The Exchange was rather silent today as the All-share-Index barely adding 0.20% before the closing bell. It appears that participants look forward to the ministerial list scheduled to be released tomorrow to determine what trade button to hit –buy or sell. The sectorial indices under the NSE radar showed mixed performance as the oil and gas, consumer and industrial sectors traded in green on the back of oando(+1.94%), Honyflour(+4.72%), Berger(+4.93%) and Dangcem(+1.77%) while the insurance and banking sector were the weak performers on the backdrop of Nem......
Lean: From Theory to Practice — One City’s (and Library’s) Lean Story… Abridged
Csl daily market update 29092015
1. CSL MARKET
REVIEW
Perfect your investment Strategy with CSL daily
insight into the Nigerian Equity Markets
September 29, 2015
2. Office: 01-2713923, 01-2713920; Mobile: 08068015502; 08055250071; Email: cslservice@fcmb.com; Click here to register
1
Retail Views
NSE…
The Exchange was rather silent today as the All-share-Index barely
adding 0.20% before the closing bell. It appears that participants look
forward to the ministerial list scheduled to be released tomorrow to
determine what trade button to hit –buy or sell. The sectorial indices
under the NSE radar showed mixed performance as the oil and gas,
consumer and industrial sectors traded in green on the back of
oando(+1.94%), Honyflour(+4.72%), Berger(+4.93%) and
Dangcem(+1.77%) while the insurance and banking sector were the
weak performers on the backdrop of Nem(-4.17%), Mansard(-4.03%),
Zenithbank(-2.91) and UBA(-1.19%)
ASI year-to-date return stands at -11.06%. Among the broad indices,
the volume (707million units) of trades appreciated by 166% while the
value (2.512bn) depreciated by 21% relative to previous figures. At the
close of today’s session, 20 stocks advanced relative to 28 decliners
while 64 remained unchanged. Top in the gainers’ chart are
TRANSEXPR (N1.27), UPL (N5.46) and BERGER (N10.42) while SCOA
(N4.16), CAVERTON (N3.21) and MAYBAKER (N1.26) led the decliners.
Beco released their FY results for 2012, 2013 and 2014. See below for
details.
Investors strategy should remain engaging stocks with excellent
reputation, have demonstrated sustained growth and is of interest to a
large number of investors.
28,000.00
29,000.00
30,000.00
31,000.00
1.000
11.000
01-Sep
03-Sep
05-Sep
07-Sep
09-Sep
11-Sep
13-Sep
15-Sep
17-Sep
19-Sep
21-Sep
23-Sep
25-Sep
27-Sep
29-Sep
3-wk Trajectory : ASI vs Value
Traded
Series2 Series1
Market Wrap
ASI 0.20% 30,825.00
Index Yr-to-date -11.06%
Market Cap. N10.593Tn
Traded value N2.512Bn
Key Gainers Close (N) %Chg.
UPL 5.46 5.83
Berger 10.42 4.93
Honyflour 2.44 4.72
Flourmill 22.77 3.41
Fidelitybk 1.57 2.61
Key Losers Close (N) %Chg.
Scoa 4.16 -4.81
Jberger 40.00 -4.49
Mansard 2.62 -4.03
PZ 26.20 -3.68
Maybaker 1.26 -4.55
Global Markets Close %Chg.
FTSE 100 5,909.24 -0.83
The DOW 16,050.00 0.30
S & P 500 1,890.69 0.47
Nikkei 225 16,930.84 -4.05
Kenya NSE 148.10 0.00
Source : Bloomberg
Fixed Income & Commodities
NITTY
3-Month 11.4483
6-Month 13.1670
9-Month 14.1872
12-Month 14.4012
Crude Oil Spot Price
Brent Crude Us$48.16
3. Office: 01-2713923, 01-2713920; Mobile: 08068015502; 08055250071; Email: cslservice@fcmb.com; Click here to register
2
NASD OTC Market.....
Market closed today leaving both the Index and market capitalization of unlisted securities trading sideways. The
USI pure price increased marginally by 0.56 %( 5.30basis points) to close 946.34basis points, while market
capitalization declined by -2.72 %( N13.23bn) to record N473.81bn respectively.
Though the number of trades increased marginally by 3deals to show 11deals executed, both volumes and values of
stocks consummated recorded declines of -13.63% and -40.98% to show figures of 892,986units and N5.27m in that
order.
Hence; 4(four) securities traded out of the 23 securities admitted to trade, while Jaiz International Plc recorded the
largest volume of stocks traded with 860,350units.
Today’s price chart recorded 2(two) gainers and 2(two) losers as other stocks remained unchanged in prices. Jaiz
International Plc +12.70 %( N1.42), Arm Properties Plc +0.40 %( N2.50).
Friesland Campina Wamco Plc -6.25% (N225.00), CSCS Plc -1.75% (N5.60).
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
Turnover
(N'mil)
Turnover
(N'mil) prior %Chg PBT (N'mil) PAT (N'mil)
PAT (N'mil)
prior %Chg
CONOIL FY 2014 100 Kobo Nil 28-Sep-15 02-Nov-15 BECO PETROLEUM FY 2014 395 689 -43% 355- 344- 142- -142%
GUINNESS FY 2014 320 Kobo Nil 12-Oct-15 27-Nov-15 BECO PETROLEUM FY 2013 689 1,465 -53% 114- 142- 1,637- 91%
Nigerian Enamelware FY 2014 45 Kobo Nil 11th Sep 2015 29-Sep-15 BECO PETROLEUM FY 2012 1,465 4,515 -68% 1,912- 1,637- 260 -730%
PZ FY 2014 61kobo Nil 14/18-Sep2015 30-Sep-15 CONOIL H1 2015 43,027 78,507 -45% 528 359 1,011 -64%
7up FY 2014 275 kobo Nil 17-Jul-15 29-Sep-15 SOVEREIGN TRUST INS H1 2015 4,575 4,802 -5% 702 650 553 18%
ETI FY 2014 Nil 1 for 15 22-Jul-15 N/A STANDARD ALLIANCCE H1 2015 2,512 2,525 -1% 605 496 243 104%
Academy Press FY2014 Nil 1 for 5 07-Aug-15 N/A GUINNESS FY 2014 118,495 109,202 9% 10,795 7,794 9,573 -19%
Northern Nigeria Fl. FY2014 30 kobo Nil STANDARD ALLIANCCE FY 2014 4,333 3,095 40.0% 1,982- 2,080- 880- -136.4%
Triple Gee FY2014 4 kobo Nil UBA H1 2015 166,943 138,225 20.8% 39,046 31,999 22,856 40.0%
Mansard (Interim) H1 2015 3 kobo Nil 14-Oct-15 26-Oct-15 ARBICO FY 2014 3,717 3,350 11.0% 252- 259- 278 -193.2%
Union Diagnostic FY2014 2.5kobo Nil 21-Aug-15 02-Oct-15 CUTIX Q1 2015 665 575 15.7% 66 43 29 48.3%
HONYFLOUR Q1 2015 12,797 13,191 -7.7% 394 283 462 -38.7%
OKOMU OIL H1 2015 4,991 4,869 2.5% 2,139 1,842 1,414 30.3%
Corporate Action (August 2015) Company Result (August 2015)
800.00
900.00
1000.00
10-Sep
12-Sep
14-Sep
16-Sep
18-Sep
20-Sep
22-Sep
24-Sep
26-Sep
28-Sep
Index
Period
Unlisted Securities Index curve
4. Office: 01-2713923, 01-2713920; Mobile: 08068015502; 08055250071; Email: cslservice@fcmb.com; Click here to register
3
News Highlight – Public sector
FAAC disbursements decline in August
The Federal Ministry of Finance announced last week that the Federation Account Allocation Committee (FAAC)
distributed the sum of N442.6bn (US$2.2bn) to the three tiers of government for the month of August. The sum shared
was 15.6% lower than N511.8bn (US$2.6bn) distributed for July, and 17.1% lower than the median disbursements for
the last twelve months.
The Permanent Secretary, Federal Ministry of Finance, Mrs Anastasia Nwaobia attributed the drop in FAAC
disbursements to lower oil prices, along with a sharp decline in crude oil production, largely as a result of shut-in of
production for maintenance at different times and terminals during the month of July..
Latest data from the Organisation of Petroleum Exporting Countries (OPEC) however, do not appear to confirm the
reasons given by Nwaobia. While average crude oil (Brent) prices actually fell to US$55.87/bbl in July from
US$62.35/bbl in June, OPEC (based on direct communication from the oil producing countries) reported higher crude
oil production for Nigeria, with an average of 1.78 million barrels per day (mbpd) in July compared to 1.57mbpd in
June.
Average Brent prices fell to US$46.78/bbl for the month of August while average crude oil production according to
OPEC, was slightly lower at 1.75mbpd for the same month. Going by these figures alone, we do not anticipate an
increase in FAAC disbursements for the month of September.