| Welcome to this week’s edition of 4 Customs Street, our weekly newsletter on the stock market. Green White Green Last Week Last week was down for stocks on the exchange. How do we know this? The All-Share Index which measures the average performance of stocks fell by 2.56%. Some stocks will do better than the index. Some stocks will do worse than the index. Veritas Kapital Assurance was the best performing stock this week. It gained 18.18%, opening at ₦0.22 and closing at ₦0.26, up by ₦0.04. Consolidated Hallmark Insurance was the worst-performing stock this week. It declined by 13.43% opening at ₦0.67 and closing at ₦0.58, down by ₦0.09. GTBank’s next chapter 29,431,179,224 GTBank shares were delisted from the daily official list of the Nigerian Exchange Limited (NGX) on June 24, 2021. GT Holding Company (GT HoldCo’s) entire issued share capital of 29,431,179,224 ordinary shares of 50 kobo each was also listed on the same day at ₦28.55 per share. The formation of a HoldCo means the bank can go into other financial services aside from banking. Management of the bank had at its last investor call indicated it was considering moving into the asset management and pension space. NPF Microfinance Bank NPF Microfinance Bank opened its right issue on June 24, 2021, and it will close on June 30, 2021. The lender is offering 2.2 billion ordinary shares of 50 kobo each at ₦1.50 per share on the basis of 1 ordinary share for every 1 share held as at the close of business on May 17, 2021. Green White Green This Week Japaul Gold and C and I Leasing will be holding their Annual General Meeting (AGMs) on June 29. UAC of Nigeria and Global Spectrum Energy Services Plc will hold their AGMs on the June 30. AGMs provide an opportunity for shareholders to grill management on the previous year’s financial performance and their plans for the current year. For companies that have a dividend to pay, shareholders sign off on this during the AGM. Star-Spangled Banner Last Week Last week, all three indices closed positively. The S&P 500 index gained 2.74%. The NASDAQ composite index gained 2.35%. The Dow Jones Industrial Average (DJIA) gained 3.44%. Star-Spangled Banner This Week This week is a fairly quiet one in terms of earnings. Herman Miller, General Mills, Constellation Brands, Walgreens Boots Alliance, McCormick will be releasing their earnings during the week. Krispy Kreme will be listed through an Initial Public Offer (IPO) on the NASDAQ exchange. An IPO is when a company sells shares to the public for the first time. Proceeds from the IPO will be used to pay down debt and for general corporate purposes. On the macro front, non-farm payrolls and unemployment numbers will be released on Friday. The non-farm payroll is the total number of paid workers in the US minus farm employees, government employees, private household employees, and employees of nonprofit organisations. Did you find this newsletter useful? Please feel free to share it. Looking through our records from the start of the year till date, over a thousand people have been equipped to make better financial decisions and are deliberately building wealth in the long run. Our goal has always been to raise a generation of financially literate individuals who are able to equip their families with better education, access to good healthcare, and attain a better social status. In the second half of the year, we want to double our impact. We want to help as many Africans as possible create a better future for their generation, regardless of how trying these times are. We would like to help. Which of these learning options best suit your financial literacy needs? Which of these learning options would you like to explore? 1. Premium Plan: ₦100,000 Here’s what the MoneyAfrica Premium priced at ₦100,000 per annum entails: – One-on-one session with our financial experts (one-off) – Bimonthly emails with specific actionable information – Community support (optional) – Personalised guided plan tailored to you. – Free personal finance journal – Investment tracker – Budget tracker On the premium plan, we provide you with cut-out decisions, actionable information and a personalised guided plan tailored to you. It lasts an entire year. It covers global stocks and other investment options. We curate a personalised investment plan for you, send you detailed emails every 2 weeks on the key changes in the market You will also be assigned to a financial expert who will be there to support you all through the one-year journey only via emails. Link to pay for the premium plan: https://paystack.com/pay/moneyafricapremium?ref=dishapages Here’s the payment link whenever you’re ready 2. One-on-one Session priced at ₦50,000 It’s a comprehensive 1-hour session with our experts + 6 months of community support Here, we provide you with cut-out decisions and actionable information. It’s a one-off. It covers global stock and other international investments extensively. We curate a personalised investment plan for you. To pay for the one-on-one session: https://paystack.com/pay/7o20bomjqm Click the respective link and let’s help you get started. If you would love to ask questions and make inquiries, please call us or write to us (+234 8139111245). We will love to hear from you. | 
