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Transactions on the Nigerian Stock Exchange (NSE) closed bearish on Monday, 7th October 2019, as the bourse market continues bleeding.

The NSE All-Share Index (ASI) dips by -0.45% to close at 26,866.41 basis points. The NSEASI Year-to-Date currently stands at -14.52%. The Market Capitalization shed N58.92 billion to close at N13.08 billion.

The bearish trend was a result of huge losses suffered by some blue-chip stocks such as Seplat, Nestle Nigeria, Stanbic IBTC Bank, Cadbury Nigeria Plc, and Nigerian Breweries. They declined by N3.8, N25.5, 95 Kobo, 6 Kobo, and 0.35 Kobo, respectively.

The NSE Market Breadth closed bearish for the day as investor sentiment remains negative. The exchange market recorded 16 gainers in contrast to 17 losers.

First City Monument Bank (FCMB) was the most traded stock for the day by volume. The lender traded 55.67 million shares valued at N89.06 million. Transnational Corporation of Nigeria Plc transacted 17.15 million shares worth N17.21 million.

FBN Holdings Plc completed the top three stocks for the day by volume. The company sold 14.39 million shares valued at N76.24 million.

Zenith Bank, FCMB, and FBN Holdings led the value activity chart for the day. They added N123.54 million, N89.06 million, and 76.23 million to the equity capitalization.

Courtville Business Solutions Plc was the best-performing stock for the day. The ICT firm appreciated by 10% to close at 22 Kobo. Africa Prudential Plc gained 9.94% to close at 20 Kobo. ABC Transport Plc completed the top three gainers for the day. The transport firm advanced by 8.82% to close at 37 Kobo.

On the flip side, Cornerstone Insurance was the worst-performing stock for the day. The stock declined by -10% to close at 36 Kobo. Seplat Petroleum Development Company Plc shed -6.85% to close at N517. Cadbury Nigeria Plc went down by -5.74% to close at N9.85.

Source: https://financialmetricsnigeria.com/investors-lose-n58-92bn-as-nigerian-stock-market-opens-the-week-bearish/

Cc: Lalasticala, Mynd44, Dominique, and MissyB3.

First City Monument Bank (FCMB) has announced the appointment of Olufemi Badeji to the company's board as an Executive Director of Corporate and Investment Banking. Financial Metrics Nigeria reports that Mr. Badeji's appointment is with effect from Wednesday, 2nd October 2019, following the approval of the Central Bank of Nigeria.

Femi holds a BSc. degree in Electrical Engineering, with a minor in mathematics, from the University of Hartford, Connecticut, USA. He also holds an MSc. in Electrical Engineering, with a specialization in computer and communication networks from Worcester Polytechnic Institute, Manchester, USA. After working for 5 years as a system software Engineer, he obtained his MBA in Finance and Accounting from the Wharton School, the University of Pennsylvania, in 2006.

Femi has over 15 years of investment banking experience in the United States, Nigeria, and South Africa. He worked for the now-defunct Lehman Brothers and Houlihan Lokey in the USA, and upon moving back to Nigeria in 2009, he worked as a Vice President in FCMB Capital Markets Limited. He joined Rand Merchant Bank in September 2011, where he rose to the position of Head/ Corporate Finance for Nigeria, responsible for growing and developing client relationships, as well as the origination, execution, and management of transactions.

Femi's transaction experience includes capital raising (both debt and equity), corporate restructuring, private equity transactions, and providing financial advice to institutions in industries spanning architecture, business services, fast-moving consumer goods, financial services, infrastructure, Telecoms, IT services, oil & gas, the public sector, real estate, and specialty finance.


FCMB shares closed at N1.60 on Monday, 7th October 2019.

Source: https://financialmetricsnigeria.com/fcmb-group-plc-appoints-olufemi-badeji-as-an-executive-director/

Cc: Lalaasticala, Mynd44, Dominique, and MissyB3.

bandely:
This write-up is too error-ridden.

How is Dangote Cement market cap N2.57 trillion, and the outstanding share is 17.04trillion?? Is the trading price negative (-6.6)?

Nestle is also reported to have 792.66 outstanding shares, while the trading price is N1,255, which should put its market cap at less than N1billion.

The correct figure should be Dangote Cement outstanding shares 17.04billion; Nestle outstanding shares 792.66million

.

So sorry about that.

That was a typo.

Glad u got value!

We sincerely apologize for that.

Financial Metrics Nigeria research team compiled the list of the top 10 most capitalized stocks listed on the Nigerian Stock Exchange (NSE). The aim of this research is to serve as a guide to investors but we are not recommending you to buy any of these stocks.

Please in order to trade on the exchange market, we recommend that you seek professional advice from your stockbrokers or any other financial experts.

According to Financial Metrics Nigeria research team, MTN Nigeria Communications Plc is the most capitalized company listed on the bourse market currently. MTN Nigeria is listed on the Premium Board of the exchange market with a market capitalization of N2.65 trillion and outstanding shares of 20.35 billion. MTN Nigeria is currently trading at N130.

Dangote Cement Plc is also listed on the Premium Board of the NSE. The industrial goods firm is currently valued at N2.57 trillion and outstanding shares of 17.04 trillion.

Airtel Africa Plc has outstanding shares of 3.75 billion and a market capitalization of N1.15 trillion. Airtel Africa is currently trading at N308.

Nestle Nigeria Plc is the most capitalized consumer goods listed on the exchange market. The group has a market capitalization of N995.18 billion and the value of an outstanding share of 792.66. Nestle Nigeria is currently trading at N1,255.

Guaranty Trust Bank is the leading lender listed on the stock exchange market. The Pan-African Bank has a market capitalization of N779.93 billion and outstanding shares of 29.43 billion.

Zenith Bank Plc has a market capitalization of N565.14 billion and outstanding shares of 31.40 billion. The lender is currently trading at N18.

Nigerian Breweries Plc is listed on the Main Board of the exchange market with a market capitalization of N402.64 billion. Nigerian Breweries Plc is currently trading at N50.35.

Stanbic IBTC Holdings Plc has a market capitalization of N397.99 billion and outstanding shares of 10.47 billion. The lender is currently trading at N38.

Seplat Petroleum Development Company Plc is the leading oil & gas firm listed on the exchange. The energy firm is currently valued at N326.59 billion.

Access Bank Plc completed the top ten stocks currently listed on the Nigerian Stock Exchange (NSE). Access Bank market capitalization stands at N255.93 billion.

Source: https://financialmetricsnigeria.com/top-ten-most-capitalized-stocks-listed-on-nigerian-stock-exchange/

Trading on the Nigerian Stock Exchange (NSE) closed bearish for the week as the bourse market continues tanking.

The exchange market traded for four days this week due to the nation's 59th Independence Day that was celebrated on Tuesday, 1st October 2019. The bearish trend was a result of major price declines recorded across nearly all boards and investors' negative sentiment.

The Financial Services industry led the activity chart, followed by the Conglomerates Industry and finally the Construction/Real Estate Industry. They added N5.91 billion, N124.51 million, and N62.6 million, respectively, to the Market Capitalization.

The All-Share Index (ASI) dips by -2.48% Week-to-Date to close at 26,987.45 basis points. The NSEASI Year-to-Date currently stands at -14.14%. The NSE Premium Index, Banking Index, Oil & Gas Index, and Insurance Index all depreciated for the week. The slips by -2.15%, -3.94%, and -2.25% respectively.

Others include: The NSE-Main Board Index, NSE-AFR Bank Value Index, NSE Consumer Goods Index, and NSE MERI Growth Index all declined for the week. The Insurance and Industrial Goods Index appreciated for the week, contributing 5.71% and 0.14% apiece to the total market equity.

Fifteen stocks recorded price appreciation for the week, while Thirty-nine stocks declined in price. A total of one hundred and twelve stocks remained unchanged for the week ended.

Continental Reinsurance Plc was the best-performing stock for the week. The stock advanced by 20.11% to close at N2.27. Law Union And Rock Insurance Plc appreciated by 12.82% to close at 44 Kobo. Niger Insurance Plc went up by 10% to close at 22 Kobo.

On the flip side, Fidson Healthcare Plc was the worst-performing stock for the week. The stock declined by -18.89% to close at N3.65. Ecobank Transnational Incorporated Plc depreciated by -14.61% to close at N7.60.

United African Company of Nigeria Plc completed the top three price losers for the week. The consumer goods firm depreciated by -14.38% to close at N6.55.


Source: https://financialmetricsnigeria.com/nigerian-stock-market-investors-lose-n334-71bn-in-four-days/


Cc: Lalasticala, Dominique, Mynd44, and MissyB3.

Beta Glass Plc has announced a $30 million investment to expand its furnace capacity at its plant in Agbara, Ogun State is on schedule to be completed in June 2020.

When it becomes operational next year, the new furnace will increase the plant's annual capacity by 35,000 tons and pioneer the use of the Narrow Neck Press and Blow (NNPB) Technology in West Africa, enabling Beta Glass to bring lighter-weight, non-returnable glass bottles to market in Nigeria for the first time.

The new furnace will have a planned productive life of more than 12 years and will replace the existing furnace, which will end its productive life by next year. The new furnace project also includes an additional production line, improvements to existing production lines, including the latest quality inspection equipment, which will further enhance operational efficiency.

The new furnace, which will be among the most advanced of its kind globally, will be instrumental to Beta Glass in strengthening its position as the leading supplier of glass bottles and complementary packaging products in West Africa.

Otunba Abimbola Ogunbanjo, Chairman of Beta Glass Plc, commented, saying, "The new furnace will enable us to leverage the latest technology and our technical expertise to make world-class glass packaging products in Nigeria, whilst promoting sustainability and improving our environmental footprint. This investment will enable growth and create long-term value for both our shareholders and society.

Darren Bennett-Voci, Managing Director of Beta Glass Plc, said, "We are delighted by the progress we have made so far on the expansion project. Our investment in this state-of-the-art facility reaffirms our deep faith in Nigeria and the high growth potential of West Africa. The new furnace will significantly enhance our ability to meet the growing demand for glass bottles and jars in Nigeria and across West Africa, as well as create a number of new jobs, both direct and indirect. I would like to thank our stakeholders for invaluable support since the inception of the project".

Source: https://financialmetricsnigeria.com/beta-glass-set-to-complete-30-million-capacity-expansion-investment-in-nigeria/

Cc: Lalasticala, Mynd44, Dominique, and MissBy3.

The Nigerian Stock Exchange closed in the negative territory on Friday, 4th October 2019, as investor sentiment remains negative. The bourse Market traded bearishly throughout the week except on Wednesday, which was the nation's Independence Day.

Today's bearish trend was coalesced by substantial losses suffered by Forte Oil, Cement Company of Northern Nigeria (CCNN), Guaranty Trust Bank, NASCON Allied, and MTN Nigeria. They declined by -9.76%, -9.76%, -1.85%, -3.65%, and -0.38% sequentially.

The NSE All-Share closed in the red zone again for the fourth time this week. The NSE All-Share Index dips by -0.36% to close at 26,987.45 basis points. Its Year-to-date stands at -14.14%.

UACN Property Development Company Plc was the best-performing stock for the day. The stock advanced by 8.65% to close at N1.13. Unilever Plc was up by 8.32% to close at N26.70. Nigerian Aviation Handling Company Plc completed the top three gainers for the day. The stock appreciated by 5.56% to close at N2.47.

On the flip side, Fidson Healthcare Plc was the best-performing stock for the day. The stock declined by -9.88% to close at N3.65. Forte Oil was down by -9.76% to close at N14.86. Cement Company of Northern Nigeria completed the top three losers for the day. The manufacturing firm depreciated by -9.76% to close at N14.80.

UACN Property Development Company Plc was the investor choice stock for the day. UAC-Properties traded 50.21 million of its share units worth N56.73 million.

Guaranty Trust Bank sold 17.58 million shares valued at N467.89 million. GTBank led the value activity chart for the day, while UAC-Property led the volume activity table.

Continental Reinsurance Plc accounted for the top three traded stocks by volume. The group transacted 8.09 million shares worth 17.90 million.

GTBank, Zenith Bank, and UAC-Properties were the top three traded stocks by value. They contributed N467.89 million, 113.86 million, and N56.73 million, respectively, to the total market equity.

Source: https://financialmetricsnigeria.com/forte-oil-fidson-ccnn-lead-nse-losers-chart-as-negative-posture-continues/

Cc: Lalasticala, Mynd44, Dominique, and MissyB3.

Union Bank of Nigeria Plc has announced that it has secured US$200 million in funding via a partnership with sub-Saharan Africa financial services group, Atlas Mara Limited, in agreement with Overseas Private Investment Corporation (OPIC) the U.S. government's development finance institution.

Under the terms of the agreement, Union Bank will receive a ten-year term credit facility of up to US$200 million from OPIC for investments in digitization, on-lending to Small and Medium Enterprises (SMEs) and funding for women-led businesses, as part of OPIC's Women's initiative which aims to catalyse US$I billion for investment in women across developing nations.

The agreement is consistent with Union Bank's long-standing commitment to enabling enterprise and empowering women-owned businesses. Earlier this year, Union Bank launched Alpher (a), a dynamic proposition aimed at uplifting women across all segments of the Nigerian society through capacity building opportunities, networking platforms, scholarships, and tailored financial services for women.

Last year, Union Bank also introduced an innovative business acceleration program, 'Startup Connect, which enables Nigerian businesses creating technology-based solutions to be more competitive in the rapidly expanding African technology market. Union Bank has been steadfast in providing innovative services where SMEs can access up to US$20,000 per quarter for importation without opening Letters of Credit or Bills for Collection under the Form Q scheme.

Speaking on the funding milestone, Emeka Emuwa, CEO of Union Bank said,

"We welcome this partnership with OPIC as we are well-positioned in Nigeria to further advance lending to key segments of the population, especially SMEs. The 10-year tenor of the OPIC facility provides flexibility to maximize impact across key sectors of the Nigerian economy as we continue to advance proven initiatives including those focused on women's banking and financial inclusion."

David Bohigian, Acting President and CEO of OPIC also noted that "OPIC is delighted to partner with Atlas Mara and the team at Union Bank to drive inclusive lending in Nigeria. This funding benefits SMEs and women and will help serve the needs of underbanked and unbanked individuals and businesses while fostering entrepreneurship and economic development across Nigeria."

Source: https://financialmetricsnigeria.com/union-bank-secures-200-million-opic-funding-for-smes-and-women-initiatives/

The Board of Directors of Dangote Cement Plc has announced a board meeting.

One of the top agendas of the meeting is for the board members to consider the group's Q3 2019 financial results. This was revealed by the group's Deputy Secretary, Edward Imoedemhe. 

Financial Metrics Nigeria reports that the company's Board of Directors meeting will hold on Tuesday, 29th October 2019.  

Dangote Cement Plc also announced a closed period. This is in line with the post-listing of companies listed on the Nigerian Stock Exchange.

The closed period will enable the group to complete its Q3 Unaudited Financial results and file it to the exchange market. 

Financial Metrics Nigeria reports that the company's directors, shareholders, employees, potential investors and anyone with vital information about the trading of Dangote Cement are prohibited from trading their shares.  

The closed period will run from Monday, 14th October to 24 hours after the company's Q3 unaudited results have been released to the public. 

Dangote Cement was down by -0.2% to close at N151 on Thursday 3rd October 2019. The company is currently listed on the Premium Board of the Nigeria Stock Exchange with a market capitalization of N2.57 trillion. The group's outstanding shares stand at N17.04 billion.

Financial metrics Nigeria reports that Dangote Cement is the second most capitalized stock listed on the bourse market after MTN Nigeria.

Source: https://financialmetricsnigeria.com/dangote-cement-declares-close-period-ahead-of-q3-2019-unaudited-finanacial-resulsts/

First Bank of Nigeria Plc (FBN) has announced that its Board of Directors will meet to consider the group's Q3 2019 unaudited financial results. This was contained in a corporate disclosure carried out at the Nigerian Stock Exchange on Wednesday, 2nd October 2019.

The disclosure, which was duly signed by the Company's Secretary, Seye Kosoko was made known to newsmen in Lagos.

The Board of Directors meeting will take place on Friday, 18th October 2019. The top agenda of the group's board meeting is for the board to consider the company's unaudited financial results for the period ended 30th September 2019.

Financial Metrics Nigeria reports that, in line with the group's board meeting, the company also declared a closed period. The closed period will hold from Thursday, 3rd October 2019 to 24 hours after the company's accounts have been filed with the exchange market.

This simply means that the company's directors, shareholders, employees, and anyone with vital information regarding their shares will not be allowed to trade within the closed period.

Financial Metrics Nigeria reports that First Bank's share price closed at N5.50 on Wednesday, 2nd October 2019. The group is currently listed on the Premium Board of the Nigerian Stock Market with a Market Capitalization of N197.42 billion. The company's outstanding shares stand at N35.89 billion.

Source: https://financialmetricsnigeria.com/first-bank-plc-bars-shareholders-from-trading-their-shares-holds-board-meeting-18th-oct/

Cc: Lalasticala, Mynd44, MissyB3, and Dominique.

Trading sessions on the nation's equity market closed bearish on Wednesday, 2nd October 2019.

This was a result of significant losses incurred by Mobil, Total, Nigerian Breweries, GTBank, and MRS. They dropped by -9.45%, -4.86%, -6.67%, -7.53% and -9.84% apiece. Investors traded 175.78 million shares units for the day, worth N2.57 billion in 3,539 deals.

The NSE All-Share Index (ASI) fell by -1.14% to close at 27,314.87 basis points for the day. The NSEASI Year-to-Date (YTD) currently stands at -13.09% at the end of today's session. The Market Capitalization went down by N153.67 billion to close at N13.29 trillion.

Neimeth Pharmaceutical Company Plc was the best-performing stock for the day. The health firm advanced by 10% to close at 44 Kobo. Continental Reinsurance Plc was up by 9.66% to close at N2.27. ABC Transport Plc rounded up the top three gainers for the day. The stock expanded by 8.82% to close at 37 Kobo.

Financial Metrics Nigeria reports that the Market Breadth closed negative with 11 gainers against 24 losers. The market turnover also closed negative for the day as volume sagged by -9.76% as against 4.01% recorded on Monday.

On the flip side, Fidson Healthcare Plc was the worst-performing stock for the day. The stock depreciated by 10% to close at N4.05%. Africa Prudential Plc shed -9.97% to close at N3.52. Ecobank Transnational Plc completed the top three losers for the day. The lender declined by 9.94% to close at N7.25.

Guaranty Trust Bank led the volume and value activity charts for the day. The lender transacted 25.29 million shares worth N684.18 million. NASCON Allied Industries Plc traded 20.76 million shares worth N274.08 million. First Bank of Nigeria was involved in 17.34 million shares units sold worth N94.28 million.

Source: https://financialmetricsnigeria.com/investors-lose-n153-67bn-as-nigerian-stock-market-continues-tanking/

Cc: Lalasticala, Mynd44, MissyB3, Dominique.

The Board and Management of Seplat Petroleum Plc have announced a closed period for the period ended 30th, September 2019.

This was contained in a statement sent to the Nigerian Stock Exchange (NSE) on Wednesday, 2nd October 2019. The notice was conveyed through the Company's Scribe Edith Onwuchekwa.

Financial Metrics Nigeria reports that the energy firm shall embark on a closed period from Tuesday, 1st October 2019 to Wednesday, 30th October 2019. The closed period will continue 24 hours after the release of Seplat Q3 2019 Unaudited Financial results.

The closed period will enable the company to complete and publish its Quarter Three (Q3) results for the period under review, 30th September 2019.

Financial Metrics Nigeria reports that listed companies are required to declare a closed period to enable them to complete their financial results at the end of every quarter. The Q3 closed period covers transactions carried out from the month of July 2019 to September 2019. 

Financial Metrics Nigeria reports that the company's directors, shareholders, potential investors, employees are not allowed to trade their shares within the stipulated dates.

Also, those discharging managerial responsibilities and those with vital information about Seplat Plc shares are also not authorized to transact their shares within the restricted days. 

Seplat Petroleum Plc shares price currently stands at N555. The company's price was unmoved today because it didn't trade on the bourse market. 


Source: https://financialmetricsnigeria.com/seplat-petroleum-plc-restricts-trading-of-its-shares-on-nigerian-stock-market/

Trading on the Nigerian Stock Exchange (NSE) closed bearish on Monday, 30th September 2019. This was as a result of major losses suffered by MTN Nigeria Plc, Unilever Plc, SEPLAT Petroleum Plc, Ecobank, and NASCON Allied Industries Plc.

The NSE All-Share Index (ASI) dips by -0.16% to close at 27,630.56 basis points for the day. Year-to-Date, the NSE All-Share Index currently stands at -12.09%.

The Consumer Goods Index, Insurance Index, Banking Index, Energy Index, and the Industrial Index all appreciated for the day. Contributing 1.26%, 1.85%, 1.56%, 0.35% and 1.85% to the market equity.

The Equity Capitalization fell by N21.7 billion to close at N13.45 trillion. A total of 2,910 deals were traded on the floor of the stock exchange market by investors.

The NSE Market Breadth closed positive with 18 gainers in contrast to 17 losers. Chemical and Allied Products Plc led the gainers' chart while John Holt Plc topped the losers' table.

Guaranty Trust Bank led the value and volume activity chart. GTBank traded 58.49 million shares worth N1.63 billion. Access Bank transacted 50.42 million shares valued at N385.97 million. First Bank of Nigeria ranked in N115.19 million from 21.21 million shares sold for the day.

Chemical and Allied Products Plc was the best-performing stock for the day. The stock was up by 9.89% to close at N25.55. Continental Insurance appreciated by 9.52% to close at N2.07. Nigerian Police Force Microfinance Bank rounded up the top three stock gainers for the day. The lender's stock was up by 9.09% to close at N1.20.

On the flip side, John Holt Plc was the worst-performing stock for the day. The stock declined by -9.84% to close at 55 Kobo. Ecobank Transnational Inc. went down by 9.55% to close at N8.05. UACN Property Development Company Plc completed the top three stock losers for the day. The stock depreciated by -9.48% to close at N1.05 on Monday.


Source: https://financialmetricsnigeria.com/nigerian-stock-market-investors-lose-n21-7bn-in-6-hours-as-sale-pressure-persists/

Cc: Lalasticala, Mynd44, Dominique, and MissyB3.

Trading on the Nigerian Stock Exchange (NSE) closed bearish on Monday, 30th September 2019. This was as a result of major losses suffered by MTN Nigeria Plc, Unilever Plc, SEPLAT Petroleum Plc, Ecobank, and NASCON Allied Industries Plc.

The NSE All-Share Index (ASI) dips by -0.16% to close at 27,630.56 basis points for the day. Year-to-Date, the NSE All-Share Index currently stands at -12.09%.

The Consumer Goods Index, Insurance Index, Banking Index, Energy Index, and the Industrial Index all appreciated for the day. Contributing 1.26%, 1.85%, 1.56%, 0.35% and 1.85% to the market equity.

The Equity Capitalization fell by N21.7 billion to close at N13.45 trillion. A total of 2,910 deals were traded on the floor of the stock exchange market by investors.

The NSE Market Breadth closed positive with 18 gainers in contrast to 17 losers. Chemical and Allied Products Plc led the gainers' chart while John Holt Plc topped the losers' table.

Guaranty Trust Bank led the value and volume activity chart. GTBank traded 58.49 million shares worth N1.63 billion. Access Bank transacted 50.42 million shares valued at N385.97 million. First Bank of Nigeria ranked in N115.19 million from 21.21 million shares sold for the day.

Chemical and Allied Products Plc was the best-performing stock for the day. The stock was up by 9.89% to close at N25.55. Continental Insurance appreciated by 9.52% to close at N2.07. Nigerian Police Force Microfinance Bank rounded up the top three stock gainers for the day. The lender's stock was up by 9.09% to close at N1.20.

On the flip side, John Holt Plc was the worst-performing stock for the day. The stock declined by -9.84% to close at 55 Kobo. Ecobank Transnational Inc. went down by 9.55% to close at N8.05. UACN Property Development Company Plc completed the top three stock losers for the day. The stock depreciated by -9.48% to close at N1.05 on Monday.


Source: https://financialmetricsnigeria.com/nigerian-stock-market-investors-lose-n21-7bn-in-6-hours-as-sale-pressure-persists/


Cc: Lalasticala, Mynd44, Dominique, and MissyB3.

The Board of Directors of United Bank for Africa (UBA) has scheduled a board meeting to approve the group's unaudited financial results. The board meeting will take place in Abuja on Thursday, 17th October 2019 by 9:00 am. 

This was disclosed to newsmen in a statement signed by the Company's Secretary Bili Odum. The statement was duly obtained by Financial  Metrics Nigeria. 

The scheduled Board meeting is a partial fulfillment for listed companies on the Nigerian Stock Exchange. They are obliged to meet, consider and approve their unaudited financial accounts at the end of every quarter. After obtaining the listed companies Board of Directors' approval, the unaudited accounts will be forwarded to CBN for final approval. 

Financial Metrics Nigeria garnered that the lender's board will approve its Q3 unaudited accounts for the period ended 30th September 2019.  They will also consider and approve its financial statements. 

Financial Metrics Nigeria reports that UBA shares went down by 0.81% on Monday 30th September 2019 to close at N6.15. 

https://financialmetricsnigeria.com/uba-board-meets-to-approve-q3-2019-unaudited-financial-results/

The Board of Directors of Access Bank Plc has announced that the company's board will meet on Friday, 25th October 2019.

This was disclosed in a notice sent to the Nigerian Stock Exchange on Monday, 30th September 2019. The notice was sent through the Company's Scribe, Sunday Ekwochi.

The main agenda of the meeting is for the company's board to consider and approve the group's unaudited financial results for the period ended September 30th, 2019.

Financial Metrics Nigeria reports that the Access Bank also declared a closed period on the trading of its shares. The closed period will commence on Wednesday, 1st October 2019.

Access Bank Shareholders, Directors, Employees, and potential investors are admonished not to trade their shares within the stipulated date. This is to enable the group to consider the company's quarter three (Q3) 2019 unaudited financial results.

Financial Metrics Nigeria reports that the closed period is in line with the post-listing requirements for companies listed on the stock exchange market.

Access Bank shares inched up by 0.65% to close at N7.70 in today's trading. The lender traded 50.42 million shares of its shares units worth N385.97 million on Monday's trading session.

With a Market Capitalization of N283.70 billion and outstanding shares of 35.55 billion shares units, the lender is currently listed on the NSE Premium Board.

Source: https://financialmetricsnigeria.com/access-bank-declares-closed-period-ahead-of-q3-2019-financial-results/

Cc: Lalasticala, Mynd44, Dominique, and MissyB3

The Nigerian Stock Exchange (NSE) closed in the negative territory for the week ended Friday, 27th September 2019. The Market Capitalization shed N11.2bn Week-to-Date. Similarly, the NSE All-Share Index dips by -0.09% Week-to-Date to close at 27,675.04 basis points. 

Financial Metrics Nigeria reports that the market bearish trend was as a result of the downturn recorded on the NSE Premium Board which drops by -0.99%.

Moreso, the NSE Banking Index, NSE AFR Div Yield Index, NSE MERI Growth Index and the Industrial Goods Index all recorded losses. They pulled the bourse market index down by -1.64%, -1.94%, -1.15% and -1.83% respectively.  

Rencap Securities (Nig) Limited is the best performing stockbroker for the week ended. The firm accounted for 12.08% of the total traded stocks by volume. Financial Metrics Nigeria reports that the Tier-One stockbroker transacted  265.06 million shares units worth. 

According to the NSE weekly report, Tellimer Capital Limited was involved in 264.40 million shares units traded on the floor of the exchange market. The stockbrokers' firm was actively involved in 12.05% deals.

Trailing Tellimer Capital Limited was Stanbic IBTC Bank. The financial services firm traded 6.97% total equities deals that were transacted last week. They accounted for 152.81 million shares units transacted. 

Conversely, Tellimer Capital Limited led the NSE stockbrokers to value activity chart for the week. They ranked in N12.85bn or 38.39% of the total deals traded last week. Rencap Securities Nig Ltd was involved in 20.47% deals traded by value worth N6.85bn. 

Stanbic IBTC Bank completed the top NSE three stockbrokers for the week. Stanbic IBTC recorded N1.58bn or 4.72% of the value of the transactions. 


Source: https://financialmetricsnigeria.com/stanbic-bank-tellimer-rencap-lead-nse-top-three-stockbrokers-in-nigeria/

The Nigerian Stock Exchange closed bearish for the week ended Friday, 27th September 2019 as key market growth indices were downturned. The bearish trend was as a result of heavy losses suffered by some blue-chips stocks such as; Stanbic IBTC Bank, Presco Plc and Cement Company of Northern Nigeria Plc.   

The NSE All-Share Index (ASI) was down by -0.09% to close at 27,698.69 basis points Week-to-Date. The NSEASI Year-to-Date currently stands at -11.95%.  

SEPLAT Petroleum Development Company Plc was the best performing stock for the week. The stock gained N96.69 to close at N556.60. Seplat Petroleum was up by 21% for the week. Continental Reinsurance Plc advanced by 20.38% to close at N1.89.

Total Nigeria Plc completes the top three traded stocks for the week. The stock appreciated by 20% to close at N120.  

A total turnover of 1.097 billion shares was traded this week by investors on the floor of the exchange market worth N16.693 billion. This is in contrast to 1.272 billion shares that exchanged hands last week by investors valued at N18.750 billion traded in 19,482 deals.  

On the flip side, Learn Africa Plc was the worst-performing stock for the week. The bluechip stock was down by 19.42% to close at N1.12. UACN Property Development Company Plc declined by 18.31% to close at N1.16. NPF Microfinance Bank Plc rounds up the top three losers chart for the week. The financial firm dips by 12% to close at N1.10.  

The Financial Services Industry, The Consumer Goods Industry and the Conglomerates Industry led the volume activity chart for the week, contributing N6.41 billion, N8.53 billion and  N203.24 million respectively to the total market equity.  

Source: https://financialmetricsnigeria.com/nigerian-stock-market-investors-lose-n11-52-billion-in-five-days-as-the-bourse-market-continues-bleeding/

The Board of Directors of Guaranty Trust Bank Plc has announced that they will be meeting to consider the company's Q3 unaudited financial results for the period ended 30th September 2019.

This was made known to newsmen in a notice sent to The Nigerian Stock Exchange on Friday, 27th September 2019. The memo was duly signed by the Company's Secretary Erhi Obebeduo.

The Board of Directors meeting is in line with the Securities and Exchange Commission and Nigerian Stock Exchange Acts for listed companies to meet at the end of every quarter to consider their financial results. 

According to the notice, the Company's Board of Directors will meet on Wednesday, 16th October to consider the unaudited financial results for the third quarter ended 30th September 2019.  

Financial Metrics Nigeria reports that the Tier-One Bank also announced a closed period. The closed period will commence on Monday 30th September 2019. The company's shareholders and potential investors are advised to withhold tradings on the stipulated date.  

Guaranty Trust Bank was down by 1.25% to close at N27.60 on Friday, 27th September 2019 on the floor of the Nigerian Stock Exchange. 

Financial Metrics Nigeria reports that the company will notify their shareholders of the decisions reached in the meeting. 

Source: https://financialmetricsnigeria.com/gtbank-board-mee…es-closed-period/

Cc: Lalasticala, Mynd44, Dominique, MissyB3.

Leading Tier 2 Bank, Unity Bank Plc, has announced its 13th Annual General Meeting (AGM). This was disclosed to newsmen in a corporate action sent to the Nigerian Stock Exchange on Wednesday, 26th September 2019. The notice was filed through the Company's Scribe, Mohammed Shehu.

Financial Metrics Nigeria reports that the company's 13th Annual General Meeting is scheduled to be held on Wednesday, 16th October 2019, at Musa Yar'adua's Center, Wuse, Abuja, at 10:00 am.

During the course of the AGM, the shareholders will receive the company's audited accounts for the year ended 31st December 2018. They will re-elect Directors. Financial Metrics Nigeria also announced that it will elect KPMG Professional Services as its new auditors.

The company's shareholders will also authorize the Directors to fix auditors' remuneration and elect members to the audit committee. The special business of the day is for shareholders to approve the Directors' remuneration.

Unity Bank Plc also announced the date for its closed period. The company's Register of Members shall be closed from Monday, October 7th, to Friday, 11th October 2019. The members of the public and potential investors are all advised not to trade their shares within the stipulated dates.

Financial Metrics Nigeria reports that Unity Bank Plc is currently trading at 68 Kobo per share unit on the floor of the exchange market.

Source: https://financialmetricsnigeria.com/unity-bank-annou…-general-meeting/

Trading on the nation's stock market closed bearish for the second day running this week as the bourse market continues on a bearish trend. 

The Market Breadth closed negative with six gainers against 28 losers on Tuesday, 25th September 2019. ABC Transport PLC led the top gainers' table while Cadbury Nigeria PLC was the worst-performing stock for the day. 

Nigerian Breweries was the most traded stock by volume and value for the day. The manufacturing firm traded 32.28 million shares worth N1.96 billion. First Bank of Nigeria transacted 13.34 million shares worth N72.81 million. UBA rounds up the top three traded stocks by value for the day. UBA sold 9.86 million shares worth N59.87 million. 

A total number of 2,922 deals was traded by the stock market investors, valued at N2.83 billion. The All Share-Index was down by -1.08% to close at 27,352.24 basis points. The Banking Index, Insurance Index, Oil & Gas Index, and the Consumer goods Index declined by -2.39%, -1.44%, -0.53%  and -0.36% respectively. Year -to-Date the NSE All-Share Index stands at -12.98%. 

ABC Transport was the best-performing stock for the day. The stock appreciated by 9.68% to close at 34 Kobo. NPF Microfinance Bank was up by 7.69% to close at N1.22. The United African Company of Nigeria (UACN) inched up by 6.99% to complete the top three gainers chart.  

On the flip side, Cadbury Plc was the worst-performing stock for the day. The consumer goods firm declined by 9.91% of its share price to close at N10.45. Sterling Bank was the worst-performing financial stock for the day. The stock went down by 8.64% to close at N2.01. 

Stanbic IBTC Bank completes the top three losers in today's trading. The financial firm depreciated by 8.28% to close at N39.30. 

Source: https://financialmetricsnigeria.com/cadbury-sterling…ressure-persists/

Cc: Lalasticala, Mynd44, Dominique.

Trading on the Nigerian equity market closed bearish for the week ended Friday, 20th September 2019. Week-to-Date, the NSE All-Share Index was down by -0.29 basis points to close the week's trading bearish.

Financial Metrics Nigeria reports that investors traded 19,482 deals worth N18.75 billion in contrast to 17,980 deals that were traded last week, valued at N14.082 billion.

Cornerstone Insurance PLC was the best-performing stock for the week. The stock appreciated by 30% to close at 39 Kobo. Livestock Feeds Plc gained 11 Kobo to close at 50 Kobo.

Stanbic IBTC Holdings PLC was the best-performing financial stock for the week. Stanbic IBTC Bank was up by 22.43% to close at N42.85.

On the flip side, Airtel Africa was the worst-performing stock for the week. Airtel Africa led the losers' chart with a 19% decline in its share price to close at N283.50. Champion Breweries follows suit with an 11.54% decline to close at N1.15.

Portland Paints & Products Nigeria Plc completes the top three losers for the week ended. The stock dips by 9.72% to close at N2.23.

First Bank of Nigeria, Guaranty Trust Bank, and Access Bank led the volume activity chart for the week. They accounted for 482.334 million shares transacted, worth N6.561 billion.

The Financial Services Industry, Consumer Goods Industry, and the Conglomerates Industry led the week's volume activity chart.

Source: https://financialmetricsnigeria.com/airtel-africa-leads-losers-chart-as-asi-dips-by-0-29-for-the-week/

The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 13.5% by a unanimous vote. This was made known to newsmen in Abuja at the end of the Apex Bank MPC Meeting that was held on Thursday, 19th, and Friday, 20th September 2019.

The Apex Bank Governor, Godwin Emefiele, noted that this was a result of "softening global growth and weaker-than-anticipated domestic output recovery." Mr. Emefiele also noted that the Purchasing Managers’ Indices (PMI) grew slightly for the 30th month while the Purchasing Non-Managers Index also increased for the 29th consecutive months. Though he noted that they grew marginally for the period under review.

Mr. Emefiele also raised an eyebrow concerning the continual bearish trend of the Nigerian Stock Market, which he attributed to investors' preference for fixed securities as well as increased activity in the bond market.

The CBN Governor also reassured Nigerians that the newly increased Value Added Tax (VAT) will help to reduce government borrowings in the financial budgets. It will also boost government fiscal revenue.

Recall that the CBN lately increased VAT from 5% to 7.5% to enable the FG to bridge the Budget deficit, among others.

Financial Metrics Nigeria reports that the CBN MPC resolved that the government should adopt the "Big Bang" Approach to buffer fiscal policies. As well as privatize redundant government public assets through a transparent process.





Source: https://financialmetricsnigeria.com/cbn-retains-interest-rate-at-13-5-as-mpi-grows-for-the-30th-consecutive-months/

Cc: Lalasticala, Mynd44.

The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria (FGN), has announced the September Bond offers for subscriptions.

This was contained in a circular that was made available to newsmen in Abuja on Monday, 16th September 2019. Financial Metrics Nigeria reports that the September Bonds offers are in three different categories.

The FG plans to sell a 5-year bond valued at N45 billion with a 12.75% interest rate. It will also sell 10-Year Re-opening N50bn FGN bond at 14.55% rate. Then, finally 30-Year Re-opening N55bn bond witha  14.80% interest rate.

Financial Metrics Nigeria garnered that the Bonds Auction date is on Wednesday, September 25, 2019, while the Settlement date is on Friday, September 27, 2019.

Access Bank, First Bank, UBA, Zenith Bank, Guaranty Trust Bank, and FBNQues are among the designated Banks to sell the Bonds.

Financial Metrics Nigeria reports that the bonds’ interests will be payable semi-annually. Investors have no cause for alarm, as the bonds are fully backed by the FG and their investments are fully secured, with interest payments also guaranteed.

Investors are also notified that the Debt Management Office (DMO) reverses the right to alter the amount allotted based on market responses and swifts.


Source: https://financialmetricsnigeria.com/240-2/

The Nigerian Stock Market closed bearish on Thursday, 19th September 2019, as key market indices sank after yesterday's gains.

The All-Share Index (ASI) dips by -0.13% to close at 27,646.15 basis points. Year-to-Date, the ASI is currently down by -12.04%. The NSE Equity Capitalization stood at N13.46 trillion at the end of today's trading.

The Market Breadth closed positive with 22 gainers against 16 losers recorded for the day. A total number of 3,450 deals were traded on the exchange floor, valued at N1.67 billion.

First Bank of Nigeria led the volume and value charts. The Tier one bank ranked in N390.06 million for the day. Sterling Bank sold share units worth N135.43 million while UBA transacted deals worth N80.98 million.

Consolidated Hallmark Insurance Plc was the best-performing stock for the day. The stock was up by 10% to close at 33 Kobo. Linkage Assurance Plc appreciated by 9.80% to close at 56 Kobo. Continental Reinsurance Plc completes the top three gainers for the day. The stock gained 9.79% to close at N1.57.

On the flip side, University Press Plc was the worst-performing stock for the day. University Press declined by 8.70% to close at N1.05. Neimeth International Pharmaceuticals Plc was down by 8.33% to close at 44 Kobo.

Cutix Plc rounds up the top three losers for the day. Cutix Plc decreased by 7.97% to close at N1.42.

Source: https://financialmetricsnigeria.com/nigerian-stock-market-investors-lose-n17-26bn-as-market-turnover-closes-negative/

bjbjbj:
Before you jump into trading try to educate yourself. That's what I do for a living. Day trader

Please, what are the names of these books and their authors?

Thanks.

The Nigerian Stock market closed bullish on Wednesday following the listing of MTN Nigeria. The market breadth closed with 10 gainers and 25 losers. NPF Micro Finance Bank Plc led the top gainers' chart while Unity Bank Plc was the top loser for the day.

The All Share-Index appreciated by 0.54% to close at 28,438.19 basis points as against 28,286.08 basis points recorded yesterday. Year-to-date, the NSEASI stands at -9.52%.

The NSE Equity Capitalization appreciated for the day. The market capitalization closed at N12.525 trillion as against N10.626 trillion recorded the previous day. This is largely due to the listing of MTN Nigeria's 20.4 billion shares valued at N1.84 trillion as the bulls returned.

Transnational Corporation of Nigeria was the most traded stock by volume in today's trading. The company sold 105.5 million units of its shares valued at N130.1 million. Access Bank traded 23.5 million shares worth N153.6.

First City Monument Bank transacted 23.2 million units valued at N39.3 million. UBA ranked in N121.5 million from 19.7 million share units. Zenith Bank was the most traded stock by value. The lender sold 16.4 million shares worth N325.3 million.

NPF Micro Finance Bank Plc was the best-performed stock for the day. The stock was up by 9.70% to close at N1.49. ABC Transport Plc gained 7.41% to close at 29 Kobo. 

Wapic Insurance Plc appreciated by 5.56% to close at 38 Kobo. Courtville Business Solutions Plc went up by 4.17% to close at 25 Kobo. Lasaco Assurance Plc completes the top five gainers for the day. The stock went up by 3.45% to close at 30 Kobo.

On the flip side, Unity Bank was the worst-performing stock for the day. The stock shed 9.72% to close at 65 Kobo. Cutix Plc declined by 8.33% to close at N1.65.

Sovereign Trust Insurance Plc was down by 8% to close at 23 Kobo. Wema Bank went down by 6.06% to close at 62 Kobo. Africa Prudential Plc rounds up the top five losers for the day. The company's stock declined by 5.76% to close at N3.60.  

Source:https://businesshournigeria.com/the-bulls-return…n-stock-exchange/

The Nigerian stock market closed bearish on Tuesday. The NSE All Share-Index (ASI) depreciated by 0.22% to close at 28,422.76 basis points. Year-to-date, the All Share Index was down by 9.57%.

The equity market capitalization closed at N10,678 trillion as against N10.701 trillion recorded the previous day. The market breadth closed with 20 gainers and 16 losers. Neimeth International Pharmaceuticals Plc led the gainers' chart while University Press Plc was the worst-performing stock for the day.

Guaranty Trust Bank was the most traded stock by volume and value. The stock sold N33.1 million units valued at N1 billion. Zenith Bank sold 27 million units worth N537.8 million. Access Bank came through with 23 million units valued at N156 million. UBA transacted 19.4 million units worth N120.3 million. First Bank Plc completes the top five traded stocks for the day. The company sold 8.9 million units of its shares worth N64.6 million.

Neimeth International Pharmaceuticals Plc was the best-performing stock for the day. The stock appreciated by 9.09% to close at 60 Kobo. Courtville Business Solutions Plc went up by 8.33% to close at 26 Kobo.

Thomas Wyatt Nigeria Plc increased by 8% to close at 27 Kobo. A.G Leventis Nigeria Plc appreciated by 7.69% to close at 28 Kobo. Japaul Oil Plc completes the top five gainers for the day. The stock gained 7.14% to close at 30 Kobo.

On the other side, University Press Plc was the worst-performing stock for the day. The stock shed 9.73% to close at N1.67. Chams Plc and Royal Exchange Plc both declined by 8.33% to close at 33 Kobo and 22 Kobo, respectively.

Goldlink Insurance Plc went down by 4.76% to close at 20 Kobo. Honeywell Flour Mills Plc rounds up the top five losers table. The stock depreciated by 4.35% to close at N1.10.

Source: https://businesshournigeria.com/equity-capitaliz…remains-negative/

The Nigerian Stock Exchange (NSE) opens the week tradings' on a  bearish note. The All Share-Index (ASI) declined by 1.26% to close at 28,484.44 basis points. Year-to-Date the ASI was down by 9.37%. 

The equity market capitalization closed at N10.701 trillion in contrast to N10.842 trillion recorded last week Friday. The market breadth closed with 11 gainers and 30 losers. Okomu Oil led the gainers' chart while NEM Insurance Plc led the top losers' chart. 

United Capital Plc was the most traded stock by volume. The stock sold 41.2 million units of its shares valued at N289.1 million. Guaranty Trust Bank was the most traded stock by volume. The company sold 37.9 million shares valued at N1.1 billion.

UBA sold 15.9 million units worth N96.8 million. Sterling Bank transacted 13 million units valued at N34.4 million. Transnational corporations of Nigeria ranked in 12.2 million units valued at N14.2 million.

Okomu Oil Palm Company Plc was the best-performed stock for the day. The stock appreciated by 10% to close at N77. Neimeth International Pharmaceuticals plc also appreciated by 10% to close at 55 Kobo.

AG Leventis Nigeria Plc was up by 8.33% to close at 26 Kobo. Africa Prudential Plc appreciated by 7.91% to close at N3.82. Japaul Oil completes the top five gainers for the day. The stock increased by 7.69% to close at 28 Kobo.

NEM Insurance Plc was the worst performed stock for the day. The stock shed 10% to close at N2.25. Chams Plc also depreciated by 10% to close at 36 Kobo. United Capital Plc was down by 9.37% to close at N2.32.

Goldlink Insurance Plc declined by 8.70% to close at 21 Kobo. Jaiz Bank Plc rounds up the top five losers chart. The stock went down by 8% to close at 46 Kobo. 

Source: : https://businesshournigeria.com/investors-lose-n…ontinues-tanking/.

Cement Company of Northern Nigeria (CCNN) has announced its first quarter 2019 unaudited financial results for the period ended 31st March 2019.

The company grew its revenue from N5.39 to N16.89 billion. Year-on-Year this shows a performance growth of 213.36% for the period ended. The company's cost of sales surged from N3.1 billion to N9.1 billion.

Business Hour Nigeria reports that CCNN gross profit appreciated from N2.2 billion to N7.6 billion. This shows Year-on-Year gross profit growth of 245.5%. Whilst the company's other income grew from N116.8 million to N2.1 billion.

The company grew its Profit Before Tax (PBT) from N1.5 billion to N5.3 billion. This shows PBT growth of  253.3% on Year-on-Year performance basis. Cement Company of Northern Nigeria reported Profit After Tax (PAT) of N3.6 for the period ended. The company grew its PAT from N1.1 billion in Q1 2018 to N3.6 billion in Q1 2019. Year-on-Year the company's PAT was up by 227.3%.

However, the company's Earnings Per Share (EPS) declined by 58 Kobo per share. The company's Earnings Per Share declined from 86 Kobo to 28 Kobo. Year-on-Year CCNN EPS was down by 67.4%. 

The selling and distribution expenses soared from N245.87 million to N1 billion. Whilst its administrative expenses increased from N597.65 million to N1.29 billion. 

Source: https://businesshournigeria.com/cement-company-o…rst-quarter-2019/ ‎

CC: Lalasticlala, Mynd44.

The Nigerian stock market closed Friday's tradings bearish. The exchange market traded negatively throughput the week as key market indices continue tanking.

The All Share-Index (ASI) fell by 0.17% in today's tradings compared to 0.24% decline recorded the preceding day. Year-to-Date the ASI was down by 8.24%.

The market capitalization closed at N10.842 trillion as compared to N10.860 trillion the previous day. Nigerian stock market investors lost N18.21 billion in today's tradings as sell-off persists. Weak-on-Weak the equity capitalization went down by N136.88 trillion.

Sovereign Trust Insurance Plc was the best-performed stock for the day. The stock appreciated by 8.70% to close at 25 Kobo. NEM Insurance Plc went up by 7.76% to close at N2.50. Prestige Assurance Plc gained 6.38% to close at 50 Kobo.

Stanbic IBTC Bank Plc was up by 5.26% to close at N46. Royal Exchange Plc completes the top five gainers chart. ABC Transport Plc was the worst-performed stock for the day. The stock declined by 10% to close at 27 Kobo.  Seplat Petroleum Plc went down by 9.98% to close at N522.

Africa Prudential Plc shed 9.92% to close at N3.54 Kobo. Veritas Kapital Assurance Plc and Chams Plc declined by 9.09% to close at 20 Kobo and 40 Kobo respectively.

Sovereign Trust Insurance Plc was the top traded stock by volume for the day. The company sold 44.5 million units valued at N11.1 million. Sterling Bank transacted N24.7 million units valued at N65.7 million.

Access Bank sold 20.9 million units worth N147.4 million. Zenith Bank led the top traded stock by value for the day. The lender's traded 16.6 million units worth N332.8 million. 

Transnational Corp of Nigeria Plc completes the top five traded stock for the day. The company sold 16.3 million shares valued at N18.3 million.

Source:https://businesshournigeria.com/nigerian-stock-m…ion-in-five-days/

The Nigerian Stock Exchange ended Thursday's trading bearish. The All Share-Index shed 0.24 percent to close at 28,896.25 basis points. Year-to-date, the NSEASI was down by 8.06%.

The market Equity Capitalization closed at 10.860 trillion as against N10.935 trillion the previous day. The NSE Equity Capitalization fell by N26.37 billion in today's trading. The market breadth closed with 8 gainers and 19 blue-chip losers.

Veritas Kapital Assurance Plc was the best-performed stock in today's trading. The stock appreciated by 10% to close at 22 Kobo. Axa Mansard Health Insurance went up by 5.41% to close at N1.95.

FCMB was the best-performing financial stock for the day. The stock went up by 5% to close at N1.89. Regency Alliance Insurance Plc appreciated by 4% to close at 26 Kobo. Africa Prudential Plc completes the top five gainers for the day. The stock increased by 3.15% to close at N3.93.

Japaul Oil was the worst-performing stock for the day. The stock declined by 10% to close at 27 Kobo. Caverton Offshore Supports Group Plc went down by 9.96% to close at N2.44.

Neimeth Int'l Pharmaceuticals Plc declined by 9.84% to close at 55 Kobo. Chams Plc shed 8.33% to close at 44 Kobo. AG Leventis (Nig) Plc completes the top five losers chart for the day. The stock declined by 7.69% to close at 24 Kobo. Access Bank led the top five traded stocks for the day.

Access Bank traded 40.7 million units valued at N283.4 million. Sterling Bank sold 23.7 million units valued at N63.9 million. Lasaco Assurance Plc rounded the top five traded stocks for the day. The stock traded 10.7 million units worth N3.2 million. Zenith Bank and Guaranty Trust Bank were the top traded stocks by value.

Zenith Bank transacted 28.6 million units of its shares worth N576.4 million. Guaranty Bank Plc ranked in N414.7 million from 12.7 million shares sold.

Lasaco Assurance Plc rounded up the top five traded stocks by volume for the day. The stock traded 10.7 million units worth N3.2 million.

Source: https://businesshournigeria.com/access-bank-lead…-closes-negative/

CC: Lalasticala, Mynd44, Dominique.