Stock Market
PZ Cussons shares lose N3 billion in three sessions on NSE
PZ Cussons Nigeria Plc has lost approximately N3 billion in three trading sessions.
Published
2 weeks agoon

Recent checks after the close of trading activities on the NSE today, 8th of February, have revealed that shares of PZ Cussons Nigeria Plc have lost approximately N3 billion in just three trading sessions.
According to data tracked on the website of the Nigerian Stock Exchange (NSE), between Thursday, 4th February 2021 and today 8th of February 2021, the market capitalization of the leading consumer goods company has decreased from N23.2 billion to N20.2 billion.
Noting that – market capitalization is the total value of all the issued ordinary shares of a company, this by meaning suggests that the total value of all the issued shares of PZ Cussons decreased by nearly N3 billion, or 13% in three trading sessions on the local bourse.
A review of the performance of PZ Cussons on the Nigerian Stock exchange, after the close of trading activities today revealed that PZ shares dipped by N0.55 kobo to close the day 9.73% lower at N5.1.
What you should know
- The shares of the company closed at N5.1 per share after a total of 717,282 ordinary shares of the company were exchanged in 45 deals, worth N3,729,782.20.
- It is important to note that other than PZ, shares of companies like Flour Mills Nigeria Plc (FLOURMILL)and Unilever Nigeria Plc (UNILEVER), tracked by the NSE Consumer goods index declined by 1.43% and 2.05% respectively at the close of trading today.
- This impacted the NSE Consumer goods index, as the index depreciated by 0.26% to close the day at 592.39 index points.
- Shares of PZ Cussons are currently trading 12.82% lower than the 52-week high of N5.85 per share. On a YTD basis, shares of the company have declined by 3.77%.
Omokolade Ajayi is a graduate of Economics, and a certificate holder of the CFA Institute’s Investment Foundation Program. He is a business analyst, and equity market researcher, with wealth of experience as a retail investor. He is a business owner and a stern advocate of Financial literacy, who believes in the huge economic prospect of the Nigerian Payment channels and Fintech space.


Business
SEC denies Oando’s shareholder court victory
SEC has denied ever being served with court processes with respect to the purported matter at the FCT High court.

Published
36 mins agoon
February 24, 2021
The Securities and Exchange Commission (SEC) has denied the claim by one of Oando Plc’s shareholders, Engr Patrick Ajudua, that he won a court case against the capital market apex regulator.
SEC disclosed in a statement it issued and seen by Nairametrics on Wednesday that there was never a time it was served with court processes with respect to the purported matter at the FCT High court.
It stated, “The attention of the Securities and Exchange Commission (the Commission) has been drawn to several publications in the media, where it is reported that a shareholder of OandoPlc, purportedly obtained a judgment from the Federal Capital Territory High Court against the Commission.
“The Commission wishes to inform the general public that it was never at any time served with court processes with respect to the purported matter at the FCT High court. The Commission will consequently take all necessary steps to verify and set aside the purported decision of the said Court.”
The attention of the Commission has been drawn to several publications in the media, where it is reported that a shareholder of OandoPlc, purportedly obtained a judgment from the FCT High Court against the Commission. Full Statement –> https://t.co/olT2FpxaEK
— SEC Nigeria (@SECNigeria) February 24, 2021
What you should know
- On Tuesday, Ajudua, reportedly won a legal suit, which was filed at the High Court of the FCT against SEC, according to Nairametrics.
- He filed that the directive of the SEC suspending Oando’s Annual General Meeting is in breach of his right to freedom of association as guaranteed under Section 40 of the Nigerian Constitution and Articles 9, 10 & 11 of the African Charter on Human and Peoples Rights.
- In the said hearing presided over by Honorable Justice O. A Musa, all cases filed were granted in his favor.
Spotlight Stories
Bulls stage a comeback at Nigerian stock market
Nigerian bourse ended the third trading session of the week amid falling oil prices across the market spectrum.

Published
2 hours agoon
February 24, 2021
The Nigerian stock market ended the third trading session of the week on a bullish note. The All Share Index rallied by 0.14% to close at 40,221 index points.
Year-to-date return and market capitalization settled at -0.12% and N21.04 trillion respectively.
- Activity level strengthened as total volume and value of stocks traded grew 38.95% and 82.28% to 469.56 million units and N7.08 billion respectively.
- The top traded stock by volume and value was ZENITHBANK (1.15%) at 154.6 million units valued at N4.09 billion.
- The NSE Oil & Gas index topped the gainers, up 0.79% on the back of sustained buy interest in OANDO.
- Investor sentiments as measured by market breadth was neutral as 20 stocks advanced against 20 decliners. OANDO (+10.00%) led the gainer’s chart today, while LASACO (-9.49%) was the top loser.
Top gainers
- OANDO up 10.00% to close at N3.41
- ABCTRANS up 9.38% to close at N0.35
- JAPAULGOLD up 9.23% to close at N0.71
- ROYALEX up 8.70% to close at N0.25
- ACADEMY up 7.89% to close at N0.41
Top losers
- LASACO down 9.49% to close at N1.24
- CHIPLC down 8.33% to close at N0.33
- CORNERST down 7.81% to close at N0.59
- FLOURMILL down 6.94% to close at N28.85
- WAPIC down 6.90% to close at N0.54
Outlook
Nigerian bourse ended the third trading session of the week amid falling oil prices across the market spectrum. High buying pressures from medium capitalized stocks which include OANDO, JAPAULGOLD, ROYALEX lifted market sentiments across the spectrum.
- Trailing, the Banking and Industrial indexes gained 0.77% and 0.22% respectively due to price appreciation in ACCESS (+1.80%), FIDELITY (+1.73%), and ZENITH (+1.13%).
- Nairametrics, however, suggests cautious buying amid soft crude oil demand in play at the world’s largest economy.
Nairametrics | Company Earnings
- 2020 FY: Zenith Bank post N230.6 billion profit after tax
Zenith Bank Plc released its […]
- Mutual Benefits Assurance Plc boosts post tax profits by 25.9%
Mutual Benefits Assurance Plc released […]
- 2020 FY Results: Prestige Assurance Plc reports a 50.44% increase in profit.
Prestige Assurance Plc released its […]
- John Holt falls deeper into losses
John Holt Plc released its […]
- Sales volumes crash for Northern Nigeria Flour Mills Plc
Northern Nigeria Flour Mills Plc […]
-
Get the scoops and market intelligence that can help
you make better investment decisions right in your
mailbox.