in a single day.

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