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Capital Market

Investors Trade N485.4bn Worth Of Equities In Q2

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Olushola Okunlade Writes

Both local and foreign investors on the Nigerian Exchange Limited (NGX) traded N485.4billion worth of equities in the second quarter (Q2) of 2022.

This is an increase of 40.11per cent when compared to N346.43 billion traded in the first quarter (Q1) of 2022.

A data by the bourse noted that the growth in value of equities market traded also reflected in volume as it gained 143.83per cent to 54.27billion in Q2, 2022 from 22.26billion reported in Q1 2022, while deals on the bourse rose by 8.5 per cent to 320,778 in Q2 2022 from 295,533 reported by the NGX for Q1 2022.

The equities market segment of the NGX in 2022 has witnessed positive sentiment trading by investors’ participating in listed fundamental stocks, leading to the market capitalisation closing Q2 2022 at N27.94trillion from N25.31trillion it closed in Q1 2022.

Consequently, the NGX All-Share Index appreciated by 10.3 per cent to 51,817.59 basis points in Q2 2022 from 46,965.48 basis points in Q1 2022.

The data disclosed that the value of Fixed Income traded rose by 38.7 per cent to N1.01trillion in Q2 2022 from N728.9billion reported in Q1 2022.

According to the data by the NGX, the volume of fixed income traded moved to 972,206.00 in Q2 2022 from 688,564 reported in Q1 2022.

In addition, the market capitalisation of fixed income moved from N21.42trillion in Q1 2021 to N22.23trillion in Q2 2022.

The CEO of Wyoming Capital & Partners, Mr. Tajudeen Olayinka noted that improved liquidity in the system in the last six months is responsible for the positive performance of the Nigerian stock market.

Other factors driving liquidity in the equities market he added are, “instant payment of dividends to shareholders through electronic means (e-dividend), provides opportunities for immediate reinvestment of these dividends, especially by institutional investors, who manage funds and portfolios for clients. This did not leave out other traditional investors, who took advantage of low prices, in the run-up to financial year-end rallies that we saw at the beginning of the year 2022.

“Negative real return in the fixed income market and the need to hedge against inflation. The equity market is an inflation-adjusting market, and so, some investors who were willing to hedge against inflation, irrespective of the downside risk that the market poses, decided to bring liquidity back to the equity market.

“The ongoing crash in the crypto market brought liquidity back to the equity market. It has been said that more Nigerian investors participate actively in the crypto space, and so, the sudden, though long expected crash in that market, made some affected Nigerian investors cut their losses, for less volatile and recoverable opportunities in the equity market.

“Availability of derivative products is encouraging more institutional investors to embrace the equity market. Investors can now short or long the market at ease. All these activities provide liquidity to the market.”

Capital Market

NGX Celebrates CIS On 30th Anniversary, Reopens Trading Floor

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NGX Celebrates CIS On 30th Anniversary, Reopens Trading Floor

Olushola Okunlade Writes

Nigerian Exchange Limited (NGX) hosted the Chartered Institute of Stockbrokers (CIS) to Closing Gong ceremony to commemorate the Institute’s 30th anniversary alongside the reopening of the trading floor of the market on Monday, 7 November 2022.

The Chairman, NGX, Abubakar Mahmoud, SAN, OON, whilst giving his remarks congratulated the Institute for its contribution to upholding integrity and ethics in the capital market while promoting and protecting the interests of the stockbroking community. He also thanked stockbrokers for their cooperation with NGX, attributing the successful record of trading with zero downtime to a combination of NGX’s investment drive in technology and the collective agility and collaboration between the Exchange and the stockbroking community.

He said, “Thirty years of excellence is no small feat and at the Exchange, we recognise the significance of CIS to the capital market as it engenders commitment to the highest standards of service and professionalism. Its advocacy initiatives and support for the stockbroking and investment practice in Nigeria is notable and worthy of celebration.

“Moving forward as the Exchange, we plan to leverage our shared history and cordial relationship with CIS to further drive growth and value creation in the capital market. NGX wishes the Institute many more years of excellence as it continues to markedly enhance the Nigerian capital market and the broader economy.”

NGX Celebrates CIS On 30th Anniversary, Reopens Trading Floor
Left-Right: Patrick Ajayi, Director, Nigerian Exchange Group; Temi Popoola, Chief Executive Officer, Nigerian Exchange Limited (NGX); Dr. Umaru Kwairanga, Chairman, Nigerian Exchange Group Plc; Oluwole Adeosun, FCS, President, Chartered Institute of Stockbrokers (CIS); Mr. Abubakar Mahmoud, SAN, OON, Chairman, NGX; Haruna Jalo-Waziri, Chief Executive Officer, Central Securities and Clearing System (CSCS) Plc and Tinuade Awe, Chief Executive Officer, NGX Regulation Limited during the Closing Gong Ceremony commemorating CIS 30th year Anniversary and the Re-opening of NGX Trading floor at The Exchange on Monday, 7 November 2022 in Lagos.

The Chairman, NGX Group, Alhaji Umar Kwairanga during his remarks noted that it was to the credit of NGX, NGX Regulation, Central Securities Clearing System (CSCS), NGX Group, and the stockbroking community that trading flowed seamlessly during the forced closure period. He however said, “I also know how physical interactions matter to us brokers and will continue to make sure that we see the impact of us coming back to the trading floor.

“We are also marking this alongside the ceremony commemorating our 30th anniversary and I hope that this is just the beginning of the greater collaboration between brokers, NGX Group as a whole, and the capital market,” he added.

Complementing the Chairmens’ comments, the Chief Executive Officer, NGX, Mr. Temi Popoola said, “NGX will continue to support the initiatives of the institute and cooperate for the further advancement of the capital market.”

The President and Chairman of the Governing Council of CIS, Mr. Oluwole Adeosun underscored the longstanding relationship between CIS and the Exchange. He promised that the Institute would continue to cooperate with NGX Group in its new structure. “A lot has been achieved from the initial foundation built by NGX for CIS. For 32 months, we have been trading seamlessly remotely due to the investments NGX made. We the operators express gratitude to the Exchange and believe we are definitely poised to achieve more together onward.”

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Capital Market

NGX Urges International Breweries Plc To Leverage On Frequent Facts Behind The Figures, Commends Progress Performance

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NGX Urges International Breweries Plc To Leverage On Frequent Facts Behind The Figures, Commends Progress Performance

….International Breweries recorded a remarkable increase of 137.4 percent in operating profiting in H1 2022 – Chiemeka

Olushola Okunlade Writes

The Nigerian Exchange Limited (NGX) on Tuesday, November 1 2022 held the “Facts Behind the Figures Presentation” with International Breweries Plc at the exchange building.

NGX advised the management of International Breweries Plc to sustain its commitment to high standards of corporate governance, social impact, and shareholder value creation.

Divisional Head, Capital Markets, NGX, Mr. Jude Chiemeka while commending the management of International Breweries Plc for leveraging the Facts Behind the Figures platform of the Exchange to increase its engagement with the market and its long-term contributions to socio-economic development in the country since its establishment in 1971 and listing in 1995.

Chiemeka said International Breweries Plc has made other contributions to the social economic development of the communities, “One of such contributions is the Responsible Beverage Service (RBS), a first-of-its-kind intervention program in Nigeria with the objective of contributing to the reduction of alcohol-related harms caused by drunk driving, underage drinking, binge drinking, gender-based violence, and alcohol consumption by pregnant women. This program reiterates the NGX’s mission of bringing people together for a better world.”

NGX Urges International Breweries Plc To Leverage On Frequent Facts Behind The Figures, Commends Progress Performance
Left-Right: Mr. Tony Ibeziako, Head, Primary Markets, Nigerian Exchange Limited (NGX); Mr. Jude Chiemeka, Divisional Head, Capital Markets, NGX; Hugo Dias Rochas, Managing Director, International Breweries Plc; Mrs. Tolulope Adedeji, Marketing Director, International Breweries Plc and Mr. Eduardo Caceres, Executive Director, International Breweries Plc during the Facts Behind the Figures presentation at the Exchange yesterday 1 November, 2022 in Lagos.

“International Breweries recorded a remarkable increase of 137.4 percent in operating profiting in H1 2022 reaching 36.6 billion naira compared to the same period of 2021. This achievement is a result of hard work and resilience by the management team to maintain the company’s financial performance and total revenue of 104 billion. “We would like to recognise these efforts being made by the Board and Management of International Breweries Plc towards achieving continuity by improving business operations and restoring investor confidence in the company.

“With the fast-changing macroeconomic environment in Nigeria and globally, we encourage International Breweries Plc to continue to strive for sustainability by adhering to higher standards of corporate governance, deeper social impact, higher regulatory compliance, and greater returns for shareholders,” Chiemeka added.

NGX Urges International Breweries Plc To Leverage On Frequent Facts Behind The Figures, Commends Progress Performance
Left-Right: Mr. Tony Ibeziako, Head, Primary Markets, Nigerian Exchange Limited (NGX); Mr. Jude Chiemeka, Divisional Head, Capital Markets, NGX; Hugo Dias Rochas, Managing Director, International Breweries Plc and Mr. Eduardo Caceres, Executive Director, International Breweries Plc during the Facts Behind the Figures presentation at the Exchange yesterday 1 November, 2022 in Lagos.

The Managing Director/Chief Executive Officer of International Breweries Plc, Mr. Hugo Dias Rocha during his remarks noted that the company would continue to build brands and invest in a sustainable and profitable business for the long term. “Our team is engaged and living in the AB InBev culture of optimising the growth potential of the business and delivering shareholder value,” he added.

Doyen of Capital Market, Alhaji Yusuf urged the management of International Breweries Plc to leverage on frequent facts behind the figures, while commending the progress performance figures, particularly the first half of 2022.

He said moving from being “Category Leader to Category Performer, Category Performer means making money and paying dividends to your investors, you have not been paying dividends to your investors for six years while promising to advise on how to redeem and restructure the debt.

The Nigerian Exchange Limited (NGX) on Tuesday, November 1 2022 held the “Facts Behind the Figures Presentation” with International Breweries Plc at the exchange building.

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Capital Market

NGX Made Of Africa Awards To Hold December 6

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NGX MADE OF AFRICA AWARDS CEREMONY

Olushola Okunlade Writes

The maiden edition of the NGX Made of Africa Awards (MOA) is scheduled to hold on Tuesday, 6 December 2022.

NGX Made of Africa Awards (MOA) is designed to recognize companies and individuals within the capital market ecosystem that demonstrate exceptional performance in value delivery and sustainable impact and act as key drivers in strengthening the Nigerian and African capital markets.

The NGX Made of Africa Awards (MOA) will hold on December 6, 2022, 06:00 PM West Central Africa.

The Awards also aim to reward adherence to high ethical standards, compliance with the rules and regulations of The Exchange, and other applicable laws and regulations.

Click here to register https://ngxgroup.com/moaa-2022/

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