A turnover of 2.2 billion shares worth N28.44 billion in 48,445 deals was recorded this week, in contrast to a
Total of 2.1 billion shares valued at N21.23 billion exchanged last week in 47,634 deals.
There were no
Transactions in
Federal Government Development Stocks,
State Government Bonds and
Industrial Loans /Preference Stocks sectors.
The Banking subsector was the most active during the week (measured by turnover volume), with 1.1 billion shares worth N17.73 billion exchanged by
Investors in 24,501 deals. Volume in the Banking subsector was largely driven by activity in the shares of
Guaranty Trust Bank PLC ,
Fidelity Bank PLC ,
Afribank Nigeria PLC and
IBTC -Chartered
Bank PLC .
Trading in the shares of the four banks accounted for 566.5 million shares, representing 51.2% of the subsector’s turnover. The
Insurance subsector, boosted by activity in the shares of
Cornerstone Insurance PLC , followed on the week’s activity chart with a turnover of 513.3 million shares valued at N1.42 billion in 4,944 deals. Last week, the
Insurance subsector led on the activity chart and was followed by the Banking subsector.
Price Movement:
The
All -Share Index dropped by 0.9% to close on
Friday at 40,332.19, while the market capitalization of the 202 listed equities closed lower at N5.46 trillion.
Sixty - Four (64) stocks appreciated in
Price during the week, lower than the seventy-one (71) in the preceding week. As in the preceding week,
Nestle Nigeria PLC led on the gainers’ table with a gain of N46.41 to close at N346.29 per
share while
Flour Mills Nigeria PLC followed with N8.51 to close at N78.51 per
share . Other
Price gainers in the Top 10 category include:
•
Ashaka Cement PLC - N6.41
•
Cap PLC - N3.50
•
Total Nigeria PLC - N2.97
•
Northern Nig .
Flour Mills PLC - N2.62
•
Union Dicon Salt PLC - N2.38
•
Julius Berger Nig .
PLC - N2.30
•
Okomu Oil Palm PLC - N2.00
•
Nig Bottling Co.
PLC - N1.62
Forty - Four (44) stocks depreciated in
Price during the week, higher than the thirty-three (33) in the preceding week.
ECOBANK Transnational Incorporated led on the week’s
Price losers’ table, dropping by N28.72 to close at N144.91 while
Nigerian Aviation Handling Co.
PLC followed with a loss of N9.75 to close at N37.00 per
share . Other
Price losers in the Top 10 category include:
•
West African Portland Cement Co.
PLC - N6.52
•
African Petroleum PLC - N6.15
•
Conoil PLC - N4.45
•
CHEVRON Oil Nig .
PLC - N3.40
•
Mobil Oil Nig .
PLC - N3.10
•
Evans Medical PLC - N1.70
•
7-Up Bottling Co.
PLC - N1.51
•
Union Homes Savings &
Loans PLC - N1.44
…New Listing
The 4-year N11 billion 4th FGN Bond 2010 Series 1 was admitted to the
Daily Official List. By this action, the number of
Federal Government Bonds increased to 36, while the number of
Securities increased to 290. The coupon rate on the bond is 10.75%.
Technical Suspension
The
Technical Suspension on
Transnational Corporation of
Nigeria PLC and
Law Union &
Rock Insurance PLC were removed following the expiration of the two weeks allowed by The
Exchange after the closure of the supplementary
share issue.
COMPANY NEWS
NIGERIAN
Breweries PLC : Audited results for the year ended 31st December 2006 show a turnover of N86.32 billion as against N80.13 billion in 2005. Profit after tax stood at N10.9 billion compared with N8.25 billion in 2005. The directors
Are recommending a final dividend of N1.04 per
share . The date of closure of register of members is 10th April 2007, while payment date is 25th May 2007. The
Stock Price had on November 2, 2006 been adjusted for an interim dividend of N0.40 per
share thus bringing the
Total dividend to N1.44 per
share .
FIRST
City Monument Bank PLC : Unaudited results for the third quarter ended 31st January 2007 shows Gross Earnings of N17.7 billion, as against N10.5 billion in the comparable period of 2006. Profit after tax stood at N3.6 billion compared with N1.81 billion in 2006.
7-UP
Bottling CO.
PLC : Unaudited results for the half year ended 30th September 2006 show Turnover of N11.82 billion, as against N9.85 billion in the comparable period of 2005.Profit after tax stood at N440.1 million compared with N401.9 million in 2005.
MAY &
Baker Nigeria PLC : Unaudited results for the third quarter ended 30th September 2006 show Turnover of N1.54 billion, as against N1.45 billion in the comparable period of 2005. Profit after tax stood at N64 million compared with N91.75 million in 2005.
NAMPAK
Nigeria PLC : Unaudited results for the
First quarter ended 31st December 2006 show Turnover of N746.1 million, as against N621.12 million in the comparable period of 2005. Profit after tax stood at N36.8 million compared with N38.5 million in 2005.
NORTHERN
Nigeria Flour MILS
PLC : Unaudited results for the half year ended 30th September 2006 show Turnover of N2.8 billion, as against N3.22 billion in the comparable period of 2005. Loss after tax stood at N96.83 million compared with profit after tax of N72.9 million in 2005.
REPORT ON THE OTC MARKET FOR FGN BONDS
A turnover of 20.14 million units worth N22.34 billion in 25 deals was recorded this week, in contrast to a
Total of 18.4 million units valued at N19.71 billion exchanged in 51 deals during the week ended February 22, 2007. In 2 deals, the most active bond (measured by turnover volume) was the 4th FGN Bond 2012 Series 2 with a traded volume of 5.1 million units valued at N5.41 billion.
