Sowon please kindly refer to https://www.nairaland.com/nigeria/topic-63098.0.html on how to get a CSCS account opened reliably.

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Ten days on, NSE goes futher southwards


STOCK MARKET REPORT FOR THE WEEK ENDED FRIDAY, 26TH SEPTEMBER 2008
A turnover of 2 billion shares worth N13.63 billion in 37,416 deals was recorded this week, in contrast to a total of 3.1 billion shares valued at N39.3 billion exchanged last week in 49,497 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 849.55 million shares worth N9.4 billion exchanged by investors in 19,456 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 402.84 million shares, representing 47.42% 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 856.34 million shares valued at N1.2 billion in 4,895 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 2.33% to close on Friday at 46,216.13. The market capitalization of the 203 First -Tier equities closed lower at N9.84 trillion.
Twenty - One (21) stocks appreciated in price during the week, higher than the twenty (20) in the preceding week. Ashaka Cement Plc led on the gainers’ table with a gain of N2.29 to close at N30.00 per share while Big Treat Plc followed with N1.04 to close at N5.64 per share. Other price gainers in the Top 10 category include:
• Conoil Plc - N0.76
• Adswitch Plc - N0.68
• Chams Plc - N0.52
• Zenith Bank Plc - N0.30
• Unity Bank Plc - N0.28
• Daar Communications Plc - N0.25
• Thomas Wyatt Nigeria Plc - N0.23
• UNIC Insurance Plc - N0.23
Seventy – Two (72) stocks depreciated in price during the week, higher than the seventy (70) in the preceding week. Guinness Nigeria Plc led on the price losers’ table, dropping by N2.35 to close at N116.54 per share while Nigerian Breweries Plc followed with a loss of N2.31 to close at N45.21 per share. Other price losers in the Top 10 category include:
• Lafarge WAPCO Plc - N1.50
• First Bank of Nigeria Plc - N1.41
• BOC Gases Plc - N1.38
• Flour Mills of Nigeria Plc - N1.31
• United Bank for Africa Plc - N1.28
• Intercontinental Bank Plc - N1.24
• Guaranty Trust Bank Plc - N1.08
• Oceanic Bank International Plc - N1.01
Two equity prices were adjusted for dividend as recommended by the Board of Directors. First City Monument Bank Plc was adjusted for dividend of N0.50 per share. Law Union & Rock Insurance Plc was adjusted for dividend of N0.06 per share.
New Listings
The 4,620,600,000 shares in favour of Chams Plc were admitted to the Daily Official List at a price of N2.50 per share on Tuesday, September 23, 2008 by way of Introduction. The Company was listed in the newly created Information Communications and Telecommunications subsector. Also, the 8,000,000,000 shares in favour of DAAR Communications Plc were admitted to the Daily Official List at a price of N5.00 per share on Friday, September 26, 2008 after executing an Initial Public Offering and Offer for Sale. The Company was listed in the newly created Media subsector. By this action, the number of listed companies and securities increased to 219 and 310, respectively.
Full Suspension
This was imposed on Ecobank Nigeria Plc on Monday, September 22, 2008 having received the Bank’s application to undertake share reconstruction and supplementary share offering.
COMPANY NEWS
CORNERSTONE INSURANCE PLC: Audited result for the year ended 31st December 2007 shows Gross Premium of N2.8 billion as against N2.74 billion in 2006. Profit after tax stood at N310.8 million compared with N129.5 million in 2006. The Directors are recommending a dividend of N0.03 per share. The date of closure of register of members is October 15, 2008 while payment date is October 27, 2008.
STUDIO PRESS (NIG) PLC: Audited result for the year ended 31st December 2007 shows Turnover of N1.83 billion as against N1.1 billion in 2006. Profit after tax stood at N55.1 million compared with N10.42 million in 2006.
GUINEA INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N339.8 million, as against N340.6 million in the comparable period of 2007. Profit after tax stood at N184.1 million compared with N172.3 million in 2007.
VONO PRODUCTS PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N357.4 million, as against N801.9 million in the comparable period of 2007. Loss after tax stood at N78.83 million compared with N388.53 million in 2007.
COMPANY FORECASTS
PRESTIGE ASSURANCE PLC: The Company forecast a Gross Premium of N3.1 billion and profit after tax of N816.0 million by year end December 31, 2008.
REPORT ON THE OTC MARKET FOR FGN BONDS
A turnover of 342.45 million units worth N340.22 billion in 3,150 deals was recorded this week, in contrast to a total of 208.7 million units valued at N209.73 billion exchanged in 1,714 deals during the week ended Thursday, September 18, 2008. The most active bond (measured by turnover volume) was the 5th FGN Bond 2011 Series 3 with a traded volume of 34.4 million units valued at N34.4 billion in 344

Oct 17 Market Report
Source: Nigerian Stock Exchange

A turnover of 1.01 billion shares worth N7.52 billion in 26,394 deals was recorded this week, in contrast to a total of 2.03 billion shares valued at N13.0 billion exchanged last week in 34,233 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 515.5 million shares worth N5.8 billion exchanged by investors in 14,940 deals. Volume in the Banking subsector was largely driven by activity in the shares of Spring Bank Plc and PlatinumHabib Bank Plc. Trading in the shares of the two Banks accounted for 310.04 million shares, representing 60.15% of the subsector’s turnover.

The Insurance subsector, boosted by activity in the shares of Investment and Allied Assurance Plc and Lasaco Assurance Plc, followed on the week’s activity chart with a turnover of 290 million shares valued at N469.03 million in 2,320 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 3.21% to close on Friday at 42,957.36. The market capitalization of the 196 First -Tier equities closed lower at N9.17 trillion.

Two (2) stocks appreciated in price during the week, lower than the ten (10) in the preceding week. Ekocorp Plc led on the gainers’ table with a gain of N0.20 to close at N6.83 per share while Multiverse Resources Plc followed with N0.02 to close at N2.09 per share.

One Hundred and Fifteen (115) stocks depreciated in price during the week, higher than the seventy - six (76) in the preceding week. Also, as in the preceding week, Chevron oil Nigeria Plc led on the price losers’ table, dropping by N3.94 to close at N390.06 per share while Mobil Oil Nigeria Plc followed with a loss of N3.52 to close at N348.62 per share.

Other price losers in the Top 10 category include:
• Total Nigeria Plc - N2.43
• Nestle Nigeria Plc - N2.27
• Zenith Bank Plc - N1.65
• Oando Plc - N1.63
• Nigerian Breweries Plc - N1.62
• Union Bank of Nigeria Plc - N1.57
• Lafarge WAPCO Plc - N1.47
• Flour Mills of Nigeria Plc - N1.27

Two equities were adjusted for dividend as recommended by the Board of Directors. Fidelity Bank Plc was adjusted for a dividend of N0.30 per share. Cornerstone Insurance Plc was adjusted for a dividend of N0.03 per share.

…Supplementary Listings
A total of 816,601,852 shares were added to the shares outstanding in the name of Intercontinental Bank Plc on Thursday, October 16, 2008 following the conversion of the Preference shares belonging to Vectis Financial Holdings Limited. Also, a total of 71,756,590 shares were added to the shares outstanding in the name of Access Bank Plc on Thursday, October 16, 2008 following the conversion of 25% of the US$15 Million Unsecured Variable Rate Redeemable Convertible Loan Stock offered by International Finance Corporation (IFC) to Access Bank Plc.

Share Reconstruction
The Issued Shares of Ecobank Nigeria Plc was reconstructed in the ratio of 1 for 3. Consequently, the new Issued Shares is now 7,218,075,642 shares.

Technical Suspension
The technical suspension on National Sports Lottery Plc was lifted on Wednesday, October 15, 2008 after the expiration of the two weeks allowed by The Exchange after the closure of its supplementary share offering to the public. However, technical suspension was imposed on Wema Bank Plc on Friday, October 17, 2008 following the composition of an Interim Management Board by the Central Bank of Nigeria with a mandate to stabilize the bank.

COMPANY NEWS
NIGERIA ENERGY SECTOR FUND PLC: Audited result for the year ended 31st March 2008 shows Investment Income of N176.52 million as against N135.85 million in 2007. Profit after tax stood at N151.52 million compared with N75.8 million in 2007. The Fund Managers are recommending a Coupon of N152.00 per Note. The date of closure of register of members is October 20, 2008 while payment date is November 5, 2008. The Annual General Meeting is scheduled to hold at the Conference and Training Centre, Elephant House, 214 Broad Street, Lagos on Wednesday, November 5, 2008 by 11.ooa.m.

IBTC ETHICAL FUND: Audited result for the year ended 30th September 2008. The Fund Managers are recommending a Coupon of N0.07 per Note. The date of closure of register of members is November 11, 2008 while payment date is November 10, 2008.

NIGERIAN ENAMELWARE PLC: Audited result for the 7 months ended 30th April 2008 shows Turnover of N1.51 billion as against N1.6 billion during the year ended 30th September 2007. Profit after tax stood at N19.8 million compared with N24.54 million during the year ended 30th September 2007. The Board of Directors announced a change in the Accounting year end from September to April. Also, the Directors are recommending a dividend of N0.60 per share and bonus of 1 for 5. The date of closure of register of members is November 13, 2008 while payment date is December 24, 2008. The Annual General Meeting is scheduled for December 11, 2008.

COSTAIN (WA) PLC: Audited result for the year ended 31st March 2008 shows Turnover of N3.81 billion as against N3.02 billion in 2007. Profit after tax stood at N353.22 million compared with N108 million in 2007.

PRESTIGE ASSURANCE CO. PLC: Unaudited result for the third quarter ended 30th September 2008 shows Gross Premium of N2.3 billion, as against N1.85 billion in the comparable period of 2007. Profit after tax stood at N515 million compared with N278 million in 2007.

PZ CUSSONS NIGERIA PLC: Unaudited result for the first quarter ended 31st August 2008 shows Turnover of N16.6 billion, as against N13.51 billion in the comparable period of 2007. Profit after tax stood at N469.93 million compared with N443.33 million in 2007.

LAW UNION & ROCK INSURANCE PLC: Unaudited result for the third quarter ended 30th September 2008 shows Gross Premium of N3.0 billion, as against N2.0 billion in the comparable period of 2007. Profit after tax stood at N513.83 million compared with N259.5 million in 2007.

BETA GLASS CO. PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N3.21 billion, as against N3.9 billion in the comparable period of 2007. Profit after tax stood at N321.6 million compared with N452.45 million in 2007.

UNIVERSITY PRESS PLC: Unaudited result for the half year ended 30th
September 2008 shows Turnover of N714.5 million, as against N383.55 million in the comparable period of 2007. Profit after tax stood at N117.6 million compared with N38.83 million in 2007.

UNILEVER NIGERIA PLC: Unaudited result for the third quarter ended 30th September 2008 shows Turnover of N27.95 billion, as against N26.5billion in the comparable period of 2007. Profit after tax stood at N1.55 billion compared with N1.12 billion in 2007.

COMPANY FORECASTS
OASIS INSURANCE PLC: The Company forecasts a Gross Premium of N138.0 million and profit after tax of N9.8 million during the fourth quarter ending December 31, 2008.

JOHN HOLT PLC: The Company forecasts a Turnover of N6.95 billion and profit after tax of N203 million during the first quarter ending December 31, 2008

REPORT ON THE OTC MARKET FOR FGN BONDS
A turnover of 397.3 million units worth N391.31 billion in 3,505 deals was recorded this week, in contrast to a total of 263.8 million units valued at N261.04 billion exchanged in 1,983 deals during the week ended Thursday, October 9, 2008. As in the preceding week, the most active bond (measured by turnover volume) was the 5th FGN Bond 2011 Series 3 with a traded volume of 54.1 million units valued at N55.04 billion in 535 deals. This was followed by the 5th FGN Bond 2013 Series 1 with a traded volume of 45.8 million units valued at N44.5 billion in 431 deals.

STOCK MARKET REPORT FOR THE WEEK ENDED FRIDAY, 24TH OCTOBER 2008 -Source: NSE

A turnover of 987.5 million shares worth N8.44 billion in 19,885 deals was recorded this week, in contrast to a total of 1.01 billion shares valued at N7.52 billion exchanged last week in 26,394 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 613.51 million shares worth N6.62 billion exchanged by investors in 11,076 deals. Volume in the Banking subsector was largely driven by activity in the shares of Access Bank Plc and Spring Bank Plc. Trading in the shares of the two Banks accounted for 475.63 million shares, representing 77.53% 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 123.4 million shares valued at N192.6 million in 1,606 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 2.50% to close on Friday at 41,884.10. The market capitalization of the 197 First -Tier equities closed lower at N9.2 trillion.
Three (3) stocks appreciated in price during the week, higher than the two (2) in the preceding week. Abbey Building Society Plc led on the gainers’ table with a gain of N0.39 to close at N3.89 per share while First Bank of Nigeria Plc followed with N0.23 to close at N24.90 per share. The last price-gaining equity during the week was Multiverse Resources Plc - N0.04

Seventy - Four (74) stocks depreciated in price during the week, lower than the one hundred and fifteen (115) in the preceding week. Nigeria Energy Sector Fund Plc led on the price losers’ table, dropping by N152.00 to close at N552.20 per Note while Chevron Oil Nigeria Plc followed with a loss of N7.76 to close at N382.30 per share. Other price losers in the Top 10 category include:

• Guinness Nigeria Plc - N3.27

• Union Bank of Nigeria Plc - N1.88

• Zenith Bank Plc - N1.57

• Nigerian Breweries Plc - N1.55

• 7-Up Bottling Co. Plc - N1.50

• United Bank for Africa Plc - N1.08

• Lafarge WAPCO Plc - N1.07

• Intercontinental Bank Plc - N1.06

Three equities and one Managed Fund were adjusted for dividend or Coupon as recommended by the Board of Directors or Fund Managers. Custodian & Allied Insurance Plc was adjusted for an interim dividend of N0.075 per share. Cutix Plc was adjusted for a dividend of N0.12 per share. 7-Up Bottling Co. Plc was adjusted for a dividend of N1.50 per share. Nigeria Energy Sector Fund was adjusted for Coupon of N152.00 per Note
New Listing
The 4,200,000,000 shares in favour of Abbey Building Society Plc were admitted to the Daily Official List at a price of N3.50 per share on Tuesday, October 21, 2008 by way of Introduction. The Company was listed in the Mortgage Companies subsector. By this action, the number of listed companies and securities increased to 212 and 303, respectively.
…Supplementary Listing
A total of 40,744,328 shares were added to the shares outstanding in the name of Custodian & Allied Insurance Plc on Friday, October 24, 2008 being supplementary offering from the recently concluded public offering.
COMPANY NEWS
CUSTODIAN & ALLIED INSURANCE PLC: The Directors are recommending an interim dividend of N0.075 per share. The date of closure of register of members is October 20, 2008 while payment date is October 23, 2008.
LAFARGE WAPCO PLC: Unaudited result for the third quarter ended 30th September 2008 shows Turnover of N31.94 billion, as against N29.3 billion in the comparable period of 2007. Profit after tax stood at N7.92 billion compared with N7.73 billion in 2007.
NIGERIAN AVIATION HANDLING CO. PLC: Unaudited result for the third quarter ended 30th September 2008 shows Turnover of N3.2 billion, as against N2.6 billion in the comparable period of 2007. Profit after tax stood at N805.11 million compared with N382.8 million in 2007.
JAPAUL OIL & MARITIME SERVICES PLC: Unaudited result for the third quarter ended 30th September 2008 shows Turnover of N2.6 billion, as against N1.8 billion in the comparable period of 2007. Profit after tax stood at N610.9 million compared with N317.6 million in 2007.
NATIONAL SPORTS LOTTERY PLC: Unaudited result for the third quarter ended 30th September 2008 shows Turnover of N94.45 million, as against N80.33 million in the comparable period of 2007. Profit before tax stood at N1.71 billion compared with loss after tax of N392.7 million in 2007.
CHEMICAL & ALLIED PRODUCTS PLC: Unaudited result for the third quarter ended 30th September 2008 shows Turnover of N1.8 billion, as against N1.5 billion in the comparable period of 2007. Profit after tax stood at N435.54 million compared with N711 million in 2007.

REPORT ON THE OTC MARKET FOR FGN BONDS
A turnover of 376.7 million units worth N382.5 billion in 3,587 deals was recorded this week, in contrast to a total of 397.3 million units valued at N391.31 billion exchanged in 3,505 deals during the week ended Thursday, October 16, 2008. The most active bond (measured by turnover volume) was the 4th FGN Bond 2014 Series 11 with a traded volume of 34.0 million units valued at N34.2 billion in 340 deals. This was followed by the 4th FGN Bond 2010 Series 4 with a traded volume of 31.5 million units valued at N33.7 billion in 306 deals.

For Further Inquiries, Contact
Strategy & New Products Department.
STOCK MARKET REPORT FOR THE WEEK ENDED FRIDAY, 31ST OCTOBER 2008

Source: Nigerian Stock Exchange


A turnover of 1.1 billion shares worth N7.2 billion in 25,472 deals was recorded this week, in contrast to a total of 987.5 million shares valued at N8.44 billion exchanged last week in 19,885 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 383.23 million shares worth N4.3 billion exchanged by investors in 14,364 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 120.12 million shares, representing 31.34% of the subsector’s turnover.
The Insurance subsector, boosted by activity in the shares of Investment and Allied Assurance Plc and Universal Insurance Co. Plc, followed on the week’s activity chart with a turnover of 360.9 million shares valued at N468.6 million in 1,923 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 13.3% to close on Friday at 41,884.10. The market capitalization of the 197 First -Tier equities closed lower at N8 trillion.
Two (2) stocks appreciated in price during the week, lower than the three (3) in the preceding week. Nigerian Bag Manufacturing Co. Plc led on the gainers’ table with a gain of N0.24 to close at N3.90 per share while FTN Cocoa Processors Plc followed with N0.12 to close at N2.03 per share.
Ninety - One (91) stocks depreciated in price during the week, higher than the seventy-four (74) in the preceding week. Chevron Oil Nigeria Plc led on the price losers’ table, dropping by N37.26 to close at N345.04 per share while Guinness Nigeria Plc followed with a loss of N21.33 to close at N86.25 per share. Other price losers in the Top 10 category include:
• Oando Plc - N15.77
• Conoil Plc - N10.22
• Union Bank of Nigeria Plc - N7.12
• Nigerian Breweries Plc - N6.27
• Zenith Bank Plc - N5.97
• First Bank of Nigeria Plc - N4.80
• Lafarge WAPCO Plc - N4.77
• BOC Gases Plc - N4.77
The price of Guinness Nigeria Plc was adjusted for a final dividend of N6.00 per share as recommended by the Board of Directors.
Delisting
The African Paints Plc N20 Million Redeemable Debenture Stock 1997/2000 was delisted from the Daily official List on October 30, 2008 on receiving confirmation from the Trustee that the Debenture had been fully redeemed. By this action, the number of listed corporate bonds and securities dropped to 43 and 302, respectively.
COMPANY NEWS
UNION BANK OF NIGERIA PLC: Audited result for the year ended 31st March 2008 shows Gross Earnings of N113 billion as against N89.24 billion in 2007. Profit after tax stood at N26.85 billion compared with N13.9 billion in 2007. The Directors are recommending a dividend of N1.00 per share and bonus of 1 for 6. The date of closure of register of members is November 17, 2008 while payment date is December 3, 2008. The Annual General Meeting is scheduled to hold at the Auditorium of Giginya Hotel, Bye-Pass Road, Sokoto on Wednesday, November 26, 2008
ACCESS BANK PLC: Unaudited result for the half year ended 30th September 2008 shows Gross Earnings of N46.2 billion, as against N23.43 billion in the comparable period of 2007. Profit after tax stood at N11.5 billion compared with N5.32 billion in 2007.
THE TOURIST COMPANY OF NIGERIA PLC: Audited result for the year ended 31st December 2007 shows Turnover of N1.5 billion as against N1.23 billion in 2006. Profit after tax stood at N123.8 million compared with loss after tax of N296.62 million in 2006. The date of closure of register of members is December 1, 2008.
COSTAIN (WA) PLC: Audited result for the year ended 31st March 2008 shows Turnover of N3.8 billion as against N3.02 billion in 2007. Profit after tax stood at N353.22 million compared with N108 million in 2007.
PREMIER PAINTS PLC: Audited result for the year ended 31st December 2007 shows Turnover of N186.02 million as against N203.1 million in 2006. Profit after tax stood at N6.11 million compared with loss after tax of N16.6 million in 2006. The date of closure of register of members is November 13, 2008. The Annual General Meeting is scheduled to hold on December 11, 2008.
ECOBANK TRANSNATIONAL INCORPORATED: Unaudited result for the third quarter ended 30th September 2008 shows Gross Revenue of N97 billion (US$824.51 million), as against N60.3 billion (USUS$473.83 million) in the comparable period of 2007. Profit after tax stood at N12.22 billion (US$103.93 million) compared with N10.00 billion (US$78.61 million) in 2007
UAC OF NIGERIA PLC: Unaudited result for the third quarter ended 30th September 2008 shows Turnover of N28.1 billion, as against N22 billion in the comparable period of 2007. Profit after tax and extra-ordinary items stood at N3.7 billion compared with N2.3 billion in 2007.
UACN PROPERTY DEVELOPMENT CO. PLC: Unaudited result for the third quarter ended 30th September 2008 shows Turnover of N11.15 billion, as against N4.1 billion in the comparable period of 2007. Profit after tax stood at N2.6 billion compared with N788.24 million in 2007.
ASO SAVINGS & LOANS PLC: Unaudited result for the half year ended 30th September 2008 shows Gross earnings of N5.34 billion, as against N3.01 billion in the comparable period of 2007. Profit after tax stood at N1.02 billion compared with N557 million in 2007.
PRESCO PLC: Unaudited result for the third quarter ended 30th September 2008 shows Turnover of N2.83 billion, as against N1.9 billion in the comparable period of 2007. Profit after tax stood at N811.54 million compared with N267.14 million in 2007.
CHEMICAL & ALLIED PRODUCTS PLC: Unaudited result for the third quarter ended 30th September 2008 shows Turnover of N1.8 billion, as against N1.5 billion in the comparable period of 2007. Profit after tax stood at N435.54 million compared with N711 million in 2007.
RED STAR EXPRESS PLC: Unaudited result for the half year ended 30th September 2008 shows Turnover of N2.04 billion, as against N1.6 billion in the comparable period of 2007. Profit after tax stood at N190.4 million compared with N148.2 million in 2007.
NEM INSURANCE PLC: Unaudited result for the third quarter ended 30th September 2008 shows Gross Premium of N3.3 billion, as against N2.02 billion in the comparable period of 2007. Profit after tax stood at N623.04 million compared with N330.05 million in 2007.
LASACO ASSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows Gross Premium of N2.42 billion, as against N1.6 billion in the comparable period of 2007. Profit after tax stood at N657 million compared with N560.03 million in 2007.
OASIS INSURANCE PLC: Unaudited result for the third quarter ended 30th September 2008 shows Gross Premium of N626.8 million, as against N380.3 million in the comparable period of 2007. Profit after tax stood at N121.5 million compared with N81.42 million in 2007.
TRANS-NATIONWIDE EXPRESS PLC: Unaudited result for the third quarter ended 30th September 2008 shows Turnover of N355.12 million, as against N287.2 million in the comparable period of 2007. Profit after tax stood at N45.84 million compared with N44.23 million in 2007.
ETERNA OIL & GAS PLC: Unaudited result for the third quarter ended 30th September 2008 shows Turnover of N10 billion, as against N4.1 billion in the comparable period of 2007. Profit after tax stood at N86.3 million compared with loss after tax of N101.95 million in 2007.
UNION VENTURES & PETROLEUM PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N46.53 million, as against N31.7 million in the comparable period of 2007. Loss after tax stood at N1.3 million compared with N3.15 million in 2007.
CHAMPION BREWERIES PLC: Audited result for the year ended 31st December 2007 shows Turnover of N1.62 billion as against N1.1 billion in 2006. Loss after tax stood at N330.74 million compared with N422.54 million in 2006.
COMPANY FORECASTS
ASO SAVINGS & LOANS PLC: The Company forecasts a Gross Earnings of N8.23 billion and profit after tax of N1.53 billion by the third quarter ending December 31, 2008.
REPORT ON THE OTC MARKET FOR FGN BONDS
A turnover of 226.1 million units worth N229.45 billion in 1,546 deals was recorded this week, in contrast to a total of 376.7 million units valued at N382.5 billion exchanged in 3,587 deals during the week ended Thursday, October 24, 2008. The most active bond (measured by turnover volume) was the 5th FGN Bond 2013 Series 1 with a traded volume of 19.7 million units valued at N18.7 billion in 94 deals. This was followed by the 4th FGN Bond 2010 Series 4 with a traded volume of 18.9 million units valued at N19.5 billion in 121 deals. Twenty-Seven (27) of the 42 listed FGN Bonds were traded during the week.

Source: NSE

STOCK MARKET REPORT FOR THE WEEK ENDED FRIDAY, 7TH NOVEMBER 2008
A turnover of 1.8 billion shares worth N13.74 billion in 38,845 deals was recorded this week, in
contrast to a total of 1.1 billion shares valued at N7.2 billion exchanged last week in 25,472 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
1.14 billion shares worth N10 billion exchanged by investors in 21,953 deals. Volume in the
Banking subsector was largely driven by activity in the shares of Spring Bank Plc, First Inland
Bank Plc and Access Bank Plc. Trading in the shares of the three banks accounted for 476.3
million shares, representing 41.6% of the subsector’s turnover.
The Insurance subsector, boosted by activity in the shares of Investment and Allied Assurance Plc
and Universal Insurance Co. Plc, followed on the week’s activity chart with a turnover of 316.8
million shares valued at N382.8 million in 3,024 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 5.43% to close on Friday at 34,351.81. The market capitalization
of the 197 First -Tier equities closed lower at N7.53 trillion.
Twenty - Two (22) stocks appreciated in price during the week, higher than the two (2) in the
preceding week. Nigerian Breweries Plc led on the gainers’ table with a gain of N3.70 to close at
N35.87 per share while First bank of Nigeria Plc followed with N2.11 to close at N22.21 per
share. Other price gainers in the Top 10 category include:
• Stanbic IBTC Bank Plc - N0.93
• Presco Plc - N0.59
• Union Dicon Salt Plc - N0.45
• University Press Plc - N0.42
• Custodian & Allied Insurance Plc - N0.42
• Skye Bank Plc - N0.40
• International Breweries Plc - N0.36
• Associated Bus Company Plc - N0.31
Seventy - Nine (79) stocks depreciated in price during the week, lower than the ninety - one (91)
in the preceding week. Also, as I the preceding week, Chevron Oil Nigeria Plc led on the price
losers’ table, dropping by N33.63 to close at N311.41 per share while Nestle Nigeria Plc followed
with a loss of N11.27 to close at N214.16 per share. Other price losers in the Top 10 category
include:
• Flour Mills of Nigeria Plc - N8.41
• Union Bank of Nigeria Plc - N6.71
• UACN Plc - N5.98
• 7-Up Bottling Company Plc - N5.96
• Guinness Nigeria Plc - N4.72
• PZ Cussons Nigeria Plc - N3.99
• Glaxo Smithkline Consumer Plc - N3.94
• Intercontinental Bank Plc - N3.85
…Delisting
The 2nd FGN Bond 2008 Series 5 (S5) was delisted from the Daily Official List on Monday,
November 3, 2008. By this action, the number of FGN Bonds and securities dropped to 38 and
301, respectively.
COMPANY NEWS
PLATINUMHABIB BANK PLC: Audited result for the year ended 30th June 2008 shows
Gross Earnings of N87.23 billion as against N36.2 billion in 2007. Profit after tax stood at N19.6
billion compared with N7.75 billion in 2007. The Directors are recommending a dividend of
N0.45 per share. The date of closure of register of members is November 17, 2008 while payment
date is November 26, 2008. The Annual General Meeting is scheduled to hold at the Lagoon
Restaurant, Ozumba Mbadiwe Street, Victoria Island, Lagos on Tuesday, November 25, 2008
FIRST BANK OF NIGERIA PLC: Unaudited result for the half year ended 30th September
2008 shows Gross Earnings of N97 billion, as against N66.51 billion in the comparable period of
2007. Profit after tax stood at N23.8 billion compared with N15.3 billion in 2007.
DIAMOND BANK PLC: Unaudited result for the half year ended 31st October 2008 shows
Gross Earnings of N46 billion, as against N25.32 billion in the comparable period of 2007. Profit
after tax stood at N9.84 billion compared with N5.81 billion in 2007.
STANBIC IBTC BANK PLC: Unaudited result for the third quarter ended 30th September
2008 shows Gross Earnings of N63.9 billion, as against N21.51 billion in the comparable period
of 2007. Profit after tax stood at N10.6 billion compared with N5.8 billion in 2007.
DANGOTE SUGAR REFINERY PLC: Unaudited result for the third quarter ended 30th
September 2008 shows Turnover of N64.4 billion, as against N62.05 billion in the comparable
period of 2007. Profit after tax stood at N18.55 billion compared with N17.85 billion in 2007.
OANDO PLC: Unaudited result for the third quarter ended 30th September 2008 shows
Turnover of N198.64 billion, as against N174.3 billion in the comparable period of 2007. Profit
after tax stood at N5.56 billion compared with N3.56 billion in 2007.
MOBIL OIL NIGERIA PLC: Unaudited result for the third quarter ended 30th September 2008
shows Turnover of N49.6 billion, as against N40.05 billion in the comparable period of 2007.
Profit after tax stood at N2.14 billion compared with N1.3 billion in 2007.
AG LEVENTIS (NIG) PLC: Unaudited result for the third quarter ended 30th September 2008
shows Turnover of N8.2 billion, as against N5.1 billion in the comparable period of 2007. Profit
after tax stood at N807.4 million compared with N411.9 million in 2007.
RT BRISCOE (NIG) PLC: Unaudited result for the third quarter ended 30th September 2008
shows Turnover of N14.7 billion, as against N12 billion in the comparable period of 2007. Profit
after tax stood at N571.3 million compared with N476.61 million in 2007.
ALUMINIUM EXTRUSION INDUSTRY PLC: Unaudited result for the third quarter ended
30th September 2008 shows Turnover of N923.5 million, as against N799.53 million in the
comparable period of 2007. Profit after tax stood at N46.5 million compared with N38.05 million
in 2007.
MORISON INDUSTRIES PLC: Unaudited result for the third quarter ended 30th September
2008 shows Turnover of N289.64 million, as against N147.52 million in the comparable period of
2007. Profit after tax stood at N21.9 million compared with N8.15 million in 2007.
STANDARD ALLIANCE INSURANCE PLC: Unaudited result for the third quarter ended
30th September 2008 shows Gross Premium of N3.15 billion, as against N1.8 billion in the
comparable period of 2007. Profit after tax stood at N1.1 billion compared with N257.04 million
in 2007.
NIGER INSURANCE PLC: Unaudited result for the half year ended 30th June 2008 shows
Gross Premium of N2.55 billion, as against N2.03 billion in the comparable period of 2007. Profit
after tax stood at N453.1 million compared with N354.12 million in 2007.
INVESTMENT & ALLIED ASSURANCE PLC: Unaudited result for the third quarter ended
30th September 2008 shows Gross Premium of N1.21 billion, as against N531.34 million in the
comparable period of 2007. Profit after tax stood at N496.7 million compared with N205.14
million in 2007.
GOLDLINK INSURANCE PLC: Unaudited result for the third quarter ended 30th September
2008 shows Gross Premium of N2.12 billion, as against N1.8 billion in the comparable period of
2007. Profit after tax stood at N372.93 million compared with N619.51 million in 2007.
GREAT NIGERIA INSURANCE PLC: Unaudited result for the third quarter ended 30th
September 2008 shows Gross Premium of N776.2 million, as against N605.32 million in the
comparable period of 2007. Profit after tax stood at N88.1 million compared with N132.2 million
in 2007.
VONO PRODUCTS PLC: Unaudited result for the third quarter ended 30th September 2008
shows Turnover of N480.53 million, as against N1.1 billion in the comparable period of 2007.
Loss before tax stood at N110.8 million compared with N462.1 million in 2007.
ARBICO PLC: Audited result for the year ended 31st December 2006 shows Turnover of N1.45
billion as against N1.34 billion in 2005. Loss after tax stood at N19.5 million compared with
profit after tax of N12.1 million in 2005. The date of closure of register of members is November
26, 2008. The Annual General Meeting is scheduled to hold at the Imo Concorde Hotel, Owerri –
Port Harcourt Road on Friday, December 5, 2008.
WEST AFRICAN GLASS INDUSTRY PLC: Audited result for the year ended 31st December
2007 shows Turnover of N1.42 billion as against N1.41 billion in 2006. Loss after tax stood at
N360.14 million compared with N152.7 million in 2006. The date of closure of register of
members is November 17, 2008.
INCAR (NIG) PLC: Audited result for the year ended 31st December 2007 shows Turnover of
N127.6 million as against N109.02 million in 2006. Loss after tax stood at N2.01 million
compared with profit after tax of N1.01 million in 2006.
COMPANY FORECASTS
SCOA NIGERIA PLC: The Company forecasts a Turnover of N755.9 million and profit after
tax of N7.7 million by the fourth quarter ending December 31, 2008.
ASO SAVINGS & LOANS PLC: The Company forecasts a Turnover of N4.01 billion and
profit after tax of N1.53 billion by the third quarter ending December 31, 2008.
MORISON INDUSTRIES PLC: The Company forecasts a Turnover of N382.05 million and
profit after tax of N23 million by the fourth quarter ending December 31, 2008.
REPORT ON THE OTC MARKET FOR FGN BONDS
A turnover of 237.8 million units worth N237.9 billion in 2,036 deals was recorded this week, in
contrast to a total of 226.1 million units valued at N229.45 billion exchanged in 1,546 deals
during the week ended Thursday, October 30, 2008. The most active bond (measured by turnover
volume) was the 4th FGN Bond 2010 Series 4 with a traded volume of 46.3 million units valued
at N46.2 billion in 299 deals. This was followed by the 4th FGN Bond 2010 Series 1 with a
traded volume of 22.6 million units valued at N23.9 billion in 208 deals. Twenty-Three (23) of
the 41 listed FGN Bonds were traded during the week compared to twenty-seven in the preceding
week.

source NSE

STOCK MARKET REPORT FOR THE WEEK ENDED FRIDAY, 14TH NOVEMBER 2008
A turnover of 2 billion shares worth N18.55 billion in 53,739 deals was recorded this week, in contrast to a total of 1.8 billion shares valued at N13.74 billion exchanged last week in 38,845 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 1.1 billion shares worth N13.82 billion exchanged by investors in 33,773 deals. Volume in the Banking subsector was largely driven by activity in the shares of Access Bank Plc, First City Monument Bank Plc and Oceanic Bank International Plc. Trading in the shares of the three banks accounted for 397.44 million shares, representing 36.4% of the subsector’s turnover.
The Insurance subsector, boosted by activity in the shares of International Energy insurance Plc and Investment and Allied Assurance Plc, followed on the week’s activity chart with a turnover of 482.25 million shares valued at N878.92 million in 5,125 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 10.3% to close on Friday at 37,876.06. The market capitalization of the 197 First -Tier equities closed higher at N8.31 trillion.
Sixty (60) stocks appreciated in price during the week, higher than the twenty-two (22) in the preceding week. Two stocks each from the Breweries and Banking subsectors occupied the Top four positions on the gainers table. Guinness Nigeria Plc led on the gainers’ table with a gain of N22.50 to close at N104.03 per share while Nigerian Breweries Plc followed with N9.13 to close at N45.00 per share. Other price gainers in the Top 10 category include:

• First Bank of Nigeria Plc - N6.11

• Zenith Bank Plc - N5.85

• Dangote Sugar Refinery Plc - N4.05

• Guaranty Trust Bank Plc - N3.79

• Dangote Flour Mills Plc - N3.36

• United Bank for Africa Plc - N3.12

• Costain (WA) Plc - N3.00

• Nigerian Aviation Handling Co. Plc - N2.85

Forty (40) stocks depreciated in price during the week, lower than the seventy-nine (79) in the preceding week. Two Petroleum (Marketing) stocks led on the losers table. As in the preceding week, Chevron Oil Nigeria Plc led on the price losers’ table, dropping by N44.41 to close at N267.00 per share while Oando Plc followed with a loss of N27.09 to close at N119.02 per share. Other price losers in the Top 10 category include:

• Nig. Enamelware Plc - N13.67


• Julius Berger Nigeria Plc - N6.18

• Benue Cement Co. Plc - N5.56

• Nig. Bottling Co. Plc - N3.22

• BOC Gases Plc - N2.90

• UACN Plc - N1.77

• Neimeth International Pharmaceutical Plc - N1.00

• Lafarge WAPCO Plc - N0.90

The price of Nigerian Enamelware Plc was adjusted for dividend of N0.60 per share and bonus of 1 for 5 as recommended by the Board of Directors.
…Supplementary Listing
A total of 11,520,000 shares were added to the shares outstanding in the name of Nigerian Enamelware Plc on following from the bonus of 1 for 5.
COMPANY NEWS
ZENITH BANK PLC: Audited result for the 15 months ended 30th September 2008 shows Gross Earnings of N208.3 billion as against N94.9 billion during the 12 months ended 30th June 2007. Profit after tax stood at N52 billion compared with N18.8 billion in June 2007. The Directors are recommending a dividend of N1.70 per share. The date of closure of register of members is November 24, 2008 while payment date is December 5, 2008. The Annual General Meeting is scheduled to hold on Thursday, December 4, 2008
PLATINUM HABIB BANK PLC: Unaudited result for the first quarter ended 30th September 2008 shows Gross Earnings of N34.8 billion, as against N14.6 billion in the comparable period of 2007. Profit after tax stood at N6.54 billion compared with N3.55 billion in 2007.
FIDELITY BANK PLC: Unaudited result for the first quarter ended 30th September 2008 shows Gross Earnings of N13.94 billion, as against N7.7 billion in the comparable period of 2007. Profit after tax stood at N3.02 billion compared with N2.64 billion in 2007.
AFRICAN PETROLEUM PLC: Unaudited result for the third quarter ended 30th September 2008 shows Turnover of N122.95 billion, as against N74.81 billion in the comparable period of 2007. Profit after tax stood at N5.05 billion compared with N2.82 billion in 2007.
BENUE CEMENT PLC: Unaudited result for the third quarter ended 30th September 2008 shows Turnover of N9.82 billion, as against N4.5 billion in the comparable period of 2007. Profit after tax stood at N4.8 billion compared with profit after tax and extra-ordinary items of N2 billi0n in 2007.
JULIUS BERGER NIGERIA PLC: Unaudited result for the third quarter ended 30th September 2008 shows Turnover of N69.5 billion, as against N49.65 billion in the comparable period of 2007. Profit after tax stood at N1.7 billion compared with N995.0 million in 2007.
GLAXO SMITHKLINE CONSUMER PLC: Unaudited result for the third quarter ended 30th September 2008 shows Turnover of N9.3 billion, as against N7.4 billion in the comparable period of 2007. Profit after tax stood at N1.12 billion compared with N728 million in 2007.
UNION DIAGNOSTICS & CLINICAL SERVICES PLC: Unaudited result for the third quarter ended 30th September 2008 shows Turnover of N918.51 million, as against N545.8 million in the comparable period of 2007. Profit after tax stood at N386.71 million compared with N255.1 million in 2007.
TANTALIZERS PLC: Unaudited result for the third quarter ended 30th September 2008 shows Turnover of N3.3 billion, as against N2.75 billion in the comparable period of 2007. Profit after tax stood at N344.03 million compared with N140.85 million in 2007.
COSTAIN (WEST AFRICA) PLC: Unaudited result for the half year ended 30th September 2008 shows Turnover of N590.82 million, as against N558.42 million in the comparable period of 2007. Profit after tax stood at N300.3 million compared with N130.55 million in 2007.
NORTHERN NIGERIA FLOUR MILLS PLC: Unaudited result for the half year ended 30th September 2008 shows Turnover of N4.7 billion, as against N2.45 billion in the comparable period of 2007. Profit after tax stood at N75.2 million compared with N32.3 million in 2007.
EKOCORP PLC: Unaudited result for the third quarter ended 30th September 2008 shows Turnover of N193.52 million, as against N166.0 million in the comparable period of 2007. Profit after tax stood at N35.31 million compared with N40.2 million in 2007.
INTERNATIONAL ENERGY INSURANCE PLC: Unaudited result for the third quarter ended 30th September 2008 shows Gross Premium of N2.41 billion, as against N1.6 billion in the comparable period of 2007. Profit after tax stood at N1.6 billion compared with N590.15 million in 2007.
GOLDLINK INSURANCE PLC: Unaudited result for the third quarter ended 30th September 2008 shows Gross Premium of N2.12 billion, as against N1.8 billion in the comparable period of 2007. Profit after tax stood at N619.51 million compared with N490.4 million in 2007.
CONSOLIDATED HALLMARK INSURANCE PLC: Unaudited result for the third quarter ended 30th September 2008 shows Gross Premium of N1.92 billion, as against N999.82 million in the comparable period of 2007. Profit after tax stood at N597.45 million compared with N89.23 million in 2007.
EQUITY ASSURANCE PLC: Unaudited result for the third quarter ended 30th September 2008 shows Gross Premium of N1.85 billion, as against N1.23 billion in the comparable period of 2007. Profit after tax stood at N541.9 million compared with N150.7 million in 2007.
STARCOMM PLC: Unaudited result for the third quarter ended 30th September 2008 shows Turnover of N27.13 billion, as against N14.73 billion in the comparable period of 2007. Loss after tax stood at N2.15 billion compared with N675.02 million in 2007.
ADSWITCH PLC: Unaudited result for the first quarter ended 31st July 2008 shows Turnover of N9.31 million, as against N7.432billion in the comparable period of 2007. Loss after tax stood at N2.4 billion compared with N0.97 million in 2007.
AFRICAN PAINTS (NIG) PLC: Audited result for the year ended 31st December 2007 shows Turnover of N59.9 million as against N78.11 million in 2006. Loss after tax stood at N16.42 million compared with N22.3 million in 2006.
ALUMACO PLC: Audited result for the year ended 31st December 2007 shows Turnover of N417.83 million as against N500.62 million in 2006. Loss after tax stood at N39 million compared with N73.64 million in 2006.
DUNLOP NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N1.25 billion, as against N3.6 billion in the comparable period of 2007. Loss before tax stood at N1.5 billion compared with N500.72 million in 2007.
COMPANY FORECASTS
AFRICAN PETROLEUM PLC: The Company forecasts a Turnover of N43.7 billion and profit after tax of N1.8 billion during the fourth quarter ending December 31, 2008.
JULIUS BERGER NIGERIA PLC: The Company forecasts a Turnover of N102.1 billion and profit after tax of N2.43 billion by year ending December 31, 2008.
NEM INSURANCE PLC: The Company forecasts Gross Premium of N4.05 billion and profit after tax of N726.34 million by year ending December 31, 2008.
ROYAL EXCHANGE PLC: The Company forecasts Turnover of N1.1 billion and profit after tax of N89.05 million during the fourth quarter ending September 30, 2008.
UNITY BANK PLC: The Bank forecasts Gross Earnings of N20.35 billion and profit after tax of N8.2 billion during October – December 2008.
REPORT ON THE OTC MARKET FOR FGN BONDS
A turnover of 275.7 million units worth N274.4 billion in 1,800 deals was recorded this week, in contrast to a total of 237.8 million units valued at N237.9 billion exchanged in 2,036 deals during the week ended Thursday, November 6, 2008. The most active bond (measured by turnover volume) was the 4th FGN Bond 2010 Series 14 with a traded volume of 48.7 million units valued at N48.9 billion in 224 deals. This was followed by the 4th FGN Bond 2010 Series 4 with a traded volume of 32.3 million units valued at N31.52 billion in 136 deals. Twenty-Five (25) of the available 41FGN Bonds were traded during the week compared to twenty-three in the preceding week.

xplicitiyk (m)
lagos
Posts: 5

Offline

Re: Nigerian Stock Exchange (NSE) Weekly Updates
« #6 on: April 17, 2008, 09:04 PM »

--------------------------------------------------------------------------------
Please culd someone also explain how to quote someone else's comment a s i tried to do this and couldn't get it earlier. Would appreciate this @seun and all.

If you know how to use word then it will be easy. You will click on the comment, hold down the shift key then drag to your ideal stop. Right click and click on copy.Click on the reply section(down by the right) ,in the inbox right click and paste. You can highlight and change the colour.

My friends in the house, i have come to make u guys smile ralating to Nigeria capital market, i was talking with senior pilot in Nigeria AViation Industry, few weeks ago. He was crying, image a wealthy man crying that he has lost huge amount of money, but i tried to make him feel good by exposing the tenet of our capital market. It is no longer news that the present global crisis has hand in the persistent bearish trend in our capital market. i want every nigerians to smile especially Nairaland subscribers, that is my reason of being here, Mark my words, the bearish trend will continue till January. In january there will a great bullish trend, so be informed, if u want to know the date that d market will rebounce in january, believe me i will give u the date but i will want u to do one thing for me, WIN TWO SOULS TO CHRIST, i am not being spiritual in my analysis, am strictly scientific and so have made all the necessary investigation. My friends out there, i suggest you buy shares betwee now and jan , th. I repeat, bullish trend in january, i love u all

My friends in the house, i have come to make u guys smile ralating to Nigeria capital market, i was talking with senior pilot in Nigeria AViation Industry, few weeks ago. He was crying, image a wealthy man crying that he has lost huge amount of money, but i tried to make him feel good by exposing the tenet of our capital market. It is no longer news that the present global crisis has hand in the persistent bearish trend in our capital market. i want every nigerians to smile especially Nairaland subscribers, that is my reason of being here, Mark my words, the bearish trend will continue till January. In january there will a great bullish trend, so be informed, if u want to know the date that d market will rebounce in january, believe me i will give u the date but i will want u to do one thing for me, WIN TWO SOULS TO CHRIST[b][/b], i am not being spiritual in my analysis, am strictly scientific and so have made all the necessary investigation. My friends out there, i suggest you buy shares betwee now and jan , th. I repeat, bullish trend in january, i love u all

So you know the exact date it will rebounce in January?

it's true that the year 2007 was a bumper yield on the stock market, the 2008 only God knows. now why can't any broker in Nigeria come up with channels where investors can buy into other markets outside Nigeria and Africa. say other emerging Markets like Asia and Latin America markets for example the Ghana stock exchange and that of Tunisia are up 60%. i mean this would have help minimize the heavy loss recorded in the Nigerian stock ecxchange. so pls brokers the earlier the better this is another form of diversification which also connotes the proverbial saying : ''do put all your eggs in one basket'' cheers sammie wayo

What is going on with with the NSE website and how long will it take them to reconstruct their (bleep) website?

Can somebody please teach me how to calculate the intrinsic value of a stock.

How can one get a loan for shares?

It is quite worrisome that the official website of the nigerian stock exchange has been down for past 1 month or thereby!

Dear ajilore,
with regards to you post to learn or looking for somebody to teach you how to calculate the intrinsic value of a company stock? l can teach you how to calculate the intrinsic value of a company stock and also help you get a share loan from one of the Banks in Nigeria with monthly repayment plan spread between 12 months to 30 months and you can get loan upto maximum of 10 million naira.

The training on how to calculate the intrinsic value of a company share is an online based training and lectures holds three times week and will last for one month and will also teach you how to use technical analysis for short term stock trading.

if you are interested you can e-mail me on johnagbai@yahoo.com or call me on my mobile 07028405688.

John Agbai

frank_ike:

1) i want every nigerians to smile especially Nairaland subscribers, that is my reason of being here, Mark my words,
2) the bearish trend will continue till January.
3) In january there will a great bullish trend,
4) if u want to know the date that d market will rebounce in january, believe me i will give u the date
5) My friends out there, i suggest you buy shares betwee now and jan , th.
6) I repeat, bullish trend in january, i love u all

Hi! You probably mean well, so I've left out the part where Jesus Christ is being confused with stock trading. Let's get down to brass tasks (to coin a phrase).

a) in item 3); bullish trend for which stocks? All stocks? There're many stocks on the NSE. Name 10 stocks that you anticipate a bullish trend for.
b) you claim that your investigation have been scientific; what methods have you used?
c) if b) above is correct, do you then recognise that investigation and prediction are two different territories? Your investigations may have been correct, but predictions require a different sort of wizardry.

In any case, giving you the benefit of the doubt, why don't you lay out your scientific investigations?
.

Hi friends, please, is FBN IPO or PO still on ?

ON THIS DAY 15TH OF JANUARY 2008
Nigerian Stock market index  closed at 28,103.10 with 7,747 deals and 255,346,864 volumes traded. On the gainers list we have CHEVRON, BOCGAS, PZ and BCC while the losers list with more percentage losses include  MOBIL, AP TOTAL and NESTLE.
How low can NSE index go before we can see a move upward?

frank_ike:

My friends in the house, i have come to make u guys smile ralating to Nigeria capital market, i was talking with senior pilot in Nigeria AViation Industry, few weeks ago. He was crying, image a wealthy man crying that he has lost huge amount of money, but i tried to make him feel good by exposing the tenet of our capital market. It is no longer news that the present global crisis has hand in the persistent bearish trend in our capital market. i want every nigerians to smile especially Nairaland subscribers, that is my reason of being here, Mark my words, the bearish trend will continue till January. In january there will a great bullish trend, so be informed, if u want to know the date that d market will rebounce in january, believe me i will give u the date but i will want u to do one thing for me, WIN TWO SOULS TO CHRIST[/b], i am not being spiritual [b]in my analysis, am strictly scientific and so have made all the necessary investigation. My friends out there, i suggest you buy shares betwee now and jan , th. I repeat, bullish trend in january, i love u all

bros, please share this scientific investigation with us. I have never come across anyone who could predict a market 100%, so if you have the secret sauce, kindly let us know.

Feb 6, Market Report

Source: Nigerian Stock Exchange


A turnover of 1.8 billion shares worth N8.71 billion in 34,863 deals was recorded last week, in contrast to a total of 1.2 billion shares valued at N6.6 billion exchanged the previous week in 29,319 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 827.45 million shares worth N5.52 billion exchanged by investors in 18,156 deals. Volume in the Banking subsector was largely driven by activity in the shares of Oceanic Bank International Plc, Guaranty Trust Bank Plc and Intercontinental Bank Plc. Trading in the shares of the three banks account ed for 334.62 million shares, representing 40.6% of the subsector’s turnover.

The Insurance subsector, boosted by activity in the shares of Investment and Allied Assurance Plc and Goldlink Insurance Plc, followed on the week’s activity chart with a turnover of 401.0 million shares valued at N321.8 million in 3,712 deals.

Two weeks ago, the Banking subsector led on the activity chart and was followed by the Insurance subsector.

Price Movement:
The All-Share Index rose by 9.2% to close on Friday at 23,817.83. The market capitalization of the 199 First -Tier equities closed higher at N5.33 trillion.

Sixty – Nine (69) stocks appreciated in price during the week, higher than the seven (7) in the preceding week. Five Banking, two Breweries stocks were among the Top 10 price gainers. Oando Plc led on the gainers’ table with a gain of N12.06 to close at N66.26 per share while Guinness Nigeria Plc followed with N4.80 to close at N75.00 per share.

Other price gainers in the Top 10 category include:
• First Bank of Nigeria Plc - N3.95
• Nigerian Breweries Plc - N3.51
• Zenith Bank Plc - N3.31
• PZ Cussons Nigeria Plc - N3.15
• Dangote Sugar Refinery Plc - N2.75
• Union Bank of Nigeria Plc - N2.65
• United Bank for Africa Plc - N1.82
• PlatinumHabib Bank Plc - N1.69

Thirty - Nine (39) stocks depreciated in price during the week, lower than the ninety (90) in the preceding week. Two Petroleum (Marketing) stocks occupied the Top positions on the losers’ table. African Petroleum Plc led, dropping by N49.20 to close at N216.13 per share while Total Nigeria Plc followed with a loss of N24.90 to close at N149.75 per share.

Other price losers in the Top 10 category include:
• Nestle Nigeria Plc - N23.73
• Mobil Oil Nigeria Plc - N14.94
• Chevron Oil Nigeria Plc - N11.46
• Julius Berger Nigeria Plc - N4.19
• Cadbury Nigeria Plc - N1.10
• UACN Plc - N1.02
• IHS Nigeria Plc - N0.77
• Longman Nigeria Plc - N0.72


COMPANY NEWS
UNIVERSITY PRESS PLC: Unaudited result for the third quarter ended 31st December 2008 shows Turnover of N1.2 billion, as against N747.02 million in the comparable period of 2007. Profit after tax stood at N210.7 million compared with N127.4 million in 2007.

AFRICAN PAINTS (NIG) PLC: Audited result for the year ended 30th June 2008 shows Turnover of N20.2 million as against N29.95 million in 2007. Loss after tax stood at N30.14 million compared with N8.21 million in 2007.

INTERCONTINENTAL WAPIC INSURANCE PLC: Unaudited result for the third quarter ended 30th September 2008 shows Gross Premium of N5.2 billion, as against N3.3 billion in the comparable period of 2007. Profit after tax stood at N722.72 million compared with N668.9 million in 2007.

COMPANY FORECASTS
UACN PROPERTY DEVELOPMENT CO. PLC: The Company forecasts Turnover of N3.4 billion and profit after tax of N456.21 million during the first quarter ending March 31, 2009.

TRIPPLE GEE & CO PLC: The Company forecasts Turnover of N213.1 million and profit after tax of N21.02 million during the fourth quarter ending March 31, 2009.

REPORT ON THE O TC MARKET FOR FGN BONDS
A turnover of 164.84 million units worth N168.3 billion in 1,131 deals was recorded this week, in contrast to a total of 240.51 million units valued at N244.95 billion exchanged in 1,413 deals during the week ended Thursday, January 29, 2009. The most active bond (measured by turnover volume) was the 5th FGN Bond 2018 Series 2 with a traded volume of 19.95 million units valued at N19.6 billion in 160 deals. This was followed by the 3rd FGN Bond 2011 Series13 with a traded volume of 18.4 million units valued at N21.2 billion in 184 deals. Twenty – Three (23) of the available thirty - nine (39) FGN Bonds were traded during the week compared to thirty - three (33) in the preceding week.

HI, its nelson from diliale group of companies
your updates are nice, but need to know how timely they are

June 19, 2009 Market Report
Source: Nigerian Stock Exchange


A turnover of 2.75 billion shares worth N25.34 billion in 53,259 deals was recorded this week, in contrast to a total of 1.92 billion shares valued at N13.77 billion exchanged last week in 51,454 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 1.6 billion shares worth N17.1 billion exchanged by investors in 30,684 deals. Volume in the Banking subsector was largely driven by activity in the shares of Diamond Bank Plc, First Bank of Nigeria Plc, U nited Bank for Africa Plc and Access Bank Plc. Trading in the shares of the four banks accounted for 537.82 million shares, representing 34.2% of the subsector’s turnover.

The Insurance subsector, boosted by activity in the shares of Goldlink Insurance Plc and Lasaco Assurance Plc, followed on the week’s activity chart with a turnover of 438.32 million shares valued at N541.4 million in 5,441 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 0.68% to close on Friday at 28,910.19. The market capitalization of the 193 First -Tier equities closed higher at N6.6 trillion. Also, The NSE-30 Index rose by 2.4% to close at 958.74.

Three of the four sectoral indices appreciated - The NSE Food/Beverages Index rose by 1.07% to close at 527.99. The NSE Insurance Index rose by 0.42% to close at 400.02 and The NSE Oil/Gas Index rose by 6.4% to close at 398.20. However, The NSE Banking Index dropped by 2.71% to close at 502.47.

Fifty - Six (56) stocks appreciated in price during the week, higher than the fifty (50) in the preceding week. African Petroleum Plc led on the gainers’ table with a gain of N12.91 to close at N102.90 per share while Guinness Nigeria Plc followed with N10.18 to close at N128.20 per share. Other price gainers’ in the Top 10 category include:

• Oando Plc - N6.83

• Benue Cement Company Plc - N5.50

• Nigerian Breweries Plc - N4.70

• Ecobank Transnational Inc. - N3.65

• Glaxo Smithkline Consumer Plc - N2.50

• Conoil Plc - N1.64

• Dangote Flour Mills Plc - N1.58

• UAC of Nigeria Plc - N1.50

Sixty - Seven (67) stocks depreciated in price during the week, lower than the seventy - four (74) in the preceding week. Julius Berger Nigeria Plc led on the price losers’ table, dropping by N3.51 to close at N34.00 per share while Nige rian Bottling Company Plc followed with a loss of N1.97 to close at N23.76 per share. Other price losers in the Top 10 category include:

• 7-Up Bottling Co. Plc - N1.90

• The Okomu Oil Palm Plc - N1.39

• RT Briscoe (Nig) Plc - N1.37

• United Bank for Africa Plc - N1.28

• Lafarge Cement WAPCO Nig. Plc - N1.18

• Bank PHB Plc - N1.15

• First Bank of Nigeria Plc - N1.01

• Flour Mills of Nigeria Plc - N1.00

Two equity prices were adjusted for dividend as recommended by the Board of Directors. Nigerian Breweries Plc was adjusted for an interim dividend of N1.30 per share. Dangote Sugar Refinery Plc was adjusted for a final dividend of N0.35 per share

COMPANY NEWS

ACCESS BANK PLC: Audited result for the year ended 31st March 2009 shows Gross Earnings of N109,341.1 million as against N57,999.34 million in 2008. Profit after tax stood at N20,814.22 million compared with N15,853.10 million in 2008. The Board of Directors is recommending a dividend of N0.70 per share. The date of closure of register is July 1, 2009 while payment date is on July 14, 2009. The Annual General Meeting is scheduled to hold on Tuesday, July 14, 2009.

OANDO PLC: Audited result for the year ended 31st December 2008 shows Turnover of N339,420.43 million as against N185,892.1 million in 2007. Profit after tax stood at N8,343.32 million compared with N6,343.6 million in 2007. The Board of Directors had earlier recommended a dividend of N3.00 per share. The dates of closure of register and payment would be advised later.

CHAMS PLC: Audited result for the year ended 31st December 2008 shows Turnover of N2,400.34 million as against N4,467.2 million in 2007. Profit after tax stood at N193.02 million compared with N799.32 million in 2007. The Board of Directors had earlier recommended a dividend of N0.03 per share. The date of closure of register is July 10, 2009 while payment date wou ld be advised later. The Annual General Meeting is scheduled to hold on Friday, July 31, 2009.

UAC OF NIGERIA PLC: Unaudited result for the first quarter ended 31st March 2009 shows Turnover of N14,024.33 million, as against N10,565.6 million in the comparable period of 2008. Profit after tax stood at N1,172.64 million compared with N1,039.4 million in 2008.

UNILEVER NIGERIA PLC: Unaudited result for the first quarter ended 31st March 2009 shows Turnover of N10,427.62 million, as against N9,649.72 million in the comparable period of 2008. Profit after tax stood at N1,122.04 million compared with N1,075.53 million in 2008.

SCOA NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N1,647.8 million, as against N1,321.8 million in the comparable period of 2007. Profit after tax stood at N405.6 million compared with N777.2 million in 2007.
CONTINENTAL REINSURANCE PLC: Unaudited result for the first quarter ended 31st M arch 2009 shows Gross Premium of N1,135.3 million, as against N1,034.35 million in the comparable period of 2008. Profit after tax stood at N244.7 million compared with N590.5 million in 2008.

FTN COCOA PROCESSORS PLC: Unaudited result for the first quarter ended 31st March 2009 shows Turnover of N355 million, as against N162.3 million in the comparable period of 2008. Profit after tax stood at N52.91 million compared with N57.0 million in 2008.

TRANS - NATIONWIDE EXPRESS PLC: Unaudited result for the first quarter ended 31st March 2009 shows Turnover of N137.32 million, as against N109.62 million in the comparable period of 2008. Profit after tax stood at N14.8 million compared with N13.42 million in 2008.

MASS TELECOMS INNOVATIONS PLC: Unaudited result for the first quarter ended 31st March 2009 shows Turnover of N550 million, as against N430.6 million in the comparable period of 2008. Profit after tax stood at N35.51 million compared with N22.92 mi llion in 2008.

INTERNATIONAL BREWERIES PLC: Audited result for the year ended 31st December 2008 shows Turnover of N931.92 million as against N561.7 million in 2007. Profit after tax stood at N63.5 million compared with loss after tax of N118.21 million in 2007. The date of closure of register is July 27, 2009. The Annual General Meeting is scheduled to hold on Wednesday, August 5, 2009.

AFRICAN PAINTS (NIG) PLC: Audited result for the year ended 31st December 2008 shows Turnover of N42.6 million as against N59.9 million in 2007. Loss after tax stood at N61.81 million compared with loss after tax and extra-ordinary items of N16.42 million in 2007. The Annual General Meeting is scheduled to hold at Plot 51 Morison Crescent Oregun Industrial Layout on Thursday, July 30, 2009 by 11.30a.m.

AFRICAN PAINTS (NIG) PLC: Unaudited result for the first quarter ended 31st March 2009 shows Turnover of N14.7 million, as against N10.52 million in the comparable peri od of 2008. Loss after tax stood at N5.9 million compared with N8.1 million in 2008.

CADBURY NIGERIA PLC: Unaudited result for the first quarter ended 31st March 2009 shows Turnover of N5,361.2 million, as against N5,564.1 million in the comparable period of 2008. Loss after tax and exceptional items stood at N650.1 million compared with loss after tax of N651.91 million in 2008.

COMPANY FORECASTS
UNILEVER NIGERIA PLC: The Company forecasts Turnover of N20,928.0 million and profit after tax of N2,013.0 million during the half year ending June 30, 2009.

GLAXO SMITHKLINE CONSUMER PLC: The Company forecasts Turnover of N3,759.25 million and profit after tax of N371.5 million during the third quarter ending September 30, 2009.
FTN COCOA PROCESSORS PLC: The Company forecasts Turnover of N386.65 million and profit after tax of N74.6 million during the third quarter ending September 30, 2009.

MAY & BAKER NIGERIA PLC: The Company forecasts Turnover of N2,136.08 million and profit before tax of N196.0 million during the half year ending June 30, 2009.

BERGER PAINTS NIGERIA PLC: The Company forecasts Turnover of N787.9 million and profit after tax of N59.64 million during the third quarter ending September 30, 2009.

VITAFOAM NIGERIA PLC: The Company forecasts Turnover of N9,414.6 million and profit after tax of N523.8 million during the full year ending September 30, 2009.


LAW UNION & ROCK INSURANCE PLC: The Company forecasts Gross Premium of N3.0 billion and profit after tax of N511.53 million during the half year ending June 30, 2009.

LAW UNION & ROCK INSURANCE PLC: The Company forecasts Gross Premium of N4.25billion and profit after tax of N724.7 million during the third quarter ending September 30, 2009.

REPORT ON THE OTC MARKET FOR FGN BONDS
A turnover of 250.8 million units worth N257,482.64 million in 1,396 deals was recorded this week, in contrast to a total of 233.6 million units valued at N236,498.34 million exchanged in 1,258 deals during the week ended Thursday, June 11, 2009. The most active bond (measured by turnover volume) was the 5th FGN Bond 2013 Series 1 with a traded volume of 34.93 million units valued at N34,712.83 million in 172 deals. This was followed by the 4th FGN Bond 2010 Series 7 with a traded volume of 17.5 million units valued at N17,969.3 million in 106 deals. Twenty – Seven (27) of the available forty-Two (42) FGN Bonds were traded during the week, compared to twenty-eight (28) in the preceding week.

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June 26, 2009 Market Report
Source: Nigerian Stock Exchange

A turnover of 2.64 billion shares worth N20.64 billion in 36,728 deals was recorded this week, in contrast to a total of 2.75 billion shares valued at N25.34 billion exchanged last week in 53,259 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 1.25 billion shares worth N13.83 billion exchanged by investors in 21,647 deals. Volume in the Banking subsector was largely driven by activity in the shares of Guaranty Trust Bank Plc, United Bank for Africa Plc, Access Bank Plc and Diamond Bank Plc. Trading in the shares of the four banks accounted for 694.5 million shares, representing 55.5% of the subsector’s turnover.

The Insurance subsector, boosted by activity in the shares of Goldlink Insurance Plc and Standard Alliance Insurance Plc, followed on the week’s activity chart with a turnover of 544.94 million shares valued at N565.7 million in 3,694 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 10.71% to close on Friday at 25,813.55. The market capitalization of the 193 First -Tier equities closed lower at N5.9 trillion. Also, The NSE-30 Index dropped by 8.84% to close at 873.99.

Only one of the four sectoral indices appreciated - The NSE Oil/Gas Index rose by 0.28% to close at 399.33. However, The NSE Food/Beverages Index dropped by 7.0% to close at 491.03. The NSE Bankin g Index dropped by 13.73% to close at 433.46. The NSE Insurance Index dropped by 7.53% to close at 369.91.

Twelve (12) stocks appreciated in price during the week, lower than the fifty - six (56) in the preceding week. Total Nigeria Plc led on the gainers’ table with a gain of N14.05 to close at N169.05 per share while Nestle Nigeria Plc followed with N8.89 to close at N189.00 per share. Other price gainers’ in the Top 10 category include:

• Mobil Oil Nigeria Plc - N5.12

• Benue Cement Company Plc - N2.84

• May & Baker Nigeria Plc - N0.90

• University Press Plc - N0.90

• Lafarge Cement WAPCO Nig. Plc - N0.67

• Longman Nigeria Plc - N0.64

• Neimeth International Pharmaceutical Plc - N0.64

• International Breweries Plc - N0.31

One Hundred and Two (102) stocks depreciated in price during the week, higher than the sixty - seven (67) in the preceding week. UAC of Nigeria Plc led on the price loser s’ table, dropping by N6.00 to close at N35.00 per share while Flour Mills of Nigeria Plc followed with a loss of N5.14 to close at N22.86 per share. Other price losers in the Top 10 category include:

• Julius Berger Nigeria Plc - N4.66

• Nigerian Breweries Plc - N4.50

• Ecobank Transnational Inc. - N4.07

• Zenith Bank Plc - N3.80

• Nig. Bottling Co. Plc - N3.37

• Oando Plc - N3.35

• Guinness Nigeria Plc - N3.20

• African Petroleum Plc - N3.11

Two equity prices were adjusted for dividend as recommended by the Board of Directors. Nigerian Breweries Plc was adjusted for an interim dividend of N1.30 per share. UTC Nigeria Plc was adjusted for a dividend of N0.03 per share.

COMPANY NEWS
OANDO PLC: Audited result for the year ended 31st December 2008 shows Turnover of N339,420.43 million as against N185,892.1 million in 2007. Profit after tax stood at N8,343.32 million compared with N6,343.6 milli on in 2007. The stock price had on August 15, 2008 been adjusted for an interim dividend of N3.00 per share, thus bringing the total gross dividend to N6.00 per share. The date of closure of register is July 6, 2009 while payment date is August 3, 2009. The Annual General Meeting is scheduled to hold at Ibom Hall, Babangida Avenue, Uyo, Akwa Ibom State on Thursday, July 30, 2009.

MAY & BAKER NIGERIA PLC: Audited result for the year ended 31st December 2008. The Board of Directors is recommending a dividend of N0.40 per share. The date of closure of register is July 16, 2009 while payment date would be advised later. The 55th Annual General Meeting is scheduled to hold at Muson Centre, Onikan, Lagos on Tuesday, July 28, 2009.

CHAMS PLC: Audited result for the year ended 31st December 2008 shows Turnover of N2,400.34 million as against N4,467.2 million in 2007. Profit after tax stood at N193.02 million compared with N799.32 million in 2007. The Board of Dir ectors had earlier recommended a dividend of N0.03 per share. The date of closure of register is July 10, 2009 while payment date is August 3, 2009. The 26th Annual General Meeting is scheduled to hold at Plot 1288 Ahmadu Bello Way, Garki, Abuja on Friday, July 31, 2009 by 11.00a.m.

ABBEY BUILDING SOCIETY PLC: Audited result for the year ended 31st October 2008 shows Turnover of N1,164.91 million as against N630.01 million in 2007. Profit after tax stood at N189.5 million compared with N111.3 million in 2007. The Board of Directors is recommending a dividend of N0.03 per share. The date of closure of register is July 7, 2009 while payment date is July 20, 2009. The Annual General Meeting is scheduled to hold at Lagoon Restaurant, 1C Ozumba Mbadiwe Street, Victoria Island, Lagos on Thursday, July 16, 2009 by 11.00a.m.
ALUMINIUM EXTRUSION INDUSTRIES PLC: Audited result for the year ended 31st December 2008 shows Turnover of N1,311.9 million as against N1,042.4 mill ion in 2007. Profit after tax stood at N71.45 million compared with N51.7 million in 2007. The date of closure of register is September 25, 2009. The 22nd Annual General Meeting is scheduled to hold at the Banquet Hall of Metropolitan Hotel, Murtala Mohammed Highway, Calabar, Cross River State on Friday, October 9, 2009 by 11.00a.m.

LIVESTOCK FEEDS PLC: Audited result for the year ended 31st December 2008 shows Turnover of N2,368.6 million as against N932 million in 2007. Profit after tax stood at N45.74 million compared with N34.7 million in 2007. The date of closure of register is July 16, 2009. The 45th Annual General Meeting is scheduled to hold at Lagos Airport Hotel, Ikeja Lagos on Thursday, July 23, 2009 by 11.00a.m.

NIGER INSURANCE PLC: Audited result for the year ended 31st December 2008 shows Gross Premium of N5,324.8 million as against N3,874.22 million in 2007. Profit after tax stood at N206 million compared with N657.02 million in 2007. The Board of Directors is recommending a dividend of N0.05 per share and bonus of 1 for 10. The date of closure of register is July 13, 2009 while payment date is August 10, 2009. The 39th Annual General Meeting is scheduled to hold at Tinapa Business & Leisure Resort, Adiabo, Calabar on Thursday, July 23, 2009 by 10.00a.m.

SOVEREIGN TRUST INSURANCE PLC: Audited result for the year ended 31st December 2008 shows Gross Premium of N3,811.74 million as against N2,487.75 million in 2007. Profit after tax stood at N360.8 million compared with N357.8 million in 2007.

The date of closure of register is July 13, 2009. The Annual General Meeting is scheduled to hold at AGIP Recital Hall, Muson Centre, Onikan, Lagos on Wednesday, July 15, 2009 by 11.00a.m.

SMART PRODUCTS NIGERIA PLC: Audited result for the year ended 31st December 2008 shows Turnover of N13.32 million as against N12.55 million in 2007. Profit after tax stood at N2.5 million compared with N3.9 m illion in 2007. The Board of Directors had earlier recommended a dividend of N0.06 per share. The date of closure of register is July 6, 2009 while payment date is July 17, 2009. The Annual General Meeting is scheduled to hold on Friday, July 17, 2009.

NIGERIAN BOTTLING COMPANY PLC: Unaudited result for the first quarter ended 31st March 2009 shows Turnover of N23,199.0 million, as against N19,364.0 million in the comparable period of 2008. Profit after tax stood at N1,054.0 million compared with N1,164.0 million in 2008.

VITAFOAM NIGERIA PLC: Unaudited result for the half year ended 31st March 2009 shows Turnover of N4,840.8 million, as against N4,107.92 million in the comparable period of 2008. Profit after tax stood at N289.9 million compared with N298.01 million in 2008.

SCOA NIGERIA PLC: Unaudited result for the half year ended 30th June 2008 shows Turnover of N1,648.0 million, as against N1,322.0 million in the comparable period of 2007. Profit after tax stood at N406.0 million compared with N777.0 million in 2007.

CORNERSTONE INSURANCE PLC: Audited result for the year ended 31st December 2008 shows Gross Premium of N3,812.3 million as against N2,775.8 million in 2007. Loss after tax
stood at N419.5 million compared with profit after tax of N325 million in 2007. The date of closure of register is July 13, 2009. The Annual General Meeting is scheduled to hold at AGIP Recital Hall, Muson Centre, Onikan, Lagos on Wednesday, July 15, 2009 by 11.00a.m.

CORNERSTONE INSURANCE PLC: Unaudited result for the first quarter ended 31st March 2009 shows Gross Premium of N1,107.6 million, as against N948.7 million in the comparable period of 2008. Profit after tax stood at N187.6 million compared with N528.93 million in 2008.

VONO PRODUCTS PLC : Unaudited result for the first quarter ended 31st March 2009 shows Turnover of N151 million, as against N169.4 million in the comparable period of 2008. Loss a fter tax stood at N21.23 million compared with N50.01 million in 2008.

RED STAR EXPRESS PLC: The Company informed The Exchange that the Board of Directors meeting earlier scheduled to hold Friday, June 26, 2009 would now hold on Friday, July 10, 2009 by 11.00a.m. The shift became necessary as the 2008/2009 year end audit is yet to be concluded by the auditors.

COMPANY FORECASTS
NIGERIAN BOTTLING COMPANY PLC: The Company forecasts Turnover of N45,277.0 million and profit after tax of N1,507.0 million during the half year ending June 30, 2009.

LIVESTOCK FEEDS PLC: The Company forecasts Turnover of N4,116.65 million and profit after tax of N193.5 million during the full year ending December 31, 2009.

UNIVERSITY PRESS PLC: The Company forecasts Turnover of N926.2 million and profit after tax of N101.22 million during the half year ending September 30, 2009.

FIDSON HEALTHCARE PLC: The Company forecasts Turnover of N1,711.93 million and profit after tax of N161.6 million during the first quarter ending September 30, 2009.

REPORT ON THE OTC MARKET FOR FGN BONDS
A turnover of 328.45 million units worth N334,352.44 million in 1,927 deals was recorded this week, in contrast to a total of 250.8 million units valued at N257,482.64 million exchanged in 1,396 deals during the week ended Thursday, June 18, 2009. The most active bond (measured by turnover volume) was the 6th FGN Bond 2012 Series 1 with a traded volume of 46.4 million units valued at N48,345 million in 447 deals. This was followed by the 4th FGN Bond 2010 Series 74 with a traded volume of 24.0 million units valued at N22,092.05 million in 4 deals. Twenty – Seven (27) of the available forty-Two (42) FGN Bonds were traded during the week, same as in the preceding week.

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