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Nigerian Stock Exchange closes 2020 with 50% return

Nigerian stocks end 2020 as best in the world with 50% return.



Nigerian Stocks ended the last trading session of the year on an impressive note.

The All Share Index gained +1.92% to close at 40,270.72 index points as against the +1.03% surge recorded on Wednesday. Its Year-to-Date (YTD) returns currently stands at +50%.

READ: Dangote, WAPCO, PZ surge, investors gain N334 billion

  • It’s important to note that such yearly returns seen in the Nigerian Stock Exchange were the first in 17 years.
  • Nigerian Stock Exchange capitalization settled at N21.057 trillion.

To close the year, a total volume of 710.7 billion units of shares, valued at N10.0billion exchanged hands in 4,396 deals. AIICO was the most traded shares by volume with 205.9 million units, while ZENITHBANK topped by value at N1.09 billion.

READ: Dark Clouds loom for investors as stocks fall 8% in first half of 2020

  • Market breadth was however inverse of the broad index with 24 losers and 18 gainers. BOCGAS (+10.00%) led the gainer’s chart today, while ETERNA (-9.09%) was the top loser.
  • The sectorial performance was mixed as the Industrial and Oil & Gas sectors appreciated by 3.90% and 0.65%, while the Banking, Consumer Goods and Insurance sectors fell by -0.89%, -0.80% and -0.41%, respectively.

READ: U.S stocks fired up, triggered by COVID-19 vaccine

Sector Performances

  • NSE Industrial Index: Up by 3.90% on continued buy-interests in BUACEMENT (+9.87%).
  • NSE Oil & Gas Index: Gained 0.65% on OANDO (+5.71%).
  • NSE Banking Index: Down by -0.89% on price depreciation in ETI (-7.69%), ACCESS (-3.43%), and FIDELITYBK (-0.79%).
  • NSE Consumer Goods Index: Fell by -0.80% as a result of the price shed in INTBREW (-8.32%) and DANGSUGAR (-1.68%)
  • NSE Insurance Index: shed -0.41%, as AIICO (-8.87%) and LASACO (-5.41%) closed south.

READ: How to avoid considerable losses using winning market strategies

Top gainers

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  1. BOCGAS up 10.00% to close at N9.57
  2. NNFM up 9.95% to close at N6.74
  3. CILEASING up 9.94% to close at N5.2
  4. BUACEMENT up 9.87% to close at N77.35
  5. MTNN up 6.19% to close at N169.9

READ: Alibaba drops 8% amid regulator’s clampdown on Ant Group

Top losers

  1. ETERNA down 9.09% to close at N5.1
  2. INTBREW down 8.32% to close at N5.95
  3. ETI down 7.69% to close at N6
  4. ACCESS down 3.43% to close at N8.45
  5. PRESCO down 1.18% to close at N70.95

READ: NERC says electricity consumers will be refunded for meter payment


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The world’s best performing stock market ended the last trading session of the year on an impressive note, as investors increased their buying pressure, especially on blue-chip stocks that include MTN Nigeria, BUA cement.

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  • Investors’ appetite for riskier assets has remained strong amid an ultra-low yield prevailing on Nigerian fixed-income instruments.
  • However, Nairametrics envisages cautious buying, amid stringent capital controls set in place by Nigeria’s Apex bank that could trigger lower Foreign Portfolio participation in the future.

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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Japaul Gold slumps by 30%, after rallying to 52-week high of N1.67 on Monday

Japaul Gold stocks slumped by as much as 30%, as investors sell off shares of the rebranded company.



Japaul Gold stocks slump by as much as 30% in three trading sessions, as investors on NSE continue to sell off shares of the rebranded Gold exploration and mining company, after rallying by 146% in 11 days.

It is important to note that the shares of the rebranded and restructured company with a new focus on Gold exploration as its new name suggests, rallied to a record 52-week high of N1.67 on Monday, as buying pressures moved year-to-date gains to 169.4% at mid-day.

However, profit-taking activities by investors saw the shares of the company dip by 15% from N1.67 to close the market on Monday 25 kobo lower at N1.42.

A preview of the performance of the shares of the company by Nairametrics at the close of trade on the exchange today revealed that Japaul shares slumped by 30.5% from its 52-week record high price of N1.67, which was recorded on Monday 18th January 2020, to N1.16 at the close of trade on the exchange today.

Read Also: Dangote Cement gains ₦273 billion on NSE since release of its 2020 Q3 report


What you should know

  • The drastic decline in the company’s share price was triggered by a huge sell-off by investors, as many consider the shares of the company to be overvalued at the current price.
  • In line with this, Japaul share price recorded significant decline for the third consecutive day, with the share price of the rebranded company closing at N1.16, after 4.51 million shares of the company exchanged hands in 60 deals worth over N5.2 million.

What to expect

A decline in the shares of the company is expected tomorrow as over N28.9 million units of the company’s shares, worth N33.5 million were offered today at N1.16 without a single bid.

Japaul stock

This suggests that investors will likely offer the shares of the company at a lower price tomorrow to avoid being trapped, as the shares of the company continue to shed value. 

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Governor Sanwo-Olu says 24,000 students yet to resume in public schools

24,000 students in public schools are yet to return back after the reopening of schools, according to Governor Sanwo-Olu.



Lagos orders removal of all unapproved street gates in the state to ease traffic, Sanwo-Olu to stop pension for former governors, deputies, #EndSARS: Judicial Panel of Inquiry and Restitution to include Lekki toll gate incident – Sanwo-Olu, Lagos approves resumption of all classes in public, private schools, Lagos takes major step towards delivery of Fourth Mainland Bridge, Lagos to construct rail line to airport terminal for international passengers, COVID-19: Lagos State to begin curfew on Sunday to disinfect metropolis, Lagos state government discharges 7 more coronavirus patients, Lagos state will reverse to full lockdown, Sanwo-Olu to virtually inaugurate projects as he presents scorecard of first year in office, Lekki regional road: Sanwo-Olu revokes land titles of Elegushi Royal family, Lagos pays N1.3 billion into the RSA of 246 retirees, Lagos State to empower 2.5 million youths in Arts and Crafts

The Lagos State Governor, Babajide Sanwo-Olu, has revealed that about 24,000 students in public schools are yet to come back after the reopening of schools following last year’s lockdown necessitated by the first wave of Covid-19 across the country.

This is as the governor said that resumption of school activities Monday, January 20, 2021, was a difficult decision to make in light of the second wave of Covid-19.

This disclosure was made by the governor while peaking during a press conference on Covid-19 update at the Lagos House, Ikeja on Tuesday.

Sanwo-Olu assured that it was the best decision for the children’s safety and long-term development, especially the most vulnerable ones.

What the Lagos State Governor is saying

Sanwo-Olu in his statement said, “Last year after the first lockdown and kids have to come back to school, we are still looking for about 24,000 of them that have not come back to school. So, there is a challenge if you keep them out for that long and their parents or guardians now turn them to other things instead of ensuring that they have time to come back for learning even if it is twice or thrice a week.


“At least they have been registered since the beginning of a session and they can be monitored. If not, they will just be roaming the streets and become endangered. We have seen incidents of child abuse and all unprintable things that are being done to these children. So, we believe to a large extent that schools sometimes happen to be the safe haven for them. We have done the roster in which we ensure they keep social distance and we are monitoring,” he said.

What you should know

  • It can be recalled that public and private schools below the tertiary level in Lagos State, On Monday, January 18, 2021, reopened for academic activities despite opposition from some stakeholders due to the second wave of coronavirus pandemic in the state.
  • Following the surge in the number of infections in the state, which is the epicentre of the disease in the country, there were complaints about the state of preparedness of the schools, especially the public ones, in adhering to the strict Covid-19 protocols and guidelines.

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Breaking: Joe Biden sworn-in as the 46th President of the United States

The whole world watched in awe as Joe Biden was sworn in as the new President of the United States.



Joe Biden has been sworn in as the 46th President of the United States.

The 78-year-old Democrat and former Vice president to Barack Obama is being sworn in after emerging the winner of last year’s Presidential elections.

Biden’s running mate, Kamala Devi Harris was sworn in as vice president by Justice Sonia Sotomayor, becoming the first woman and the first black and Asian-American person elevated to serve in a role a heartbeat from the presidency.

The inauguration took place at the US Capitol, the same building that was stormed on January 6, by Donald Trump’s violent supporters.

Trump who for months refused to conceded to Biden’s victory at the polls left the White House for the final time hours earlier and flew to Florida after making it clear weeks ago that he will not be attending the inauguration.


Trump’s Vice, Mike Pence attended the ceremony, as he skipped Trump’s farewell military salute event at Andrews base.

The ceremony includes musical performances by Lady Gaga – who sang the national anthem – as well as Jennifer Lopez and Garth Brooks.

Former Presidents; Barack Obama, George W. Bush and Bill Clinton were all present at the inuaguration

What you should know

  • At 78, Biden is the oldest president ever to take the oath of office.
  • In his speech, Biden swore to defend the constitution and the country “against all enemies, foreign and domestic”.
  • History was made as Kamala Harris became America’s first female, first Black and first Asian American vice-president.
  • Donald Trump skipped the ceremony, becoming the first president not to attend his successor’s inauguration since 1869.

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