Vanguard Markets | Monday, February 09, 2015 | Issue 028
AGAINST THE GRAIN
Seplat’s counterintuitive acquisitions win market applause EN months after its historic initial public offering (IPO), Seplat Petroleum has given its shareholders cause to cheer amidst the gloom brought on by the sharp decline in oil prices. In light of depressed crude prices, companies in the sector have been discouraged by sceptical shareholders and unconvinced bankers from pursuing M&A activities. Seplat has chosen to take the elevator going in the opposite direction. It has doubled down on its bets about oil prices’ prospects. The company announced on Thursday that it had completed the acquisition of two oil blocks, OML53 and OML55, from Chevron and Belema Oil respectively. The timing is not opportunistic. Seplat has worked assiduously behind the scenes for many months, often in contentious, litigious circumstances, to seal these deals. Its perseverance has paid off. The blocks are located in the shallow waters of the Niger Delta. Under the disclosed terms of the deal, Seplat will pay $259.4m for a 40 per cent stake in OML53 and $132.2mn for a 22.5% interest in OML55. Seplat’s stake in OML55 was indirectly acquired though its purchase of a 56.25 per cent stake in Belema Oil, which has bought a 40 per cent interest in the block from Chevron.
T
Seplat drill technicians working on a rig
Source: Thomson Reuters
Ildar Davletshin and Temilade Esho, oil and gas sector analysts at Re-
naissance Capital, view the transactions as ‘a significant and positive devel-
opment for Seplat.’ In their preliminary assessment of the deals, they note three
key takeaways. One, OML53 and OML55 will boost Seplat’s reserves by about 65 per cent. Two, the blocks should enable the company to double oil production as soon as they reach capacity within four years. Three, they should help Seplat increase EBITDA within the range of 60-70 per cent by 2018, and add about 20 per cent to its net asset value. There is also a sense of relief that Seplat’s acquisition train is on the move again after false starts in 2014. In its report for the half year period ended June 30, 2014, it explained that its bids for OML 29 and OML24, which were put up for sale by Shell had been unsuccessful because it stuck to ‘price discipline’ and did not put forward ‘the highest price offer’. The news of its latest acquisitions comes on the back of announcements in January that it successfully refinanced its existing debt facilities and had commenced talks with Afren, the FTSE 250 listed independent oil exploration and production company. The oil company received $1 billion from two consortia of banks, one local, and the other foreign. The funds were to be used to repay $552 million in existing debt, with the balance held in reserve to seize advantage of new business opportunities. ;
FOREX RATES
$/N
167.50
167.7 167.6 167.5 167.4 167.3 Fr
Mo
Tu
£/N
We
Th
Fr
256.9785
257.0 255.5 254.0 252.5 251.0 Fr
Mo
Tu
Euro/N
We
Th
Fr
191.8043
192.2 191.4 190.6 189.8 189.0 Fr
Mo
Tu
CNY/N
We
Th
Fr
26.8232
27.00 26.80 26.60 26.40 26.20 Fr
Mo
Tu
CFA/N
We
Th
Fr
0.2822
0.31 0.30 0.29 0.28 0.27 Fr
Mo
Tu
We
Th
Currency
Central Rate
SWISS FRANC
181.7097
YEN
1.4276
WAUA
237.1180
RIYAL
44.6286
DANISH KRONE
25.7585
SDR
237.3978
Fr
FIXED INCOME & FOREX
Source: FMDQ
VM2
BUSINESS
VM | Monday, February 09, 2015 | Issue 028
REWIND
Ecobank in the crosshairs OULD Ecobank Transnational Incorporated be dealing with a case of bad news goose-stepping in pairs on its manicured front lawn? On Tuesday, a labour court sitting in Lomé, the Togolese capital, awarded $11.6 million to Thierry Tanoh, its ousted chief executive, for wrongful dismissal. Tanoh was removed under a cloud in March 2014 for falsification of financial statements and governance failures at the pan African bank. The following day, February 4, the International Monetary Fund released a report, Pan-African Banks Opportunities and Challenges for Cross-Border Oversight, damning the financial institution on critical points. The red flags pop-up everywhere in the IMF report: rapid expansion was not been matched by commensurate strengthening of governance standards, enjoyment of the status of a bank holding company registered in Togo, ETI is not formally regulated but is supervised by the Commis-
C
Ecobank branch
sion Bancaire (Banking Commission) of the West African Monetary Union, its financial performance differs across regions, its cross-border risk transfer mechanism is opaque, and although the Nigerian subsidiary reported a decent improvement in capital position and profitability in H1 2014, its ‘true position may be less positive based on several risk factors’. The report goes on to list
the risk factors shadowing the Nigerian subsidiary, the biggest in the group. It reads like a parade of the usual suspects. Weak capital position, reckless lending practices, high operating costs, unstable deposit base, and lack of confidence in the management team. No one will fault the authors of mincing words. The verdict in Lomé comes on the heels of another one delivered by a court in Abid-
Inflation vigilance
jan court in January ordering ETI and Public Investment Corporation, the quasi-public South African investment entity and a major shareholder in the bank, to pay the ex-CEO $15m for defamation of character. In strongly worded rebuttals, Ecobank rejected the two judgments. ‘ETI does not accept the legitimacy of the Togolese court’s ruling because the
court does not have legal jurisdiction over Mr Tanoh’s employment contract. Mr. Tanoh signed this contract before assumption of his post as Ecobank Group CEO in July 2012 in the full knowledge that it was governed by English law. The contract expressly provides that all disputes shall be settled by international arbitration in London by an arbitrator appointed by the President of the International Chamber of Commerce in Paris. The contract grants exclusive jurisdiction to the English courts in relevant matters. Mr. Tanoh, an Ivorian national with permanent residence in the United States during his tenure as ETI Group CEO, rejected these express provisions of his contract, preferring instead to pursue litigation in a Togolese court for reasons best known to him.’ An unnamed senior official was quoted in London’s Financial Times saying that ETI would call ‘a special board meeting next week to review these issues and to make a decision over what is best for
the institution and whether we should move to a jurisdiction where there is a secure legal environment.’ Such threats are not made lightly. One sentence in the release hints obliquely that an out of court settlement may be in the offing. ‘Ecobank rejects the excessive sums of money that he is demanding in local courts in Togo and Cote d’Ivoire.’ Does this suggest that ETI may be prepared to pay a reasonable severance package to end the matter? Ecobank also dismissed the IMF report as obsolete. ‘The report, which contains some inaccuracies, is roughly 18 months out of date as regards some of its references to the Ecobank Group… It would be wrong for the report to inadvertently convey the perception that past governance issues still exist at Ecobank. A lot has taken place between the preparation of the aforementioned IMF report and the present time.’ Some say that there is no smoke without fire. ;
Synergy Capital Managers bets on e-commerce with Netplus investment HE Mauritius-domiciled Synergy Partners Equity Fund is wasting little time to deploy its war chest. Last week, Synergy Capital Managers, the fund manager announced that it had made an undisclosed but significant investment in NetPlus Strategic Sales and Advisory Limited. The two-year old startup has established itself as a serious player in the e-commerce, and e-infrastructure space under Wole Faroun, its resourceful founder. NetPlus’ technology underpins the company’s own WebMallNG.com storefront, and is considered the most robust indigenously developed e-commerce platform in the sub-Saharan region excluding South Africa. WebMallNG.com’s competitors in the B2B arena include Kaymu and Konga. The company counts Diamond Bank, FCMB, Fidelity Bank, and UBA among its clients. NetPlus is also aggressively building out its presence in e-payments to go head-on against PayPal, which entered the Nigerian
T
Source: FSDH Merchant Bank and National Bureau of Statistics
HE i-word is on everyone’s lips. Inflation has a directly inverse relationship with belt holes: the higher inflation rises, the tighter belt holes are hooked. In the January edition of its Inflation Watch report, analysts at FSDH Merchant Bank, point out
T
that international food prices as measured by the Food and Agriculture Organization’s Food Price Index (FFPI) declined 1.9 per cent in January 2015, compared with December 2014, and 10.1 per cent against the January 2014 figure. The report forecasts that the official Nigerian Bu-
Published by
reau of Statistics’ inflation rate for January will be 8 per cent, unchanged over the December 2014 figure, and same as the January 2014 figure. So far, so good. But with the see-saw in exchange rates, this could turn out to be the calm before the storm. ;
EDITOR: MIDENO BAYAGBON GROUP BUSINESS EDITOR: OMOH GABRIEL
In Association With
CONTENT DIRECTION: OBIORA TABANSI ONYEASO DESIGN & ILLUSTRATION: PUBLICAN MEDIA
market in 2014 in partnership with First Bank. Faroun expressed his delight at attracting institutional capital interest within its relatively short operating history. SPEF’s capital injection would help NetPlus to ‘grow its brand and strengthen partnerships with key players the in the ecommerce and e-payments space as well as providing value from a governance and management perspective.’ Akintoye Akindele, a part-
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.
ner in Synergy Capital Managers, the fund manager, said that NetPlus ‘solves a critical need in the marketplace, and is strategically positioned to unlock the enormous potential of e-commerce in Nigeria first, and subsequently across the region.’ Fundraising for SPEF is scheduled for its second close in the second quarter of the year. The fund is targeting $75m. NetPlus is SPEF’s first investment. ;
Vanguard Media Limited, Vanguard Avenue, Kirikiri Canal, P.M.B.1007, Apapa. Website: www.vanguardngr.com ISSN 0794-652X
MARKET DATA
VM | Monday, February 09, 2015 | Issue 028
VM3
TRADING UPDATE Declined Unchanged Advanced
MARKET REVIEW – FEBRUARY 02 – 09, 2015
SECTOR PRICE CHANGES – FEB 02 – 09, 2015
TOP GAINERS
WTD
TOP GAINERS
WTD
TOP DECLINERS
WTD
TOP DECLINERS
WTD
R. T. BRISCOE (NIG.) PLC
34.43
16.15
CONOIL PLC
-9.97
ETERNA PLC
-5.62
DANGOTE FLOUR MILLS PLC
33.33
NATIONAL SALT COMPANY OF NIGERIA PLC
VITAFOAM NIGERIA PLC
-9.47
EVANS MEDICAL PLC
-5.29
UACN PROPERTY DEVELOPMENT CO. PLC
30.78
VONO PRODUCTS PLC
-8.55
UNION BANK OF NIGERIA PLC
-5.26
IKEJA HOTEL PLC
20.72
FLOUR MILLS NIGERIA PLC
-7.69
-5
CHAMPION BREWERIES PLC
16.9
PRESCO PLC
-6.77
TRANS NATIONWIDE EXPRESS PLC UNION DICON SALT PLC
-5
ACCESS BANK OF NIGERIA PLC 15.83 N.E.M INSURANCE CO.(NIG) PLC 11.32 SEPLAT PETROLEUM DEVELOPMENT COMPANY LTD
9.39
DIAMOND BANK PLC
8.94
Agriculture Conglomerates Construction/Real Estate Consumer Goods Financial Services Healthcare ICT Industrial Goods Natural Resources Oil & Gas Services
3 1 1 10 7 3 1 4 0 5 5
2 3 6 13 36 5 10 13 4 4 8
0 1 2 8 14 2 0 4 1 2 5
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
152.86 0.55 6.00 1.26 0.81 1.71 20.24 31.49 38.24 37.00 9.50 32.60 0.87 0.50 4.00 1.54 159.80 4.00 6.90 3.95 2.54 16.61 7.00 2.09 1.27 3.20 34.20 210.00 40.21 21.00 128.90 3.07 20.55 42.65 0.50 2.95 1.43 157.60 48.02 4.75 7.55 141.81 0.72 0.57 815.25 0.50 18.95 14.93 27.90 1.43 3.83 30.45 0.50 27.36 3.70 0.50 0.82 333.90 1.97 0.50 24.23 2.35 142.41 2.80 11.35 40.90 3.42 1.45 9.00 35.50 0.50 3.25 88.80 0.51 0.94 16.28
-2.64% 0.00% 5.45% 0.00% -1.22% -2.29% 0.00% 4.97% -6.73% -4.52% 2.15% 5.16% -1.14% 0.00% 0.00% 0.00% 1.11% 10.19% -0.72% -1.25% 0.79% 0.18% 0.14% 0.00% -0.78% -3.03% -5.26% -7.34% -0.35% -4.11% -0.08% -2.23% -4.42% -1.57%
107 2,600 463,964 8 1,523 290,530 323 60,800 1,647 882 216 1,117 24,480 465 87,753 0 2,060 7,836 34,738 42,748 3,000 688,618 838,084 186,041 45,067 18,986 5,902 504 11 147,249 194 1,050 83 1,516 0 415 233 200 0 1,151 32,649 66,625 596 5,020 56 100 0 10,550 444 18 100 2,110 0 1,039 1,479 859 5,687 360 371,850 198 2,434 12,344 84 116,382 541 12,185 186,406 10,326 8,041 33,719 0 2,552 5,829 11,222 1,867 391,783
153.00 0.51 5.18 1.26 0.80 1.71 20.24 30.00 41.12 38.75 9.37 32.68 0.90 0.50 3.91 1.55 156.00 3.04 6.82 3.58 2.67 16.18 7.09 2.05 1.26 3.26 38.42 230.00 38.68 20.03 129.99 3.00 20.90 44.80
157.60 0.55 6.08 1.26 0.84 1.75 20.80 31.49 41.50 39.89 9.66 34.40 0.94 0.50 4.00 1.63 162.94 4.00 8.26 4.21 2.80 16.80 7.40 2.15 1.33 3.30 38.42 230.00 44.00 23.00 130.00 3.46 22.19 46.10
146.70 0.51 5.11 1.21 0.76 1.71 20.24 30.00 38.24 36.86 9.13 29.50 0.87 0.50 3.80 1.48 156.00 3.00 6.18 3.47 2.52 15.50 6.95 1.99 1.25 3.20 34.20 210.00 38.68 19.80 125.00 3.00 20.50 42.65
-0.09% 7.84% 15.83% 0.00% 1.25% 0.00% 0.00% 4.97% -7.00% -4.52% 1.39% -0.24% -3.33% 0.00% 2.30% -0.65% 2.44% 31.58% 1.17% 10.34% -4.87% 2.66% -1.27% 1.95% 0.79% -1.84% -10.98% -8.70% 3.96% 4.84% -0.84% 2.33% -1.67% -4.80%
3.00 1.44 157.00 48.02 4.80 6.42 142.02 0.72 0.53 800.00 0.50 18.95 15.30 28.69 1.43 3.75 31.06 0.50 29.64 3.60 0.50 0.61 305.23 1.97 0.50 26.14 2.32 147.98 2.82 9.11 37.02 3.50 1.44 9.23 34.00 0.50 3.59 82.00 0.51 0.93 16.13
3.00 1.50 158.00 48.02 4.90 8.12 151.99 0.74 0.59 830.00 0.50 18.95 15.80 28.69 1.50 4.03 32.50 0.50 32.67 3.95 0.52 0.82 350.59 2.14 0.50 26.94 2.48 149.97 3.00 11.94 40.90 3.70 1.50 9.68 36.20 0.50 3.63 89.00 0.53 0.95 18.41
2.86 1.37 151.06 48.02 4.66 6.30 141.81 0.71 0.53 797.00 0.50 18.95 14.93 26.21 1.43 3.75 29.00 0.50 27.01 3.60 0.50 0.58 305.00 1.95 0.50 24.23 2.32 142.41 2.75 9.11 37.00 3.42 1.43 8.93 34.00 0.50 3.23 82.00 0.50 0.90 15.90
-1.67% -0.69% 0.38% 0.00% -1.04% 17.60% -0.15% 0.00% 7.55% 1.91% 0.00% 0.00% -2.42% -2.75% 0.00% 2.13% -1.96% 0.00% -7.69% 2.78% 0.00% 34.43% 9.39% 0.00% 0.00% -7.31% 1.29% -3.76% -0.71% 24.59% 10.48% -2.29% 0.69% -2.49% 4.41% 0.00% -9.47% 8.29% 0.00% 1.08% 0.93%
-0.34% -0.69% -0.25% 0.00% -1.25% 0.67% -1.49% -2.70% -3.39% -1.78% 0.00% -2.67% 6.45% 0.00% -4.96% 1.53% -2.63% -6.33% -3.85% 3.80% -4.76% -1.50% 0.00% -4.30% -4.08% -3.13% -3.11% 3.28% 2.25% -3.12% -2.03% 0.00% -1.93% -4.97% 4.47% 0.00% 3.30% -6.92%
Week Lo Change, %
Volume
Open
Change, %
Volume
17,943 12,096 2,929,795 78 61,821 291,253 4,450 72,800 5,059 3,087 6,765 6,221 32,520 4,498 299,696 3,672 50,042 164,199 1,120,435 919,090 11,195 1,242,597 3,189,574 775,817 457,285 71,396 27,632 3,608 2,980 745,858 4,340 13,286 11,457 4,018 0 17,093 6,862 852 81 17,545 162,486 184,068 1,712 33,353 4,389 5,718 18 1,202,826 10,552 643 1,129 8,894 125 83,494 8,407 965 44,764 767 935,365 218 44,851 263,199 648 818,912 14,408 30,280 991,660 95,598 25,212 55,354 34,567 82,583 41,481 243,646 42,654 1,283,061
160.00 0.53 5.25 1.31 0.78 1.62 22.40 26.40 39.90 37.60 9.30 36.21 0.97 0.50 3.57 1.36 158.65 4.32 5.71 4.80 2.85 16.25 7.99 2.11 1.52 3.35 35.15 230.00 42.00 20.55 130.21 3.06 21.39 52.03 0.50 3.05 1.51 157.05 50.54 4.88 6.40 147.00 0.70 0.60 853.61 0.50 17.15 15.25 24.90 1.47 4.07 26.10 0.50 24.53 4.00 0.51 0.84 314.99 2.32 0.50 27.00 2.49 148.00 3.10 9.25 27.60 3.79 1.58 8.03 33.00 0.50 3.82 80.07 0.60 0.97 16.43
-4.46% 3.77% 14.29% -3.82% 3.85% 5.56% -9.64% 19.28% -4.16% -1.60% 2.15% -9.97% -10.31% 0.00% 12.04% 13.24% 0.72% -7.41% 20.84% -17.71% -10.88% 2.22% -12.39% -0.95% -16.45% -4.48% -2.70% -8.70% -4.26% 2.19% -1.01% 0.33% -3.93% -18.03% 0.00% -3.28% -5.30% 0.35% -4.99% -2.66% 17.97% -3.53% 2.86% -5.00% -4.49% 0.00% 10.50% -2.10% 12.05% -2.72% -5.90% 16.67% 0.00% 11.54% -7.50% -1.96% -2.38% 6.00% -15.09% 0.00% -10.26% -5.62% -3.78% -9.68% 22.70% 48.19% -9.76% -8.23% 12.08% 7.58% 0.00% -14.92% 10.90% -15.00% -3.09% -0.91%
67,731 56,761 8,977,280 10,896 585,306 299,148 34,006 94,008 23,300 14,102 25,597 11,910 345,790 20,429 754,745 13,557 226,256 336,664 2,268,830 3,480,116 42,492 2,400,686 8,014,656 3,760,117 3,900,405 183,842 510,126 69,221 41,095 4,680,282 235,318 62,655 83,690 35,457 380 79,523 20,024 3,555 1,311 97,570 324,189 562,799 29,249 166,982 32,049 11,918 93 10,277,946 122,594 2,977 12,553 269,310 10,812 227,463 20,986 62,953 71,159 52,485 1,506,135 4,985 551,593 682,099 5,873 3,074,424 58,415 308,976 3,366,038 467,460 150,297 734,225 61,648 273,782 89,985 1,113,785 300,744 5,172,305
5-Week trading1
52-Week price range Low 74.97 0.51 4.50 1.19 0.65 1.56 13.87 15.49 33.10 33.01 8.00 29.50 0.80 0.50 1.90 1.21 150.10 2.88 4.70 3.47 2.52 12.40 6.95 1.98 1.25 2.32 33.70 81.21 38.22 17.05 115.00 2.87 20.05 42.65 0.50 1.96 1.33 112.54 41.84 3.56 5.68 128.50 0.67 0.52 770.61 0.50 17.15 13.18 23.20 1.33 3.52 20.88 0.50 16.60 3.44 0.50 0.58 252.93 1.95 0.50 19.00 2.09 141.50 2.55 8.09 26.00 3.11 1.38 6.48 27.00 0.50 3.23 66.50 0.50 0.85 14.54
Close ( )
High 197.94 0.92 10.18 1.86 0.94 3.26 34.60 31.49 86.50 49.00 15.98 79.51 1.24 0.81 4.35 2.24 250.02 9.97 12.00 7.05 5.35 20.28 16.52 4.64 2.40 3.90 82.73 259.94 72.45 31.80 219.25 4.50 32.20 76.45 0.50 3.79 2.48 182.00 70.00 6.18 13.99 189.00 2.08 0.90 1,200.00 0.54 23.08 36.89 42.98 2.00 5.77 49.00 0.64 41.06 5.35 0.65 1.38 735.00 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 5.15 136.73 1.05 1.21 25.80
YtD
Liquidity Rating2
-3.86% -3.51% -4.61% -3.82% -3.57% 0.59% -2.74% 19.28% -8.95% -0.80% -3.85% -5.23% -10.31% 0.00% 13.96% 14.93% -15.89% -9.09% 14.24% -27.52% -15.05% -8.74% -19.54% -16.40% -20.63% -13.75% -12.62% -7.53% -15.19% -16.60% -22.02% -6.97% -7.47% -25.99% 0.00% -5.14% -5.30% 1.50% -4.99% -5.00% 20.41% -13.00% -5.26% -12.31% -18.11% 0.00% 9.22% -14.69% 11.60% -2.72% 3.23% 18.39% 0.00% 15.20% -1.60% -3.85% -2.38% -5.01% -22.13% 0.00% -10.52% -2.89% -4.43% -12.77% 18.60% 20.29% -20.83% -13.69% 5.88% -5.56% 0.00% -15.14% 9.63% -20.31% 2.17% -9.56%
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.
VM4
MARKET DATA
VM | Monday, February 09, 2015 | Issue 028
MARKET SNAPSHOT 3-MONTH PRICE TREND OF BELLWETHER STOCKS
ACCESS
6.00 0.82
4.50
10.18 -0.29 -4.61%
YtD
3M
-1.60 -21.05%
13.87
1W
02/02
Nov
Dec
Jan
CONTINSURE 0.80 YtD
3M
Dec
1W
-0.41 -16.40%
3M
-1.29 -38.17%
1W
GUARANTY 17.05 -4.18 -16.60%
3M
Jan
Dec
Dec
OANDO
Jan
-2.57 -14.69%
3M
-0.05 -1.67%
1W
Jan
F
-0.05 -1.67%
STANBIC 19.00 -2.85 -10.52%
3M
Jan
F
Dec
-0.37 -2.42%
F
3M
YtD
Dec
-36.40 -22.02%
Jan
1W
MOBIL
Jan
2.33 1.50%
F
-0.08 -2.29%
Dec
OKOMUOIL
-4.38 -2.70%
1W
Jan
2.90 11.60%
F
3M
0.60 0.38%
F
Jan
-0.79 -2.75%
F
142.41 5.57 3M
-12.69 -8.18%
1W
02/02
Nov
Dec
UNILEVER 3M
Jan
FLOURMILL
1W
Jan
-4.94 -12.62%
3M
Dec
3M
Dec
1W
F
1.50 4.41%
F
7.55 1.13 3M
0.62 8.95%
Dec
PRESCO
Jan
1.13 17.60%
F
30.45 0.61 3M
4.33 16.58%
Dec
UACN
1W
Jan
-0.61 -1.96%
F
67.85 3M
-1.55 -3.65%
1W
Dec
WAPCO
Jan
3.88 10.48%
F
88.80 6.80 3M
7.92 9.79%
1W
1W
FO
Jan
3M
15.25 7.83%
1W
02/02
Dec
INTBREW
Jan
-1.66 -7.47%
Dec
NB
-9.45 -31.50%
1W
Jan
3M
-1.64 -1.14%
1W
PZ
Jan
3M
8.97 48.78%
-0.21 -0.15%
1W
Jan
F
-2.28 -7.69%
06/02
M T W T
F
11.35 2.24 21.31 3M
-0.66 -5.50%
1W
02/02
Nov
Dec
ZENITHBANK
Jan
2.24 24.59%
06/02
M T W T
F
16.28 0.15 25.80
-1.72 -9.56%
YtD
7.00 0.09 16.52
-1.70 -19.54%
-2.96 -29.72%
3M
Dec
Jan
GLAXOSMITH -7.20 -15.19%
-8.79 -17.94%
3M
02/02
Jan
06/02
M T W T
F
02/02
Nov
Dec
Jan
06/02
M T W T
F
02/02
Nov
Dec
Jan
3M
-4.22 -20.59%
06/02
M T W T
F
Dec
Jan
JBERGER
06/02
M T W T
-14.98 -25.99%
42.65 2.15 -21.19 -33.19%
3M
-2.15 -4.80%
1W
02/02
Nov
Dec
Jan
NESTLE YtD
06/02
M T W T
F
815.25 15.25 1200.00
-180.35 -18.11%
-68.25 -7.72%
3M
15.25 1.91%
1W
02/02
Nov
Dec
Jan
SEPLAT
06/02
M T W T
F
333.90 28.67
252.93 YtD
F
76.45
735.00 -17.60 -5.01%
-183.47 -35.46%
3M
28.67 9.39%
1W
02/02
Nov
Dec
Jan
06/02
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
02/02
Nov
1.53 3.96%
1W
02/02
Nov
YtD
F
40.21 1.53
0.15 0.93%
1YtD
25.23 0.01
5
27.406 0.23 0.92%
3M
2.90 12.99%
Dec
Jan
06/02
M T W T
F
7 0.01 0.04%
1W
9
11
Dec
06/02
M T W T
72.45
8
Nov
-0.09 -1.27%
1W
02/02
Nov
YtD
F
LEGEND
UAC-PROP 1.78 18.60%
FBNH
06/02
M T W T
06/02
M T W T
02/02
Dec
Jan
770.61
27.36 2.28
Nov
YtD
F
41.06 3.61 15.20%
Dec
06/02
M T W T
02/02
Dec
14.54 6.80 8.29%
-0.35 -1.67%
189.00 -21.19 -13.00%
02/02
Nov
42.65
141.81 0.21
Nov
YtD
F
0.13 1.39%
1W
06/02
M T W T
02/02
YtD
-20.00 -8.70%
20.55 0.35 3M
-0.95 -9.09%
3M
38.22
32.20
Nov
YtD
F
259.94 -17.10 -7.53%
-0.38 -3.85%
06/02
210.00 20.00
Nov
YtD
F
0.43 2.66%
M T W T
06/02
M T W T
136.73 7.80 9.63%
-0.97 -5.52%
YtD
6.95
02/02
Dec
8.09
02/02
Nov
3M
06/02
M T W T
40.90 3.88
6.90 20.29%
-1.59 -8.74%
9.50 0.13 15.98
06/02
M T W T
16.61 0.43
Nov
YtD
-1.75 -4.52%
20.28
16.60
02/02
Nov
YtD
Jan
06/02
M T W T
49.00 4.73 18.39%
ETI
128.50
1W
1W
06/02
M T W T
02/02
Nov
YtD
0.07 2.33%
13.99 1.28 20.41%
Dec
CCNN 8.00
02/02
Nov
20.05
Jan
NASCON
YtD
F
3.07 0.07 -0.41 -11.78%
-2.98 -7.45%
06/02
M T W T
02/02
Nov
YtD
-4.22 -10.98%
4.50 -0.23 -6.97%
3M
81.21
1W
Jan
HONYFLOUR
YtD
F
34.20 4.22 -24.13 -41.37%
-0.30 -0.80%
06/02
M T W T
02/02
Nov
YtD
0.37 10.34%
82.73
66.50
1W
-1.56 -28.31%
06/02
M T W T
35.50 1.50 5.71 19.17%
Dec
26.00 -5.57 -3.76%
55.00 -2.09 -5.56%
3M
YtD
12.40
02/02
Nov
YtD
F
3.95 0.37
06/02
M T W T
195.50 -6.60 -4.43%
-1.50 -27.52%
37.00 1.75 49.00
06/02
7.05
20.88
02/02
Dec
YtD
-2.88 -7.00%
M T W T
06/02
M T W T
1W
Jan
DIAMONDBNK
5.68
27.90 0.79 -1.89 -6.34%
1W
06/02
42.98
Nov
YtD
-1.09 -0.84%
157.60 0.60 3M
Dec
CAP 33.01
02/02
Nov
2.87
M T W T
02/02
YtD
F
128.90 1.09 1W
3.42 9.82%
06/02
182.00
Nov
YtD
F
0.01 0.79%
M T W T
02/02
Dec
27.00 1W
1W
Jan
-32.10 -19.94%
3M
33.70
06/02
M T W T
-0.79 -18.76%
3M
-3.76 -8.95%
06/02
219.25
Nov
YtD
3.80 2.44%
1.27 0.01 -0.53 -29.44%
YtD
3.47
M T W T
02/02
Nov
141.50 -1.91 -7.31%
3.42 0.08 3M
-0.33 -20.63%
35.00
8.26 -0.90 -20.83%
YtD
F
2.40
TOTAL
UBA 3.11
FIDELITYBK
24.23 1.91 -3.31 -12.02%
Jan
06/02
M T W T
02/02
Nov
Dec
23.20
1W
1W
06/02
M T W T
-2.89 -16.22%
-38.65 -19.48%
02/02
Nov
112.54
02/02
Dec
3M
06/02
M T W T
36.89
Nov
YtD
0.97 4.84%
14.93 0.37
13.18
-30.20 -15.89%
38.24 2.88 86.50
06/02
M T W T
250.02
GUINNESS
02/02
Nov
YtD
F
2.95 0.05 3M
YtD
Jan
0.00 0.00%
159.80 3.80
115.00
1W
1W
06/02
3.79 -0.16 -5.14%
DANGCEM
21.00 0.97
MANSARD 1.96
Dec
31.80
02/02
Nov
YtD
F
0.04 1.95%
M T W T
-3.31 -13.62%
-4.53 -18.29%
CADBURY 33.10
02/02
Nov
1.25
02/02
Dec
3M
06/02
M T W T
4.64
Nov
YtD
-0.03 -3.33%
2.09 0.04
1.98
-0.57 -2.74%
150.10
Jan
FCMB
YtD
F
0.87 0.03 -0.01 -1.14%
YtD
20.24 0.00 34.60
06/02
M T W T
02/02
Nov
YtD
0.82 15.83%
1.24 -0.10 -10.31%
ASHAKACEM
10 13
12 May
21/07
June
July
25/07
M T W T
F