STOCK MARKET REPORT FOR DECEMBER 12 TH, 2014 EQUITIES A turnover of 1.810 billion shares worth N28.918 billion in 20,677 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 1.526 billion shares valued at N24.992 billion that exchanged hands last week in 21,344 deals. The Financial Services Industry (measured by volume) led the activity chart with 1.370 billion shares valued at N13.783 billion traded in 11,742 deals; thus contributing 75.69% and 47.66% to the total equity turnover volume and value respectively. The Consumer goods Industry followed with a turnover of 137.115 million shares worth N9.368 million in 3,583 deals. The third place was occupied by the Conglomerates Industry with 93.133 million shares worth N567.167 million in 1,256 deals. Trading in the Top Three Equities namely- Guaranty Trust Bank Plc, FBN Holdings Plc and Diamond Bank Plc (measured by volume) accounted for 624.388 million shares worth N9.188 billion in 5,090 deals, contributing 34.50% and 31.77% to the total equity turnover volume and value respectively. Equity Turnover- Last 5 days Date Deals Turnover Volume Turnover Value (N) Traded Advanced Declined Unchanged 08-Dec-14 4,027 314,108,440 4,374,065,103.23 105 10 36 59 09-Dec-14 4,482 354,204,602 7,588,218,934.05 117 7 40 70 10-Dec-14 4,230 376,202,646 6,662,605,838.37 112 13 34 65 11-Dec-14 4,258 374,705,186 5,614,739,361.25 97 10 44 43 12-Dec-14 3,680 390,609,288 4,678,655,470.43 101 11 36 54 Distribution of Quantity Traded FINANCIAL SERVICES CONSUMER GOODS CONGLOMERATES OTHERS 7% 5% 12% 76% For Further Inquiries Contact: Market Operations Department Page 1
ETPs Also traded during the week were a total of 1,299 units of Exchange Traded Products (ETPs) valued at N452,196.95 executed in 21 deals compared with a total of 10,886 units valued at N1.652 million transacted last week in 24 deals. (See summary in the table below). S/N Security Deals Volume Value 1 VETGRIF30 8 1,055 15,485.60 2 NEWGOLD 8 204 436,310.00 3 LOTUSHAL15 5 40 401.35 21 1,299 452,196.95 RETAIL BONDS Similarly, a total of 800 units of FGN bonds valued at N825,011.67 were executed in 1 deal compared with a total of 9,250 units valued at N10.345 million transacted last week in 4 deals. S/N Security Deals Volume Value 1 FG102016S1 1 800 825,011.67 INDEX MOVEMENT 1 800 825,011.67 The NSE All-Share Index and Market Capitalization depreciated by 7.42% to close on Friday at 30,763.38 and N10.156 trillion respectively. Similarly, all the indices drifted lower during the week with exception of the NSE ASeM Index that rose by 2.05%. (See summary of Index movements in the table below). WEEK OPENING WEEK CLOSE WEEKLY CHANGE WtD MtD QtD YtD % Change The NSE All-Share Index (ASI) 33,228.29 30,763.38-2,464.91-7.42-10.94-25.35-25.57 NSE 30 Index 1,516.67 1,397.45-119.22-7.86-11.32-25.76-26.73 NSE Banking Index 349.18 323.95-25.23-7.23-11.52-23.80-27.66 NSE Insurance Index 156.30 141.23-15.07-9.64-4.39-5.34-7.61 NSE Consumer Goods Index 876.83 788.45-88.38-10.08-12.36-23.63-28.34 NSE Oil/Gas Index 410.47 378.80-31.67-7.72-9.13-17.80 11.45 NSE Lotus II 2,078.96 1,987.85-91.11-4.38-7.55-27.07-30.57 NSE Industrial Goods Index 1,960.18 1,854.92-105.26-5.37-8.21-32.22-27.16 NSE ASeM Index 1,036.13 1,057.36 21.23 2.05 2.05 11.17 9.88 For Further Inquiries Contact: Market Operations Department Page 2
The NSE All-share and NSE-30 Indices Week Ended December 12, 2014 33,500.00 33,000.00 32,500.00 32,000.00 31,500.00 31,000.00 30,500.00 30,000.00 29,500.00 1,540.00 1,520.00 1,500.00 1,480.00 1,460.00 1,440.00 1,420.00 1,400.00 1,380.00 1,360.00 1,340.00 1,320.00 ASI NSE-30 NSE-30 SUMMARY OF PRICE CHANGES Ten (10) equities appreciated in price during the week lower than twenty-six (26) equities of the preceding week. Sixty-eight (68) equities depreciated in price higher than forty-nine (49) equities of the preceding week, while one hundred and nineteen (119) equities remained unchanged lower than one hundred and twenty-two (122) recorded in the preceding week. Top 10 Price Gainers Company Open Close Gain (N) % Change E-TRANZACT INTERNATIONAL PLC 2.21 2.55 0.34 15.38 AIRLINE SERVICES AND LOGISTICS PLC 1.65 1.81 0.16 9.70 WEMA BANK PLC 0.95 1.00 0.05 5.26 ACADEMY PRESS PLC 1.08 1.13 0.05 4.63 OMOLUABI SAVINGS AND LOANS PLC 0.67 0.70 0.03 4.48 BETA GLASS COMPANY (NIG.) PLC 23.15 24.00 0.85 3.67 ETERNA PLC 3.00 3.11 0.11 3.67 ECOBANK TRANSNATIONAL INCORPORATED 17.60 18.21 0.61 3.47 7-UP BOTTLING COMPANY PLC 152.70 153.85 1.15 0.75 CAP PLC 36.10 36.22 0.12 0.33 Top 10 Price Decliners: For Further Inquiries Contact: Market Operations Department Page 3
Company Open Close Loss (N) % Change TRANSNATIONAL CORPORATION OF NIG PLC 3.99 3.05-0.94-23.56 CHAMPION BREWERIES PLC 8.93 6.93-2.00-22.40 MANSARD INSURANCE PLC 3.72 2.90-0.82-22.04 GUINNESS NIGERIA PLC 149.06 122.61-26.45-17.74 CEMENT COMPANY OF NORTHERN NIGERIA PLC 10.90 9.27-1.63-14.95 NIGERIAN BREWERIES PLC 170.99 145.59-25.40-14.85 SEPLAT PETROLEUM DEVELOPMENT COMPANY LTD 380.00 324.83-55.17-14.52 UNITED BANK FOR AFRICA PLC 4.76 4.08-0.68-14.29 UNION BANK OF NIGERIA PLC 8.85 7.60-1.25-14.12 DANGOTE FLOUR MILLS PLC 5.63 4.84-0.79-14.03 CORPORATE ACTION The below security was adjusted for dividend during the week as announced by their board of directors: COMPANY ENAMELWARE NIGERIA PLC CLOSURE DATE DIVIDEND BONUS PAYMENT DATE AGM DATE EX- DIV/SCRIP PRICE 08/12/2014 N0.45 NIL 19/12/2014 N/A N31.82 FINANCIAL NEWS UNAUDITED ACCOUNT ELLAH LAKES NIGERIA PLC:UNAUDITED FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED OCTOBER 31, 2014- Turnover 2014 N12,944,680 2013 N15,388,750 Profit/Loss After Tax 2014 (N4,079,496) 2013 (N2,538,492). Please visit http://www.nse.com.ng/issuers-section/corporate-disclosures/company-results for full details of Financial News. OTHER MARKET NEWS LAFARGE AFRICA PLC: Notification of Mandatory Tender Offer on AshakaCem Plc- Further to our market bulletin of 3 December 2014 with respect to the Mandatory Tender Offer (MTO) by Lafarge Africa Plc to holders of ordinary shares of AshakaCem Plc, please be notified that Lafarge Africa is launching a Tender offer to acquire up to 927,008,865 ordinary shares in AshakaCem Plc (representing 41.39% of the issued and paid up capital of AshakaCem Plc) not currently held by the Company. It will be recalled that Lafarge Africa Plc after acquiring 58.61% shareholding in AshakaCem Plc triggered an MTO in accordance with Section 131 of the Investments and Securities Act (No 29 of 2007) and Rule 445 of the Securities & Exchange Commission s Rules and Regulations, which requires that a For Further Inquiries Contact: Market Operations Department Page 4
Mandatory Tender Offer be made to all other shareholders of a public company by any party that acquires 30% or more of the shares in that company. The MTO is expected to commence on Wednesday, 10 December 2014 and close at 5.00 p.m. 16 January 2015. Shareholders whose names appear on the register of members of AshakaCem Plc as at the close of business, 9 December 2014 will qualify for the MTO. Qualifying Shareholders, who accept the Offer, will receive 57 ordinary shares in Lafarge Africa Plc for every 202 ordinary shares in AshakaCem Plc, so tendered. An additional cash payment of N2.00 (Two Naira), net of any applicable tax, per ordinary share taken up by Lafarge Africa during the Acceptance Period will be made to accepting shareholders. ECOBANK TRANSNATIONAL INCORPORATED:Ecobank Transnational Incorporated receives USD 200,000,000 Senior Unsecured Loan Facility- Ecobank Transnational Incorporated, ETI, the Lome-based parent company of the Ecobank Group, announced the receipt of a one-year, senior unsecured loan facility of USD 200,000,000 from Deutsche Bank AG. On the 17 th November 2014, Ecobank appointed Deutsche Bank to be the Initial Mandated Lead Arranger, Bookrunner and Facility Agent to arrange this financing. On Tuesday 9 th December 2014, Deutsche Bank AG successfully closed primary syndication with an oversubscribed order book of USD 230,000,000. The final size of the facility was maintained at USD 200,000,000. This transaction reflects Deutsche Bank s strong distribution platform and rapid execution capabilities in challenging market conditions. The facility will be used for general corporate purposes. NPF MICROFINANCE BANK PLC: Appointment of Acting Chairman- NPF Microfinance Bank Plc notified The Nigerian Stock Exchange of the retirement of Mrs. F.O. Adebanjo as the Chairman of the Bank in accordance with the provisions of the Bank s Articles of Association having served for nine (9) years. Following her retirement, Mr. Usman Isa Baba has been appointed by the Board of Directors to fill the vacuum in acting capacity pending the appointment of a substantive Chairman.The resignation of Mrs. Adebanjo and the appointment of Mr. Baba was approved by the Bank s Board at its meeting held on 7 th December 2014. BERGER PAINTS NIGERIA PLC: Appointment of Director-Berger Paints Nigeria Plc notified The Nigerian Stock Exchange of the appointment of Mr. Sanjay Datwani as director of the company. Born on February 6, 1973, Mr. Sanjay Datwani had his early education at University College School, Hampstead, London (1983 1989) and obtained his BA in Business Administration at Boston University, Boston Massachusetts USA (1989 1993). Mr. Datwani started his career at Goodmann Mann Associates Piccadilly, London as Intern Property Managing Agents (January 1993 January 1994). From January 1994 - present he has been the Managing Director, Clayton Finance Limited. Mr. Datwani s property investments include: Hilton Double Tree Hotel 200 rooms, Bath Road, Heathrow Airport For Further Inquiries Contact: Market Operations Department Page 5
Portfolio of 30 Booker Plc food stores sale and leaseback Residential developments Birmingham 54 apartments and 10 Houses Student accommodation schemes Birmingham and Dundee Scotland Marriot Hotel 143 rooms, Cheshunt, Hertfordshire Distribution warehouse let to Dreams Plc, Midlands Mixed retail scheme, Tottenham Ct Road, Central London Mr. Datwani is currently a volunteer at Sadhu Vaswani Centre (charitable religious organization) in London. For Further Inquiries Contact: Market Operations Department Page 6