The Nigerian Stock Exchange has admitted the Federal Government of Nigeria’s 50 million 16 per cent June 2019 Bond into its Daily Official List.

The Series 3 bond, named FG9B2019S3, is valued at N50bn and was admitted on Friday.

The NSE’s report for the week ended July 6, 2012 noted that by the action, the total number of Federal Government listed bonds increased to 28.

The NSE has also adjusted the prices of two equities for dividend payment following the recommendation of the Boards of Directors of the companies.

The companies affected were Ecobank Transnational Incorporated Plc and Aluminium Extrusion Industries Plc.

According to the report, the price of ETI was adjusted for a dividend of 0.4 cents per share to be paid as from July 17, 2012, while the price of Aluminium Extrusion was adjusted for a dividend of five kobo per share, to be paid from August 21, 2012.

In the Over-the-Counter Bond market, a turnover of 167.033 million units, worth N165.43bn were exchanged last week, in 807 deals, compared to 185.36 million units, valued at N171.54bn exchanged the previous week, in 496 transactions.

According to the report, increased activities were recorded in the bond market, Exchange Traded funds and equities markets. Also, the major market indicators closed the week, on an upward trend to recoup the losses recorded on the first trading day of the week.

In the week under review, a total of 1,007 billion shares, worth N8.507bn were exchanged by investors, in 18,352 deals, compared to 5.38 billion shares, valued at N22.47bn exchanged the preceding week, in 17,019 transactions.

The report noted that 3,301 units of NewGold ETFs valued at N8.372m were exchanged in nine deals.

In all, 39 equities appreciated in price last week, with Nestle Nigeria Plc leading the chart with a gain of N51.79 or 11.61 per cent to close at N498.04 per share.

Total Nigeria Plc followed on the price gainers’ chart, rising by N5 or four per cent to close at N130 per share.

Other gainers included Nigeria Breweries Plc which rose by 4.42 per cent and 7-Up Bottling Company Plc, which gained 4.7 per cent.

On the other hand, 30 stocks recorded price loss, with Guinness Nigeria Plc leading the chart with a loss of N3 to close at N225 per share while Dangote Cement Plc lost N2 or 1.82 per cent to N108 per share.

Source: Punch/Udeme Ekwere