The equities market closed up slightly despite year-to-date returns being down nearly 13%. The deadline for capital market operators to meet new minimum capital requirements has passed, with 437 operators complying including over 170 broker/dealers. Power generation dropped by 1,100 megawatts as output from the largest plant stopped due to alleged sabotage. The IMF cut its forecast for Nigeria's GDP growth to 4% for 2015 due to lower oil prices and output. The Central Bank will freeze the bank accounts of 32 million customers who do not enroll in the Bank Verification Number program by the October 31 deadline.

1. TRUSTBANC CAPITAL
TRUSTBANC GROUP
Weekly Market Report for 09/10/2015
KAJOLA HOUSE
62/64 Campbell Street, 5th
Floor, Lagos
www.trustbancgroup.com
E-mail:info@trustbancgroup.com
Dear Valued Customer,
The equities market closed today on a positive note, as NSE ASI appreciated by 0.14% to close
at 30,165.22 basis points, compared with the 0.06% depreciation recorded yesterday. Its Year-
to-Date (YTD) returns currently stands at -12.96%.
COPORATE NEWS UPDATE…
The Re-capitalization Process & The Status of CMOs Post-Deadline –
The re-capitalization of Capital Market Operators (CMOs) which was kick-started in December
2013 by The Securities & Exchange Commission has officially come to a close on 30th Sept,
2015 while the apex market regulatory begins the final process of capital verification.
A provisional list of the Capital Market Operators that have met and complied with the new
minimum capital requirements in line with the set deadline shows that four hundred and
thirty-seven (437) operators survived the hurdle with over 170 broker/dealers dominating the
list.
Power Generation Drops by 1,100mw as Egbin Workers’ Crisis Persist:
Electricity generation in the country has dropped by 1,100 megawatts as output from Egbin
Power Plant; the biggest generating power station in Nigeria has dropped to zero. This was as
a result of alleged sabotage by one of the former employees of the defunct Power Holding
Company of Nigeria who threw an object into the power plant and it tripped off.
Rak Unity Declares 30k Dividend:
Rak Unity Oil and Gas Company shocked investors on Wednesday after it proposed a dividend
payment of 30kobo per share for a stock that is trading at 50kobo per share. This suggests a
dividend yield of 60% by far the highest this year and possibly the highest in years by any
Nigerian company.
IMF Cuts Nigeria’s GDP Growth Forecast to 4%:
The International Monetary Fund (IMF) has forecast a four per cent growth rate for Nigeria’s
Gross Domestic Product (GDP) in 2015, as the country continues to contend with the challenge
of declining income from the drop in crude oil prices.
The latest growth forecast by the fund is 2.25 percentage points lower than its last year’s
projection for Nigeria.
Interbank rate falls to five-year low:
The interbank overnight lending rate fell to a five-year low on Thursday, hit by excess
liquidity in the market that spurred renewed bond buying from commercial lenders and pension
fund.
FG To Raise N80bn in 2020, 2024 Bonds:
The Federal Government is planning to issue N80bn ($400m) worth of local currency denominated
bond with maturities range between five and 10 years on October 14, the Debt Management
Office has said.
The DMO said on Wednesday that it would issue N40bn each in the debt maturing in 2020 and
2024, respectively at yields to be determined through Dutch Auction System.

2. Subsidy on petrol falls to N576m Daily:
From a high of N51.61 per litre on June 11, 2015, subsidy on every litre of Premium Motor
Spirit consumed in the country has dropped to N14.39, from the data obtained from the
Petroleum Products Pricing Regulatory Agency on Sunday showed.
The dip in the subsidy payable by the Federal Government is partly due to the sustained
decline in global crude oil prices, which have continued to trade below the $50 per barrel
mark in recent weeks
BVN Deadline: CBN To Freeze 32m Bank Accounts Nov. 1:
The Managing Director, Ecobank Nigeria, Jibril Aku yesterday, disclosed that Bank customers
who fail to meet the October 31 deadline to enroll on the Bank Verification Number (BVN)
network will have their accounts frozen.
GRAPHICAL ANALYSIS OF THE NSE ALL -SHARE -INDEX PERFORMANCE FOR THE WEEK:

3. 2015 N’ m % Change
Gross Earning 229,082 184,435 24.2%
PAT 53,180 47,445 11.9%
ANALYSIS OF THE MARKET PERFORMANCE FOR THE WEEK
SECTORIAL PERFORMANCE DURING THE WEEK UNDER REVIEW
29700
29800
29900
30000
30100
30200
ASI
ASI
700
710
720
730
740
750
760
Consumer Goods
Consumer
Goods
Sectorial Performances:

4. TOP GAINERS TOP LOSERS
Symbols Last Close Current Change Symbols
Last
Close
Current Change
FO
253.65 254.98 1.33
NB
141.05 140.00 1.05
ASHAKACEM
22.00 22.41 0.41
SEPLAT
230.00 229.00 1.00
GUARANTY
23.00 23.33 0.33
GUINNESS
153.00 152.11 0.89
7UP
195.70 196.00 0.30
CCNN
8.32 7.91 0.41
INTBREW
17.01 17.30 0.29
FCMB
2.25 2.09 0.16
For any comment or further enquiries, please call these numbers; 07052112345, 08038524952.
Kindly look forward to the next edition.