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Lafarge gains N111.1 billion on NSE in 14 trading sessions
Stock Market
Airtel Africa posts an all-time high, investors gain N82 billion
Nigerian bourse trading turnover printed positive as Monday trading volume surged by +118.38% as against -26.12% downtick recorded last Friday.
Nigerian Stocks started the last trading day of November on a bullish note.
The All Share Index gained 0.45% to close at 35,042.14 basis points as against the 0.24% surge recorded last week Friday. Its Year-to-Date (YTD) returns currently stands at +30.55%.
Investors gained N81.84 billion. The Nigerian Stock Exchange market capitalization stands N18.31 trillion.
Nigerian bourse trading turnover printed positive as Monday trading volume surged by +118.38% as against -26.12% downtick recorded last Friday. MULTIVERSE, ZENITHBANK, and TRANSCORP were the most active to boost market turnover.
The Market breadth closed surprisingly negative amid the bullish trend in play, as AIRTELAFRI led 17 Gainers as against 29 Losers topped by NNFM at the end of today’s session – an unimproved performance when compared with the previous outlook.
MBENEFIT leads the list of active stocks that recorded an impressive volume spike at the end of today’s session.
Top gainers
- AIRTELAFRI up 10.00% to close at N588.5
- AIICO up 10.00% to close at N1.1
- FCMB up 2.46% to close at N3.33
- UBN up 1.82% to close at N5.6
- MTNN up 0.13% to close at N155
Top losers
- NNFM down 10.00% to close at N6.93
- FIDSON down 9.87% to close at N4.93
- UNILEVER down 5.82% to close at N12.95
- GUARANTY down 5.14% to close at N33.2
- BUACEMENT down 1.79% to close at N55
Outlook
Nigerian Stocks against headwinds continued its bullish trend, amid crude oil prices dropping below $48/ barrel at the U.S trading session.
- Buying pressure from Telcom stocks, particularly Airtel Africa kept the bullish run in the play, amid significant sell-offs seen in some notable NSE30 stocks like GTBank, Unilever, FCMB.
- Nairametrics envisage you seek the advice of a certified stockbroker or financial advisor in choosing stocks to buy, as some Nigerian stocks exhibit cyclic returns.
Stock Market
United Capital Plc CEO purchases additional 1.5 million shares worth N8.03 million
Mr. Ashade has spent the sum of N8.03 million on the purchase of additional 1.5 million shares United Capital Plc.
The CEO of United Capital Plc, Mr. Peter Ashade has maintained a 3-month buying streak, acquiring an additional 1.52 million units of the firm’s shares worth N8.03 million.
This is according to a recent notification signed by the firm’s secretary, Leo Okafor and forwarded to the Nigerian Stock Exchange market today, as seen by Nairametrics.
The recent transaction which took place on January 20, 2021 saw the United Capital boss purchase an additional 1,515,092 units of the firm’s share at N5.30 per unit, totalling N8,029,987.60.
Nairametrics gathered that the recent transaction will raise the total number of shares purchased by the CEO in the last three months by an additional 4,669,387 units.
What you should know:
- Nairametrics earlier reported the purchase of an additional 1.28 million units of United Capital Plc shares by its CEO, Peter Ashade and the CFO.
- Ashade had earlier purchased an additional one million units of the company’s shares, worth N5.17 million.
- As at the time of reporting this, United Capital Plc share price ended trading at N5.39, down by 0.19%.
- The report of the recent transaction is in line with NSE policy on insider transactions.
Stock Market
Lafarge gains N111.1 billion on NSE in 14 trading sessions
The cement manufacturer gained an additional N1.45, thus extending year-to-date gains on the NSE to N111.1 billion.
Lafarge Africa Plc continues the streak of gains on the Nigerian Stock Exchange (NSE) today, as shares of the cement manufacturer gained an additional N1.45, thus extending year-to-date gains on the NSE to N111.1 billion.
This was uncovered by Nairametrics after tracking the performance of the shares of the company on the floor of the Nigerian Stock Exchange, from the open of trade on the 4th of January 2021, till the close of trade today on The Exchange.
A preview of the performance of the cement manufacturer on NSE revealed that the shares of the company which opened trading activities this year at N21.05 per share have rallied by 32.78% at the back of renewed investors’ buying interests, to set a 52-week record high price N27.95 at the end of today’s trading session.
Checks by Nairametrics revealed that Lafarge has gained N111.1 billion on NSE this year, as investors continue to bid the shares of the company higher, owing to the robust valuations of the company and its fundamental strength which has made the company investors’ delight at the current price.
It is important to note that the buying interest in Lafarge shares saw the market capitalization of the company increase from N339.1 billion to N450.2 billion alone this year.
What you should know
- At the end of today’s trading session, Lafarge gained an additional N1.45 per share, which translates to 5.47% increase, thus driving the shares of the company to close at a record 52-Week high price of N27.95, with 22.65 million shares of the company worth over N620.53 million, exchanged in 439 deals.
- Nairametrics reported that the Board of Lafarge Africa Plc resolved to sell off its 35% shareholding in Continental Blue Investment Ghana Limited, in order to cut down on costs impacting the Group’s profitability.
Spotlight Stories
CADBURY, GUINNESS plunge amid profit-taking at Nigeria’s stock market
With 50 losers to 14 gainers, sectoral indices closed mostly negative, as the NSE Insurance Index led the decliners with 6.70%.
Nigerian stocks ended the fourth trading session on a bearish note. The All Share Index closed south, dropping by 0.12% to close at 41,099.15 index points.
Year-to-date return and market capitalization settled at 2.06%, and N21.49 trillion respectively.
- A total volume of 1.12 billion units of shares, valued at N6.39 billion exchanged hands in 7,404 deals. TRANSCORP (-9.38%) finished the most traded shares by volume, while GUARANTY (-0.15%) topped by value at N2.04 billion.
- With 50 losers to 14 gainers, sectoral indices closed mostly negative. The NSE Insurance Index led the decliners with 6.70%.
- The NSE Consumer Goods and Banking Indexes trailed distantly, down by -0.30% and -0.23% respectively.
- On the flip side, the NSE Industrial & Energy Indexes advanced marginally by +0.27% and +0.15% respectively.
Top gainers
- NNFM up 10.00% to close at N9.68
- CHAMPION up 9.88% to close at N1.78
- NCR up 9.65% to close at N2.84
- WAPCO up 5.47% to close at N27.95
- ARDOVA up 3.54% to close at N20.45
Top losers
- MRS down 9.82% to close at N12.4
- CADBURY down 9.72% to close at N9.75
- FLOURMILL down 2.77% to close at N31.6
- GUINNESS down 2.37% to close at N18.5
- DANGCEM down 0.21% to close at N234
Outlook
Nigerian stocks ended the last trading session of the week on a negative note amid soaring oil prices prevailing at the U.S trading session.
- The market struggled to close in the positive territory as profit-taking was seen on stocks across the board.
- 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.
