The bulls maintained  control as the ASI and market capitalisation garnered 597.66 points (2.03 percent) and N137 billion (2.04 percent) to record 30,013.26 points and N6.845 trillion as against 29,415.60 points and N6.708 trillion the preceding day. In the same vein, there were some improvement on the activity chart as the volume, value and number of deals increased by 17.28 percent, 20.18 percent and 14.53 percent respectively from 450.43 million units valued at N3.86 billion in 10,168 deals to 528.25 million units worth N4.63 billion in 11,645 deals.
Top Five Trades
Access Bank Plc led the chart with 58.94 million units worth N625.70 million in 772 deals followed by Dangote Sugar Plc (41.00 million units), First Bank of Nigeria Plc (31.78 million units), Diamond Bank Plc (27.99 million units) and Goldlink Insurance Plc (24.89 million units).
Analysis of Gainers/Losers
The number of gainers reduced by 2 compared with the previous day. Out of 135 stocks transacted on, 75 (55 percent) appreciated, 24 (18 percent) declined, while 36 (27 percent) remained constant in their share prices compared with 141 equities in which 77 (54 percent) gained, 28 (20 percent) shed weight, with 36 (26 percent) stagnant the previous day.
Notable Gainers
Oando Plc was prominent on the advancers table, gaining N4.31 (4.76 percent) to close at N90.58. Others were Guinness, Flour Mills, Dangote Sugar, Ecobank Transnational Incorporated, Ashaka Cement, Costain (W.A.), First Bank, Guaranty Trust Bank, Julius Berger, among others.
Notable Decliners
The share price of Conoil Plc decreased by N0.85 (1.37 percent) to close at N62.00. Others were Access Bank, R.T. Briscoe, Presco, Deap Capital, IPWA, Courtville Investments, Tantalizer, Great Nigeria Insurance, and so on.
Stock in Focus
Guinness Nigeria Plc
Guinness Nigeria Plc was incorporated on April 29, 1950 and got listed on the Daily Official List of the NSE in November, 1965 under the Breweries subsector.
The company's business interest spans across brewing, bottling and marketing of Guinness Foreign Extra Stout, Harp Lager, Malta Guinness, Satzenbrau, Gordon Spark, Extra Smooth, Smirnoff Ice and other beverages.
The following are the company's subsidiaries:
• Amber Trust Company Limited
• Emerald Trust Company Limited
The shareholding structure goes thus:
• Guinness Overseas Limited 46.03 percent
• Atalantaf Limited 7.77 percent
• Nigerian Citizens & Associates 46.20 percent Guinness has 1,474,925,519 numbers of outstanding shares with an EPS of N10.40 and a P/E Ratio of 11.73x. Last week, investors traded on 1.55 million units valued at N182.99 million in 308 deals to close the week at N118.02 per Ordinary share. The highest price attained this year is N123.90 while the lowest is N67.05.
In the second quarter result for the period ended December 31, 2008, Turnover rose by 35.35 percent from N32.13 billion in 2007 to N43.48 billion in 2008. PBT had a 51.82 percent increase from N7.71 billion to N11.71 billion and PAT appreciated by 53.69 percent from N5.24 billion to N8.06 billion.
Companies Result
Access Bank Plc
In the audited account of Access Bank Plc for the FYE March 31, 2009, the bank's Board approved N0.70k dividend per Ordinary share and would close its register on July 1, 2009 while payment date is July 14, 2009. The bank's AGM is fixed for July 14, 2009.