Embed Size (px)
DESCRIPTION
Market Report
Citation preview
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
Monday, 30th 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 408.517 million shares worth N7.571 billion in 5,882 deals. The market capitalization of the 194 listed equities increased by 0.70 percent to close at N14.028 trillion from N13.930 trillion recorded in the previous trading day. The All-Share Index of the NSE also increased by 0.70 percent to close at 42,482.49 from 42,187.62 on Friday.
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(30/06/2014) INDICES RATE9%
NIBOR(180 days) 14.18
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 25/06/2014
CRUDE OIL PRICE(BONNY LIGHT) ($) 115.4
Source: Central Bank of Nigeria
Market Update
SevenUp Bottling Company posts N7.62 billion pretax profit
SevenUp Bottling Company said, on Monday, its pretax profit in the year to March 31
rose to N7.62 billion ($46.8 million), up 133 percent on the previous year. Profit after
tax was N6.43 billion from N2.90 billion the previous year. Revenue rose to N77.89
billion from 64.09 billion, the company said in a filing with the Nigerian Stock
Exchange.
NPF Microfinance Bank pays N228.7m dividend
The NPF Microfinance Bank Plc has commenced the payment of N228.7m dividend to
its shareholders for the 2013 financial year. The dividend, which represents 10 kobo per
share, was approved at the bank’s annual general meeting in Lagos. In approving the
dividend payment, the shareholders commended the bank for its performance in the year
under review. They, however, urged the management to intensify efforts to better the
returns in the future. At the AGM, the outgoing Chairman, NPF Microfinance Bank,
Mrs. Florence Adebanjo, urged the shareholders to continue to give the institution full
support, adding that her exit would not affect it negatively. This, she explained, was
because the management had a strong succession plan and the growth being witnessed
in the institution was sustainable.
U.S. Stocks Fluctuate Amid Quarterly Rally on Home Sales
U.S. stocks fluctuated near record levels, with the Standard & Poor’s 500 Index heading
for the longest stretch of quarterly gains since 1998, as a jump in pending home sales
offset weaker-than-forecast manufacturing data. The S&P 500 added less than 0.1
percent to 1,961.18 at 11:20 a.m. in New York. The equity benchmark gauge is up 4.7
percent this quarter, a sixth consecutive advance. The Dow Jones Industrial Average
lost 20.44 points, or 0.1 percent, to 16,831.40 today.
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
Monday Friday
% Change 30/06/2014 27/06/2014
NSE Index 42,482.49 42,187.62 +0.70
Deals 5,882 4,789 +22.82
Volume (M) 408.517 361.230 +13.09
Value (₦’BN) 7.571 4.991 +51.69
Market Cap (₦’TRN) 14.028 13.930 +0.70
Source: Nigerian Stock Exchange
TOP TRADED STOCKS STOCK VOLUME (UNITS) VALUE (₦)
TRANSCORP 67,566,121 346,777,420.87
UBA 46,704,825 365,918,991.64
OANDO 42,211,877 1,244,223,036.10
JBERGER 40,455,167 2,880,863,201.97
CONTINSURE 29,329,155 31,956,998.95
Source: Nigerian Stock Exchange
TOP 5 GAINERS
TOP 5 LOSERS
STOCK LAST CLOSE
TODAY CLOSE
CHANGE STOCK
LAST CLOSE
TODAY CLOSE
CHANGE
NESTLE 1,098.90 1,150.00 51.10 CADBURY 81.89 80.00 -1.89
SEPLAT 675.10 700.00 24.90 GLAXOSMITH 65.00 64.00 -1.00
TOTAL 171.05 179.60 8.55 PRESCO 36.00 35.01 -0.99
MOBIL 131.00 137.55 6.55 ASHAKACEM 29.00 28.51 -0.49
OANDO 27.36 29.25 1.89 WAPCO 111.40 111.00 -0.40
Source: Nigerian Stock Exchange
NAIRA EXCHANGE RATE CURRENCY BUY SELL
BUREAU DE CHANGE 30/06/2014
US DOLLAR 165.00 163.00
POUNDS 285.50 280.00
EURO 236.00 232.00
CBN 30/06/2014
US DOLLAR
154.74
155.75
Source: Central Bank of Nigeria and Market information
CORPORATE ACTIONS
COMPANY BONUS DIVIDENDS(₦) CLOSURE DATE AGM DATE
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 2,375.02 2,352.45 +0.96
EGYPT 30 8,162.20 8,069.97 +1.13
SOUTH AFRICA; JSE 50,945.26 50,625.37 +0.63
CASABLANCA; MASI 9,226.63 9,247.45 -0.23
BOTSWANA; DCI 9,133.87 9,133.50 0.00
Source: Various Countries’ Exchanges
