Stock Market
2013 Q3 Report
Market Turnover
Month |
Deals ('000) |
Volume Traded (Billion) |
Value (Billion N) |
July |
125 |
10.4 |
75 |
August |
103 |
6.1 |
68 |
September |
93 |
5.1 |
51 |
Total |
321 |
21.60 |
194 |
|
|
A turnover of 21.51 billion shares worth N193.96 billion in 321 thousand deals was recorded during the quarter in contrast to the turnover of 26.5 billion shares worth N336.6 billion exchange in 380 thousand deals that was recorded during the preceding quarter indicating the declining rate of the market so far. |
Month |
MARKET CAP. |
% CHANGE |
INDEX |
% CHANGE |
July |
11347760859291.3 - 12007166156655.2 |
5.81 %
|
35832.16 - 37914.33 |
5.81 %
|
August |
12126794174556.6 - 11496607675640.6 |
-5.20 %
|
38292.07 - 36248.53 |
-5.34 %
|
September |
11524715190916.1 - 11652874043061.8 |
1.11 %
|
36337.15 - 36585.08 |
0.68 %
|
|
|
During the quarter under review, the market capitalisation opened at 11.35 trillion and 35,832.16 index. Market capitalization and index increased by 5.81% in July, it then depreciated in August by 5.34% and later increased again in September by 0.68% at 11.65 trillion capitalisation and 36,585.08 index. In summary the All-Share Index appreciated by 2.69% between July and ending of September, ending the quarter on a bullish note. |
New Listing/Listed Companies/Delisted Companies
Corporate Actions
Below is the list of the companies that declared final dividend, Interim and bonus during the quarter;
|
Company |
Dividend Paid |
Bonus |
1 |
7 UP |
₦ 2.20 |
NIL |
2 |
ABC TRANSPORT PLC |
₦ 0.13 |
NIL |
3 |
ALUMINIUM EXTRUSION INDUSTRIES PLC |
₦ 0.25 |
NIL |
4 |
CHELLARAMS |
₦ 0.50 |
NIL |
5 |
CONSOLIDATED HALLMARK |
₦ 0.30 |
NIL |
6 |
COURTEVILLE BUSINESS SOLUTIONS |
₦ 0.50 |
NIL |
7 |
FLOURMILLS |
₦ 2.00 |
NIL |
8 |
HONEYWELL FLOUR MILLS |
₦ 0.16 |
NIL |
9 |
HMARKINS |
₦ 0.03 |
NIL |
10 |
INTERNATIONAL BREWERIES PLC |
₦ 0.25 |
1 FOR 85 |
11 |
MRS OIL NIGERIA PLC |
₦ 0.23 |
NIL |
12 |
NORTHERN NIGERIA FLOUR MILLS |
₦ 0.40 |
NIL |
13 |
OANDO PLC |
₦ 0.75 |
NIL |
14 |
PRESCO PLC |
₦ 1.00 |
NIL |
15 |
SMART PRODUCTS NIGERIA |
₦ 0.25 |
NIL |
16 |
TRANS-NATIONWIDE EXPRESS PLC |
₦ 0.50 |
NIL |
17 |
STANBIC IBTC HOLDINGS PLC (INTERIM) |
₦ 0.70 |
NIL |
18 |
CAP (INTERIM) |
₦ 0.70 |
NIL |
19 |
|
₦ 0.70 |
|
20 |
|
₦ 0.70 |
|
A total of sixteen (16) companies declared final dividend, 2 declared interim dividend and only 1 declared bonus during the quarter.
Sectoral Performance
The Financial sector was the most active during the period (measured by turnover volume) with 12.36 billion shares worth N103 billion exchanged by investors in 173,693 deals. The Conglomerate sector followed with 5.12 billion shares valued at N9.67 billion in 13,786 deals. Others follow as shown in the table below.
|
Sector |
Deals |
Volume |
Value |
1 |
FINANCIAL |
173,693 |
12,357,987,428 |
103,172,536,489.04 |
2 |
CONGLOMERATE |
13,786 |
5,117,251,462 |
9,672,971,619.16 |
3 |
CONSUMERGOODS |
57,833 |
868,571,273 |
42,156,975,646.63 |
4 |
ICT |
2,033 |
701,661,346 |
1,309,620,767.96 |
5 |
OIL AND GAS |
27,214 |
636,812,356 |
6,382,207,330.94 |
6 |
SERVICES |
10,230 |
507,423,392 |
1,164,450,240.94 |
7 |
INDUSTRIAL GOODS |
15,783 |
399,978,808 |
20,755,476,495.38 |
8 |
HEALTHCARE |
7,210 |
321,429,556 |
3,306,256,323.66 |
9 |
NATURALRESOURCES |
375 |
235,430,754 |
2,174,897,838.46 |
10 |
CONSTRUCTION |
4,416 |
194,542,136 |
2,174,897,838.46 |
11 |
AGRICULTURE |
7,985 |
167,511,589 |
2,174,897,838.46 |
12 |
|
7,985 |
167,511,589 |
3,727,130,446.60 |
57% of the total market turnover was accounted for by the FINANCIAL sector, followed by the CONGLOMERATE sector 24%, CONSUMER GOODS 4% respectively. The remaining 15% was accounted for by OTHER SECTORS as shown in the figure below:
|
|
20 Most Capitalized Companies
|
Company |
Quality on Issue (Billion) |
Market Capitalization (Billion) |
1 |
DANGCEM |
17.04 |
3,237.70 |
2 |
NB |
7.56 |
1,270.53 |
3 |
NESTLE |
0.79 |
791.47 |
4 |
GUARANTY |
29.43 |
747.55 |
5 |
ZENITHBANK |
31.40 |
627.93 |
6 |
FIRSTBANK |
32.63 |
551.48 |
7 |
GUINNESS |
1.51 |
401.62 |
8 |
WAPCO |
3.00 |
297.16 |
9 |
UBA |
32.98 |
250.36 |
10 |
ACCESS |
22.88 |
240.27 |
11 |
UNILEVER |
3.78 |
229.31 |
12 |
ETI |
15.95 |
217.12 |
13 |
FLOURMILL |
2.39 |
198.01 |
14 |
STANBIC |
10.00 |
192.00 |
15 |
UBN |
16.94 |
172.75 |
16 |
PZ |
3.97 |
150.88 |
17 |
CADBURY |
3.13 |
144.16 |
18 |
DANGSUGAR |
12.00 |
132.00 |
19 |
UACN |
1.92 |
117.36 |
20 |
JBERGER |
1.20 |
92.39 |
Stock(s) to Watch
Below is our recommendation on some stocks:
Buy Recommendation
JULIUS BERGER
• Has a good dividend history
• Has declared a dividend of N250k
• Current price (N76.99) is good for entry
Recommendation: Buy
ZENITH BANK
• A good stock with steady growth
• One of the leading stock in the Financial sector
• Has declared a dividend of N160k
• Current price (N20.00) is good for entry
• Has a good quarterly report
Recommendation: Buy
FIRST BANK PLC
• A good stock with steady growth
• One of the leading stocks in the Financial sector
• Has declared a dividend of N100k
• Current price (N16.40) is good for entry
• Has a good quarterly report
Recommendation: Buy
Hold or Buy Recommendation
WAPCO
• Has a good performance history
• Current price (N99.00) is good for entry
Recommendation: Hold/Buy
FLOURMILLS
• Has a good price history
• Currently the 14th most capitalised stock
• Has a good dividend/ bonus history
• Current price (N83.00) is good for entry
Recommendation: Hold/Buy
TRANSCORP
• Current price (N1.61) is good for entry and investors are advised invest more in the stock
• It is a good stock for long term investment
• Has just changed its management and this is expected the have a positive impact on the stock
• Apart from the Hospitality business (Hotel), they are also involved in Oil and Gas business and will soon be involved in Power distribution (PHCN)
• A leading stock in the Conglomerate sector
Recommendation: Buy/Hold
NIGERIAN BREWERIES
• Second most capitalised company
• Has a good bonus/dividend history
• They have declared a dividend of N300k
• Has a steady growth
• Current price (N165) is good for entry
Recommendation: Buy/ Hold
GTBANK PLC
• A good stock with steady growth
• Has a good quarterly report
• One of the leading stocks in the financial sector
• Declares dividend every twice a year
• Has declared a dividend of N130k and an interim dividend of N0.25k
• Current price (N25.1) is good for entry
Recommendation: Hold/Buy