The Nigerian Stock Exchange has adjusted the prices of three equities for dividend payment.

The NSE’s report for the week ended April 13, 2012, said the decision to adjust the prices followed the recommendation of the boards of the companies.

The companies affected were Unilever Nigeria Plc; Grief Nigeria Plc and Access Bank Plc. According to the report, the price of Unilever was adjusted for a dividend of N1.40 per share, while the price of Grief Nigeria was adjusted for a dividend of 30 kobo per share.

Access Bank’s price was also adjusted for a final dividend of 30 kobo per share.

The report noted that a total of 14.4 billion ordinary shares of Union Bank Plc were admitted on the Daily Official List last week.

According to the report, this follows the conclusion of placing of 9.9 billion ordinary shares to the Asset Management Corporation of Nigeria, and 4.4 billion ordinary shares to Global Partners Limited.

It added that with this, the shares outstanding of Union Bank stood at 16.9 billion.

In the Over-the-Counter Bond market, a turnover of 62.32 million units worth N51.93bn was recorded last week, in 472 deals, compared to 129.62 million units, valued at N111.73bn exchanged the preceding week, in 803 transactions.

The most active bond measured in terms of turnover was the seven per cent FGN October 2019 Bond 2014 with a traded volume of 13.27 million units valued at N9.07bn in 91 deals.

The report said this was followed by the 16.39 per cent FGN January 2022 Bond with a traded volume of 13.07 million units, worth N14.20bn in 96 deals.

It noted that six of the available 26 FGN Bonds were traded last week, compared with eight traded the preceding week.

Meanwhile, the market capitalisation declined by N26bn or 0.4 per cent to close at N6.615tn from N6.641tn recorded at the beginning of the week.

Similarly, the NSE All-Share Index depreciated by 0.95 per cent or 198.77 basis points to close at 20,743.16 points from 20,914.93 points.

Mobil Oil Nigeria Plc led 32 other stocks on the price losers’ chart for the week under review.

The petroleum marketing stock lost 9.54 per cent or N13.93 to close at N132.07 per share, while Guinness Nigeria Plc followed with a loss of N5.05 or 2.19 per cent to close at N225.09 per share.

Source: Punch/Udeme Ekwere