WEEKLY REPORT

STOCK MARKET REPORT FOR DECEMBER 12TH, 2014

EQUITIES
A turnover of 1.810 billion shares worth N28.918 billion in 20,677 deals were traded this week by
investors on the floor of The Exchange in contrast to a total of 1.526 billion shares valued at N24.992
billion that exchanged hands last week in 21,344 deals.
The Financial Services Industry (measured by volume) led the activity chart with 1.370 billion shares
valued at N13.783 billion traded in 11,742 deals; thus contributing 75.69% and 47.66% to the total equity
turnover volume and value respectively. The Consumer goods Industry followed with a turnover of
137.115 million shares worth N9.368 million in 3,583 deals. The third place was occupied by the
Conglomerates Industry with 93.133 million shares worth N567.167 million in 1,256 deals.
Trading in the Top Three Equities namely- Guaranty Trust Bank Plc, FBN Holdings Plc and Diamond
Bank Plc (measured by volume) accounted for 624.388 million shares worth N9.188 billion in 5,090
deals, contributing 34.50% and 31.77% 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

08-Dec-14

4,027

314,108,440

4,374,065,103.23

105

10

36

59

09-Dec-14

4,482

354,204,602

7,588,218,934.05

117

40

70

10-Dec-14

4,230

376,202,646

6,662,605,838.37

112

13

34

65

11-Dec-14

4,258

374,705,186

5,614,739,361.25

97

10

44

43

12-Dec-14

3,680

390,609,288

4,678,655,470.43

101

11

36

54

Distribution of Quantity Traded

FINANCIAL SERVICES

5%

CONSUMER GOODS

CONGLOMERATES

OTHERS

12%

7%
76%

For Further Inquiries Contact: Market Operations Department

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WEEKLY REPORT

ETPs
Also traded during the week were a total of 1,299 units of Exchange Traded Products (ETPs) valued at
N452,196.95 executed in 21 deals compared with a total of 10,886 units valued at N1.652 million
transacted last week in 24 deals. (See summary in the table below).
S/N

Security

Deals

Volume

Value

VETGRIF30

1,055

15,485.60

NEWGOLD

204

436,310.00

LOTUSHAL15

40

401.35

21

1,299

452,196.95

RETAIL BONDS
Similarly, a total of 800 units of FGN bonds valued at N825,011.67 were executed in 1 deal compared
with a total of 9,250 units valued at N10.345 million transacted last week in 4 deals.

S/N

Security

FG102016S1

Deals

Volume

Value

800

825,011.67

800

825,011.67

INDEX MOVEMENT
The NSE All-Share Index and Market Capitalization depreciated by 7.42% to close on Friday at
30,763.38 and N10.156 trillion respectively.
Similarly, all the indices drifted lower during the week with exception of the NSE ASeM Index that rose
by 2.05%. (See summary of Index movements in the table below).
WEEK
OPENING

WEEK
CLOSE

WEEKLY
CHANGE

WtD

MtD

QtD

YtD

% Change
The NSE All-Share Index (ASI)

33,228.29

30,763.38

-2,464.91

-7.42

-10.94

-25.35

-25.57

NSE 30 Index

1,516.67

1,397.45

-119.22

-7.86

-11.32

-25.76

-26.73

NSE Banking Index

349.18

323.95

-25.23

-7.23

-11.52

-23.80

-27.66

NSE Insurance Index

156.30

141.23

-15.07

-9.64

-4.39

-5.34

-7.61

NSE Consumer Goods Index

876.83

788.45

-88.38

-10.08

-12.36

-23.63

-28.34

NSE Oil/Gas Index

410.47

378.80

-31.67

-7.72

-9.13

-17.80

11.45

NSE Lotus II

2,078.96

1,987.85

-91.11

-4.38

-7.55

-27.07

-30.57

NSE Industrial Goods Index

1,960.18

1,854.92

-105.26

-5.37

-8.21

-32.22

-27.16

NSE ASeM Index

1,036.13

1,057.36

21.23

2.05

2.05

11.17

9.88

For Further Inquiries Contact: Market Operations Department

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WEEKLY REPORT

The NSE All-share and NSE-30 Indices

Week Ended December 12, 2014

33,500.00
33,000.00
32,500.00
32,000.00
31,500.00
31,000.00
30,500.00
30,000.00
29,500.00

1,540.00
1,520.00
1,500.00
1,480.00
1,460.00
1,440.00
1,420.00
1,400.00
1,380.00
1,360.00
1,340.00
1,320.00

ASI NSE-30
NSE-30

SUMMARY OF PRICE CHANGES

Ten (10) equities appreciated in price during the week lower than twenty-six (26) equities of the
preceding week. Sixty-eight (68) equities depreciated in price higher than forty-nine (49) equities of the
preceding week, while one hundred and nineteen (119) equities remained unchanged lower than one
hundred and twenty-two (122) recorded in the preceding week.
Top 10 Price Gainers

Company
E-TRANZACT INTERNATIONAL PLC
AIRLINE SERVICES AND LOGISTICS PLC
WEMA BANK PLC
ACADEMY PRESS PLC
OMOLUABI SAVINGS AND LOANS PLC
BETA GLASS COMPANY (NIG.) PLC
ETERNA PLC
ECOBANK TRANSNATIONAL INCORPORATED
7-UP BOTTLING COMPANY PLC
CAP PLC

Open
2.21
1.65
0.95
1.08
0.67
23.15
3.00
17.60
152.70
36.10

Close Gain (N)

2.55
0.34
1.81
0.16
1.00
0.05
1.13
0.05
0.70
0.03
24.00
0.85
3.11
0.11
18.21
0.61
153.85
1.15
36.22
0.12

% Change
15.38
9.70
5.26
4.63
4.48
3.67
3.67
3.47
0.75
0.33

Top 10 Price Decliners:

For Further Inquiries Contact: Market Operations Department

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WEEKLY REPORT
Company
TRANSNATIONAL CORPORATION OF NIG PLC
CHAMPION BREWERIES PLC
MANSARD INSURANCE PLC
GUINNESS NIGERIA PLC
CEMENT COMPANY OF NORTHERN NIGERIA PLC
NIGERIAN BREWERIES PLC
SEPLAT PETROLEUM DEVELOPMENT COMPANY LTD
UNITED BANK FOR AFRICA PLC
UNION BANK OF NIGERIA PLC
DANGOTE FLOUR MILLS PLC

Open
3.99
8.93
3.72
149.06
10.90
170.99
380.00
4.76
8.85
5.63

Close Loss (N)

3.05
-0.94
6.93
-2.00
2.90
-0.82
122.61
-26.45
9.27
-1.63
145.59
-25.40
324.83
-55.17
4.08
-0.68
7.60
-1.25
4.84
-0.79

% Change
-23.56
-22.40
-22.04
-17.74
-14.95
-14.85
-14.52
-14.29
-14.12
-14.03

CORPORATE ACTION
The below security was adjusted for dividend during the week as announced by their board of directors:
COMPANY
ENAMELWARE NIGERIA
PLC

CLOSURE
DATE

DIVIDEND

BONUS

PAYMENT
DATE

AGM DATE

EXDIV/SCRIP
PRICE

08/12/2014

N0.45

NIL

19/12/2014

N/A

N31.82

FINANCIAL NEWS
UNAUDITED ACCOUNT
ELLAH LAKES NIGERIA PLC:UNAUDITED FINANCIAL STATEMENTS FOR THE THREE MONTHS
ENDED OCTOBER 31, 2014- Turnover 2014 N12,944,680 2013 N15,388,750 Profit/Loss After Tax
2014 (N4,079,496) 2013 (N2,538,492).
Please visit http://www.nse.com.ng/Issuers-section/corporate-disclosures/company-results for full
details of Financial News.

OTHER MARKET NEWS

LAFARGE AFRICA PLC: Notification of Mandatory Tender Offer on AshakaCem Plc- Further to our
market bulletin of 3 December 2014 with respect to the Mandatory Tender Offer (MTO) by Lafarge Africa
Plc to holders of ordinary shares of AshakaCem Plc, please be notified that Lafarge Africa is launching a
Tender offer to acquire up to 927,008,865 ordinary shares in AshakaCem Plc (representing 41.39% of
the issued and paid up capital of AshakaCem Plc) not currently held by the Company.
It will be recalled that Lafarge Africa Plc after acquiring 58.61% shareholding in AshakaCem Plc
triggered an MTO in accordance with Section 131 of the Investments and Securities Act (No 29 of 2007)
and Rule 445 of the Securities & Exchange Commissions Rules and Regulations, which requires that a
For Further Inquiries Contact: Market Operations Department

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WEEKLY REPORT
Mandatory Tender Offer be made to all other shareholders of a public company by any party that
acquires 30% or more of the shares in that company.
The MTO is expected to commence on Wednesday, 10 December 2014 and close at 5.00 p.m. 16
January 2015. Shareholders whose names appear on the register of members of AshakaCem Plc as at
the close of business, 9 December 2014 will qualify for the MTO. Qualifying Shareholders, who accept
the Offer, will receive 57 ordinary shares in Lafarge Africa Plc for every 202 ordinary shares in
AshakaCem Plc, so tendered. An additional cash payment of N2.00 (Two Naira), net of any applicable
tax, per ordinary share taken up by Lafarge Africa during the Acceptance Period will be made to
accepting shareholders.
ECOBANK TRANSNATIONAL INCORPORATED:Ecobank Transnational Incorporated receives
USD 200,000,000 Senior Unsecured Loan Facility- Ecobank Transnational Incorporated, ETI, the
Lome-based parent company of the Ecobank Group, announced the receipt of a one-year, senior
unsecured loan facility of USD 200,000,000 from Deutsche Bank AG. On the 17th November 2014,
Ecobank appointed Deutsche Bank to be the Initial Mandated Lead Arranger, Bookrunner and Facility
Agent to arrange this financing. On Tuesday 9th December 2014, Deutsche Bank AG successfully closed
primary syndication with an oversubscribed order book of USD 230,000,000. The final size of the facility
was maintained at USD 200,000,000. This transaction reflects Deutsche Banks strong distribution
platform and rapid execution capabilities in challenging market conditions. The facility will be used for
general corporate purposes.
NPF MICROFINANCE BANK PLC: Appointment of Acting Chairman- NPF Microfinance Bank Plc
notified The Nigerian Stock Exchange of the retirement of Mrs. F.O. Adebanjo as the Chairman of the
Bank in accordance with the provisions of the Banks Articles of Association having served for nine (9)
years. Following her retirement, Mr. Usman Isa Baba has been appointed by the Board of Directors to fill
the vacuum in acting capacity pending the appointment of a substantive Chairman.The resignation of
Mrs. Adebanjo and the appointment of Mr. Baba was approved by the Banks Board at its meeting held
on 7th December 2014.
BERGER PAINTS NIGERIA PLC: Appointment of Director-Berger Paints Nigeria Plc notified The
Nigerian Stock Exchange of the appointment of Mr. Sanjay Datwani as director of the company.
Born on February 6, 1973, Mr. Sanjay Datwani had his early education at University College School,
Hampstead, London (1983 1989) and obtained his BA in Business Administration at Boston University,
Boston Massachusetts USA (1989 1993).
Mr. Datwani started his career at Goodmann Mann Associates Piccadilly, London as Intern Property
Managing Agents (January 1993 January 1994).
From January 1994 - present he has been the Managing Director, Clayton Finance Limited. Mr.
Datwanis property investments include:

Hilton Double Tree Hotel 200 rooms, Bath Road, Heathrow Airport

For Further Inquiries Contact: Market Operations Department

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WEEKLY REPORT

Portfolio of 30 Booker Plc food stores sale and leaseback

Residential developments Birmingham 54 apartments and 10 Houses

Student accommodation schemes Birmingham and Dundee Scotland

Marriot Hotel 143 rooms, Cheshunt, Hertfordshire

Distribution warehouse let to Dreams Plc, Midlands

Mixed retail scheme, Tottenham Ct Road, Central London

Mr. Datwani is currently a volunteer at Sadhu Vaswani Centre (charitable religious organization) in
London.

For Further Inquiries Contact: Market Operations Department

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