Nigerian Exchange Group

Good evening.

Welcome to today's NGX daily market summary.

Here are the key points.

The All Share Index fell by zero point one six percent today.

Do I see any questions? No questions so far.

Um, can we have the NGX Corporate Disclosure Portal? Let's see.

It's a bit touch and go, this portal.

Uh, you can see they're doing some maintenance work, but I hope they conclude it on time.

Second place was Jijico, with 5.26 billion Naira water shares traded.

I think the most important news story so far is UAC informing the NGX that it had entered an agreement to sell its stake in livestock feeds.

So it's going to sell its stake in livestock feeds for a cash consideration of 19.5. uh billion that amounts to eight naira 55 couple per livestock uh feed share now this is entering into agreement so of course it hasn't been executed yes you have to inform uh the industry regulators uh before you get into uh into into such a a transaction yeah so we also had a similar notice uh from livestock feeds because uac is the or cost shareholder in livestock feeds.

Livestock feeds also had to inform the NGX that it's been informed by UAC that UAC will be selling 73.29% stake in livestock feeds to sunbed tree nuts and sesame limited that's sunbed transaction of course is subject to receipt of our regulatory approver so that's pretty much the key item we had for the ngx i thank you for listening and see you in tomorrow's uh tomorrow's going to be a busy day most likely we'll have a video of stanby guy btc uh h1 numbers most likely would have, of course, we are actually going to have a live 9 p.m. West African time tomorrow, Thursday, the 1st of October.

So I hope you join us by then.

Have yourselves a lovely rest of the day.

Right?

... it's not the ZSE's job to promote their competitor, the Nigeria Stock Exchange.

It's the stockbroker's job to increase their business by giving their customers access to more markets.

It's not ZSE's job.

It's not VFX's job because the Nigeria Stock Exchange is their competitor.

No, no, but the thing is, actually, um, it, it doesn't quite work that way.

Like, if you think about some of these, um, cross-border products, right? Like, um, the FML ETF, for example.

i think we'll remain comfortably between 250 248k and 250k what's case scenario but you know things can also flip i mean if you have one or two big moves in surplus who knows it's pushed to the 255k zone in any case ta summary is a buy and so what else do we need to pay attention to surplus has been on the chair if i let's see if separates i think london market should be open by now so let's see what seplat is doing in london at the moment so you have any questions you can drop them uh this live run till about 10 minutes past nine um and then after that we have to we have to go off because it's it's uh it's a what it's a monday morning i have to get get to work so what's the plan doing at the moment children at eight 6.67 pounds down by 0.35 percent but let's let's see it's it's wrong hard as you can see in the chat this is surplus in the last one year separate has run hard uh dipped dipped here um and then resumed this run seems to be dipping but the question is where is your next support zone would it be somewhere here would it be here so let's see how it goes in the day strange session Surplus Nigeria made history last week, close at 16K.

This is the most expensive stock by unit price on the NGX at the moment.

Question is, can we see 17? I think we can see 17 or 18 within the next maybe one or two weeks.

In any case, as you can see, Surplus London, Surplus Nigeria, same company, just different exchanges.