Amidst oversold conditions, the NSE witnessed further decline at today’s session, as the All-Share-Index depreciated by 0.29% to close at 29,052.87bps. All sectorial indices monitored by the exchange showed mixed performance. Portpaint, Dangcem and Oando appreciated by 4.75%, 0.62 and 8.68% respectively leaving NSEIND and NSEOILGS in positive territory. On the back of Unitybnk(-4.62%), Fidelitybk(-2.82%), Continsure(-3.00%), Unilever(-4.98%) and Cadbury(-4.96%), NSEBNK, NSECNSM and NSEINS shed points.

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Retail Views
NSE…
Amidst oversold conditions, the NSE witnessed further decline at
today’s session, as the All-Share-Index depreciated by 0.29% to close at
29,052.87bps. All sectorial indices monitored by the exchange showed
mixed performance. Portpaint, Dangcem and Oando appreciated by
4.75%, 0.62 and 8.68% respectively leaving NSEIND and NSEOILGS in
positive territory. On the back of Unitybnk(-4.62%), Fidelitybk(-2.82%),
Continsure(-3.00%), Unilever(-4.98%) and Cadbury(-4.96%), NSEBNK,
NSECNSM and NSEINS shed points
The All-Share-Index has lost 16.20% year-to-date. Among the broad
indices, 166million units valued at N1.124bn represents a decrease by
46% and 62% in volume and value traded relative to previous figures. At
the close of today’s session, 14 stocks advanced relative to 28 decliners
while 52 remained unchanged. Top in the gainers’ chart are
LEARNAFRCA (N0.71), OANDO (N6.51) and GUINNESS (N129.93) while
IKEJAHOTEL (N3.24), UNILEVER (N34.92) and CADBURY (N19.15) led
the decliners.
See page next page for recent financial results.
Investors are advised to tread cautiously
28,000.00
29,000.00
30,000.00
31,000.00
0.300
5.300
10.300
3-wk Trajectory : ASI vs Value
Traded
Series2 Series1
Market Wrap
ASI -0.29 29,052.87
Index Yr-to-date -16.20%
Market Cap. N9.984Tn
Traded value N1.124Bn
Key Gainers Close (N) %Chg.
Okomuoil 30.20 4.07
Oando 6.51 8.68
Guinness 129.93 4.99
Nascon 7.21 3.00
Nahco 4.25 4.94
Key Losers Close (N) %Chg.
Ikejahotel 3.24 -4.99
Unilever 34.92 -4.98
Cadbury 19.15 -4.96
Dangsugar 6.58 4.91
Total 143.00 -4.67
Global Markets Close %Chg.
FTSE 100 6,278.01 -1.01
The DOW 17,067.25 -0.09
S & P 500 2,003.66 0.00
Nikkei 225 17,891.00 -1.89
Kenya NSE 136.33 -2.53
Source : Bloomberg
Fixed Income & Commodities
NITTY
3-Month 5.8061
6-Month 8.8557
9-Month 9.5543
12-Month 10.3423
Crude Oil Spot Price
Brent Crude Us$49.26

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Name Period Dividend Bonus Closure date
Payment
date Name Period Turnover (N'mil) %Chg PBT (N'mil) PAT (N'mil) %Chg
TOTAL NIG PLC INTERIM 2.00 KOBO Nil 04-Dec-15 14-Dec-15 NEWGOLD ISSUER H1 2015 5,203.00$ -0.61 4,938.00$ 3,560.00$ -59%
NESTLE NIG PLC INTERIM 1000 KOBO Nil 30-Oct-15 07-Dec-15 EQUITY ASSURANCE 9M 2015 2,106 -26% 647- 664- -98%
SEPLAT PET. DEV. CO INTERIM 30 KOBO Nil 23-Nov-15 17-Nov-15 NASCON ALLIED INDUSTRIES 9M 2015 10,192 25% 2,380 1,618 3%
NIGERIA BREWERIES INTERIM 120 KOBO Nil 18-Nov-15 19-Nov-15 CHARMS PLC 9M 2015 855 -56% 564- 564- -756%
RAK UNITY PETROLEUM FY 2015 30 KOBO Nil 27-Oct-15 02-Nov-15 CONTINENTAL REINSURANCE 9M 2015 15,109 26% 2,072 1,537 13%
CONOIL FY 2014 100 Kobo Nil 28-Sep-15 02-Nov-15 UAC OF NIGERIA PLC 9M 2015 54,602 -10% 1,431 1,897- -176%
GUINNESS FY 2014 320 Kobo Nil 12-Oct-15 27-Nov-15 UNITY BANK 9M 2015 49,200 2% 10,347 9,313 -16%
ETI FY 2014 Nil 1 for 15 22-Jul-15 N/A FLOURMILLS OF NIG. Q2 2015 117,583 -29% 24,109 24,109 452%
Academy Press FY2014 Nil 1 for 5 07-Aug-15 N/A UNIVERSITY PRESS Q2 2015 1,140 -14% 273 191 -14%
Northern Nigeria Fl. FY2014 30 kobo Nil RT BRISCOE 9M 2015 9,740 -34% 1,477- 1,477- -392%
Triple Gee FY2014 4 kobo Nil PORTLAND PAINTS & PRODUCT 9M 2015 1,664 -31% 78- 115- -181%
Mansard (Interim) H1 2015 3 kobo Nil 14-Oct-15 26-Oct-15 SEVEN UP BOTTLING CO. PLC 9M 2015 39,569 4% 2,371 1,820 -27%
Union Diagnostic FY2014 ​2.5 kobo ​Nil 21-Aug-15 02-Oct-15 DN MEYER 9M 2015 279 2% 1 1 -101%
SOVEREIGN TRUST INS 9M 2015 5,997 -4% 506 475 -23%
CAVERTON 9M 2015 17,820 -5% 2,253 1,391 -26%
MRS OIL NIG PLC 9M 2015 64,050 -7% 1,259 730 27%
JAPAUL GROUP 9M 2015 7,227 -13% 2,353 2,353- -380%
UNION DIAGNOSTIC & CLINICAL 9M 2015 936 21% 155 145 127%
ABC TRANSPORT 9M 2015 5,101 -2% 116 9- 93%
MUTUAL BENEFIT ASSURANCE 9M 2015 11,841 -6% 1,381 1,295 -29%
WAPIC INSURANCE PLC 9M 2015 5,672 22% 108 33 -73%
STACO INSURANCE 9M 2015 5,184 -1% 483 437 -22%
AG LEVENTIS 9M 2015 8,817 5% 400 152 -59%
INTERNATIONA BREWERIES H1 2015 10,140 1% 1,000 704 -48%
RED STAR EXPRESS 9M 2015 3,357 1% 224 157 -24%
ALUMINIUM EXTRUSUION IND 9M 2015 1,866 22% 112 103 178%
AIRLINE SERVICES & LOGISTIC 9M 2015 3,317 30% 166 166 232%
SCOA NIG PLC 9M 2015 3,810 -41% 421- 421- -335%
CUSTODIAN AND ALLIED PLC 9M 2015 20,366 10% 4,971 3,774 19%
REGENCY ALLIANCE PLC 9M 2015 2,667 3% 506 463 14%
TANTALIZERS PLC 9M 2015 1,497 -49% 462- 462- 41%
FIDELITY BANK PLC 9M 2015 106,570 11% 13,789 11,445 6%
CHELLARAMS PLC H1 2015 10,714 -20% 127 108 -123%
Corporate Action (October 2015) Company Result (October 2015)

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News Highlight – Politics
Speculated portfolios for President Buhari’s ministers
Last week, the Senate concluded the screening of President Buhari’s ministerial nominees. The ministerial
nominess have not been formally assigned portfolios. However, since 1 November, a list which contains
the speculated portfolios for Buhari’s ministers has been circulated widely on social media.
Vanguard newspaper reports that the presidency has refuted this list. The table below contains the
minsters with their speculated portfolios.
Source: Vanguard newspaper, CSL Research
At the moment, we have yet to ascertain exactly which portfolio would be assigned to each nominee. We
note that no date has been set for the inauguration of the ministers.
Speculated portfolios for President Buhari’s
ministers
Source: Vanguard new spaper, CSL Research

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