Vanguard Markets | Monday, February 23, 2015 | Issue 030
We view the closure of the rDAS window as a positive development which has moderated the level of uncertainty and apprehensiveness in the FX and capital market regarding possible direction of CBN on exchange rate management. - Afrinvest, February 20, 2015
POSITIVE OUTLOOK
Consumer confidence holding up Consumers are not as pessimistic about the economy as the pundits would have Nigerians believe. Three polls, one international and two local, show that Nigerian businesses and consumers are more upbeat about the economy than they are given credit for. This is not to say that optimism alone is evidence of how things will turn out. It does, however, send a strong message about a continuing faith in the economy and its managers. HE LATEST NOIPolls Consu mer Confidence Index, Nielsen 2014 Consumer Confidence Survey, and FBN Manu facturing Purchasing Managers’ Index (PMI) have thrown up some surprises. Contrary to newspaper headlines and talking heads claims on the dismal state of the economy, the polls show Nigerian businesses and consumers are feeling upbeat. Rising confidence is proof of the resilience of confidence in Africa’s largest economy. This comes in the face of falling oil prices, a battered stock market, and declining foreign exchange rates. The prevalence of optimism among Nigerians about the economy has been commented on before. For example, the Mas terCard Consumer Con fidence Index released in November 2014 showed that Nigeria has the highest consumer confidence in Africa with a score of 96.9. Consumer confidence in Morocco (79.6), South Africa (58.7) and Kenya (38.8) lags behind. The MasterCard survey was conducted between July 2014 and August 2014 on 12,205 respondents aged 18 – 64 in 27 countries within Asia/Pacific, Middle East and Africa.
T
Rising confidence is proof of the resilience of confidence in Africa’s largest economy Business confidence not slowing down FBN Capital begun publishing its Purchasing Managers’ Index in May 2013. Since then, it has carried out the survey every month, now in its 21st edition. FBN, an investment bank, describes the index as a temperature gauge of the manufacturing sector and the only one of its kind in Nigeria.
Adopting a base of 50 for unchanged, above 50 for better, and below 50 for worse, the December 2014 results
show a ‘robust pickup’ of the headline reading to 60.4, a gain 4.6 points above 55.6 recorded in November. The
survey also showed three of the five sub-indices (SI) had risen. The Output SI fell to 56 ↓5.08%, Employment SI rose to 58 ↑18.37%, New Orders SI was unchanged at 62, Suppliers’ Deliv ery Times SI climbed to 62 ↑10.71%, and Stock of Pur chases SI increased to 64 ↑20.75%. The report offered four vital takeaways. If the federal government’s power roadmap leads to the improvement in electricity supply to match demand, analysts at FBN Capital are of the opinion that it could add up to 2 per cent to the country’s GDP. They also cited comments by Dr. Ngozi Okonjo-Iweala, the minister of finance and coordinating minister of the economy, that insecurity in the northeastern parts of Nigeria has shaved off half a percentage point off the gross domestic product. The authors of the PMI survey report note that it is yet early days to determine with precision the impact of the new normal instigated by the Central Bank of Nigeria’s decision to raise the policy rate by 100 basis points to 13.00 per cent, and the cash reserve requirement (CRR) on banks’ private sector deposits by 500 basis points to 20.00 per cent.
! Page VM2
FOREX RATES
$/N
198.5
199.0 191.0 183.0 175.0 167.0 Fr
Mo
Tu
£/N
We
Th
Fr
306.8215
307.0 294.0 281.0 268.0 255.0 Fr
Mo
Tu
Euro/N
We
Th
Fr
226.1312
228.0 218.0 208.0 198.0 188.0 Fr
Mo
Tu
CNY/N
We
Th
Fr
31.7311
33.00 31.00 29.00 27.00 25.00 Fr
Mo
Tu
CFA/N
We
Th
Fr
0.2813
0.31 0.30 0.29 0.28 0.27 Fr
Mo
Tu
We
Th
Currency
Central Rate
SWISS FRANC
209.4766
YEN
1.6678
WAUA
236.8847
RIYAL
52.9108
DANISH KRONE
30.3730
SDR
280.5996
Fr
FIXED INCOME & FOREX
Source: FMDQ
VM2
BUSINESS
VM | Monday, February 23, 2015 | Issue 030
POSITIVE OUTLOOK
Consumer confidence holding up W Continued from Page VM1 These increases have raised borrowing costs for manufacturers, but the burden falls more on the bigger companies as SMEs have less exposure to bank loans. Last, but not least, all sizes of manufacturing companies that import raw materials will bear the brunt of the exchange rate reset of the naira.
out in Nigeria, Ghana, and Kenya. Nigeria reported the highest score (127) among the three countries. It beat Ghana (102) and Kenya (113) to claim the top spot for consumer confidence. Responses to Nielsen’s CCS questionnaire on employment prospects in Nigeria showed an improvement from 58 per cent to 64 per cent.
Since employment has been a major theme in political campaigns, it is pertinent to note that the Current Employment Condition Index (61.02) can be read as respondents’ satisfaction with their current employment condition. Similarly, another theme in this campaign season has been the cost of living. It would cheer Peoples Democratic Party (PDP) stalwarts that the Current Prices of Goods and Services Index (18.06) can be interpreted as consumer perception that the prices of goods and services have decreased.
In the run-up to elections, business and consumer confidence indices can be handy weapons for either side
In the end Ultimately, the cost of these readjustments will be passed on to consumers, especially buyers of food and beverages, textiles, household materials and communication gadgets.
Optimism not missing with Nielsen Early this month, Nielsen, the global information and measurement company, released results of its fourthquarter 2014 Consumer Confidence Survey carried
Hoi polloi are cautious not pessimistic imply NOIPolls The Gallup Polls-affiliated NOIPolls Consumer Confidence Index for January is tepid in its assessment of consumer confidence. The overall index fell by 6 points to 61.39. It was weighed down by the Expectation of Pric es of Goods and Services Index (67.90), which shows that consumers strongly ex-
pect that the prices of goods and services will increase. On the brighter side, the Current Economic Situ ation Index (33.8) saw a
rise of 2.3 points indicating a modest increase in consumer confidence in the present situation of the economy. The Ex pectation of the Country’s
Economic Situation Index (91.76) improved by 5.1 points giving evidence of higher consumer confidence of an improved economic situation.
In the run-up to elections, business and consumer confidence indices can be handy weapons for either side. This is easier said than done because these indices are open to divergent interpretations. Whatever be the case, the mere fact that there was no precipitous slide in the three confidence indices should give confidence to the ruling party. If that confidence is misplaced, only election day will tell. ;
SLIPPERY TERRAIN
Afren jilts Seplat on Val’s Day eve Where did things go wrong? It was touted as the transformational deal that would catapult two local champions with first class international credentials into the Big League. In the end it was not to be. On Friday, February 13, Afren announced that it would not grant a further extension to Seplat and, as a consequence, was ending merger talks. News of the deal first appeared a few days to Christmas.
offer or failure to make a satisfactory one is clear as it did not issue a joint statement with the company. ‘This announcement is made without Seplat’s consent.’ On its part, Seplat could not resist paying back the favour. Its statement to the Nigerian Stock Exchange said that ‘In light of Afren’s decision, Seplat confirms that it does not intend to make an offer for Afren’ and that ‘This announcement is made without Afren’s consent.’
Tit for tat
Patient dealmaker
In its statement, Afren stated that its Board ‘has not received any proposal from Seplat that it believes is capable of being implemented on terms satisfactory to all relevant stakeholders in the Company.’ Therefore, it had decided that ‘continuing discussions with Seplat is not in the best interests of the Company’s stakeholders.’ Afren’s distaste at Seplat’s
Seplat has gained a reputation for cautious dealmaking at the best price for its shareholders so it is not likely that its share price would suffer for the failed talks. In fact, its reputation may be enhanced from this. Afren’s past governance burdens may also have been a factor in Seplat’s slow pace. Analysts at Ecobank trace Seplat’s lack of zeal to its ‘re-
Published by
What next?
Afren engineers on a rig
cent completion of the acquisition of two Chevron blocks onshore Nigeria, OML 55
EDITOR: MIDENO BAYAGBON GROUP BUSINESS EDITOR: OMOH GABRIEL
In Association With
CONTENT DIRECTION: OBIORA TABANSI ONYEASO DESIGN & ILLUSTRATION: PUBLICAN MEDIA
and OML53.’ Seplat is in a good place because ‘with minimal capex, we estimate
the two blocks can be upgraded to produce over 10,000 net to Seplat.’
Vanguard Markets features unbiased, in-depth coverage of corporate and market developments across a wide range of business sectors. Every week, Vanguard Markets delivers essential business analysis and commentary on Nigerian companies, regional economies, and global markets. Vanguard Markets is published by Vanguard Media Limited in association with Customs Street Advisors Limited, a specialist communications consultancy.
This is not to say that Afren is no longer a beautiful bride. It has valuable assets like ‘the Ebok field which is a low cost producing field onshore Nigeria and a stake in the offshore OPL 310, in which the company made the third largest global reserve discovery in 2013’ and its share price is attractive. There is also a loophole in UK law that allows Seplat to return with an offer in six months. Maybe its love proposal would sound more convincing then if no serious suitors turn up for Afren the interim period. In the time being, creditor patience with Afren is wearing thin. In January, the explorer disclosed that it needed at least £200m in new shareholders’ funds to repair its beleaguered balance sheet. Afren and Seplat are listed on the London Stock Exchange. ;
Vanguard Media Limited, Vanguard Avenue, Kirikiri Canal, P.M.B.1007, Apapa. Website: www.vanguardngr.com ISSN 0794-652X
MARKET DATA
VM | Monday, February 23, 2015 | Issue 030
VM3
TRADING UPDATE Declined Unchanged Advanced
MARKET REVIEW – FEBRUARY 16 – 23, 2015 TOP GAINERS
WTD
SECTOR PRICE CHANGES – FEB 16 – 23, 2015
TOP GAINERS
WTD
TOP DECLINERS
WTD
TOP DECLINERS
WTD
GUARANTY TRUST BANK PLC 28.12
MAY & BAKER NIGERIA PLC
14.81
-17.5
21.47
NATIONAL SALT COMPANY NIGERIA PLC
INTERNATIONAL BREWERIES PLC
-7.26
THE OKOMU OIL PALM COMPANY PLC
UACN PROPERTY DEVELOPMENT CO. PLC
14.17
CHAMPION BREWERIES PLC
-15.82
CAP PLC
-6.84
FBN HOLDINGS PLC
16.95
UNITED BANK FOR AFRICA PLC 13.67
JULIUS BERGER NIGERIA PLC -14.23
R. T. BRISCOE (NIG.) PLC
-5.95
SEPLAT PETROLEUM 15.72 DEVELOPMENT COMPANY LTD
N.E.M INSURANCE CO.(NIG) PLC 13.21
CADBURY NIGERIA PLC
-9.73
A. G. LEVENTIS (NIGERIA) PLC
-5
ZENITH INTERNATIONAL BANK PLC
HONEYWELL FLOUR MILL PLC
-7.94
BETA GLASS COMPANY (NIG.) PLC
-5
PRESCO PLC
15.64
11.2
Agriculture Conglomerates Construction/Real Estate Consumer Goods Financial Services Healthcare ICT Industrial Goods Natural Resources Oil & Gas Services
1 2 2 6 9 1 0 1 1 0 4
2 3 6 15 36 7 10 15 4 4 8
2 0 1 10 12 2 1 5 0 7 6
DASHBOARD Friday Ticker 7UP ABCTRANS ACCESS AGLEVENT AIICO AIRSERVICE ASHAKACEM BETAGLAS CADBURY CAP CCNN CONOIL CONTINSURE COURTVILLE CUSTODYINS CUTIX DANGCEM DANGFLOUR DANGSUGAR DIAMONDBNK ETERNA ETI FBNH FCMB FIDELITYBK FIDSON FLOURMILL FO GLAXOSMITH GUARANTY GUINNESS HONYFLOUR INTBREW JBERGER LINKASSURE MANSARD MAYBAKER MOBIL MRS NAHCO NASCON NB NEIMETH NEM NESTLE NIGERINS NNFM OANDO OKOMUOIL PAINTCOM PORTPAINT PRESCO PRESTIGE PZ REDSTAREX ROYALEX RTBRISCOE SEPLAT SKYEBANK SOVRENINS STANBIC STERLNBANK TOTAL TRANSCORP UAC-PROP UACN UBA UBCAP UBN UNILEVER UNITYBNK VITAFOAM WAPCO WAPIC WEMABANK ZENITHBANK
5-day
4-Week
Close
Change, %
Volume
Open
Week Hi
151.00 0.52 5.60 1.18 0.74 2.10 18.98 29.92 38.81 37.89 10.69 32.00 0.86 0.50 3.90 1.57 153.95 3.47 6.19 3.82 2.51 16.00 7.45 2.07 1.19 3.00 31.48 220.40 39.90 21.78 120.55 2.83 17.98 38.08 0.50 2.82 1.55 157.50 48.02 4.73 6.78 134.00 0.71 0.60 820.00 0.50 17.15 13.98 32.24 1.50 3.83 31.00 0.50 27.50 3.80 0.50 0.76 445.53 2.01 0.50 24.41 2.22 140.00 2.45 10.00 34.00 3.41 1.32 8.92 32.66 0.50 3.59 85.00 0.50 0.98 17.37
0.27% 1.96% 0.00% -0.84% 2.78% 5.00% 4.98% 0.00% -2.97% 4.96% -0.19% 8.47% 0.00% 0.00% -1.27% 1.95% 0.72% 4.83% -0.16% 2.96% 5.02% 1.85% 4.93% 2.48% -0.83% 3.45% 4.93% -0.72% -0.05% 3.71% -2.21% 0.00% -0.11% -4.80%
29 199 341,179 97 11,366 3,941 1,333 0 3,873 23 1,221 996 314 1,111 10,681 1,130 34,379 7,192 7,103 179,894 50 16,385 385,251 69,207 42,658 1,590 21,875 12,050 564 225,450 563 2,130 297 2,078 0 1,111 11,751 14 0 4,136 1,651 59,724 0 101,692 31,618 0 0 14,063 5,740 0 0 2,372 0 477 1,136 250 109 1,828 40,507 0 13,846 6,636 149 140,125 432 180,463 472,116 45,462 4,422 1,030 0 10,935 5,052 7,035 7,690 53,902
149.17 0.54 5.32 1.18 0.75 2.04 17.37 28.50 40.00 36.82 9.62 30.97 0.80 0.50 3.93 1.57 141.90 3.60 6.14 3.50 2.39 16.15 6.37 2.00 1.25 2.93 29.40 212.10 41.00 17.00 114.01 3.00 18.44 42.18
156.98 0.54 5.94 1.19 0.77 2.10 18.98 29.92 44.00 38.58 10.71 32.00 0.90 0.50 3.95 1.61 156.00 3.60 6.32 3.89 2.51 17.00 7.45 2.10 1.26 3.01 31.48 231.99 42.00 22.93 124.95 3.00 18.44 42.18
144.02 0.51 4.74 1.14 0.71 2.00 16.86 28.00 38.80 35.00 9.62 29.50 0.80 0.50 3.72 1.47 139.10 3.09 5.89 3.45 2.39 15.15 6.35 1.93 1.13 2.79 26.60 192.00 39.90 16.69 110.00 2.83 17.98 38.08
1.23% -3.70% 5.26% 0.00% -1.33% 2.94% 9.27% 4.98% -2.97% 2.91% 11.12% 3.33% 7.50% 0.00% -0.76% 0.00% 8.49% -3.61% 0.81% 9.14% 5.02% -0.93% 16.95% 3.50% -4.80% 2.39% 7.07% 3.91% -2.68% 28.12% 5.74% -5.67% -2.49% -9.72%
2.82 1.41 153.00 48.02 4.53 6.17 130.00 0.71 0.53 751.00 0.50 17.15 13.24 29.29 1.53
3.00 1.55 157.70 48.02 4.98 7.13 134.72 0.71 0.60 820.00 0.50 17.15 15.00 35.58 1.53
2.82 1.29 150.00 48.02 4.51 5.88 122.55 0.71 0.51 743.00 0.50 17.15 12.83 27.86 1.50
0.00% 9.93% 2.94% 0.00% 4.42% 9.89% 3.08% 0.00% 13.21% 9.19% 0.00% 0.00% 5.59% 10.07% -1.96%
29.80 0.50 26.00 3.80 0.50 0.80 368.00 1.82 0.50 24.90 2.32 130.43 2.28 11.35 34.58 3.00 1.33 8.80 34.01 0.50 3.42 79.00 0.50 0.94 15.62
32.38 0.50 27.50 3.90 0.50 0.80 481.57 2.10 0.50 25.00 2.32 144.46 2.80 11.35 34.80 3.41 1.47 8.92 34.01 0.50 3.59 85.01 0.50 0.99 18.18
27.98 0.50 26.00 3.71 0.50 0.73 368.00 1.70 0.50 24.00 2.20 130.43 2.19 9.84 33.00 2.94 1.27 8.12 32.35 0.50 3.25 75.10 0.50 0.90 15.49
4.03% 0.00% 5.77% 0.00% 0.00% -5.00% 21.07% 10.44% 0.00% -1.97% -4.31% 7.34% 7.46% -11.89% -1.68% 13.67% -0.75% 1.36% -3.97% 0.00% 4.97% 7.59% 0.00% 4.26% 11.20%
-0.70% 9.93% -0.13% 0.00% -0.42% 0.15% 0.23% 0.00% 3.45% 0.00% 0.00% 0.00% 0.58% -4.87% 5.59% 0.00% 0.73% 0.00% 0.00% -3.80% 2.00% 0.50% 0.04% -1.33% -3.09% -7.89% 0.00% 0.03% 8.25% -0.75% 9.85% -1.09% 8.79% 1.20% 0.00% 1.03% 0.99%
Week Lo Change, %
Volume
Open
Change, %
Volume
3,916 16,470 2,950,024 3,813 104,850 13,585 3,845 2,394 6,433 5,090 7,242 1,671 29,618 7,458 78,818 8,949 104,584 25,461 160,560 1,203,557 1,717 261,707 1,392,921 1,469,973 700,499 13,359 169,401 20,562 11,469 2,123,466 11,922 11,046 17,233 6,217 0 1,360 24,005 917 0 14,336 36,239 186,777 100 305,353 37,335 335 210 162,716 69,079 10 0 27,856 130 102,561 2,447 1,235 4,448 10,777 1,416,003 131 48,002 58,324 951 1,000,192 8,729 223,332 2,416,929 155,108 24,719 15,786 631 14,515 14,059 107,300 297,749 718,163
162.00 0.53 4.99 1.26 0.78 1.75 20.91 28.75 39.00 36.99 9.03 34.40 0.92 0.50 3.81 1.53 156.00 3.19 5.51 4.00 2.56 15.05 7.49 2.09 1.34 3.39 37.00 224.00 38.63 21.00 129.78 3.00 20.80 44.80 0.50 3.00 1.51 150.00 50.54 5.00 6.16 144.00 0.74 0.57 820.97 0.50 17.15 16.22 24.46 1.50 3.70 29.63 0.50 24.82 3.89 0.50 0.67 314.44 2.13 0.50 26.00 2.47 148.90 3.00 8.97 37.17 3.56 1.55 9.00 34.44 0.50 3.75 81.00 0.53 0.91 17.50
-6.79% -1.89% 12.22% -6.35% -5.13% 20.00% -9.23% 4.07% -0.49% 2.43% 18.38% -6.98% -6.52% 0.00% 2.36% 2.61% -1.31% 8.78% 12.34% -4.50% -1.95% 6.31% -0.53% -0.96% -11.19% -11.50% -14.92% -1.61% 3.29% 3.71% -7.11% -5.67% -13.56% -15.00% 0.00% -6.00% 2.65% 5.00% -4.99% -5.40% 10.06% -6.94% -4.05% 5.26% -0.12% 0.00% 0.00% -13.81% 31.81% 0.00% 3.51% 4.62% 0.00% 10.80% -2.31% 0.00% 13.43% 41.69% -5.63% 0.00% -6.12% -10.12% -5.98% -18.33% 11.48% -8.53% -4.21% -14.84% -0.89% -5.17% 0.00% -4.27% 4.94% -5.66% 7.69% -0.74%
63,112 54,619 10,523,538 5,660 550,902 398,112 25,313 117,300 25,947 13,983 32,678 13,574 117,451 20,272 820,208 18,241 307,049 413,137 2,282,075 3,575,987 37,824 3,448,291 8,773,126 4,038,397 4,060,534 121,704 457,488 52,989 45,558 6,750,319 68,203 51,425 81,703 38,414 100 33,350 46,102 3,176 1,167 62,759 293,379 986,630 7,381 433,889 103,956 6,386 591 5,898,699 185,990 4,360 4,398 164,812 7,509 333,333 20,490 21,960 85,334 20,308
3,023,700 738 184,072 616,056 4,029 4,084,898 37,444 329,687 4,901,865 546,790 196,259 590,755 61,175 285,622 120,217 608,345 538,515 5,086,114
5-Week trading1
52-Week price range Low 81.23 0.51 4.50 1.14 0.65 1.56 13.87 15.49 33.10 33.01 8.00 29.50 0.80 0.50 1.90 1.21 139.10 2.88 4.70 3.45 2.39 12.40 6.35 1.93 1.13 2.32 26.60 81.21 38.22 16.69 110.00 2.83 17.52 38.08 0.50 1.96 1.29 112.54 41.84 3.56 5.68 122.55 0.67 0.51 743.00 0.50 17.15 12.83 23.20 1.33 3.52 20.88 0.50 16.60 3.44 0.50 0.58 252.93 1.70 0.50 19.18 2.09 130.43 2.19 8.09 26.00 2.90 1.27 6.48 27.00 0.50 3.23 66.50 0.50 0.85 14.54
Close ( )
High 197.94 0.92 10.18 1.75 0.90 3.12 34.60 31.49 86.25 49.00 15.98 79.51 1.24 0.77 4.35 2.10 250.02 9.97 12.00 7.05 5.35 20.28 16.52 4.64 2.40 3.90 73.91 259.94 72.45 31.80 214.99 4.50 32.20 76.45 0.50 3.79 2.27 182.00 70.00 5.84 13.50 189.00 1.99 0.90 1,200.00 0.54 23.08 36.89 42.98 1.99 5.77 46.30 0.63 39.80 5.35 0.64 1.36 735.00 4.16 0.50 35.00 2.74 195.50 7.08 21.31 67.85 8.26 3.04 10.89 55.00 0.50 4.72 136.73 0.99 1.21 25.80
YtD
Liquidity Rating2
-5.03% -8.77% -10.97% -9.92% -11.90% 23.53% -8.79% 13.33% -7.60% 1.58% 8.20% -6.98% -11.34% 0.00% 11.11% 17.16% -18.97% -21.14% 2.48% -29.91% -16.05% -12.09% -14.37% -17.20% -25.63% -19.14% -19.57% -2.95% -15.84% -13.50% -27.07% -14.24% -19.05% -33.92% 0.00% -9.32% 2.65% 1.44% -4.99% -5.40% 8.13% -17.79% -6.58% -7.69% -17.64% 0.00% -1.15% -20.11% 28.96% 2.04% 3.23% 20.53% 0.00% 15.79% 1.06% -3.85% -9.52% 26.75% -20.55% 0.00% -9.86% -8.26% -6.05% -23.68% 4.49% 0.00% -21.06% -21.43% 4.94% -13.12% 0.00% -6.27% 4.94% -21.88% 6.52% -3.50%
LEGEND 5-week trading bar: This bar shows the volume of the company’s shares traded during the 5 most recent weeks. Each alternate colour bar represents a consecutive week. The bar is to be read from left to right. The first bar on the left (light blue) represents the traded volume five weeks ago. The next bar (grey) represents the volume 4 weeks ago. The 5th and last bar (light blue) signifies the volume of shares exchanged last week. The purpose of the Weekly Trading bar is to give readers an instant view of trading volumes as they compare on a week-by-week basis. 1
Liquidity Rating: This indicates the level of demand for a company’s shares based on the number of deals rather than volume done over the past week. Stocks are graded according 5 categories. Blue spheres are used to represent liquidity. • Category 5: This is the highest liquidity rating shown by 5 blue spheres. Stocks that have traded more than 20 deals per day on at least 4 days in the past week are awarded this score • Category 4: This is shown by 4 blue spheres. It indicates that the stock has 2
traded between 12 to 19 deals per day on at least 4 days in the past week • Category 3: Shown with 3 spheres, this liquidity classification represents those stocks that have traded 8 to 11 deals per day on at least 4 days in the past week • Category 2: Shown with 2 spheres it identifies those stocks that traded 4 to 7 deals per day on at least 4 days in the past week • Category 1: This is shown by one blue sphere to represent stocks on which 3 deals and/or below were traded per day on at least 4 days in the week.
VM2
BUSINESS
VM | Monday, February 23, 2015 | Issue 30
MARKET SNAPSHOT 3-MONTH PRICE TREND OF BELLWETHER STOCKS
ACCESS
5.60 0.28
4.50 YtD
10.18 -0.69 -10.97%
-1.86 -24.93%
3M
Dec
1W
Jan
CONTINSURE YtD
-0.11 -11.34%
-0.03 -3.37%
3M
1W
Jan
FCMB -0.43 -17.20%
-1.06 -33.87%
3M
Dec
-3.40 -13.50%
1W
Dec
YtD
Dec
1W
-5.89 -29.64%
3M
Dec
19.18 -2.67 -9.86%
Dec
UBA YtD
F
0.74 5.59%
F
Jan
-40.35 -25.08%
3M
Dec
YtD
0.75 0.48%
3M
Dec
1W
Jan
OKOMUOIL YtD
YtD
F
7.24 28.96%
3M
Dec
0.41 13.67%
F
2.95 10.07%
Dec
F
1W
Jan
-0.34 -1.03%
FLOURMILL -7.66 -19.57%
-12.62 -28.62%
Dec
F
-0.38 -11.84%
Dec
1W
-1.35 -3.97%
0.51 8.13%
F
6.78 0.61 -0.42 -5.83%
3M
Dec
0.61 9.89%
F
31.00 1.20 4.70 17.87%
3M
Dec
1W
Jan
UACN
1.20 4.03%
F
67.85 -9.00 -20.93%
3M
16/02
Dec
Jan
WAPCO
-0.58 -1.68%
F
85.00 6.00 8.00 10.39%
3M
Jan
FO YtD
26.80 13.84%
3M
Dec
1W
1W
Jan
INTBREW YtD
-9.89 -35.49%
3M
Dec
1W
Jan
-22.90 -14.60%
3M
Dec
1W
Jan
3M
Dec
1W
Jan
-0.49 -4.67%
3M
Dec
1W
Jan
ZENITHBANK YtD
20/02 F
10.00 1.35
14.54 6.00 7.59%
F
1.50 5.77%
M T W T
16/02
Nov
-1.35 -11.89%
20/02
M T W T
F
17.37 1.75 25.80
-0.63 -3.50%
7.45 1.08
-1.25 -14.37%
-1.66 -18.22%
3M
Dec
Jan
YtD
39.90 1.10
-7.51 -15.84%
-12.10 -23.27%
3M
16/02
Jan
20/02
M T W T
F
16/02
Nov
Dec
Jan
20/02
M T W T
F
16/02
Nov
Dec
Jan
-3.63 -17.29%
3M
20/02
M T W T
F
Dec
Jan
YtD
Dec
20/02
M T W T
JBERGER
38.08 4.10
-19.55 -33.92%
-22.58 -37.22%
3M
-4.10 -9.72%
1W
16/02
Nov
Dec
Jan
NESTLE YtD
20/02
M T W T
1200.00 -175.60 -17.64%
-30.00 -3.53%
3M
Dec
Jan
69.00 9.19%
1W
SEPLAT
20/02
M T W T
735.00 94.03 26.75%
10.53 2.42%
3M
77.53 21.07%
1W
16/02
Nov
F
445.53 77.53
252.93 YtD
F
820.00 69.00
16/02
Nov
F
76.45
Dec
Jan
20/02
M T W T
F
1. 52-week low price 2. Year low price 3. Current price 4. Year high price 5. 52-week high price 6. Current price 7. 5-day price change 8. 1-year price change 9. 3-months price change 10. 1-week price change 11. Daily price movement over 3 months. 12. 30-day moving average 13. Daily price movement over last week
1 2 TICKER
4
3
19.23
1W
16/02
Nov
-1.10 -2.68%
1W
16/02
Nov
F
72.45
1.75 11.20%
1YtD
25.23 0.01
5
27.406 0.23 0.92%
3M
2.90 12.99%
Jan
20/02
M T W T
F
7 0.01 0.04%
1W
9
11
Dec
20/02
M T W T
GLAXOSMITH
8
Nov
1.08 16.95%
1W
16/02
Nov
F
16.52
20/02
21.31 0.43 4.49%
FBNH YtD
20/02
M T W T
LEGEND
UAC-PROP YtD
4.00 3.08%
27.50 1.50 6.41 30.39%
Jan
743.00
M T W T
16/02
Nov
F
39.80 3.75 15.79%
Dec
20/02
M T W T
189.00
PZ YtD
-0.46 -2.49%
134.00 4.00 -29.00 -17.79%
16/02
Nov
38.08
16/02
Nov
F
11.12% 0.24
1W
20/02
17.98 0.46
NB YtD
8.30 3.91%
32.20 -4.23 -19.05%
2.30% 0.81
3M
38.22
M T W T
16/02
Nov
F
259.94 -6.70 -2.95%
8.20% 8.67
20/02
220.40 8.30
16/02
Nov
-0.15 -0.93%
M T W T
20/02
M T W T
136.73 4.00 4.94%
Dec
8.09
1W
1W
20/02
M T W T
34.00 0.58 0.00 0.00%
-1.00 -5.88%
3M
YtD
6.35
16/02
Nov
F
16.00 0.15 -2.20 -12.09%
10.69 1.07 15.98
20/02
20.28
16.60
16/02
Nov
YtD
1.07 2.91%
M T W T
20/02
M T W T
46.30 5.28 20.53%
ETI
122.55
1W
Jan
PRESCO
Jan
20/02
M T W T
16/02
Nov
YtD
-0.17 -5.67%
13.50
YtD
Dec
17.52
Jan
NASCON
Nov
F
2.83 0.17
3M
16/02
Nov
CCNN 8.00
1W
20/02
M T W T
16/02
Nov
YtD
2.08 7.07%
4.50 -0.47 -14.24%
1.89 5.25%
3M
81.21
1W
Jan
HONYFLOUR
YtD
F
31.48 2.08
3M
0.59 1.58%
20/02
M T W T
16/02
Nov
YtD
0.32 9.14%
73.91
66.50
1W
1W
Jan
20/02
M T W T
32.66 1.35
3M
Dec
26.00 9.57 7.34%
55.00 -4.93 -13.12%
-1.75 -31.42%
3M
YtD
12.40
16/02
Nov
YtD
F
3.82 0.32
20/02
140.00 9.57 3M
-1.63 -29.91%
37.89 1.07 49.00
20/02
M T W T
20/02
M T W T
-7.36 -4.99%
YtD
-1.19 -2.97%
7.05
20.88
1W
Jan
UNILEVER YtD
4.50 2.94%
195.50 -9.01 -6.05%
DIAMONDBNK
5.68
32.24 2.95
16/02
Nov
F
42.98 7.24 28.96%
Jan
20/02
M T W T
16/02
Nov
6.54 5.74%
182.00 2.23 1.44%
Dec
2.83
M T W T
16/02
Nov
F
157.50 4.50
27.00 1W
1W
Jan
MOBIL
16/02
Nov
CAP 33.01
1W
20/02
120.55 6.54
16/02
Nov
-0.06 -4.80%
M T W T
20/02
M T W T
-0.89 -20.70%
3M
-44.75 -27.07%
130.43 -0.49 -1.97%
8.26 -0.91 -21.06%
YtD
F
214.99
35.00 1W
1W
20/02
3.41 0.41
2.90
Dec
TOTAL
Jan
-0.47 -28.31%
3M
-5.49 -12.39%
3M
26.60
16/02
Nov
24.41 0.49
16/02
Nov
-0.41 -25.63%
-3.19 -7.60%
20/02
1.19 0.06
20/02
M T W T
-3.79 -13.44%
3M
YtD
12.05 8.49%
2.40
23.20
1W
Jan
STANBIC YtD
0.00 0.00%
M T W T
16/02
Nov
F
36.89 -3.52 -20.11%
FIDELITYBK
YtD
3.45
M T W T
20/02
13.98 0.74
12.83
1W
Jan
112.54
Jan
OANDO YtD
4.78 28.12%
M T W T
-0.04 -1.40%
3M
Dec
GUINNESS
16/02
Nov
F
3.79 -0.29 -9.32%
-17.60 -10.26%
3M
16/02
Nov
F
250.02 -36.05 -18.97%
38.81 1.19 86.25
20/02
M T W T
20/02
2.82 0.00
1.96
YtD
1.61 9.27%
153.95 12.05
110.00
Jan
MANSARD
DANGCEM
21.78 4.78 1W
1W
Jan
31.80
16/02
Nov
F
0.07 3.50%
M T W T
-1.34 -5.80%
3M
Dec
CADBURY 33.10
16/02
Nov
1.13
Jan
16.69
-2.87 -13.14%
3M
20/02
4.64
GUARANTY YtD
0.06 7.50%
M T W T
16/02
Nov
F
2.07 0.07
1.93
-1.83 -8.79%
139.10
16/02
Dec
YtD
34.60
20/02
M T W T
1.24
Nov
YtD
0.28 5.26%
0.86 0.06
0.80
18.98 1.61
13.87
16/02
Nov
ASHAKACEM
10 13
12 May
21/07
June
July
25/07
M T W T
F