Market Turnover

Month	Deals ('000)	Volume Traded (Billion)	Value (Billion N)
January	121	8.2	91
February	105	12.3	99
March	88	7.2	80
Total	314	27.71	270

A turnover of 27.71 billion shares worth 270.24 billion in 314 thousand deals was recorded during the quarter.

Month	MARKET CAP.	% CHANGE	INDEX	% CHANGE
January	13194018713715.5 - 13005471532105	-1.43 %	41228.49 - 40571.62	-1.59 %
February	13260250516082.6 - 12706756641282.8	-4.17 %	41366.42 - 39558.89	-4.37 %
March	12708535377379.8 - 12446293564459.5	-2.06 %	39564.43 - 38748.01	-2.06 %

The market capitalisation opened at 13.2 trillion and 41,228.49 index. Market capitalization and index decreased by 1.43% in January, it then dropped further in February and further in March by 2.06% ending the quarter on a bearish note and closed at 12.45 trillion capitalisation and 38,748.01 index indicating that the market depreciated by 5.67% between January and ending of March.

New Listing/Listed Companies/Delisted Companies

New Listing

La Casera Company Plc (Corporate Bond) N3,000,000,000 15,75% Series 1 Senior Unsecured Fixed Rate Amortising Bonds under a N15 Billion Debt Issuance Programme was admitted to trade at the Exchange on January 23rd 2014.

Full Suspension

• Full Suspension was placed on Cadbury Nigeria Plc.’s shares on 8th of January, 2014 due to the Capital Reduction Exercise embarked by the company
• Full Suspension was placed on the shares of IHS Nigeria Plc in preparation for its final delisting from the daily official list of the Exchange on 27th February, 2014

Supplementry Listing

The table below shows the companies which added to their respective outstanding shares on the floor of the Exchange either as supplementary or new issues.

Company	Volume	Type of Issue
AFRIPRUD	1,000,000,000	RIGHT ISSUE
STERLNBANK	5,888,949,162	RIGHT ISSUE
UBCAP	2,000,000,000	RIGHT ISSUE
NEIMETH	261,591,888	BONUS
OANDO	2,046,706,324	PLACING MADE BY ISSUER
VETIVA GRIFFIN 30 ETF SECURITIES	159,400,000

Corporate Actions

The following companies declared dividend/ bonus during the quarter;

	Company	Dividend Paid	Bonus
1	ABCTRAN	₦ 0.06	I:10
2	Africa Prudential Registrars	₦ 0.35	NIL
3	AIR SERVICE	₦ 0.12	NIL
4	ASHAKACEM	₦ 0.42	NIL
5	Berger Paints	₦ 0.70	NIL
6	CADBURY	₦ 1.30	NIL
7	CAP	₦ 1.00	NIL
8	CCNN	₦ 0.70	NIL
9	COMPUTE WARE HOUSE	₦ 0.08	NIL
10	COURTVILLE	₦ 0.02	NIL
11	CUSTODIAN	₦ 0.11	NIL
12	DANGCEM	₦ 7.00	NIL
13	DIAMONDBANK	₦ 0.30	NIL
14	FCMB	₦ 0.30	NIL
15	FIDELITY	₦ 0.14	NIL
16	Forte Oil	₦ 4.00	NIL
17	GSK Nigeria	₦ 1.30	NIL
18	GTBank	₦ 1.45	NIL
19	JULIUS BERGER	₦ 2.70	NIL
20	Lafarge Cement Wapco	₦ 3.30	NIL
21	LEARN AFRICA	₦ 0.12	NIL
22	MANSARD	₦ 0.04	NIL
23	Mcnichols Consolidated	₦ 0.03	NIL
24	MOBIL	₦ 6.00	NIL
25	MRS	₦ 74.94	NIL
26	Nem Insurance Plc	₦ 0.06	NIL
27	Nestle Nigeria	₦ 24.00	NIL
28	Niger Insurance	₦ 0.03	NIL
29	Nigerian Breweries	₦ 4.50	NIL
30	NPF MICRO	₦ 10.00	NIL
31	Okomuoil	₦ 1.00	NIL
32	PZ Cussons (Special Dividend)	₦ 1.30	NIL
33	TOTAL	₦ 9.00	NIL
34	TransCorp Plc	₦ 0.05	NIL
35	UACN	₦ 1.75	NIL
36	UAC PROP	₦ 0.75	I:4
37	UBA	₦ 0.50	NIL
38	UNILEVER	₦ 1.25	NIL
39	Vitafoam Plc	₦ 0.30	NIL
40	Zenith Bank	₦ 1.75	Nil

A total of nine (47) companies declared dividend and only two companies (ABCTRAN and UAC PROP) declared bonus during the quarter.

Sectoral Performance

The Financial sector was the most active during the period (measured by turnover volume) with 5.9 billion shares worth N44.79 billion exchange by investors in 60,803 deals. The Conglomerate sector followed with 406 million shares valued at N1.14billion in 3,721 deals. Others follow as shown in the table below.

	Sector	Deals	Volume	Value
1	FINANCIAL	172,343	21,846,823,182	143,698,691,586.47
2	CONGLOMERATE	19,230	1,687,169,782	9,208,572,534.01
3	CONSUMERGOODS	47,690	1,436,378,754	70,361,294,697.04
4	OIL AND GAS	33,787	1,110,164,815	18,137,089,012.27
5	SERVICES	7,655	534,305,391	716,979,414.66
6	ICT	1,783	281,384,064	463,245,621.91
7	INDUSTRIAL GOODS	14,707	279,622,171	23,365,036,869.50
8	HEALTHCARE	5,505	196,922,511	1,030,670,716.90
9	CONSTRUCTION	4,370	145,532,106	996,068,410.57
10	AGRICULTURE	5,840	113,697,806	2,176,385,372.63
11	NATURALRESOURCES	127	41,299,503	23,418,228.55

20 Most Capitalized Companies

	Company	Quality on Issue (Billion)	Market Capitalization (Billion)