any info on ecobank ipo?

STOCK MARKET REPORT FOR THE WEEK ENDED FRIDAY, 13TH JUNE 2008

A turnover of 3.71 billion shares worth N53.93 billion in 75,156 deals was recorded this week, in contrast to a total of 5.06 billion shares valued at N74.9 billion exchanged last week in 83,613 deals.

Transactions during the week included a total of 717,000 units of Access Bank Plc N13.5 billion Redeemable Bond 2010 valued at N717 million.

There were no transactions in the Federal Government Development Stocks, State Government Bonds and Preference Stocks sectors.

The Insurance subsector was the most active during the week (measured by turnover volume), with 1.6 billion shares worth N3.95 billion exchanged by investors in 11,020 deals. Volume in the Insurance subsector was largely driven by activity in the shares of Investment and Allied Assurance Plc. Trading in the shares of the Insurance Company accounted for 741.84 million shares, representing 46.82% of the subsector’s turnover.

The Banking subsector, boosted by activity in the shares of PlatinumHabib Bank Plc, Intercontinental Bank Plc and Access Bank Plc, followed on the week’s activity chart with a turnover of 1.51 billion shares valued at N39.9 billion in 35,490 deals.

Last week, the Insurance subsector led on the activity chart and was followed by the Banking subsector.

Price Movement:
The All-Share Index rose by 7.04% to close on Friday at 60,191.83. The market capitalization of the 206 First -Tier equities closed lower at N11.72 trillion.

Ninety - Two (92) stocks appreciated in price during the week, higher than the twenty - five (25) in the preceding week. Nestle Nigeria Plc led on the gainers’ table with a gain of N11.25 to close at N236.25 per share while Ashaka Cement Plc followed with N8.48 to close at N45.79 per share. Other price gainers in the Top 10 category include:

• Julius Berger Nigeria Plc - N5.45

• Chemical & Allied Products Plc - N4.98

• Eterna Oil & Gas Plc - N3.39

• Chevron Oil Nigeria Plc - N2.50

• Guinness Nigeria Plc - N2.35

• Nigerian Breweries Plc - N1.54

• Japaul Oil & Maritime Services Plc - N1.52

• John Holt Plc - N1.49

Ninety - Five (95) stocks depreciated in price during the week, higher than the ninety – five (95) in the preceding week. United Bank for Africa Plc led on the price losers’ table, dropping by

N26.42 to close at N32.78 per share while Mobil Oil Nigeria Plc followed with a loss of N12.00 to close at N187.50 per share. Other price losers in the Top 10 category include:

• Conoil Plc - N8.60

• Costain (WA) Plc . - N7.48

• Flour Mills Nigeria Plc - N6.90

• Skye Shelter Fund Plc - N6.15

• Lafarge WAPCO Plc - N6.00

• First Bank of Nigeria Plc - N4.41

• Dangote Flour Mills Plc - N4.02

• Dangote Sugar Refinery Plc - N3.87

The price of Guaranty Trust Bank Plc was adjusted for final dividend of N0.70 per share and bonus of 1 for 11 as recommended by the Board of Directors.

Supplementary Listing

A total of 1,259,090,909 shares were added to the shares outstanding in the name of Guaranty Trust Bank Plc following the bonus of 1 for 11.

Delisting

The FGN Bond 2012 (Local Contractors Debt Series 3) was delisted from the Daily Official List. By this action, the number of FGN Bonds and securities dropped to 43 and 316 respectively.


COMPANY NEWS

INTERCONTINENTAL BANK PLC: Audited result for the year ended 29th February 2008 shows Gross Earnings of N173.6 billion as against N87.4 billion in 2007. Profit after tax stood at N34.8 billion compared with N15.5 billion in 2007. The Directors are recommending a final dividend of N0.40 per share. The date of closure of register of members is June 20, 2008 while payment date would be advised later. The stock price had on December 17, 2007 been adjusted for an interim dividend of N0.35 per share, thus bringing the total cash dividend to N0.75 per share.

BIG TREAT PLC: Audited result for the year ended 31st December 2007 shows Turnover of N3.0 billion as against N1.6 billion in 2006. Profit after tax stood at N245.9 million compared with N131.1 million in 2006. The Directors are recommending a dividend of N0.10 per share. The date of closure of register of members is July 7, 2008 while payment date is July 18, 2008.

NIGER INSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N3.9 billion as against N3.14 billion in 2006. Profit after tax stood at N657.02 million compared with N589.6 million in 2006. The Directors are recommending a dividend of N0.15 per share. The date of closure of register of members is June 23, 2008 while payment date is July 31, 2008. The 38th Annual General Meeting (AGM) of shareholders is scheduled to hold at Transcorp Hilton Hotel, Abuja on July 10, 2008 by 11.00a.m.

PRESTIGE ASSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N2.3 billion as against N1.54 billion in 2006. Profit after tax stood at N638.1 million compared with N407.4 million in 2006. The Directors are recommending a dividend of

N0.20 per share and bonus of 1 for 4. The date of closure of register of members is July 8, 2008 while payment date is August 4, 2008. The Annual General Meeting (AGM) of shareholders is scheduled to hold on July 31, 2008.

PRESTIGE ASSURANCE PLC: Unaudited result for the first quarter ended 31st March 2008 shows Gross Premium of N661 million, as against N435 million in the comparable period of 2007. Profit after tax stood at N215 million compared with N169 million in 2007.

BENUE CEMENT CO. PLC: Unaudited result for the first quarter ended 31st March 2008 shows Turnover of N1.04 million, as against N1.8 billion in the comparable period of 2007. Profit after tax stood at N139.1 million compared with profit after tax and exceptional items of N536.8 million in 2007.

INTERNATIONAL ENERGY INSURANCE CO. PLC: Unaudited result for the first quarter ended 31st March 2008 shows Gross Premium of N980.3 million, as against N309.3 million in the comparable period of 2007. Profit after tax stood at N320.15 million compared with N98.9 million in 2007.

REPORT ON THE OTC MARKET FOR FGN BONDS

A turnover of 131.3 million units worth N135.6 billion in 943 deals was recorded this week, in contrast to a total of 202 million units valued at N208.7 billion exchanged in 1659 deals during the week ended June 5, 2008. As in the preceding week, the most active bond (measured by turnover volume) was the 3rd FGN Bond 2009 Series 11 with a traded volume of 19.0 million units valued at N20.85 billion in 187 deals.

Source: Nigerian Stock Exchange

Intercontinental Bank Plc post 125 percent profit.

Intercontinental Bank Plc has made available its financial results for the year ended February 2008 to trading members of the Nigerian Stock Exchange. A summary of the Banks results showed that its deposit base reached N1.05 trillion from N468 billion in the previous year indicating a growth of 126 percent. Its gross earnings grew by 99 percent from N87.4 billion in the previous year to N173.5 billion.

Profit before tax grew by 102 per cent to N45.6 billion as against N22.6 billion in 2007. Profit after tax also recorded a phenomenal growth of 125 percent to N34.8 billion during the period under review. The banks capital base increased from N157 billion in 2007 to N200 billion in 2008.
It is proposing to pay a total dividend payout of N13.5 billion made up of the N6.3 billion paid to the investors as interim dividend last September and the N7.2 billion to be paid as final dividend payout to investors. This translates to 40 kobo per share compared to 35 kobo paid as interim dividend, bringing the total dividend per share for the year to 75 kobo.

Young ever lets chat over yahoo messenger

BEAUTIFUL REPORT, PLS KEEP IT COMING.

CHEERS.

the trade alert is free as long as u have ur phone no with ur stock broker u will be alerted of any trade on ur accont.
on how to register with a stockbroker just confam which broker is listed anfd register but u have to pay but whot u pay shall be use to buy share for u. there is a fix ammount.thks

Hey all,

I probably must ve missed this answer but can someone tell me whats up wit ecobank transnational? The share price is so low. Thot of buying.

Thanks

the did a reconstruction, 5 for 1 or 4 for 1, l cant remember exactly. but there was a share reconstruction.

A turnover of 5.24 billion shares worth N42.52 billion in 82,798 deals was recorded this week, in contrast to a total of 3.71 billion shares valued at N53.93 billion exchanged last week in 75,156 deals.

Transactions during the week included a total of 18,000 units of Access Bank Plc N13.5 billion Redeemable Bond 2010 valued at N18.04 million.



There were no transactions in the Federal Government Development Stocks, State Government Bonds and Preference Stocks sectors.



The Insurance subsector was the most active during the week (measured by turnover volume), with 3.43 billion shares worth N6.45 billion exchanged by investors in 14,521 deals. Volume in the Insurance subsector was largely driven by activity in the shares of Investment and Allied Assurance Plc. Trading in the shares of the Insurance Company accounted for 2.6 billion shares, representing 75.44% of the subsector’s turnover.



The Banking subsector, boosted by activity in the shares of PlatinumHabib Bank Plc, Fidelity Bank Plc and Access Bank Plc, followed on the week’s activity chart with a turnover of 1.3 billion shares valued at N28 billion in 38,977 deals.



Last week, the Insurance subsector led on the activity chart and was followed by the Banking subsector.



Price Movement:

The All-Share Index dropped by 9.65% to close on Friday at 54,382.21 attributed to the drop in prices of the highly capitalized stocks. The market capitalization of the 207 First -Tier equities closed lower at N10.6 trillion.



Fourteen (14) stocks appreciated in price during the week, lower than the ninety - two (92) in the preceding week. Chevron oil Nigeria Plc led on the gainers’ table with a gain of N14.62 to close at N307.12 per share while Mobil Oil Nigeria Plc followed with N9.37 to close at N196.87 per share. Other price gainers in the Top 10 category include:



• 7-Up Bottling Co. Plc - N2.60



• Berger Paints (Nig) Plc - N1.27



• Longman Nigeria Plc - N1.20



• International Breweries Plc - N1.17



• Prestige Assurance Co. Plc - N0.57



• Afprint Nigeria Plc - N0.50



• Presco Plc - N0.45



• Hallmark Paper Products Plc - N0.26



Ninety – Eight (98) stocks depreciated in price during the week, higher than the two (2) in the preceding week. Total Nigeria Plc led on the price losers’ table, dropping by N12.54 to close at

N238.38 per share while Guinness Nigeria Plc followed with a loss of N10.80 to close at N123.20 per share. Other price losers in the Top 10 category include:



• Nestle Nigeria Plc - N9.25



• Intercontinental Bank Plc. - N9.07



• Nigerian Bottling Co. Plc - N8.35



• Flour Mills Nigeria Plc - N7.85



• Oando Plc - N6.00



• Cadbury Nigeria Plc - N5.79



• Ecobank Transnational Inc. - N5.75



• Ashaka Cement Plc - N5.53



Four equity prices were adjusted for dividend as recommended by the Board of Directors. The price of Guinness Nigeria Plc was adjusted for Special Dividend of N6.80 per share. Intercontinental Bank Plc was adjusted for final dividend of N0.40 per share. Mutual Benefits Assurance Plc was adjusted for dividend of N0.06 per share. Equity Assurance Plc was adjusted for dividend of N0.035 per share



New Listing

The 2,941,789,472 shares in favour of Omatek Ventures Plc were admitted to the Daily Official List at a price of N4.90 per share on Wednesday, June 18, 2008 by way of Introduction. The shares were listed in the Computer and Office Equipment subsector. By this action, the number of listed companies and securities increased to 222 and 317, respectively.



COMPANY NEWS

IKEJA HOTEL PLC: Audited result for the year ended 31st December 2007 shows Turnover of N5.3 billion as against N4.64 billion in 2006. Profit after tax stood at N697.75 million compared with N525.94 million in 2006. The Directors are recommending a dividend of N0.10 per share. The date of closure of register of members is June 23, 2008 while payment date is July 28, 2008.



CRUSADER INSURANCE (NIG) PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N2.2 billion as against N1.21 billion in 2006. Profit after tax stood at N1.45 billion compared with N267.12 million in 2006. The Directors are recommending a dividend of N0.15 per share. The date of closure of register of members is June 30, 2008 while payment date would advised later.



SMART PRODUCTS NIGERIA PLC: Audited result for the year ended 31st December 2007 shows Turnover of N12.54 million as against N10.6 million in 2006. Profit after tax stood at N3.9 million compared with N2.4 million in 2006. The Directors are recommending a dividend of N0.075 per share. The date of closure of register of members is June 25, 2008 while payment date would be announced later.



DN MEYER PLC: Audited result for the year ended 31st December 2007 shows Turnover of N2.1 billion as against N2.01 billion in 2006. Profit after tax stood at N63.8 million compared with N60.75 million in 2006. The Directors are recommending a dividend of N0.10 per share.

The date of closure of register of members is June 30, 2008 while payment date would be announced later.



DN MEYER PLC: Unaudited result for the first quarter ended 31st March 2008 shows Turnover of N491.55 million, as against N483.22 million in the comparable period of 2007. Profit after tax stood at N13.2 million compared with N10.4 million in 2007.



SCOA NIGERIA PLC: Unaudited result for the half year ended 30th June 2007 shows Turnover of N1.32 billion, as against N1.25 billion in the comparable period of 2006. Profit after tax and exceptional items stood at N777.24 million compared with N20.2 million in 2006.



NAMPAK NIGERIA PLC: Audited result for the year ended 30th September 2007 shows Turnover of N2.85 billion as against N2.7 billion in 2006. Loss after tax and exceptional items stood at N145.92 million compared with profit after tax of N129.52 million in 2006.



NAMPAK NIGERIA PLC: Unaudited result for the half year ended 31st March 2008 shows Turnover of N1.436 billion, as against N1.439 billion in the comparable period of 2007. Loss after tax stood at N183 million compared with profit after tax of N61.74 million in 2007.



NCR (NIG) PLC: Audited result for the year ended 31st December 2007 shows Turnover of N4.21 billion as against N1.6 billion in 2006. Loss after tax stood at N31.82 million compared with N623.1 million in 2006.



INCAR (NIG) PLC: Unaudited result for the first quarter ended 31st March 2008 shows Turnover of N22.52 million, as against N26.5 million in the comparable period of 2007. Loss after tax stood at N2.2 million compared with N2.3 million in 2007.



REPORT ON THE OTC MARKET FOR FGN BONDS

A turnover of 161.3 million units worth N164.05 billion in 863 deals was recorded this week, in contrast to a total of 131.3 million units valued at N135.6 billion exchanged in 943 deals during the week ended June 12, 2008. The most active bond (measured by turnover volume) was the 5th FGN Bond 2013 Series 1 with a traded volume of 45.55 million units valued at N45.52 billion in 81 deals.

They say the market is bearish , we say the market is doing a sales promo. That is why we are ready to give lucky investors 50,000 to invest in the stock market. for more info send a blank email to, myatmmachine@yahoo.com

A turnover of 5.21 billion shares worth N68.75 billion in 78,306 deals was recorded this week, in contrast to a total of 5.24 billion shares valued at N42.52 billion exchanged last week in 82,798 deals.

Transactions during the week included a total of 133,500 units of Access Bank Plc N13.5 billion Redeemable Bond 2010 valued at N88.5 million.



There were no transactions in the Federal Government Development Stocks, State Government Bonds and Preference Stocks sectors.



The Banking subsector was the most active during the week (measured by turnover volume), with 2.5 billion shares worth N54.63 billion exchanged by investors in 40,460 deals. Volume in the Banking subsector was largely driven by activity in the shares of Intercontinental Bank Plc, PlatinumHabib Bank Plc, United Bank for Africa Plc and Fidelity Bank Plc. Trading in the shares of the four banks accounted for 1.34 billion shares, representing 54.3% of the subsector’s turnover.



The Insurance subsector, boosted by activity in the shares of Investment and Allied Assurance Plc, followed on the week’s activity chart with a turnover of 1.98 billion shares valued at N4.8 billion in 11,586 deals.



Last week, the Insurance subsector led on the activity chart and was followed by the Banking subsector.



Price Movement:

The All-Share Index rose by 0.96% to close on Friday at 54,905.36. The market capitalization of the 208 First -Tier equities closed higher at N10.72 trillion.



Forty (40) stocks appreciated in price during the week, higher than the fourteen (14) in the preceding week. Also, as in the preceding week, Chevron oil Nigeria Plc led on the gainers’ table with a gain of N31.47 to close at N338.59 per share while Total Nigeria Plc followed with N11.62 to close at N250.00 per share. Other price gainers in the Top 10 category include:



• Unilever Nigeria Plc - N3.40



• Oceanic Bank International Plc - N3.05



• Guaranty Trust Bank Plc - N2.99



• First Bank of Nigeria Plc - N2.86



• Zenith Bank Plc - N2.65



• Lafarge WAPCO Plc - N2.60



• PlatinumHabib Bank Plc - N2.11



• Cadbury Nigeria Plc - N2.08



Eighty (80) stocks depreciated in price during the week, lower than the ninety – nine (99) in the preceding week. Conoil Plc led on the price losers’ table, dropping by N9.92 to close at N99.80

per share while Ecobank Transnational Incorporated followed with a loss of N5.94 to close at N38.71 per share. Other price losers in the Top 10 category include:



• National Salt Co. of Nigeria Plc - N5.67



• Oando Plc . - N5.01



• Eterna Oil & Gas Plc - N4.59



• Nig. Bottling Co. Plc - N4.15



• Chemical & Allied Products Plc - N3.80



• Prestige Assurance Co. Plc - N2.78



• Presco Plc - N2.47



• Flour Mills of Nigeria Plc - N2.15



Four equity prices were adjusted for dividend as recommended by the Board of Directors. National Salt Co. Nig. Plc was adjusted for Dividend of N0.40 per share and bonus of 1 for 5. Niger Insurance Co. Plc was adjusted for dividend of N0.15 per share. Ikeja hotel Plc was adjusted for dividend of N0.10 per share. Smart Products Nigeria Plc was adjusted for dividend of N0.075 per share



New Listing

The 2,950,000,000 shares in favour of Tantalizers Plc were admitted to the Daily Official List at a price of N3.50 per share on Monday, June 23, 2008 by way of Introduction. The shares were listed in the Food, Beverages & Tobacco subsector. By this action, the number of listed companies and securities increased to 223 and 317, respectively.



…Supplementary Listing

A total of 441,573,063 shares were added to the shares outstanding in the name of National Salt Co. Nig. Plc following the bonus of 1 for 5.



COMPANY NEWS



GUARANTY TRUST BANK PLC: Unaudited result for the half year ended 31st May 2008 shows Gross Earnings of N28 billion, as against N14.9 billion in the comparable period of 2007. Profit after tax stood at N8.4 billion compared with N3.5 billion in 2007.



NIGERIAN-GERMAN CHEMICALS PLC: Audited result for the year ended 31st December 2007 shows Turnover of N2.63 billion as against N2.5 billion in 2006. Profit after tax stood at N137.42 million compared with N149.32 million in 2006. The Directors are recommending a dividend of N0.45 per share. The date of closure of register of members is July 1, 2008 while payment date is August 16, 2008.



C & I LEASING PLC: Audited result for the year ended 31st January 2008 shows Gross Income of N2.7

billion as against N1.61 billion in 2007. Profit after tax stood at N375.4 million compared with N134.12 million in 2007. The Directors are recommending a final dividend of N0.06 per share. The stock price had on August 23, 2007 been adjusted for an interim dividend of N0.06 per share, thus bringing the total cash dividend to N0.12 per share. The dates of closure of register of members and payment would be advised later. The Annual General Meeting (AGM) of shareholders is scheduled to hold at Dike Hall, I Kofo Abayomi Street, Victoria Island, Lagos on August 28, 2008 by 11.00a.m.

SMART PRODUCTS NIGERIA PLC: Audited result for the year ended 31st December 2007. The Directors had earlier recommended a dividend of N0.075 per share. The date of closure of register of members is June 25, 2008 while payment date is July 29, 2008.



TANTALIZERS PLC: Audited result for the year ended 31st December 2007 shows Turnover of N3.74 billion as against N3.5 billion in 2006. Profit after tax stood at N236.92 million compared with N140.04 million in 2006.



Unaudited result for the first quarter ended 31st March 2008 shows Turnover of N1.04 billion, as against N929.44 million in the comparable period of 2007. Profit after tax stood at N83.73 million compared with N37.1 million in 2007.



UNIVERSAL INSURANCE CO. PLC: Audited result for the year ended 31st December 2007 shows Turnover of N499.8 million as against N494.2 million in 2006. Profit after tax stood at N209.44 million compared with N330.22 million in 2006.



SOVEREIGN TRUST INSURANCE PLC: Unaudited result for the first quarter ended 31st March 2008 shows Gross Premium of N1.33 billion, as against N605.9 million in the comparable period of 2007. Profit after tax stood at N268.8 million compared with N156.6 million in 2007.



ROYAL EXCHANGE ASSURANCE (NIG) PLC: Unaudited result for the first quarter ended 31st March 2008 shows Gross Premium of N899.42 million, as against N680.15 million in the comparable period of 2007. Profit after tax stood at N46.7 million compared with N47.6 million in 2007.



FIRST ALUMINIUM NIGERIA PLC: Unaudited result for the first quarter ended 31st March 2008 shows Turnover of N2 billion, as against N2.25 billion in the comparable period of 2007. Loss after tax stood at N39.2 million compared with N28.5 million in 2007.



REPORT ON THE OTC MARKET FOR FGN BONDS
A turnover of 142.75 million units worth N145.7 billion in 1164 deals was recorded this week, in contrast to a total of 161.3 million units valued at N164.05 billion exchanged in 863 deals during the week ended June 19, 2008. The most active bond (measured by turnover volume) was the 5th FGN Bond 2013 Series 1 with a traded volume of 16.3 million units valued at N16.4 billion in 123 deals.

nice thread. i will like to stay close to it and also be making contribution.

A turnover of 4.8 billion shares worth N41.96 billion in 77,288 deals was recorded this week, in contrast to a total of 5.21 billion shares valued at N42.52 billion exchanged last week in 82,798 deals.



Transactions during the week included a total of 4,500 units of Access Bank Plc N13.5 billion Redeemable Bond 2010 valued at N4.68 million.



There were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.



The Insurance subsector was the most active during the week (measured by turnover volume), with 2.9 billion shares worth N4.4 billion exchanged by investors in 13,755 deals. Volume in the Insurance subsector was largely driven by activity in the shares of Investment and Allied Assurance Plc. Trading in the shares of the Insurance Company accounted for 2.3 billion shares, representing 78.5% of the subsector’s turnover.



The Banking subsector, boosted by activity in the shares of Fidelity Bank Plc, Sterling Bank Plc and PlatinumHabib Bank Plc, followed on the week’s activity chart with a turnover of 1.45 billion shares valued at N29.61 billion in 38,937 deals.



Last week, the Banking subsector led on the activity chart and was followed by the Insurance subsector.



Price Movement:

The All-Share Index rose by 1.0% to close on Friday at 55,456.58. The market capitalization of the 208 First -Tier equities closed higher at N10.9 trillion.

Seventy-Four (74) stocks appreciated in price during the week, higher than the forty (40) in the preceding week. Also, as in the preceding week, Chevron oil Nigeria Plc led on the gainers’ table with a gain of N16.90 to close at N355.49 per share while Flour Mills of Nigeria Plc followed with N5.10 to close at N85.00 per share. Other price gainers in the Top 10 category include:



• Beta Glass Co. Plc - N2.85



• Costain (WA) Plc - N2.85



• Dangote Flour Mills Plc - N2.38



• Dangote Sugar Refinery Plc - N2.25



• Cadbury Nigeria Plc - N2.23



• United Bank for Africa Plc - N2.09



• Ashaka Cement Plc - N1.99



• National Salt Co. Of Nig. Plc - N1.86



Thirty-Eight (38) stocks depreciated in price during the week, lower than the eighty (80) in the preceding week. Presco Plc led on the price losers’ table, dropping by N10.99 to close at N15.98

per share while Oando Plc followed with a loss of N7.99 to close at N196.00 per share. Other price losers in the Top 10 category include:



• Tripple Gee & Co. Plc - N4.85



• Intercontinental Bank Plc. - N4.69



• Nigerian-German Chemicals Plc - N4.66



• PlatinumHabib Bank Plc - N4.00



• Nestle Nigeria Plc - N3.90



• UACN Plc - N3.00



• Airline Services & Logistics Plc - N2.00



• Ecobank Transnational Incorporated - N1.93



Six equity prices were adjusted for dividend as recommended by the Board of Directors. Tripple Gee & Co. Plc was adjusted for Dividend of N0.15 per share and bonus of 1 for 2. Crusader Insurance Plc was adjusted for dividend of N0.15 per share. DN Meyer Plc was adjusted for dividend of N0.10 per share. Nigerian-German Chemicals Plc was adjusted for dividend of N0.45 per share. Presco Plc was adjusted for dividend of N0.05 per share and bonus of 1 for 1. Smart Products Nigeria Plc was adjusted for dividend of N0.075 per share



…Supplementary Listings

A total of 500,000,000 shares were added to the shares outstanding in the name of Presco Plc following the bonus of 1 for 1. Also, a total of 164,985,000 shares were added to the shares outstanding in the name of Tripple Gee & Co. Plc following the bonus of 1 for 2. Similarly, a total of 5,096505,536 were added to the shares outstanding in the name of Japaul Oil & Maritime Services Plc on Wednesday, July 2, 2008 following the conclusion of the hybrid offering and Placing.



COMPANY NEWS



LONGMAN NIGERIA PLC: Audited result for the year ended 31st December 2007 shows Turnover of N2.31 billion as against N1.74 billion in 2006. Profit after tax stood at N276.8 million compared with N203.75 million in 2006. The Directors are recommending a dividend of N1.00 per share. The date of closure of register of members is July 7, 2008 while payment date is July 28, 2008.



ROADS NIGERIA PLC: Audited result for the year ended 31st March 2007 shows Turnover of N1.8 billion as against N1.33 billion in 2006. Profit after tax stood at N25.12 million compared with N12 million in 2006. The Directors are recommending a dividend of N0.30 per share. The dates of closure of register of members and payment would be advised later.



INTERNATIONAL ENERGY INSURANCE PLC: Audited result for the year ended 31st December 2007. The Directors are recommending a dividend of N0.09 per share. The date of closure of register of members is July 11, 2008 while payment date is August 15, 2008.



STANDARD ALLIANCE INSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N2.12 billion as against N1.61 billion in 2006. Profit after tax stood at N417 million compared with N328 million in 2006. The Directors are

recommending a dividend of N0.075 per share. The dates of closure of register of members and payment would be advised later.



TRANS-NATIONWIDE EXPRESS PLC: Unaudited result for the first quarter ended 31st March 2008 shows Turnover of N109.6 million, as against N81.7 million in the comparable period of 2007. Profit after tax stood at N13.42 million compared with N11.5 million in 2007.



NIGERIAN-GERMAN CHEMICALS PLC: Unaudited result for the first quarter ended 31st March 2008 shows Turnover of N902 million, as against N710.5 million in the comparable period of 2007. Profit after tax stood at N60.44 million compared with N57.2 million in 2007.



REPORT ON THE OTC MARKET FOR FGN BONDS

A turnover of 280.3 million units worth N281.2 billion in 2,120 deals was recorded this week, in contrast to a total of 142.75 million units valued at N145.7 billion exchanged in 1164 deals during the week ended June 26, 2008. The most active bond (measured by turnover volume) was the 5th FGN Bond 2018 Series 2 with a traded volume of 37.02 million units valued at N34.54 billion in 350 deals.

Hi 2 Marto,
pls what do u mean by 37% per annum in fixed deposit?
is it 37% monthly or what?
explain more

i would like to know about starcomm.what is really happening.and i will like to find out if there is any private offer.when is the public offer of star comm coming out

A turnover of 5.8 billion shares worth N42.12 billion in 88,146 deals was recorded this week, in contrast to a total of 4.8 billion shares valued at N41.96 billion exchanged last week in 77,288 deals.

Transactions during the week included a total of 1,000 units of Access Bank Plc N13.5 billion Redeemable Bond 2010 valued at N1 million.

There were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.

The Insurance subsector was the most active during the week (measured by turnover volume), with 3.83 billion shares worth N4.6 billion exchanged by investors in 16,880 deals. Volume in the Insurance subsector was largely driven by activity in the shares of Investment and Allied Assurance Plc. Trading in the shares of the Insurance Company accounted for 3.31 billion shares, representing 86.35% of the subsector’s turnover.

The Banking subsector, boosted by activity in the shares of Fidelity Bank Plc, Intercontinental Bank Plc and FirstInland Bank Plc, followed on the week’s activity chart with a turnover of 1.5 billion shares valued at N30.25 billion in 40,848 deals.

Last week, the Insurance subsector led on the activity chart and was followed by the Banking subsector.

Price Movement:
The All-Share Index dropped by 1.43% to close on Friday at 54,662.06. The market capitalization of the 208 First -Tier equities closed lower at N10.85 trillion.

Thirty - Two (32) stocks appreciated in price during the week, lower than the seventy-four (74) in the preceding week. Mobil Oil Nigeria Plc led on the gainers’ table with a gain of N20.17 to close at N217.04 per share while Chevron Oil Nigeria Plc followed with N16.51 to close at N372.00 per share. Other price gainers in the Top 10 category include:

• Guinness Nigeria Plc - N4.99

• Oando Plc - N3.99

• BOC Gases Plc - N2.91

• First Bank of Nigeria Plc - N1.91

• First City Monument Bank Plc - N1.85

• Ecobank Transnational Inc. - N1.72

• Eterna Oil & Gas Plc - N1.49

• PZ Cussons Nigeria Plc - N1.41

Eighty - One (81) stocks depreciated in price during the week, higher than the thirty-eight (38) in the preceding week. Dangote Sugar Refinery Plc led on the price losers’ table, dropping by
N4.01 to close at N29.99 per share while Presco Plc followed with a loss of N73.59 to close at N12.39 per share. Other price losers in the Top 10 category include:

• Cadbury Nigeria Plc - N2.30

• United Bank for Africa Plc. - N2.20

• Dangote Flour Mills Plc - N2.18

• Japaul Oil & Maritime Services Plc - N2.05

• Oceanic Bank International Plc - N1.78

• DN Meyer Plc - N1.68

• May & Baker Nigeria Plc - N1.58

• Prestige Assurance Co. Plc - N1.46

Four equity prices were adjusted for dividend and/or bonus as recommended by the Board of Directors. Big Treat Plc was adjusted for dividend of N0.10 per share. Prestige Assurance Plc was adjusted for dividend of N0.20 per share and bonus of 1 for 4. International Energy Insurance Plc was adjusted for dividend of N0.09 per share. Longman Nigeria Plc was adjusted for dividend of N1.00 per share.

…Supplementary Listings
A total of 429,996,932 shares were added to the shares outstanding in the name of Prestige Assurance Plc following the bonus of 1 for 4. Also, a total of 223,000,834 shares were added to the shares outstanding in the name of Access Bank Plc on Tuesday, July 8, 2008 following the conversion of part of the bank’s N13.5 billion Redeemable Bond 2010. Similarly, a total of 12,499,487,995 shares were added to the shares outstanding in the name of Fidelity Bank Plc on Tuesday, July 8, 2008 following the conclusion of hybrid offer made up of public offering of 5,501,100,421 shares, Rights offering of 498,899,579 shares and supplementary allotment of 6,498,899,579 shares.

Change of Name and Sector Reclassification
The name of Crusader Insurance (Nig) Plc was changed to Crusader (Nig) Plc following business restructuring. Also, the company was moved from the Insurance sector and listed in the “Other Financial Institutions” sector.

Delisting
The N2.46 billion Special FGB Bond 2012 for Local Contractors Debt was delisted from the Daily Official List. By this action, the number of FGN Bonds and securities dropped to 41 and 316 respectively.

Technical Suspension
This was imposed on Eterna Oil & Gas Plc on Thursday, July 10, 2008 on receiving the Company’s application to undertake supplementary share offering. Also, it was imposed on First Aluminium Nigeria Plc on Friday, July 11, 2008 on receiving the Company’s application to undertake supplementary share offering.
COMPANY NEWS
INTERCONTINENTAL BANK PLC: Unaudited result for the first quarter ended 31st May 2008 shows Gross Earnings of N60.9 billion, as against N28.75 billion in the comparable period of 2007. Profit after tax stood at N7.82 billion compared with N4.7 billion in 2007.

C & I LEASING PLC: Audited result for the year ended 31st January 2008. The Directors had earlier recommended a final dividend of N0.06 per share. The date of closure of register of members is August 4, 2008 while payment date is August 28, 2008.

SOVEREIGN TRUST INSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N2.5 billion as against N1.42 billion in 2006. Profit after tax stood at N357.8 million compared with N233.8 million in 2006. The Directors are recommending a dividend of N0.06 per share and bonus of 1 for 5. The date of closure of register of members is July 23, 2008 while payment date is September 7, 2008. The Annual General Meeting (AGM) of shareholders is scheduled to hold at Diamond Hall, Golden Gate Restaurant, 25B Glover Road, Ikoyi, Lagos on Tuesday, August 12, 2008.

STACO INSURANCE PLC: Audited result for the year ended 31st December 2007. The Directors earlier recommended a dividend of N0.12 per share. The date of closure of register of members is July 21, 2008 while payment date is August 4, 2008.

MAY & BAKER NIGERIA PLC: Audited result for the year ended 31st December 2007. The Directors are recommending a dividend of N0.40 per share. The date of closure of register of members is September 4, 2008 while payment date would be advised later.

ASSOCIATED BUS CO. PLC: Audited result for the year ended 31st December 2007 shows Turnover of N3.13 billion as against N2.71 billion in 2006. Profit after tax stood at N141.25 million compared with N143.01 million in 2006. The Directors are recommending a dividend of N0.08 per share. The date of closure of register of members is August 7, 2008 while payment date is September 3, 2008.

ASSOCIATED BUS CO. PLC: Unaudited result for the first quarter ended 31st March 2008 shows Turnover of N830.3 million, as against N716.3 million in the comparable period of 2007. Profit after tax stood at N62.9 million compared with N50.2 million in 2007.

CONSOLIDATED HALLMARK INSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N1.51 billion as against N508.4 million in 2006. Profit after tax and deferred tax stood at N230.01 million compared with N56.9 million in 2006.

RED STAR EXPRESS PLC: Audited result for the year ended 31st March 2008 shows Turnover of N3.1 billion as against N2.7 billion in 2007. Profit after tax stood at N195.7 million compared with N118.5 million in 2007. The Directors earlier recommended a dividend of N0.25 per share. The date of closure of register of members is July 24, 2008 while payment date is July 29, 2008.

EKOCORP PLC: Audited result for the year ended 31st December 2007 shows Turnover of N532.75 million as against N457.7 million in 2006. Profit after tax stood at N72.2 million compared with N65.61 million in 2006. The Directors are recommending a dividend of N0.15 per share. The date of closure of register of members is August 25, 2008 while payment date is September 8, 2008.
STOKVIS NIGERIA PLC: Audited result for the year ended 31st December 2007 shows Turnover of N2.31 million as against N1.22 million in 2006. Loss before tax stood at N0.714 million compared with N4.3 million in 2006.

NAMPAK NIGERIA PLC: Audited result for the year ended 30th September 2007. The date of closure of register of members is July 21, 2008

CHEVRON OIL NIGERIA PLC: Unaudited result for the first quarter ended 31st March 2008 shows Turnover of N8.6 billion, as against N18.34 billion in the comparable period of 2007. Loss after tax stood at N190.63 million compared with profit after tax of N531.24 million in 2007. The company’s result was affected by the strike action embarked upon by the Transport union that lasted for about two months. The company is back into full operations and efforts are being made to recover lost volume.

REPORT ON THE OTC MARKET FOR FGN BONDS
A turnover of 206.9 million units worth N210.65 billion in 1505 deals was recorded this week, in contrast to a total of 280.3 million units valued at N281.2 billion exchanged in 2120 deals during the week ended July 3, 2008. The most active bond (measured by turnover volume) was the 3rd FGN Bond 2009 Series 11 with a traded volume of 38.7 million units valued at N42.73 billion in 387 deals.

Market Report

18 July 2008
Source: Nigerian Stock Exchange

A turnover of 3.4 billion shares worth N40.83 billion in 71,899 deals was recorded this week, in contrast to a total of 5.8 billion shares valued at N42.12 billion exchanged last week in 88,146 deals.

There were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.

The Insurance subsector was the most active during the week (measured by turnover volume), with 1.50 billion shares worth N2.54 billion exchanged by investors in 11,362 deals. Volume in the Insurance subsector was largely driven by activity in the shares of Investment and Allied Assurance Plc. Trading in the shares of the Insurance Company accounted for 1.02 billion shares, representing 68.32% of the subsector’s turnover.

The Banking subsector, boosted by activity in the shares of First City Monument Bank Plc, First Bank of Nigeria Plc and Union Bank of Nigeria Plc, followed on the week’s activity chart with a turnover of 1.2 billion shares valued at N29.14 billion in 36,130 deals.

Last week, the Insurance subsector led on the activity chart and was followed by the Banking subsector.

Price Movement:
The All-Share Index dropped by 4.35% to close on Friday at 52,286.88. The market capitalization of the 209 First -Tier equities closed lower at N10.47 trillion.

Eighteen (18) stocks appreciated in price during the week, lower than the thirty-two (32) in the preceding week. Also, as in the preceding week, Mobil Oil Nigeria Plc led on the gainers’ table with a gain of N34.20 to close at N251.24 per share while Union Bank of Nigeria Plc followed with N6.06 to close at N42.00 per share. Other price gainers in the Top 10 category include:

• BOC Gases Plc - N3.42

• Chemical & Allied Products Plc - N2.70

• UACN Plc - N1.86

• Longman Nigeria Plc - N1.21

• Starcomms Plc - N0.92

• Nigerian-German Chemicals Plc - N0.92

• Afribank Nigeria Plc - N0.75

• Ferdinand Oil Mills Plc - N0.54

Ninety - One (91) stocks depreciated in price during the week, higher than the eighty-one (81) in the preceding week. Chevron Oil Nigeria Plc led on the price losers’ table, dropping by N36.27 to close at N335.73 per share while Flour Mills Nigeria Plc followed with a loss of N9.85 to close at N75.05 per share. Other price losers in the Top 10 category include:

• Guinness Nigeria Plc - N6.96

• Conoil Plc . - N4.99

• Ashaka Cement Plc - N4.92

• Lafarge WAPCO Plc - N4.30

• Costain (WA) Plc - N3.50

• Unilever Nigeria Plc - N3.10

• Stanbic IBTC Bank Plc - N3.08

• Nigerian Aviation Handling Co. Plc - N2.95

New Listing
The 6,878,478,096 shares in favour of Starcomms Plc were admitted to the Daily Official List at a price of N13.65 per share on Monday, July 14, 2008 by way of Introduction. The shares were listed in the newly created Telecommunications subsector. By this action, the number of listed companies and securities increased to 224 and 317, respectively.

Full Suspension
This was imposed on Cadbury Nigeria Plc on Thursday, July 17, 2008 and would remain in place until the Company complies with the decisions of the Administrative Proceedings Committee (APC).

COMPANY NEWS
FIRST BANK OF NIGERIA PLC: Audited result for the year ended 31st March 2008 shows Gross Earnings of N155.3 billion as against N91.2 billion in 2007. Profit after tax stood at N36.54 billion compared with N20.64 billion in 2007. The Directors are recommending a dividend of N1.20 per share and bonus of 1 for 4. The date of closure of register of members is August 8, 2008 while payment date is August 29, 2008.

ACCESS BANK PLC: Audited result for the year ended 31st March 2008 shows Gross Earnings of N58 billion as against N27.9 billion in 2007. Profit after tax stood at N15.85 billion compared with N6.1 billion in 2007. The Directors are recommending a dividend of N0.65 per share. The date of closure of register of members is July 29, 2008 while payment date is August 12, 2008. The 19th Annual General Meeting (AGM) of shareholders is scheduled to hold at Lagoon Restaurant, Ozumba Mbadiwe Avenue, Victoria Island, Lagos on Tuesday, August 5, 2008 by 11.00a.m.

STANBIC IBTC BANK PLC: Audited result for the 9-month ended 31st December 2007 shows Gross Earnings of N28.9 billion as against N21.12 billion during the 12-month ended 31st March 2007. Profit after tax stood at N7.85 billion compared with N5.8 billion during the 12-month ended 31st March 2007. The Directors are recommending a dividend of N0.30 per share. The date of closure of register of members is July 17, 2008 while payment date would be advised later.

OCEANIC BANK INTERNATIONAL PLC: Unaudited result for the third quarter ended 30th June 2008 shows Gross Earnings of N106.74 billion, as against N47.52 billion in the comparable period of 2007. Profit after tax stood at N33.61 billion compared with N13.63 billion in 2007.

UNITED BANK FOR AFRICA PLC: Unaudited result for the third quarter ended 30th June 2008 shows Gross Earnings of N120.3 billion, as against N75.25 billion in the comparable period
of 2007. Profit after tax and exceptional items stood at N28.85 billion compared with N17.13 billion in 2007.

SKYE BANK PLC: Unaudited result for the third quarter ended 30th June 2008 shows Gross Earnings of N47.3 billion, as against N28.8 billion in the comparable period of 2007. Profit after tax stood at N10.9 billion compared with N3.25 billion in 2007.

AIICO INSURANCE PLC: Unaudited result for the first quarter ended 31st March 2008 shows Gross Premium of N2.03 billion, as against N752.73 million in the comparable period of 2007. Profit after tax stood at N402 million compared with N82.3 million in 2007.

NIGERIAN BREWERIES PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N68.05 billion, as against N51.9 billion in the comparable period of 2007. Profit after tax stood at N12.34 billion compared with N8.5 billion in 2007.

NATIONAL SALT CO. NIG. PLC: Unaudited result for the first quarter ended 31st March 2008 shows Turnover of N3.6 billion, as against N2.33 billion in the comparable period of 2007. Profit after tax stood at N642.9 million compared with N516.0 million in 2007.

NIGERIAN ENAMELWARE PLC: Unaudited result for the half year ended 31st March 2008 shows Turnover of N1.32 billion, as against N1.23 billion in the comparable period of 2007. Profit after tax stood at N14.33 million compared with N8.2 million in 2007.

NEM INSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N2.55 billion as against N853.6 million in 2006. Profit after tax stood at N399.81 million compared with N8.8 million in 2006. The Directors are recommending a dividend of N0.05 per share. The date of closure of register of members is July 30, 2008 while payment date is August 21, 2008.

REGENCY ALLIANCE INSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N783.9 million as against N332.35 million in 2006. Profit after tax stood at N237.54 million compared with N215.23 million in 2006. The Directors are recommending a bonus of 1 for 4. The date of closure of register of members is August 5, 2008.

ETERNA OIL & GAS PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N3.7 billion, as against N3.3 billion in the comparable period of 2007. Profit after tax stood at N57.5 million compared with N30.9 million in 2007.

REPORT ON THE OTC MARKET FOR FGN BONDS
A turnover of 129.03 million units worth N131.3 billion in 1092 deals was recorded this week, in contrast to a total of 206.9 million units valued at N210.65 billion exchanged in 1505 deals during the week ended July 10, 2008. As in the preceding week, the most active bond (measured by turnover volume) was the 3rd FGN Bond 2009 Series 11 with a traded volume of 21.9 million units valued at N24.3 billion in 219 deals

(sent to me by investordelight.com)

Market Report

25 July 2008
Source: Nigerian Stock Exchange

A turnover of 4.05 billion shares worth N43.75 billion in 73,782 deals was recorded this week, in contrast to a total of 3.4 billion shares valued at N40.83 billion exchanged last week in 71,899 deals.



There were no transactions in the Federal Government Development Stocks, State Government Bonds and Preference Stocks sectors.



The Insurance subsector was the most active during the week (measured by turnover volume), with 2 billion shares worth N2.42 billion exchanged by investors in 10,713 deals. Volume in the Insurance subsector was largely driven by activity in the shares of Investment and Allied Assurance Plc. Trading in the shares of the Insurance Company accounted for 1.51 billion shares, representing 76% of the subsector’s turnover.



The Banking subsector, boosted by activity in the shares of Intercontinental Bank Plc, First City Monument Bank Plc and First Bank of Nigeria Plc, followed on the week’s activity chart with a turnover of 1.44 billion shares valued at N31.26 billion in 38,426 deals.

Last week, the Insurance subsector led on the activity chart and was followed by the Banking subsector.



Price Movement:

The All-Share Index dropped by 3.57% to close on Friday at 50,422.78. The market capitalization of the 209 First -Tier equities closed lower at N10.10 trillion.

Nineteen (19) stocks appreciated in price during the week, higher than the eighteen (18) in the preceding week. Julius Berger Nigeria Plc led on the gainers’ table with a gain of N5.73 to close at N120.33 per share while Ecobank Transnational Incorporated followed with N2.53 to close at N40.13 per share. Other price gainers in the Top 10 category include:



• Ikeja Hotel Plc - N1.18



• Nestle Nigeria Plc - N1.00



• May & Baker Nigeria Plc - N0.94



• Ferdinand Oil Mills Plc - N0.68



• RT Briscoe (Nig) Plc - N0.27



• FTN Cocoa Processors Plc - N0.25



• First City Monument Bank Plc - N0.23



• Roads Nigeria Plc - N0.20



Ninety - Two (92) stocks depreciated in price during the week, higher than the ninety-one (91) in the preceding week. Also as in the preceding week, Chevron Oil Nigeria Plc led on the price losers’ table, dropping by N75.92 to close at N259.81 per share while Mobil Oil Nigeria Plc followed with a loss of N31.04 to close at N220.20 per share. Other price losers in the Top 10 category include:



• Flour Mills Nigeria Plc - N15.10



• Oando Plc . - N11.00



• Conoil Plc - N9.24



• Lafarge WAPCO Plc - N6.40



• PZ Cussons Nigeria Plc - N4.68



• The Okomu Oil Palm Plc - N4.04



• UACN Plc - N3.85



• Costain (WA) Plc - N3.45



Three equity prices were adjusted for dividend and/or bonus as recommended by the Board of Directors. Sovereign Trust Insurance Plc was adjusted for dividend of N0.06 and bonus of 1 for 5. STACO Insurance Plc was adjusted for Dividend of N0.12 per share. Red Star Express Plc was adjusted for dividend of N0.25 per share.



New Listing

The 2,000,000,000 shares in favour of FTN Cocoa Processors Plc were admitted to the Daily Official List at a price of N2.50 per share on Thursday, July 24, 2008 by way of Introduction. The shares were listed in the Agriculture/Agro-Allied subsector. By this action, the number of listed companies and securities increased to 225 and 318, respectively.



…Supplementary Listing

A total of 648,633,443 shares were added to the shares outstanding in the name of Sovereign Trust Insurance Plc following the bonus of 1 for 5.



Suspension

Technical suspension was imposed on Union Bank of Nigeria Plc on Monday, July 21, 2008 on receiving the bank’s application to undertake supplementary share offering. Meanwhile, the full suspension on John Holt Plc was lifted having received satisfactory explanations from the Board of Directors on the dwindling fortunes of the company and plans to resuscitate the company. However, full suspension was imposed on BAICO Insurance Plc on Friday, July 25, 2008 having received notification from National Insurance Commission (NAICOM) that the Insurance Company did not meet the minimum recapitalization requirement.



COMPANY NEWS

STANBIC IBTC BANK PLC: Audited result for the 9-month ended 31st December 2007. The Directors are recommending a dividend of N0.25 per share. The date of closure of register of members was July 17, 2008 while payment date would be advised later. This announcement supersedes the N0.30 proposed dividend by the bank during the week ending July 18, 2008.



STANBIC IBTC BANK PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Earnings of N40.12 billion, as against N7.7 billion in the comparable period of 2007. Profit after tax stood at N8.2 billion compared with N2.2 billion in 2007.


FLOUR MILLS OF NIGERIA PLC: Audited result for the year ended 31st March 2008 shows Turnover of N127.7 billion as against N105.7 billion in 2007. Profit after tax stood at N6.4 billion compared with N7.5 billion in 2007. The Directors are recommending a dividend of N1.00 per

share and bonus of 1 for 10. The date of closure of register of members is August 11, 2008 while payment date is September 18, 2008.



NIGERIAN BAG MANUFACTURING CO. PLC: Audited result for the year ended 31st March 2008 shows Turnover of N11.81 billion as against N11.0 billion in 2007. Profit after tax stood at N303.55 million compared with N1.1 billion in 2007. The Directors are recommending a dividend of N0.05 per share. The date of closure of register of members is August 15, 2008 while payment date is September 16, 2008.



ACADEMY PRESS PLC: Audited result for the year ended 31st March 2008 shows Turnover of N1.6 billion as against N1.42 billion in 2007. Profit after tax stood at N111.8 million compared with N79.14 million in 2007. The Directors are recommending a dividend of N0.06 per share and bonus of 1 for 2. The date of closure of register of members is August 11, 2008 while payment date is September 17, 2008.



NATIONAL SPORTS LOTTERY PLC: Audited result for the first quarter ended 31st March 2008. The Directors had earlier recommended an interim dividend of N0.10 per share. The date of closure of register of members is August 29, 2008 while payment date is September 15, 2008.



NATIONAL SPORTS LOTTERY PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N3.5 billion, as against N79 million during the year ended December 31, 2007. Profit before tax stood at N2.6 billion compared with loss after tax of N238 million during the year ended December 31, 2007.



REGENCY ALLIANCE INSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N1.21 billion as against N671.92 million in 2006. Profit after tax stood at N237.54 million compared with N215.23 million in 2006. The Directors are recommending a bonus of 1 for 4. The date of closure of register of members is August 5, 2008. The Annual General Meeting (AGM) of shareholders is scheduled to hold at Ruby Hall, Golden Gate Chinese Restaurant, 25B Glover Road, Ikoyi Lagos on August 12, 2008 by 12noon.



ACCESS BANK PLC: Unaudited result for the first quarter ended 30th June 2008 shows Gross Earnings of N20.6 billion, as against N11.12 billion in the comparable period of 2007. Profit after tax stood at N6.11 billion compared with N3.1 billion in 2007.



NIGERIAN AVIATION HANDLING CO. PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N2.35 billion, as against N1.7 billion in the comparable period of 2007. Profit after tax stood at N453.95 million compared with N238.12 million in 2007.



UNILEVER NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N19.15 billion, as against N15.9 billion in the comparable period of 2007. Profit after tax stood at N1.72 billion compared with N586 million in 2007.



UACN PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N22 billion, as against N17.6 billion in the comparable period of 2007. Profit after tax and minority interest stood at N1.8 billion compared with N1.2 million in 2007.



UACN PROPERTY DEVELOPMENT CO. PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N5.25 billion, as against N2.4 billion in the comparable period of 2007. Profit after tax stood at N1.74 billion compared with N615.7 million in 2007.

CONOIL PLC: Unaudited result for the first quarter ended 31st March 2008 shows Turnover of N32.9 billion, as against N16.14 billion in the comparable period of 2007. Profit after tax stood at N1.1 billion compared with N429 million in 2007.



DN MEYER PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N1.11 billion, as against N961 million in the comparable period of 2007. Profit after tax stood at N34.8 million compared with N21.1 million in 2007.



LONGMAN NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N1.03 billion, as against N664.7 million in the comparable period of 2007. Profit after tax stood at N36.3 million compared with N20.9 million in 2007.



CHEMICAL & ALLIED PRODUCTS PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N1.2 billion, as against N1.02 billion in the comparable period of 2007. Profit after tax and extra-ordinary items stood at N336.65 million compared with N594.5 million in 2007.



DEAP CAPITAL MANAGEMENT & TRUST PLC: Unaudited result for the third quarter ended 30th June 2008 shows Turnover of N1.2 billion, as against N418.5 million in the comparable period of 2007. Profit after tax stood at N626.23 million compared with N171.4 million in 2007.



ASO SAVINGS & LOANS PLC: Unaudited result for the first quarter ended 30th June 2008 shows Turnover of N2.42 billion, as against N1.6 billion in the comparable period of 2007. Profit after tax stood at N674.6 million compared with N223.8 million in 2007.



AG LEVENTIS (NIG) PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N5.1 billion, as against N3.2 billion in the comparable period of 2007. Profit after tax stood at N488 million compared with N247.7 million in 2007.



PRESCO PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N1.7 billion, as against N1.05 billion in the comparable period of 2007. Profit after tax stood at N565.1 million compared with N211.4 million in 2007.



INTERLINKED TECHNOLOGIES PLC: Unaudited result for the third quarter ended 31st March 2008 shows Turnover of N120.45 million, as against N76.55 million in the comparable period of 2007. Profit after tax stood at N30.7 million compared with N2.31 million in 2007.



CRUSADER (NIGERIA) PLC: Unaudited result for the first quarter ended 31st March 2008 shows Turnover of N1.2 billion, as against N757.25 million in the comparable period of 2007. Profit after tax stood at N485.53 million compared with N196.05 million in 2007.



ROYAL EXCHANGE ASSURANCE (NIGERIA) PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N2.1 billion, as against N1.65 billion in the comparable period of 2007. Profit after tax stood at N81.7 million compared with N62 million in 2007.



ELLAH LAKES PLC: Unaudited result for the third quarter ended 30th April 2008 shows Turnover of N31 million, as against N32.03 million in the comparable period of 2007. Profit before tax stood at N7.7 million compared with N2.81 million in 2007.


REPORT ON THE OTC MARKET FOR FGN BONDS

A turnover of 232.62 million units worth N232.6 billion in 2001 deals was recorded this week, in contrast to a total of 129.03 million units valued at N131.3 billion exchanged in 1092 deals during the week ended July 17, 2008. The most active bond (measured by turnover volume) was the 5th FGN Bond 2018 Series 2 with a traded volume of 24.6 million units valued at N22.42 billion in 230 deals.

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[b]IGI Nigeria

I gather that IGI is scheduled to have an AGM on Tuesday, July 29 2008. Venue is yet to be confirmed.

Shareholders (and those still awaiting certificates) to contact the company directly and request for details of the statutory.

IKEJA HOTELS PLC

Ikeja Hotels Plc has been placed on technical suspension on the floors of the Nigerian Stock Exchange upon receipt of its application to raise funds.
For stock information and tips,
visit: http://stock707..com/

Market Report
1 August, 2008
Source: Nigerian Stock Exchange (via InvestorDelight.com)

A turnover of 3.11 billion shares worth N38.16 billion in 72,680 deals was recorded this week, in contrast to a total of 4.05 billion shares valued at N43.75 billion exchanged last week in 73,782 deals.

There were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.

The Insurance subsector was the most active during the week (measured by turnover volume), with 1.3 billion shares worth N2.05 billion exchanged by investors in 10,433 deals. Volume in the Insurance subsector was largely driven by activity in the shares of Investment and Allied Assurance Plc. Trading in the shares of the Insurance
Company accounted for 811.8 million shares, representing 62.7% of the subsector’s turnover.

The Banking subsector, boosted by activity in the shares of First City Monument Bank Plc and Fidelity Bank Plc, followed on the week’s activity chart with a turnover of 1.2 billion shares valued at N24.65 billion in 37,592 deals.

Last week, the Insurance subsector led on the activity chart and was followed by the Banking subsector.

Price Movement:
The All-Share Index rose by 4.04% to close on Friday at 52,641.55. The market capitalization of the 209 First -Tier equities closed higher at N10.55 trillion.
Eighty (80) stocks appreciated in price during the week, higher than the nineteen (19) in the preceding week. Mobil Oil Nigeria Plc led on the gainers’ table with a gain of N33.80 to close at N254.00 per share while Julius Berger Nigeria Plc followed with N25.91 to close at N146.24 per share. Other price gainers in the Top 10 category include:

• Flour Mills Nigeria Plc - N8.05

• Unilever Nigeria Plc - N4.97

• Benue Cement Company Plc - N4.85

• Cadbury Nigeria Plc - N4.70

• UACN Plc - N4.42

• PZ Cussons Nigeria Plc - N4.13

• Guinness Nigeria Plc - N4.00

• UACN Property Development Co. Plc - N3.99

Twenty – Six (26) stocks depreciated in price during the week, lower than the ninety-two (92) in the preceding week. Three Petroleum (Marketing) Stocks led on the losers table. Chevron Oil Nigeria Plc led dropping by N46.05 to close at N213.76 per share while Oando Plc followed with a loss of N17.99 to close at N170.01 per share. Other price losers in the Top 10 category include:

• Total Nigeria Plc - N9.50

• Nig. Enamelware Plc . - N8.61

• Nestle Nigeria Plc - N4.24

• 7-Up Bottling Co. Plc - N2.58

• G Cappa Plc - N1.47

• PlatinumHabib Bank Plc - N1.46

• Neimeth International Pharmaceuticals Plc - N1.43

• Ashaka Cement Plc - N1.00

Two equity prices were adjusted for dividend as recommended by the Board of Directors. Access Bank Plc was adjusted for dividend of N0.65 per share while NEM Insurance Plc was adjusted for dividend of N0.05 per share.

COMPANY NEWS
CONOIL PLC: Audited result for the year ended 31st December 2007 shows Turnover of N86.85 billion as against N90.52 billion in 2006. Profit after tax stood at N2.6 billion compared with N2.81 billion in 2006. The Directors are recommending a dividend of N2.75 per share. The date of closure of register of members is August 4, 2008 while payment date is September 19, 2008.

PZ INDUSTRIES PLC: Audited result for the year ended 31st May 2008 shows Turnover of N65.94 billion as against N54.22 billion in 2007. Profit after tax, exceptional items and minority interest stood at N3.95 billion compared with profit after tax and minority interest of N3.51 billion in 2007. The Directors are recommending a dividend of N0.62 per share. The date of closure of register of members is August 25, 2008 while payment date is September 11, 2008.

CAPPA & D”ALBERTO PLC: Audited result for the year ended 31st December 2007. The Directors are recommending a dividend of N0.50 per share. The date of closure of register of members is October 2, 2008 while payment date would be advised later.

ASSOCIATED BUS COMPANY PLC: Audited result for the year ended 31st December 2007 shows Turnover of N3.13 billion as against N2.71 billion in 2006. Profit after tax stood at N141.25 million compared with N143.01 million in 2006. The Directors are recommending a dividend of N0.08 per share. The date of closure of register of members is August 7, 2008 while payment date is September 7, 2008.

ASO SAVINGS & LOANS PLC: Audited result for the year ended 31st March 2008 shows Gross Earnings of N7.1 billion as against N2 billion in 2007. Profit after tax stood at N1.1 billion compared with N276.62 million in 2007. The Directors are recommending a dividend of N0.05 per share. The date of closure of register of members is October 6, 2008 while payment date is October 24, 2008.

LASACO ASSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N1.84 billion as against N1.6 billion in 2006. Profit after tax stood at N678.11 million compared with N171.35 million in 2006. The Directors are recommending a dividend of N0.08 per share. The date of closure of register of members is August 8, 2008 while payment date is September 4, 2008. The 28th Annual General Meeting (AGM) of shareholders is scheduled to hold on Thursday, September 4, 2008 by 11.00a.m. The venue would be advised later

ROYAL EXCHANGE ASSURANCE (NIG) PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N2.7 billion as against N2.14 billion in 2006. Profit after tax stood at N543.64 million compared with profit after tax and exceptional items of N178.71 million in 2006. The Directors are recommending a bonus of 1 for 10. The date of closure of register of members was June 30, 2008.

GREAT NIGERIA INSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N608.04 million as against N289.74 million in 2006. Profit after tax stood at N90.25 million compared with loss after tax of N155.35 million in 2006.

GREAT NIGERIA INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N563.7 million, as against N425.2 million in the comparable period of 2007. Profit after tax stood at N85.4 million compared with N75.85 million in 2007.

NEM INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N2.32 billion, as against N1.31 billion in the comparable period of 2007. Profit after tax stood at N560.92 million compared with N213.8 million in 2007.

OASIS INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N521.35 million, as against N158.01 million in the comparable period of 2007. Profit after tax stood at N138.05 million compared with N17.11 million in 2007.

CORNERSTONE INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N2.13 billion, as against N1.7 billion in the comparable period of 2007. Profit after tax stood at N438.7 million compared with N330.52 million in 2007.

ASHAKA CEMENT PLC: Audited result for the year ended 31st December 2007 shows Turnover of N16.5 billion as against N16.8 billion in 2006. Profit after tax stood at N1.6 billion compared with N3.4 billion in 2006. The Directors are recommending a bonus of 1 for 6. The date of closure of register of members is August 25, 2008

ECOBANK TRANSNATIONAL INCORPORATED: Unaudited result for the half year ended 30th June 2008 shows Gross Revenue of N61.3 billion, as against N38.02 billion in the comparable period of 2007. Profit after tax stood at N9.0 billion compared with N6.6 billion in 2007.

OANDO PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N124.41 billion, as against N106 billion in the comparable period of 2007. Profit after tax stood at N3.7 billion compared with profit after tax and exceptional items of N2.31 billion in 2007.

STERLING BANK PLC: Unaudited result for the third quarter ended 30th June 2008 shows Gross Earnings of N27.1 billion, as against N16.01 billion in the comparable period of 2007. Profit after tax stood at N4.6 billion compared with N2.5 billion in 2007.

RT BRISCOE (NIG) PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N9.03 billion, as against N8.01 billion in the comparable period of 2007. Profit after tax stood at N391.1 million compared with N326.04 million in 2007.

IKEJA HOTEL PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N3.22 billion, as against N2.5 billion in the comparable period of 2007. Profit after tax stood at N555.61 million compared with N397.84 million in 2007.

LAFARGE WAPCO PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N22.2 billion, as against N19.9 billion in the comparable period of 2007. Profit after tax stood at N4.75 billion compared with N5.82 billion in 2007.

TRIPPLE GEE & CO. PLC: Unaudited result for the first quarter ended 30th June 2008 shows Turnover of N225.6 million, as against N161.82 million in the comparable period of 2007. Profit after tax stood at N26.14 million compared with N16.9 million in 2007.

FIRST ALUMINIUM NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N4.28 billion, as against N4.3 billion in the comparable period of 2007. Loss after tax stood at N13.82 million compared with N171.7 million in 2007.

INVESTMENT & ALLIED ASSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N675.7 million as against N159.2 million in 2006. Profit after tax stood at N304.65 million compared with N54.64 million in 2006. The Directors are recommending a dividend of 0.8 kobo per share. The date of closure of register of members is August 8, 2008 while payment date is September 8, 2008.

INVESTMENT & ALLIED ASSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N611.93 million, as against N354.2 million in the comparable period of 2007. Profit after tax stood at N252.9 million compared with N136.8 million in 2007.

REPORT ON THE OTC MARKET FOR FGN BONDS
A turnover of 371.63 million units worth N368.14 billion in 3413 deals was recorded this week, in contrast to a total of 232.62 million units valued at N232.6 billion exchanged in 2001 deals during the week ended July 24, 2008. As in the preceding week, the most active bond (measured by turnover volume) was the 5th FGN Bond 2018 Series 2 with a traded volume of 34.85 million units valued at N31.51 billion in 287 deals.

Market Report
August 8, 2008
Source: Nigerian Stock Exchange


A turnover of 3.25 billion shares worth N43.71 billion in 72,486 deals was recorded this week, in contrast to a total of 3.11 billion shares valued at N38.16 billion exchanged last week in 72,680 deals.

There were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.

The Insurance subsector was the most active during the week (measured by turnover volume), with 1.4 billion shares worth N2.25 billion exchanged by investors in 10,836 deals. Volume in the Insurance subsector was largely driven by activity in the shares of Investment and Allied Assurance Plc. Trading in the shares of the Insurance Company accounted for 880.7 million shares, representing 63.7% of the subsector’s turnover.

The Banking subsector, boosted by activity in the shares of First Bank of Nigeria Plc, First City Monument Bank Plc and Afribank Nigeria Plc, followed on the week’s activity chart with a turnover of 1.3 billion shares valued at N30.22 billion in 38,082 deals.

Last week, the Insurance subsector led on the activity chart and was followed by the Banking subsector.

Price Movement:

The All-Share Index dropped by 5.6% to close on Friday at 49,703.56. The market capitalization of the 209 First -Tier equities closed lower at N10.12 trillion.

Seventeen (17) stocks appreciated in price during the week, lower than the eighty (80) in the preceding week. Chevron Oil Nigeria Plc led on the gainers’ table with a gain of N10.68 to close at N224.44 per share while Mobil Oil Nigeria Plc followed with N10.00 to close at N264.00 per share. Other price gainers in the Top 10 category include:



• BOC Gases Plc - N3.15



• UACN Plc - N2.44



• Intercontinental WAPIC Insurance Plc - N1.66



• 7-Up Bottling Company Plc - N1.24



• Presco Plc - N1.03



• Red Star Express Plc - N0.75



• IPWA Plc - N0.49



• Academy Press Plc - N0.47

Eighty - Eight (88) stocks depreciated in price during the week, higher than the twenty - six (26) in the preceding week. Julius Berger Nigeria Plc led on the price losers’ table, dropping by N103.12 to close at N43.12 per share while Nestle Nigeria Plc followed with a loss of N17.26 to close at N199.50 per share. Other price losers in the Top 10 category include:



• First Bank of Nigeria Plc - N11.44



• Benue Cement Company Plc. - N6.40



• Costain (WA) Plc - N3.58



• PZ Cussons Nigeria Plc - N3.44



• Cadbury Nigeria Plc - N3.31



• Nigerian Aviation Handling Co. Plc - N3.02



• Guinness Nigeria Plc - N3.02



• Conoil Plc - N2.75

Eight equity prices were adjusted for dividend and or bonus as recommended by the Board of Directors. Julius Berger Nigeria Plc was adjusted for dividend of N1.25 per share and bonus of 3 for 1.

Julius Berger Nigeria Plc was adjusted for special dividend of N3.75 per share. First Bank of Nigeria Plc was adjusted for dividend of N1.20 per share and bonus of 1 for 4. Conoil Plc was adjusted for dividend of N2.75 per share.

Associated Bus Company Plc was adjusted for dividend of N0.08 per share. C & I Leasing Plc was adjusted for final dividend of N0.06 per share. Lasaco Assurance Plc was adjusted for dividend of N0.08 per share.

Investment and Allied Assurance Plc was adjusted for dividend of 0.8 kobo per share. Regency Alliance Insurance Plc was adjusted for bonus of 1 for 4.

…Supplementary Listings

A total of 4,972,508,093 shares were added to the shares outstanding in the name of First Bank of Nigeria Plc following the bonus of 1 for 4. A total of 760,653,675 shares were added to the shares outstanding in the name of Costain (WA) Plc on Monday, August 4, 2008 following the conclusion of the hybrid offering and the subsequent supplementary offer. A total of 900,000,000 shares were added to the shares outstanding in the name of Julius Berger Nigeria Plc following the bonus of 3 for 1. A total of 1,212,500,000 shares were added to the shares outstanding in the name of Regency Alliance Insurance Plc following the bonus of 1 for 4.

COMPANY NEWS

DIAMOND BANK PLC: Audited result for the year ended 30th April 2008 shows Gross Earnings of N60.44 billion as against N39.9 billion in 2007. Profit after tax stood at N12.82 billion compared with N5.8 billion in 2007. The Directors are recommending a dividend of N0.56 per share and bonus of 1 for 10. The date of closure of register of members is August 15, 2008 while payment date is August 28, 2008. The Annual General Meeting (AGM) of shareholders is scheduled to hold at Shell Hall, Muson Centre, Onikan, Lagos on Thursday, August 28, 2008 by 11.00a.m.

DIAMOND BANK PLC: Unaudited result for the first quarter ended 31st July 2008 shows Gross Earnings of N21.8 billion, as against N10.44 billion in the comparable period of 2007. Profit after tax stood at N4.71 billion compared with N2.012 billion in 2007.

INTERCONTINENTAL WAPIC INSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N3.9 billion as against N3.15 billion in 2006. Profit after tax stood at N533.33 million compared with N701.12 million in 2006. The Directors are recommending a dividend of N0.125 per share and bonus of 1 for 5. The date of closure of register of members is August 11, 2008 while payment date is August 28, 2008.

AIICO INSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N5.25 billion as against N3.41 billion in 2006. Profit after tax stood at N304.71 million compared with N483.7 million in 2006.

IPWA PLC: Audited result for the year ended 31st December 2007 shows Turnover of N485.7 million as against N303.92 million in 2006. Profit after tax stood at N68.52 million compared with loss after tax of N50.2 million in 2006. The Directors are recommending a dividend of N0.02 per share. The date of closure of register of members is August 25, 2008 while payment date is September 22, 2008.

NEIMETH INTERNATIONAL PHARMACEUTICAL PLC: Audited result for the year ended 31st March 2008 shows Turnover of N1.95 billion as against N1.5 billion in 2007. Profit after tax stood at N98.3 million compared with N116.41 million in 2007. The Directors are recommending a dividend of N0.12 per share and bonus of 1 for 4. The date of closure of register of members is August 29, 2008 while payment date would be advised later.

ALUMINUM EXTRUSION INDUSTRIES PLC: Audited result for the year ended 31st December 2007 shows Turnover of N1.04 billion as against N864.3 million in 2006. Profit after tax stood at N51.7 million compared with N20.7 million in 2006.

ECOBANK NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Earnings of N25.04 billion, as against N16.1 billion in the comparable period of 2007. Profit after tax stood at N4.1 billion compared with N3.42 billion in 2007.

THE OKOMU OIL PALM PLC: Unaudited result for the first quarter ended 31st March 2008 shows Turnover of N1.8 billion, as against N924.4 million in the comparable period of 2007. Profit after tax stood at N889.31 million compared with N263.12 million in 2007.

JAPAUL OIL & MARITIME SERVICES PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N1.5 billion, as against N1.0 billion in the comparable period of 2007. Profit after tax stood at N468.5 million compared with N183.6 million in 2007.

TANTALIZERS PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N2.2 billion, as against N1.84 million in the comparable period of 2007. Profit after tax stood at N239.2 million compared with N82.71 million in 2007.

LIVESTOCK FEEDS PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N848.91 million, as against N452.34 million in the comparable period of 2007. Profit after tax stood at N52.32 million compared with N23.72 million in 2007.

TRANS-NATIONWIDE EXPRESS PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N226.64 million, as against N173.72 million in the comparable period of 2007. Profit after tax stood at N25.35 million compared with N25 million in 2007.

FTN COCOA PROCESSORS PLC: Audited result for the 4 months ended 30th April 2008 shows Turnover of N324.6 billion, as against N2.7 billion during the year ended December 31, 2007. Profit after tax stood at N143.2 million compared with profit after tax and extra-ordinary items of N142.8 million during the year ended December 31, 2007.

PRESTIGE ASSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N1.75 billion, as against N1.05 billion in the comparable period of 2007. Profit after tax stood at N383 million compared with N242 million in 2007.

CONSOLIDATED HALLMARK INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N1.41 billion, as against N578.8 million in the comparable period of 2007. Profit after tax stood at N473.7 million compared with N163.8 million in 2007.

STACO INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N1.4 billion, as against N656.52 million in the comparable period of 2007. Profit after tax stood at N680.01 million compared with N301.2 million in 2007.

STANDARD ALLIANCE INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N2.1 billion, as against N1.3 billion in the comparable period of 2007. Profit after tax stood at N577.85 million compared with N231.94 million in 2007.

UNITED NIGERIAN TEXTILES PLC: Audited result for the year ended 31st December 2007 shows Turnover of N18.5 billion as against N20.3 billion in 2006. Loss after tax and exceptional income stood at N1.73 billion compared with loss after tax of N756.5 million in 2006.

UNITED NIGERIAN TEXTILES PLC: Unaudited result for the first quarter ended 31st March 2008 shows Turnover of N3.1 billion, as against N5.14 billion in the comparable period of 2007. Loss after tax stood at N213.54 million compared with N101.4 million in 2007.

REPORT ON THE OTC MARKET FOR FGN BONDS

A turnover of 191 million units worth N189.6 billion in 1650 deals was recorded this week, in contrast to a total of 371.63 million units valued at N368.14 billion exchanged in 3413 deals during the week ended July 31, 2008. The most active bond (measured by turnover volume) was the 4th FGN Bond 2014 Series 3 with a traded volume of 24.4 million units valued at N25.95 billion in 212 deals.

August 15, 2008
Source: Nigerian Stock Exchange


A turnover of 6.4 billion shares worth N47.94 billion in 60,803 deals was recorded this week, in contrast to a total of 3.25 billion shares valued at N43.71 billion exchanged last week in 72,486 deals.



There were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.



The Banking subsector was the most active during the week (measured by turnover volume), with 4.5 billion shares worth N37.4 billion exchanged by investors in 30,244 deals. Volume in the Banking subsector was largely driven by activity in the shares of Spring Bank Plc. Trading in the shares of the Bank accounted for 3.45 billion shares, representing 77.2% of the subsector’s turnover.



The Insurance subsector, boosted by activity in the shares of Investment & Allied Assurance Plc, followed on the week’s activity chart with a turnover of 1.42 billion shares valued at N1.7 billion in 8,088 deals.



Last week, the Insurance subsector led on the activity chart and was followed by the Banking subsector.



Price Movement:

The All-Share Index dropped by 4.4% to close on Friday at 47,517.87. The market capitalization of the 210 First -Tier equities closed lower at N9.7 trillion.



Twenty - Six (26) stocks appreciated in price during the week, higher than the seventeen (17) in the preceding week. Also, as in the preceding week, Chevron Oil Nigeria Plc led on the gainers’ table with a gain of N62.00 to close at N286.44 per share while Mobil Oil Nigeria Plc followed with N51.00 to close at N315.00 per share. Other price gainers in the Top 10 category include:



• Julius Berger Nigeria Plc - N9.27



• BOC Gases Plc - N6.36



• The Okomu Oil Palm Plc - N4.86



• Guinness Nigeria Plc - N4.52



• Berger Paints Plc - N2.75



• Longman Nigeria Plc - N2.60



• Neimeth International Pharmaceuticals Plc - N1.43



• 7-Up Bottling Co. Plc - N0.60



Eighty (80) stocks depreciated in price during the week, lower than the eighty-eight (88) in the preceding week. Total Nigeria Plc led on the price losers’ table, dropping by N34.29 to close at N206.21 per share while Oando Plc followed with a loss of N20.30 to close at N149.15 per share. Other price losers in the Top 10 category include:



• UACN Plc - N6.86



• Chemical & Allied Products Plc - N4.88



• Intercontinental Bank Plc - N4.72



• Academy Press Plc - N4.00



• Ashaka Cement Plc - N3.99



• First Bank of Nigeria Plc - N3.32



• Dangote Flour Mills Plc - N3.00



• Lafarge WAPCO Plc - N2.90



Five equity prices were adjusted for dividend and or bonus as recommended by the Board of Directors. Academy Press Plc was adjusted for dividend of N0.06 per share and bonus of 1 for 2. Flour Mills Nigeria Plc was adjusted for dividend of N1.00 per share and bonus of 1 for 10. Nigerian Bag Manufacturing Co. Plc was adjusted for dividend of N0.05 per share. Diamond Bank Plc was adjusted for dividend of N0.56 per share and bonus of 1 for 10. Intercontinental WAPIC Insurance Plc was adjusted for dividend of N0.125 per share and bonus of 1 for 5.



New Listing

The 1,548,780,000 shares in favour of Capital Hotels Plc were admitted to the Daily Official List at a price of N6.50 per share on Thursday, August 14, 2008 by way of Introduction. The shares were listed in the Hotel & Tourism subsector. By this action, the number of listed companies and securities increased to 226 and 319, respectively.



…Supplementary Listings

A total of 100,800,000 shares were added to the shares outstanding in the name of Academy Press Plc following the bonus of 1 for 2. A total of 155,306,666 shares were added to the shares outstanding in the name of Flour Mills Plc following the bonus of 1 for 10. A total of 1,315,931,191 shares were added to the shares outstanding in the name of Diamond Bank Plc following the bonus of 1 for 10. A total of 843,634,000 shares were added to the shares outstanding in the name of Intercontinental WAPIC Insurance Plc the bonus of 1 for 5.



Special Sale

There was Special Sale on the floors of The Exchange on Thursday August 14, 2008 of 637,919,840 shares of Capital Hotels Plc by the Federal Government of Nigeria through the Bureau of Public Enterprises (BPE). The shares would be allocated and sold in the six geo-political zones on specific Trading Floors of The Exchange on specified dates.



Change of Name and Sector Reclassification

The name of Royal Exchange Assurance (Nigeria) Plc was changed to Royal Exchange Assurance Plc following business restructuring. Also, the company was moved from the Insurance sector and listed in the “Other Financial Institutions” sector.



Technical Suspension

The Full Suspension on Spring Bank Plc was downgraded to Technical Suspension on Monday, August 11, 2008. The downgrade became imperative as the management of The Exchange is satisfied with the progress being made at resolving the issues that led to the imposition of the full suspension.

COMPANY NEWS

UNION HOMES SAVINGS & LOANS PLC: Audited result for the year ended 31st March 2008 shows Turnover of N8.92 billion as against N8.4 billion in 2007. Profit after tax stood at N2 billion compared with N1.0 billion in 2007. The Directors are recommending a dividend of N0.10 per share and bonus of 1 for 4. The date of closure of register of members is August 25, 2008 while payment date is September 15, 2008.



ZENITH BANK PLC: Unaudited result for the year ended 30th June 2008 shows Gross Earnings of N158.3 billion, as against N94.9 billion in the comparable period of 2007. Profit after tax stood at N41.04 billion compared with N18.8 billion in 2007.



DANGOTE SUGAR REFINERY PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N43.1 billion, as against N40.8 billion in the comparable period of 2007. Profit after tax stood at N12.84 billion compared with N11.5 billion in 2007. The Directors are recommending an interim dividend of N0.85 per share. The date of closure of register of members is August 29, 2008 while payment date is September 8, 2008.



NESTLE NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N22.9 billion, as against N20.21 billion in the comparable period of 2007. Profit after tax stood at N3.3 billion compared with N3.1 billion in 2007.



TOTAL NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N85.85 billion, as against N66.4 billion in the comparable period of 2007. Profit after tax stood at N2.225 billion compared with N1.4 billion in 2007.



AFRICAN PETROLEUM PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N80.75 billion, as against N48.82 billion in the comparable period of 2007. Profit after tax stood at N3.9 billion compared with N2.15 billion in 2007.



CONOIL PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N75.1 billion, as against N32.83 billion in the comparable period of 2007. Profit after tax stood at N2.65 billion compared with N866 million in 2007.



GLAXO SMITHKLINE CONSUMER PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N6.03 billion, as against N4.4 billion in the comparable period of 2007. Profit after tax stood at N786.05 million compared with N334.75 million in 2007.



RED STAR EXPRESS PLC: Unaudited result for the first quarter ended 30th June 2008 shows Turnover of N967.5 million, as against N745.6 million in the comparable period of 2007. Profit after tax stood at N99.22 million compared with N65.33 million in 2007.



MAY & BAKER NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N2.3 billion, as against N1.6 billion in the comparable period of 2007. Profit after tax stood at N96.2 million compared with N89.1 million in 2007.



CONTINENTAL REINSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N2.6 billion, as against N1.12 billion in the comparable period of 2007. Profit after tax stood at N927.13 million compared with N498.74 million in 2007.

REGENCY ALLIANCE INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N821.25 million, as against N610.43 million in the comparable period of 2007. Profit after tax stood at N176.43 million compared with N90.73 million in 2007.



CUSTODIAN & ALLIED INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N2.01 billion, as against N1.31 billion in the comparable period of 2007. Profit after tax stood at N648.61 million compared with N435.83 million in 2007.



EQUITY ASSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N1.24 billion, as against N1.05 billion in the comparable period of 2007. Profit after tax stood at N504.25 million compared with N188.71 million in 2007.



ALUMINIUM EXTRUSION INDUSTRIES PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N605.7 million, as against N549.8 million in the comparable period of 2007. Profit after tax stood at N29.32 million compared with N18.4 million in 2007.



THOMAS WYATT NIGERIA PLC: Audited result for the year ended 31st March 2008 shows Turnover of N162.75 million as against N121.85 million in 2007. Profit after tax stood at N2.02 million compared with profit after tax and extra-ordinary income of N0.273 million in 2007. The Directors are recommending a bonus of 1 for 10. The date of closure of register of members is September 8, 2008.



FTN COCOA PROCESSORS PLC: Audited result for the 4 months ended 30th April 2008 shows Turnover of N324.6 million, as against N267.1 million during the year ended December 31, 2007. Profit before tax stood at N143.2 million compared with profit after tax and extra-ordinary items of N142.8 million during the year ended December 31, 2007.



STARCOMMS PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N17.4 billion, as against N8.7 billion in the comparable period of 2007. Loss after tax stood at N1.01 billion compared with N381 million in 2007.



EVANS MEDICAL PLC: Audited result for the year ended 31st December 2007 shows Turnover of N3.15 billion as against N2.91 billion in 2006. Loss after tax stood at N317.02 million compared with profit after tax of N132.2 million in 2006. The date of closure of register of members is September 8, 2008.



EVANS MEDICAL PLC: Unaudited result for the first quarter ended 31st March 2008 shows Turnover of N1.2 billion, as against N746.9 million in the comparable period of 2007. Profit after tax stood at N111.0 million compared with loss after tax of N21.0 million in 2007.



NIGERIAN INTERNATIONAL DEBT FUND: Audited result for the year ended 31st December 2007 shows Total investment Income of N180.4 million as against N406.6 million in 2006. The Net loss stood at N85.3 million compared with net profit of N228.93 million in 2006.


REPORT ON THE OTC MARKET FOR FGN BONDS

A turnover of 147.44 million units worth N144.7 billion in 1,339 deals was recorded this week, in contrast to a total of 191 million units valued at N189.6 billion exchanged in 1650 deals during the week ended August 7, 2008. The most active bond (measured by turnover volume) was the 5th FGN Bond 2018 Series 2 with a traded volume of 21.82 million units valued at N20.33 billion in 153 deals.

the best sector to buy nw in the nigeria stock exchange is the insurance sector.
nairaland buy in that sector if u want to make cool cash by mib next year.

thanks

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[size=14pt]FG moves to check NSE meltdown[/size]
From Damilola Oyedele in Abuja, 08.27.2008
Wednesday, August 27, 2008

A 16-man Presidential Advisory team has been constituted by the Federal Government, in its bid to stem the continuous fall of stocks in the Nigerian capital market.




Comprising members from the public and private sectors, the team would meet regularly to articulate and implement medium to long term measures necessary for healthy growth and development of the capital market.

Members of the team include minister of finance, minister of justice/attorney General of the Federation, minister of National Planning, Chief Economic Adviser to the president, Governor of CBN, Alhaji Aliko Dangote, DG SEC, DG NSE, DG Debt management Office, Managing Director Union Bank, Plc, Managing Director, Access bank, Plc, Managing Director, Intercontinental Bank, Plc, Bolaji Balogun, Ebilate Mac-Yoroki, Kayode Falowo and Oladipo Aina.

Briefing State House Correspondents after the meeting with Vice President Goodluck Jonathan and stakeholders aimed at stabilising the Nigerian capital market, Usman said the current situation had been a source of concern to the Federal Government.

Government, through the office of the Attorney General of the Federation, is to also issue an exemption to permit share buy back up to 20per cent.

Securities and Exchange Commission (SEC) and Nigerian Stock Exchange(NSE), will also take administrative actions to stem the rate of new listings, until the market is stabilised. SEC, NSE and all capital markets operators have also agreed to reduce their fees significantly, while modalities for establishment of capital market stabilisation fund are being worked out.

In the same vein, the Central Bank of Nigeria (CBN) has started taking measures to improve the liquidity situation in the economy.

According to him, the presidential team which is expected to meet regularly, took far reaching decisions at the meeting, which include setting up of a presidential advisory team on the Nigerian capital market. He also revealed that NSE is taking steps to review its trading rules and regulations.

He said effective from today, maximum downward limit on daily price movement had been pegged at one per cent, while the current five per cent limit on upward movement was retained.

SEC, he said would release guidelines for market makers on the Nigerian Stock Exchange before the end of the week.

Speaking further, he said:

“A Presidential Advisory Team on the Nigerian Capital Market has been constituted; The Office of the Attorney General of the Federation has been directed to issue an exemption to the provisions of the relevant sections of the Companies and Allied Matters Act, 1990 on share buy-backs to permit quoted companies to buy back up to 20% of their shares. The Securities and Exchange Commission’s approval would be necessary before any quoted company is allowed to undertake any share buy-back.”


“The SEC, the Nigerian Stock Exchange (NSE) and all Capital Markets operators have agreed to reduce their fees significantly. For example, the NSE with effect from Wednesday August 27th will reduce its fees by 50%.

“The modalities for the establishment of a Capital Market Stabilization Fund are being worked out to intervene promptly, effectively and prudently in the Nigerian Stock Market as the need arises. The CBN is taking appropriate measures to review the liquidity situation in the economy and take appropriate measure to improve the liquidity in the system if required.

“The NSE is taking steps to review its trading rules and regulations. In the interim, effective Wednesday 27th August, 2008, it has taken the following steps : one per cent maximum downward limit on daily price movement whilst the current five per cent limit on upward movement is retained; The SEC would release guidelines for Market Makers on the Nigerian Stock Exchange before the end of the week; Henceforth there will be strict enforcement of NSE’s listing requirement with zero tolerance for infractions. The SEC and NSE will also take administrative actions to stem the rate of new listings until the market stabilizes; Having gone through the steps for delisting, the stock exchange will delist all the moribund companies earlier advertised.”

He also said, “ Nigerian banks would restructure existing facilities extended to licensed stock brokers, institutional and individual investors to allow for longer repayment periods.

“Nigerian Banks would partner with market makers to inject funds into the capital market through appropriately structured credit facilities.”




http://odili.net/news/source/2008/aug/27/205.html

Market Report
August 29. 2008
Source: Nigeria Stock Market


A turnover of 3.36 billion shares worth N38.7 billion in 43,801 deals was recorded this week, in contrast to a total of 3.82 billion shares valued at N32.94 billion exchanged last week in 56,511 deals.



There were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.



The Banking subsector was the most active during the week (measured by turnover volume), with 1.75 billion shares worth N28.91 billion exchanged by investors in 20,934 deals. Volume in the Banking subsector was largely driven by activity in the shares of Afribank Nigeria Plc, Skye Bank Plc and Fidelity Bank Plc. Trading in the shares of the three banks accounted for 839.41 million shares, representing 48% of the subsector’s turnover.



The Insurance subsector, boosted by activity in the shares of Investment & Allied Assurance Plc, followed on the week’s activity chart with a turnover of 1.03 billion shares valued at N1.3 billion in 5,375 deals.



Last week, the Banking subsector led on the activity chart and was followed by the Insurance subsector.



Price Movement:

The All-Share Index rose by 7.74% to close on Friday at 47,789.20. The market capitalization of the 210 First -Tier equities closed higher at N9.74 trillion.



Eighty - Seven (87) stocks appreciated in price during the week, higher than the eleven (11) in the preceding week. Chevron Oil Nigeria Plc led on the gainers’ table with a gain of N75.46 to close at N441.00 per share while Total Nigeria Plc followed with N15.34 to close at N221.55 per share. Other price gainers in the Top 10 category include:



• Nestle Nigeria Plc - N8.52



• Guinness Nigeria Plc - N5.88



• Flour Mills of Nigeria Plc - N5.66



• Julius Berger Nigeria Plc - N5.52



• United Bank for Africa Plc - N4.52



• Intercontinental Bank Plc - N3.93



• Zenith Bank Plc - N3.87



• Nigerian Breweries Plc - N3.79



Forty (40) stocks depreciated in price during the week, lower than the eighty – seven (87) in the preceding week. Mobil Oil Nigeria Plc led on the price losers’ table, dropping by N46.31 to close at N355.69 per share while Oando Plc followed with a loss of N7.36 to close at N127.26 per share. Other price losers in the Top 10 category include:



• Skye Shelter Fund Plc - N5.84



• Longman Nigeria Plc - N1.66





• R.T. Briscoe (Nigeria) Plc - N1.42



• Chemical & Allied Products Plc - N1.00



• John Holt Plc - N0.92



• Neimeth International Pharmaceuticals Plc - N0.86



• Nigerian Enamelware Co. Plc - N0.79



• Cutix Plc - N0.76



Ten equity prices were adjusted for dividend and or bonus as recommended by the Board of Directors. Ekocorp Plc was adjusted for dividend of N0.15 per share. National Sports Lottery Plc was adjusted for dividend of N0.10 per share. Aso Savings & Loans Plc was adjusted for dividend of N0.05 per share. Ashaka Cement Plc was adjusted for bonus of 1 for 6. PZ Cussons Nigeria Plc was adjusted for dividend of N0.62 per share. IPWA Plc was adjusted for dividend of N0.02 per share. Neimeth International Pharmaceutical Plc was adjusted for dividend of N0.12 per share and bonus of 1 for 4.



Union Homes Savings & Loans Plc was adjusted for dividend of N0.10 per share and bonus of 1 for 4. UNIC Insurance Plc was adjusted for dividend of N0.05 per share. Dangote Sugar Refinery Plc was adjusted for an interim dividend of N0.85 per share.



…Supplementary Listings

A total of 284,375,000 shares were added to the shares outstanding in the name of Ashaka Cement Plc following the bonus of 1 for 6. A total of 164,315,179 shares were added to the shares outstanding in the name of Neimeth International Pharmaceutical Plc following the bonus of 1 for 4. A total of 1,562,500,000 shares were added to the shares outstanding in the name of Union Homes Savings & Loans Plc following the bonus of 1 for 4.



Memorandum Listing

The 1,613,768,846 Units of Kakawa Guaranteed Income Fund of N1.00 each at par were admitted on the Daily Official List on Friday, August 29, 2008. It was listed in the Memorandum Listing subsector. Funds granted Memorandum Listing status thus increased to 21.



COMPANY NEWS



CEMENT COMPANY OF NORTHERN NIGERIA PLC: Audited result for the half year ended 30th June 2008 shows Turnover of N4.4 billion as against N4.6 billion in 2007. Profit after tax stood at N610.9 million compared with N189.2 million in 2007. The Directors are recommending an interim dividend of N0.45 per share. The date of closure of register of members is September 4, 2008 while payment date is September 15, 2008.



AFRIBANK NIGERIA PLC: Audited result for the year ended 31st March 2008 shows Gross Earnings of N49.2 billion as against N27.54 billion in 2007. Profit after tax stood at N10.03 billion compared with N5.2 billion in 2007. The Directors are recommending a dividend of N0.50 per share and bonus of 1 for 3. The date of closure of register of members is September 18, 2008 while payment date is September 30, 2008.



FIRST CITY MONUMENT BANK PLC: Audited result for the year ended 30th April 2008 shows Gross Earnings of N52.82 billion as against N25 billion in 2007. Profit after tax stood at N15.11 billion compared with N5.95 billion in 2007. The Directors are recommending a dividend of N0.50 per share. The date of closure of register of members is September 22, 2008 while payment date would be advised later.

UNIVERSITY PRESS PLC: Audited result for the year ended 31st March 2008 shows Turnover of N956.94 million as against N691.75 million in 2007. Profit after tax stood at N163.51 million compared with N109.42 million in 2007. The Directors are recommending a dividend of N0.35 per share. The date of closure of register of members is September 15, 2008 while payment date is September 25, 2008. The 30th Annual General Meeting (AGM) of shareholders is scheduled to hold at Jogor Centre, I Harvester Drive, Liberty Road, Off Ring Road, Ibadan, Oyo State on Thursday, September 25, 2008 by 11.00a.m



FIRST BANK OF NIGERIA PLC: Unaudited result for the first quarter ended 30th June 2008 shows Gross Earnings of N43.3 billion, as against N27.3 billion in the comparable period of 2007. Profit after tax stood at N10.7 billion compared with N5.7 billion in 2007.



AIICO INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N3.9 billion, as against N1.8 billion in the comparable period of 2007. Profit after tax stood at N581.2 million compared with N246.83 million in 2007.



MUTUAL BENEFITS ASSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N1.6 billion, as against N957.71 million in the comparable period of 2007. Profit after tax stood at N681.4 million compared with N449.51 million in 2007.



LINKAGE ASSURANCE PLC: Unaudited result for the first quarter ended 31st March 2008 shows Gross Premium of N496.53 million, as against N468.5million in the comparable period of 2007. Profit after tax stood at N167.5 million compared with N113.1 million in 2007.



VITAFOAM NIGERIA PLC: Unaudited result for the third quarter ended 30th June 2008 shows Turnover of N6 billion, as against N4.43 billion in the comparable period of 2007. Profit after tax stood at N394.5 million compared with N302.94 million in 2007.



NEIMETH INTERNATIONAL PHARMACEUTICAL PLC: Unaudited result for the first quarter ended 30th June 2008 shows Turnover of N348.9 million, as against N309.72 million in the comparable period of 2007. Profit after tax stood at N20.7 million compared with loss after tax of N58.3 million in 2007.



REPORT ON THE OTC MARKET FOR FGN BONDS

A turnover of 180.31 million units worth N179.14 billion in 1,614 deals was recorded this week, in contrast to a total of 127.4 million units valued at N126.85 billion exchanged in 1,156 deals during the week ended August 21, 2008. The most active bond (measured by turnover volume) was the 3rd FGN Bond 2009 Series 11 with a traded volume of 20.3 million units valued at N21.44 billion in 203 deals

Thanks Seun Keep it up!

Market Report
Sept 5, 2008
Source: Nigerian Stock Exchange
A turnover of 2.95 billion shares worth N31.21 billion in 65,943 deals was recorded this week, in contrast to a total of 3.36 billion shares valued at N38.7 billion exchanged last week in 43,801 deals
.
There were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.

The Banking subsector was the most active during the week (measured by turnover volume), with 1.12 billion shares worth N20.84 billion exchanged by investors in 29,036 deals. Volume in the Banking subsector was largely driven by activity in the shares of Afribank Nigeria Plc, Spring Bank Plc and Access Bank Plc. Trading in the shares of the three banks accounted for 503.5 million shares, representing 45.12% of the subsector’s turnover.

The Insurance subsector, boosted by activity in the shares of Investment & Allied Assurance Plc and Lasaco Assurance Plc, followed on the week’s activity chart with a turnover of 1.1 billion shares valued at N2.03 billion in 9,799 deals.

Last week, the Banking subsector led on the activity chart and was followed by the Insurance subsector.

Price Movement:
The All-Share Index rose by 3.82% to close on Friday at 49,615.55. The market capitalization of the 210 First -Tier equities closed higher at N10.39 trillion.

Ninety - One (91) stocks appreciated in price during the week, higher than the eighty-seven (87) in the preceding week. Nestle Nigeria Plc led on the gainers’ table with a gain of N41.48 to close at N230.00 per share while Oando Plc followed with N22.74 to close at N150.00 per share. Other price gainers in the Top 10 category include:

• Total Nigeria Plc - N22.44

• Julius Berger Nigeria Plc - N8.10

• The Okomu Oil Palm Plc - N4.38

• Conoil Plc - N4.32

• Cadbury Nigeria Plc - N3.91

• Benue Cement Company Plc - N3.87

• Dangote Flour Mills Plc - N3.76

• UACN Property Dev. Co. Plc - N3.20

Eleven (11) stocks depreciated in price during the week, lower than the forty (40) in the preceding week. Chevron Oil Nigeria Plc led on the price losers’ table, dropping by N14.06 to close at N426.94 per share while Guinness Nigeria Plc followed with a loss of N2.13 to close at N123.75 per share. Other price losers in the Top 10 category include:

• Zenith Bank Plc - N1.52

• G Cappa Plc - N1.33

• Nigerian Breweries Plc - N0.75


• Afribank Nigeria Plc - N0.51

• International Breweries Plc - N0.28

• Intercontinental Bank Plc - N0.27

• Fidelity Bank Plc - N0.27

• Airline Services & Logistics Plc - N0.16

Two equity prices were adjusted for dividend as recommend by the Board of Directors. Cement Company of Northern Nigeria Plc was adjusted for an interim dividend of N0.45 per share. May & Baker Nigeria Plc was adjusted for dividend of N0.40 per share.

…Supplementary Listings
A total of 4,000,000,000 shares were added to the shares outstanding in the name of Afribank Nigeria Plc on Monday, September 1, 2008 following the conclusion of public offering. A total of 750,000,000 shares were added to the shares outstanding in the name of Custodian and Allied Insurance Plc on Tuesday, September 2, 2008 following the conclusion of public and rights offerings.

A total of 723,161,725 shares were added to the shares outstanding in the name of AIICO Insurance
Plc on Wednesday, September 3, 2008 being the supplementary portion of the recently concluded public offering.

Also, a total of 4,081,925,292 shares were added to the shares outstanding in the name of Skye Bank Plc on Wednesday, September 3, 2008 following the conclusion of hybrid offerings and supplementary offering there from. The reconstruction exercise embarked upon by Sterling Bank Plc was concluded with the listing of 12,563,091,545 shares on Wednesday, September 3, 2008 at a price of N5.36 per share. The Full Suspension was subsequently removed. A total of 5,000,000,000 shares were added to the shares outstanding in the name of PlatinumHabib Bank Plc on Thursday, September 4, 2008 following the conclusion of Placing.

COMPANY NEWS
CUTIX PLC: Audited result for the year ended 30th April 2008 shows Turnover of N1.31 billion as against N1.1 billion in 2007. Profit after tax stood at N114.5 million compared with N121.7 million in 2007. The Directors are recommending a dividend of N0.12 per share. The date of closure of register of members is October 20, 2008 while payment date is November 28, 2008. The 25th Annual General Meeting (AGM) of shareholders is scheduled to hold at 17, Osita Onyejianya Street, Anuka Otolo, Nnewi, Anambra State on Friday, October 31, 2008 by 12.00noon.

FIRST CITY MONUMENT BANK PLC: Audited result for the year ended 30th April 2008. The Directors earlier recommended a dividend of N0.50 per share. The date of closure of register of members is September 22, 2008 while payment date is September 19, 2008.

LINKAGE ASSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross
Premium of N1.03 billion as against N286.21 million in 2007. Profit after tax stood at N274 million compared with N71.51 million in 2007. The date of closure of register of members is October 2, 2008.
Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N1.31 billion, as against N875.9 million in the comparable period of 2007. Profit after tax stood at N261.72 million compared with N168.82 million in 2007.

LAW UNION & ROCK INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N1.8 billion, as against N1.12 billion in the comparable period of 2007. Profit after tax stood at N473.2 million compared with N274.33 million in 2007.

FLOUR MILLS OF NIGERIA PLC: Unaudited result for the first quarter ended 30th June 2008 shows Turnover of N37 billion, as against N23.25 billion in the comparable period of 2007. Profit after tax stood at N1.4 billion compared with N1.02 billion in 2007.

UNION HOMES SAVINGS & LOANS PLC: Unaudited result for the first quarter ended 30th June 2008 shows Turnover of N2.3 billion, as against N1.74 billion in the comparable period of 2007. Profit after tax stood at N223 million compared with N179 million in 2007.

NIGERIAN GERMAN CHEMICALS PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N1.83 billion, as against N1.4 billion in the comparable period of 2007. Profit after tax stood at N134.71 million compared with N119.52 million in 2007.

INTERNATIONAL BREWERIES PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N1.83 billion, as against N1.4 billion in the comparable period of 2007. Profit after tax stood at N134.71 million compared with N119.52 million in 2007.

EKOCORP PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N314.1 million, as against N250.6 million in the comparable period of 2007. Profit after tax stood at N27.6 million compared with N49.94 million in 2007.

HALLMARK PAPER PRODUCTS PLC: Audited result for the year ended 31st December 2007 shows Turnover of N50.9 million as against N44.33 million in 2006. Profit after tax stood at N940.6 million compared with loss after tax of N6.7 million in 2006. The date of closure of register of members is September 28, 2008. The Annual General Meeting (AGM) of shareholders is scheduled to hold at Lagos Airport Hotel, 111, Obafemi Awolowo Way, Ikeja, Lagos on Tuesday, October 13, 2008 by 11.00a.m.

OKITIPUPA OIL PALM PLC: Audited result for the year ended 31st December 2007 shows Turnover of N214.4 million as against N186.04 million in 2006. Profit after tax stood at N12.73 million compared with N18.75 million in 2006.

ADSWITCH PLC: Audited result for the year ended 30th April 2008 shows Turnover of N36 million as against N57.2 million in 2007. Profit after tax stood at N0.683 million compared with N5.2 million in 2007. The date of closure of register of members is October 20, 2008. The 25th Annual General Meeting (AGM) of shareholders is scheduled to hold at Anaedo Social Club Hall, Nnewi, Anambra State on Friday, October 31, 2008 by 9.30a.m.

REPORT ON THE OTC MARKET FOR FGN BONDS
A turnover of 304.8 million units worth N301 billion in 2,502 deals was recorded this week, in contrast to a total of 180.31 million units valued at N179.14 billion exchanged in 1,614 deals during the week ended Thursday, August 28, 2008. The most active bond (measured by turnover
volume) was the 4th FGN Bond 2014 Series 11 with a traded volume of 42.4 million units valued at N41.7 billion in 420 deals.

Market Report
Sept 12, 2008
Source: Nigerian Stock Exchange

A turnover of 2.65 billion shares worth N50.3 billion in 44,357 deals was recorded this week, in contrast to a total of 2.95 billion shares valued at N31.21 billion exchanged last week in 65,943 deals.

There were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.



The Banking subsector was the most active during the week (measured by turnover volume), with 1.8 billion shares worth N43 billion exchanged by investors in 20,059 deals. Volume in the Banking subsector was largely driven by activity in the shares of Afribank Nigeria Plc. Trading in the shares of the bank accounted for 1.33 billion shares, representing 74.7% of the subsector’s turnover.



The Insurance subsector, boosted by activity in the shares of Investment & Allied Assurance Plc, followed on the week’s activity chart with a turnover of 479.72 million shares valued at N816.65 million in 6,879 deals.



Last week, the Banking subsector led on the activity chart and was followed by the Insurance subsector.



Price Movement:

The All-Share Index dropped by 1.8% to close on Friday at 48,738.15. The market capitalization of the 211 First -Tier equities closed lower at N10.22 trillion.

Twenty - Two (22) stocks appreciated in price during the week, lower than the ninety - one (91) in the preceding week. Oando Plc led on the gainers’ table with a gain of N20.20 to close at N170.20 per share while Conoil Plc followed with N8.71 to close at N93.82 per share. Other price gainers in the Top 10 category include:



• Afribank Nigeria Plc - N5.61



• Ecobank Nigeria Plc - N1.48



• Longman Nigeria Plc - N1.32



• International Breweries Plc - N0.52



• Dunlop Nigeria Plc - N0.39



• Livestock Feeds Plc - N0.36



• UACN Plc - N0.31



• Law Union & Rock Insurance Plc - N0.25



Seventy (70) stocks depreciated in price during the week, higher than the eleven (11) in the preceding week. Also, as in the preceding week, Chevron Oil Nigeria Plc led on the price losers’ table, dropping by N16.80 to close at N410.14 per share while Mobil Oil Nigeria Plc followed with a loss of N3.55 to close at N352.14 per share. Other price losers in the Top 10 category include:



• Nigerian Breweries Plc - N2.35



• Nestle Nigeria Plc - N2.30





• Zenith Bank Plc - N1.94



• First Bank of Nigeria Plc - N1.55



• United Bank for Africa Plc - N1.42



• Intercontinental Bank Plc - N1.38



• Lafarge WAPCO Plc - N1.21



• Guaranty Trust Bank Plc - N1.19



Two equity prices were adjusted for dividend as recommended by the Board of Directors. Cement Company of Northern Nigeria Plc was adjusted for an interim dividend of N0.45 per share. May & Baker Nigeria Plc was adjusted for dividend of N0.40 per share.



New Listing

The 2,960,948,774 shares in favour of Union Diagnostics & Clinical Services Plc were admitted to the Daily Official List at a price of N3.00 per share on Thursday, September 11, 2008 by way of Introduction. The shares were listed in the Healthcare subsector. By this action, the number of listed companies and securities increased to 227 and 320, respectively.



…Supplementary Listings

A total of 20,000,000 shares were added to the shares outstanding in the name of Thomas Wyatt Nigeria Plc on Monday, September 8, 2008 following the bonus of 1 for 10.



Technical Suspension

This was imposed on DN Meyer Plc on Tuesday, September 9, 2008 having received the Company’s application to undertake supplementary share offering. Also, Longman Nigeria Plc was placed on technical suspension on Tuesday, September 9, 2008 on receiving the company’s application to undertake Placing.



Full Suspension

The following Companies were placed on FULL SUSPENSION with effect from Friday, September 12, 2008 for breaching the Post-Listing requirement of The Exchange in respect of the submission of their Quarterly and Annual Reports over time. They are: Aba Textile Mill Plc, Abplast Plc, Aviation Development Company Plc, African Paints Plc, Albarka Air Plc, Amicable Assurance Plc, Arbico Plc, Asaba Textile Mill Plc, Atlas Plc, BAICO Insurance Plc, BCN Plc, Beverages (WA) Plc, Ceramic Manufacturing Nig. Plc, Enpee Plc, Epic Dynamics Plc, Ferdinard Oil Mills Plc, Grommac Industries Plc, Intra Motors Plc, Maureen Laboratories Plc, Nigerian Textile Mills Plc, Nigerian Yeast & Alcohol Manufacturing Plc, Nigerian Lamps Industries Plc, Oluwa Glass Co. Plc, Onwuka Hi-Tek Industries Plc, Rietzcot Nig. Plc, Security Assurance Plc, Sun Insurance Plc and Tate Industries Plc.



COMPANY NEWS

GUINNESS NIGERIA PLC: Audited result for the year ended 30th June 2008 shows Turnover of N69.2 billion as against N62.3 billion in 2007. Profit after tax stood at N11.9 billion compared with N10.7 billion in 2007. The Directors are recommending a dividend of N6.00 per share. The date of closure of register of members is October 31st 2008 while payment date is December 1, 2008.



FTN COCOA PROCESSORS PLC: Audited result for the year ended 31st December 2007 shows Turnover of N267.1 million as against N710.32 million in 2006. Profit after tax and extra-ordinary items stood at N142.8 million compared with profit after tax of N16.3 million in 2006.

The Directors are recommending a dividend of 2.5 kobo per share and bonus of 1 for 10. The date of closure of register of members is September 18, 2008 while payment date is October 20, 2008.



FIRST CITY MONUMENT BANK PLC: Unaudited result for the first quarter ended 31st July 2008 shows Gross Earnings of N18.53 billion, as against N10 billion in the comparable period of 2007. Profit after tax stood at N4.83 billion compared with N2.7 billion in 2007.



JOHN HOLT PLC: Unaudited result for the third quarter ended 30th June 2008 shows Turnover of N16.81 billion, as against N12.53 billion in the comparable period of 2007. Profit after tax and exceptional item stood at N705 million compared with profit after tax of N12 million in 2007.



REPORT ON THE OTC MARKET FOR FGN BONDS

A turnover of 223.1 million units worth N222.75 billion in 1,983 deals was recorded this week, in contrast to a total of 304.8 million units valued at N301 billion exchanged in 2,502 deals during the week ended Thursday, September 4, 2008. The most active bond (measured by turnover volume) was the 3rd FGN Bond 2009 Series 12 with a traded volume of 29.75 million units valued at N30.83 billion in 287 deals.

Good work Seun. Keep it up.

Dear readers, don't miss out on week ended 19th Sept as shown below:

STOCK MARKET REPORT FOR THE WEEK ENDED FRIDAY, 19TH SEPTEMBER 2008
A turnover of 3.1 billion shares worth N39.3 billion in 49,497 deals was recorded this week, in contrast to a total of 2.65 billion shares valued at N50.3 billion exchanged last week in 44,357 deals.
There were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.
The Banking subsector was the most active during the week (measured by turnover volume), with 2.32 billion shares worth N34.53 billion exchanged by investors in 26,906 deals. Volume in the Banking subsector was largely driven by activity in the shares of Spring Bank Plc, Afribank Nigeria Plc, Ecobank Nigeria Plc and Oceanic Bank International Plc. Trading in the shares of the four banks accounted for 1.85 billion shares, representing 79.8% of the subsector’s turnover.
The Insurance subsector, boosted by activity in the shares of Investment & Allied Assurance Plc, followed on the week’s activity chart with a turnover of 369.9 million shares valued at N755.55 million in 5,345 deals.
Last week, the Banking subsector led on the activity chart and was followed by the Insurance subsector.
Price Movement:
The All-Share Index dropped by 2.91% to close on Friday at 47,317.94. The market capitalization of the 201 First -Tier equities closed lower at N10.02 trillion.
Twenty (20) stocks appreciated in price during the week, lower than the twenty-two (22) in the preceding week. Conoil Plc led on the gainers’ table with a gain of N11.32 to close at N105.14 per share while UACN Plc followed with N2.75 to close at N47.75 per share. Other price gainers in the Top 10 category include:
• Chemical & Allied Products Plc - N2.40
• Nig. Bottling Co. Plc - N1.48
• Cadbury Nigeria Plc - N1.08
• PZ Cussons Nigeria Plc - N1.04
• International Breweries Plc - N1.04
• Ecobank Nigeria Plc - N0.92
• Nigerian Breweries Plc - N0.84
• Big Treat Plc - N0.63
Seventy (70) stocks depreciated in price during the week, same as in the preceding week. Also, as in the preceding week, Chevron Oil Nigeria Plc led on the price losers’ table, dropping by N12.17 to close at N397.97 per share while Afribank Nigeria Plc followed with a loss of N8.16 to close at N22.64 per share. Other price losers in the Top 10 category include:
• Oando Plc - N6.69
• Guinness Nigeria Plc - N4.86
• Zenith Bank Plc - N1.85
• Lafarge WAPCO Plc - N1.56
• First Bank of Nigeria Plc - N1.48
• BOC Gases Plc - N1.46
• United Bank for Africa Plc - N1.36
• Intercontinental Bank Plc - N1.32
Three equity prices were adjusted for dividend and/or bonus as recommended by the Board of Directors. Afribank Nigeria Plc was adjusted for dividend of N0.50 per share and bonus of 1 for 3. University Press Plc was adjusted for dividend of N0.35 per share. FTN Cocoa Processors Plc was adjusted for dividend of 2.5k and bonus of 1 for 10.
…Supplementary Listings
A total of 3,376,706,666 shares were added to the shares outstanding in the name of Afribank Nigeria Plc on Thursday, September 18, 2008 following the bonus of 1 for 3. Also, a total of 200,000,000 shares were added to the shares outstanding in the name of FTN Cocoa Processors Plc on Thursday, September 18, 2008 following the bonus of 1 for 10.
Delisting
The N150 billion 3rd FGN Bond 2011 (Local Contractors Debt 2) was delisted from the Daily Official List on Wednesday, September 17, 2008. By this action, the number of FGN Bonds dropped to 39.
…Delisting of Dormant Companies
The Council of The Nigerian Stock Exchange approved the delisting of ten (10) dormant Companies, a decision that was effected on Thursday, September 18, 2008. The Companies delisted were: ACEN Insurance Plc, Amicable Assurance Plc, BAICO Insurance Plc, Atlas Nigeria Plc, Ceramics Manufacturing Plc, Beverages (WA) Nigeria Plc, Enpee Plc, Tate Industries Plc, Maureen Laboratories Plc and Rietzcot Nigeria Plc. These are the first Batch of companies as the process is on-going. By this action, the number of quoted Companies dropped and securities dropped to 217 and 308 respectively.
COMPANY NEWS
NIGERIAN BREWERIES PLC: Audited result for the half year ended 30th June 2008.The Directors are recommending an interim dividend of N1.00 per share. The date of closure of register of members is October 9, 2008 while payment date is October 17, 2008.
LAW UNION & ROCK INSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N2.51 billion as against N1.33 billion in 2006. Profit after tax stood at N311.3 million compared with N164.3 million in 2006. The Directors are recommending a dividend of N0.06 per share. The date of closure of register of members is September 26, 2008 while payment date is October 17, 2008.
GUARANTY TRUST BANK PLC: Unaudited result for the half year ended 31st August 2008 shows Gross Earnings of N57.24 billion, as against N33.01 billion in the comparable period of 2007. Profit after tax stood at N15.7 billion compared with N7.5 billion in 2007.
NIGERIAN BOTTLING CO. PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N39.41 billion, as against N34.13 billion in the comparable period of 2007. Profit after tax stood at N2.22 billion compared with N1.7 billion in 2007.
BENUE CEMENT COMPANY PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N4.1 billion, as against N3.1 billion in the comparable period of 2007. Profit before tax stood at N1.5 billion compared with profit before tax and extra-ordinary items of N1.6 billion in 2007.
JULIUS BERGER NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N43.2 billion, as against N34.15 billion in the comparable period of 2007. Profit after tax stood at N930.0 million compared with N690.0 million in 2007.
BERGER PAINTS NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N1.3 billion, as against N1.1 billion in the comparable period of 2007. Profit after tax stood at N82.6 million compared with N63.5 million in 2007.
UNIC INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N13 billion, as against N1.1billion in the comparable period of 2007. Profit after tax stood at N369.92 million compared with N250.61 million in 2007.
NIGERIAN BAG MANUFACTURING CO. PLC: Unaudited result for the first quarter ended 30th June 2008 shows Turnover of N2.9 billion, as against N2.51 billion in the comparable period of 2007. Profit after tax stood at N189.1 million compared with N87.7 million in 2007.
COMPANY FORECASTS
UACN PROPERTY DEVELOPMENT CO. PLC: The Company forecast a Turnover of N11.1 billion and profit after tax of N2.9 billion by year end December 31, 2008.
NESTLE NIGERIA PLC: The Company forecast a Turnover of N15.5 billion and profit after tax of N1.006 billion during the fourth quarter December 31, 2008.
JULIUS BERGER NIGERIA PLC: The Company forecast a Turnover of N66.5 billion and profit after tax of N1.4 billion by the third quarter ending September 30, 2008.
BETA GLASS CO. PLC: The Company forecast a Turnover of N1.8 billion and profit after tax of N200.0 million by year ending October 31, 2008.
NEIMETH INTERNATIONAL PHARMACEUTICAL PLC: The Company forecast a Turnover of N1.2 billion and profit after tax of N103.5 million by half year ending September 30, 2008.

For week ended 22nd Sept. do take a read:

STOCK MARKET REPORT FOR THE WEEK ENDED FRIDAY, 22ND AUGUST 2008
A turnover of 3.82 billion shares worth N32.94 billion in 56,511 deals was recorded this week, in contrast to a total of 6.4 billion shares valued at N47.94 billion exchanged last week in 60,803 deals.
There were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.
The Banking subsector was the most active during the week (measured by turnover volume), with 1.9 billion shares worth N23.44 billion exchanged by investors in 29,516 deals. Volume in the Banking subsector was largely driven by activity in the shares of Spring Bank Plc. Trading in the shares of the Bank accounted for 888.01 million shares, representing 46.6% of the subsector’s turnover.
The Insurance subsector, boosted by activity in the shares of Investment & Allied Assurance Plc, followed on the week’s activity chart with a turnover of 1.55 billion shares valued at N1.6 billion in 6,406 deals.
Last week, the Banking subsector led on the activity chart and was followed by the Insurance subsector.
Price Movement:
The All-Share Index dropped by 6.65% to close on Friday at 44,357.08. The market capitalization of the 210 First -Tier equities closed lower at N9.04 trillion.
Eleven (11) stocks appreciated in price during the week, lower than the twenty - six (26) in the preceding week. Mobil Oil Nigeria Plc led on the gainers’ table with a gain of N87.00 to close at N402.00 per share while Chevron Oil Nigeria Plc followed with N79.10 to close at N365.54 per share. Other price gainers in the Top 10 category include:
• Julius Berger Nigeria Plc - N8.24
• International Breweries Plc - N1.49
• First Bank of Nigeria Plc - N0.71
• UACN Plc - N0.29
• Ferdinand Oil Mills Plc - N0.18
• Hallmark Paper Products Plc - N0.12
• Aso Savings & Loans Plc - N0.10
• The Okomu Oil Palm Plc - N0.02
Eighty - Seven (87) stocks depreciated in price during the week, higher than the eighty (80) in the preceding week. Nestle Nigeria Plc led on the price losers’ table, dropping by N17.00 to close at N180.00 per share while Oando Plc followed with a loss of N14.53 to close at N134.62 per share. Other price losers in the Top 10 category include:
• Benue Cement Company Plc - N7.81
• Guinness Nigeria Plc - N6.50
• Dangote Sugar Refinery Plc - N4.46
• Flour Mills of Nigeria Plc - N4.11
• United Bank for Africa Plc - N4.08
• Nigerian Breweries Plc - N3.99
• Ashaka Cement Plc - N3.97
• UACN Property Dev. Co. Plc - N3.93
Technical Suspension
This was imposed on Nigerian-German Chemicals Plc on Tuesday, August 19, 2008 having received the Company’s application to undertake supplementary share offering.
COMPANY NEWS
AVON CROWNCAPS & CONTAINERS PLC: Audited result for the year ended 31st March 2008 shows Turnover of N6.9 billion as against N6.2 billion in 2007. Profit after tax stood at N251.11 million compared with N172.64 million in 2007. The Directors are recommending a dividend of N0.12 per share. The date of closure of register of members is September 30, 2008 while payment date is October 13, 2008. . The Annual General Meeting (AGM) of shareholders is scheduled to hold on October 8, 2008 at a venue and time to be announced later.
UNIC INSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N1.92 billion as against N1.9 billion in 2006. Profit after tax and extra-ordinary items stood at N329.01 million compared with profit after tax of N259.95 million in 2006. The Directors are recommending a dividend of N0.05 per share. The date of closure of register of members is August 25, 2008 while payment date is October 13, 2008. The Annual General Meeting (AGM) of shareholders is scheduled to hold at Diamond Hall, Golden Gate Restaurant, Alfred Rewane Road, Ikoyi, Lagos on Wednesday, September 10, 2008 by 11.00a.m.
UNIC INSURANCE PLC: Unaudited result for the first quarter ended 31st March 2008 shows Gross Premium of N550.43 million, as against N477.43 million in the comparable period of 2007. Profit after tax stood at N235.4 million compared with N82.95 million in 2007.
ASO SAVINGS & LOANS PLC: Audited result for the year ended 31st December 2007. The Directors had earlier recommended a dividend of N0.05 per share. The date of closure of register of members is August 25, 2008 while payment date is October 24, 2008.
MOBIL OIL NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N33 billion, as against N26.62 billion in the comparable period of 2007. Profit after tax stood at N1.23 billion compared with N1.05 billion in 2007.
BIG TREAT PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N1.51 billion, as against N1.32 billion in the comparable period of 2007. Profit after tax stood at N136.85 million compared with N85.23 million in 2007.
ASSOCIATED BUS COMPANY PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N1.8 billion, as against N1.55 billion in the comparable period of 2007. Profit after tax stood at N117.02 million compared with N74.03 million in 2007.
INTERNATIONAL ENERGY INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N1.8 billion, as against N1.02 billion in the comparable period of 2007. Profit after tax stood at N1.3 billion compared with N414.95 million in 2007.
FTN COCOA PROCESSORS PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N491.64 million, as against N134.5 million in the comparable period of 2007. Profit after tax stood at N174.6 million compared with loss before tax of N22.84 million in 2007.
INTERCONTINENTAL WAPIC INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N3.92 billion, as against N2.8 billion in the comparable period of 2007. Profit after tax stood at N569 million compared with N572.05 million in 2007.
GOLDLINK INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N2.43 billion, as against N1.5 billion in the comparable period of 2007. Profit after tax stood at N559.4 million compared with N263.85 million in 2007.
SOVEREIGN TRUST INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N2.14 billion, as against N1.4 billion in the comparable period of 2007. Profit after tax stood at N449.02 million compared with N222.04 million in 2007.
MORISON INDUSTRIES PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N223.9 million, as against N83.2 million in the comparable period of 2007. Profit after tax stood at N17.73 million compared with N3.33 million in 2007.
REPORT ON THE OTC MARKET FOR FGN BONDS
A turnover of 127.4 million units worth N126.85 billion in 1,156 deals was recorded this week, in contrast to a total of 147.44 million units valued at N144.7 billion exchanged in 1,339 deals during the week ended August 14, 2008. The most active bond (measured by turnover volume) was the 4th FGN Bond 2010 Series 12 with a traded volume of 19.25 million units valued at N19.1 billion in 192 deals.