panafrican daily market report (01-july-2014)

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For further enquiries, please call Mayowa Oladipupo on +2348035042312 or Ayo Dawotola on +2348035026371

PanAfrican Capital Daily Market Review

Tuesday, 1st July, 2014

Market Highlights The Market appreciated at the end of today’s trading as Investors on the floor of the Nigerian Stock Exchange traded 620.845 million shares worth N4.978 billion in 5,455 deals. The market capitalization of the 194 listed equities increased by 0.30 percent to close at N14.070 trillion from N14.028 trillion recorded in the previous trading day. The All-Share Index of the NSE also increased by 0.30 percent to close at 42,611.30 from 42, 482.49 on Monday.

QUARTERLY RESULTS

COMPANY TURNOVER (₦’B)

CURRENT PAT (₦’B)

PREVIOUS PAT (₦’B) PERIOD

AIICO INSURANCE PLC 8.811 0.915 0.746 Q1, 2014

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

Source: Nigerian Stock Exchange

MONEY MARKET INDICATORS(01/07/2014) INDICES RATE9%

NIBOR(180 days) 14.26

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

Seplat’s growth beyond expectation —Orjiako

The Chairman, Seplat Petroleum Development Company, Dr. Ambrosie Orjiako, has

said the performance of the company recently exceeded expectations. Orjiako said this

in Lagos after the company’s first Annual General Meeting, following its dual listing on

the Nigerian Stock Exchange and the London Exchange in April. Seplat recorded total

revenues of $880.2 million (N143.6bn) for the year ended 31 December 2013,

representing growth of 41 per cent over the 2012 figure. Orjiako explained that the

“exponential growth” witnessed by the company was despite a harsh operating

environment underlined by the uncertainties about the passage of the Petroleum

Industry Bill, persistent oil theft, huge exposure to subsides and reduced demand for

Nigerian crude oil blends, in the United States, among other things.

Berger Paints reports 30.9% increase in profit

Berger Paints Nigeria Plc has reported pre-tax profit growth of 25% to N356million,

compared to N284million recorded in the corresponding period of 2012. The company’s

audited results for the financial year ended December 31, 2013 shows that profit after

tax equally increased by 30.9% to N251million, from N192 million in December 2012.

Revenue rose by 7.75% to N2.7billion, against the N2.5billion recorded in the

corresponding period of 2012. Berger Paints Nigeria plc is one of the leading

manufacturer and distributor of paints and coatings in Nigeria.

S&P 500 Climbs to Record on China Data as Retailers Rally

The Standard & Poor’s 500 Index rose to a record, after posting the longest streak of

quarterly gains since 1998, as retailers and automakers rallied while data showed

China’s manufacturing expanded in June. The S&P 500 (SPX) climbed 0.5 percent to a

record 1,970.40 at 10:23 a.m. in New York. The benchmark equity gauge rose 4.7

percent in the second quarter, a sixth consecutive increase.

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

Tuesday Monday

% Change 01/07/2014 30/06/2014

NSE Index 42,611.30 42,482.49 +0.30

Deals 5,455 5,882 -7.26

Volume (M) 620.845 408.517 +51.98

Value (₦’BN) 4.978 7.571 -34.25

Market Cap (₦’TRN) 14.070 14.028 +0.30


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

CONTINSURE 280,000,400 305,200,535.00

ACCESS 88,717,261 847,370,277.58

WAPIC 34,774,376 27,512,834.24

TRANSCORP 29,786,395 152,734,356.30

ZENITHBANK 28,811,853 722,906,190.30


TOP 5 GAINERS

TOP 5 LOSERS

STOCK LAST CLOSE

TODAY CLOSE

CHANGE STOCK

LAST CLOSE

TODAY CLOSE

CHANGE

7UP 93.00 102.53 9.53 MRS 70.00 63.18 -6.82

UACN 62.00 65.10 3.10 FO 206.30 200.00 -6.30

INTBREW 26.70 28.00 1.30 GUINNESS 200.00 198.00 -2.00

PRESCO 35.01 36.10 1.09 OANDO 29.25 28.50 -0.75

WAPCO 111.00 112.01 1.01 CAVERTON 6.24 5.64 -0.60


NAIRA EXCHANGE RATE CURRENCY BUY SELL

BUREAU DE CHANGE 01/07/2014

US DOLLAR 165.00 163.00

POUNDS 285.50 280.00

EURO 236.00 232.00

CBN 01/07/2014

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 2,375.02 2,352.45 +0.96

EGYPT 30 8,162.20 8,069.97 +1.13

SOUTH AFRICA; JSE 51,480.19 50,945.26 +1.05

CASABLANCA; MASI 9,259.46 9,226.63 +0.36

BOTSWANA; DCI 9,133.87 9,133.87 0.00

Source: Various Countries’ Exchanges

panafrican daily market report (01-july-2014)

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