Market Update

Nigerian Equities Market Update: Week Ended 7th July, 2017

Lead activities index of the Nigerian Stock Exchange ended the week ended 7th July, 2017 on a negative note. Total point lost through the week was 199Bpts being the first trading week of the month. A total turnover of 1.061 billion shares worth N12.295 billion in 18,847 deals were traded by investors through the week as against 1.171 billion shares valued at N11.458 billion that exchanged hands last week in 13,763 deals. Safe NSE-Insurance and NSE-Industrial goods that gained other observed market indices closed red. See the index movement table for details.

Sixteen (16) equities appreciated in price during the week, lower than forty (40) equities of the previous week. Fifty-one (51) equities depreciated in price, higher than twenty-eight (28) equities of the previous week, while one hundred and five (105) equities remained unchanged same as one hundred and five (105) equities recorded in the preceding week.

The share price of Transnationwide and Presco were both adjusted for cash dividend of N0.05 and N1.50 respectively. Payment dates are 14th and 20th July, 2017 in that order.

Ashakacem was delisted from the daily official List of the exchange following the approval of its application for voluntary delisting from The Exchange. The Company was effectively delisted from the Daily Official List of the exchange on 4th July 2017.

A total volume of 9,779, 853 ordinary shares of Lafarge Africa Plc (‘’Lafarge Africa’’) were today, listed on The Daily Official List of the Exchange on 5th July, 2017. The shares listed were issued to shareholders of AshakaCem Plc in exchange for their shares in AshakaCem Plc pursuant to delisting of AshakaCem Plc. With this listing of 9,779,853 ordinary shares, the total issued and fully paid up shares of Lafarge Africa Plc has now increased from 5,480,734,144 to 5,490,513,997 ordinary shares.

A total of 281,350 units of the Stanbic IBTC ETF 30 was cancelled from the Daily Official List of The Exchange today 5 July 2017. The total outstanding units of Stanbic IBTC ETF 30 before the cancellation was 6,758,825 while the total outstanding units after the cancellation is 6,477,475 units.

Coronation Asset Management Limited informed The Nigerian Stock Exchange that it has received the approval of the Securities and Exchange Commission to open the Initial Public Offering of 400,000,000 Units of N1.00 each at par of the Fixed Income Fund by Coronation Asset Limited. The Offer will open to the public for fifteen (15) working days. Details of the Offer are as follows: Offer Opens: Monday, 10 July 2017 Offer Closes: Friday, 28 July 2017

Trading on the shares of seventeen equities were suspended during the week due to their failure to submit financial reports by the expiration of cure periods. The suspended equities are; African Alliance Insurance Plc, Equity Assurance Plc, Fortis Microfinance Bank Plc, Guinea Insurance Plc, Premier Paints Plc, Resort Savings & Loans, Sovereign Trust Insurance Plc, African Paints (Nigeria) Plc, Aso Savings & Loans Plc, Ekocorp Plc, Evans Medical Plc, Goldlink Insurance Plc, Great Nigeria Insurance Plc, Omatek Ventures Plc, Union Dicon Salt Plc, Union Homes Savings & Loans Plc, Universal Insurance Company Plc

In accordance with the rules set forth above, the suspension of the afore-listed companies will only be lifted upon the submission of the relevant accounts, provided The Exchange is satisfied that the accounts comply with all applicable rules of The Exchange.

Comment here

Market Update

Nigerian Equities Market Update: Week Ended 7th July, 2017

Lead activities index of the Nigerian Stock Exchange ended the week ended 7th July, 2017 on a negative note. Total point lost through the week was 199Bpts being the first trading week of the month. A total turnover of 1.061 billion shares worth N12.295 billion in 18,847 deals were traded by investors through the week as against 1.171 billion shares valued at N11.458 billion that exchanged hands last week in 13,763 deals. Safe NSE-Insurance and NSE-Industrial goods that gained other observed market indices closed red. See the index movement table for details.

Sixteen (16) equities appreciated in price during the week, lower than forty (40) equities of the previous week. Fifty-one (51) equities depreciated in price, higher than twenty-eight (28) equities of the previous week, while one hundred and five (105) equities remained unchanged same as one hundred and five (105) equities recorded in the preceding week.

The share price of Transnationwide and Presco were both adjusted for cash dividend of N0.05 and N1.50 respectively. Payment dates are 14th and 20th July, 2017 in that order.

Ashakacem was delisted from the daily official List of the exchange following the approval of its application for voluntary delisting from The Exchange. The Company was effectively delisted from the Daily Official List of the exchange on 4th July 2017.

A total volume of 9,779, 853 ordinary shares of Lafarge Africa Plc (‘’Lafarge Africa’’) were today, listed on The Daily Official List of the Exchange on 5th July, 2017. The shares listed were issued to shareholders of AshakaCem Plc in exchange for their shares in AshakaCem Plc pursuant to delisting of AshakaCem Plc. With this listing of 9,779,853 ordinary shares, the total issued and fully paid up shares of Lafarge Africa Plc has now increased from 5,480,734,144 to 5,490,513,997 ordinary shares.

A total of 281,350 units of the Stanbic IBTC ETF 30 was cancelled from the Daily Official List of The Exchange today 5 July 2017. The total outstanding units of Stanbic IBTC ETF 30 before the cancellation was 6,758,825 while the total outstanding units after the cancellation is 6,477,475 units.

Coronation Asset Management Limited informed The Nigerian Stock Exchange that it has received the approval of the Securities and Exchange Commission to open the Initial Public Offering of 400,000,000 Units of N1.00 each at par of the Fixed Income Fund by Coronation Asset Limited. The Offer will open to the public for fifteen (15) working days. Details of the Offer are as follows: Offer Opens: Monday, 10 July 2017 Offer Closes: Friday, 28 July 2017

Trading on the shares of seventeen equities were suspended during the week due to their failure to submit financial reports by the expiration of cure periods. The suspended equities are; African Alliance Insurance Plc, Equity Assurance Plc, Fortis Microfinance Bank Plc, Guinea Insurance Plc, Premier Paints Plc, Resort Savings & Loans, Sovereign Trust Insurance Plc, African Paints (Nigeria) Plc, Aso Savings & Loans Plc, Ekocorp Plc, Evans Medical Plc, Goldlink Insurance Plc, Great Nigeria Insurance Plc, Omatek Ventures Plc, Union Dicon Salt Plc, Union Homes Savings & Loans Plc, Universal Insurance Company Plc

In accordance with the rules set forth above, the suspension of the afore-listed companies will only be lifted upon the submission of the relevant accounts, provided The Exchange is satisfied that the accounts comply with all applicable rules of The Exchange.

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