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Agriculture

From Rediscover Nigeria desk

  AGRICULTURE   The wealth of a nation is partially measured by its ability to guarantee its citizenry food security.In…

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Manufacturing

From Rediscover Nigeria's Desk

Manufacturing in Nigeria concentrates mainly on the production of consumer goods. With a population estimated today at over 156 million…

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Nigeria! Overview

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Tourism in Nigeria has huge potentials to be a major foreign exchange earner. The Obasanjo administration has created awareness among…

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Nigeria's Resources

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Nigeria's total verified external debts as at December 2010 was US$4.578 billion as against US$3.947 billion in 2009. Total scrutinized…

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Rediscover Nigeria Capital Market

Capital Market

Activities at the Nigeria Stock Exchange reflect what the general global phenomenon is.  The global economic recession brought a shrink in disposable income and inflation.  In the year, 2010, aggregate volume of traded securities fell by 9.3% but value increased by 16.3%.  In 2008, all shares index dropped by 26,539.44 points or 45.8% to close at 31,450.78 points.  In 2009, it dropped by 33.8% or 10,623.61 points to close at 20,827.17.

Aggregate market capitalization of 264 listed securities in 2010 rose by 41.0% to close at N9.9trillion (Approx. US$64.2bn), as against N7.0 trillion recorded in 2009.  The market capitalization of 217 listed equities increased from N5.3trillion in 2009 to close at N7.9 trillion resulting from new listing and price appreciation recorded by the highly capitalized equities.  Market capitalization as a percentage of GDP was 33.6% as against 28.5% in 2009.

Compared with the preceding five years, the primary market has been less active in applications received for listing and issues offered for public subscription. While in 2008, 70 applications valued at N2.6trillion or 11.3% of GDP was approved, in 2009 only 30 applications for issues valued at N279.25 billion or 1.2% of GDP was approved.

 

2006

2007

2008

2009

2010

Market Capitaliztion(N)

N5.2 trill

N3.295trill

N9.56trill

N7.03 trill

N9.9trill

All shares index

33,189.30

57,990.22

31,450.78

20,827.17

24,770.5

Volume of Trading

N36.5 bn

N2.1 trn

N2.4 trn

N685.72 bn

N797.6bn

Value Traded

N470.25bn

N2.1 trn

N2.4 trn

N685.72 bn

N797.6bn

Listing Securities

288

309

299

266

264

No. of Listed Companies

206

212

213

216

-

Source: Nigeria Stock Exchange (N.S.E.)

 

With the transformation agenda, the series of measures taken by the Central Bank of Nigeria to ease the liquidity squeeze and the mopping up of toxic assets in the Banking sector, confidence and increased activity is expected to end the year 2011.

GOVERNMENT BONDS

In 2005, Federal Government stocks sector had a turnover of N7.32 billion as against N300 million in 2004.

The State Government sector recorded a turnover of N728 million.

In 2006, of the total turnover of shares valued at N157.52 billion (N106.1bn in 2005) FGN development stocks accounted of N1.6billion, while N72 million was of State Government bond sector.

As registered in the 2007 (half year report) N760.81bn of supplementary share issues, Federal and State Government bond issue accounted for N273.5 billion representing 35.95% of the total amount approved.

10 MOST CAPITALISED STOCKS 2008

 

1.  First Bank

889.084

2.  Intercontinental Bank

752.593

3.  UBA

558.869

4.  Zenith Bank

533.810

5.  Union Bank

498.624

6.  Guaranty Trust Bank

479.625

7.  Oceanic

435.411

8.  Dangote Sugar Refinery Plc

389.500

9.  Nigerian Breweries

370.565

10.Ecobank Transnational Inc.

292.250

 

COMPANY

MARKET CAPITALISATION Nbn

1. First Bank Plc

524.848

2.  Zenith Bank Plc

368.385

3.  Nigerian Breweries Plc

308.931

4.  UBA Plc

283.467

5.  Ecobank Transnational Inc.

273.396

6.  Oceanic Bank Int’l Plc

267.767

7.  Intercontinental Bank Plc

243.055

8.  African Petroleum Plc

231.088

9.  Bank PHB Plc

206.387

10.Stanbic IBTC Bank Plc

204.375

 

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