The shares of Nigerian Breweries plc appreciated most at the Nigerian Stock Exchange (NSE) yesterday after adding N2, from initial price of N145 to N147.Dangote Cement plc followed on the table of top gainers after gaining N1.3 from N233.70 to N235; International Breweries plc followed after its share price rose from N26.75 to N28, adding N1.25.
Among stocks that occupied top gainers chart include UAC-Properties plc and Oando plc.
UAC-Properties plc rose by 97kobo from N19.75 to N20.72; while Oando rallied by 74kobo from N20.06 to N20.80.
On the contrary, the shares of Guinness Nigeria plc recorded the highest decline by N9.60kobo from a high of N192 to N182.40.
Lafarge Cement Wapco followed after its share price declined by N4.35, from N109.45 to N105.10.
Also, Unilever Nigeria plc lost N2.70 after its share price dropped from N54 to N51.30; followed by Okomu Oil Palm plc which declined by N2 from N41 to N39.
Presco plc made the list of top losers after its share price declined from N41.58 to N40 losing N1.58.
Investors heard the news that Tiger Brands Limited, the majority shareholder in Dangote Flour Mills Plc has indicated its willingness to buy Dangote Flour shares from investors who are willing to shed their holdings at N9.50 equivalent to about 2 months average price.
“Desiring investors with holding in Dangote Flour shares can indicate their interest while we assist in the necessary forms required to be filled with EDC Registrars Limited (the registrar of the company),” a dealing member firm told its clients yesterday.
The share price of Dangote Flour Mills dropped from N9.50 to N9.45 at the close of deals at the Stock Exchange.
Trading activities on the floor of the Exchange decreased by 15.04 percent as investors exchanged 475.59 million shares valued at N4.22 billion in 6074 deals compared to 559.76 million shares valued at N5.49 billion in en5,999 deals exchanged on Monday.
Skye Bank Plc, Zenith Bank Plc, and FCMB Group Plc, Africa Prudential Registrars, and FBN Holdings plc were most actively traded stocks on the exchange yesterday. The Nigerian Stock Exchange-All Share Index (ASI) appreciated marginally by 0.02 percent or 7.81points to close at 38,972.56 points from 38,964.75 points recorded last Monday. Also, market capitalisation increased by N3billion to N12.530 trillion from N12.527 trillion the preceding trading day.
Earnings report
The statement of profit or loss and other comprehensive income for the year ended December 31, 2013 released at the Nigerian Stock Exchange (NSE) by Africa Prudential Registrars plc showed the company’s revenue grew to N1.489billion from N1.034billion in the corresponding period of 2012.
The company’s profit before tax (PBT) rose from N667.542million in 2012 to N965.438million. Profit after tax (PAT) rose to N758.859million from N561.651million.
Also, African Alliance Insurance plc released its third-quarter (Q3) report for the period ended September 30, 2013. Gross Premium written rose by 70.4 percent from N2.622billion in Q3’ 2012 to N4.469billion in Q3’ 2013.
Profit before tax rose by 565.1 percent from N140.137million in 2012 to N932.060million in 2013; while profit after tax appreciated by 1,616 percent from a loss of N50.415million to N764.289million in Q3 of 2013. The company’s basis earnings per share rose by 1,645.8 percent from a negative of 0.24kobo to 3.71kobo in Q3’2013.
IHEANYI NWACHUKWU
