The document provides a daily market review and analysis of the Nigerian stock market from CSL Stockbrokers. It summarizes that the All Share Index fell 1.3% and closed below 30,000 points, with most sectors declining. It also reviews corporate actions, results reported, and fixed income and commodity prices. In politics news, it discusses the second list of ministerial nominees submitted by the President to the Senate for approval.

1. CSL MARKET
REVIEW
Perfect your investment Strategy with CSL daily
insight into the Nigerian Equity Markets
October 14, 2015

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1
Retail Views
NSE…
Amidst oversold conditions, the NSE witnessed further decline at
today’s session, as the All-Share-Index closed below 30,000bps
psychological mark. Most sectorial indices monitored by the exchange
closed in red which led to a 1.30% depreciation in the All Share Index.
NEM and AIICO appreciated by 4.85% and 1.12% respectively leaving
NSEINS as the only sub-sector in positive territory. On the back of
Unitybnk(-8.98%), Portpaint(-5.00%), Oando(-4.90%) and UACN(-
6.23%), NSEBNK, NSEIND, NSEOILGS and NSECNSM shed points
The All-Share-Index has lost 14.64% year-to-date. Among the broad
indices, 160million units valued at N1.646bn represents an increase by
29% and 20% in volume and value traded relative to previous figures. At
the close of today’s session, 18 stocks advanced relative to 27 decliners
while 49 remained unchanged. Top in the gainers’ chart are OKOMUOIL
(N32.40), MOBIL (N159.00) and NASCON (N7.66) while UNITYBNK
(N1.52), UACN (N25.75) and EVANSMED (N0.62) led the decliners.
In the trader’s opinion, investors are advised to take up buying
opportunities as stocks remain fairly priced.
28,000.00
29,000.00
30,000.00
31,000.00
1.000
6.000
11.000
16.000
14-Sep
16-Sep
18-Sep
20-Sep
22-Sep
24-Sep
26-Sep
28-Sep
30-Sep
02-Oct
04-Oct
06-Oct
08-Oct
10-Oct
12-Oct
14-Oct
3-wk Trajectory : ASI vs Value
Traded
Series2 Series1
Market Wrap
ASI -1.30% 29,668.16
Index Yr-to-date -14.64%
Market Cap. N10.196Tn
Traded value N1.646Bn
Key Gainers Close (N) %Chg.
Okomuoil 32.40 10.20
Mobil 159.00 4.95
Nascon 7.66 4.93
Vitafoam 5.63 1.62
Afriprud 2.66 1.53
Key Losers Close (N) %Chg.
Unitybk 1.52 -8.98
Uacn 25.75 -6.23
Evansmed 0.62 -6.06
Oando 9.51 -4.90
UBA 4.18 -4.84
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 9.1049
6-Month 11.0499
9-Month 11.4623
12-Month 12.3812
Crude Oil Spot Price
Brent Crude Us$49.36

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2
NASD OTC Market.....
Market sentiment was rather high with the increased demand in the volume of stocks of the unlisted securities. The
USI’s price added +0.23 %( 2.22basis points) to record 948.62basis points, whereas market capitalization declined
by -3.40 %( N16.21bn) to record N460.49bn in that order.
Further appreciations were also recorded in the volume and value of trades for the day, from 644,247units to
160,255,958units and N7.26m to N882.78m respectively; even as trades were executed in only 8 deals from previous
15deals.
3(three) securities traded out of the 23 securities admitted to trade, with CSCS Plc recording the largest volume of
stocks traded in 160,013,129units.
Today’s price chart recorded 1(one) gain and 1 (one) loss, with 21 securities remaining unchanged in prices. CSCS
Plc +9.65% (N6.25) and Friesland Campina Wamco Plc -8.70 %( N210.00).
Given the current trend in the market, we advise positioning investors to take up a medium to long term investment
approach in the unlisted securities space.
Name Period Dividend Bonus Closure date
Payment
date Name Period
Turnover
(N'mil) %Chg PBT (N'mil) PAT (N'mil) %Chg
CONOIL FY 2014 100 Kobo Nil 28-Sep-15 02-Nov-15 RAK UNITY PETROLEUM FY 2015 7,246 89% 132 89 68%
GUINNESS FY 2014 320 Kobo Nil 12-Oct-15 27-Nov-15 VITAFOAM 9M 2015 13,842 4% 521 335 -86%
​Nigerian Enamelware FY 2014 45 Kobo Nil 11th Sep 2015 29-Sep-15 CAPITAL OIL FY 2014 2,106 -29% 113- 131- 72%
PZ FY 2014 61 kobo Nil 14/18-Sep2015 30-Sep-15 PZ CUSSONS NIG PLC Q1 2015 14,953 -0.4% 546 427 -33%
7up FY 2014 275 kobo Nil 17-Jul-15 29-Sep-15 INFINITY TRUST 9M 2015 555 9% 213 181 6%
ETI FY 2014 Nil 1 for 15 22-Jul-15 N/A BECO PETROLEUM FY 2013 689 -53% 114- 142- 91%
Academy Press FY2014 Nil 1 for 5 07-Aug-15 N/A BECO PETROLEUM FY 2012 1,465 -68% 1,912- 1,637- -730%
Northern Nigeria Fl. FY2014 30 kobo Nil CONOIL H1 2015 43,027 -45% 528 359 -64%
Triple Gee FY2014 4 kobo Nil SOVEREIGN TRUST INS H1 2015 4,575 -5% 702 650 18%
Mansard (Interim) H1 2015 3 kobo Nil 14-Oct-15 26-Oct-15 STANDARD ALLIANCCE H1 2015 2,512 -1% 605 496 104%
Union Diagnostic FY2014 ​2.5 kobo ​Nil 21-Aug-15 02-Oct-15 GUINNESS FY 2014 118,495 9% 10,795 7,794 -19%
STANDARD ALLIANCCE FY 2014 4,333 40.0% 1,982- 2,080- -136.4%
UBA H1 2015 166,943 20.8% 39,046 31,999 40.0%
Corporate Action (October 2015) Company Result (October 2015)
800.00
900.00
1000.00
22-Sep
24-Sep
26-Sep
28-Sep
30-Sep
02-Oct
04-Oct
06-Oct
08-Oct
10-Oct
12-Oct
14-Oct
Index
Period
Unlisted Securities Index curve

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News Highlight – Politics
Ministerial Nominees
Senate President Bukola Sakari received the second list of ministerial nominees from President Muhammadu Buhari
on Monday. Prior to the list being made public, several Nigerian media outlets published names that were believed to
be on the list and we published these names in yesterday’s daily. In the event, the actual list received by Sakari differed
fromthat inmedia reports.In the tableonpage2 we publish the correctnames on thesecondlist.Wehave alsoincluded
the names from the first list that was submitted to the senate two weeks ago. The vetting process of this first list of
names began yesterday with 10 nominees appearing before the Senate. Vetting will continue today and, once it is
completed, Buhari will assign the nominees with their ministerial portfolios

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