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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 Wale Alabi on +2348036137457 or Mayowa Oladipupo on +2348035042312
PanAfrican Capital Daily Market Review
Friday, 13th June, 2014
Market Highlights The Market appreciated at the end of today’s trading as Investors on the floor of the Nigerian Stock Exchange traded 215.417 million shares worth N2.537 billion in 4,551 deals. The market capitalization of the 194 listed equities increased by 0.70 percent to close at N13.709 trillion from N13. 614 trillion recorded in the previous trading day. The All-Share Index of the NSE also increased by 0.70 percent to close at 41,517.10 from 41, 228.65 on Thursday.
QUARTERLY RESULTS
COMPANY TURNOVER (₦’B)
CURRENT PAT (₦’B)
PREVIOUS PAT (₦’B) PERIOD
GUARANTY TRUST BANK PLC 67.577 23.110 22.556 Q1, 2014
PZ CUSSONS NIGERIA PLC 52.594 3.867 2.901 Q3, 2014
FORTE OIL PLC 34.781 1.103 0.531 Q1, 2014
Source: Nigerian Stock Exchange
MONEY MARKET INDICATORS(13/06/2014) INDICES RATE %
NIBOR(180 days) 14.17
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 Apr. Mar. NBS (Year-on-Year Inflation Rate) 7.90 7.80
MONTHLY CRUDE OIL PRICE 10/06/2014
CRUDE OIL PRICE(BONNY LIGHT) ($) 113.3
Source: Central Bank of Nigeria
Market Update
Portland Paints’ profit rises to N107.5m
Portland Paints and Products Nigeria Plc recorded an improved performance at the end
of the 2013 financial year, as its profit after tax increased to N107.5m, compared to a
loss of N222.7m in 2012. The company’s result for the period also showed that its
operational profit grew from a loss of N130.8m in 2012, to N224m in 2013. The
Chairman of the company, Mr. Larry Ettah, who read out the figures during the
company’s annual general meeting in Lagos on Thursday, said the management of the
company had put strategies in place to ensure continuous profitability in the years to
come. He attributed the turnaround in the fortune of the business to the successful
implementation of innovative and proactive policies.
CBN raises N85bn at bond sale
The Central Bank of Nigeria sold N85.17bn in three-year and 10-year bonds to mostly
local pension funds and some offshore investors, the Debt Management Office said on
Thursday. The DMO said it sold N30bn worth of three-year bonds at an 11.35 per cent
yield, up from the 11.09 per cent the same tenor fetched at an auction last month,
according to Reuters. A total of N50bn was sold in the 10-year paper at 12.24 per cent,
down from 12.54 per cent at the previous auction. In addition, the DMO issued N5.17bn
in 10-year bonds on a non-competitive basis to the central bank. The central bank had
initially offered to sell N35bn each in the three-year and 10-year papers.
U.S. Stocks Decline on Economic Data Amid Iraq Tension
U.S. stocks retreated, with the Standard & Poor’s 500 Index falling a third day, after
data showed a rise in jobless claims and a smaller-than-estimated gain in retail sales.
Delta Air Lines Inc. fell the most in the benchmark index as the price of oil surged after
violence in Iraq threatened to disrupt supplies. The S&P 500 fell 0.5 percent to 1,934.83
at 10:49 a.m. in New York. The Dow Jones Industrial Average slid 68.33 points, or 0.4
percent, to 16,775.55. Trading in S&P 500 stocks was 3 percent below the 30-day
average at this time of 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
Friday Thursday
% Change 13/06/2014 12/06/2014
NSE Index 41,517.10 41,228.65 +0.70
Deals 4,551 5,339 -14.76
Volume (M) 215.417 340.596 -36.75
Value (₦’BN) 2.537 3.712 -31.65
Market Cap (₦’TRN) 13.709 13.614 +0.70
Source: Nigerian Stock Exchange
TOP TRADED STOCKS STOCK VOLUME (UNITS) VALUE (₦)
TRANSCORP 37,505,934 157,720,494.72
UBA 35,576,330 287,719,720.98
ZENITHBANK 13,171,110 333,854,890.90
FBNH 9,523,806 147,663,165.43
DIAMONDBNK 9,410,931 62,977,168.97
Source: Nigerian Stock Exchange
TOP 5 GAINERS
TOP 5 LOSERS
STOCK LAST CLOSE
TODAY CLOSE
CHANGE STOCK
LAST CLOSE
TODAY CLOSE
CHANGE
SEPLAT 650.00 660.00 10.00 OKOMUOIL 33.86 33.00 -0.86
CONOIL 65.98 72.73 6.75 NCR 15.99 15.20 -0.79
NB 170.11 174.64 4.53 WAPCO 110.50 110.00 -0.50
DANGCEM 224.25 227.00 2.75 JOSBREW 3.07 2.79 -0.28
STANBIC 25.35 25.90 0.55 NASCON 11.60 11.50 -0.10
Source: Nigerian Stock Exchange
NAIRA EXCHANGE RATE CURRENCY BUY SELL
BUREAU DE CHANGE 13/06/2014
US DOLLAR 165.00 163.00
POUNDS 285.50 280.00
EURO 236.00 232.00
CBN 13/06/2014
US DOLLAR
154.74
155.75
Source: Central Bank of Nigeria and Market information
CORPORATE ACTIONS
COMPANY BONUS DIVIDENDS(₦) CLOSURE DATE AGM DATE
BERGER PAINTS N/A 0.70 2ND
-6TH
JUNE, 2014 17TH
JULY, 2014
CAP N/A 1.00 20TH
-23RD
,MAY 2014 19TH
JUNE, 2014
SKYE BANK N/A 0.30 15TH
MAY, 2014 29TH
MAY, 2014
Source: Nigerian Stock Exchange
AFRICAN INDICIES
INDEX NAME TODAY PREVIOUS DAY %CHANGE
GHANA; GSE CI 2,357.87 2,361.65 -0.16
EGYPT 30 8,746.27 8,708.69 +0.43
SOUTH AFRICA; JSE 50,689.30 50,546.80 +0.28
CASABLANCA; MASI 9,398.85 9,415.06 -0.17
BOTSWANA; DCI 9,125.08 9,125.46 0.00
Source: Various Countries’ Exchanges
