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Nigerian Stocks drop amid strong gains in TOTAL, SEPLAT, ARDOVA

SEPLAT, TOTAL, and BOC (+10.00%) led the gainer’s chart today, while DANGCEM (-8.13%) was the top loser.

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Nigerian Breweries brings the Bears to party, Investors down N20.5 billion 

Nigerian Stocks ended the last trading session of the week on a bearish note.

The All Share index dropped by -1.16% to settle at 40,120.22 index points due to price gain in DANGCEM. Consequently, the Nigerian Stock market year to date return and market capitalization settled at -0.37%, and N20.97 trillion, respectively.

READ: If you had $100,000 in cash, where would you invest it in US markets?

  • A total volume of 333.3 billion units of shares, valued at N3.64billion exchanged hands in 5,142 deals. ACCESS was the most traded shares by volume with 35.1 million units, while GUARANTY and ZENITHBANK topped by value at N821 million and N606 million respectively.
  • Market sentiment was, however, positive as market breadth came in at 3.54x with 39 advancers and 11 decliners. SEPLAT, TOTAL, and BOC (+10.00%) led the gainer’s chart today, while DANGCEM (-8.13%) was the top loser.

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Top gainers

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  1. SEPLAT up 10.00% to close at N496.1
  2. TOTAL up 10.00% to close at N143
  3. BOCGAS up 10.00% to close at N12.65
  4. ARDOVA up 9.73% to close at N16.35
  5. OKOMUOIL up 2.78% to close at N92.5

READ: NNPC to raise around $1 billion for Port Harcourt refinery revamp

Top Losers

  1. DANGCEM down 8.13% to close at N225
  2. UPL down 2.34% to close at N1.25
  3. REDSTAREX down 0.87% to close at N3.4
  4. VITAFOAM down 0.56% to close at N8.95
  5. WAPCO down 0.45% to close at N22.3

READ: Minister says it takes 5 minutes to do NIN registration at NIMC offices

Outlook

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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.

  • Buying pressure from blue-chip stocks, particularly energy stocks, couldn’t aid Nigerian Stocks bulls amid significant sell-offs seen in some notable NSE30 stocks like Dangote Cement, WAPCO.
  • 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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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

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

Livestock Feeds has gained N1.6 billion since the open of trade on the Nigerian Stock Exchange this year.

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Livestock Feeds: How this company survived over half a century producing animal feed

The shares of Livestock Feeds Plc have gained N1.6 billion since the open of trade on the Nigerian Stock Exchange this year, as investors continue to bid the shares of the company higher, owing to the impressive financial results of the company in Q3 2020.

This was uncovered by Nairametrics after tracking the performance of the shares of the company on the floor of the Nigerian Stock Exchange, from 4 January 2021 when the exchange opened for year 2021.

The checks revealed that the company has gained N1,589,999,691.54 largely on the back of the robust fundamental strength of the company and its impressive financial performance in 2020.

It is important to note that the buying interest in the shares of the company saw the market capitalization of the company increase from N4.2 billion to N5.8 billion alone this year.

What you should know

  • The impressive financial performance of the company has made analysts to review their models, as well as the fair value of the shares of the company.
  • This was necessary as the profit after tax of the company increased by 828% in Q3, while its profits in the first nine months of 2020 increased by 2247%.

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Spotlight Stories

MTN, SEPLAT, ARDOVA, rally Nigerian stocks up

NSE30 stocks including, SEPLAT, ARDOVA, MTN triggered the upward run at Thursday’s trading session.

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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 Thursday’s trading session on an impressive note.

The All Share Index gained by 1.54% to close at 40,963.14 index points as against +0.11% upsides recorded on Wednesday.

  • Its Year-to-Date (YTD) returns currently stands at +1.72%. Nigerian Stock Exchange market value now stands at N21.4 trillion
  • Nigerian bourse trading volume also surged higher, on the account volume ticked up by 72.89% as against the 59.86% plunge recorded yesterday. TRANSCORP, MBENEFIT and GUARANTY were the most active to boost market turnover.
  • The market breadth closed positive as CHAMPION led 49 Gainers as against 7 Losers topped by COURTVILLE at the end of today’s session – an improved performance when compared with the previous outlook.

Top Gainers

  1. NASCON up 9.72% to close at N17.5
  2. ARDOVA up 9.25% to close at N21.85
  3. SEPLAT up 8.76% to close N540
  4. DANGCEM up 3.04% to close at N237
  5. MTNN up 1.82% to close at N168

Top Losers

  1. NEIMETH down 6.36% to close at N2.06
  2. COURTVILLEdown 8.33% to close at N0.22
  3. JAIZBANK down 2.78% to close at N0.7
  4. NAHCO down 1.75% to close at N2.25
  5. GUINNESS down 0.26% to close at N18.85

Outlook

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Nigerian Bourse recorded an impressive winning streak this week as some NSE30 stocks including, SEPLAT, ARDOVA, MTN triggered the upward run at Thursday’s trading session.

  • The Nigerian Stock market advance to close in positive territory as buying interest was seen on stocks across the board.
  • Nairametrics however, envisage cautious buying, amid improved market conditions in Nigeria’s financial market.

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Stock Market

Japaul stocks show no sign of slowing down, increase by 104% in 2021

Japaul stocks have gained 104% so far this year, as investors continue to bid the shares of the company higher.

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Paul Jegede, Japual Gold & Ventures Plc partners with Chinese firm to mine gold

Japaul Gold stocks have continued with its streak of gains today with no sign of slowing down, as the shares of the company gain 9.45% at mid-day on the floor of the Nigerian Stock Exchange, taking its year-till-date gains to 104%.

Japaul gold

Source: Meristem

Checks by Nairametrics at today’s trading session revealed that the company which has become investors’ delight on the exchange, yet again gained an additional 12 kobo, which translates to 9.45%, as the share price of the rebranded company clears at N1.39, with 10 million shares of the company exchanged in 43 deals worth over N14 million.

Japaul gold

Source: Meristem

As of 12:55 WAT, during active trading on the floor of the Nigerian Stock Exchange, the bid books of the company revealed that almost 100 million bids have been placed at today’s price of N1.39 in 70 orders for the shares of the company, without a single offer.

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Read Also: U.S. approves New York Stock Exchange listing plan to cut off investment banks

This suggests that the share price of the company will close at N1.39 today, and the momentum of the recent increase in the shares is expected to extend over to tomorrow.

What you should know

  • Mr. Ahmed Jinad, Head, Investment Research, Meristem Securities Limited, who spoke at today’s webinar organized by Meristem, revealed that the key driver behind the recent gains in the shares of the company on NSE remains the recent restructuring process of the former oil servicing company into its new business of mining natural resources.
  • As investors are optimistic about the performance of the company in this new line of business, it is important to note that the Management of Japaul has taken avid steps by rebranding and changing its logo and name from Japaul Oil & Maritime Services to Japaul Gold & Ventures Plc.

Read Also: Dangote Cement market capitalization increased by 28% to cross N3 trillion mark in November

  • The company has also partnered H&H Mines Limited to mine gold, it is also set to receive approval in principle from representatives of H&H Mines Ltd for Japaul to invest in or acquire some shares of the company.

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