NSE trading reopens on depressed note, indices down by 0.90

12
121

…As SEC estimates total amount of unclaimed dividend at N103 billion***

Weekly transactions on the Nigerian Stock Exchange (NSE) opened on Monday on depressed note with the market indices sliding by 0.90 per cent.

The market capitalisation shed N136 billion or 0.90 per cent to close at N15.337 trillion amidst profit taking.

It closed at N15.476 trillion on Friday.

Also, the All-Share Index, which opened at 43,127.92, lost 390.03 points or 0.90 per cent to close at 42,737.89.

An analysis of the price movement table indicated that Dangote Cement led the gainers’ table gaining N5.30 to close at N272 per share.

Betaglass followed with a gain of N3.25 to close at N68.70, while PZ Industries gained N1.40 to close at N25.40 per share.

International Breweries appreciated by N1 to close at N60, while GlaxosmithKline also added N1 to close at N21.20 per share.

Conversely, Nigerian Breweries recorded the highest loss, dropping by N3.90 to close at N133 per share.

Guaranty Trust Bank trailed with N2.40 to close at N45.60, while Lafarge Wapco was down by N2 to close at N50 per share.

Zenith International Bank shed N1.50 to close at N29.40, while Flour Mills depreciated by N1.10 to close at N31.50 per share.

Similarly, the volume of shares traded closed lower as investors exchanged 517.44 million shares worth N5.19 billion in 5,852 deals.

This was in contrast to the 552.39 million shares valued at N4.49 billion shares traded in 5,489 deals on Friday.

Skye Bank was the investors’ delight accounting for 73.15 million shares worth N79.16 million.

It was followed by FBN Holdings with 71.34 million shares worth N815.73 million, while Jaiz Bank traded 40.57 million shares valued at N42.39 million.

Transcorp sold 40.48 million shares worth N84.07 million, while FCMB Group traded 26.22 million shares valued at N71.33 million.

SECURITY

PREV/CLOSE

OPEN

HIGH

LOW

CLOSE

CHANGE

CHANGE(%)

VOLUME

VALUE

ABBEYBDS

1.3

1.3

1.3

1.3

1.3

0.00

0.00%

                             10.00

                               13.00

ABCTRANS

0.39

0.4

0.4

0.4

0.4

0.01

2.56%

              1,649,283.00

                    659,713.20

ACCESS

11.95

12

12

11.4

11.55

-0.4

-3.35%

              7,887,675.00

              91,655,832.90

AFRINSURE

0.44

0.44

0.44

0.44

0.44

0.00

0.00%

                       2,200.00

                             924.00

AFRIPRUD

4.8

4.8

4.8

4.7

4.7

-0.1

-2.08%

              2,288,733.00

              10,939,071.98

AGLEVENT

0.57

0.57

0.57

0.57

0.57

0.00

0.00%

                  144,398.00

                       85,194.82

AIICO

0.73

0.7

0.7

0.67

0.67

-0.06

-8.22%

              2,480,236.00

                 1,668,638.12

AIRSERVICE

4.9

4.9

4.9

4.9

4.9

0.00

0.00%

                             38.00

                             178.60

BERGER

9

9

9

9

9

0.00

0.00%

                    29,986.00

                    283,367.70

BETAGLAS

65.45

68.7

68.7

68.7

68.7

3.25

4.97%

                    70,100.00

                 4,804,180.00

BOCGAS

4.58

4.58

4.58

4.58

4.58

0.00

0.00%

                       5,000.00

                       23,530.00

CADBURY

14.8

14.8

14.8

14.8

14.8

0.00

0.00%

                  227,784.00

                 3,372,637.20

CAP

38.85

38.85

38.85

38.85

38.85

0.00

0.00%

                       4,000.00

                    147,800.00

CAPHOTEL

3.15

3.15

3.15

3.15

3.15

0.00

0.00%

                             10.00

                               30.00

CAVERTON

3

3

3

3

3

0.00

0.00%

                  187,700.00

                    535,640.00

CCNN

18.15

18.15

18.15

18.15

18.15

0.00

0.00%

                  389,510.00

                 6,807,779.15

CHAMPION

3

3

3

3

3

0.00

0.00%

                  102,746.00

                    293,090.55

CILEASING

1.85

1.9

1.9

1.9

1.9

0.05

2.70%

              1,555,164.00

                 2,866,346.84

CONOIL

39.3

39.3

39.3

39.3

39.3

0.00

0.00%

                    10,393.00

                    388,178.55

CONTINSURE

1.62

1.62

1.62

1.62

1.62

0.00

0.00%

                  117,667.00

                    188,737.60

COURTVILLE

0.46

0.46

0.46

0.46

0.46

0.00

0.00%

                             10.00

                                 4.40

CUSTODIAN

4

4.17

4.17

4

4

0.00

0.00%

                  424,148.00

                 1,726,532.30

DAARCOMM

0.5

0.5

0.5

0.5

0.5

0.00

0.00%

                       4,440.00

                         2,131.20

DANGCEM

266.7

258

272

258

272

5.3

1.99%

                  438,353.00

            115,813,686.40

DANGFLOUR

15.95

15.55

15.95

15.55

15.85

-0.1

-0.63%

              1,400,249.00

              22,123,282.05

DANGSUGAR

21.75

21.1

21.1

20.7

20.7

-1.05

-4.83%

              2,605,331.00

              54,330,264.05

DIAMONDBNK

2.94

2.96

2.86

2.82

2.82

-0.12

-4.08%

            22,899,057.00

              64,644,577.86

EQUITYASUR

0.48

0.46

0.44

0.44

0.44

-0.04

-8.33%

                  278,000.00

                    124,320.00

ETERNA

6

5.7

5.42

5.42

5.42

-0.58

-9.67%

                  636,043.00

                 3,460,086.82

ETI

19.65

19.55

19.65

19.55

19.65

0.00

0.00%

                  937,448.00

              18,403,590.90

FBNH

12

11.9

11.9

11.4

11.4

-0.6

-5.00%

            71,341,897.00

            815,727,621.80

FCMB

2.79

2.85

2.79

2.71

2.71

-0.08

-2.87%

            26,221,749.00

              71,333,705.43

FIDELITYBK

3.26

3.26

3.26

3.1

3.1

-0.16

-4.91%

            19,619,267.00

              61,064,425.12

FIDSON

4.7

4.7

4.7

4.7

4.7

0.00

0.00%

                  239,452.00

                 1,090,393.96

FIRSTALUM

0.46

0.46

0.46

0.46

0.46

0.00

0.00%

                  401,089.00

                    183,880.94

FLOURMILL

32.6

32.7

33

31

31.5

-1.1

-3.37%

              1,921,650.00

              61,188,852.35

FO

48.2

48.2

48.2

48.2

48.2

0.00

0.00%

                  182,224.00

                 8,375,175.90

GLAXOSMITH

20.2

21.2

21.2

21.2

21.2

1

4.95%

                  107,625.00

                 2,206,560.80

GSPECPLC

6.35

6.35

6.35

6.35

6.35

0.00

0.00%

                          600.00

                         3,810.00

GUARANTY

48

48

48

45.6

45.6

-2.4

-5.00%

            17,369,552.00

            813,417,882.50

GUINNESS

110

110

110

110

110

0.00

0.00%

                  230,838.00

              24,144,822.90

HMARKINS

0.35

0.34

0.34

0.33

0.33

-0.02

-5.71%

              6,625,662.00

                 2,188,968.46

HONYFLOUR

2.95

2.95

2.95

2.84

2.84

-0.11

-3.73%

              1,117,047.00

                 3,208,742.63

INTBREW

59

61.95

63

59.05

60

1

1.69%

            22,786,401.00

        1,395,856,616.50

JAIZBANK

1.05

1

1.1

1

1.09

0.04

3.81%

            40,572,710.00

              42,389,864.80

JAPAULOIL

0.42

0.4

0.4

0.4

0.4

-0.02

-4.76%

              8,891,542.00

                 3,556,616.80

JBERGER

27.3

27.3

27.3

27.3

27.3

0.00

0.00%

                    56,935.00

                 1,562,090.95

JOHNHOLT

0.5

0.5

0.5

0.5

0.5

0.00

0.00%

                       2,410.00

                         1,236.80

LASACO

0.36

0.35

0.36

0.34

0.35

-0.01

-2.78%

            24,380,506.00

                 8,499,138.77

LEARNAFRCA

1.05

1.05

1.05

1.05

1.05

0.00

0.00%

                       5,081.00

                         5,321.00

LINKASSURE

0.85

0.86

0.88

0.85

0.88

0.03

3.53%

              3,680,934.00

                 3,190,282.90

LIVESTOCK

1.05

1

1

1

1

-0.05

-4.76%

              1,349,530.00

                 1,349,745.00

MANSARD

2.57

2.57

2.57

2.57

2.57

0.00

0.00%

                    30,000.00

                       75,000.00

MAYBAKER

2.85

2.72

2.72

2.71

2.71

-0.14

-4.91%

              1,938,379.00

                 5,286,733.84

MBENEFIT

0.48

0.48

0.48

0.48

0.48

0.00

0.00%

                       9,000.00

                         4,140.00

MCNICHOLS

1.2

1.2

1.2

1.2

1.2

0.00

0.00%

                       2,176.00

                         2,480.64

MEDVIEWAIR

2.17

2.17

2.17

2.17

2.17

0.00

0.00%

                       2,500.00

                         5,561.00

MOBIL

199.5

199.5

199.5

199.5

199.5

0.00

0.00%

                    11,044.00

                 2,116,063.80

MORISON

0.53

0.53

0.53

0.53

0.53

0.00

0.00%

                          420.00

                             214.20

MRS

27

27

27

27

27

0.00

0.00%

                    11,328.00

                    310,711.65

MULTIVERSE

0.4

0.38

0.38

0.38

0.38

-0.02

-5.00%

                  200,000.00

                       76,000.00

NAHCO

3.88

3.71

3.71

3.71

3.71

-0.17

-4.38%

                  558,858.00

                 2,161,797.91

NASCON

21

21

21

21

21

0.00

0.00%

                  274,260.00

                 5,725,760.50

NB

136.9

140

135

133

133

-3.9

-2.85%

                  978,422.00

            130,584,055.30

NEIMETH

0.9

0.9

0.9

0.9

0.9

0.00

0.00%

                          500.00

                             430.00

NEM

1.89

1.89

1.89

1.89

1.89

0.00

0.00%

                  425,936.00

                    770,649.10

NESF

552.2

552.2

552.2

552.2

552.2

0.00

0.00%

                               5.00

                         2,750.00

NESTLE

1360

1360

1360

1360

1360

0.00

0.00%

                    59,035.00

              79,597,810.20

NNFM

5.7

5.7

5.7

5.7

5.7

0.00

0.00%

                    18,305.00

                    104,338.50

NPFMCRFBK

1.95

1.95

1.95

1.95

1.95

0.00

0.00%

                  104,950.00

                    196,571.54

OANDO

5.99

5.99

5.99

5.99

5.99

0.00

0.00%

                  325,402.00

                 1,949,157.98

OKOMUOIL

72.5

72.65

72.65

72.65

72.5

0.00

0.00%

                    29,161.00

                 2,113,294.90

PRESCO

70

70

70

70

70

0.00

0.00%

                  155,254.00

              10,862,620.25

PRESTIGE

0.56

0.58

0.56

0.56

0.56

0.00

0.00%

              1,001,000.00

                    560,580.00

PZ

24

24.8

25.4

24

25.4

1.4

5.83%

              4,068,627.00

              99,007,197.20

REDSTAREX

6

5.8

5.8

5.8

5.8

-0.2

-3.33%

                  115,480.00

                    667,561.95

REGALINS

0.5

0.5

0.5

0.5

0.5

0.00

0.00%

                       6,885.00

                         3,304.80

ROYALEX

0.42

0.4

0.4

0.4

0.4

-0.02

-4.76%

              4,446,000.00

                 1,778,400.00

SEPLAT

685

685

685

685

685

0.00

0.00%

                    34,975.00

              24,015,575.00

SKYEBANK

1.07

1.12

1.16

1.07

1.07

0.00

0.00%

            73,151,209.00

              79,161,356.36

SKYESHELT

100

100

100

100

100

0.00

0.00%

                          190.00

                       18,050.00

SOVRENINS

0.48

0.48

0.48

0.48

0.48

0.00

0.00%

                             10.00

                                 4.60

STACO

0.5

0.5

0.5

0.5

0.5

0.00

0.00%

                             10.00

                                 4.80

STANBIC

46

45.4

45.45

45.1

45.45

-0.55

-1.20%

                  430,013.00

              19,447,788.85

STERLNBANK

2.36

2.36

2.37

2.25

2.25

-0.11

-4.66%

              3,399,586.00

                 7,701,273.70

TOTAL

230

230

230

230

230

0.00

0.00%

                       7,797.00

                 1,786,818.00

TRANSCORP

2.14

2.11

2.14

2.04

2.04

-0.1

-4.67%

            40,476,650.00

              84,074,282.48

TRIPPLEG

0.92

0.92

0.92

0.92

0.92

0.00

0.00%

                       2,500.00

                         2,200.00

UACN

16.75

17.55

17.45

16.75

17.45

0.7

4.18%

              2,933,718.00

              50,206,988.75

UAC-PROP

2.95

3

3

2.99

3

0.05

1.69%

              2,046,225.00

                 6,132,481.67

UBA

12

12.4

12

11.8

11.8

-0.2

-1.67%

              8,504,085.00

            100,558,993.70

UBN

8.25

8.05

8.05

8

8

-0.25

-3.03%

                  495,058.00

                 3,948,774.50

UCAP

4.3

4.25

4.27

4.25

4.25

-0.05

-1.16%

              5,965,404.00

              25,372,643.14

UNILEVER

49.45

49

49

49

49

-0.45

-0.91%

                  373,579.00

              18,305,692.75

UNITYBNK

1.83

1.74

1.92

1.74

1.92

0.09

4.92%

              4,951,056.00

                 9,177,871.83

UPL

2.25

2.2

2.2

2.14

2.14

-0.11

-4.89%

              1,122,421.00

                 2,423,748.72

VITAFOAM

3.27

3.11

3.19

3.11

3.19

-0.08

-2.45%

              1,377,836.00

                 4,303,613.38

WAPCO

52

52

52

50

50

-2

-3.85%

              1,268,221.00

              63,845,753.05

WAPIC

0.64

0.67

0.67

0.61

0.61

-0.03

-4.69%

            17,906,998.00

              11,062,419.35

WEMABANK

1.29

1.35

1.41

1.29

1.32

0.03

2.33%

            24,989,277.00

              34,005,660.06

ZENITHBANK

30.9

29.6

30

29.4

29.4

-1.5

-4.85%

            19,347,235.00

            569,667,091.30

 

Meanwhile, the Securities and Exchange Commission (SEC) has again stressed the need for capital market investors to enroll in the e dividend registration platform and stem the rising figure of unclaimed dividend in the market currently put at N103 billion as at December 2017.

The e-registration platform was designed as part of efforts by the Capital market regulatory authority to eradicate the difficulties encountered by retail investors in claiming their dividends through their savings account.

The Director-General of the SEC, Dr Abdul Zubair while addressing participants at the maiden edition of ‘Dividend Payment Awards For Nigeria’s Listed Companies,’ organised by Third Observers Nigeria Limited in Lagos at the weekend, maintained that the era of stale dividends and huge unclaimed dividends in the market will be a thing of the past if investors’ would key into the e-dividend payment platform.

The SEC boss, who was represented by the Director of the commission, Rowland Henry bemoaned the poor investors’ patronage on e dividend registration in the market, noting that huge amount of unclaimed dividend discourages investors from investing in the stock market.

“We need to encourage people to key into the platform

“Huge amount of unclaimed dividend will discourage both local and foreign investors and make them to look at other asset classes like the fixed income market.”

Subsequently, he enjoined all shareholders and investors in the Nigerian capital market to complete e-dividend mandate documents with their banks and registrars

Furthermore, the commission advised registrars to exercise caution while validating names generated by the system to avoid dissimilarity with the physical forms.

Indeed, from a little over N2 billion in 1999, the figure by the end of 2008 had risen to about N20 billion. And now the SEC estimate that the value of the unclaimed dividends had increased to about N103 billion as at December 2017.

This is despite measures put in place by the Securities and Exchange Commission (SEC) to stem the rising figure and put an end to the cankerworm, investors’ returns on investment have continued to accumulate on a yearly basis without being claimed.

Zubair, had in a recent Capital Market Committee meeting in Lagos announce that the deadline for the free registration, that has been paid for by the commission since the introduction of the e-dividend would continue till February 28, 2018.

According to the commission, in reviewing the progress of the e-Dividend registration exercise after the December 31, 2017 deadline, it was noted that there was still a great influx of shareholders desirous of mandating their bank accounts for payment of dividends electronically.

“In light of the foregoing, the SEC, as part of its developmental role, has extended the period for the free e-Dividend registration exercise till February 28, 2018, to encourage more shareholders mandate their bank accounts.

Additional report from Guardian NG