Market Analysis for 22-06-09

by Ope on June 22nd, 2009

filed under Capital Market, Make Money

Market activities today reflected a bearish trend as the Nigerian Stock Exchange (NSE) All-share index dropped by 282.90 points or 0.98 percent to stand at 28,627.29 points in contrast to 28,910.19 points posted in the previous transaction.

Moreover, market patronage in terms of Volume of shares exchanged by investors dropped by 29.32 million ordinary shares or 5.32 percent when compared with the position in the last trading day. In essence, an aggregate of 521.43 million ordinary shares were traded in 8,686 deals today as against a volume of 550.75 million traded in 9,582 deals in the previous transaction.

Turnover by Value was also on the downswing as it closed at N4.41 billion; N1.26 billion or 22.22 percent dropped as against N5.67 billion worth of stocks traded last week.

Market Capitalization of the listed 209 equities dropped by N64.52 billion or 0.98 percent to close the day at N6,528.66 billion in contrast to N6,593.18 billion in the previous trading.

Table 1

Market Statistics

	Today 22/06/2009	Previous day 19/06/2009	% Change
NSE All-Share Index	28,627.29	28,910.19	-0.98
Total Deals	8,686	9,582	-9.35
Volume Traded (M)	521.43	550.75	-5.32
Value Traded (N’B)	4.41	5.67	-22.22
Turn Over Ratio %	0.08	0.08	0.00% Change Point
Mkt. Capt. (N’B)	6,528.66	6,593.18	-0.98

Oando Plc lead the top gainers list as the stock added N3.06 or 3.44 percent to its share price to close the market at N92.06 from its opening price of N89.00. West Africa Portland Cement Company Plc came second on the list, having gained N1.21 or 4.97 percent as it opened and closed the day at N24.33 and N25.54 respectively.

Table 2

Stock	Opening Price (N:K)	Closing Price (N:K)	Absolute Change (N:K)	% rise
OANDO	89.00	92.06	+3.06	3.44
WAPCO	24.33	25.54	+1.21	4.97
UACN	41.00	41.90	+0.90	2.20
BCC	40.16	41.02	+0.86	2.14
DANGSUGAR	17.15	17.99	+0.84	4.90

Figure 1

Top 5 Price Gainers

2

On the losers’ chart, Julius Berger Plc lead the table for the day as the company share price declined by N1.50 or 4.41 percent to close the market at N32.50 per share, from it opening price of N34.00. Followed on the Chart was Guinness Plc that lost N1.20 or 0.94 percent to close the day at N127.00 per share.

Table 3

Stock	Opening Price (N:K)	Closing Price (N:K)	Absolute Change (N:K)	% drop
JBERGER	34.00	32.50	-1.50	4.41
GUINNESS	128.20	127.00	-1.20	0.94
NBC	23.76	22.58	-1.18	4.97
FLOURMILL	28.00	27.00	-1.00	3.57
UBN	19.00	18.05	-0.95	5.00

Figure 2

Top 5 Price Losers

Trading Activities (Sectors/Individuals)

The Banking sector again emerges as the top traded Sector in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 341.10 million ordinary shares traded to control 65.42 percent of the aggregate volume of shares traded. The Insurance sector, with 78.23 million ordinary shares, traded trailed behind the Banking sector which represented 15.00 percent of the total volume traded.

Figure 3

United Bank for Africa Plc emerges first as the most patronized stock for the day. Investors traded 57.13 million ordinary shares to controlled 16.75 percent of the aggregate volume traded in the Banking sector and 10.96 percent of the entire market. Guaranty Trust Bank Plc (51.18 million ordinary shares) emerged second position on the list.

Table 4

5 Most Traded Stocks by Volume

Stock	Price (N: K)	Volume (M)
UBA	14.39	57.13
GUARANTY	13.00	51.18
INTERCONT	12.34	45.80
UNITYBNK	2.59	44.17
GUINEAINS	0.86	31.20

Figure 4

5 Most traded Stocks by Volume

The Banking sector was the most active in value traded as the stocks worth N3,576.54 million for a 81.12 percent of the aggregate traded value for the day. The Food/Beverages & Tobacco sector (N133.24 million) followed, representing 3.02 percent of the overall value traded.

Figure5

Analysis on individual company basis showed that United Bank for Africa Plc led the highest trading by value at 813.25 million today. The figure controlled 22.74 percent of total traded value in the Banking sector and 18.45 percent of the overall value traded for the whole market. Guaranty Trust Bank Plc (N666.03 million) was the second highest.

Table 5

5 Most Traded Stocks by Value

Stock	Price (N:K)	Value (N’M)
UBA	14.39	813.25
GUARANTY	13.00	666.03
INTERCONT	12.34	553.70
FIRSTBANK	22.20	280.36
UBN	18.05	229.17

Figure 6

5 Most Traded Stocks by Value

Market Capitalization:

First Bank of Nigeria Plc is the highest capitalized stock at N568.68 billion today. This was followed by Zenith Bank Plc with 416.95 billion. NB Plc 376.62 billion, UBA Plc with 324.96 billion and Intercontinental Bank Plc N263.70 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	548.90	28.67	8.41
ZENITHBANK	402.88	21.04	6.17
NB	402.33	21.01	6.16
UBA	310.09	16.20	4.75
INTERCONT	250.31	13.07	3.83
Total	1,914.51	100.00	29.32
Others	4,614.15		70.68
Grand Total	6,528.66		100

Figure 7

5 Most Capitalized Stocks

Monetary Policy Rate: 8.00 %

Business News

No news

Term of the day

Closing Tick: The number of stocks which closed higher than their previous trade minus the number of stocks whose closing prices were lower than their previous trade. A positive closing tick means that there was buying at the close and indicates strength, the opposite is true for a down closing tick. Those closing higher are called an uptick, while those closing lower are a downtick.

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Market Analysis for 16-06-2009

by Ope on June 16th, 2009

filed under Capital Market, Make Money

Market activities today reflected a bullish trend as the Nigerian Stock Exchange (NSE) All-share index rose by 597.66 points or 2.03 percent to stand at 30,013.26 points in contrast to 29,4150.60 points posted in the previous transaction.

Moreover, market patronage in terms of Volume of shares exchanged by investors rose by 77.82 million ordinary shares or 17.28 percent when compared with the position in the previous day. In essence, an aggregate of 528.25 million ordinary shares were traded in 11,645 deals today as against a volume of 450.43 million traded in 10,168 deals in the previous transaction.

Turnover by Value was also on the upswing as it closed at N4.63 billion; N0.78 billion or 20.18 percent rise as against N3.86 billion worth of stocks traded last week.

Market Capitalization of the listed 209 equities rose by N136.30 billion or 2.03 percent to close the day at N6,844.74 billion in contrast to N6,708.44 billion in the previous trading.

Table 1

Market Statistics

	Today 16/06/2009	Previous day 15/06/2009	% Change
NSE All-Share Index	30,013.26	29,415.60	2.03
Total Deals	11,645	10,168	14.53
Volume Traded (M)	528.25	450.43	17.28
Value Traded (N’B)	4,634.26	3,855.96	20.18
Turn Over Ratio %	0.08	0.07	14.29% Change Point
Mkt. Capt. (N’B)	6,844.74	6,708.44	2.03

Oando Plc lead the top gainers list as the stock added N4.31 or 5.00 percent to its share price to close the market at N90.58 from its opening price of N86.27. Nestle Plc came second on the list, having gained N3.98 or 2.21 percent as it opened and closed the day at N180.01 and N183.99 respectively.

Table 2

Stock	Opening Price (N:K)	Closing Price (N:K)	Absolute Change (N:K)	% rise
OANDO	86.27	90.58	+4.31	5.00
NESTLE	180.01	183.99	+3.98	2.21
GUINNESS	120.00	122.00	+2.00	1.67
BCC	36.39	38.20	+1.81	4.97
FLOUMILL	30.45	31.97	+1.52	4.99

Figure 1

Top 5 Price Gainers

2

On the losers’ chart, Conoil Plc lead the table for the day as the company share price declined by N0.85 or 1.35 percent to close the market at N62.00 per share, from it opening price of N62.85. Followed on the Chart was Intercontinental Bank Plc Plc that lost N0.65 or 4.76 percent to close the day at N13.00 per share.

Table 3

Stock	Opening Price (N:K)	Closing Price (N:K)	Absolute Change (N:K)	% drop
CONOIL	62.85	62.00	-0.85	1.35
INTERCONT	13.65	13.00	-0.65	4.76
ACCESS	10.39	9.88	-0.51	4.91
WAPCO	26.50	26.13	-0.37	1.40
RTRISCOE	7.61	7.35	-0.26	3.42

Figure 2

Top 5 Price Losers

Trading Activities (Sectors/Individuals)

The Banking sector again emerges as the top traded Sector in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 270.32 million ordinary shares traded to control 51.17 percent of the aggregate volume of shares traded. The Insurance sector, with 113.35 million ordinary shares, traded trailed behind the Banking sector which represented 21.46 percent of the total volume traded.

Figure 3

Access Bank Plc emerges first as the most patronized stock for the day. Investors traded 58.94 million ordinary shares to controlled 21.8 percent of the aggregate volume traded in the Banking sector and 11.16 percent of the entire market. Dangsugar Bank Plc (41.00 million ordinary shares) emerged second position on the list.

Table 4

5 Most Traded Stocks by Volume

Stock	Price (N: K)	Volume (M)
ACCESS	9.88	58.94
DANGSUGAR	17.32	41.00
FIRSTBANK	24.65	31.78
DIAMONDBNK	10.39	27.99
GOLDINSURE	0.57	24.89

Figure 4

5 Most traded Stocks by Volume

The Banking sector was the most active in value traded as the stocks worth N3,038.80 million for a 65.57 percent of the aggregate traded value for the day. The Food/Beverages & Tobacco sector (N812.56 million) followed, representing 17.53 percent of the overall value traded.

Figure5

Analysis on individual company basis showed that First Bank of Nigeria Plc led the highest trading by value at 790.89 million today. The figure controlled 26.03 percent of total traded value in the Banking sector and 17.07 percent of the overall value traded for the whole market. Dangote Sugar Plc (N704.52 million) was the second highest.

Table 5

5 Most Traded Stocks by Value

Stock	Price (N:K)	Value (N’M)
FIRSTBANK	24.65	790.89
DANGSUGAR	17.32	704.52
ACCESS	9.88	625.70
DIAMONDBNK	10.39	283.24
UBA	15.60	279.02

Figure 6

5 Most Traded Stocks by Value

Market Capitalization:

First Bank of Nigeria Plc is the highest capitalized stock at N568.68 billion today. This was followed by Zenith Bank Plc with 416.95 billion. NB Plc 376.62 billion, UBA Plc with 324.96 billion and Intercontinental Bank Plc N263.70 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	609.48	30.25	8.90
ZENITHBANK	426.99	21.20	6.24
NB	378.13	18.77	5.52
UBA	336.19	16.69	4.91
INTERCONT	263.70	13.09	3.85
Total	2,014.49	100.00	29.43
Others	4,830.25		70.57
Grand Total	6,844.74		100

Figure 7

5 Most Capitalized Stocks

Monetary Policy Rate: 8.00 %

Business News

No news

Term of the day

Green Investment: Investment activities that focus on companies or projects that are committed to the conservation of natural resources, the production and discovery of alternative energy sources, the implementation of clean air and water projects, and/or other environmentally conscious business practices. 

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Daily Stock Market Analysis for 9-06-09

by Ope on June 9th, 2009

filed under Capital Market, Make Money

About The Market Today 09/06/09

The bears made overriding impact in the market today as the Nigerian Stock Exchange (NSE) All-share index dropped by 598 points or 2.04 percent to stand at 28,674.60 points in contrast to 29,272.60 points posted in the previous transaction.

Moreover, market patronage in terms of Volume of shares exchanged by investors rose by 125.21 million ordinary shares or 35.18 percent when compared with the position in the previous day. In essence, an aggregate of 481.11 million ordinary shares were traded in 12,374 deals today as against a volume of 355.90 million traded in 11,058 deals in yesterday trading.

Turnover by Value was on the upswing today as it closed at N3.46 billion; a N0.51 billion or 17.23 percent rise as against N2.95 billion worth of stocks traded yesterday.

Market Capitalization of the listed 207 equities dropped by N27.56 billion or 0.41 percent to close the day at N6,539.45 billion in contrast to N6,567.01 billion in the previous trading.

Table 1

Market Statistics

	Today 09/06/2009	Previous day 08/06/2009	% Change
NSE All-Share Index	28,674.60	29,272.60	-2.04
Total Deals	12,374	11,058	11.90
Volume Traded(M)	481.11	355.90	35.18
Value Traded(N’B)	3,455.81	2,947.81	17.23
Turn Over Ratio %	0.07	0.01	600% Change Point
Mkt. Capt. (N’B)	6,539.45	6,567.01	-0.41

7up Plc lead the top gainers list as the stock added N1.09 or 2.80 percent to its share price to close the market at N40.00 from its opening price of N38.91. UACN Plc came second on the list, having gained N1.00 or 2.60 percent as it opened and closed the day at N38.50 and N39.50 respectively.

Table 2

Stock	Opening Price (N:K)	Closing Price (N:K)	Absolute Change (N:K)	% rise
7UP	38.91	40.00	+1.09	2.80
UACN	38.50	39.50	+1.00	2.60
NESTLE	183.00	183.99	+0.99	0.54
UBN	15.90	16.69	+0.79	4.97
NB	49.05	49.81	+0.76	1.55

Figure 1

Top 5 Price Gainers

2

On the losers’ chart, Oando Plc lead the table for the day as the company share price declined by N4.01 or 4.24 percent to close the market at N90.49 per share, from it opening price of N94.50. Followed on the Chart was Guinness Plc that lost N2.01 or 1.68 percent to close the day at N117.99 per share.

Table 3

Stock	Opening Price (N:K)	Closing Price (N:K)	Absolute Change (N:K)	% drop
OANDO	94.50	90.49	-4.01	4.24
GUINNESS	120.00	117.99	-2.01	1.68
CONOIL	59.00	57.02	-1.98	3.36
JBERGER	39.58	37.61	-1.97	4.98
FLOURMILL	32.42	31.00	-1.42	4.38

Figure 2

Top 5 Price Losers

Trading Activities (Sectors/Individuals)

The Banking sector again emerges as the top traded Sector in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 193.87 million ordinary shares traded to control largely 40.30 percent of the aggregate volume of shares traded. The Insurance sector, with 188.22 million ordinary shares, traded trailed behind the Banking sector which represented 39.12 percent of the total volume traded.

Figure 3

Gold Link Insurance Plc emerges first as the most patronized stock for the day. Investors traded 101.48 million ordinary shares to controlled 21.19 percent of the aggregate volume traded in the Banking sector and 12.38 percent of the entire market. First City Monument Bank Plc (30.15 million ordinary shares) emerged second position on the list.

Table 4

5 Most Traded Stocks by Volume

Stock	Price (N: K)	Volume (M)	Value (N’M)
GOLDINSURE	0.61	101.48	61.53
FIRSTBANK	22.10	31.64	696.76
ACCESS	10.10	24.79	253.22
UBA	15.01	16.98	249.81
FCMB	8.69	13.64	119.72

Figure 4

5 Most traded Stocks by Volume

The Banking sector was the most active in value traded as the stocks worth N2,261.26 million for a 65.43 percent of the aggregate traded value for the day. The Breweries sector (N257.57 million) followed, representing 7.45 percent of the overall value traded.

Figure5

Analysis on individual company basis showed that First Bank Plc led the highest trading by value at 696.76 million today. The figure controlled 30.81 percent of total traded value in the Banking sector and 20.16 percent of the overall value traded for the whole market. Access Bank Plc (N253.22 million) was the second highest.

Table 5

5 Most Traded Stocks by Value

Stock	Price (N:K)	Value (N’M)
FIRSTBANK	22.10	696.76
ACCESS	10.10	253.22
UBA	15.01	249.81
GUARANTY	12.90	153.66
ETI	12.50	149.99

Figure 6

5 Most Traded Stocks by Value

Market Capitalization:

First Bank of Nigeria Plc is the highest capitalized stock at N546.43 billion today. This was followed by Nigeria Breweries Plc with 376.69 billion. United Bank for Africa Plc 323.45billion, Zenith Bank Plc with 292.87 billion and Dangote Sugar Plc N236.76 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	546.43	30.76	8.36
NB	376.69	21.21	5.76
UBA	323.45	18.21	4.95
ZENITHBANK	292.87	16.49	4.48
DANGSUGAR	236.76	13.33	3.62
Total	1,776.20	100.00	27.16
Others	4,763.25		72.84
Grand Total	6,539.45		100.00

Figure 7

5 Most Capitalized Stocks

Monetary Policy Rate: 8.00 %

Business News

Term for the Day

Capital Share: The class of shares offered by a dual-purpose fund that has opportunity for capital appreciation but does not offer the holder any portion of the fixed income earned within the portfolio. Capital shares typically attract investors that are looking more for capital growth than for income growth as profits are made only if the stocks increase in price.

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Daily Stock Market Analysis of 5th May 09

by Ope on June 5th, 2009

filed under Capital Market, Make Money

Investors may have resumed another round of profit taking activity in the capital market, which resulted in the lowering of market indicators.

For three consecutive days, market indices have been on the slide as many stocks were depreciated in value. This trend is quite visible in the banking sub-sector which had been the prime driver of the bullish trend witnessed in the recent past.

The Nigerian Stock Exchange (NSE) All-share index today dropped by 1,345.91 points or 4.56 percent to stand at 28,168.89 points in contrast to 29,514.80 points posted in yesterday’s transaction.

Moreover, market patronage in terms of Volume of shares exchanged by investors rose by 5.29 million ordinary shares or 1.06 percent when compared with the position in the preceding day. In essence, an aggregate of 500.52 million ordinary shares were traded in 10,955 deals today as against a volume of 500.23 million traded in 15,060 deals in yesterday trading.

Turnover by Value was on the downswing today as it closed at N3.61 billion; a N1.08 billion or 23.03 percent dropped as against N4.69 billion worth of stocks traded yesterday.

Market Capitalization of the listed 207 equities dropped by N96.09 billion or 1.43 percent to close the day at N6,621.34 billion in contrast to N6,717.43 billion in yesterday trading.

Table 1

Market Statistics

	Today 05/06/2009	Yesterday 04/06/2009	% Change
NSE All-Share Index	28,168.89	29,514.80	-4.56
Total Deals	10,955	15,060	-27.26
Volume Traded (M)	505.52	500.23	1.06
Value Traded (N’B)	3.61	4.69	-23.03
Turn Over Ratio %	0.07	0.07	0.00% Change Point
Mkt. Capt. (N’B)	6,621.34	6,717.43	-1.43

Chevron Plc lead the top gainers list as the stock added N4.74 or 5.00 percent to its share price to close the market at N99.55 from its opening price of N94.81. Nigeria Breweries Plc came second on the list, having gained N2.30 or 4.60 percent as it opened and closed the day at N50.00 and N52.30 respectively.

Table 2

Stock	Opening Price (N:K)	Closing Price (N:K)	Absolute Change (N:K)	% rise
CHEVRON	94.81	99.55	+4.74	5.00
OANDO	86.45	90.00	+3.55	4.11
GCAPPA	20.68	21.71	+1.03	4.98
FIRSTBANK	21.65	22.48	+0.83	3.83
GUARANTY	13.18	13.75	+0.57	4.32

Figure 1

Top 5 Price Gainers

On the losers’ chart, Guinness Nigeria Plc lead the table for the day as the company share price declined by N5.00 or 4.20 percent to close the market at N120.00 per share, from it opening price of N115.00. Followed on the Chart was Nestle Plc that lost N5.00 or 2.75 percent to close the day at N177.00 per share.

Table 3

Stock	Opening Price (N:K)	Closing Price (N:K)	Absolute Change (N:K)	% drop
GUINNESS	120.00	115.00	-5.00	4.17
NESTLE	182.00	177.00	-5.00	2.75
NB	52.30	49.69	-2.61	4.99
JBERGER	43.85	41.66	-2.19	4.99
FLOURMILL	35.91	34.12	-1.79	4.98

Figure 2

Top 5 Price Losers

Trading Activities (Sectors/Individuals)

The Banking sector again emerges as the top traded Sector in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 295.22 million ordinary shares traded to control largely 58.40 percent of the aggregate volume of shares traded. The Insurance sector, with 83.36 million ordinary shares, traded trailed behind the Banking sector which represented 16.49 percent of the total volume traded.

Figure 3

Access Bank Plc emerges first as the most patronized stock for the day. Investors traded 62.56 million ordinary shares to controlled 21.19 percent of the aggregate volume traded in the Banking sector and 12.38 percent of the entire market. First City Monument Bank Plc (30.15 million ordinary shares) emerged second position on the list.

Table 4

5 Most Traded Stocks by Volume

Stock	Price (N: K)	Volume (M)	Value (N’M)
ACCESS	9.69	62.56	577.19
FCMB	8.90	30.15	251.03
GUARANTY	13.75	23.17	301.28
WEMABANK	3.88	22.72	88.41
CHAMS	1.44	22.71	32.11

Figure 4

5 Most traded Stocks by Volume

The Banking sector was the most active in value traded as the stocks worth N2,841.84 million for a 78.78 percent of the aggregate traded value for the day. The Conglomerates sector (N204.29 million) followed, representing 5.66 percent of the overall value traded.

Figure5

Analysis on individual company basis showed that Access Bank Plc lead the highest trading by value at N577.19 million today. The figure controlled 20.31 percent of total traded value in the Banking sector and 16.00 percent of the overall value traded for the whole market. First Bank of Nigeria Plc (N449.89 million) was the second highest.

Table 5

5 Most Traded Stocks by Value

Stock	Price (N:K)	Volume(M)	Value (N’M)
ACCESS	9.69	62.56	577.19
FIRSTBANK	22.48	20.29	449.89
GUARANTY	13.75	23.17	301.28
FCMB	8.90	30.15	251.03
ZENITH	17.46	11.17	195.06

Figure 6

5 Most Traded Stocks by Value

Market Capitalization:

First Bank of Nigeria Plc is the highest capitalized stock at N555.83 billion today. This was followed by Nigeria Breweries Plc with 375.78 billion. United Bank for Africa Plc 324.32 billion, Zenith Bank Plc with 292.36 billion and Dangote Sugar Plc N262.20 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	555.83	30.70	8.39
NB	375.78	20.76	5.68
UBA	324.32	17.91	4.90
ZENITHBANK	292.36	16.15	4.42
DANGSUGAR	262.20	14.48	3.96
Total	1,810.49	100.00	27.34
Others	4,810.85		72.66
Grand Total	6,621.34		100.00

Figure 7

5 Most Capitalized Stocks

Monetary Policy Rate: 8.00 %

Business News

JULIUS BERGER NIGERIA PLC: Audited result for the year ended 31st December 2008 shows Turnover of N114,028.62 million as against N79,073.9 million in 2007. Profit after tax stood at N2,508.3 million compared with N1,768.25 million in 2007. The Board of Directors is recommending a dividend of N1.75 per share. The date of closure of register of members is August 4, 2009 while payment date is August 18, 2009. The Annual General Meeting is scheduled to hold at Abuja FCT on Tuesday, August 18, 2009 by 11.00a.m.

DANGOTE SUGAR REFINERY PLC: Audited result for the year ended 31st December 2008 shows Turnover of N80,671.4 million as against N80,649.44 million in 2007. Profit after tax stood at N21,871.05 million compared with N21,478.56 million in 2007. The Board of Directors is recommending a final dividend of N0.35 per share. The date of closure of register of members is June 17, 2009 while payment date is July 3, 2009. The stock price had on August 29, 2008 been adjusted for an interim dividend of N0.85 per share, thus bringing the total gross dividend to N1.20 per share. The 3rd Annual General Meeting is scheduled to hold at the Silver Motel, Yola, Adamawa State on Tuesday, June 30, 2009 by 11.00a.m.

ASHAKA CEMENT PLC: Audited result for the year ended 31st December 2008 shows Turnover of N21,378.2 million as against N16,473.95 million in 2007. Profit after tax stood at N2,070.05 million compared with N1,603.5 million in 2007. The Board of Directors is recommending a dividend of N0.30 per share. The date of closure of register of members is July 13, 2009 while payment date is July 24, 2009. The Annual General Meeting is scheduled to hold on Thursday, July 23, 2009.

Term for the Day

Buck The Trend

When a security or a class of assets sees its market-driven price move in the opposite direction of the broad market or its competition. The move could be in either direction, but generally occurs as a result of good performance in the face of negative broad market performance.
The meaning is often extrapolated out from just asset prices to business and market fluctuations. If a company is recording increased sales while its competitors lose business, that company would be “bucking the trend”.

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Daily Stock Market Analysis for 4-06-09

by Ope on June 4th, 2009

filed under Capital Market, Make Money

DAILY STOCK MARKET WATCH

(About The Market Today 04/06/09)

More profit takers (Investors selling to realize part of price growth recorded by stocks) thronged the stock market today and halted the bull run witnessed in the past weeks.

Market operators said the arrival of the profit takers was expected, given the fast recovery some of the stocks had made.

The overall transactions traded today shows that The Nigerian Stock Exchange (NSE) All-share index dropped by 678.62 points or 2.24 percent to stand at 29,514.80 points in contrast to 30,193.42 points posted in yesterday’s transaction.

Moreover, market patronage in terms of Volume of shares exchanged by investors dropped by 355.79 million ordinary shares or 41.56 percent when compared with the position in the preceding day. In essence, an aggregate of 500.23 million ordinary shares were traded in 15,060 deals today as against a volume of 856.02 million traded in 14,284 deals in yesterday trading.

Turnover by Value was on the downswing today as it closed at N4.69 billion; a N2.11 billion or 31.03 percent dropped as against N6.80 billion worth of stocks traded yesterday.

Market Capitalization of the listed 207 equities dropped by N154.45 billion or 2.25 percent to close the day at N6,717.43 billion in contrast to N6,871.88 billion in yesterday trading.

Table 1

Market Statistics

	Today 04/06/2009	Yesterday 03/06/2009	% Change
NSE All- Share Index	29,514.80	30,193.42	-2.24
Total Deals	15,060	14,284	5.43
Volume Traded (M)	500.23	856.02	-41.56
Value Traded (N’B)	4.69	6.80	-31.03
Turn Over Ratio %	0.07	0.12	-41.67% Change Point
Mkt. Capt. (N’B)	6,717.43	6,871.88	-2.25

Total Plc lead the top gainers list as the stock added N7.50 or 5.00 percent to its share price to close the market at N157.50 from its opening price of N150.00. Nigeria Breweries Plc came second on the list, having gained N2.30 or 4.60 percent as it opened and closed the day at N50.00 and N52.30 respectively.

Table 2

Stock	Opening Price (N:K)	Closing Price (N:K)	Absolute Change (N:K)	% rise
TOTAL	150.00	157.50	+7.50	5.00
NB	50.00	52.30	+2.30	4.60
JBERGER	41.77	43.85	+2.08	4.98
UNILEVER	13.98	14.67	+0.69	4.94
ETI	11.07	11.62	+0.55	4.97

Figure 1

Top 5 Price Gainers

On the losers’ chart, Oando Plc again lead the table for the day as the company share price declined by N4.55 or 4.20 percent to close the market at N86.45 per share, from it opening price of N91.00. Followed on the Chart was Conoil Plc that lost N2.50 or 4.98 percent to close the day at N60.00 per share.

Table 3

Stock	Opening Price (N:K)	Closing Price (N:K)	Absolute Change (N:K)	% drop
OANDO	91.00	86.45	-4.55	5.00
CONOIL	62.50	60.00	-2.50	4.00
MOBIL	110.00	107.50	-2.50	2.27
NESTLE	183.99	182.00	-1.99	1.08
NBC	28.50	27.08	-1.42	4.98

Figure 2

Top 5 Price Losers

Trading Activities (Sectors/Individuals)

The Banking sector again emerges as the top traded Sector in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 252.89 million ordinary shares traded to control largely 50.55 percent of the aggregate volume of shares traded. The Insurance sector, with 131.92 million ordinary shares, traded trailed behind the Banking sector which represented 26.36 percent of the total volume traded.

Figure 3

Zenith Bank Plc emerges first as the most patronized stock for the day. Investors traded 48.08 million ordinary shares to controlled 19.01 percent of the aggregate volume traded in the Banking sector and 9.61 percent of the entire market. Platinum Bank Plc (35.55 million ordinary shares) emerged second position on the list.

Table 4

5 Most Traded Stocks by Volume

Stock	Price (N: K)	Volume (M)	Value (N’M)
ZENITHBANK	26.20	48.08	1,265.34
PLATINUM	9.79	35.55	332.17
EQUITASUR	0.94	27.24	26.00
FIRSTBANK	21.65	27.01	589.05
SKYEBANK	7.15	23.33	159.95

Figure 4

5 Most traded Stocks by Volume

The Banking sector was the most active in value traded as the stocks worth N3,485.07 million for a 74.38 percent of the aggregate traded value for the day. The Food/Beverages & Tobacco sector (N341.63 million) followed, representing 7.29 percent of the overall value traded.

Figure5

Analysis on individual company basis showed that Zenith Bank Plc lead the highest trading by value at N1,157.88 million today. The figure controlled 25.11 percent of total traded value in the Banking sector and 16.50 percent of the overall value traded for the whole market. Ecobank Transnational Incorporated Plc (N389.19 million) was the second highest.

Table 5

5 Most Traded Stocks by Value

Stock	Price (N:K)	Volume(M)	Value (N’M)
ZENITH	26.20	48.08	1,265.34
FIRSTBNK	21.65	27.01	589.05
PLATINUM	9.79	35.55	332.17
UBA	15.80	17.28	273.83
NB	52.30	4.13	209.29

Figure 6

5 Most Traded Stocks by Value

Market Capitalization:

First Bank of Nigeria Plc is the highest capitalized stock at N535.30 billion today. This was followed by Zenith Bank Plc with 438.71 billion. Nigeria Breweries Plc N395.52 billion, United Bank for Africa Plc 340.48 billion and Dangote Sugar Plc N275.88 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	535.30	26.96	7.97
ZENITHBANK	438.71	22.09	6.53
NB	395.52	19.92	5.89
UBA	340.48	17.14	5.07
DANGSUGAR	275.88	13.89	4.11
Total	1,985.89	100.00	29.56
Others	4731.54		70.44
Grand Total	6,717.43		100.00

Figure 7

5 Most Capitalized Stocks

Monetary Policy Rate: 8.00 %

Business News

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Term for the Day

Stock Switching

If you liquidate a short term or long term position by exchange of one stock for another in your stock investment, the process is known as switching. You could resort to this method in stock investment, if you feel that the stock you acquire has good growth prospects or would have a higher yield. Sometimes, there would be some excess cash when stock switching is done and this could be utilized for augmenting your stock investment by buying other valued stocks.

Posted in Capital Market, Make Money | 3 Comments

New addition to the Capital Market category

by Ope on June 4th, 2009

filed under Capital Market, General, News

Starting from today i would be posting a daily market analysis of the NSE, with indications on overall market direction and once in a while profitable stock picks would be identified for subscribers to this blog.

The crucial issue for me in doing this is to diseminate information to my clients both current and potential in so doing i hope you’ld find this useful i your bid to make profitable investment decisions on your stock portfolio. And on my own part, i sincerely hope i would be able to sustain this posts on a regular basis.

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Femi Otedola makes Forbes List of Billionaires

by Ope on March 13th, 2009

filed under Capital Market, Economy, Politics

As we put on generating sets, kerosine lamps and stoves due to the disaster called PHCN the “Diesel and Kerosine King” runs smiling to the bank and is now on the Forbes List of the Richest Men in the world.

http://www.forbes.com/lists/2009/10/billiona ires-2009-richest-people_ Femi-Otedola_ S6CU.html

The World’s Billionaires
#601 Femi Otedola

Politician’s son used a majority stake in African Petroleum to get himself appointed its chief executive last year.

Net Worth:$1.2 bil
Fortune:self made
Source:Energy
Age:42
Country Of Citizenship: Nigeria
Residence:
Industry:Energy
Education:NA,
Marital Status:married, 4 children

Politician’s son used a majority stake in African Petroleum to get himself appointed its chief executive last year. Now he plans to merge it with his private firm, Zenon, to create the continent’s largest oil company. Deal has stalled in the face of government concerns about a monopoly, with his assets temporarily frozen last year. Nigerian regulators lifted the ban in January. Conflict abounds in Otedola’s life: he claims his friend and fellow billionaire, Aliko Dangote, broke a gentleman’s agreement when he thwarted Zenon’s bid to buy Chevron‘s local subsidiary in September. In retaliation, starting buying shares in Dangote’s publicly traded sugar company.

Posted in Capital Market, Economy, Politics | Leave a Comment

Some Thoughts About The Financial Crises

by Ope on February 24th, 2009

filed under Capital Market, Economy, News

Some interesting perspectives I thought to share with you. Please note these are not my thoughts, but culled
from different view points and they make a heck of a lot of sense.

For once, both optimists and pessimist agree on one thing: 2009 would probably be one of the most challenging times in living history for most people in Nigeria and the world.

Even those who predicted that Nigeria was too detached from the global economic crisis have all reversed
their positions. Warren Buffet (arguably the greatest investor of our time) says: The secret to making money is to be cautious when everyone is greedy and to be greedy when everyone is cautious. But a lot of questions are to be answered:

Has the Nigerian stock market reached its bottom? Should I average down by investing at these low prices? Is there a real estate bubble? Will Naira depreciate further? What else can I invest in? Will I keep my job in 2009?

Will there be a banking crisis or consolidation? How best can I survive in 2009? This is an attempt to answer all these questions and more.

Many experts on the Nigerian economy agree on the following predictions:

Foreign exchange rate will depreciate further to between N150 to N175 and maybe closer to N200 per US$1
by mid to year end 2009; Nigeria’s foreign reserves may have halved by 2009 ending, from about US$52billion in December 2008 ($63bn in September 08); Prime lending rates would range between 20% and 25% depending on CBN’s willingness to print money and the mode of financing our N1 trillion deficit budget;
Crude Oil prices would range between $25 to $55 per barrel depending on weather conditions and events in the Middle East; Real Estate prices would adjust downwards by between 10% to 50% (especially in Ikoyi, Lekki and Victoria Island); Nigeria ‘s cocoa exports would drop significantly;

There would be huge swings in share prices (upwards and downward) with an average slow trend upwards;
Unemployment would rise (especially amongst bankers); Consumer confidence would drop and crime rate  would rise; and the Foreign exchange ‘black’ market would re-emerge and trade at a premium of between 5% to 10% above the official exchange rate.

Generally, all you need in 2009 are the 3 C’s: CASH, COURAGE and CALM.

CASH to survive and take advantage of all the golden opportunities which will arise.

COURAGE to aggressively implement all the highlighted recommendations/ Tips; and

CALM to remain steadfast.

What do you think? fill in your comments below.

Posted in Capital Market, Economy, News | 2 Comments

STARCOMMS PLC Analysis 12th Jan 09

by Ope on January 12th, 2009

filed under Capital Market, Economy, Make Money

Brief Introduction

Starcomms plc was incorporated on the 19^th July, 1995. It is the 4^th largest Nigerian Telecom operator that provides fixed line, mobile and internet/data services over wireless CDMA network. In February 2007, Starcomms Plc launches its nationwide mobile services. Starcomms subscribers has grown to 1.92 million with 1.55 million active subscribers, having full operation in 11 major cities,and going with the plan of making 20 more coverage to sum up to 31 cities by the end of 2008.

The company is also the leading provider of 3G and 3.5G broadband services in Nigeria using CDMA 2000 Ev-Do and the first company in Africa to launch Ev-Do high speed (600-800 kbps) broadband services in June 2006. The company was listed on the Nigerian Stock Exchange on the 14^th July 2008.

Starcomms over the years has position itself to exploit the significant growth expected in the Nigerian Telecommunications market.

Management Team:

The paddle of progress has been sustained over the years by well deserved executives with high level of professionalism, skills and experiences to the achievement of goals and objectives of the company. The board list includes:

1. Chief Maan Lababidi, OON (Chairman)

2. Maher Qubain (CEO)

3. Omar Lababidi

4. Navaid Burney

5. Folabi Williams

6. Paul Edwards

7. John Owers

8. Micheal Rosse

9. Oluwaseyi Owodunni (CFO)

10. Dr. Sam Nwosu (Sales Director)

11. Manoj Vashisht (Marketing Director)

12. Krishnan Madabushi (CTO)

FINANCIAL ANALYSIS

Price Movement: Performance of the shares price of Starcomms Plc on the secondary market has been on the downward trend as analyzed from the period of its listing to the current Market price. For instance, available statistics show that the Company’s share price movement, which stood at N14.33 as at 14 July, 2008, dropped to close the third quarter 26 September, 2008 at N8.04. With the current bearish trend established in the market, the share price dropped sharply to N4.05 as at December 31, 2008.

Turnover: There have been consistent and progressive increases in the turnover over a five (5) year period ending 31 December. Turnover for the year ended 31 Dec., 2003 shows a figure of N3.14 billion, N5.17 billion in 2004, N6.34billion, N13.61 billion, and N20.51 billion, for 2005, 2006, and 2007 respectively. The result for the third quarter ended 30 September 2008 showed an increase of N12.40 billion to stand at N27.13 billion as compared with the N14.73 billion third quarter result for 2007. This shows that the market for the company is expanding, and  huge growth potential.

Technical Analysis/Conclusion

Listing price of 14.33 on 14/7/2008 rose to an all-time high of 14.90 the following day, and ever since has been on the decline till date closing at 3.01 on 9/1/2009. With a total of 6,878,478,096 shares in issue, this translates to a market capitalization of 20.7 billion naira as against a market capitalization of 98.5 billion at listing, a depreciation of 79% in market valuation of the company. The entire market capitalization on the other hand depreciated by about 43% over the same period.

Since the fortune of the market is not looking bright it may be concluded that the share price of Starcomms Plc would continue to fall at a faster rate than the market.

This conclusion is further corroborated by the fact that at the Price/Earnings ratio of the company is ? with an expected dividend of 76kobo per share in Year 2010, when the earnings of the company is expected to be in the positive region based on the company’s forecast. A cursory look at the company’s forecast however, indicates that the company’s performance is below expectation, and that the forecasts may not be met. The expected loss before tax for the year ended December 2008 is put at 454 million naira, but the third quarter (September 2008) results released to market put the company’s loss before tax at over 3 billion naira.

With the final results of the company being expected in a few weeks, and considering the current market meltdown and investor apathy, it is advisable to dispose holdings in Starcomms Plc now before the results come to the market, as the market reaction to these results is expected to further dampen the company’s share price.

Posted in Capital Market, Economy, Make Money | 1 Comment