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Csl daily market update 06082015
1. CSL MARKET
REVIEW
Perfect your investment Strategy with CSL daily
insight into the Nigerian Equity Markets
August 06, 2015
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1
Retail views
NSE…
Consolidating on the gains garnered in the last session, the benchmark index
added 0.29% to close at 31,495.73bps as investors maintained positive
postures towardsconsumer counters.Sub-sectors monitoredbythe Exchange
showed mixed performance; NSEBNK and NSEOILGS closed negative on the
back of Skyebank(-3.20%), ETI(-2.91%) FBNH(-2.17%) and Oando(-3.61%)
while NSECNSM and NSEIND led the chart on the back of heavy gains
recorded by PZ(+10.00%), NB(+6.04%) Dangflour(+3.28%) and
Dangcem(+0.28%).
Market capitalization gained 32billion to close the day at N10.795trillion.
Volume(532million units) and value(N5.329billion) traded appreciated by 58%
and 75% respectively. 19 stocks advanced relative to 28 decliners while 57
remained unchanged. Top in the gainers chart are PZ (N33.00), TRANSCORP
(N2.70) and EVANSMED (N0.69) while FLOURMILL (N30.84), PREMBREW
(N3.10) and HONYFLOUR (N2.62) led the decliners.
See below for recent corporate actions and results.
Cautious trading is still advised, as we do not see a fundamental catalyst
backing recent uptrend.
30,000.00
30,500.00
31,000.00
31,500.00
32,000.00
1.00
6.00
11.00
16.00
3-wk Trajectory : ASI vs Value
Traded
Value Traded ASI
Market Wrap
ASI 0.29% 31,495.73
Index Yr-to-date -9.1%
Market Cap. N10.795Tn
Traded value N5.329Bn
Key Gainers Close (N) %Chg.
PZ 33.00 10.00
NB 134.72 6.04
Mobil 155.00 3.33
Dangflour 3.15 3.28
Transcorp 2.70 9.76
Key Losers Close (N) %Chg.
Flourmill 30.84 -4.99
Honyflour 2.62 -4.73
Oando 12.00 -3.61
Fbnh 6.75 -2.17
FO 200.00 -1.96
Global Markets Close %Chg.
FTSE 100 6,750.91 -0.02
The DOW 17,410.69 -0.74
S & P 500 2,081.06 -0.89
Nikkei 225 20,664.44 0.24
Kenya 146.43 0.42
Source : Bloomberg
Fixed Income & Commodities
NITTY
3-Month 15.0569
6-Month 15.0900
9-Month 15.5671
12-Month 17.1377
Crude Oil Spot Price
Brent Crude Us$49.39
3. Office: 01-2713923, 01-2713920; Mobile: 08068015502; 08055250071; Email: cslservice@fcmb.com; Click here to register
2
NASD OTC Market.....
The Equities market rallied northwards with the “USI” (Unlisted Securities Index) climbing 7.78basis points to
close at 992.25. Market capitalization appreciated by N4.308bn to close at N529.49bn against the previous
close of N525.19bn.
So far, 26 deals were executed as activity levels recorded total volumes of 188,255units and N11,167,975.60
in values traded. The highest volumes were recorded in trades resulting from CSCS Plc standing at
144,945units and Friesland Campina WAMCO Plc at 25,810units.
As advancers; the price appreciation stood at +N3.50 in Friesland Campina WAMCO Plc with a high price of
N288.50, CSCS Plc gaining +0.20k to close at N6.00 and Partnership Investment Plc gaining +0.09k to close
at N0.82k
As for the losing side; only NDEP Plc lost today, declining in price by -N2.50K to close atN146.50. While all
other stocks remained unchanged in prices.
Evidently, our expectation is to see more activities in the market on the part of positioning investors.
Name Period Dividend Bonus Closure date Payment date Name Period
PBT
(N'mil) PAT (N'mil) %Chg
Turnover
(N'mil) %Chg
MRS FY 2014 88 kobo Nil 17 Jul 2015 06-Aug-15 Wapic H1 2015 108 18 -89.5 4.014 8.37
7up FY 2014 275 kobo Nil 17-Jul-15 29-Sep-15 Staco H1 2015 316 267 -57.38 3.395 -0.11
Royalex FY 2014 2 kobo Nil 17 Jul 2015 03-Aug-15 MRS H1 2015 64 37 -88.08 36.984 -21.57
CCNN FY 2014 35 kobo Nil 24-Jul-15 18-Aug-15 Betaglass H1 2015 1.402 1.004 16 7.589 -5
intbrew FY 2014 25 kobo Nil 25-Jul-15 11-Aug-15 Mansard H1 2015 1.173 1.085 34 10.569 10
ETI FY 2014 Nil 1 for 15 22-Jul-15 N/A ABCtrans H1 2015 64 40 14.17 3.306 -6.4
Smartprdct FY 2014 25 kobo Nil 10-Jul-15 11-Aug-15 Unitykapital H1 2015 321 275 52 1.871
UACN H1(2015) 175 kobo Nil 10-Jul-15 24-Sep-15 Vitafoam FY 2014 256 134 -25.3 4.704 7.4
Stanbic IBTC (Interim) H1(2015) 90 kobo Nil 31-Jul-15 28-Aug-15 Academy H1 2015 23 23 -7928.7 598 11.3
Academy Press FY2014 Nil 1 for 5 07-Aug-15 N/A FO H1 2015 3.255 2.53 -19.25 61.168 -23.16
Courteville (Interim) H1(2015) 4 kobo Nil 10-Aug-15 31-Aug-15 Agleventis H1 2015 248 99 -64 5.703 9
Honeywell Flour Mills FY 2014 5 kobo Nil 18-Sep-15 25-Sep-15 SCOA H1 2015 63 44 -75.12 1.884 -70.75
Red Star Express FY 2014 35 kobo Nil 07-Aug-15 14-Sep-15 DANGFLOUR H1 2015 9.554 9.113 -110.8 33.102 15.2
AfriPrud (interim) H1(2015) 17 kobo Nil 24-Aug-15 31-Aug-15 VONO H1 2015 35 37 -274.5 548 -12.64
Northern Nigeria Flour Mills FY2014 30 kobo Nil Lawunion H1 2015 510 433 300 2.311 -15
Consolidated Hallmark (Interim) H1(2015) 2 kobo Nil 14-Aug-15 27-
Aug-2015 Maybaker H1 2015 43 29 -53 3.408 -51
Flour Mills of Nigeria FY2014 210 kobo Nil 14-Aug-15 14
t-
Sep-2015 Japaul H1 2015 1.919 1.919 -1031 5.816 -10
Triple Gee FY2014 4 kobo Nil Unipress Q1 2015 75 75 -32 145 -41
Mansard (Interim) H1(2015) 3 kobo Nil 14-Oct-15 26-Oct-15 Learnafrca H1 2015 167 167 -9.87 444 -0.69
Custodian & Allied (Interim) H1(2015) 6 kobo Nil 21-Aug-15 15-Sep-15 Cutix FY 2014 202 149 -28 2.358 6
SCOA FY2014 7.5 kobo Nil 28-Aug-15 24-Sep-15 Evansmed FY 2013 1.004 820 -388 3.699 -24
Union Diagnostic FY2014 2.5 kobo Nil 21-Aug-15 02-Oct-15 Chellarams Q2 2015 18 18 -16.46 4.798 -11.07
TrippleGee Q1 2015 6 5 272 143 -7
interBrew Q1 2015 618 420 -41 5.224 0.24
Corporate Action (July 2015) Company Result (July 2015)
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3
News Highlight – Walmart
Opportunity for presence expansion
Last week, the Lagos State Governor, Akinwunmi Ambode announced that Walmart Stores (Walmart; Not
Rated) plans to open stores across the state. These would add to its ownership of six Game Stores already in
Nigeria, through a majority stake in Massmart Holdings South Africa (Not Rated) acquired in 2011.
The last ten years have witnessed the entrance of supermarket chains operated by foreign-based companies
with over N205.0bn (US$1.0bn) in investment. Most supermarket chain operators have communicated their
willingness to expand over the coming years. Most notably, South African-based Shoprite Holdings (Not
Rated), owner of Shoprite Stores, last year cited long-term plans to open 800 stores in addition to its 12
existing ones.
Given that the modern retail market is still relatively under-developed, competition will be among the least of
Walmart’s concerns for its stores in the near term, in our view. It will however be operating its stores in a
familiar, yet difficult environment with a volatile foreign exchange rate and slowing consumer demand (see
CSL Nigeria Daily, 4 August).