Daily Stock Market Scorecard, 28th September 2020

Market Summary

Trading at the Nigerian Stock Exchange (NSE) continued its bullish run as the All-Share Index (ASI) appreciated by 0.72% to close at 26,507.84. Today’s gain abates the year-to-date loss of the Market to -1.25%.

All market indices also closed in the green zone. Noticeably, market sentiments were strengthened by gains recorded by companies in the Oil and Gas, Insurance and Brewing industries.

TOTAL Plc led in the gainers’ chart while OANDO followed in the third position as President Muhammadu Buhari submits the much anticipated Petroleum Industry Bill (PIB) to the National Assembly today.

The Market Capitalization of listed equities gained N98.51 billionto close at N13.85 trillion.

See below for a snapshot of changes in the stock market and economic indicators.

Market Breadth

Total Plc led the gainers’ chart with a gain of 10.00% while UAC Properties Plc lost -10.00% to finish as the biggest loser. See the list of top gainers and losers below:

Market Volume

In 4,602 deals, Investors exchanged over 336 million units of shares valued at over N4.029 billion. Zenith Bank, MTNN and GTB dominated the turnover chart. See top 10 traded stocks below:

Corporate Disclosures

Zenith Bank Plc – Notification of Share Dealing by Insider
  • Name: Dr. Temitope Fasoranti (Executive Director) … Read here
  • Nature of Transaction: Purchase of shares
  • Volume: 1,000,000 units
  • Price: N17.00 Per unit
  • Name: Dennis Olisa (Executive Director)… Read here
  • Nature of Transaction: Purchase of shares
  • Volume: 1,000,000 units
  • Price: N17.00 Per unit
Cadbury Nigeria Plc – Notice of Closed Trading Period

The company has notified the shareholders and other relevant “insiders”, that Cadbury Nigeria Plc has commenced a Closed trading period from 24th September 2020 to end 24 hours after the Quarter 3 2020 Unaudited Financial Statements have been released to the public, after which the trading period will be resumed… Read here

The Okomu Oil Palm Company Plc – Notification of Share Dealing by Insider
  • Name: Socfinaf S.A. (Substantial Shareholder – Foreign) … Read here
  • Nature of Transaction: Purchase of shares
  • Aggregate Volume: 157,876 units
  • Average Price: N79.77 Per unit
  • Name: Socfinaf S.A. (Substantial Shareholder – Foreign) … Read here
  • Nature of Transaction: Purchase of shares
  • Aggregate Volume: 285,778 units
  • Average Price: N79.66 Per unit
Chemical and Allied Products Plc – Notice of Board Meeting and Closed Period

The Board of Chemical and Allied Products Plc (the “Company”) will meet in Lagos on Monday October 19, 2020 to consider among other things, the Company’s unaudited financial results for the period ended September 30, 2020 (the “Q3 Results”). Consequently, in accordance with the relevant provisions of the NSE Rule Book, the Closed Period for trading in the shares of the Company will commence on October 2, 2020 in respect of the Q3 Results… Read here

UBA Plc – Notification of Share Dealing by Insider
  • Name: Tony O. Elumelu, CON (Board Chairman) … Read here
  • Nature of Transaction: Purchase of shares
  • Aggregate Volume: 4,817,855 units
  • Average Price: N5.9999 Per unit
Cutix Plc – Notification of Share Dealing by InsiderRead here
  • Name: Adtec Ltd.
  • Nature of Transaction: Purchase of shares
  • Volume: 1,120,000
  • Price: N1.70 unit
Fidelity Bank Plc – Notification of Share Dealing by Insiders
  • Name: Mr. Mustafa Chike-obi (Non-Executive Director) … Read here
  • Nature of Transaction: Purchase of shares
  • Aggregate Volume: 32,444,094 units
  • Average Price: N1.82 per unit
  • Name: Mr. Gbolahan Joshua (Executive Director) … Read here
  • Nature of Transaction: Purchase of shares
  • Aggregate Volume: 6,300,000 units
  • Average Price: N1.86 per unit
UACN Plc – Notification of Share Dealing by InsidersRead here
  • Name: Blankeney LLP
  • Nature of Transaction: Sale of shares
  • Aggregate Volume: 110,891,304 units    
  • Average Price: N5.57 per unit
  • Name: Mbonu, Okechukwu John (Non-Executive Director) … Read here
  • Nature of Transaction: Purchase of shares
  • Aggregate Volume: 500,000 units            
  • Average Price: N6.35 per unit

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