Custom Search

NSE Weekly Market Report (Jan 9 2009)

A turnover of 1.045 billion shares worth N7.25 billion in 34,103 deals was recorded last week, in contrast to a total of 991.8 million shares valued at N6.42 billion exchanged the week before in 23,733 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 492.6 million shares worth N4.72 billion exchanged by investors in 18,265 deals. Volume in the Banking subsector was largely driven by activity in the shares of Fidelity Bank Plc, Guaranty Trust Bank Plc and Oceanic Bank International Plc. Trading in the shares of the three banks accounted for 199.13 million shares, representing 40.43% of the subsector’s turnover.

The Insurance subsector, boosted by activity in the shares of Continental Reinsurance Plc, followed on the week’s activity chart with a turnover of 251.15 million shares valued at N392.8 million in 3,342 deals.

Last week, the Banking subsector led on the activity chart and was followed by the Insurance subsector.

Price Movement:

The All-Share Index dropped by 7.94% to close on Friday at 28,866.80. The market capitalization of the 198 First -Tier equities closed lower at N6.4 trillion.

Nine (9) stocks appreciated in price during the week, lower than the fifty - six (56) in the preceding week. Oando Plc led on the gainers’ table with a gain of N4.17 to close at N82.18 per share while PZ Cussons Nigeria Plc followed with N2.05 to close at N13.85 per share. Other price gainers in the Top 10 category include:
Cement Co. of Northern Nigeria Plc N1.50
International Breweries Plc N0.78
Big Treat Plc N0.15
Regency Alliance Insurance Plc N0.14
Neimeth International Pharmaceutical Plc - N0.11
Multiverse Resources Plc N0.07
Intercontinental WAPIC Insurance Plc N0.02

Eighty - Five (85) stocks depreciated in price during the week, higher than the thirty – nine (39) in the preceding week. Also, as in the preceding week, Chevron Oil Nigeria Plc led on the price losers’ table, dropping by N15.41 to close at N144.50 per share while Guinness Nigeria Plc followed with a loss of N15.11 to close at N82.90 per share. Other price losers in the Top 10 category include:

Total Nigeria Plc N10.18
Nestle Nigeria Plc N9.57
Nigerian Bottling Company Plc N5.25
UACN Property Dev. Co. Plc N4.63
Flour Mills of Nigeria Plc N4.50
Cadbury Nigeria Plc N3.22
Intercontinental Bank Plc N3.01
Nigerian Breweries Plc N2.60


SKYE BANK PLC: Unaudited result for the first quarter ended 31st December 2008 shows Gross Earnings of N27.9 billion, as against N12.55 billion in the comparable period of 2007. Profit after tax stood at N5.9 billion compared with N2.85 billion in 2007.

NAMPAK NIGERIA PLC: Audited result for the year ended 30th September 2008 shows Turnover of N3 billion as against N2.85 billion in 2007. Loss after tax and exceptional items stood at N231.02 million compared with N145.92 million in 2007.

CADBURY NIGERIA PLC: Audited result for the year ended 31st December 2007 shows Turnover of N19.94 billion as against N19.21 billion in 2006. Loss after tax stood at N727 million compared with loss after tax and exceptional items N4.7 billion in 2006.

STANBIC IBTC NIGERIAN EQUITY FUND: Audited result for the year ended 31st December 2008. The Fund Managers are recommending a distribution of N110.00 per Unit. The Fund Register of Unitholders would be closed on January 27, 2009 while payment date would be advised later.


ASSOCIATED BUS COMPANY PLC: The Company forecasts a Turnover of N1.25 billion and profit after tax of N99.82 million during the first quarter ending March 31, 2009.

No comments:

Free SEO by Master Google