Zenith Bank, FBN Holdings, Fidelity Bank Accounted For 248.273 Million Shares Worth N3.288 Billion In 2,988 Deals, As Nigerian Stocks End Week Bearish, Dips By 0.01%

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By Rashidat Olushola Okunlade

…Cadbury Nigeria Plc, Prestige Assurance Plc And May & Baker Plc leads Top 10 Gainers for the Week End Friday, May 21st 2021

The Nigerian stock market continued on a downward trend on Friday to close the week’s trading session negative.

On the floor of the Nigerian Exchange Limited, the All-Share Index further declined by 0.01 per cent to close at 38,324.07 points.

Amid sustained bearish activity, the market capitalisation dropped to approximately N19.98tn, while investors lost N1.67bn.

Trading activity saw an equal number of 16 stocks appreciate and depreciate apiece, while the year-to-date returns of the ASI rose to -4.83 per cent.

Speaking on the negative sentiment, analysts at Cowry Asset Management, explained, “We saw investors offload part of their holdings in stocks such as Julius Berger Nigeria, C&I Leasing, Guaranty Trust Bank, BUA Cement and PZ Cussons Nigeria.”

The share prices of their respective stocks moderated by 9.05 per cent, 9.78 per cent, 0.85 per cent, 0.20 per cent and 1.85 per cent.

Sectoral performance was weak as three out of the five indices tracked closed in the red zone.

The banking, oil and gas and industrial indices fell by 0.25 per cent, 0.26 per cent and 0.09 per cent respectively, while the insurance and consumer goods indices rose by 1.19 per cent and 0.04 per cent in that order.

Trading activity however appreciated as total deals, volume and value of stock traded rose.

The total volume of stock, at the close of the week’s trading, rose to 174.3 million units, valued at N1.95bn in 2,581 deals.

NGX: Shares value drop by 19.9%

Summary of Market Report For May 21st 2021

Equity: A total turnover of 1.048 billion shares worth N11.543 billion in 17,233 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 840.334 million shares valued at N9.561 billion that exchanged hands last week in 13,239 deals.

The Financial Services Industry (measured by volume) led the activity chart with 674.741 million shares valued at N5.589 billion traded in 9,405 deals; thus contributing 64.41% and 48.42% to the total equity turnover volume and value respectively.

The Conglomerates Industry followed with 94.524 million shares worth N630.366 million in 828 deals. The third place was ICT Industry, with a turnover of 87.137 million shares worth N630.903 million in 539 deals.

Trading in the top three equities namely Zenith Bank Plc, FBN Holdings Plc and Fidelity Bank Plc (measured by volume) accounted for 248.273 million shares worth N3.288 billion in 2,988 deals, contributing 23.70% and 28.49% to the total equity turnover volume and value respectively.

Equity Turnover: Last 5 days Date Deals Turnover Volume Turnover Value (N) Traded Stocks Advanced Stocks Declined Stocks Unchanged Stocks 17-May-21 4,394 357,693,311 3,564,657,217 101 22 14 65 18-May-21 3,940 204,646,759 1,839,718,914 105 16 22 67 19-May-21 3,494 153,643,309 2,445,583,067 105 23 25 57 20-May-21 2,824 157,261,295 1,739,968,267 104 18 19 67 21-May-21 2,581 174,304,244 1,952,625,984 102 16 16 70

Nigerian Exchange (NGX) Weekly Repert ETPs: A total of 5,646 units valued at N623,224 were traded this week in 14 deals compared with a total of 14,477 units valued at N258,795.90 transacted last week in 4 deals.

S/N Security Deals Volume Value

1 STANBICETF30 8 3,405 258,383.40

2 VSPBONDETF 2 2,201 364,287.40

3 VETGRIF30 2 20 329.30

4 VETINDETF 1 10 187.90

5 VETBANK 1 10 36.20

TOTAL 14 5,646 623,224

Bonds: A total of 80,998 units valued at N81.944 million were traded this week in 22 deals compared with a total of 151,345 units valued at N157.944 million transacted last week in 75 deals.

S/N Security Deals Volume Value

1 FG112024S1 1 29,683 31,032,638.26

2 FGSUK2027S3 3 27,720 28,617,701.54

3 FG132036S2 7 15,895 14,605,454.16

4 FG142027S1 4 2,958 3,395,916.13

5 FG112034S2 1 2,500 2,199,439.05

6 FGS202245 2 1,778 1,622,005.53

7 FG9B2022S1 2 254 242,170.20

8 FGSUK2025S2 1 200 218,367.94

9 FGS202255 1 10 10,693.37 TOTAL 22 80,998 81,944,386

The NSE All-Share Index and Market Capitalization depreciated by 2.93% to close the week at 38,324.07 and N19.975 trillion respectively.

Similarly, all other indices finished lower with the exception of NSE Oil and Gas, NSE Growth and NSE Sovereign Bond Indices which appreciated by 7.39%, 0.62% and 3.02% while the NSE ASeM Index closed flat. (See summary of index movements in the table below):

INDEX WEEK CLOSE 14/05/2021 WEEK CLOSE 21/05/2021 WEEKLY CHANGE WtD MtD QtD YtD % Change

The NSE All-Share Index (ASI) 39,481.89 38,324.07 -1,157.82 -2.93 -3.79 -1.85 -4.83 The NSE-Main Board Index 1,760.28 1,684.93 -75.35 -4.28 -4.13 -3.23 -2.37 NSE 30 Index 1,580.97 1,557.65 -23.32 -1.48 -2.55 0.11 -5.03

NSE CG Index 1,173.85 1,161.20 -12.65 -1.08 -0.86 -1.24 -4.87

NSE Premium Index 3,446.80 3,403.05 -43.75 -1.27 -1.85 4.95 -1.95

NSE Banking Index 367.42 361.80 -5.62 -1.53 2.76 -2.13 -7.94

NSE Pension Index 1,435.31 1,423.93 -11.38 -0.79 0.91 4.50 2.54

Weekly Report NSE Insurance Index 204.89 203.38 -1.51 -0.74 0.94 -0.57 7.32

NSE ASeM Index 731.18 731.18 0.00 0.00 0.00 0.00 0.18

NSE-AFR Bank Value Index 1,054.79 1,032.78 -22.01 -2.09 0.76 -3.47 -7.22

NSE AFR Div Yield Index 2,254.32 2,190.78 -63.54 -2.82 2.17 3.97 8.57

NSE MERI Growth Index 1,700.68 1,688.98 -11.70 -0.69 -1.31 2.85 2.11

NSE MERI Value Index 1,778.67 1,761.93 -16.74 -0.94 2.49 1.84 -4.83

NSE Consumer Goods Index 563.58 563.43 -0.15 -0.03 0.92 3.77 -1.73

NSE Oil/Gas Index 285.47 306.58 21.11 7.39 13.92 15.31 35.53 NSE Lotus II 2,706.99 2,657.72 -49.27 -1.82 -4.28 0.25 -6.62

NSE Industrial Goods Index 1,931.54 1,867.06 -64.48 -3.34 -4.14 -1.20 -9.03

NSE Growth Index 1,026.56 1,032.97 6.41 0.62 0.16 0.31 4.14

NSE Sovereign Bond Index 788.79 812.64 23.85 3.02 -8.13 -17.43 -18.74 PRICGES Twenty-six (26) equities appreciated in price during the week, lower than thirty-three (33) in the previous week. Forty-one (41) equities depreciated in price higher than nineteen (19) equities in the previous week, while ninety-three (93) equities remained unchanged lower than one hundred and eight (108) equities recorded in the previous week.

Weekly Report Top 10 Price Gainers Top 10 Price Decliners S/N Security Closure Date Last Close Price Dividend Bonus Ex-div/ExScrip Price

1 Cadbury Nigeria Plc 17/5/2021 N8.40 N0.18 – N8.22

2 Prestige Assurance Plc 18/5/2021 N0.46 N0.025 – N0.435

3 May & Baker Plc 19/5/2021 N4.50 N0.30 N4.20 

CardinalStone Financing SPV Plc:Listing of Bonds Trading License Holders are hereby notified that the N5 Billion Series 1, 5 years 7% Fixed Rate Bonds due 2025 under the CardinalStone Financing SPV Plc’s N10 Billion Debt Issuance Program were on Thursday, 20 May 2021 listed on the Nigerian Exchange Limited.

Below are details of the bonds. Company Open Close Gain (N) % Change

ETERNA PLC. 6.60 8.00 1.40 21.21

PRESTIGE ASSURANCE PLC 0.46 0.53 0.07 15.22

STERLING BANK PLC. 1.48 1.67 0.19 12.84

MRS OIL NIGERIA PLC. 10.90 12.10 1.20 11.01

ASSOCIATED BUS COMPANY PLC 0.37 0.41 0.04 10.81

THE INITIATES PLC 0.40 0.44 0.04 10.00

SEPLAT PETROLEUM DEVELOPMENT COMPANY PLC 620.00 682.00 62.00 10.00

MUTUAL BENEFITS ASSURANCE PLC. 0.40 0.44 0.04 10.00

TRANS-NATIONWIDE EXPRESS PLC. 0.81 0.89 0.08 9.88

TRANSCORP HOTELS PLC 3.25 3.57 0.32 9.85 Company Open Close Loss (N) % Change C & I LEASING PLC. 5.00 4.06 -0.94 -18.80

ROYAL EXCHANGE PLC. 0.76 0.62 -0.14 -18.42

LINKAGE ASSURANCE PLC 0.69 0.60 -0.09 -13.04

SUNU ASSURANCES NIGERIA PLC. 0.54 0.47 -0.07 -12.96

AIRTEL AFRICA PLC 930.00 837.00 -93.00 -10.00

B.O.C. GASES PLC. 12.25 11.03 -1.22 -9.96

PORTLAND PAINTS & PRODUCTS NIGERIA PLC 2.74 2.47 -0.27 -9.85

NIGERIAN ENAMELWARE PLC. 19.90 17.95 -1.95 -9.80

S C O A NIG. PLC. 2.15 1.95 -0.20 -9.30

JULIUS BERGER NIG. PLC. 21.00 19.10 -1.90 -9.05

FirstBank Firstmonie

Weekly Report Particulars Bond Details Issuer CardinalStone Financing SPV Plc Bond Description N5 Billion 5 Years 7% Series One (1) Fixed Rate Bonds Due 2025 Under the CardinalStone Financing SPV Plc’s N10 Billion Debt Issuance Program.

Program Size N10,000,000,000.00 Quantity to be Listed 5,000,000 Offer Size N5,000,000,000.00 Bond Price N1,000 Series Series 1 Symbol Name 7.00% CSF DEC 2025 ISIN NGCSF2025S15 Codes CSF2025S1 Tenor 5 years Maturity Date 30 December 2025 Interest Rate 7% Stockbrokers CardinalStone Securities Limited, Mecure Industries Funding SPV Plc: Listing of Bonds:

Trading License Holders are hereby notified that the N3,000,000,000, 13% Senior Secured Fixed Rate Bonds Due 2026 under the Mecure Industries Funding SPV Plc’s N20,000,000,000 Bond Issuance Program was on Friday, 21 May 2021 listed on the Nigerian Exchange Limited.

Below are details of the bonds. Issuer Mecure Industries Funding SPV Plc Security Name 13.00% MCI MAR 2026 Symbol Code MCI2026S1 ISIN Code NGMCI2026S17

Bond Description 13% Senior Secured Fixed Rate Series 1 Bonds Due 2026 Program Amount N20,000,000,000 Series Number One (1) Volume 3,000,000 Par value N1,000.00 Series Amount N3,000,000,000 Price 100% at par Coupon 13% Issue Date 31 March 2021 Maturity Date 31 March 2026 Tenor 5 years Coupon Payment Date September and March.

FOR NEWS UPDATE AND ADVERT PLACEMENT, CALL 08188776194-08082881578 or CONTACT US VIA EMAIL rotamedianews@gmail.com

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