The Nigerian Stock Exchange has listed 263.65 million ordinary shares of Vono Products Plc on its Daily Official List.

The shares which were listed as part of the company’s Rights issue were included in the DOL on Friday.

The NSE’s report for the week ended September 7, 2012, noted that by the action, the issued shares of the company had increased to 563.65 million shares.

According to the report, the 9.50 per cent FN Aug 2012 bond was delisted from the NSE’s Daily Official List, thus reducing the number of FGN Bonds to 25.

Also the NSE adjusted the prices of three equities for dividend payment in the week under consideration following a recommendation by the boards of the companies.

The companies affected were Honeywell Flour Mills Plc; University Press Plc and Royal Exchange Plc.

According to the report, the price of Honeywell Flour was adjusted for a dividend of 15 kobo per share, while the price of University Press was adjusted for a dividend of 35 kobo per share.

It noted that Royal Exchange was also adjusted for dividend of four kobo per share.

 In the Over-the-Counter Bond market, a total of 227 million units, worth N227bn were recorded last week, in 1,034 deals, compared to 165.87 million units, valued at N162bn exchanged the preceding week, in 760 deals.

The NSE Index crossed the 23 points threshold last week, as the All-Share Index appreciated by 4.58 per cent to close at 24,838.70 basis points up from 23,750.82 points recorded at the beginning of the week.

Similarly, the market capitalisation of the listed equities, which opened the week at N7.56tn, rose by 4.59 per cent to close at N7.91tn.

A total of 50 stocks appreciated in price during the week higher than 43 recorded the previous week.

Flour Mills Plc recorded the highest price appreciation, rising by 15.68 per cent or N8.39 to close at N61.89 per share.

Nigerian Breweries Plc followed on the chart, with a 3.66 per cent gain to close at N127.50 per share.

Other price gainers included Cadbury Nigeria Plc rising by 23.25 per cent to close at N22 per share, Okomu Oil Palm Plc which gained 11.11 per cent to close at N35 per share, and Mobil Oil Nigeria Plc with a 2.6 per cent gain to close at N114.50 per share.

Source: Punch/Udeme Ekwere