NSE Market Analysis for 8th July 2009
by Ope on July 8th, 2009
filed under Capital Market, Make Money
About The Market Today 08/07/09
Trading activities resumed fully at the \Nigerian Stock market yesterday, a day after power outage led to a 30 minutes trading session. A change in the source of power supply by the Nigerian Stock Exchange (NSE) damaged its control panel last Saturday.
However, trading resumed in full scale yesterday and today. But the bears swooped on highly capitalized stocks thereby depressing the market capitalization of the NSE by N5.16 billion to close at N5,961.82 billion.
Similarly, the NSE All share index closed lower at 26,028.89.
Market patronage in terms of Volume of shares exchanged by investors rose by 682.38 million ordinary shares or 195.53 percent when compared with the position in the last trading day. In essence, an aggregate of 1,031.37 million ordinary shares were traded in 8,686 deals today as against a volume of 348.99 million traded in 11,168 deals in the previous transaction.
Turnover by value was on the upswing like volume as it closed at N3.81 billion; N0.49 billion or 14.76 percent rise as against N3.32 billion worth of stocks traded in the previous trading day.
Table 1
Market Statistics
|
|
Today 08/07/2009 |
Previous day 07/07/2009 |
% Change |
|
NSE All-Share Index |
26,028.89 |
26,164.42 |
-0.52 |
|
Total Deals |
8,686 |
11,168 |
-22.22 |
|
Volume Traded (M) |
1,031.37 |
348.99 |
195.53 |
|
Value Traded (N’B) |
3.81 |
3.32 |
14.76 |
|
Turn Over Ratio % |
0.17 |
0.06 |
183.33% Change Point |
|
Mkt. Capt. (N’B) |
5,961.82 |
5,966.98 |
-0.09 |
Guinness Nigeria Plc lead the top gainers list again as the stock added N6.40 or 5.00 percent to its share price to close the market at N134.40 from its opening price of N128.00. Benue Cement Company (BCC) Plc came second on the list, having gained N1.40 or 3.830 percent as it opened and closed the day at N36.60 and N38.00 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
GUINNESS |
128.00 |
134.40 |
+6.40 |
5.00 |
|
BCC |
36.60 |
38.00 |
+1.40 |
3.83 |
|
NBC |
23.61 |
24.79 |
+1.18 |
5.00 |
|
NB |
49.00 |
50.00 |
+1.00 |
2.04 |
|
PZ |
18.32 |
19.23 |
+0.91 |
4.97 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, Total Plc lead the table for the day as the company share price declined by N8.75 or 5.00 percent to close the market at N166.25 per share, from it opening price of N175.00. Followed on the Chart was African Petroleum Plc that lost N4.50 or 5.00 percent to close the day at N85.51 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
TOTAL |
175.00 |
166.25 |
-8.75 |
-5.00 |
|
AP |
90.01 |
85.51 |
-4.50 |
-5.00 |
|
OANDO |
89.00 |
87.51 |
-1.49 |
-1.67 |
|
ETERNAOIL |
25.35 |
24.09 |
-1.26 |
-4.97 |
|
UACN |
39.90 |
39.00 |
-0.90 |
-2.26 |
Figure 2
Top 5 Price Losers
Trading Activities (Sectors/Individuals)
The Insurance sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 313.87 million ordinary shares traded to control 30.43 percent of the aggregate volume of shares traded. The Banking sector, with 250.03 million ordinary shares, traded trailed behind the Insurance sector which represents 24.24 percent of the total volume traded.
Figure 3
Gold Linking Insurance Plc emerges first as the most patronized stock for the day. Investors traded 243.19 million ordinary shares to controlled 77.48 percent of the aggregate volume traded in the Insurance sector and 23.58 percent of the entire market. CAP Plc (200.01 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
GOLDINSURE |
0.50 |
243.19 |
|
CAPOIL |
34.33 |
200.01 |
|
ABBEYBDS |
2.37 |
184.24 |
|
ZENITHBANK |
13.25 |
42.47 |
|
WEMABANK |
3.26 |
31.18 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N2,158.70 million for a 56.63 percent of the aggregate traded value for the day. The Mortgage Companies sector (N438.65 million) followed, representing 11.51 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that Zenith Bank Plc led the highest trading by value at N566.09 million today. The figure controlled 26.22 percent of total traded value in the Banking sector and 14.85 percent of the overall value traded for the whole market. Abbey Building Society Plc (N436.65 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
ZENITHBANK |
13.25 |
566.09 |
|
ABBEYBDS |
2.37 |
436.65 |
|
FIRSTBANK |
20.51 |
346.59 |
|
UBA |
13.21 |
302.22 |
|
ACCESS |
6.80 |
191.45 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N507.12 billion today. This was followed by Nigerian Breweries Plc with N378.13 billion. Zenith Bank Plc N332.80 billion, UBA Plc with N284.67 billion and Guaranty Trust Bank Plc N260.82 billion to maintained the third, fourth and fifth positions respectively.
Table 6
5 Most Capitalized Stocks
|
Stock |
Mkt. Capt. (N’B) |
% of Top 5 |
% of Total |
|
FIRSTBANK |
507.12 |
28.76 |
8.51 |
|
NB |
378.13 |
21.44 |
6.34 |
|
ZENITHBANK |
332.80 |
18.87 |
5.58 |
|
UBA |
284.67 |
16.14 |
4.77 |
|
GUARANTY |
260.82 |
14.79 |
4.37 |
|
Total |
1,763.54 |
100 |
29.58 |
|
Others |
4,198.28 |
|
70.42 |
|
Grand Total |
5,961.82 |
|
100.00 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
Term of the day
CULT STOCKS:
A classification describing stocks that have a sizable investor following, despite the fact that the underlying company has somewhat insignificant fundamentals. Typically, investors are initially attracted to the company’s potential and accumulate positions in speculation that its potential will be fulfilled, providing the investors with a substantial payout.
While most of these cult stocks promise they will be the next big story after they make a new discovery or get the newest contract from the government, most do not provide investors with anything other than the story. Furthermore, these stocks typically generate very little, if any, revenue at all.
Market Analysis of 7th July 2009
by Ope on July 7th, 2009
filed under Capital Market, Make Money
About The Market Today 07/07/09
Market Capitalization closed at N5,966.98 billion from N6,177.29 indicating a dropped of N210.31 billion.
Similarly, the all share index dropped by 922.14 to close at 26,164.42 points from 27,086.56.
Market patronage in terms of Volume of shares exchanged by investors dropped by 35.86 million ordinary shares or 9.32 percent when compared with the position in the last trading day. In essence, an aggregate of 348.99 million ordinary shares were traded in 11,168 deals today as against a volume of 384.85 million traded in 8,549 deals in the previous transaction.
Turnover by value was on the downswing like volume as it closed at N3.32 billion; N0.08 billion or 2.35 percent drop as against N3.40 billion worth of stocks traded in the previous trading day.
Table 1
Market Statistics
|
|
Today 07/07/2009 |
Previous day 03/07/2009 |
% Change |
|
NSE All-Share Index |
26,164.42 |
27,086.56 |
-3.40 |
|
Total Deals |
11,168 |
8,549 |
30.64 |
|
Volume Traded (M) |
348.99 |
384.85 |
-9.32 |
|
Value Traded(N’B) |
3.32 |
3.40 |
-2.35 |
|
Turn Over Ratio % |
0.06 |
0.06 |
0.00% Change Point |
|
Mkt. Capt. (N’B) |
5,966.98 |
6,177.29 |
-3.40 |
Guinness Nigeria Plc lead the top gainers list again as the stock added N2.94 or 2.35 percent to its share price to close the market at N128.00 from its opening price of N125.06. Nigerian Bottling Company Plc came second on the list, having gained N1.12 or 4.98 percent as it opened and closed the day at N22.49 and N23.61 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
GUINNESS |
125.06 |
128.00 |
+2.94 |
2.35 |
|
NBC |
22.49 |
23.61 |
+1.12 |
4.98 |
|
WAPCO |
26.77 |
27.75 |
+0.98 |
3.66 |
|
UNILEVER |
13.50 |
14.17 |
+0.67 |
4.96 |
|
DANGSUGAR |
17.78 |
18.45 |
+0.67 |
3.77 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, First Bank of Nigeria Plc lead the table for the day as the company share price declined by N1.09 or 4.95 percent to close the market at N20.91 per share, from it opening price of N22.00. Followed on the Chart was Nigeria Breweries Plc that lost N1.00 or 2.00 percent to close the day at N49.00 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
FIRSTBANK |
22.00 |
20.91 |
-1.09 |
-4.95 |
|
NB |
50.00 |
49.00 |
-1.00 |
-2.00 |
|
PZ |
19.21 |
18.32 |
-0.89 |
-4.63 |
|
UBN |
17.65 |
16.78 |
-0.87 |
-4.93 |
|
ZENITHBANK |
14.67 |
13.94 |
-0.73 |
-4.98 |
Figure 2
Top 5 Price Losers
Trading Activities (Sectors/Individuals)
The Bank sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 217.33 million ordinary shares traded to control 62.27 percent of the aggregate volume of shares traded. The Insurance sector, with 51.71 million ordinary shares, traded trailed behind the Insurance sector which represents 14.82 percent of the total volume traded.
Figure 3
Zenith Bank Plc emerges first as the most patronized stock for the day. Investors traded 37.76 million ordinary shares to controlled 17.37 percent of the aggregate volume traded in the Banking sector and 10.82 percent of the entire market. United Bank for Africa Plc (25.99 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
ZENITHBANK |
13.94 |
37.76 |
|
UBA |
12.83 |
25.99 |
|
FIRSTBANK |
20.91 |
24.84 |
|
GUARANTY |
13.76 |
24.44 |
|
ACCESS |
6.91 |
17.33 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N2,427.82 million for a 73.04 percent of the aggregate traded value for the day. The Breweries sector (N209.63 million) followed, representing 6.31 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that First Bank Plc led the highest trading by value at N530.45 million today. The figure controlled 21.85 percent of total traded value in the Banking sector and 15.96 percent of the overall value traded for the whole market. Zenith Bank Plc (N529.47 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
FIRSTBANK |
20.91 |
530.45 |
|
ZENITHBANK |
13.94 |
529.47 |
|
GUARANTY |
13.76 |
346.35 |
|
UBA |
12.83 |
342.52 |
|
NB |
49.00 |
152.64 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N543.96 billion today. This was followed by Nigerian Breweries Plc with N389.47 billion. Zenith Bank Plc N375.50 billion, UBA Plc with N301.26 billion and Guaranty Trust Bank Plc N287.83 billion to maintained the third, fourth and fifth positions respectively.
Table 6
5 Most Capitalized Stocks
|
Stock |
Mkt. Capt. (N’B) |
% of Top 5 |
% of Total |
|
FIRSTBANK |
517.01 |
29.14 |
8.66 |
|
NB |
370.57 |
20.89 |
6.21 |
|
ZENITHBANK |
350.13 |
19.74 |
5.87 |
|
UBA |
276.48 |
15.58 |
4.63 |
|
GUARANTY |
259.88 |
14.65 |
4.36 |
|
Total |
1,774.07 |
100 |
29.73 |
|
Others |
4,192.91 |
|
70.27 |
|
Grand Total |
5,966.98 |
|
100.00 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
Term of the day
EARNINGS SEASON
The months in which a majority of quarterly corporate earnings are released to the public. Earnings season occurs in the month following the end of each quarter: January, April, July or October.
Market Analysis for 03-07-09
by Ope on July 3rd, 2009
filed under Capital Market, Make Money
Market Capitalization closed at N6,177.29 billion from N6,212.04 today indicating a dropped of N34.75 billion.
Similarly, the all share index dropped by 152.38 to close at 27,086.56 points from 27,238.94.
Market patronage in terms of Volume of shares exchanged by investors dropped by 168.23 million ordinary shares or 30.42 percent when compared with the position in the last trading day. In essence, an aggregate of 384.85 million ordinary shares were traded in 8,549 deals today as against a volume of 553.08 million traded in 9,226 deals in the previous transaction.
Turnover by value was on the downswing like volume as it closed at N3.40 billion; N0.69 billion or 16.87 percent drop as against N4.09 billion worth of stocks traded yesterday.
Table 1
Market Statistics
|
|
Today 03/07/2009 |
Previous day 02/07/2009 |
% Change |
|
NSE All-Share Index |
27,086.56 |
27,238.94 |
-0.56 |
|
Total Deals |
8,549 |
9,226 |
-7.34 |
|
Volume Traded (M) |
384.85 |
553.08 |
-30.42 |
|
Value Traded (N’B) |
3.40 |
4.09 |
-16.87 |
|
Turn Over Ratio % |
0.06 |
0.08 |
-25.00% Change Point |
|
Mkt. Capt. (N’B) |
6,177.29 |
6,212.04 |
-0.56 |
Mobil Nigeria Plc lead the top gainers list again as the stock added N5.89 or 4.99 percent to its share price to close the market at N123.87 from its opening price of N117.98. Oando Plc came second on the list, having gained N2.78 or 3.12 percent as it opened and closed the day at N89.11 and N91.89 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
MOBIL |
117.98 |
123.87 |
+5.89 |
4.99 |
|
OANDO |
89.11 |
91.89 |
+2.78 |
3.12 |
|
BCC |
43.00 |
45.00 |
+2.00 |
4.65 |
|
UACN |
38.37 |
40.28 |
+1.91 |
4.98 |
|
NB |
49.76 |
51.50 |
+1.74 |
3.50 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, African Petroleum Plc lead the table for the day as the company share price declined by N4.97 or 4.99 percent to close the market at N94.53 per share, from it opening price of N99.50. Followed on the Chart was Guinness Plc that lost N4.44 or 3.43 percent to close the day at N125.06 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
AP |
99.50 |
94.53 |
-4.97 |
-4.99 |
|
GUINNESS |
129.50 |
125.06 |
-4.44 |
-3.43 |
|
NESTLE |
189.05 |
185.00 |
-4.05 |
-2.14 |
|
ETERNAOIL |
26.68 |
25.35 |
-1.33 |
-4.99 |
|
PZ |
20.00 |
19.21 |
-0.79 |
-3.95 |
Figure 2
Top 5 Price Losers
Trading Activities (Sectors/Individuals)
The Bank sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 166.49 million ordinary shares traded to control 43.26 percent of the aggregate volume of shares traded. The Insurance sector, with 117.30 million ordinary shares, traded trailed behind the Insurance sector which represents 30.48 percent of the total volume traded.
Figure 3
International Energy Insurance Plc emerges first as the most patronized stock for the day. Investors traded 41.45 million ordinary shares to controlled 35.34 percent of the aggregate volume traded in the Insurance sector and 10.77 percent of the entire market. Guaranty Trust Bank Plc (40.94 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
INTENEGINS |
1.57 |
41.45 |
|
GUARANTY |
15.24 |
40.94 |
|
ACCESS |
7.60 |
21.26 |
|
UACN |
40.28 |
19.32 |
|
AIICO |
1.17 |
17.67 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N1,723.76 million for a 50.67 percent of the aggregate traded value for the day. The Conglomerates sector (N792.06 million) followed, representing 23.28 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that UACN Plc led the highest trading by value at N774.60 million today. The figure controlled 97.80 percent of total traded value in the Conglomerates sector and 22.77 percent of the overall value traded for the whole market. Guaranty Trust Bank Plc (N583.11 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
UACN |
40.28 |
774.60 |
|
GUARANTY |
15.24 |
583.11 |
|
FIRSTBANK |
22.00 |
316.59 |
|
BCC |
45.00 |
173.55 |
|
ACCESS |
7.60 |
162.25 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N543.96 billion today. This was followed by Nigerian Breweries Plc with N389.47 billion. Zenith Bank Plc N375.50 billion, UBA Plc with N301.26 billion and Guaranty Trust Bank Plc N287.83 billion to maintained the third, fourth and fifth positions respectively.
Table 6
5 Most Capitalized Stocks
|
Stock |
Mkt. Capt. (N’B) |
% of Top 5 |
% of Total |
|
FIRSTBANK |
543.96 |
28.66 |
8.81 |
|
NB |
389.47 |
20.52 |
6.30 |
|
ZENITHBANK |
375.50 |
19.78 |
6.08 |
|
UBA |
301.26 |
15.87 |
4.88 |
|
GUARANTY |
287.83 |
15.16 |
4.66 |
|
Total |
1,898.02 |
|
30.73 |
|
Others |
4,279.27 |
|
69.27 |
|
Grand Total |
6,177.29 |
|
100.00 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
AFRICAN PETROLEUM PLC: Audited result for the year ended 31st December 2008 shows Turnover of N162,595.51 million as against N102,498.73 million in 2007. Profit after tax stood at N7,147.75 million compared with profit after tax and exceptional items of N7,077.1 million in 2007. The Board of Directors is recommending a dividend of N5.20 per share. The date of closure of register is July 3, 2009 while payment date is July 27, 2009. The 30th Annual General Meeting is scheduled to hold at Civic Centre, Ozumba Mbadiwe Street, Victoria Island, Lagos on Wednesday, July 22, 2009 by 10.00a.m.
MAY & BAKER NIGERIA PLC: Audited result for the year ended 31st December 2008 shows Turnover of N5,439.91 million as against N3,859.75 million in 2007. Profit after tax and exceptional items stood at N418 million compared with profit after tax of N208.32 million in 2007. The Board of Directors had earlier recommended a dividend of N0.40 per share. The date of closure of register is July 16, 2009 while payment date is August 10, 2009. Also, the Board of Directors explained that the exceptional items represents Insurance Claims less expenses incurred in the restoration of the Pharmaceutical Plant gutted by fire on January 12, 2008. The 58th Annual General Meeting is scheduled to hold at Muson Centre, Onikan, Lagos on Tuesday, July 28, 2009.
ASSOCIATED BUS COMPANY PLC: Audited result for the year ended 31st December 2008 shows Turnover of N3,956.9 million as against N3,201.65 million in 2007. Profit after tax and exceptional items stood at N167.12 million compared with profit after tax of N141.25 million in 2007. The Board of Directors is recommending a dividend of N0.10 per share. The dates of closure of register and payment would be announced later.
ASSOCIATED BUS COMPANY PLC: Unaudited result for the first quarter ended 31st March 2009 shows Turnover of N977.61 million, as against N898.2 million in the comparable period of 2008. Profit after tax stood at N53.72 million compared with N62.94 million in 2008.
ECOBANK NIGERIA PLC: Audited result for the year ended 31st December 2008 shows Gross Earnings of N55,155.91 million as against N32,709.71 million in 2007. Profit after tax and exceptional items stood at N2,130.5 million compared with profit after tax of N7,449.78 million in 2007. The date of closure of register is July 10, 2009. The 21st Annual General Meeting is scheduled to hold at Muson Centre, Onikan, Lagos on Monday, July 27, 2009 by 11.00a.m.
SOVEREIGN TRUST INSURANCE PLC: Audited result for the year ended 31st December 2008. The Board of Directors is recommending a dividend of N0.03 per share. The date of closure of register is July 16, 2009, while payment date is September 7, 2009. The 14th Annual General Meeting is scheduled to hold at Civic Centre, Ozumba Mbadiwe Street, Victoria Island, Lagos on Thursday, August 6, 2009 by 12.00noon.
SOVEREIGN TRUST INSURANCE PLC: Unaudited result for the first quarter ended 31st March 2009 shows Gross Premium of N1,559.0 million, as against N1,331.55 million in the comparable period of 2008. Profit after tax stood at N332.1 million compared with N268.8 million in 2008.
STACO INSURANCE PLC: Audited result for the year ended 31st December 2008 shows Gross premium of N4,375.12 million as against N2,814.8 million in 2007. Profit after tax stood at N542.42 million compared with N758 million in 2007. The Board of Directors is recommending a dividend of N0.02 per share and bonus of 1 for 10. The date of closure of register is July 20, 2009 while payment date is August 17, 2009. The Annual General Meeting is scheduled to hold at Federal Palace Hotel, 6/8 Ahmadu Bello Way, Victoria Island, Lagos on Thursday, August 6, 2009 by 11.00a.m.
REGENCY ALLIANCE INSURANCE PLC: Audited result for the year ended 31st December 2008 shows Gross premium of N1,705.72 million as against N1,210.8 million in 2007. Profit after tax stood at N312.7 million compared with N237.54 million in 2007. The date of closure of register is September 25, 2009. The Board of Directors is recommending a dividend of N0.02 per share and dividend of 1 for 10. The date of closure of register and payment would be advised later.
TRANS-NATIONWIDE EXPRESS PLC: Audited result for the year ended 31st December 2008 shows Turnover of N474.7 million as against N378.5 million in 2007. Profit after tax stood at N47.5 million compared with N45.71 million in 2007. The Board of Directors is recommending a dividend of N0.10 per share. The date of closure of register and payment would be advised later.
CHEVRON OIL NIGERIA PLC: Audited result for the year ended 31st December 2008 shows Turnover of N48,687.82 million as against N72,628.1 million in 2007. Loss after tax stood at N225.42 million compared with profit after tax of N1,959.32 million in 2007. The Board of Directors had earlier informed The Exchange and Operators that the first and third quarter results were impacted by strike actions (Transport Union and Employees, respectively), which lasted for approximately five months. The date of closure of register is September 14, 2009. The Annual General Meeting is scheduled to hold at Zaranda Hotel Limited, Jos Road, Bauchi on Tuesday, September 29, 2009 by 11.00a.m.
PINANCLE POINT GROUP LIMITED: Audited result for the year ended 28th February 2009 shows Revenue of R102.71 million as against R50.94 million in 2008. Loss after tax stood at R3.1million compared with R39.21 million in 2008. The Company has primary listing on the JSE Securities Exchange of South Africa where the practice is for the register of members is suspended at year end and opened upon the release of results. Also, the Company proposed to organize “Facts behind the Figures” in a few weeks to provide further information about the company.
Term of the day
PENNY STOCKS
A stock that trades at a relatively low price and market capitalization, usually outside of the major market exchanges. These types of stocks are generally considered to be highly speculative and high risk because of their lack of liquidity, large bid-ask spreads, small capitalization and limited following and disclosure. They will often trade over the counter through the OTCBB and pink sheets.
Afribank Capital Broke the Bank
by Ope on July 2nd, 2009
filed under News
As you maybe aware, other than directing the affairs of Kreativ Management Limited which runs a chain of websites and also engages in web hosting and design for its select clientele, I Head the Finance and Accounts Unit of Dynamic Portfolio Limited (A member of the Nigeria Stock Exchange) as Financial Controller.
The News is that Afribank Capital Limited a subsidiary of Afribank Plc engaged in Corporate Finance, Asset Management and Financial Advisory, as engaged the services of my humble self to join their rejuvenated team (on-going KPMG restructuring exercise).
So, starting from the 17th of July when I am scheduled to resume at my new duty post, somewhere on the 4th or 5th floor of the Afribank House on Afribank Road, Victoria Island, its going to be a new beginning in the Investment Banking world, with me championing the attainment of new frontiers and the embellishment of a robust Investment Banking Brand.
With your support, I am sure to record more successes in my sojourn in Investment Banking.
Drop your comments below.
Stock Market Analysis for 1st July 2009
by Ope on July 1st, 2009
filed under Capital Market, Make Money
The Nigerian Stock Exchange (NSE) all share index which is the major barometer for the performance of the market, closed at 27,217.59 rise from the opening value of 26,861.55
Also the Nigerian Stock Exchange (NSE) capitalization which measures the value of equities closed at N6,207.17 billion indicating a rise of N81.20 billion today.
Market patronage in terms of Volume of shares exchanged by investors dropped by 127.65 million ordinary shares or 23.25 percent when compared with the position in the last trading day. In essence, an aggregate of 421.40 million ordinary shares were traded in 9,620 deals today as against a volume of 549.05 million traded in 10,595 deals in the previous transaction.
Turnover by value was on the downswing like volume as it closed at N4.06 billion; N0.05 billion or 1.22 percent dropped as against N4.11 billion worth of stocks traded yesterday.
Table 1
Market Statistics
|
|
Today 01/07/2009 |
Previous day 30/06/2009 |
% Change |
|
NSE All-Share Index |
27,217.59 |
26,861.55 |
1.33 |
|
Total Deals |
9,620 |
10,595 |
-9.20 |
|
Volume Traded (M) |
421.40 |
549.05 |
-23.25 |
|
Value Traded (N’B) |
4.06 |
4.11 |
-1.22 |
|
Turn Over Ratio % |
0.07 |
0.08 |
-12.50% Change Point |
|
Mkt. Capt. (N’B) |
6,207.17 |
6,125.97 |
1.33 |
Nestle Plc lead the top gainers list again as the stock added N9.01 or 4.74 percent to its share price to close the market at N199.00 from its opening price of N189.99. Guinness Plc came second on the list, having gained N6.45 or 5.00 percent as it opened and closed the day at N129.00 and N135.45 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
NESTLE |
189.99 |
199.00 |
+9.01 |
4.74 |
|
GUINNESS |
129.00 |
135.45 |
+6.45 |
5.00 |
|
BCC |
43.00 |
44.96 |
+1.96 |
4.56 |
|
UACN |
36.51 |
38.33 |
+1.82 |
4.98 |
|
JBERGER |
29.43 |
30.90 |
+1.47 |
4.99 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, Total Plc lead the table for the day as the company share price declined by N3.75 or 2.13 percent to close the market at N172.25 per share, from it opening price of N176.00. Followed on the Chart was Conoil Plc that lost N3.07 or 4.99 percent to close the day at N58.43 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
AP |
110.00 |
104.50 |
-5.50 |
-5.00 |
|
TOTAL |
176.00 |
175.00 |
-1.00 |
-0.57 |
|
ACCESS |
9.05 |
8.35 |
-0.70 |
-7.73 |
|
INTERCONT |
9.10 |
8.65 |
-0.45 |
-4.95 |
|
UNILEVER |
13.77 |
13.51 |
-0.26 |
-1.89 |
Figure 2
Top 5 Price Losers
Trading Activities (Sectors/Individuals)
The Bank sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 282.12 million ordinary shares traded to control 66.95 percent of the aggregate volume of shares traded. The Insurance sector, with 67.43 million ordinary shares, traded trailed behind the Insurance sector which represents 16.00 percent of the total volume traded.
Figure 3
United Bank for Africa (UBA) Plc emerges first as the most patronized stock for the day. Investors traded 63.41 million ordinary shares to controlled 22.48 percent of the aggregate volume traded in the Banking sector and 15.04 percent of the entire market. First Bank Plc (47.15 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
UBA |
14.22 |
63.41 |
|
FIRSTBANK |
22.50 |
47.15 |
|
ZENITHBANK |
15.00 |
27.17 |
|
SKYEBANK |
7.07 |
18.74 |
|
FIRSTINLND |
2.80 |
17.59 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N3,441.16 million for a 84.81 percent of the aggregate traded value for the day. The Building sector (N140.09 million) followed, representing 3.45 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that First Bank Plc led the highest trading by value at N1,069.64 million today. The figure controlled 31.08 percent of total traded value in the Banking sector and 26.36 percent of the overall value traded for the whole market. United Bank for Africa Plc (N897.70 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
FIRSTBANK |
22.50 |
1,069.64 |
|
UBA |
14.22 |
897.70 |
|
ZENITHBANK |
15.00 |
406.26 |
|
GUARANTY |
14.00 |
242.25 |
|
SKYEBANK |
7.07 |
131.36 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N556.32 billion today. This was followed by Zenith Bank Plc with N376.76 billion. Nigerian Breweries Plc N374.35 billion, UBA Plc with N306.43 billion and Guaranty Trust Bank Plc N264.41 billion to maintained the third, fourth and fifth positions respectively.
Table 6
5 Most Capitalized Stocks
|
Stock |
Mkt. Capt. (N’B) |
% of Top 5 |
% of Total |
|
FIRSTBANK |
556.32 |
29.62 |
8.96 |
|
ZENITHBANK |
376.76 |
20.06 |
6.07 |
|
NB |
374.35 |
19.93 |
6.03 |
|
UBA |
306.43 |
16.31 |
4.94 |
|
GUARANTY |
264.41 |
14.08 |
4.26 |
|
Total |
1,878.27 |
100.00 |
30.26 |
|
Others |
4,328.90 |
|
69.74 |
|
Grand Total |
6,207.17 |
|
100 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
Term of the day
FOCUS LIST:
In essence, a focus list is a virtual portfolio that research departments use to battle it out against other firms for bragging rights in stock picking. Focus lists are also great marketing tools. Much like with mutual funds, you’ll often hear about the lists with strong performance (like portfolios that outperform a specific index), but never about those that had a bad year.