NSE Lists Union Bank’s N30b Bond
The Nigerian Stock Exchange (NSE) on Friday listed on its daily official list Union Bank of Nigeria Plc’s N30billion bond.
In a notice to dealing members, Head, Listings Regulation Department, Godstime Iwenekhai, informed that the 10-Year 16.20 per cent subordinated unsecured fixed rate series 3 bonds is due 2029 under the N100 billion debt issuance programme.
According to the notice, book building opened 10 June 2019 and closed 17 June 2019.
Meanwhile, NSE on Friday moved 310.56 million shares worth N4.99 billion in 2,825 deals as against 147.09 million shares valued at N2.89 billion traded in 2,347 deals on Thursday.
Guaranty Trust Bank dominated trading activities with 75.22 million shares worth N1.98 billion.
It was trailed by Flour Mills with an account of 69.07 million shares valued at N1.04 billion, while Fidelity Bank sold 25.49 million shares worth N42.77 million.
United Bank for Africa accounted for 20.57 million shares valued at N119.06 million.
However, the crucial market indicators recorded marginal loss, dropping by 0.03 per cent.
Specifically, the All-Share Index which opened at 26,456.29 dipped 7.67 points or 0.03 per cent to close at 26,448.62.
Similarly, the market capitalization lost three billion to close at N12.875 trillion compared with N12.878 trillion. PZ recorded the highest loss, dropping by 60k to N5.55 per share.
Vitafoam trailed with a loss of 38k to close at N3.52, while Guaranty Trust Bank was down by 35k to close at N26.30 per share.
UACN lost 30k to close at N6.40, while Zenith Bank declined by 25k to close at N17.45 per share.
Conversely, MTN led the gainers’ table, gaining N1 to close at N130 per share.
Custodian and Allied Investment followed with a gain of 55k to close at N6.20, while Oando garnered 9k to close at 3.50 per share.
Consolidated Hallmark Insurance appreciated by 3k to close at 33k, while AIICO added 2k to close at 66k per share.
However during the five trading days of the week investor apathy and a lack of positive catalysts continued as the equities market continued to plummet, with the All-Share Index declining by 0.4 per cent w/w to 26,448.62 points – a 52-week low.
Consequently, the MTD and YTD returns worsened to -4.3 per cent and -15.9 per cent, respectively. Analyzing by sectors, sustained selloffs across Tier I Banks dragged the Banking index to a 2.0 per cent loss; the Industrial Goods (-0.3 per cent) and Oil & Gas (-0.2 per cent) indices also recorded declines. Conversely, the Insurance (+2.4 per cent) index resumed its upward trend, following a break in its 3-week gaining streak in the previous week, while the Consumer Goods (+0.1 per cent ) index followed suit, recording a marginal gain.