Market sustains bullish trend, advances further by 6.39% WoW

The Nigerian equity market last week only traded for four days as the Federal Government of Nigeria declared Thursday, 29th October as a public holiday to commemorate Eid-el-Maulud.

The NSE All-Share Index and Market Capitalization appreciated by 6.39% to close the week at 30,530.69 and N15.958 trillion respectively.

A total turnover of 1.909 billion units of share, valued at N23.610 billion in 23,578 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 1.505 billion shares valued at N19.668 billion that exchanged hands the previous week in 20,552 deals.

The Financial Services industry led the activity chart with 1.478 billion shares valued at N15.576 billion traded in 12,546 deals; thus contributing 77.41% and 65.97% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 131.788 million shares worth N2.613 billion in 4,112 deals. The third place was the Industrial Goods, with a turnover of 83.526 million shares worth N3.573 billion in 1,818 deals.

Trading in the top three equities namely FBN Holding Plc, Zenith Bank Plc and Access Bank Plc accounted for 576.514 million shares worth N6.791 billion in 4,652 deals, contributing 30.19% and 28.76% to the total equity turnover volume and value respectively.

Similarly, all other indices finished higher with the exception of the NSE ASeM Index that closed flat.

Sixty-eight (68) equities appreciated in price during the week, higher than twenty-eight (28) equities in the previous week. Six (6) equities depreciated in price, lower than thirty-five (35) equities in the previous week, while ninety-four (94) equities remained unchanged, lower than ninety-nine (99) recorded in the previous week.

AIRTEL AFRICA PLC

Airtel proposed $1.5c (One and half cents of the US dollar) dividend per ordinary share to its shareholders. Qualification date is on Thursday, 12 November, 2020. Closure date is on Friday, 13 November, 2020. Payment date is on or around Friday, 11 December, 2020

NESTLE NIGERIA PLC

Nestle Nigeria Plc proposed N25 dividend per ordinary share to its shareholders. Qualification date is on 20th November, 2020. Closure date is on 23rd November, 2020. Annual General Meeting is scheduled for 7th December, 2020. Payment date is on 7th December, 2020.

NIGERIAN BREWERIES PLC

Nigerian Breweries Plc proposed 25 kobo interim dividend per ordinary share to its shareholders. Qualification date is on 20th November, 2020. Closure date is on 23rd November, 2020. Annual General Meeting is scheduled for 1st December, 2020. Payment date is on 1st December, 2020.

UNION DICON SALT PLC

Investing public have been notified of the lifting of suspension of Union Dicon Salt Plc, one of the six listed companies that were suspended on 1 September 2020. The suspension placed on trading on the shares of the Union Dicon Salt Plc was lifted on Monday, 19 October 2020. This is in view of the Company’s submission of its outstanding financial statements, and pursuant to Rule 3.3, of the Default Filing Rules.

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