(by ugonna MADUAGUFOR)

Last Weeks Activity Summary.

All share index ended at 51,894.04 points with 2.63 billion units of shares worth 38.1 billion naira  traded. Seventy- two of the listed equities appreciated in value by way of price gaining, and this upward price trend was championed by first Bank Nigeria Plc. Notably, First Banks equity was just coming back to the trading floor after the statutory two weeks technical suspension due to her recent public offer. Other top gainers were Total Plc, Afribank Plc, and RT Briscoe. While the key price losers included Ashaka cement, WAPCO and Mobil.

 Last week also, Seven new securities including five Federal Government Bonds were listed on the Nigerian Stock Exchange floor. Also Nigerian Aviation Handling Company NAHCO was removed from the aviation sector by way of re-clasification into the newly created Airline servicing sub-sector.

  Some of the results released last week includes:

First Bank Plc. Full financial year trading profit and loss summary on 31 march 2007.

                                   2007                             2006

Turn Over                   N90.32bilion               N67.4billion

PAT                            N18.4billion                N16.4billion

Dividend                     N1per share                 N1per share

Share Bonus                One for Six                  One for One

CON Oil Plc Full financial year trading profit and loss summary on 31 Dec. 2006.

2007                                                          2006   

Turn Over                    N19.52billion               N75.5billion

PAT                             N2.81billion                 N2.62billion

Dividend                      N2.75 per share            N2.62 per share

Academy press Plc  Full financial year trading profit and loss summary on 31 March 2007.

2007                                                              2006

Turn Over                 N1.11billion                   N930.90million

PAT                          N61.8million                  N47.80million

Dividend                   6kobo per share              5kobo per share

Date for close of register is 20^th of August 2007.

Date for actual payment of dividend is 25^th September 2007.

Annual General Meeting date is 6^th September 2007.

Northern Nigeria Flour Mill  Full financial year trading profit and loss summary on 31 March 2007.

                               2007                                 2006

Turn Over              N4.8billion                       N4.9billion

PAT                       (N104.40million)              N55.1million

Dividend                Nil                                     25kobo

According to the board of directors of NNFM, the Loss After Tax recorded in 2007 is as a result of rising cost of production,  stronger market competition and decreasing consumer demand for their products. However the board intends to combat this decline by adopting cost control strategies.

(No Ratings Yet)

 Loading ...

This entry was posted on Monday, July 30th, 2007 at 7:26 pm and is filed under Stock Market News. You can follow any responses to this entry through the RSS 2.0 feed. Tags: Nigerian Stock exchange
You can leave a response, or trackback from your own site.