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THURSDAY, JULY 30, 2020 ˾ T H I S D AY
MARKET NEWS
Seplat to Drill Two Gas Wells as Cash Reserves Rise to $343m Goddy Egene Seplat Petroleum Development Company Plc, has announced a cash increased to $343 million despite lower revenues for the
six months ended 30 June 2020. Revenue for the period stood at $234 million amid lower oil prices and demand. Commenting on the results, which were released to the Nigerian Stock Exchange
A Mutual fund (Unit Trust) is an investment vehicle managed by a SEC (Securities and Exchange Commission) registered Fund Manager. Investors with similar objectives buy units of the Fund so that the Fund Manager can buy securities that willl generate their desired return. An ETF (Exchange Traded Fund) is a type of fund which owns the assets (shares of stock, bonds, oil futures, gold bars, foreign currency, etc.) and divides ownership of those assets into shares. Investors can buy these ‘shares’ on the
(NSE) and London Stock Exchange (LSE) on Wednesday, the Chief Executive Officer, Seplat, Mr. Austin Avuru, said: “Seplat has delivered a robust performance despite the unprecedented crises we have experienced
floor of the Nigerian Stock Exchange. A REIT (Real Estate Investment Trust) is an investment vehicle that allows both small and large investors to part-own real estate ventures (eg. Offices, Houses, Hospitals) in proportion to their investments. The assets are divided into shares that are traded on the Nigerian Stock Exchange. GUIDE TO DATA: Date: All fund prices are quoted in Naira as at 28Jul-2020, unless otherwise stated.
since March. Our continued resilience is possible as a result of our financial strength, our careful management of risk and our prudent approach to capital allocation. Unlike many in our industry, we were
able to protect our 2019 dividend and increase our capital investment to ensure continued growth.” According to Avuru, Seplat’s oil hedging strategy and gas revenues, have continued
to protect the business from price volatility, with the company achieving substantial cost reductions from its suppliers while managing own costs even more carefully in this challenging period.
Offer price: The price at which units of a trust or ETF are bought by investors. Bid Price: The price at which Investors redeem (sell) units of a trust or ETF. Yield/Total Return: Denotes the total return an investor would have earned on his investment. Money Market Funds report Yield while others report Year- to-date Total Return. NAV: Is value per share of the real estate assets held by a REIT on a specific date.
DAILY PRICE LIST FOR MUTUAL FUNDS, REITS and ETFS MUTUAL FUNDS / UNIT TRUSTS AFRINVEST ASSET MANAGEMENT LTD aaml@afrinvest.com Web: www.afrinvest.com; Tel: +234 818 885 6757 Fund Name Bid Price Offer Price Yield / T-Rtn Afrinvest Equity Fund N/A N/A N/A Afrinvest Plutus Fund N/A N/A N/A Nigeria International Debt Fund N/A N/A N/A ALTERNATIVE CAPITAL PARTNERS LTD info@acapng.com Web: www.acapng.com, Tel: +234 1 291 2406, +234 1 291 2868 Fund Name Bid Price Offer Price Yield / T-Rtn ACAP Canary Growth Fund 0.92 0.93 2.31% ACAP Income Funds 0.78 0.78 9.84% AIICO CAPITAL LTD ammf@aiicocapital.com Web: www.aiicocapital.com, Tel: +234-1-2792974 Fund Name Bid Price Offer Price Yield / T-Rtn AIICO Money Market Fund 100.00 100.00 6.41% AIICO Balanced Fund 3.04 3.10 23.36% ANCHORIA ASSET MANAGEMENT LIMITED info@anchoriaam.com Web:www.anchoriaam.com, Tel: 08166830267; 08036814510; 08028419180 Fund Name Bid Price Offer Price Yield / T-Rtn Anchoria Money Market N/A N/A N/A Anchoria Equity Fund N/A N/A N/A Anchoria Fixed Income Fund N/A N/A N/A ARM INVESTMENT MANAGERS LTD enquiries@arminvestmentcenter.com Web: www.arm.com.ng; Tel: 0700 CALLARM (0700 225 5276) Fund Name Bid Price Offer Price Yield / T-Rtn ARM Aggressive Growth Fund 14.01 14.43 -8.56% ARM Discovery Fund 333.21 343.25 -3.54% ARM Ethical Fund 30.34 31.26 4.33% ARM Money Market Fund 1.00 1.00 4.75% AXA MANSARD INVESTMENTS LIMITED investmentcare@axamansard.com Web: www.axamansard.com; Tel: +2341-4488482 Fund Name Bid Price Offer Price Yield / T-Rtn AXA Mansard Equity Income Fund 93.39 94.05 -2.80% AXA Mansard Money Market Fund 1.00 1.00 4.85% CAPITAL EXPRESS ASSET AND TRUST LIMITED info@capitalexpressassetandtrust.com Web: www.capitalexpressassetandtrust.com ; Tel: +234 803 307 5048 Fund Name Bid Price Offer Price Yield / T-Rtn CEAT Fixed Income Fund 2.16 2.16 22.26% Capital Express Balanced Fund(Formerly: Union Trustees Mixed Fund) 1.85 1.87 5.78% CHAPELHILL DENHAM MANAGEMENT LTD investmentmanagement@chapelhilldenham.com Web: www.chapelhilldenham.com, Tel: +234 461 0691 Fund Name Bid Price Offer Price Yield / T-Rtn Chapelhill Denham Money Market Fund 0.06 0.04 5.71% Paramount Equity Fund 10.80 11.00 -13.70% Women's Investment Fund 109.03 109.96 -1.27% CORDROS ASSET MANAGEMENT LIMITED assetmgtteam@cordros.com Web: www.cordros.com, Tel: 019036947 Fund Name Bid Price Offer Price Yield / T-Rtn Cordros Money Market Fund 100.00 100.00 4.90% Cordros Milestone Fund 2023 98.68 98.91 Cordros Milestone Fund 2028 100.52 100.75 Cordros Dollar Fund ($) 101.35 101.35 CORONATION ASSEST MANAGEMENT investment@coronationam.com Web:www.coronationam.com , Tel: 012366215 Fund Name Bid Price Offer Price Yield / T-Rtn Coronation Money Market Fund 1.00 1.00 3.78% Coronation Balanced Fund 0.94 0.96 1.76% Coronation Fixed Income Fund 1.61 1.61 20.84% EDC FUNDS MANAGEMENT LIMITED mutualfundng@ecobank.com Web: www.ecobank.com Tel: 012265281 Fund Name Bid Price Offer Price Yield / T-Rtn EDC Nigeria Money Market Fund Class A 100.00 100.00 4.28% EDC Nigeria Money Market Fund Class B 1,000,000.00 1,000,000.00 4.66% EDC Nigeria Fixed Income Fund 1,180.30 1,190.98 6.33% FBNQUEST ASSET MANAGEMENT LTD invest@fbnquest.com Web: www.fbnquest.com/asset-management; Tel: +234-81 0082 0082 Fund Name Bid Price Offer Price Yield / T-Rtn FBN Fixed Income Fund N/A N/A N/A FBN Balanced Fund 149.88 151.03 2.08% FBN Halal Fund N/A N/A N/A FBN Money Market Fund 100.00 100.00 4.72% FBN Nigeria Eurobond (USD) Fund - Retail N/A N/A N/A FBN Nigeria Smart Beta Equity Fund 111.04 112.77 -14.67% FCMB ASSET MANAGEMENT LIMITED fcmbamhelpdesk@fcmb.com Web: www.fcmbassetmanagement.com; Tel: +234 1 462 2596 Fund Name Bid Price Offer Price Yield / T-Rtn Legacy Money Market Fund 1.00 1.00 4.09% Legacy Debt Fund 3.79 3.79 3.85% Legacy Equity Fund 1.09 1.11 -3.53% Legacy USD Bond Fund 1.11 1.11 2.93% FSDH ASSET MANAGEMENT LTD coralfunds@fsdhgroup.com Web: www.fsdhaml.com; Tel: 01-270 4884-5; 01-280 9740-1 Fund Name Bid Price Offer Price Yield / T-Rtn Coral Growth Fund 3,091.88 3,123.83 1.65% Coral Income Fund 3,205.24 3,205.24 4.21% FSDH Treasury Bills Fund 100.00 100.00 4.43% GREENWICH ASSET MANAGEMENT LIMITED assetmanagement@gtlgroup.com Web: www.gtlgroup.com ; Tel: +234 1 4619261-2 Fund Name Bid Price Offer Price Yield / T-Rtn Greenwich Plus Money Market Fund N/A N/A N/A Nigeria Entertainment Fund N/A N/A N/A
GROWTH & DEVELOPMENT ASSET MANAGEMENT LIMITED assetmanagement@gdl.com.ng Web: www.gdl.com.ng ; Tel: +234 9055691122 Fund Name Bid Price Offer Price Yield / T-Rtn GDL Money Market Fund N/A N/A N/A INVESTMENT ONE FUNDS MANAGEMENT LTD enquiries@investment-one.com Web: www.investment-one.com; Tel: +234 812 992 1045,+234 1 448 8888 Fund Name Bid Price Offer Price Yield / T-Rtn Abacus Money Market Fund 100.00 100.00 4.07% Vantage Balanced Fund 2.30 2.34 5.19% Vantage Guaranteed Income Fund 1.00 1.00 8.11% Kedari Investment Fund (KIF) 148.80 149.41 3.77% LOTUS CAPITAL LTD fincon@lotuscapitallimited.com Web: www.lotuscapitallimited.com; Tel: +234 1-291 4626 / +234 1-291 4624 Fund Name Bid Price Offer Price Yield / T-Rtn Lotus Halal Investment Fund 1.24 1.26 6.23% Lotus Halal Fixed Income Fund 1,123.42 1,123.42 6.17% MERISTEM WEALTH MANAGEMENT LTD info@meristemwealth.com Web: http://www.meristemwealth.com/funds/ ; Tel: +234 1-4488260 Fund Name Bid Price Offer Price Yield / T-Rtn Meristem Equity Market Fund N/A N/A N/A Meristem Money Market Fund N/A N/A N/A PAC ASSET MANAGEMENT LTD info@pacassetmanagement.com Web: www.pacassetmanagement.com/mutualfunds; Tel: +234 1 271 8632 Fund Name Bid Price Offer Price Yield / T-Rtn PACAM Balanced Fund 1.36 1.38 11.57% PACAM Fixed Income Fund 12.04 12.10 6.77% PACAM Money Market Fund 10.00 10.00 4.38% PACAM Equity Fund 1.03 1.05 PACAM EuroBond Fund 106.38 108.81 SCM CAPITAL LIMITED info@scmcapitalng.com Web: www.scmcapitalng.com; Tel: +234 1-280 2226,+234 1- 280 2227 Fund Name Bid Price Offer Price Yield / T-Rtn SCM Capital Frontier Fund 113.40 115.48 -2.07% SFS CAPITAL NIGERIA LTD investments@sfsnigeria.com Web: www.sfsnigeria.com, Tel: +234 (01) 2801400 Fund Name Bid Price Offer Price Yield / T-Rtn SFS Fixed Income Fund 1.01 1.01 5.73% STANBIC IBTC ASSET MANAGEMENT LTD assetmanagement@stanbicibtc.com Web: www.stanbicibtcassetmanagement.com; Tel: +234 1 280 1266; 0700 MUTUALFUNDS Fund Name Bid Price Offer Price Yield / T-Rtn Stanbic IBTC Balanced Fund 2,521.35 2,532.80 0.25% Stanbic IBTC Bond Fund 210.33 210.33 0.50% Stanbic IBTC Ethical Fund 0.88 0.89 0.00% Stanbic IBTC Guaranteed Investment Fund 273.87 273.95 0.62% Stanbic IBTC Iman Fund 154.92 156.64 0.23% Stanbic IBTC Money Market Fund 100.00 100.00 4.56% Stanbic IBTC Nigerian Equity Fund 7,674.15 7,756.30 -0.54% Stanbic IBTC Dollar Fund (USD) 1.16 1.16 0.39% Stanbic IBTC Shariah Fixed Income Fund 118.18 118.18 0.00% UNITED CAPITAL ASSET MANAGEMENT LTD Web: www.unitedcapitalplcgroup.com; Tel: +234 803 306 2887 Fund Name Bid Price Offer Price Yield / T-Rtn United Capital Balanced Fund 1.12 1.14 -5.83% United Capital Bond Fund 1.83 1.83 6.04% United Capital Equity Fund 0.63 0.65 -10.23% United Capital Money Market Fund 1.00 1.00 5.23% United Capital Eurobond Fund 113.57 113.57 3.96% United Capital Wealth for Women Fund 1.02 1.02 -2.87% QUANTUM ZENITH ASSET MANAGEMENT & INVESTMENTS LTD service@quantumzenithasset.com.ng Web: www.quantumzenith.com.ng; Tel: +234 1-2784219 Fund Name Bid Price Offer Price Yield / T-Rtn Zenith Equity Fund 10.21 10.32 -0.73% Zenith Ethical Fund 11.63 11.69 -0.16% Zenith Income Fund 24.46 24.46 9.84% Zenith Money Market Fund 1.00 1.00 4.80%
REITS NAV Per Share
Fund Name SFS Skye Shelter Fund
Yield / T-Rtn
116.57
4.01%
53.25
2.31%
Bid Price
Offer Price
Yield / T-Rtn
9.13 84.19 67.12
9.23 82.44 65.94
4.84% -3.00% -0.11%
Union Homes REIT
EXCHANGE TRADED FUNDS Fund Name Lotus Halal Equity Exchange Traded Fund SIAML Pension ETF 40 Stanbic IBTC ETF 30 Fund
VETIVA FUND MANAGERS LTD Web: www.vetiva.com; Tel: +234 1 453 0697 Fund Name Vetiva Banking Exchange Traded Fund Vetiva Consumer Goods Exchange Traded Fund Vetiva Griffin 30 Exchange Traded Fund Vetiva Money Market Fund Vetiva Industrial Goods Exchange Traded Fund Vetiva S&P Nigeria Sovereign Bond Exchange Traded Fund
funds@vetiva.com Bid Price
Offer Price
Yield / T-Rtn
2.77 3.98 11.21 1.00 11.34 190.10
2.81 4.06 11.31 1.00 11.54 192.10
-21.80% -32.37% -7.38% 5.27% 9.02% 0.78%
NAV Per Share
Yield / T-Rtn
108.03
16.90%
INFRASTRUCTURE FUND Fund Name Chapel Hill Denham Nigeria Infrastructure Debt Fund
The value of investments and the income from them may fall as well as rise. Past performance is a guide and not an indication of future returns. Fund prices published in this edition are also available on each fund manager’s website and FMAN’s website at www.fman.com.ng. Fund prices are supplied by the operator of the relevant fund and are published for information purposes only.