NSE adjusts two firms’ equities, six firms submitted fourth quarter Accounts

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The Nigerian Stock Exchange (NSE) has adjusted the prices for two companies in order to adjust their dividends and bonus issues as recommended by their board of directors at the closing of trading over the weekend.The two companies include Seplat Petroleum Development Company Plc which was adjusted for dividend of N15.32 per share with N596.90 price per share resulting to a change of N581.60 per share while Stanbic IBTC Holdings also adjusted for a final dividend of N1.50 per share with N47.00 per price, accounting for N45.50 per share change.

In a related development, six companies (Cadbury Nigeria Plc, Nascon Allied Industries Plc, and Champion Brew. Plc, Continental Reinsurance Plc, Julius Berger Nig. Plc and Secure Electronic Technology Plc) have submitted their fourth quarters audited accounts to the NSE based on the recommendation of the board of directors.

In another development, at the close of the trading at the NSE last week, a total turnover of 1.198 billion shares worth N12.273 billion in 18,293 deals in contrast to a total of 1.113 billion shares valued at N13.465 billion that exchanged hands last week in 15,036 deals.

In same Vein: the Financial Services Industry by volume accounted for 1.014 billion shares valued at N9.693 billion traded in 12,165 deals; thus contributing 84.63% and 78.98% to the total equity turnover volume and value respectively. The Consumer Goods Industry followed with 58.049 million shares worth N1.398 billion in 2,689 deals. The third place was Conglomorates Industry with a turnover of 46.272 million shares worth N103.316 million in 626 deals.

Still with Stock market reports at close of the trading, the NSE reported top three equities; Access Bank Plc, Zenith Bank Plc and United Bank for Africa Plc in volume accounted for 651.600 million shares worth N6.294 billion in 6,505 deals, contributing 54.39% and 51.28% to the total equity turnover volume and value respectively.

Also traded during the week were a total of 7,165 units of Exchange Traded Products (ETPs) valued at N1.933 million executed in 2 deals compared with a total of 10,598 units valued at N1.355 million that was transacted last week in 5 deals.

A total of 2,224 units of Federal Government Bonds valued at N2.324 million were traded this week in 18 deals compared with a total of 201 units valued at N205,083.12 transacted last week in 2 deals.

The NSE All-Share Index and Market Capitalization depreciated by 0.01% to close the week at 31,139.35 and N11.612 trillion respectively. Similarly, all other indices finished lower with the exception of the NSE CG, NSE Premium, NSE ASeM, NSE Banking, NSE-AFR Bank Value, NSE AFR Div Yield, NSE Industrial Goods and NSE Pension indices which appreciated by 0.66%, 0.27%, 0.55%, 3.82%, 4.76%, 2.97%, 2.42% and 0.71% respectively.

Thirty-two (32) equities appreciated in price during the week, higher than eighteen (18) in the previous week. Thirty-eight (38) equities depreciated in price, lower than forty-five (45) equities of the previous week, while ninety-eight (98) equities remained unchanged lower than one hundred and five (105) equities recorded in the preceding week.

At the end of the last day of trading on NSE, I reiterated a total of 231,234,982 shares in 3,256 deals, corresponding to a market value of NGN 2,616,820,757.94, were traded. 115 equities participated in trading, ending with 22 gainers and 21 losers. PRESTIGE led the gainers with 10% share price appreciation, followed by MEYER (+9.26%), INTBREW (+8.11%) and WAPIC (+7.69%). On the losing side, CADBURY came out last with an end-of-day price depreciation of 10%, followed by UPL (-9.76%), UAC-PROP (-8.6%) and REGALINS (-7.69%). ACCESS recorded the highest volume of 98.9 million traded shares, followed by ZENITHBANK (21.05m), GUARANTY (15.85m) and STERLNBANK (11.1m). Regarding the performance of NSE market indices, the benchmark NSE All-Share Index (NSE-ASI) moved up 254.04 (0.82%) points to close at 31,139.35, representing a 1-week loss of 0.01%, a 4-week loss of 4.23%, and an overall year-to-date loss of 0.93%. Other remarkable indices that performed were the NSE Premium Index (+0.63%; +0.27% 1WK; +0.24% YTD), NSE ASeM Index (-0.04%; +0.55% 1WK; +1.69% YTD), NSE Industrial (+1.72%; +2.42% 1WK; +2.64% YTD), NSE Insurance (+1.46%; -1.09% 1WK; +1.6% YTD), and NSE Banking (+1.37%; +3.82% 1WK; +4.22% YTD).



The Caption Photo: Oscar Onyema (NSE )and Augustine Avuru (SEPLAT)

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