Economy

Japaul Shares Begin Another Surge, Rise 40%

Published

5 years ago

12/04/2021

By Dipo Olowookere

Japaul shares are again witnessing another round of price appreciation on the floor of the Nigerian Stock Exchange (NSE).

Last week, during the four-day trading session, the value of the company’s stocks increased by 40 per cent or 18 kobo to settle at 63 kobo in contrast to 45 kobo it closed at the preceding week, which also had four trading days.

The rise in the equity of the company made it to close as the best-performing stock in the week and was distantly followed by Consolidated Hallmark Insurance, which gained 12.50 per cent to close at 36 kobo.

Linkage Assurance appreciated in the week by 11.11 per cent to settle at 80 kobo, The Initiates rose by 9.52 per cent to 46 kobo, while Royal Exchange grew by 9.09 per cent to 36 kobo.

At the close of business for the week, a total of 17 equities appreciated in price, lower than 42 equities in the previous week.

On the losers’ chart, there were 40 equities, higher than 22 equities in the previous week and they were led by Guinness Nigeria, which declined by 17.27 per cent to sell for N29.70.

Sterling Bank depreciated by 15.68 per cent to N1.56, Mutual Benefits Assurance lost 15.22 per cent to trade at 39 kobo, MRS Oil fell by 9.92 per cent to N10.90, while Aluminium Extrusion depreciated by 9.88 per cent to N7.30.

Business Post reports that a total of 105 stocks closed flat at the market last week, higher than 98 shares recorded in the previous week.

Generally, the bears dominated the market in the week as the All-Share Index and market capitalisation depreciated by 0.13 per cent to close at 38,866.39 points and N20.335 trillion respectively.

All other indices finished lower with the exception of NSE Premium, NSE MERI Growth, consumer goods, NSE Lotus II and NSE Growth indices which appreciated by 0.62 per cent, 0.28 per cent, 1.12 per cent, 1.11 per cent and 0.62 per cent while the NSE ASeM index closed flat.

On the activity chart, investors traded 887.0 million shares worth N9.2 billion in 17,837 deals, lower than the 1.5 billion shares valued at N19.0 billion transacted the preceding week in 17,400 deals.

The financial services industry led the activity chart with 607.2 million shares valued at N6.1 billion traded in 10,125 deals, contributing 68.46 per cent and 65.99 per cent to the total equity turnover volume and value respectively.

The conglomerates sector trailed with the sale of 112.3 million units worth N572.8 million executed in 1,450 deals, while the energy space sold 57.7 million shares worth N201.5 million in 1,107deals.

Zenith Bank, Access Bank and GTBank accounted for 259.3 million shares worth N4.8 billion in 4,970 deals, contributing 29.23 per cent and 52.41 per cent to the total trading volume and value respectively.

Economy

Xenergi in Talks to Acquire 51% Stake in Premier Paints

Published

3 hours ago

17/12/2025

Aduragbemi Omiyale

By Aduragbemi Omiyale

One of the paint makers in Nigeria, Premier Paints Plc, is currently in talks with a new investor, Xenergi Limited, for the purchase of 51 per cent stake in the company.

Xenergi Limited intends to acquire shares of Clover Global Resources Limited and TGHL Capital Limited in the organisation.

Business Post gathered that the new investor will buy 39.02 per cent from Clover Global Resources Limited and 15.20 per cent from TGHL Capital Limited.

The deal, according to a regulatory notice issued on Tuesday on the Nigerian Exchange (NGX) Limited, will involve about 63 million shares of Premier Paints.

At the current share price of the paint producer, this should be about N630 million as it closed at N10.00 per unit on NGX on December 16, 2025.

“Subject to obtaining required regulatory approvals, the transaction is expected to close before January 31, 2026.

“The company will continue to inform the public of the progress of the transaction,” the disclosure signed by the company secretary, Alozie Nwokoro, said.

Economy

Naira Trades Flat Across FX Market Windows as CBN Moves to Ease Pressure

Published

5 hours ago

17/12/2025

Adedapo Adesanya

By Adedapo Adesanya

The Naira was flat against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Tuesday, December 16, retaining the previous closing value of N1,451.82/$1.

In the same vein, the local currency saw no movement against the Pound Sterling and the Euro in the spot market during the session at N1,943.98/£1 and N1,705.74/€1, respectively.

Also, the Nigerian Naira remained unchanged in the black market yesterday at N1,475/$1 and was N1,460/$1 at the GTBank forex counter.

The Central Bank of Nigeria (CBN) has strengthened US Dollar supply with $250 million to authorised dealer banks at the official window cumulatively as foreign portfolio investors, exporters and non-bank corporate supply dripped.

The spread between official and other non-regulated markets decreased to N30.59$/1 from N44.57/$1, from the previous week, research subsidiary of Coronation Merchant Bank Limited said in a report.

FX analysts said foreign exchange inflows through the Nigerian Foreign Exchange Market decreased to $716.3 million from $844.70 million in the previous week , a 15 per cent drop in a week.

Foreign portfolio investors accounted for the highest share of inflows at 32.98 per cent, followed by exporters at 30.84 per cent, the CBN (17.36 per cent), Non-bank Corporates (16.94 per cent), others (0.72 per cent) and Individuals (0.63 per cent).

On Monday, Nigeria’s headline inflation rate eased to 14.45 per cent in November 2025, down from 16.05 per cent recorded in October, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS), representing a decrease of 1.6 percentage points month-on-month and marks a significant moderation compared to the same period last year.

As for the cryptocurrency market, there was some recoveries after overall capitalization falling below $3 trillion for the third time in a month. Large-cap assets, particularly those with Exchange Traded Fund (ETF) exposure, are experiencing selling pressure as institutional investors reassess risk.

Ripple (XRP) appreciated by 1.5 per cent to $1.92, Litecoin (LTC) expanded by 1.5 per cent to $78.91, Dogecoin (DOGE) rose by 0.8 per cent to $0.1308, Solana (SOL) went up by 0.4 per cent to $127.60, Binance Coin (BNB) grew by 0.3 per cent to $865.40, and Bitcoin (BTC) gained 0.2 per cent to sell at $86,735.17.

On the flip side, Cardano (ADA) depreciated by 1.0 per cent to $0.3802 and Ethereum (ETH) slumped by 0.4 per cent to $2,935.85, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) were flat at $1.00 each.

Economy

Stock Investors’ Portfolios Swell N14bn as Index Rises 0.01%

Published

5 hours ago

17/12/2025

Dipo Olowookere

By Dipo Olowookere

A marginal 0.01 per cent rise was recorded by the Nigerian Exchange (NGX) Limited on Tuesday. This was different from the flattish mode of the market the previous day.

Investor sentiment remained bullish as Customs Street finished with 31 price gainers and 26 price losers, implying a positive market breadth index.

Aluminium Extrusion topped the gainers’ log after it improved its price by 10.00 per cent to N9.35, Guinness Nigeria appreciated by 9.98 per cent to N263.40, Multiverse expanded by 9.95 per cent to N12.15, MeCure Industries also soared by 9.95 per cent to N45.85, and Sovereign Trust Insurance advanced by 9.89 per cent to N4.11.

Conversely, Haldane McCall led the losers’ chart after it shed 9.93 per cent to settle at N3.72, Veritas Kapital lost 9.09 per cent to close at N1.60, LivingTrust Mortgage Bank also declined by 9.09 per cent to N3.50, and Linkage Assurance depreciated by 5.71 per cent to N1.65.

During the trading day, the All-Share Index (ASI) went up by 21.23 points to 149,459.11 points from the previous day’s 149,437.88 points and the market capitalisation increased by N14 billion to N95.281 trillion from N95.267 trillion.

Yesterday, traders transacted 1.0 billion equities for N21.8 billion in 23,701 deals compared with the 553.1 million equities valued at N13.3 billion traded in 28,907 deals on Monday, representing a decline in the number of deals by 18.01 per cent, and a surge in the trading volume and value by 80.80 per cent and 63.91 per cent apiece.

Access Holdings traded 385.8 million stocks worth N7.7 billion, Champion Breweries transacted 111.8 million shares valued at N817.8 million, Sterling Holdings exchanged 85.5 million equities for N589.9 million, FCMB sold 74.7 million shares valued at N791.5 million, and First Holdco transacted 51.9 million equities worth N1.8 billion.