N137 naira to 1USdollar today , more commentaries please!

Chinese dairy firms involved in the tainted milk scandal are to compensate the families of the nearly 300,000 affected children, state media said. Twenty-two companies will make an undisclosed one-off cash payment to the families; Xinhua reported quoting the China Dairy Industry Association. It comes as the first defendants from the food industry went on trial accused of making and selling melamine. The industrial chemical was added to milk to make it appear high in protein. “The enterprises offered to shoulder the compensation liability. By doing so, they hope to earn understanding and forgiveness of the families of the sickened children,” Xinhua cited the Chinese dairy association as saying. The firms have also agreed to create a fund to cover the medical bills for any potential after-effects of the poisoning, it said. P20081229pg28

Would it not be reasonable and fair to ensure that the manufacturer of "My Pikin" deadly teething mixture is made to pay for damages resulting from adulterated batch. Taking a cue from China!

136 today

THE World Bank has forecast a significant decline in global economic growth in 2009 for both developed and emerging countries. In a report assessing economic prospects, the Bank has predicted that the world's annual economic growth will slow to 0.9 per cent, from 2.5 per cent this year. The rate of growth for emerging economies is expected to be around 4.5 per cent, down from 7.9 per cent in 2007. The report said a deep global recession could not be ruled out and its forecast suggests that, on a per capita basis, world growth would be negative in 2009.

For two well researched power point presentations on the Causes of the present global financial crisis and How sub prime mortgages worked, email made@madeonlineng.com

Why is Nigerian Stock Exchange (NSE) website down:

PLS does anyone have reliable answer(s) to the above. A repository of that standard should not be offline for a second. It seems the site has been down too long for comfort now!

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

yes people have been buying and selling

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.

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.

As at date, PHB seems good to buy

My adviced for you is that you should invest in a businss that you can personally monitor on the internet/computer sinc eyou are presently engaged in a full time job.
Experience and literature records that business supervision/mgt plays a critical role in the elements of risk/return and profitability or loss!

For more information: madeonline@gmail.com

Nice contribution Ibime , i would like to contact you via email in future.

I can also say that the NSE also seems to have bottom out or presently hovering around bottom and support span that was replicated overa five month span about two years back. It may never get as worst as we had it in Q3 and we could record a significantly rise next yr.

teh bulls are here to stay for a while and perhaps longer!

we empatize ith your Uncle, as teh market recovers with a sustained uptrend, we do also strongly hope your uncle would reduce his losses and be encouraged. The fundamentas are right with and in teh market and tehre is no cause to panic.

The Bulls are here again , losses incurred would be recouped and lessons learnt wld stay for a long while to come.

For stocks to buy consider value stocks.

d

The deadline is feasible. The firms involved are also bracing up with technological capability to do e-transactions in preference to manual verification processes.

deleted

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.

d

Remarks of President-Elect Barack Obama-as prepared for delivery
Election Night
Tuesday, November 4th, 2008
Chicago, Illinois


If there is anyone out there who still doubts that America is a place where all things are possible; who still wonders if the dream of our founders is alive in our time; who still questions the power of our democracy, tonight is your answer.

It's the answer told by lines that stretched around schools and churches in numbers this nation has never seen; by people who waited three hours and four hours, many for the very first time in their lives, because they believed that this time must be different; that their voice could be that difference.

It's the answer spoken by young and old, rich and poor, Democrat and Republican, black, white, Latino, Asian, Native American, gay, straight, disabled and not disabled - Americans who sent a message to the world that we have never been a collection of Red States and Blue States: we are, and always will be, the United States of America.

It's the answer that led those who have been told for so long by so many to be cynical, and fearful, and doubtful of what we can achieve to put their hands on the arc of history and bend it once more toward the hope of a better day.

It's been a long time coming, but tonight, because of what we did on this day, in this election, at this defining moment, change has come to America.

I just received a very gracious call from Senator McCain. He fought long and hard in this campaign, and he's fought even longer and harder for the country he loves. He has endured sacrifices for America that most of us cannot begin to imagine, and we are better off for the service rendered by this brave and selfless leader. I congratulate him and Governor Palin for all they have achieved, and I look forward to working with them to renew this nation's promise in the months ahead.

I want to thank my partner in this journey, a man who campaigned from his heart and spoke for the men and women he grew up with on the streets of Scranton and rode with on that train home to Delaware, the Vice President-elect of the United States, Joe Biden.

I would not be standing here tonight without the unyielding support of my best friend for the last sixteen years, the rock of our family and the love of my life, our nation's next First Lady, Michelle Obama. Sasha and Malia, I love you both so much, and you have earned the new puppy that's coming with us to the White House. And while she's no longer with us, I know my grandmother is watching, along with the family that made me who I am. I miss them tonight, and know that my debt to them is beyond measure.

To my campaign manager David Plouffe, my chief strategist David Axelrod, and the best campaign team ever assembled in the history of politics - you made this happen, and I am forever grateful for what you've sacrificed to get it done.

But above all, I will never forget who this victory truly belongs to - it belongs to you.

I was never the likeliest candidate for this office. We didn't start with much money or many endorsements. Our campaign was not hatched in the halls of Washington - it began in the backyards of Des Moines and the living rooms of Concord and the front porches of Charleston.

It was built by working men and women who dug into what little savings they had to give five dollars and ten dollars and twenty dollars to this cause. It grew strength from the young people who rejected the myth of their generation's apathy; who left their homes and their families for jobs that offered little pay and less sleep; from the not-so-young people who braved the bitter cold and scorching heat to knock on the doors of perfect strangers; from the millions of Americans who volunteered, and organized, and proved that more than two centuries later, a government of the people, by the people and for the people has not perished from this Earth. This is your victory.

I know you didn't do this just to win an election and I know you didn't do it for me. You did it because you understand the enormity of the task that lies ahead. For even as we celebrate tonight, we know the challenges that tomorrow will bring are the greatest of our lifetime - two wars, a planet in peril, the worst financial crisis in a century. Even as we stand here tonight, we know there are brave Americans waking up in the deserts of Iraq and the mountains of Afghanistan to risk their lives for us. There are mothers and fathers who will lie awake after their children fall asleep and wonder how they'll make the mortgage, or pay their doctor's bills, or save enough for college. There is new energy to harness and new jobs to be created; new schools to build and threats to meet and alliances to repair.

The road ahead will be long. Our climb will be steep. We may not get there in one year or even one term, but America - I have never been more hopeful than I am tonight that we will get there. I promise you - we as a people will get there.

There will be setbacks and false starts. There are many who won't agree with every decision or policy I make as President, and we know that government can't solve every problem. But I will always be honest with you about the challenges we face. I will listen to you, especially when we disagree. And above all, I will ask you join in the work of remaking this nation the only way it's been done in America for two-hundred and twenty-one years - block by block, brick by brick, calloused hand by calloused hand.

What began twenty-one months ago in the depths of winter must not end on this autumn night. This victory alone is not the change we seek - it is only the chance for us to make that change. And that cannot happen if we go back to the way things were. It cannot happen without you.

So let us summon a new spirit of patriotism; of service and responsibility where each of us resolves to pitch in and work harder and look after not only ourselves, but each other. Let us remember that if this financial crisis taught us anything, it's that we cannot have a thriving Wall Street while Main Street suffers - in this country, we rise or fall as one nation; as one people.

Let us resist the temptation to fall back on the same partisanship and pettiness and immaturity that has poisoned our politics for so long. Let us remember that it was a man from this state who first carried the banner of the Republican Party to the White House - a party founded on the values of self-reliance, individual liberty, and national unity. Those are values we all share, and while the Democratic Party has won a great victory tonight, we do so with a measure of humility and determination to heal the divides that have held back our progress. As Lincoln said to a nation far more divided than ours, "We are not enemies, but friends, though passion may have strained it must not break our bonds of affection." And to those Americans whose support I have yet to earn - I may not have won your vote, but I hear your voices, I need your help, and I will be your President too.

And to all those watching tonight from beyond our shores, from parliaments and palaces to those who are huddled around radios in the forgotten corners of our world - our stories are singular, but our destiny is shared, and a new dawn of American leadership is at hand. To those who would tear this world down - we will defeat you. To those who seek peace and security - we support you. And to all those who have wondered if America's beacon still burns as bright - tonight we proved once more that the true strength of our nation comes not from our the might of our arms or the scale of our wealth, but from the enduring power of our ideals: democracy, liberty, opportunity, and unyielding hope.

For that is the true genius of America - that America can change. Our union can be perfected. And what we have already achieved gives us hope for what we can and must achieve tomorrow.

This election had many firsts and many stories that will be told for generations. But one that's on my mind tonight is about a woman who cast her ballot in Atlanta. She's a lot like the millions of others who stood in line to make their voice heard in this election except for one thing - Ann Nixon Cooper is 106 years old.

She was born just a generation past slavery; a time when there were no cars on the road or planes in the sky; when someone like her couldn't vote for two reasons - because she was a woman and because of the color of her skin.

And tonight, I think about all that she's seen throughout her century in America - the heartache and the hope; the struggle and the progress; the times we were told that we can't, and the people who pressed on with that American creed: Yes we can.

At a time when women's voices were silenced and their hopes dismissed, she lived to see them stand up and speak out and reach for the ballot. Yes we can.

When there was despair in the dust bowl and depression across the land, she saw a nation conquer fear itself with a New Deal, new jobs and a new sense of common purpose. Yes we can.

When the bombs fell on our harbor and tyranny threatened the world, she was there to witness a generation rise to greatness and a democracy was saved. Yes we can.

She was there for the buses in Montgomery, the hoses in Birmingham, a bridge in Selma, and a preacher from Atlanta who told a people that "We Shall Overcome." Yes we can.

A man touched down on the moon, a wall came down in Berlin, a world was connected by our own science and imagination. And this year, in this election, she touched her finger to a screen, and cast her vote, because after 106 years in America, through the best of times and the darkest of hours, she knows how America can change. Yes we can.

America, we have come so far. We have seen so much. But there is so much more to do. So tonight, let us ask ourselves - if our children should live to see the next century; if my daughters should be so lucky to live as long as Ann Nixon Cooper, what change will they see? What progress will we have made?

This is our chance to answer that call. This is our moment. This is our time - to put our people back to work and open doors of opportunity for our kids; to restore prosperity and promote the cause of peace; to reclaim the American Dream and reaffirm that fundamental truth - that out of many, we are one; that while we breathe, we hope, and where we are met with cynicism, and doubt, and those who tell us that we can't, we will respond with that timeless creed that sums up the spirit of a people:

Yes We Can. Thank you, God bless you, and may God Bless the United States of America

Remarks of President-Elect Barack Obama-as prepared for delivery
Election Night
Tuesday, November 4th, 2008
Chicago, Illinois


If there is anyone out there who still doubts that America is a place where all things are possible; who still wonders if the dream of our founders is alive in our time; who still questions the power of our democracy, tonight is your answer.

It's the answer told by lines that stretched around schools and churches in numbers this nation has never seen; by people who waited three hours and four hours, many for the very first time in their lives, because they believed that this time must be different; that their voice could be that difference.

It's the answer spoken by young and old, rich and poor, Democrat and Republican, black, white, Latino, Asian, Native American, gay, straight, disabled and not disabled - Americans who sent a message to the world that we have never been a collection of Red States and Blue States: we are, and always will be, the United States of America.

It's the answer that led those who have been told for so long by so many to be cynical, and fearful, and doubtful of what we can achieve to put their hands on the arc of history and bend it once more toward the hope of a better day.

It's been a long time coming, but tonight, because of what we did on this day, in this election, at this defining moment, change has come to America.

I just received a very gracious call from Senator McCain. He fought long and hard in this campaign, and he's fought even longer and harder for the country he loves. He has endured sacrifices for America that most of us cannot begin to imagine, and we are better off for the service rendered by this brave and selfless leader. I congratulate him and Governor Palin for all they have achieved, and I look forward to working with them to renew this nation's promise in the months ahead.

I want to thank my partner in this journey, a man who campaigned from his heart and spoke for the men and women he grew up with on the streets of Scranton and rode with on that train home to Delaware, the Vice President-elect of the United States, Joe Biden.

I would not be standing here tonight without the unyielding support of my best friend for the last sixteen years, the rock of our family and the love of my life, our nation's next First Lady, Michelle Obama. Sasha and Malia, I love you both so much, and you have earned the new puppy that's coming with us to the White House. And while she's no longer with us, I know my grandmother is watching, along with the family that made me who I am. I miss them tonight, and know that my debt to them is beyond measure.

To my campaign manager David Plouffe, my chief strategist David Axelrod, and the best campaign team ever assembled in the history of politics - you made this happen, and I am forever grateful for what you've sacrificed to get it done.

But above all, I will never forget who this victory truly belongs to - it belongs to you.

I was never the likeliest candidate for this office. We didn't start with much money or many endorsements. Our campaign was not hatched in the halls of Washington - it began in the backyards of Des Moines and the living rooms of Concord and the front porches of Charleston.

It was built by working men and women who dug into what little savings they had to give five dollars and ten dollars and twenty dollars to this cause. It grew strength from the young people who rejected the myth of their generation's apathy; who left their homes and their families for jobs that offered little pay and less sleep; from the not-so-young people who braved the bitter cold and scorching heat to knock on the doors of perfect strangers; from the millions of Americans who volunteered, and organized, and proved that more than two centuries later, a government of the people, by the people and for the people has not perished from this Earth. This is your victory.

I know you didn't do this just to win an election and I know you didn't do it for me. You did it because you understand the enormity of the task that lies ahead. For even as we celebrate tonight, we know the challenges that tomorrow will bring are the greatest of our lifetime - two wars, a planet in peril, the worst financial crisis in a century. Even as we stand here tonight, we know there are brave Americans waking up in the deserts of Iraq and the mountains of Afghanistan to risk their lives for us. There are mothers and fathers who will lie awake after their children fall asleep and wonder how they'll make the mortgage, or pay their doctor's bills, or save enough for college. There is new energy to harness and new jobs to be created; new schools to build and threats to meet and alliances to repair.

The road ahead will be long. Our climb will be steep. We may not get there in one year or even one term, but America - I have never been more hopeful than I am tonight that we will get there. I promise you - we as a people will get there.

There will be setbacks and false starts. There are many who won't agree with every decision or policy I make as President, and we know that government can't solve every problem. But I will always be honest with you about the challenges we face. I will listen to you, especially when we disagree. And above all, I will ask you join in the work of remaking this nation the only way it's been done in America for two-hundred and twenty-one years - block by block, brick by brick, calloused hand by calloused hand.

What began twenty-one months ago in the depths of winter must not end on this autumn night. This victory alone is not the change we seek - it is only the chance for us to make that change. And that cannot happen if we go back to the way things were. It cannot happen without you.

So let us summon a new spirit of patriotism; of service and responsibility where each of us resolves to pitch in and work harder and look after not only ourselves, but each other. Let us remember that if this financial crisis taught us anything, it's that we cannot have a thriving Wall Street while Main Street suffers - in this country, we rise or fall as one nation; as one people.

Let us resist the temptation to fall back on the same partisanship and pettiness and immaturity that has poisoned our politics for so long. Let us remember that it was a man from this state who first carried the banner of the Republican Party to the White House - a party founded on the values of self-reliance, individual liberty, and national unity. Those are values we all share, and while the Democratic Party has won a great victory tonight, we do so with a measure of humility and determination to heal the divides that have held back our progress. As Lincoln said to a nation far more divided than ours, "We are not enemies, but friends, though passion may have strained it must not break our bonds of affection." And to those Americans whose support I have yet to earn - I may not have won your vote, but I hear your voices, I need your help, and I will be your President too.

And to all those watching tonight from beyond our shores, from parliaments and palaces to those who are huddled around radios in the forgotten corners of our world - our stories are singular, but our destiny is shared, and a new dawn of American leadership is at hand. To those who would tear this world down - we will defeat you. To those who seek peace and security - we support you. And to all those who have wondered if America's beacon still burns as bright - tonight we proved once more that the true strength of our nation comes not from our the might of our arms or the scale of our wealth, but from the enduring power of our ideals: democracy, liberty, opportunity, and unyielding hope.

For that is the true genius of America - that America can change. Our union can be perfected. And what we have already achieved gives us hope for what we can and must achieve tomorrow.

This election had many firsts and many stories that will be told for generations. But one that's on my mind tonight is about a woman who cast her ballot in Atlanta. She's a lot like the millions of others who stood in line to make their voice heard in this election except for one thing - Ann Nixon Cooper is 106 years old.

She was born just a generation past slavery; a time when there were no cars on the road or planes in the sky; when someone like her couldn't vote for two reasons - because she was a woman and because of the color of her skin.

And tonight, I think about all that she's seen throughout her century in America - the heartache and the hope; the struggle and the progress; the times we were told that we can't, and the people who pressed on with that American creed: Yes we can.

At a time when women's voices were silenced and their hopes dismissed, she lived to see them stand up and speak out and reach for the ballot. Yes we can.

When there was despair in the dust bowl and depression across the land, she saw a nation conquer fear itself with a New Deal, new jobs and a new sense of common purpose. Yes we can.

When the bombs fell on our harbor and tyranny threatened the world, she was there to witness a generation rise to greatness and a democracy was saved. Yes we can.

She was there for the buses in Montgomery, the hoses in Birmingham, a bridge in Selma, and a preacher from Atlanta who told a people that "We Shall Overcome." Yes we can.

A man touched down on the moon, a wall came down in Berlin, a world was connected by our own science and imagination. And this year, in this election, she touched her finger to a screen, and cast her vote, because after 106 years in America, through the best of times and the darkest of hours, she knows how America can change. Yes we can.

America, we have come so far. We have seen so much. But there is so much more to do. So tonight, let us ask ourselves - if our children should live to see the next century; if my daughters should be so lucky to live as long as Ann Nixon Cooper, what change will they see? What progress will we have made?

This is our chance to answer that call. This is our moment. This is our time - to put our people back to work and open doors of opportunity for our kids; to restore prosperity and promote the cause of peace; to reclaim the American Dream and reaffirm that fundamental truth - that out of many, we are one; that while we breathe, we hope, and where we are met with cynicism, and doubt, and those who tell us that we can't, we will respond with that timeless creed that sums up the spirit of a people:

Yes We Can. Thank you, God bless you, and may God Bless the United States of America.

A year after, I had to laugh and laugh again over this piece. Both parties should pay jare!!!

Does it snow in Iraq -- Femmace cool pic!

i love investment banking ,

A short cut to answering the above question is to consider the ten most capitalized stocks at every point in time, FBN, UBN, UBA, GTB, DANG Sugar, Oceanic and PHB are often on the list.

Best regards

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.

the answer to the above question is NO. Atleast for now. Every invstor must pass through one broker or the other.

cheers

Dear Billy,

Kindly review the above list.


I have it on good rrecords that Prudential Securities Limited ahs been cleared off the above list by SEC.

Pls do kindly update appropriately.

Thanks

yes

nice piece ,

the market slipped downwards for the tenth consecutive trading day today.

We need qualitative analysis on the Impact of the newly introduced market makers and share back policies and how/when they wld turn the market upwards!

Any clues in here