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Nigerian Breweries still hot on the Exchange


April 28, 2006/guardian




With a market capitalisation of N231.18 billion from 7.56 billion shares valued at N30.57 each, Nigerians Breweries Plc (NB Plc) remained the most capitalised company on the Nigerian Stock Exchange at the end of transactions in March.

NB Plc was followed by First Bank of Nigeria Plc with N191.66 billion capitalisation level made up of 5.18 billion shares at N37.00 each, while Union Bank of Nigeria Plc and Guinness Nigeria Plc ranked third and fourth, with N152 billion and N152 billion and N120.4 billion from 5.97 billion and 1.18 billion shares at N25.48 and N102.00 per share respectively.

By the monthly stock market report of the Nigerian Stock Exchange for March, the most active stock in the review period was Oceanic Bank International Plc, with 298.5 million shares, while Access Bank Plc followed with 296.43 million shares, and Intercontinental Bank Plc, Guaranty Trust Bank Plc and First Bank of Nigeria Plc traded 143.8 million shares, 105.3 million shares and 83.16 million shares respectively.

University Press Plc emerged the highest price gainer in percentage terms with 75.63 per cent from an opening price of 160 kobo to close higher at 281 kobo per share, while Tripple Gee and Co Plc, Incar Nigeria Plc, Law Union and Rock Insurance Plc and Nampak Nigeria Plc followed with 57.89 per cent, 56.38 per cent, 51.76 per cent and 33.7 per cent.

SCOA Nigeria Plc led the losers\' down by 26.88 per cent to close at 68 kobo while First City Monument Bank Plc, and Afroil Plc dropped by 23.87 per cent and 19.57 per cent to close at 389 kobo and 37 kobo.

Eternal Oil and gas Plc, Livestock Feeds Plc, Evans Medical Plc, Nigerian Breweries Plc and Unilever Nigeria Plc also lost 16.67 per cent, 15.18 per cent, 13.46 per cent, 12.41 per cent and 12.27 per cent from an opening price of 240 kobo, 112 kobo, 260 kobo, 34.90 kobo and 20.45 kobo to closing price of 200 kobo, 95 kobo, 225 kobo, 30.57 kobo and 17.94 kobo, respectively.

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