THE NATION TUESDAY, APRIL 17, 2012
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EQUITIES NIGERIAN STOCK EXCHANGE DAILY SUMMARY AS AT 16-4-12
CCNN, others declare N6.3b dividends •Market opens on negative
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HE boards of Cement Company of Northern Nigeria (CCNN) Plc, Dangote Sugar Refinery (DSR) Plc, National Salt Company of Nigeria (Nascon) Plc and NCR Nigeria Plc yesterday said that they have recommended distributions of N6.34 billion to their shareholders as cash dividends for the 2011 business year. In separate notices made available to the investing public through the Nigerian Stock Exchange (NSE), the companies said they have recommended distribution of portions of net earnings to shareholders. CCNN would be distributing about N566 million on the basis of 45 kobo dividend per share as the net profit of the cement company rose by 82 per cent in 2011. DSR would be distributing N3.6 billion on the basis of 30 kobo per share, NASCON would be paying out N1.85 billion on the rate of 70 kobo per share, while NCR would be distributing N324 million on the basis of N3 per share to all shareholders. Key extracts of the audited report and accounts of CCNN for the year ended December 31, 2011, showed that profit after tax nearly doubled from N1.27 billion in 2010 to N2.30 billion in 2011. Profit before tax had grown from N1.75 billion in 2010 to N3.29 billion in
By Taofik Salako and Tonia Osundolire
2011. Turnover stood at N13.92 billion as against N11.18 billion in 2010. Meanwhile, in spite of the several corporate earnings reports released yesterday, the two key market indicators at the NSE reduced by 0.1 per cent each. The All-ShareIndex shed 20.76 absolute points to close lower at 20,722.40 points. In the same vein, the Market Capitalisation shed N6 billion representing to close lower at N6.615 trillion. The market received audited Financial Statements of Dangote Sugar, Fidelity Bank, NCR Nigeria, National Salt, Skye Bank, Cement Company of Northern Nigeria, Airline Service, Forte Oil, Nigerian Breweries and NPF Microfinance Bank yesterday. Though, their figures were mixed in terms of performance, they nonetheless, provided incentive to their shareholders. According to the figure made available to the Nigerian Stock Exchange (NSE), NCR Nigeria recommended a dividend of N3.00 per share with closure date fixed for April 30, 2012. National Salts proposed a dividend of 70 kobo per share, with closure date fixed on the 21st of May, 2012. Skye and Fidelity Bank recommended dividend of 25k and 14k per share respec-
tively. Their closure dates are May 4 and April 27, 2012 respectively. Dangote Sugar and CCNN recommended 30k and 45k dividend per share respectively. The former closure date was fixed for April 3rd, 2012, while the latter has not conveyed its closure date. Yesterday’s downturn was boosted by value losses over moderate volume posted in Beta Glass, Cadbury, ETI, Oando, United Bank for Africa, First Bank as well as Sterling Bank. However, a total of 40 equities recorded price change with 17 appreciating while the remaining 23 reduced their value. Union Bank led the gainers table with N0.14 to close at N3.10 a difference of 4.73 per cent. This was followed by RT Briscoe, Fidelity Bank, Eterna Oil, Bagco, CCNN, NASCON, Access Bank, Fidson and Dangote Flour. On the losers table, Chevron led the list with a drop of N1.86 to close at N35.36 while Conoil followed with a drop of N1.16 to close at N22.06. Also on the table were Oando, Unilever, Bataglass, Berger, HIS, Livestock, Ikeja Hotel and UBA. Total volume transacted dropped marginally to 330.29 million, valued at N1.22 billion in 3,309 deals, compared to 364.99 million shares, worth N2.18 billion, exchanged in 3,503 deals posted on Friday last week. Volume and value dipped by 9.5 per cent and 44.04 per cent respectively. On the top trade table, Unity Kapital Insurance emerged the most actively traded stock with 113.11 million shares, valued at N56.55 million in a single deal. This transaction is more of a cross-deal sale.
NIGERIAN STOCK EXCHANGE DAILY SUMMARY AS AT 16-4-12