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GTBank, Zenith Bank, Seplat boost Nigerian stocks

Major gains by large capitalized stocks that include GTBank, Zenith Bank, Seplat added gains to the Nigerian Stock market capitalization.

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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 second trading session of the week on a positive note. The All Share Index gained 0.30% to close at 35,147.62 basis points as against +0.45% appreciation recorded on Monday. Its Year-to-Date (YTD) returns currently stands at +30.94%.

Nigerian Stock Exchange capitalization stands at N18.364 Trillion. Investors gained N55.17 billion.

  • Nigerian Stocks trading turnover dipped lower at Tuesday’s trading session on the basis that volume dipped by 25.83% as against +118.38% uptick recorded in the previous session.
  • ACCESS, FBNH, and MBENEFIT were the most active to boost market turnover.
  • The Market breadth closed negative as CAVERTON led 15 Gainers as against 21 Losers topped by CORNERST at the end of today’s session – an unimproved performance when compared with the previous outlook.
  • PRESTIGE leads the list of active stocks that recorded an impressive volume spike at the end of today’s session.

Top gainers

CAVERTON up 9.88% to close at N1.89
CUTIX up 9.80% to close atN1.68
GUARANTY up 5.42% to close at N35
ZENITHBANK up 1.67% to close at N24.4
SEPLAT up 0.40% to close at N402.3

Top losers

FCMB down 3.60% to close at N3.21
GUINNESS down 2.91% to close at N18.35
PZ down 2.00% to close at N4.9
FLOURMILL down 0.90% to close at N27.6
MTNN down 0.13% to close at N155

Outlook

Nigerian stocks recorded gains amid falling oil prices prevailing at the US trading session on Tuesday.

Specta
  • Major gains by large capitalized stocks that include GTBank, Zenith Bank, Seplat added gains to the Nigerian Stock market capitalization.
  • Nairametrics envisages cautious buying amid significant price volatility currently in play at the Nigerian Stock market.

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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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

Specta
  • 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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