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FBN, Intercontinental Bank emerge most capitalized stocks
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Erastus Akingbola.
A turnover of 9.59 billion shares worth N164.78 billion in 180,869 deals were recorded in December, in contrast to a total of 18.0 billion shares valued at N266.63 billion exchanged during November 2007 in 256,892 deals as First Bank and Intercontinental Bank emerged the most capitalized stocks.
Turnover during the year totalled 138.08 billion shares valued at N2.086 trillion.This represents 443.83 per cent of the total turnover recorded in 2006.
First Bank of Nigeria Plc emerged as the most capitalised stock for the month, with market capitalisation of N882.95 billion while Intercontinental Bank Plc followed with a market capitalisation of N752.59 billion.
A total of 2,000,000,000 ordinary shares of 50 kobo each in the name of Big Treat Plc were admitted to the Daily Official List at a price of N2.85 each. Also, a total of 5,200,000,000 ordinary shares of N0.50 each in the name of National Sports Lottery Plc and a total of 1,000,000,000 ordinary shares of N0.50 each in the name of Deap Capital Management Plc were admitted to the Daily Official List at a price of N2.90 and N2.88 respectively.
Six Federal Government of Nigeria Bonds were admitted to the Daily Official List. These are:
• 3-year N36 billion 4th FGN Bond Series 7 with a coupon rate of 7.95 per cent and subscription rate of 200 per cent
• 10-year N20 billion 4th FGN Bond Series 8 with coupon rate of 9.85 per cent and subscription rate of 176.3 per cent
• 10-year N20 billion 4th FGN Bond Series 9A with coupon rate of 9.35 per cent and subscription rate of 203.05 per cent
• 5-year N46 billion 4th FGN Bond Series 10 with coupon rate of 9.5 per cent and subscription rate of 105 per cent
• 10-year N20 billion 4th FGN Bond Series 9B with coupon rate of 9.35 per cent and subscription rate of 136.45 per cent.
• 7-year N37.19 billion 4th FGN Bond Series 11 with coupon rate of 9.25 per cent and subscription rate of 155.3 per cent.
During the month, there were three supplementary listing as shown in Table 6 below.
S/N COMPANY ADDITIONAL SHARES REASONS
1. First Bank of Nigeria Plc 7,666,470,465 Public offering and right offering.
2. Diamond Bank Plc 3,759,398,500 Domestic Global Depository Receipts.
3. Oando Plc 181,769,627 Merger between Oando & Ocean Oil investments Ltd.
The Nigerian Stock Exchange All-Share Index, which opened at 54,189.92 closed at 57,990.22. This shows an increase of 7.01 per cent during the month. Table 10 shows the 103 gainers and 42 losers during the month
First Bank of Nigeria Plc emerged as the most capitalised stock for the month, with market capitalisation of N882.95 billion while Intercontinental Bank Plc followed with a market capitalisation of N752.59 billion.
A total of 2,000,000,000 ordinary shares of 50 kobo each in the name of Big Treat Plc were admitted to the Daily Official List at a price of N2.85 each. Also, a total of 5,200,000,000 ordinary shares of N0.50 each in the name of National Sports Lottery Plc and a total of 1,000,000,000 ordinary shares of N0.50 each in the name of Deap Capital Management Plc were admitted to the Daily Official List at a price of N2.90 and N2.88 respectively.
Six Federal Government of Nigeria Bonds were admitted to the Daily Official List. These are:
• 3-year N36 billion 4th FGN Bond Series 7 with a coupon rate of 7.95 per cent and subscription rate of 200 per cent
• 10-year N20 billion 4th FGN Bond Series 8 with coupon rate of 9.85 per cent and subscription rate of 176.3 per cent
• 10-year N20 billion 4th FGN Bond Series 9A with coupon rate of 9.35 per cent and subscription rate of 203.05 per cent
• 5-year N46 billion 4th FGN Bond Series 10 with coupon rate of 9.5 per cent and subscription rate of 105 per cent
• 10-year N20 billion 4th FGN Bond Series 9B with coupon rate of 9.35 per cent and subscription rate of 136.45 per cent.
• 7-year N37.19 billion 4th FGN Bond Series 11 with coupon rate of 9.25 per cent and subscription rate of 155.3 per cent.
During the month, there were three supplementary listing as shown in Table 6 below.
S/N COMPANY ADDITIONAL SHARES REASONS
1. First Bank of Nigeria Plc 7,666,470,465 Public offering and right offering.
2. Diamond Bank Plc 3,759,398,500 Domestic Global Depository Receipts.
3. Oando Plc 181,769,627 Merger between Oando & Ocean Oil investments Ltd.
The Nigerian Stock Exchange All-Share Index, which opened at 54,189.92 closed at 57,990.22. This shows an increase of 7.01 per cent during the month. Table 10 shows the 103 gainers and 42 losers during the month
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