Weekly Market Report for the Week Ended 11-07-2014

WEEKLY REPORT
STOCK MARKET REPORT FOR JULY 11, 2014
EQUITIES
A turnover of 1.832 billion shares worth N19.394 billion in 26,521 deals were traded this week by
investors on the floor of The Exchange in contrast to a total of 2.272 billion shares valued at N28.624
billion that exchanged hands last week in 26,730 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.313 billion shares
valued at N9.533 billion traded in 12,356 deals; thus contributing 71.70% and 49.16% to the total equity
turnover volume and value respectively. The Conglomerates Industry followed with a turnover of
241.568 million shares worth N1.459 billion in 2,788 deals. The third place was occupied by the Oil and
Gas Industry with 118.216 million shares worth N2.772 billion in 4,684 deals.
Trading in The Top Three Equities Namely- FBN Holdings Plc, Transnational Corporation of Nigeria Plc
and Fidelity Bank Plc (measured by volume) accounted for 662.811 million shares worth N6.011 billion
in 5,125 deals, contributing 36.18% and 30.99% to the total equity turnover volume and value
respectively.
Equity Turnover- Last 5 Days
Date
Deals
Turnover
Volume
Turnover Value
(N)
Traded
Stocks
Advanced
Stocks
Declined
Stocks
Unchanged
Stocks
07-Jul-14
5,215
460,229,850
4,509,326,656.54
132
23
30
79
08-Jul-14
5,363
523,328,904
5,129,645,266.31
117
27
32
58
09-Jul-14
5,153
209,763,256
2,284,962,429.74
122
29
18
75
10-Jul-14
5,568
310,014,925
3,614,064,973.97
124
28
20
76
11-Jul-14
5,222
328,421,273
3,855,454,115.47
122
24
31
67
For Further Inquiries Contact: Market Operations Department
Page 1
WEEKLY REPORT
ETPs
Also traded during the week were a total of 836,683 units of Exchange Traded Products (ETPs) valued
at N18.094 million executed in 21 deals compared with a total of 223,359 units valued at N4.452 million
transacted last week in 19 deals. (See summary in the table below).
S/N
1
2
Security
VETGRIF30
NEWGOLD
TOTAL
Deals
17
4
21
Volume
835,828
855
836,683
Value
16,310,399.52
1,783,329.00
18,093,728.52
RETAIL BONDS
Similarly, 10,600 units of FGN bonds valued at N13,644 million were traded this week in 2 deals
compared with a total of 730 units of FGN bonds valued at N863, 405.77 transacted last week in 1 deal.
S/N
1
Security
FG9B2022S1
TOTAL
Deals
2
2
Volume
10,600
10,600
Value
13,643,731.33
13,643,731.33
INDEX MOVEMENT
The NSE All-Share Index and Market Capitalization both depreciated by 0.46% to close lower on Friday
at 42,832.82 and N14.143 trillion respectively.
Similarly, three of NSE sector indices depreciated during the week with the exception of five which
appreciated. (See summary of Index movements in the table below).
INDEX TITLE
WEEK
OPENING
WEEK
CLOSE
WEEKLY
CHANGE
WtD
MtD
QtD
YtD
% Change
The NSE All-Share Index (ASI)
43,031.81
42,832.82
-198.99
-0.46
0.82
0.82
3.64
NSE 30 Index
1,945.15
1,945.69
0.54
0.03
0.72
0.72
2.02
NSE Banking Index
437.35
438.08
0.73
0.17
1.20
1.20
-2.18
NSE Insurance Index
149.01
148.19
-0.82
-0.55
0.93
0.93
-3.06
NSE Consumer Goods Index
1,046.03
1,053.69
7.66
0.73
-0.43
-0.43
-4.23
NSE Oil/Gas Index
454.93
477.63
22.70
4.99
2.01
2.01
40.53
NSE Lotus II
2,857.30
2,836.03
-21.27
-0.74
-1.34
-1.34
-0.95
NSE Industrial Goods Index
2,724.03
2,705.31
-18.72
-0.69
1.45
1.45
6.23
NSE ASeM Index
945.65
948.56
2.91
0.31
-0.25
-0.25
-1.43
For Further Inquiries Contact: Market Operations Department
Page 2
WEEKLY REPORT
SUMMARY OF PRICE CHANGES
Forty (40) equities appreciated in prices during the week lower than Forty-three (43) equities of the
preceding week. Thirty-seven (37) equities depreciated in prices higher than Thirty-five (35) equities of
the preceding week, while one hundred and twenty three (123) equities remained unchanged higher
than one hundred and twenty two (122) equities recorded in the preceding week.
Top 10 Price Gainers:
Company
FORTE OIL PLC
NPF MICRO FINANCE BANK PLC
ASHAKA CEMENT PLC
TRANSNATIONAL CORPORATION OF NIG PLC
DN MEYER PLC
NIGER INSURANCE CO. PLC.
ROYAL EXCHANGE ASSURANCE PLC
LEARN AFRICA PLC
VITAFOAM NIGERIA PLC
R. T. BRICOE (NIG.) PLC
Open
200.08
0.84
29.00
5.24
1.16
0.50
0.50
1.55
4.10
1.07
For Further Inquiries Contact: Market Operations Department
Close Gain (N)
234.06
33.98
0.98
0.14
32.55
3.55
5.80
0.56
1.26
0.10
0.54
0.04
0.54
0.04
1.66
0.11
4.38
0.28
1.14
0.07
% Change
16.98
16.67
12.24
10.69
8.62
8.00
8.00
7.10
6.83
6.54
Page 3
WEEKLY REPORT
Top 10 Price Decliners:
Company
AIRLINE SERVICES AND LOGISTICS PLC
CUTIX PLC
NEIMETH INTERNATIONAL PHARMACEUTICALS PLC
CUSTODIAN AND ALLIED PLC
FIDSON HEALTHCARE PLC
UBA CAPITAL PLC
UAC OF NIGERIA PLC
MANSARD INSURANCE PLC
UNILEVER NIGERIA PLC
UNIVERSITY PRESS PLC
Open
2.45
1.97
1.32
4.03
3.25
2.35
66.00
2.70
55.00
4.46
Close Loss (N)
2.23
-0.22
1.80
-0.17
1.21
-0.11
3.71
-0.32
3.00
-0.25
2.17
-0.18
61.59
-4.41
2.52
-0.18
51.50
-3.50
4.23
-0.23
% Change
-8.98
-8.63
-8.33
-7.94
-7.69
-7.66
-6.68
-6.67
-6.36
-5.16
CORPORATE ACTIONS
COMPANY
FIDSON HEALTHCARE PLC
PRESCO PLC
CLOSURE
DATE
7/7/2014
7/7/2014
DIVIDEND
BONUS
AGM DATE
N 0.10
N 0.10
NIL
NIL
17/07/2014
22/07/2014
PAYMENT
DATE
18/07/2014
24/07/2014
EX-DIV PRICE
N3.15
N36.90
FINANCIAL NEWS
AUDITED ACCOUNT
LAW UNION AND ROCK INSURANCE PLC: AUDITED ANNUAL FINANCIAL STATEMENTS FOR
THE YEAR ENDED 31 DECEMBER 2013– N’000 Gross Premium Written 2013 N3, 443,575 2012 N4,
163,370 (Loss)/Profit After Taxation 2013 N485,432 2012 (N1, 337,180).
VONO PRODUCTS PLC: AUDITED IFRS FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30
SEPTEMBER 2013– Revenue 2013 N841.4M 2012 N525.8M (Loss) After Tax: 2013: (N4.8M) 2012
(N91.6M).
NIGER INSURANCE PLC: AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31
DECEMBER, 2013– N’000 Gross Premium Written 2013 N10, 443,205 2012 N10, 330,471 Profit After
Tax 2013 N627,425 2012 N776,293.
CONTINENTAL REINSURANCE PLC: GROUP AUDITED FINANCIAL STATEMENTS FOR THE
YEAR ENDED DECEMBER 31, 2013– Revenue December 2013 N15.859B December 2012 N12.398B
Profit After Tax December 2013 N1.753B December 2012 N1.733B.
UNIVERSITY PRESS PLC: AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED MARCH
31, 2014– N’000 Revenue 2014 N2, 438,270 2013 N2, 312,711 Profit After Tax 2014 N233,925 2013
N260, 702.
For Further Inquiries Contact: Market Operations Department
Page 4
WEEKLY REPORT
UNAUDITED ACCOUNT
LAW UNION AND ROCK INSURANCE PLC: FINANCIAL HIGHLIGHTS FOR THREE MONTHS
ENDED 31 MARCH 2014– N’000 Gross Premium Written 2014 N1,760,069 2013 N1,193,055
(Loss)/Profit After Taxation 2014 N193,631 2013 N52,811.
CONTINENTAL REINSURANCE PLC UNAUDITED FINANCIAL STATEMENTS FOR THE FIRST
QUARTER ENDED MARCH 31, 2014– Revenue March 2014 N4.363B March 2013 3.755B. Profit After
Tax March 2014 N0.607B March 2013 N0.632B
NPF MICROFINANCE BANK PLC: UNAUDITED RESULTS FOR THE QUARETR ENDED JUNE 30,
2014 – Gross Earnings 30/06/2014 N1,014m 30/06/2013 N842m PAT 30/06/2014 N339m 30/06/2013
N253m.
Please visit (http://www.nse.com.ng/Lists/Financial_News/AllItems.aspx) for full details of
Financial News.
OTHER MARKET NEWS
MRS OIL NIGERIA PLC: CLOSURE OF REGISTER - Year Ended December 31, 2013- Proposed
Dividend 0.75 kobo, Proposed Bonus Nil, Closure Date 14th – 18th July, 2014, AGM Date 7th August,
2014, Payment Date 8th August, 2014, AGM Venue Federal Palace, VI Lagos at 11.00 a.m.
NIGER INSURANCE PLC: CLOSURE OF REGISTER - Year Ended December 31, 2013- Proposed
Dividend 3.5 kobo per share, Proposed Bonus Nil, Closure Date 21st – 25th July, 2014, AGM Date 31st
July, 2014, Payment Date 4th August, 2014, AGM Venue Kwara Hotel, Ahmadu Bello Way, Tapa, Ilorin,
10.00 a.m.
UNIVERSITY PRESS PLC: CLOSURE OF REGISTER - Year Ended March 31, 2014- Proposed
Dividend 35 kobo per share, Proposed Bonus Nil, Closure Date 1st – 4th September, 2014, AGM Date
25th September, 2014, Payment Date 25th September, 2014, AGM Venue Kakanfo Conference Centre,
Ring Road, Ibadan.
CONTINENTAL RE-INSURANCE PLC: CLOSURE OF REGISTER - Year Ended December 31, 2013Proposed Dividend 11 kobo per share, Proposed Bonus Nil, Closure Date 4th – 8th August, 2014, AGM
Date 12th August, 2014, Payment Date 13th August, 2014, AGM Venue to be advised later.
BOC GASES NIGERIA PLC: NOTICE OF RETIREMENT OF MR. J.A. IDOWU
BOC Gases Nigeria Plc notified The Nigerian Stock Exchange that at the meeting of the Directors of the
Company held on Wednesday, June 25, 2014 it was resolved that the exit date for Mr. J.A. Idowu, the
retiring Managing Director, be extended to July 31, 2014.
The extension is to allow time to complete immigration formalities for his replacement who is coming
from Zambia.
For Further Inquiries Contact: Market Operations Department
Page 5
WEEKLY REPORT
CAVERTON OFFSHORE SUPPORT GROUP PLC: Appointment of New Managing Director
Caverton Offshore Support Group Plc notified The Nigerian Stock Exchange that as part of its
repositioning plans, Caverton Helicopters, a subsidiary of Caverton Offshore Support Group Plc
(COSG), has named Captain Josiah Choms as its new managing director with effect from August 1st.
Captain Choms will take over from Mr. Sola Falola who steps down on July 31st as the pioneer
Managing Director/Accountable Manager of the leading provider of aviation support services to the oil
and gas sector. Having successfully served out two terms of four years apiece, Mr. Falola is stepping
down in line with the company’s corporate governance practice.
Mr. Falola will however remain a member of the board of Caverton Offshore Support Group Plc,
Caverton Helicopters’ parent company, and is expected to play critical roles as the Company diversifies
into the provision of first-of-its-kind aviation training and aviation maintenance, repair and overhaul
services in Nigeria. Apart from retaining his position as a board member of the Caverton Group, Mr.
Falola will also continue to be the Chairman of Caverton Aviation, Cameroon.
Captain Josiah Choms, the incoming Managing Director, has had over 15 years of continuous aviation
experience and is the erstwhile Shell Contract Manager for Caverton Helicopters. He holds the Airplane
Transport Pilot Licenses (Aeroplanes and Helicopters) and is a Certified Flight Instructor and an
Authorized Examiner for the Nigerian Civil Aviation Authority. He is also an ISO 9001:2008 Lead
Auditor.
He has held several positions of increasing responsibility as part of a progressive senior management
development. He was at the heart of the introduction of the state-of-the-art AW139 helicopter type into
Caverton Helicopters.
Captain Choms joined Caverton in August 2010, serving first as the Chief Pilot for Shell Port Harcourt
before his promotion to Managing Pilot for the entire Shell Operations covering Port Harcourt, Warri and
Lagos. He was appointed Deputy Director of Operations with concurrent responsibility as Deputy Shell
Contract Manager and took over as the substantive Shell Contract Manager in May 2013, a position he
held creditably with stable operations and good availability.
Capt Choms has attended several aviation and management courses in Nigeria and abroad including
Cranfield University, UK and Massachusetts Institute of Technology, USA. He also holds a multidisciplinary Doctor of Philosophy (PhD) degree from the University of Wales, UK and is a member of
several professional bodies including the Association of African Studies of the UK, the Royal African
Society, and the National Association of Pilots and Engineers.
NPF MICRO FINANCE BANK PLC: Appointment of New DirectorsNPF Microfinance Bank Plc notified The Nigerian Stock Exchange of the appointment of Mr. Akinwumi
Mohammed Lawal as the substantive Managing Director of the Bank. It also announced the appointment
of Mr. Jude Chukwueloka Ohanehi as Executive Director of the Bank with effect from the date of its last
Annual General Meeting held on June 26, 2014.
For Further Inquiries Contact: Market Operations Department
Page 6
WEEKLY REPORT
Mr. Akinwumi Mohammed Lawal: A Fellow Chartered Institute of Bankers (FCIB) holds a Higher
National Diploma (HND) from the Yaba College of Technology, Lagos (1991 – 1994) before obtaining
his Master in Business Administration (MBA) in 2003 from the Federal University of Technology, Owerri.
Mr. Lawal started his professional career with Fidelity Bond Insurance Brokers as a Principal Clerk
(1986) before joining the Federal Savings Bank where he was between 1987 and 1991.
Between 1991 and 1993, he worked with FSB International Bank Ltd as a Treasury Unit Officer while
from 1993 – 1994, he was at United Commercial Bank Ltd.
He joined the NPF Microfinance Bank Plc (formerly NPF Community Bank Plc) in 1995 as Head of
Accounts and has occupied several positions in the bank since then ranging from; Branch Manager
(Abuja) 1999 – 2005, Senior Manager (Head of Treasury) 2005 - 2007, AGM (Financial Control) 2007 2009, AGM (Operations) 2009 - 2010 and DGM (Operations/Head, Risk Management Enterprise) 2011
– September 2013.
He is an Associate, Certified Pension Institute of Nigeria and was since September 2013, the Acting
Managing Director of the Bank prior to this substantive appointment.
Mr. Jude Chukwueloka Ohanehi: is a member of the Chartered Institute of Stockbrokers. He holds a
B.Sc. degree in Bio-Chemistry from Imo State University, Okigwe (Now Abia State University) – (1986 –
1990) before obtaining his MBA in Finance from the University of Calabar in 2002.
Jude Ohanehi started his career as a Youth Corps Member in Army Barracks Janguza, Kano State
(1990 - 1993) before joining DBL Beverages Ltd Km 43 Onitsha-Owerri Road, Anambra State (19911993).
In 1993, he joined the NPF Microfinance Bank Plc in the Credit/Marketing Department. He has at
various times worked in different departments of the Bank and has occupied different positions; Acting
Head, Abuja Liaison Office, General Service Treasury Department on Acting Capacity (2002 – 2005),
Head Abuja Liaison Office (2005 - 2009) and Head Financial Control (2009 – 2012)
He is an Associate Member, Nigerian Institute of Management (2000) and has attended numerous
financial courses; Lagos Business School, Chartered Institute of Bankers, Bridgewater and Associate
among others. He is a recipient of several awards and has three unpublished works.
He was the Bank’s Head Finance & Administration since 2012 prior to this appointment.
For Further Inquiries Contact: Market Operations Department
Page 7

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