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8A, Elsie Femi Pearse, Adeola Odeku Victoria Island, Lagos. Tel: 234 (0) 1 2716899, 2718630 W: www.panafricancapitalplc.com E: [email protected]
For further enquiries, please call Mayowa Oladipupo on +2348035042312 or Ayo Dawotola on +2348035026371
PanAfrican Capital Daily Market Review
Thursday, 3rd July, 2014
Market Highlights The Market appreciated at the end of today’s trading as Investors on the floor of the Nigerian Stock Exchange traded 570.824 million shares worth N8.355 billion in 5,224 deals. The market capitalization of the 194 listed equities increased by 0.18 percent to close at N14.095 trillion from N14.070 trillion recorded in the previous trading day. The All-Share Index of the NSE also increased by 0.18 percent to close at 42,686.86 from 42,609.75 on Wednesday.
QUARTERLY RESULTS
COMPANY TURNOVER (₦’B)
CURRENT PAT (₦’B)
PREVIOUS PAT (₦’B) PERIOD
AIICO INSURANCE PLC 8.811 0.915 0.746 Q1, 2014
LAW UNION AND ROCK INSURANCE PLC 1.042 0.194 0.053 Q3,2013
REGENCY ALLIANCE INSURANCE PLC 1.066 0.275 0.141 Q1, 2014
Source: Nigerian Stock Exchange
MONEY MARKET INDICATORS(03/07/2014) INDICES RATE9%
NIBOR(180 days) 14.38
LIBOR (180 days) (USD) 0.33
TB (180 days) 12.25
5 years F.G. Bond 13.67
PRIME LENDING RATE 17.90
DEPOSIT RATE 2.63–8.44
Source: Financial Market Dealers Quotations
CBN MONETARY INSTRUMENTS RATES May-2014 Mar-2014
MONETARY POLICY RATE(MPR) 12.00 12.00
LIQUIDITY RATIO(LR) 30.00 30.00
CASH RESERVE RATIO(CRR) - Private(Public) 15.00 (75.00) 12.00 (75.00)
INFLATION RATE May Apr. NBS (Year-on-Year Inflation Rate) 8.00 7.90
MONTHLY CRUDE OIL PRICE 30/06/2014
CRUDE OIL PRICE(BONNY LIGHT) ($) 114.7
Source: Central Bank of Nigeria
Market Update
Unity Bank records 91.5 percent rise in half-year profit
Unity Bank Plc, in a filing on the Nigeria Stock Exchange (NSE) on Thursday, said its
half year profit-after- tax increased 91.5 percent to N7.091 billion from the N 3.70
billion recorded same period last year. The lender’s gross earnings rose to N30.85
billion from the N30.17 billion a year ago. Half-year pretax profit rose 81 percent to
N7.89 billion from N4.35 billion.
Stanbic IBTC secures N16.3bn for SMEs, energy financing
Stanbic IBTC Bank says it has received a $100m (N16.279bn) line of credit from the
African Development Bank for on-lending to small and medium-size enterprises in the
country. According to the bank, part of the funds will be used for the financing of
renewable energy and energy efficiency projects in Nigeria, in line with the
requirements of the Clean Technology Fund. A statement announcing the deals
explained that of the total amount, Stanbic IBTC Bank would fund the SME projects in
Nigeria with $75m, while $25m would be used for the funding of renewable energy and
energy efficiency projects. The Chief Executive Officer, Stanbic IBTC Bank, Mr. Yinka
Sanni, was quoted as saying the bank would continue to work towards creating avenues
for the development of the Nigerian economy.
Dow Average Tops 17,000 as Payrolls Rise Amid ECB Plans
The Dow Jones Industrial Average (INDU) climbed above 17,000 for the first time as
data showed employers added more workers than projected in June and the European
Central Bank disclosed details of its stimulus plans. The Dow gained 80.37 points, or
0.5 percent, to 17,056.61 at 11:49 a.m. in New York. The Standard & Poor’s 500 Index
(SPX) rose 0.4 percent to a record 1,982.98. Trading in S&P 500 stocks was in line with
with the 30-day average during this time of the day.
This report is produced by PanAfrican Capital Plc as a guide for clients that intend to invest in Securities on the
basis of their own investment decision without relying completely on the information contained herein. No
responsibility or liability is accepted for error of fact or any opinion expressed herein.
KEY MARKET INDICATORS
INDICATORS
Thursday Wednesday
% Change 03/07/2014 02/07/2014
NSE Index 42,686.86 42,609.75 +0.18
Deals 5,224 5,488 -4.81
Volume (M) 570.824 388.936 +46.77
Value (₦’BN) 8.355 4.478 +86.58
Market Cap (₦’TRN) 14.095 14,070 +0.18
Source: Nigerian Stock Exchange
TOP TRADED STOCKS STOCK VOLUME (UNITS) VALUE (₦)
FBNH 287,984,912 4,652,856,600.67
ZENITHBANK 65,016,539 1,632,000,017.22
FIDELITYBK 54,416,582 109,372,403.26
TRANSCORP 24,424,934 127,514,674.68
NEM 14,393,513 12,055,606.98
Source: Nigerian Stock Exchange
TOP 5 GAINERS
TOP 5 LOSERS
STOCK LAST CLOSE
TODAY CLOSE
CHANGE STOCK
LAST CLOSE
TODAY CLOSE
CHANGE
DANGCEM 240.00 244.50 4.50 NESTLE 1,145.00 1,090.00 -55.00
GUINNESS 192.02 194.21 2.19 MOBIL 137.31 135.06 -2.25
WAPCO 111.00 112.98 1.98 UACN 67.85 66.00 -1.85
UNILEVER 54.00 55.00 1.00 CAP 40.01 38.50 -1.51
OKOMUOIL 32.40 33.00 0.60 ASHAKACEM 28.65 28.15 -0.50
Source: Nigerian Stock Exchange
NAIRA EXCHANGE RATE CURRENCY BUY SELL
BUREAU DE CHANGE 03/07/2014
US DOLLAR 165.00 163.00
POUNDS 285.50 280.00
EURO 236.00 232.00
CBN 03/07/2014
US DOLLAR
154.74
155.75
Source: Central Bank of Nigeria and Market information
CORPORATE ACTIONS
COMPANY BONUS DIVIDENDS(₦) CLOSURE DATE AGM DATE
NPF MICROFINANCE BANK N/A 0.10 9TH
JUNE, 2014 26TH
JUNE, 2014
CAPITAL HOTEL PLC N/A 0.05 9TH
JUNE, 2014 24TH
JUNE, 2014
NASCON N/A 0.90 10TH
JUNE, 2014 19TH
JUNE, 2014
Source: Nigerian Stock Exchange
AFRICAN INDICIES
INDEX NAME TODAY PREVIOUS DAY %CHANGE
GHANA; GSE CI 2,379.25 2,374.61 +0.20
EGYPT 30 8,258.40 8,142.25 +1.43
SOUTH AFRICA; JSE 51,918.44 51,883.71 +0.07
CASABLANCA; MASI 9,218.28 9,213.55 +0.05
BOTSWANA; DCI 9,181.11 9,161.27 +0.22
Source: Various Countries’ Exchanges
