donne4real | August 26, 2008
Market reports from Investor Delight and CSL Securities:
Investor Delight - Weekly Report - August 22nd (3)
CSL - Weekly Report - August 22nd (1)
Tags: weeklyreport
Here is the report for the week ended Friday, August 22nd courtesy of Investor Delight:
A turnover of 6.4 billion shares worth N47.94 billion in 60,803 deals was recorded this week, in contrast to a total of 3.25 billion shares valued at N43.71 billion exchanged last week in 72,486 deals.
There were no transactions in the 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 4.5 billion shares worth N37.4 billion exchanged by investors in 30,244 deals. Volume in the Banking subsector was largely driven by activity in the shares of Spring Bank Plc. Trading in the shares of the Bank accounted for 3.45 billion shares, representing 77.2% of the subsector’s turnover.
The Insurance subsector, boosted by activity in the shares of Investment & Allied Assurance Plc, followed on the week’s activity chart with a turnover of 1.42 billion shares valued at N1.7 billion in 8,088 deals.
Price Movement
The All-Share Index dropped by 4.4% to close on Friday at 47,517.87. The market capitalization of the 210 First -Tier equities closed lower at N9.7 trillion.
Twenty - Six (26) stocks appreciated in price during the week, higher than the seventeen (17) in the preceding week. Also, as in the preceding week, Chevron Oil Nigeria Plc led on the gainers’ table with a gain of N62.00 to close at N286.44 per share while Mobil Oil Nigeria Plc followed with N51.00 to close at N315.00 per share. Other price gainers in the Top 10 category include:
+ Julius Berger Nigeria Plc - N9.27
+ BOC Gases Plc - N6.36
+ The Okomu Oil Palm Plc - N4.86
+ Guinness Nigeria Plc - N4.52
+ Berger Paints Plc - N2.75
+ Longman Nigeria Plc - N2.60
+ Neimeth International Pharmaceuticals Plc - N1.43
+ 7-Up Bottling Co. Plc - N0.60
Eighty (80) stocks depreciated in price during the week, lower than the eighty-eight (88) in the preceding week. Total Nigeria Plc led on the price losers’ table, dropping by N34.29 to close at N206.21 per share while Oando Plc followed with a loss of N20.30 to close at N149.15 per share. Other price losers in the Top 10 category include:
- UACN Plc - N6.86
- Chemical & Allied Products Plc - N4.88
- Intercontinental Bank Plc - N4.72
- Academy Press Plc - N4.00
- Ashaka Cement Plc - N3.99
- First Bank of Nigeria Plc - N3.32
- Dangote Flour Mills Plc - N3.00
- Lafarge WAPCO Plc - N2.90
Five equity prices were adjusted for dividend and or bonus as recommended by the Board of Directors. Academy Press Plc was adjusted for dividend of N0.06 per share and bonus of 1 for 2. Flour Mills Nigeria Plc was adjusted for dividend of N1.00 per share and bonus of 1 for 10. Nigerian Bag Manufacturing Co. Plc was adjusted for dividend of N0.05 per share. Diamond Bank Plc was adjusted for dividend of N0.56 per share and bonus of 1 for 10. Intercontinental WAPIC Insurance Plc was adjusted for dividend of N0.125 per share and bonus of 1 for 5.
New Listing
The 1,548,780,000 shares in favour of Capital Hotels Plc were admitted to the Daily Official List at a price of N6.50 per share on Thursday, August 14, 2008 by way of Introduction. The shares were listed in the Hotel & Tourism subsector. By this action, the number of listed companies and securities increased to 226 and 319, respectively.
Supplementary Listings
A total of 100,800,000 shares were added to the shares outstanding in the name of Academy Press Plc following the bonus of 1 for 2. A total of 155,306,666 shares were added to the shares outstanding in the name of Flour Mills Plc following the bonus of 1 for 10. A total of 1,315,931,191 shares were added to the shares outstanding in the name of Diamond Bank Plc following the bonus of 1 for 10. A total of 843,634,000 shares were added to the shares outstanding in the name of Intercontinental WAPIC Insurance Plc the bonus of 1 for 5.
Special Sale
There was Special Sale on the floors of The Exchange on Thursday August 14, 2008 of 637,919,840 shares of Capital Hotels Plc by the Federal Government of Nigeria through the Bureau of Public Enterprises (BPE). The shares would be allocated and sold in the six geo-political zones on specific Trading Floors of The Exchange on specified dates.
Change of Name and Sector Reclassification
The name of Royal Exchange Assurance (Nigeria) Plc was changed to Royal Exchange Assurance Plc following business restructuring. Also, the company was moved from the Insurance sector and listed in the “Other Financial Institutions” sector.
Technical Suspension
The Full Suspension on Spring Bank Plc was downgraded to Technical Suspension on Monday, August 11, 2008. The downgrade became imperative as the management of The Exchange is satisfied with the progress being made at resolving the issues that led to the imposition of the full suspension.
COMPANY NEWS
UNION HOMES SAVINGS & LOANS PLC: Audited result for the year ended 31st March 2008 shows Turnover of N8.92 billion as against N8.4 billion in 2007. Profit after tax stood at N2 billion compared with N1.0 billion in 2007. The Directors are recommending a dividend of N0.10 per share and bonus of 1 for 4. The date of closure of register of members is August 25, 2008 while payment date is September 15, 2008.
ZENITH BANK PLC: Unaudited result for the year ended 30th June 2008 shows Gross Earnings of N158.3 billion, as against N94.9 billion in the comparable period of 2007. Profit after tax stood at N41.04 billion compared with N18.8 billion in 2007.
DANGOTE SUGAR REFINERY PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N43.1 billion, as against N40.8 billion in the comparable period of 2007. Profit after tax stood at N12.84 billion compared with N11.5 billion in 2007. The Directors are recommending an interim dividend of N0.85 per share. The date of closure of register of members is August 29, 2008 while payment date is September 8, 2008.
NESTLE NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N22.9 billion, as against N20.21 billion in the comparable period of 2007. Profit after tax stood at N3.3 billion compared with N3.1 billion in 2007.
TOTAL NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N85.85 billion, as against N66.4 billion in the comparable period of 2007. Profit after tax stood at N2.225 billion compared with N1.4 billion in 2007.
AFRICAN PETROLEUM PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N80.75 billion, as against N48.82 billion in the comparable period of 2007. Profit after tax stood at N3.9 billion compared with N2.15 billion in 2007.
CONOIL PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N75.1 billion, as against N32.83 billion in the comparable period of 2007. Profit after tax stood at N2.65 billion compared with N866 million in 2007.
GLAXO SMITHKLINE CONSUMER PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N6.03 billion, as against N4.4 billion in the comparable period of 2007. Profit after tax stood at N786.05 million compared with N334.75 million in 2007.
RED STAR EXPRESS PLC: Unaudited result for the first quarter ended 30th June 2008 shows Turnover of N967.5 million, as against N745.6 million in the comparable period of 2007. Profit after tax stood at N99.22 million compared with N65.33 million in 2007.
MAY & BAKER NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N2.3 billion, as against N1.6 billion in the comparable period of 2007. Profit after tax stood at N96.2 million compared with N89.1 million in 2007.
CONTINENTAL REINSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N2.6 billion, as against N1.12 billion in the comparable period of 2007. Profit after tax stood at N927.13 million compared with N498.74 million in 2007.
REGENCY ALLIANCE INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N821.25 million, as against N610.43 million in the comparable period of 2007. Profit after tax stood at N176.43 million compared with N90.73 million in 2007.
CUSTODIAN & ALLIED INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N2.01 billion, as against N1.31 billion in the comparable period of 2007. Profit after tax stood at N648.61 million compared with N435.83 million in 2007.
EQUITY ASSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N1.24 billion, as against N1.05 billion in the comparable period of 2007. Profit after tax stood at N504.25 million compared with N188.71 million in 2007.
ALUMINIUM EXTRUSION INDUSTRIES PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N605.7 million, as against N549.8 million in the comparable period of 2007. Profit after tax stood at N29.32 million compared with N18.4 million in 2007.
THOMAS WYATT NIGERIA PLC: Audited result for the year ended 31st March 2008 shows Turnover of N162.75 million as against N121.85 million in 2007. Profit after tax stood at N2.02 million compared with profit after tax and extra-ordinary income of N0.273 million in 2007. The Directors are recommending a bonus of 1 for 10. The date of closure of register of members is September 8, 2008.
FTN COCOA PROCESSORS PLC: Audited result for the 4 months ended 30th April 2008 shows Turnover of N324.6 million, as against N267.1 million during the year ended December 31, 2007. Profit before tax stood at N143.2 million compared with profit after tax and extra-ordinary items of N142.8 million during the year ended December 31, 2007.
STARCOMMS PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N17.4 billion, as against N8.7 billion in the comparable period of 2007. Loss after tax stood at N1.01 billion compared with N381 million in 2007.
EVANS MEDICAL PLC: Audited result for the year ended 31st December 2007 shows Turnover of N3.15 billion as against N2.91 billion in 2006. Loss after tax stood at N317.02 million compared with profit after tax of N132.2 million in 2006. The date of closure of register of members is September 8, 2008.
EVANS MEDICAL PLC: Unaudited result for the first quarter ended 31st March 2008 shows Turnover of N1.2 billion, as against N746.9 million in the comparable period of 2007. Profit after tax stood at N111.0 million compared with loss after tax of N21.0 million in 2007.
NIGERIAN INTERNATIONAL DEBT FUND: Audited result for the year ended 31st December 2007 shows Total investment Income of N180.4 million as against N406.6 million in 2006. The Net loss stood at N85.3 million compared with net profit of N228.93 million in 2006.
REPORT ON THE OTC MARKET FOR FGN BONDS
A turnover of 147.44 million units worth N144.7 billion in 1,339 deals was recorded this week, in contrast to a total of 191 million units valued at N189.6 billion exchanged in 1650 deals during the week ended August 7, 2008. The most active bond (measured by turnover volume) was the 5th FGN Bond 2018 Series 2 with a traded volume of 21.82 million units valued at N20.33 billion in 153 deals.-
Tags: weeklyreport
donne4real | August 25, 2008
Here are the NSE weekly reports from Lead Capital, FSDH, and Zenith Securities. Others will be posted as I receive them.
Weekly Report - FSDH - Aug 22 (6)
Weekly Report - Lead Capital - Aug 22 (2)
Weekly Report - ZSL - Aug 22 (4)
donne4real | August 22, 2008
Here is the spreadsheet analysis for the week ending today, Friday August 22nd. You can also view all the results released this week on the Weekly Reports page.
Special thanks to Meristem Securities, FSDH, UBA Capital, CSL Securities, and Afrinvest.
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donne4real | August 19, 2008
Here is the weekly market report for the week ended, Friday, August 15th. The information was compiled from the weekly spreadsheets from FSDH, UBA Capital Markets, CSL, and Meristem.
You can view all the results released this week on the Company Results page of this site. I will be updating every Friday.
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download: Market Analysis for Week Ended August 15th (171KB) added: 15/08/2008 clicks: 13 description: Market Analysis for Week Ended August 15th |
donne4real | August 18, 2008
Here are the stock reports from Zenith Securities, FSDH, CSL, Investor Delight, and Lead Capital for the week ended Friday, August 15th.
Zenith Securities’ stock picks for this are also attached. Their stock picks for this week are:
Oceanic Bank
Skye Bank
UBA
UBN
Zenith Bank
Nigerian Breweries
Ashaka Cement and
Lafarge Wapco
FSDH - Weekly Report - Aug 15th (21)
Investor Delight - Weekly Report - Aug 15th (10)
Lead Capital - Weekly Report - Aug 15th (7)
Meristem - Weekly Report - Aug 15th (15)
ZSL - Weekly Report - Aug 15th (6)
ZSL - Stock Picks - Aug 18th (12)
donne4real | August 17, 2008
A turnover of 6.4 billion shares worth N47.94 billion in 60,803 deals was recorded this week, in contrast to a total of 3.25 billion shares valued at N43.71 billion exchanged last week in 72,486 deals. There were no transactions in the 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 4.5 billion shares worth N37.4 billion exchanged by investors in 30,244 deals. Volume in the Banking subsector was largely driven by activity in the shares of Spring Bank Plc. Trading in the shares of the Bank accounted for 3.45 billion shares, representing 77.2% of the subsector’s turnover.
The Insurance subsector, boosted by activity in the shares of Investment & Allied Assurance Plc, followed on the week’s activity chart with a turnover of 1.42 billion shares valued at N1.7 billion in 8,088 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 4.4% to close on Friday at 47,517.87. The market capitalization of the 210 First -Tier equities closed lower at N9.7 trillion.
Twenty - Six (26) stocks appreciated in price during the week, higher than the seventeen (17) in the preceding week. Also, as in the preceding week, Chevron Oil Nigeria Plc led on the gainers’ table with a gain of N62.00 to close at N286.44 per share while Mobil Oil Nigeria Plc followed with N51.00 to close at N315.00 per share. Other price gainers in the Top 10 category include:
+ Julius Berger Nigeria Plc - N9.27
+ BOC Gases Plc - N6.36
+ The Okomu Oil Palm Plc - N4.86
+ Guinness Nigeria Plc - N4.52
+ Berger Paints Plc - N2.75
+ Longman Nigeria Plc - N2.60
+ Neimeth International Pharmaceuticals Plc - N1.43
+ 7-Up Bottling Co. Plc - N0.60
Eighty (80) stocks depreciated in price during the week, lower than the eighty-eight (88) in the preceding week. Total Nigeria Plc led on the price losers’ table, dropping by N34.29 to close at N206.21 per share while Oando Plc followed with a loss of N20.30 to close at N149.15 per share. Other price losers in the Top 10 category include:
- UACN Plc - N6.86
- Chemical & Allied Products Plc - N4.88
- Intercontinental Bank Plc - N4.72
- Academy Press Plc - N4.00
- Ashaka Cement Plc - N3.99
- First Bank of Nigeria Plc - N3.32
- Dangote Flour Mills Plc - N3.00
- Lafarge WAPCO Plc - N2.90
Five equity prices were adjusted for dividend and or bonus as recommended by the Board of Directors. Academy Press Plc was adjusted for dividend of N0.06 per share and bonus of 1 for 2. Flour Mills Nigeria Plc was adjusted for dividend of N1.00 per share and bonus of 1 for 10. Nigerian Bag Manufacturing Co. Plc was adjusted for dividend of N0.05 per share. Diamond Bank Plc was adjusted for dividend of N0.56 per share and bonus of 1 for 10. Intercontinental WAPIC Insurance Plc was adjusted for dividend of N0.125 per share and bonus of 1 for 5.
New Listing
The 1,548,780,000 shares in favour of Capital Hotels Plc were admitted to the Daily Official List at a price of N6.50 per share on Thursday, August 14, 2008 by way of Introduction. The shares were listed in the Hotel & Tourism subsector. By this action, the number of listed companies and securities increased to 226 and 319, respectively.
Supplementary Listings
A total of 100,800,000 shares were added to the shares outstanding in the name of Academy Press Plc following the bonus of 1 for 2. A total of 155,306,666 shares were added to the shares outstanding in the name of Flour Mills Plc following the bonus of 1 for 10. A total of 1,315,931,191 shares were added to the shares outstanding in the name of Diamond Bank Plc following the bonus of 1 for 10. A total of 843,634,000 shares were added to the shares outstanding in the name of Intercontinental WAPIC Insurance Plc the bonus of 1 for 5.
Special Sale
There was Special Sale on the floors of The Exchange on Thursday August 14, 2008 of 637,919,840 shares of Capital Hotels Plc by the Federal Government of Nigeria through the Bureau of Public Enterprises (BPE). The shares would be allocated and sold in the six geo-political zones on specific Trading Floors of The Exchange on specified dates.
Change of Name and Sector Reclassification
The name of Royal Exchange Assurance (Nigeria) Plc was changed to Royal Exchange Assurance Plc following business restructuring. Also, the company was moved from the Insurance sector and listed in the “Other Financial Institutions” sector.
Technical Suspension
The Full Suspension on Spring Bank Plc was downgraded to Technical Suspension on Monday, August 11, 2008. The downgrade became imperative as the management of The Exchange is satisfied with the progress being made at resolving the issues that led to the imposition of the full suspension.
Company News
UNION HOMES SAVINGS & LOANS PLC: Audited result for the year ended 31st March 2008 shows Turnover of N8.92 billion as against N8.4 billion in 2007. Profit after tax stood at N2 billion compared with N1.0 billion in 2007. The Directors are recommending a dividend of N0.10 per share and bonus of 1 for 4. The date of closure of register of members is August 25, 2008 while payment date is September 15, 2008.
ZENITH BANK PLC: Unaudited result for the year ended 30th June 2008 shows Gross Earnings of N158.3 billion, as against N94.9 billion in the comparable period of 2007. Profit after tax stood at N41.04 billion compared with N18.8 billion in 2007.
DANGOTE SUGAR REFINERY PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N43.1 billion, as against N40.8 billion in the comparable period of 2007. Profit after tax stood at N12.84 billion compared with N11.5 billion in 2007. The Directors are recommending an interim dividend of N0.85 per share. The date of closure of register of members is August 29, 2008 while payment date is September 8, 2008.
NESTLE NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N22.9 billion, as against N20.21 billion in the comparable period of 2007. Profit after tax stood at N3.3 billion compared with N3.1 billion in 2007.
TOTAL NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N85.85 billion, as against N66.4 billion in the comparable period of 2007. Profit after tax stood at N2.225 billion compared with N1.4 billion in 2007.
AFRICAN PETROLEUM PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N80.75 billion, as against N48.82 billion in the comparable period of 2007. Profit after tax stood at N3.9 billion compared with N2.15 billion in 2007.
CONOIL PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N75.1 billion, as against N32.83 billion in the comparable period of 2007. Profit after tax stood at N2.65 billion compared with N866 million in 2007.
GLAXO SMITHKLINE CONSUMER PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N6.03 billion, as against N4.4 billion in the comparable period of 2007. Profit after tax stood at N786.05 million compared with N334.75 million in 2007.
RED STAR EXPRESS PLC: Unaudited result for the first quarter ended 30th June 2008 shows Turnover of N967.5 million, as against N745.6 million in the comparable period of 2007. Profit after tax stood at N99.22 million compared with N65.33 million in 2007.
MAY & BAKER NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N2.3 billion, as against N1.6 billion in the comparable period of 2007. Profit after tax stood at N96.2 million compared with N89.1 million in 2007.
CONTINENTAL REINSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N2.6 billion, as against N1.12 billion in the comparable period of 2007. Profit after tax stood at N927.13 million compared with N498.74 million in 2007.
REGENCY ALLIANCE INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N821.25 million, as against N610.43 million in the comparable period of 2007. Profit after tax stood at N176.43 million compared with N90.73 million in 2007.
CUSTODIAN & ALLIED INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N2.01 billion, as against N1.31 billion in the comparable period of 2007. Profit after tax stood at N648.61 million compared with N435.83 million in 2007.
EQUITY ASSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N1.24 billion, as against N1.05 billion in the comparable period of 2007. Profit after tax stood at N504.25 million compared with N188.71 million in 2007.
ALUMINIUM EXTRUSION INDUSTRIES PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N605.7 million, as against N549.8 million in the comparable period of 2007. Profit after tax stood at N29.32 million compared with N18.4 million in 2007.
THOMAS WYATT NIGERIA PLC: Audited result for the year ended 31st March 2008 shows Turnover of N162.75 million as against N121.85 million in 2007. Profit after tax stood at N2.02 million compared with profit after tax and extra-ordinary income of N0.273 million in 2007. The Directors are recommending a bonus of 1 for 10. The date of closure of register of members is September 8, 2008.
FTN COCOA PROCESSORS PLC: Audited result for the 4 months ended 30th April 2008 shows Turnover of N324.6 million, as against N267.1 million during the year ended December 31, 2007. Profit before tax stood at N143.2 million compared with profit after tax and extra-ordinary items of N142.8 million during the year ended December 31, 2007.
STARCOMMS PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N17.4 billion, as against N8.7 billion in the comparable period of 2007. Loss after tax stood at N1.01 billion compared with N381 million in 2007.
EVANS MEDICAL PLC: Audited result for the year ended 31st December 2007 shows Turnover of N3.15 billion as against N2.91 billion in 2006. Loss after tax stood at N317.02 million compared with profit after tax of N132.2 million in 2006. The date of closure of register of members is September 8, 2008.
EVANS MEDICAL PLC: Unaudited result for the first quarter ended 31st March 2008 shows Turnover of N1.2 billion, as against N746.9 million in the comparable period of 2007. Profit after tax stood at N111.0 million compared with loss after tax of N21.0 million in 2007.
NIGERIAN INTERNATIONAL DEBT FUND: Audited result for the year ended 31st December 2007 shows Total investment Income of N180.4 million as against N406.6 million in 2006. The Net loss stood at N85.3 million compared with net profit of N228.93 million in 2006.
Report on the OTC Market for FGN Bonds
A turnover of 147.44 million units worth N144.7 billion in 1,339 deals was recorded this week, in contrast to a total of 191 million units valued at N189.6 billion exchanged in 1650 deals during the week ended August 7, 2008. The most active bond (measured by turnover volume) was the 5th FGN Bond 2018 Series 2 with a traded volume of 21.82 million units valued at N20.33 billion in 153 deals.
donne4real | August 12, 2008
Here are the weekly reports for the week ended, August 8th from CSL, Lead Capital, Investor Delight, and FSDH Securities.
CSL Weekly Report - August 8th (11)
FSDH - Weekly Report - August 8th (8)
Lead Capital - Weekly Report - Aug 8th (8)
Investor Delight - Weekly Report - August 8th (13)
donne4real | August 10, 2008
A turnover of 3.25 billion shares worth N43.71 billion in 72,486 deals was recorded this week, in contrast to a total of 3.11 billion shares valued at N38.16 billion exchanged last week in 72,680 deals.
There were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.
The Insurance subsector was the most active during the week (measured by turnover volume), with 1.4 billion shares worth N2.25 billion exchanged by investors in 10,836 deals. Volume in the Insurance subsector was largely driven by activity in the shares of Investment and Allied Assurance Plc. Trading in the shares of the Insurance Company accounted for 880.7 million shares, representing 63.7% of the subsector’s turnover.
The Banking subsector, boosted by activity in the shares of First Bank of Nigeria Plc, First City Monument Bank Plc and Afribank Nigeria Plc, followed on the week’s activity chart with a turnover of 1.3 billion shares valued at N30.22 billion in 38,082 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 5.6% to close on Friday at 49,703.56. The market capitalization of the 209 First -Tier equities closed lower at N10.12 trillion.
Seventeen (17) stocks appreciated in price during the week, lower than the eighty (80) in the preceding week. Chevron Oil Nigeria Plc led on the gainers’ table with a gain of N10.68 to close at N224.44 per share while Mobil Oil Nigeria Plc followed with N10.00 to close at N264.00 per share. Other price gainers in the Top 10 category include:
+ BOC Gases Plc - N3.15
+ UACN Plc - N2.44
+ Intercontinental WAPIC Insurance Plc - N1.66
+ 7-Up Bottling Company Plc - N1.24
+ Presco Plc - N1.03
+ Red Star Express Plc - N0.75
+ IPWA Plc - N0.49
+ Academy Press Plc - N0.47
Eighty - Eight (88) stocks depreciated in price during the week, higher than the twenty - six (26) in the preceding week. Julius Berger Nigeria Plc led on the price losers’ table, dropping by N103.12 to close at N43.12 per share while Nestle Nigeria Plc followed with a loss of N17.26 to close at N199.50 per share. Other price losers in the Top 10 category include:
- First Bank of Nigeria Plc - N11.44
- Benue Cement Company Plc. - N6.40
- Costain (WA) Plc - N3.58
- PZ Cussons Nigeria Plc - N3.44
- Cadbury Nigeria Plc - N3.31
- Nigerian Aviation Handling Co. Plc - N3.02
- Guinness Nigeria Plc - N3.02
- Conoil Plc - N2.75
Eight equity prices were adjusted for dividend and or bonus as recommended by the Board of Directors. Julius Berger Nigeria Plc was adjusted for dividend of N1.25 per share and bonus of 3 for 1.
Julius Berger Nigeria Plc was adjusted for special dividend of N3.75 per share. First Bank of Nigeria Plc was adjusted for dividend of N1.20 per share and bonus of 1 for 4. Conoil Plc was adjusted for dividend of N2.75 per share.
Associated Bus Company Plc was adjusted for dividend of N0.08 per share. C & I Leasing Plc was adjusted for final dividend of N0.06 per share. Lasaco Assurance Plc was adjusted for dividend of N0.08 per share.
Investment and Allied Assurance Plc was adjusted for dividend of 0.8 kobo per share. Regency Alliance Insurance Plc was adjusted for bonus of 1 for 4.
Supplementary Listings
A total of 4,972,508,093 shares were added to the shares outstanding in the name of First Bank of Nigeria Plc following the bonus of 1 for 4. A total of 760,653,675 shares were added to the shares outstanding in the name of Costain (WA) Plc on Monday, August 4, 2008 following the conclusion of the hybrid offering and the subsequent supplementary offer. A total of 900,000,000 shares were added to the shares outstanding in the name of Julius Berger Nigeria Plc following the bonus of 3 for 1. A total of 1,212,500,000 shares were added to the shares outstanding in the name of Regency Alliance Insurance Plc following the bonus of 1 for 4.
COMPANY NEWS
DIAMOND BANK PLC: Audited result for the year ended 30th April 2008 shows Gross Earnings of N60.44 billion as against N39.9 billion in 2007. Profit after tax stood at N12.82 billion compared with N5.8 billion in 2007. The Directors are recommending a dividend of N0.56 per share and bonus of 1 for 10. The date of closure of register of members is August 15, 2008 while payment date is August 28, 2008. The Annual General Meeting (AGM) of shareholders is scheduled to hold at Shell Hall, Muson Centre, Onikan, Lagos on Thursday, August 28, 2008 by 11.00a.m.
DIAMOND BANK PLC: Unaudited result for the first quarter ended 31st July 2008 shows Gross Earnings of N21.8 billion, as against N10.44 billion in the comparable period of 2007. Profit after tax stood at N4.71 billion compared with N2.012 billion in 2007.
INTERCONTINENTAL WAPIC INSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N3.9 billion as against N3.15 billion in 2006. Profit after tax stood at N533.33 million compared with N701.12 million in 2006. The Directors are recommending a dividend of N0.125 per share and bonus of 1 for 5. The date of closure of register of members is August 11, 2008 while payment date is August 28, 2008.
AIICO: INSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N5.25 billion as against N3.41 billion in 2006. Profit after tax stood at N304.71 million compared with N483.7 million in 2006.
IPWA PLC: Audited result for the year ended 31st December 2007 shows Turnover of N485.7 million as against N303.92 million in 2006. Profit after tax stood at N68.52 million compared with loss after tax of N50.2 million in 2006. The Directors are recommending a dividend of N0.02 per share. The date of closure of register of members is August 25, 2008 while payment date is September 22, 2008.
NEIMETH INTERNATIONAL PHARMACEUTICAL PLC: Audited result for the year ended 31st March 2008 shows Turnover of N1.95 billion as against N1.5 billion in 2007. Profit after tax stood at N98.3 million compared with N116.41 million in 2007. The Directors are recommending a dividend of N0.12 per share and bonus of 1 for 4. The date of closure of register of members is August 29, 2008 while payment date would be advised later.
ALUMINUM EXTRUSION INDUSTRIES PLC: Audited result for the year ended 31st December 2007 shows Turnover of N1.04 billion as against N864.3 million in 2006. Profit after tax stood at N51.7 million compared with N20.7 million in 2006.
ECOBANK NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Earnings of N25.04 billion, as against N16.1 billion in the comparable period of 2007. Profit after tax stood at N4.1 billion compared with N3.42 billion in 2007.
THE OKOMU OIL PALM PLC: Unaudited result for the first quarter ended 31st March 2008 shows Turnover of N1.8 billion, as against N924.4 million in the comparable period of 2007. Profit after tax stood at N889.31 million compared with N263.12 million in 2007.
JAPAUL OIL & MARITIME SERVICES PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N1.5 billion, as against N1.0 billion in the comparable period of 2007. Profit after tax stood at N468.5 million compared with N183.6 million in 2007.
TANTALIZERS PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N2.2 billion, as against N1.84 million in the comparable period of 2007. Profit after tax stood at N239.2 million compared with N82.71 million in 2007.
LIVESTOCK FEEDS PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N848.91 million, as against N452.34 million in the comparable period of 2007. Profit after tax stood at N52.32 million compared with N23.72 million in 2007.
TRANS-NATIONWIDE EXPRESS PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N226.64 million, as against N173.72 million in the comparable period of 2007. Profit after tax stood at N25.35 million compared with N25 million in 2007.
FTNCOCOA PROCESSORS PLC: Audited result for the 4 months ended 30th April 2008 shows Turnover of N324.6 billion, as against N2.7 billion during the year ended December 31, 2007. Profit after tax stood at N143.2 million compared with profit after tax and extra-ordinary items of N142.8 million during the year ended December 31, 2007.
PRESTIGE ASSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N1.75 billion, as against N1.05 billion in the comparable period of 2007. Profit after tax stood at N383 million compared with N242 million in 2007.
CONSOLIDATED HALLMARK INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N1.41 billion, as against N578.8 million in the comparable period of 2007. Profit after tax stood at N473.7 million compared with N163.8 million in 2007.
STACO INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N1.4 billion, as against N656.52 million in the comparable period of 2007. Profit after tax stood at N680.01 million compared with N301.2 million in 2007.
STANDARD ALLIANCE INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N2.1 billion, as against N1.3 billion in the comparable period of 2007. Profit after tax stood at N577.85 million compared with N231.94 million in 2007.
UNITED NIGERIAN TEXTILES PLC: Audited result for the year ended 31st December 2007 shows Turnover of N18.5 billion as against N20.3 billion in 2006. Loss after tax and exceptional income stood at N1.73 billion compared with loss after tax of N756.5 million in 2006.
UNITED NIGERIAN TEXTILES PLC: Unaudited result for the first quarter ended 31st March 2008 shows Turnover of N3.1 billion, as against N5.14 billion in the comparable period of 2007. Loss after tax stood at N213.54 million compared with N101.4 million in 2007.
REPORT ON THE OTC MARKET FOR FGN BONDS
A turnover of 191 million units worth N189.6 billion in 1650 deals was recorded this week, in contrast to a total of 371.63 million units valued at N368.14 billion exchanged in 3413 deals during the week ended July 31, 2008. The most active bond (measured by turnover volume) was the 4th FGN Bond 2014 Series 3 with a traded volume of 24.4 million units valued at N25.95 billion in 212 deals.
donne4real | August 8, 2008
Here is the stats for this week in the NSE. A thorough analysis to follow. But in the mean time, enjoy the number crunching.
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download: Market Analysis for Week Ended August 8 (724KB) added: 08/08/2008 clicks: 18 description: Market Analysis for Week Ended August 8 |
donne4real | August 5, 2008
Here are the Weekly Market Reports from CSL and ZSL Stockbrokers:
CSL - Weekly Report - Aug 1 (11)
ZSL - Weekly Report - Aug 1 (6)
donne4real | August 4, 2008
Here are the stock reports from FSDH, BGL Securities, and Lead Capital:
FSDH - Weekly Report - August1 (6)
Lead Capital - Weekly Report - August1 (6)
BGL - Weekly Report - August1 (8)
