panafrican daily market report 27-june-2014)

8A, Elsie Femi Pearse, Adeola Odeku Victoria Island, Lagos. Tel: 234 (0) 1 2716899, 2718630 W: www.panafricancapitalplc.com E: [email protected]

For further enquiries, please call Mayowa Oladipupo on +2348035042312 or Wale Alabi on +2348036137457

PanAfrican Capital Daily Market Review

Friday, 27th June, 2014

Market Highlights The Market appreciated at the end of today’s trading as Investors on the floor of the Nigerian Stock Exchange traded 361.230 million shares worth N4.991 billion in 4,789 deals. The market capitalization of the 194 listed equities increased by 1.10 percent to close at N13.930 trillion from N13.779 trillion recorded in the previous trading day. The All-Share Index of the NSE also increased by 1.10 percent to close at 42,187.62 from 41,729.59 on Thursday.

QUARTERLY RESULTS

COMPANY TURNOVER (₦’B)

CURRENT PAT (₦’B)

PREVIOUS PAT (₦’B) PERIOD

LAW UNION AND ROCK INSURANCE PLC 1.042 0.194 0.053 Q3,2013

REGENCY ALLIANCE INSURANCE PLC 1.066 0.275 0.141 Q1, 2014

FORTE OIL PLC 34.781 1.103 0.531 Q1, 2014

Source: Nigerian Stock Exchange

MONEY MARKET INDICATORS(27/06/2014) INDICES RATE9%

NIBOR(180 days) 14.12

LIBOR (180 days) (USD) 0.33

TB (180 days) 12.25

5 years F.G. Bond 13.67

PRIME LENDING RATE 17.90

DEPOSIT RATE 2.63–8.44

Source: Financial Market Dealers Quotations

CBN MONETARY INSTRUMENTS RATES May-2014 Mar-2014

MONETARY POLICY RATE(MPR) 12.00 12.00

LIQUIDITY RATIO(LR) 30.00 30.00

CASH RESERVE RATIO(CRR) - Private(Public) 15.00 (75.00) 12.00 (75.00)

INFLATION RATE May Apr. NBS (Year-on-Year Inflation Rate) 8.00 7.90

MONTHLY CRUDE OIL PRICE 25/06/2014

CRUDE OIL PRICE(BONNY LIGHT) ($) 115.4

Source: Central Bank of Nigeria

Market Update

UAC sustains growth, to pay N3.4bn dividend

UAC of Nigeria Plc is to pay a total of N3.4bn to its shareholders as dividend after its

top line growth rose by 13 per cent to N78.7bn in 2013 from N69.6bn. The Chairman,

UAC, Senator Udo Udoma, said on Wednesday at the company’s annual general

meeting in Lagos that the figure represented a 31 per cent increase on the N2.5bn

dividend it paid for 2012. He added that the figure, approved by the shareholders at the

meeting, was recommended by the Board of Directors following the positive

performance in the 2013 financial year. Udoma, who attributed the performance to

proactive responses to market dynamics by the company’s management, explained that

acquisitions made in 2013 had positioned the company for significant growth. He said,

“During the year, we acquired two new companies – Livestock Feeds Plc – and

Portland Paints and Products Nigeria Plc; and continued to build on our strategy of

working with partners who bring value to our businesses.

BOC Gases first half profits slow on rising operating costs

BOC Gases Nigeria plc, a company that manufactures industrial and medical gases,

says low patronage from its value customers and rising operating costs caused decline

in first quarter performance. This was stated in a statement posted on the website of the

Nigerian Stock Exchange. For the first three months of the year, BOC’ pre-tax profits

fell by 28.86 percent to N100.76 million from N140.64 percent last year, while sales

dropped by 3.09 percent to N537.32 million.

Emerging Markets Show Biggest Premium Since ’12 With ETFs

Nobody likes missing a bull market, even if it’s happening half a world away. With

stocks rising from Sao Paulo (IBOV) to Moscow to Istanbul, asset managers have piled

almost $11 billion into developing-nation exchange-traded funds listed in the U.S. this

quarter, the most since 2012, according to data compiled by Bloomberg. That’s sent the

premium of the biggest -- Vanguard Group Inc.’s FTSE Emerging Markets ETF - to an

average 0.2 percentage-point over its underlying assets, the widest gap in two years.

This report is produced by PanAfrican Capital Plc as a guide for clients that intend to invest in Securities on the

basis of their own investment decision without relying completely on the information contained herein. No

responsibility or liability is accepted for error of fact or any opinion expressed herein.

KEY MARKET INDICATORS

INDICATORS

Friday Thursday

% Change 27/06/2014 26/06/2014

NSE Index 42,187.62 41,729.59 +1.10

Deals 4,789 6,040 -20.71

Volume (M) 361.230 411.480 -12.21

Value (₦’BN) 4.991 3.421 +45.89

Market Cap (₦’TRN) 13.930 13.779 +1.10


TOP TRADED STOCKS STOCK VOLUME (UNITS) VALUE (₦)

FBNH 136,302,928 2,126,414,588.81

WAPIC 28,564,563 21,891,725.64

OANDO 21,155,782 571,841,546.79

TRANSCORP 20,236,040 95,511,302.48

ACCESS 17,336,361 166,398,089.26


TOP 5 GAINERS

TOP 5 LOSERS

STOCK LAST CLOSE

TODAY CLOSE

CHANGE STOCK

LAST CLOSE

TODAY CLOSE

CHANGE

NESTLE 1,050.00 1,098.90 48.90 FO 225.64 206.30 -19.34

GUINNESS 189.21 200.00 10.79 CONOIL 67.80 65.40 -2.40

DANGCEM 235.00 240.00 5.00 CHAMPION 10.70 10.17 -0.53

UNILEVER 50.00 52.40 2.40 CCNN 11.60 11.14 -0.46

NB 170.02 172.00 1.98 TOTAL 171.50 171.05 -0.45


NAIRA EXCHANGE RATE CURRENCY BUY SELL

BUREAU DE CHANGE 27/06/2014

US DOLLAR 165.00 163.00

POUNDS 285.50 280.00

EURO 236.00 232.00

CBN 27/06/2014

US DOLLAR

154.74

155.75

Source: Central Bank of Nigeria and Market information

CORPORATE ACTIONS

COMPANY BONUS DIVIDENDS(₦) CLOSURE DATE AGM DATE

NPF MICROFINANCE BANK N/A 0.10 9TH

JUNE, 2014 26TH

JUNE, 2014

CAPITAL HOTEL PLC N/A 0.05 9TH

JUNE, 2014 24TH

JUNE, 2014

NASCON N/A 0.90 10TH

JUNE, 2014 19TH

JUNE, 2014


AFRICAN INDICIES

INDEX NAME TODAY PREVIOUS DAY %CHANGE

GHANA; GSE CI 2,366.08 2,346.02 +0.86

EGYPT 30 8,093.75 8,081.75 +0.15

SOUTH AFRICA; JSE 50,585.13 50,761.82 -0.35

CASABLANCA; MASI 9,247.45 9,250.28 -0.03

BOTSWANA; DCI 9,133.50 9,122.11 +0.12

Source: Various Countries’ Exchanges

panafrican daily market report 27-june-2014)

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