Stock Market
2014 Q1 Report


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

  1. 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

  1. • 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
  2. • 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)

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