NSE witnessed a reversal in the upward trend seen at the last trading session, as the benchmark index lost 0.57% to close at 30,058.40 with 2,930 deals. Sub-sectors showed mixed performance as the banking, insurance and oil and gas sectors closed positively on the back of Mansard(+4.86%), Eterna(+5.00%), Seplat(+2.62%) and Guaranty(+1.44%) while the consumer and industrial sectors closed in negative territory on the backdrop of Uacn(-4.79%), Honyflour(-4.96%), Pz(-3.85%) and Dangcem(-1.80%).
ASI year-to-date return stands at -13.34%. Among the broad indices, 124million units valued at N1.377bn represents a decrease by 7% at par. At the close of today’s session, 23 stocks advanced relative to 24 decliners while 43 remained unchanged. Top in the gainers’ chart are ETERNA (N1.89), OKOMUOIL (N29.40) and BERGER (N10.90) while TRANSEXPR (N11.03), UACN (N27.46) and UBCAP (N1.34) led the decliners.
In trader’s opinion, investors are advised to take up buying opportunities as stock prices remain fairly priced.
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Csl daily market update 13102015
1. CSL MARKET
REVIEW
Perfect your investment Strategy with CSL daily
insight into the Nigerian Equity Markets
October 13, 2015
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1
Retail Views
NSE…
NSE witnessed a reversal in the upward trend seen at the last trading
session, as the benchmark index lost 0.57% to close at 30,058.40 with
2,930 deals. Sub-sectors showed mixed performance as the banking,
insurance and oil and gas sectors closed positively on the back of
Mansard(+4.86%), Eterna(+5.00%), Seplat(+2.62%) and
Guaranty(+1.44%) while the consumer and industrial sectors closed in
negative territory on the backdrop of Uacn(-4.79%), Honyflour(-
4.96%), Pz(-3.85%) and Dangcem(-1.80%).
ASI year-to-date return stands at -13.34%. Among the broad indices,
124million units valued at N1.377bn represents a decrease by 7% at par.
At the close of today’s session, 23 stocks advanced relative to 24
decliners while 43 remained unchanged. Top in the gainers’ chart are
ETERNA (N1.89), OKOMUOIL (N29.40) and BERGER (N10.90) while
TRANSEXPR (N11.03), UACN (N27.46) and UBCAP (N1.34) led the
decliners.
In trader’sopinion,investorsare advised to take upbuying opportunities
as stock prices remain fairly priced.
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3-wk Trajectory : ASI vs Value
Traded
Series2 Series1
Market Wrap
ASI -0.57% 30,058.40
Index Yr-to-date -13.34%
Market Cap. N10.330Tn
Traded value N1.377Bn
Key Gainers Close (N) %Chg.
Eterna 1.89 5.00
Okomuoil 29.40 5.00
Berger 10.90 4.91
Mansard 2.59 4.86
Flourmill 22.00 2.95
Key Losers Close (N) %Chg.
Transexpr 1.03 -8.85
Uacn 27.46 -4.98
Ubcap 1.34 -4.96
Honyflour 2.49 -4.96
Pz 25.00 -3.85
Global Markets Close %Chg.
FTSE 100 6,372.43 -0.72
The DOW 17,119.03 0.20
S & P 500 2,015.46 0.03
Nikkei 225 18,438.67 1.64
Kenya NSE 140.92 -0.67
Source : Bloomberg
Fixed Income & Commodities
NITTY
3-Month 9.5342
6-Month 11.3627
9-Month 11.3901
12-Month 12.7971
Crude Oil Spot Price
Brent Crude Us$50.00
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2
NASD OTC Market.....
Market witnessed a rebound from yesterday’s low statistics at the unlisted securities; though USI and market
capitalization recorded marginal declines of -0.07% (0.68 basis points) and -0.05 %( N0.26bn) to show 946.40 basis
points and N476.70bn in that order.
Although activity levels recorded appreciations in the volume, value and deals executed by +100,093.93%,
+7,584.66% and +400% respectively. The day’s trades were executed in 15 deals from previous 3deals, volumes
stood at 644,247units and value also stood at N7.26m.
In all, 5(five) securities traded out of the 23 securities admitted to trade, with CSCS Plc recording the largest volume
of stocks traded in 625,000units.
The price chart recorded 2(two) gains and 1 (one) loss, thereby leaving 20 securities to remain unchanged in prices.
CSCS Plc +1.06% (N5.70), Cappa & D’Alberto Plc +0.71% (N69.99) and NDEP Plc -1.10% (N180.00).
Given the current trend in the market, we advise investors to tread cautiously and have a medium to long term
investment view.
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)
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Index
Period
Unlisted Securities Index curve
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3
News Highlight – Politics
The president sends his second list of ministerial nominees to the Senate
Yesterday, the Senate President Bukola Saraki disclosed that President Muhammadu Buhari had submitted the
second list of his ministerial nominees to the National Assembly. This comes almost two weeks after the first list
(which contained only 21 names) was submitted by the president.
The senate president did not reveal the names and is expected to announce the names today. However, as was
the case when the first list was submitted, several newspapers claim to have the names of the ministerial
nominees on the second list and have gone ahead and published these names. See the table below.
At the moment, we have yet to ascertain exactly which portfolio would be assigned to each nominee. We
anticipate this could be disclosed once screening (which is to begin today) has been concluded.