NSE Analysis for 14-07-09
by Ope on July 14th, 2009
filed under Capital Market, Make Money
The Nigerian Stock Exchange All share index today dropped by 473.94 to close at 25,514.83.
Moreover, Market capitalization closed at N5,848.82 billion compared to N5,957.46 in the previous trading.
Market patronage in terms of Volume of shares exchanged by investors dropped by 2.22 million ordinary shares or 0.49 percent when compared with the position in the last trading day. In essence, an aggregate of 447.33 million ordinary shares were traded in 9,116 deals today as against a volume of 449.55 million traded in 9,397 deals in the previous transaction.
Turnover by value was on the downswing like volume as it closed at N3.50 billion; N0.13 billion or 3.58 percent rise as against N3.63 billion worth of stocks traded in the previous trading day.
Table 1
Market Statistics
|
|
Today 14//07/2009 |
Previous day 13//07/2009 |
% Change |
|
NSE All- Share Index |
25,514.83 |
25,988.77 |
-1.82 |
|
Total Deals |
9,116 |
9,397 |
-2.99 |
|
Volume Traded (M) |
447.33 |
449.55 |
-0.49 |
|
Value Traded (N’B) |
3.50 |
3.63 |
-3.58 |
|
Turn Over Ratio % |
0.08 |
0.08 |
0.00% Change Point |
|
Mkt. Capt. (N’B) |
5,848.82 |
5,957.46 |
-1.82 |
Mobil Plc lead the top gainers list again as the stock added N5.17 or 4.62 percent to its share price to close the market at N117.00 from its opening price of N111.83. Guinness Plc came second on the list, having gained N4.95 or 3.81 percent as it opened and closed the day at N130.05 and N135.00 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
MOBIL |
111.83 |
117.00 |
+5.17 |
4.62 |
|
GUINNESS |
130.05 |
135.00 |
+4.95 |
3.81 |
|
GUARANTY |
13.23 |
13.89 |
+0.66 |
4.99 |
|
UACN |
37.62 |
38.00 |
+0.38 |
1.01 |
|
INTERCONT |
7.93 |
8.29 |
+0.36 |
4.54 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, Nestle Plc lead the table for the day as the company share price declined by N4.02 or 2.26 percent to close the market at N174.06 per share, from it opening price of N178.08. Followed on the Chart was Julius Berger Plc that lost N1.52 or 4.97 percent to close the day at N29.04 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
NESTLE |
178.08 |
174.06 |
-4.02 |
-2.26 |
|
JBERGER |
30.56 |
29.04 |
-1.52 |
-4.97 |
|
BCC |
39.40 |
38.10 |
-1.30 |
-3.30 |
|
ETERNAOIL |
24.09 |
22.89 |
-1.20 |
-4.98 |
|
FIRSTBANK |
22.00 |
20.90 |
-1.10 |
-5.00 |
Figure 2
Top 5 Price Losers
Trading Activities (Sectors/Individuals)
The Banking sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 271.98 million ordinary shares traded to control 60.80 percent of the aggregate volume of shares traded. The Insurance sector, with 46.47 million ordinary shares, traded trailed behind the Insurance sector which represents 10.39 percent of the total volume traded.
Figure 3
Spring Bank Plc emerges first as the most patronized stock for the day. Investors traded 52.72 million ordinary shares to controlled 19.38 percent of the aggregate volume traded in the Banking sector and 11.79 percent of the entire market. Zenith Bank Plc (40.17 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
SPRINGBANK |
5.59 |
52.72 |
|
ZENITHBANK |
13.88 |
40.17 |
|
FIRSTBANK |
20.90 |
30.56 |
|
FIDELITYBK |
2.96 |
17.16 |
|
GUARANTY |
13.89 |
16.41 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N2,598.36 million for a 74.33 percent of the aggregate traded value for the day. The Conglomerates sector (N191.67 million) followed, representing 5.48 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that First Bank Plc led the highest trading by value at N649.76 million today. The figure controlled 25.01 percent of total traded value in the Banking sector and 18.59 percent of the overall value traded for the whole market. Zenith Bank Plc (N558.76 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
FIRSTBANK |
20.90 |
649.76 |
|
ZENITHBANK |
13.88 |
558.76 |
|
SPRINGBANK |
5.59 |
294.72 |
|
GUARANTY |
13.89 |
224.78 |
|
UACN |
38.00 |
176.16 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N519.76 billion today. This was followed by Nigerian Breweries Plc with N378.13 billion. Zenith Bank Plc N348.63 billion, UBA Plc with N267.21 billion and Guaranty Trust Bank Plc N262.33 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 |
519.76 |
29.26 |
8.89 |
|
NB |
378.13 |
21.29 |
6.47 |
|
ZENITHBANK |
348.63 |
19.63 |
5.96 |
|
UBA |
267.21 |
15.05 |
4.57 |
|
GUARANTY |
262.33 |
14.77 |
4.49 |
|
Total |
1,776.06 |
100 |
30.37 |
|
Others |
4,072.76 |
|
69.63 |
|
Grand Total |
5,848.82 |
|
100.00 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
Term of the day:
Blue Chip: Blue chip stocks are seen as a less volatile investment than owning shares in companies without blue chip status because blue chips have an institutional status in the economy. Investors may buy blue chip companies to provide steady growth in their portfolios.
NSE Analysis for 13th July 2009
by Ope on July 13th, 2009
filed under Capital Market, Make Money
The Nigerian Stock Exchange All share index today dropped by 111.87 to close at 25,988.77.
Moreover, Market capitalization closed at N5,957.46 billion compared to N5,983.10 in the previous trading.
Market patronage in terms of Volume of shares exchanged by investors rose by 167.88 million ordinary shares or 59.60 percent when compared with the position in the last trading day. In essence, an aggregate of 449.55 million ordinary shares were traded in 9,397 deals today as against a volume of 281.67 million traded in 6,882 deals in the previous transaction.
Turnover by value was on the upswing like volume as it closed at N3.63 billion; N1.59 billion or 77.94 percent rise as against N2.04 billion worth of stocks traded in the previous trading day.
Table 1
Market Statistics
|
|
Today 13//07/2009 |
Previous day 10//07/2009 |
% Change |
|
NSE All-Share Index |
25,988.77 |
26,100.64 |
-0.43 |
|
Total Deals |
9,397 |
6,882 |
36.54 |
|
Volume Traded (M) |
449.55 |
281.67 |
59.60 |
|
Value Traded (N’B) |
3.63 |
2.04 |
77.94 |
|
Turn Over Ratio % |
0.08 |
0.05 |
60.00% Change Point |
|
Mkt. Capt. (N’B) |
5,957.46 |
5,983.10 |
-0.43 |
Oando Plc lead the top gainers list again as the stock added N4.17 or 4.99 percent to its share price to close the market at N87.67 from its opening price of N83.50. UACN Plc came second on the list, having gained N1.61 or 4.47 percent as it opened and closed the day at N36.01 and N37.62 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
OANDO |
83.50 |
87.67 |
+4.17 |
4.99 |
|
UACN |
36.01 |
37.62 |
+1.61 |
4.47 |
|
FIRSTBANK |
21.00 |
22.00 |
+1.00 |
4.76 |
|
UBN |
16.05 |
16.85 |
+0.80 |
4.98 |
|
PZ |
19.49 |
20.28 |
+0.79 |
4.05 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, Guinness Plc lead the table for the day as the company share price declined by N5.92 or 4.06 percent to close the market at N130.45 per share, from it opening price of N135.97. Followed on the Chart was BCC Plc that lost N2.00 or 4.83 percent to close the day at N83.50 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
GUINNESS |
135.97 |
130.45 |
-5.92 |
-4.06 |
|
BCC |
41.40 |
39.40 |
-2.00 |
-4.83 |
|
JBERGER |
32.16 |
30.56 |
-1.60 |
-4.98 |
|
GLAXOSMITH |
18.00 |
17.10 |
-0.90 |
-5.00 |
|
DANGSUGAR |
17.10 |
16.30 |
-0.80 |
-4.68 |
Figure 2
Top 5 Price Losers
Trading Activities (Sectors/Individuals)
The Banking sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 233.21 million ordinary shares traded to control 51.88 percent of the aggregate volume of shares traded. The Insurance sector, with 35.76 million ordinary shares, traded trailed behind the Insurance sector which represents 35.76 percent of the total volume traded.
Figure 3
Gold Link Plc emerges first as the most patronized stock for the day. Investors traded 81.18 million ordinary shares to controlled 50.50 percent of the aggregate volume traded in the Insurance sector and 18.06 percent of the entire market. First Bank of Nigeria Plc (63.90 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 |
81.18 |
|
FIRSTBANK |
22.00 |
63.90 |
|
AIICO |
1.04 |
22.00 |
|
WEMABANK |
2.94 |
20.24 |
|
INTERCONT |
7.93 |
18.22 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N2,816.69 million for a 77.54 percent of the aggregate traded value for the day. The Petroleum (marketing) sector (N242.91 million) followed, representing 6.69 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that First Bank Plc led the highest trading by value at N1,404.13 million today. The figure controlled 49.85 percent of total traded value in the Banking sector and 38.65 percent of the overall value traded for the whole market. Oando Plc (N234.91 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
FIRSTBANK |
22.00 |
1,404.13 |
|
OANDO |
87.67 |
234.91 |
|
UBN |
16.85 |
230.17 |
|
GUARANTY |
13.23 |
194.67 |
|
UBA |
13.05 |
172.28 |
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 N378.13 billion. Zenith Bank Plc N343.85 billion, UBA Plc with N281.22 billion and Guaranty Trust Bank Plc N249.87 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 |
30.27 |
9.13 |
|
NB |
378.13 |
21.04 |
6.35 |
|
ZENITHBANK |
343.85 |
19.13 |
5.77 |
|
UBA |
281.22 |
15.65 |
4.72 |
|
GUARANTY |
249.87 |
13.90 |
4.19 |
|
Total |
1,797.03 |
100 |
30.16 |
|
Others |
4,160.43 |
|
69.84 |
|
Grand Total |
5,957.46 |
|
100.00 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
Term of the day
BEAR MARKET:
A market condition in which the prices of securities are falling, and widespread pessimism causes the negative sentiment to be self-sustaining. As investors anticipate losses in a bear market and selling continues, pessimism only grows.
NSE Analysis for 10th July 2009
by Ope on July 10th, 2009
filed under Capital Market, Make Money
About The Market Today 10/07/09
The Nigerian Stock Exchange All share index today rose by 442.50 to close at 26,100.64.
Moreover, Market capitalization closed at N5,983.10 billion compared to N5,881.30 in yesterday trading.
Market patronage in terms of Volume of shares exchanged by investors dropped by 77.90 million ordinary shares or 21.66 percent when compared with the position in the last trading day. In essence, an aggregate of 281.67 million ordinary shares were traded in 6,882 deals today as against a volume of 359.57 million traded in 8,528 deals in the previous transaction.
Turnover by value was on the downswing like volume as it closed at N2.04 billion; N0.79 billion or 27.92 percent drop as against N2.83 billion worth of stocks traded in the previous trading day.
Table 1
Market Statistics
|
|
Today 10//07/2009 |
Previous day 09/07/2009 |
% Change |
|
NSE All- Share Index |
26,100.64 |
25,658.14 |
1.72 |
|
Total Deals |
6,882 |
8,528 |
-19.30 |
|
Volume Traded (M) |
281.67 |
359.57 |
-21.66 |
|
Value Traded(N’B) |
2.04 |
2.83 |
-27.92 |
|
Turn Over Ratio % |
0.05 |
0.06 |
-16.67% Change Point |
|
Mkt.Capt. (N’B) |
5,983.10 |
5,881.30 |
1.73 |
Guinness Plc lead the top gainers list again as the stock added N6.47 or 5.00 percent to its share price to close the market at N135.97 from its opening price of N129.50. African Petroleum (AP) Plc came second on the list, having gained N3.99 or 4.67 percent as it opened and closed the day at N85.51 and N89.50 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
GUINNESS |
129.50 |
135.97 |
+6.47 |
5.00 |
|
AP |
85.51 |
89.50 |
+3.99 |
4.67 |
|
BCC |
39.50 |
41.40 |
+1.90 |
4.81 |
|
NBC |
24.79 |
26.02 |
+1.23 |
4.96 |
|
FIRSTBANK |
20.00 |
21.00 |
+1.00 |
5.00 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, Mobil Plc lead the table for the day as the company share price declined by N6.16 or 4.97 percent to close the market at N117.71 per share, from it opening price of N123.87. Followed on the Chart was Oando Plc that lost N1.62 or 1.90 percent to close the day at N83.50 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
MOBIL |
123.87 |
117.71 |
-6.16 |
-4.97 |
|
OANDO |
85.12 |
83.50 |
-1.62 |
-1.90 |
|
UACN |
37.50 |
36.01 |
-1.49 |
-3.97 |
|
WAPCO |
28.40 |
27.01 |
-1.39 |
-4.89 |
|
UNILEVER |
14.09 |
13.49 |
-0.60 |
-4.26 |
Figure 2
Top 5 Price Losers
Trading Activities (Sectors/Individuals)
The Banking sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 164.03 million ordinary shares traded to control 58.24 percent of the aggregate volume of shares traded. The Insurance sector, with 57.27 million ordinary shares, traded trailed behind the Insurance sector which represents 20.33 percent of the total volume traded.
Figure 3
Wema Bank Plc emerges first as the most patronized stock for the day. Investors traded 34.12 million ordinary shares to controlled 20.80 percent of the aggregate volume traded in the Banking sector and 12.11 percent of the entire market. United Bank for Africa Plc (18.91 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
WEMABANK |
3.00 |
34.12 |
|
UBA |
13.59 |
18.91 |
|
GUARANTY |
13.92 |
17.46 |
|
AIICO |
1.06 |
15.41 |
|
CAPOIL |
1.49 |
14.54 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N1,503.44 million for a 73.81 percent of the aggregate traded value for the day. The Breweries sector (N115.66 million) followed, representing 5.68 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that First Bank Plc led the highest trading by value at N304.52 million today. The figure controlled 20.25 percent of total traded value in the Banking sector and 14.95 percent of the overall value traded for the whole market. United Bank for Africa Plc (N252.27 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
FIRSTBANK |
21.00 |
304.52 |
|
UBA |
13.59 |
252.27 |
|
GUARANTY |
13.92 |
247.50 |
|
ZENITHBANK |
13.28 |
144.61 |
|
WEMABANK |
3.00 |
104.76 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N519.23 billion today. This was followed by Nigerian Breweries Plc with N378.05 billion. Zenith Bank Plc N333.56 billion, UBA Plc with N292.85 billion and Guaranty Trust Bank Plc N262.85 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 |
519.23 |
29.06 |
8.68 |
|
NB |
378.05 |
21.16 |
6.32 |
|
ZENITHBANK |
333.56 |
18.67 |
5.58 |
|
UBA |
292.85 |
16.39 |
4.89 |
|
GUARANTY |
262.85 |
14.71 |
4.39 |
|
Total |
1,786.54 |
100 |
29.86 |
|
Others |
4,196.56 |
|
70.14 |
|
Grand Total |
5,983.10 |
|
100.00 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
FIRST BANK OF NIGERIA PLC: Audited result for the year ended 31st March 2009 shows Gross Earnings of N218,287.0 million as against N155,725.0 million in 2008. Profit after tax and exceptional items stood at N12,569.0 million compared with profit after tax of N36,679.0 million in 2008. The Board of Directors is recommending a dividend of N1.35 per share and bonus of 1 for 6. The date of closure of register is July 20, 2009 while payment date is August 24, 2009. The Annual General Meeting is scheduled to hold on Thursday, August 20, 2009.
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 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 22, 2009 while payment date is August 28, 2009. The Annual General Meeting is scheduled to hold at AGIP Recital Hall, Muson Centre, 8/9 Marina, Lagos on Wednesday, July 29, 2009 by 12.00noon.
NIGER INSURANCE PLC: Audited result for the year ended 31st December 2008 shows Gross Premium of N5,324.8 million as against N3,874.22 million in 2007. Profit after tax stood at N206 million compared with N657.02 million in 2007. The Board of Directors is recommending a dividend of N0.05 per share and bonus of 1 for 10. The date of closure of register is July 13, 2009 while payment date is August 10, 2009. The 39th Annual General Meeting is scheduled to hold at Tinapa Business & Leisure Resort, Adiabo, Calabar on Thursday, July 23, 2009 by 10.00a.m.
TRANS-NATIONWIDE EXPRESS PLC: Audited result for the year ended 31st December 2008. The Board of Directors is recommending a dividend of N0.10 per share. The date of closure of register is August 17, 2009 while payment date is September 10, 2009. The Annual General Meeting is scheduled to hold on Thursday, August 27, 2009.
MORISON INDUSTRIES PLC: Audited result for the year ended 31st December 2008 shows Turnover of N369.23 million as against N221.8 million in 2007. Profit after tax stood at N13.9 million compared with N5.5 million in 2007. The Board of Directors is recommending a dividend of N0.05 per share. The date of closure of register is July 20, 2009 while payment date is August 20, 2009. The 54th Annual General Meeting is scheduled to hold at the Company Premises on Thursday, August 13, 2009 by 11.00a.m.
LASACO ASSURANCE PLC: Audited result for the year ended 31st December 2008 shows Gross Premium of N2,334.15 million as against N1,773.85 million in 2007. Profit after tax stood at N364.93 million compared with N688.2 million in 2007. The date of closure of register is August 3, 2009.
CHEVRON OIL NIGERIA PLC: Unaudited result for the first quarter ended 31st March 2009 shows Turnover of N13,893.32 million, as against N8,584.73 million in the comparable period of 2008. Profit after tax stood at N162.4 million compared with loss after tax of N190.63 million in 2008.
Term of the day
GRAY MARKET :
An unofficial market where new issues of shares are bought and sold before they become officially available for trading on the stock exchange.
Market Analysis for 9-07-09
by Ope on July 10th, 2009
filed under Capital Market, Make Money
The Nigerian Stock Exchange All share index today again dropped by 370.75 to closed at 25,658.14.
Moreover, Market capitalization closed at N5,881.30 billion compared to N5,961.82 in yesterday trading.
Market patronage in terms of Volume of shares exchanged by investors dropped by 671.80 million ordinary shares or 65.14 percent when compared with the position in the last trading day. In essence, an aggregate of 359.57 million ordinary shares were traded in 8,528 deals today as against a volume of 1,031.37 million traded in 8,686 deals in the previous transaction.
Turnover by value was on the downswing like volume as it closed at N2.83 billion; N0.98 billion or 25.72 percent drop as against N3.81 billion worth of stocks traded in the previous trading day.
Table 1
Market Statistics
|
|
Today 09/07/2009 |
Previous day 08/07/2009 |
% Change |
|
NSE All-Share Index |
25,658.14 |
26,028.89 |
-1.42 |
|
Total Deals |
8,528 |
8,686 |
-1.82 |
|
Volume Traded (M) |
359.57 |
1,031.37 |
-65.14 |
|
Value Traded (N’B) |
2.83 |
3.81 |
-25.72 |
|
Turn Over Ratio % |
0.06 |
0.17 |
-64.71% Change Point |
|
Mkt. Capt. (N’B) |
5,881.30 |
5,961.82 |
-1.35 |
Benue Cement Company Plc lead the top gainers list again as the stock added N1.50 or 3.95 percent to its share price to close the market at N39.50 from its opening price of N38.00. Eco Bank Transnational Incorporated (ETI) Plc came second on the list, having gained N0.51 or 3.40 percent as it opened and closed the day at N14.98 and N15.49 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
BCC |
38.00 |
39.50 |
+1.50 |
3.95 |
|
ETI |
14.98 |
15.49 |
+0.51 |
3.40 |
|
WAPCO |
28.00 |
28.40 |
+0.40 |
1.43 |
|
NESTLE |
178.00 |
178.27 |
+0.27 |
0.15 |
|
NAHCO |
8.09 |
8.30 |
+0.21 |
2.60 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, Guinness Plc lead the table for the day as the company share price declined by N4.90 or 3.65 percent to close the market at N129.50 per share, from it opening price of N134.40. Followed on the Chart was Oando Plc that lost N2.39 or 2.73 percent to close the day at N85.12 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
GUINNESS |
134.40 |
129.50 |
-4.90 |
-3.65 |
|
OANDO |
87.51 |
85.12 |
-2.39 |
-2.73 |
|
CAP |
34.33 |
32.62 |
-1.71 |
-4.98 |
|
JBERGER |
33.85 |
32.16 |
-1.69 |
-4.99 |
|
UACN |
39.00 |
37.50 |
-1.50 |
-3.85 |
Figure 2
Top 5 Price Losers
Trading Activities (Sectors/Individuals)
The Banking sector emerges as the top traded Sector today in volume among the 30 listed sectors in the Nigeria Stock Exchange Floor. The sector recorded 236.78 million ordinary shares traded to control 65.85 percent of the aggregate volume of shares traded. The Insurance sector, with 54.13 million ordinary shares, traded trailed behind the Insurance sector which represents 15.05 percent of the total volume traded.
Figure 3
Zenith Bank Plc emerges first as the most patronized stock for the day. Investors traded 51.75 million ordinary shares to controlled 21.86 percent of the aggregate volume traded in the Banking sector and 14.39 percent of the entire market. Wema Bank Plc (37.55 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
ZENITHBANK |
12.65 |
51.75 |
|
WEMABANK |
3.12 |
37.55 |
|
INTERCONT |
7.20 |
25.92 |
|
ACCESS |
6.90 |
22.70 |
|
GOLDINS |
0.50 |
16.20 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N2,155.08 million for a 76.18 percent of the aggregate traded value for the day. The Breweries sector (N176.10 million) followed, representing 6.22 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that Zenith Bank Plc led the highest trading by value at N658.99 million today. The figure controlled 30.58 percent of total traded value in the Banking sector and 23.29 percent of the overall value traded for the whole market. First Bank Plc (N298.53 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
ZENITHBANK |
12.65 |
658.99 |
|
FIRSTBANK |
20.00 |
298.53 |
|
GUARANTY |
13.90 |
184.63 |
|
INTERCONT |
7.20 |
182.52 |
|
NB |
50.00 |
167.59 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N494.51 billion today. This was followed by Nigerian Breweries Plc with N378.13 billion. Zenith Bank Plc N317.73 billion, UBA Plc with N284.45 billion and Guaranty Trust Bank Plc N262.52 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 |
494.51 |
28.46 |
8.41 |
|
NB |
378.13 |
21.76 |
6.43 |
|
ZENITHBANK |
317.73 |
18.29 |
5.40 |
|
UBA |
284.45 |
16.37 |
4.84 |
|
GUARANTY |
262.52 |
15.11 |
4.46 |
|
Total |
1,737.34 |
100 |
29.54 |
|
Others |
4,143.96 |
|
70.46 |
|
Grand Total |
5,881.30 |
|
100.00 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
Term of the day
Appraisal Right:
The right of shareholders to demand the fair payment of securities undergoing a merger by a third party valuator
It’s a protection policy for shareholders, preventing corporations involved in the merger from paying less than the company is worth to the shareholder.
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.
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.
NSE Market Analysis 30-06-09
by Ope on June 30th, 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 26,861.55 rise from the opening value of 26,249.28
Also the Nigerian Stock Exchange (NSE) capitalization which measures the value of equities closed at N6,125.97 billion indicating a rise of N139.63 billion today.
Market patronage in terms of Volume of shares exchanged by investors rose by 110.25 million ordinary shares or 25.13 percent when compared with the position in the last trading day. In essence, an aggregate of 549.05 million ordinary shares were traded in 10,595 deals today as against a volume of 438.80 million traded in 8,360 deals in the previous transaction.
Turnover by value was on the upswing like volume as it closed at N4.11 billion; N0.71 billion or 20.88 percent rise as against N3.40 billion worth of stocks traded yesterday.
Table 1
Market Statistics
|
|
Today 30/06/2009 |
Previous day 29/06/2009 |
% Change |
|
NSE All-Share Index |
26,861.55 |
26,249.28 |
2.33 |
|
Total Deals |
10,595 |
8,360 |
26.73 |
|
Volume Traded (M) |
549.05 |
438.80 |
25.13 |
|
Value Traded (N’B) |
4.11 |
3.40 |
20.88 |
|
Turn Over Ratio % |
0.08 |
0.07 |
14.29% Change Point |
|
Mkt. Capt. (N’B) |
6,125.97 |
5,986.34 |
2.33 |
Nestle Plc lead the top gainers list as the stock added N6.99 or 3.82 percent to its share price to close the market at N189.99 from its opening price of N183.00. African Petroleum Plc came second on the list, having gained N5.23 or 4.99 percent as it opened and closed the day at N104.77 and N110.00 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
NESTLE |
183.00 |
189.99 |
+6.99 |
3.82 |
|
AP |
104.77 |
110.00 |
+5.23 |
4.99 |
|
CHEVRON |
94.81 |
99.55 |
+4.74 |
5.00 |
|
OANDO |
88.05 |
92.45 |
+4.40 |
5.00 |
|
7UP |
36.50 |
37.95 |
+1.45 |
3.97 |
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 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 |
|
TOTAL |
176.00 |
172.25 |
-3.75 |
-2.13 |
|
CONOIL |
61.50 |
58.43 |
-3.07 |
-4.99 |
|
BCC |
44.80 |
43.00 |
-1.80 |
-4.02 |
|
CAP |
34.33 |
32.62 |
-1.71 |
-4.98 |
|
OKOMUOIL |
26.51 |
25.19 |
-1.32 |
-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 316.49 million ordinary shares traded to control 57.64 percent of the aggregate volume of shares traded. The Insurance sector, with 106.17 million ordinary shares, traded trailed behind the Insurance sector which represents 19.34 percent of the total volume traded.
Figure 3
Access Bank Plc emerges first as the most patronized stock for the day. Investors traded 58.99 million ordinary shares to controlled 18.64 percent of the aggregate volume traded in the Banking sector and 10.74 percent of the entire market. UBA Plc (44.90 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
ACCESS |
9.05 |
58.99 |
|
UBA |
13.55 |
44.90 |
|
UNIVINSURE |
0.50 |
32.53 |
|
OCEANIC |
7.18 |
32.47 |
|
FIRSTBANK |
22.02 |
24.57 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N3,111.87 million for a 75 percent of the aggregate traded value for the day. The Breweries sector (N172.91 million) followed, representing 4 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that UBA Bank Plc led the highest trading by value at N605.73 million today. The figure controlled 19.47 percent of total traded value in the Banking sector and 14.75 percent of the overall value traded for the whole market. First Bank Plc (N541.01 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
UBA |
13.55 |
605.73 |
|
FIRSTBANK |
22.02 |
541.01 |
|
ACCESS |
9.05 |
527.06 |
|
OCEANIC |
7.18 |
235.33 |
|
ZENITHBANK |
14.32 |
231.97 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N544.45 billion today. This was followed by Nigerian Breweries Plc with N370.79 billion. Zenith bank Plc N359.68 billion, UBA Plc with N291.99 billion and Guaranty Trust Bank Plc N264.60 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 |
544.45 |
29.73 |
8.89 |
|
NB |
370.79 |
20.25 |
6.05 |
|
ZENITHBANK |
359.68 |
19.64 |
5.87 |
|
UBA |
291.99 |
15.94 |
4.77 |
|
GUARANTY |
264.60 |
14.45 |
4.32 |
|
Total |
1,831.51 |
100.00 |
29.90 |
|
Others |
4,294.46 |
|
70.10 |
|
Grand Total |
6,125.97 |
|
100 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
Term of the day
CLUSTER ANALYSIS:
Cluster analysis enables the investor to eliminate any overlap in his or her portfolio by identifying securities with related returns. This approach increases diversification, which provides the investor will a less risky portfolio. Cluster analysis has uncovered certain categories of stocks, such as cyclical and growth stocks.
Nse Anaysis for 29-06-09
by Ope on June 29th, 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 26,249.28 rise from the opening value of 25,813.55
Also the Nigerian Stock Exchange (NSE) capitalization which measures the value of equities closed at N5,986.34 billion indicating a rise of N1.69 billion today.
Market patronage in terms of Volume of shares exchanged by investors rose by 116.33 million ordinary shares or 36.07 percent when compared with the position in the last trading day. In essence, an aggregate of 438.80 million ordinary shares were traded in 8,360 deals today as against a volume of 322.47 million traded in 7,068 deals in the previous transaction.
Turnover by value was on the downswing as it closed at N3.4.0 billion; N0.51 billion or 13.04 percent drop as against N3.91 billion worth of stocks traded last week.
Table 1
Market Statistics
|
|
Today 29/06/2009 |
Previous day 26/06/2009 |
% Change |
|
NSE All-Share Index |
26,249.28 |
25,813.55 |
1.69 |
|
Total Deals |
8,360 |
7,068 |
18.28 |
|
Volume Traded (M) |
438.80 |
322.47 |
36.07 |
|
Value Traded (N’B) |
3.40 |
3.91 |
-13.04 |
|
Turn Over Ratio % |
0.07 |
0.05 |
40.00% Change Point |
|
Mkt. Capt. (N’B) |
5,986.34 |
5,886.96 |
1.69 |
Total Plc lead the top gainers list as the stock added N6.95 or 4.11 percent to its share price to close the market at N176.00 from its opening price of N169.05. African Petroleum Plc came second on the list, having gained N4.98 or 4.99 percent as it opened and closed the day at N99.79 and N104.77 respectively.
Table 2
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% rise |
|
TOTAL |
169.05 |
176.00 |
+6.95 |
4.11 |
|
AP |
99.79 |
104.77 |
+4.98 |
4.99 |
|
GUINNESS |
125.00 |
127.55 |
+2.55 |
2.04 |
|
OANDO |
85.65 |
88.05 |
+2.40 |
2.80 |
|
BCC |
43.00 |
44.80 |
+1.80 |
4.19 |
Figure 1
Top 5 Price Gainers
2
On the losers’ chart, Nestle Plc lead the table for the day as the company share price declined by N6.00 or 3.17 percent to close the market at N183.00 per share, from it opening price of N189.00. Followed on the Chart was Julius Berger Plc that lost N1.31 or 4.46 percent to close the day at N28.03 per share.
Table 3
|
Stock |
Opening Price (N:K) |
Closing Price (N:K) |
Absolute Change (N:K) |
% drop |
|
NESTLE |
189.00 |
183.00 |
-6.00 |
-3.17 |
|
JBERGER |
29.34 |
28.03 |
-1.31 |
-4.46 |
|
NB |
50.00 |
48.70 |
-1.30 |
-2.60 |
|
INTERCONT |
10.07 |
9.57 |
-0.50 |
-4.97 |
|
NAHCO |
9.50 |
9.03 |
-0.47 |
-4.95 |
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 256.56 million ordinary shares traded to control 58.47 percent of the aggregate volume of shares traded. The Insurance sector, with 72.86 million ordinary shares, traded trailed behind the Insurance sector which represents 16.60 percent of the total volume traded.
Figure 3
Zenith Bank Plc emerges first as the most patronized stock for the day. Investors traded 70.55 million ordinary shares to controlled 27.50 percent of the aggregate volume traded in the Banking sector and 16.07 percent of the entire market. Big Treat Plc (21.71 million ordinary shares) emerged second position on the list.
Table 4
5 Most Traded Stocks by Volume
|
Stock |
Price (N: K) |
Volume (M) |
|
ZENITHBANNK |
13.64 |
70.55 |
|
BIGTREAT |
2.40 |
21.71 |
|
SPRINGBANK |
5.59 |
21.50 |
|
PLATINUM |
6.10 |
19.91 |
|
UBN |
17.07 |
19.75 |
Figure 4
5 Most traded Stocks by Volume
The Banking sector was the most active in value traded as the stocks worth N2,502.78 million for a 73 percent of the aggregate traded value for the day. The Food/Beverages & Tobacco sector (N168.11 million) followed, representing 5.00 percent of the overall value traded.
Figure5
Analysis on individual company basis showed that Zenith Bank Plc led the highest trading by value at N929.50 million today. The figure controlled 37.14 percent of total traded value in the Banking sector and 27.30 percent of the overall value traded for the whole market. Union Bank Plc (N336.29 million) was the second highest.
Table 5
5 Most Traded Stocks by Value
|
Stock |
Price (N:K) |
Value (N’M) |
|
ZENITHBANK |
13.64 |
929.50 |
|
UBN |
17.07 |
336.29 |
|
GUARANTY |
13.35 |
177.38 |
|
FIRSTBANK |
20.98 |
168.81 |
|
ETI |
13.80 |
144.12 |
Figure 6
5 Most Traded Stocks by Value
Market Capitalization:
First Bank of Nigeria Plc is the highest capitalized stock at N518.74 billion today. This was followed by Nigerian Breweries Plc with N368.30 billion. Zenith bank Plc N342.60 billion, UBA Plc with N278.20 billion and Guaranty Trust Bank Plc N252.13 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 |
518.74 |
29.47 |
8.81 |
|
NB |
368.30 |
20.93 |
6.26 |
|
ZENITHBANK |
342.60 |
19.47 |
5.82 |
|
UBA |
278.20 |
15.81 |
4.73 |
|
GUARANTY |
252.13 |
14.33 |
4.28 |
|
Total |
1,759.97 |
100.00 |
29.90 |
|
Others |
4,126.99 |
|
70.10 |
|
Grand Total |
5,986.34 |
|
100 |
Figure 7
5 Most Capitalized Stocks
Monetary Policy Rate: 8.00 %
Business News
Term of the day
Green Investing
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. Pure play green investments are those that derive all or most of their revenues and profits from green activities. Green investments can also be made in companies that have other lines of business but are focusing on green-based initiatives or product lines.
Green investing can be accomplished through individual securities or through pooled investment vehicles such as mutual funds or exchange-traded funds. This style of investing is an offshoot of socially conscious investing, but neither type of investing implies investments that are safer than a market index such as the S&P 500. In fact, investing in "green" companies can be riskier than other equity strategies, as many companies in this arena are in the development stage, with low revenues and high earnings valuations.