Vanguard Markets, September 22, 2014 edition

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LEGEND 1 5-week trading bar: This bar shows the volume of the company’s shares traded during the 5 most recent weeks. Each alternate colour bar represents a consecutive week. The bar is to be read from left to right. The first bar on the left (light blue) represents the traded volume five weeks ago. The next bar (grey) represents the volume 4 weeks ago. The 5th and last bar (light blue) signifies the volume of shares exchanged last week. The purpose of the Weekly Trading bar is to give readers an instant view of trading volumes as they compare on a week-by-week basis. 2 Liquidity Rating: This indicates the level of demand for a company’s shares based on the number of deals rather than volume done over the past week. Stocks are graded accord- ing 5 categories. Blue spheres are used to represent liquidity. Category 5: This is the highest liquidity rating shown by 5 blue spheres. Stocks that have traded more than 20 deals per day on at least 4 days in the past week are awarded this score Category 4: This is shown by 4 blue spheres. It indicates that the stock has traded between 12 to 19 deals per day on at least 4 days in the past week Category 3: Shown with 3 spheres, this liquidity classification represents those stocks that have traded 8 to 11 deals per day on at least 4 days in the past week Category 2: Shown with 2 spheres it identifies those stocks that traded 4 to 7 deals per day on at least 4 days in the past week Category 1: This is shown by one blue sphere to represent stocks on which 3 deals and/or below were traded per day on at least 4 days in the week. SECTOR PRICE CHANGES - SEPTEMBER 15-19, 2014 MARKET REVIEW – SEPTEMBER 15-19, 2014 TRADING UPDATE DASHBOARD Ticker Friday 5-day 4-Week 5-Week trading 1 52-Week price range YtD PE EPS Liquidity Rating 2 Close Change, % Volume Open Week Hi Week Lo Change, % Volume Open Change, % Volume Low Close ( ) High 7UP 140.70 0.00% 148 147.73 147.73 140.70 -4.76% 1,024 128.51 9.49% 14,205 64.80 147.73 96.98% 4.46 30.05 ABCTRANS 0.69 2.99% 2,421 0.70 0.72 0.65 -1.43% 53,657 0.70 -1.43% 712,487 0.65 0.97 -11.74% 0.21 3.19 ACCESS 9.59 0.00% 5,960 9.59 9.75 9.27 0.00% 63,941 9.64 -0.52% 5,415,061 7.22 10.70 -0.10% 1.57 6.10 AGLEVENT 1.32 0.00% 2,912 1.45 1.45 1.32 -8.97% 12,015 1.40 -5.71% 23,045 1.25 1.86 -19.02% 0.23 5.87 AIICO 0.85 3.66% 18,825 0.83 0.85 0.80 2.41% 794,610 0.80 6.25% 1,495,508 0.74 1.00 -7.61% 0.15 5.59 AIRSERVICE 2.00 1.52% 2,417 2.10 2.10 1.97 -4.76% 7,226 2.20 -9.09% 15,489 1.97 4.23 -40.30% 0.50 4.00 ASHAKACEM 32.40 2.86% 2,094 32.14 33.30 31.50 0.81% 41,501 33.87 -4.34% 13,274,197 13.87 34.20 48.08% 0.80 40.12 BETAGLAS 18.40 -2.39% 55 18.85 19.79 18.40 -2.39% 7,114 17.96 2.45% 32,744 10.69 22.10 27.51% 3.38 5.58 CADBURY 52.50 0.21% 8,695 52.41 55.00 49.90 0.17% 18,635 63.37 -17.15% 46,752 49.90 110.00 -45.98% 1.57 33.44 CAP 38.21 -4.36% 541 39.95 39.95 38.21 -4.36% 7,339 39.05 -2.15% 24,938 35.96 51.66 -20.36% 1.67 23.30 CCNN 14.01 0.07% 3,720 14.50 14.50 13.55 -3.38% 15,277 14.61 -4.11% 82,591 8.00 15.98 16.85% 1.12 12.90 CONOIL 47.01 -4.84% 2,598 55.00 55.00 47.01 -14.53% 8,498 68.45 -31.32% 42,889 25.92 79.80 -23.34% 3.34 14.38 CONTINSURE 0.96 -1.03% 5,541 0.98 0.99 0.93 -2.04% 54,211 0.98 -2.04% 286,616 0.93 1.29 -20.00% 0.16 6.06 COURTVILLE 0.53 -3.64% 2,363 0.53 0.57 0.52 0.00% 9,247 0.57 -7.02% 54,553 0.50 0.89 -18.46% 0.11 5.00 CUSTODYINS 3.95 0.00% 3,595 3.95 3.99 3.88 0.00% 31,921 3.86 2.33% 133,370 1.30 4.11 81.19% 0.24 16.46 CUTIX 1.84 -4.17% 901 1.90 1.92 1.76 -3.16% 13,601 1.90 -3.16% 31,987 1.59 2.27 -5.64% 0.19 10.11 DANGCEM 224.00 1.90% 6,616 215.00 231.00 215.00 4.19% 28,227 229.97 -2.60% 214,267 185.00 250.02 3.63% 11.80 18.99 DANGFLOUR 6.89 0.00% 5,454 6.80 7.25 6.63 1.32% 9,684 7.50 -8.13% 371,199 6.32 10.76 -32.65% DANGSUGAR 8.10 -2.99% 151,069 8.50 8.90 8.00 -4.71% 188,453 8.70 -6.90% 487,468 8.00 12.49 -28.32% 0.81 10.00 DIAMONDBNK 6.20 -0.48% 104,299 6.30 6.52 6.15 -1.59% 3,324,736 6.20 0.00% 4,172,644 5.86 8.20 -17.33% 1.65 3.75 ETERNA 3.79 -0.52% 9,017 3.99 3.99 3.77 -5.01% 27,550 3.88 -2.32% 537,316 2.48 5.73 -19.87% 0.61 6.25 ETI 19.00 0.16% 15,019 19.32 20.28 18.62 -1.66% 20,592,094 16.50 15.15% 39,253,508 12.40 20.28 15.92% 3.67 5.18 FBNH 14.22 -1.25% 265,185 14.52 14.64 14.20 -2.07% 688,958 14.61 -2.67% 2,267,922 11.50 17.29 -12.76% 2.16 6.58 FCMB 4.14 -1.19% 28,949 4.15 4.34 3.98 -0.24% 252,701 4.30 -3.72% 1,069,209 3.01 4.59 7.81% 0.88 4.71 FIDELITYBK 1.96 0.51% 44,326 2.00 2.01 1.95 -2.00% 314,864 1.97 -0.51% 3,013,892 1.85 2.95 -27.41% 0.68 2.87 FIDSON 3.53 4.75% 4,094 3.50 3.53 3.24 0.86% 26,352 3.33 6.01% 226,607 1.80 3.70 28.36% 0.24 14.67 FLOURMILL 59.94 -1.41% 3,713 63.00 66.00 59.94 -4.86% 20,671 66.69 -10.12% 41,306 58.10 83.64 -26.74% 3.38 18.43 FO 223.99 1.81% 2,251 230.01 236.00 218.00 -2.62% 18,233 230.00 -2.61% 71,696 36.30 259.94 141.19% 4.63 48.33 GLAXOSMITH 62.52 -3.80% 9,806 63.17 65.00 61.09 -1.03% 15,050 63.57 -1.65% 45,275 61.09 74.97 -10.69% 3.00 21.68 GUARANTY 28.95 1.65% 382,440 29.16 29.95 28.20 -0.72% 879,258 28.52 1.51% 2,800,518 22.67 31.80 4.32% 3.27 8.86 GUINNESS 175.50 -0.78% 5,113 170.00 176.90 170.00 3.24% 20,477 189.90 -7.58% 54,763 162.00 266.70 -25.64% 7.88 22.21 HONYFLOUR 4.04 0.25% 6,031 4.06 4.08 4.00 -0.49% 57,803 4.15 -2.65% 214,759 2.62 4.50 4.94% 0.34 11.88 INTBREW 29.00 2.58% 16,554 28.90 29.00 28.10 0.35% 50,895 26.60 9.02% 212,137 18.31 31.50 2.40% 0.63 46.01 JBERGER 67.00 4.69% 3,437 61.01 67.00 60.92 9.82% 8,463 65.00 3.08% 28,116 59.18 76.45 6.23% 6.74 LINKASSURE 0.50 0 0.50 0.50 0.50 0.00% 796 0.50 0.00% 1,398 0.50 0.50 0.00% 0.04 12.57 MANSARD 2.60 1.96% 1,652 2.50 2.60 2.50 4.00% 7,717 2.48 4.84% 225,239 1.95 2.73 4.00% 0.15 16.87 MAYBAKER 1.44 2.86% 735 1.38 1.50 1.34 4.35% 23,722 1.60 -10.00% 99,471 1.33 2.64 -43.53% 0.09 15.56 MOBIL 174.00 -0.29% 1,175 180.10 180.11 174.00 -3.39% 2,427 175.75 -1.00% 12,236 103.00 182.00 50.00% 10.44 16.67 MRS 53.20 5.26% 10 50.54 53.20 50.54 5.26% 567 58.49 -9.04% 12,116 32.53 70.00 2.86% 1.04 53.85 NAHCO 5.05 0.00% 24,353 5.11 5.21 5.01 -1.17% 82,410 5.00 1.00% 240,759 4.56 6.46 -20.47% 0.32 15.55 NASCON 8.85 -1.67% 6,446 9.43 9.90 8.85 -6.15% 24,188 10.00 -11.50% 157,744 8.85 15.10 -40.40% 1.05 8.55 NB 179.00 0.28% 8,335 177.19 180.00 174.50 1.02% 50,871 175.52 1.98% 336,320 140.00 189.00 8.48% 5.24 34.18 NEIMETH 1.05 0.00% 4,702 1.03 1.08 0.99 1.94% 10,313 1.20 -12.50% 70,103 0.79 2.08 -4.55% NEM 0.79 -3.66% 105,885 0.76 0.82 0.75 3.95% 227,172 0.81 -2.47% 857,290 0.55 0.97 -2.47% NESTLE 1,050.00 2.85% 1,012 1,013.00 1,050.00 1,010.00 3.65% 6,649 1,065.00 -1.41% 20,747 945.00 1,250.01 -11.17% 28.82 36.43 NIGERINS 0.50 0 0.50 0.50 0.50 0.00% 724 0.50 0.00% 7,358 0.50 0.54 0.00% 0.02 25.00 NNFM 21.90 4.78% 10 20.91 23.08 20.90 4.73% 958 21.00 4.29% 15,858 18.00 25.57 -0.50% OANDO 24.00 -0.91% 18,589 25.11 25.48 24.00 -4.42% 260,540 26.45 -9.26% 1,175,564 10.00 36.89 -10.21% 1.11 21.53 OKOMUOIL 33.21 -3.12% 6,567 33.50 34.50 33.16 -0.87% 23,716 34.85 -4.71% 74,219 32.15 48.05 -25.92% 2.29 15.07 PAINTCOM 1.52 0.00% 262 1.60 1.68 1.52 -5.00% 264 1.60 -5.00% 42,226 1.33 2.30 -22.05% 0.35 4.57 PORTPAINT 5.08 -3.97% 1,979 5.00 5.34 5.00 1.60% 11,017 5.01 1.40% 69,636 4.00 6.25 -3.24% 0.60 8.49 PRESCO 39.37 0.97% 3,843 37.00 39.37 35.80 6.41% 10,142 36.21 8.73% 36,528 32.00 49.00 0.95% 8.38 4.48 PRESTIGE 0.50 0.00% 112 0.50 0.50 0.50 0.00% 2,446 0.50 0.00% 3,504 0.50 0.81 -20.63% 0.25 1.99 PZ 34.00 2.29% 2,836 34.60 35.00 33.24 -1.73% 21,954 35.14 -3.24% 70,777 30.08 41.46 -8.10% 1.34 25.37 REDSTAREX 4.53 2.95% 13,060 4.34 4.63 4.19 4.38% 74,640 4.60 -1.52% 178,332 4.01 5.35 6.59% 0.61 7.41 ROYALEX 0.52 -1.89% 84 0.58 0.60 0.51 -10.34% 6,273 0.59 -11.86% 154,455 0.50 0.69 -3.70% 0.10 5.09 RTBRISCOE 0.94 0.00% 2,529 0.89 0.97 0.88 5.62% 14,753 0.90 4.44% 70,616 0.84 1.49 -33.33% SEPLAT 640.00 -5.18% 7,077 655.26 675.00 640.00 -2.33% 8,780 690.00 -7.25% 17,059 590.00 735.00 5.82% SKYEBANK 2.65 -1.49% 263,516 2.87 2.97 2.57 -7.67% 507,110 2.95 -10.17% 1,449,431 2.57 4.67 -41.24% 0.84 3.17 SOVRENINS 0.50 0 0.50 0.50 0.50 0.00% 10 0.50 0.00% 16,320 0.50 0.50 0.00% 0.15 3.36 STANBIC 30.02 -2.37% 617 30.00 30.75 30.00 0.07% 45,054 29.44 1.97% 196,060 18.70 31.50 34.38% 1.92 15.93 STERLNBANK 2.17 0.46% 117,049 2.30 2.30 2.15 -5.65% 243,721 2.28 -4.82% 2,426,379 2.09 2.74 -13.20% 0.63 3.44 TOTAL 172.53 -3.07% 1,276 180.10 180.10 171.00 -4.20% 4,387 182.05 -5.23% 22,167 146.26 195.50 -0.44% 12.91 13.36 TRANSCORP 5.87 0.51% 237,178 6.05 6.29 5.77 -2.98% 1,159,289 5.72 2.62% 6,519,045 1.44 7.08 35.25% 0.09 66.90 UAC-PROP 14.50 -4.04% 8,481 15.18 15.37 14.50 -4.48% 12,023 16.15 -10.22% 42,711 12.16 21.31 -5.70% 2.20 6.61 UACN 57.49 0.97% 8,503 58.00 59.90 56.15 -0.88% 44,501 58.87 -2.34% 424,342 42.58 67.85 2.68% 2.14 26.61 UBA 6.92 1.91% 556,557 7.19 7.40 6.71 -3.76% 793,194 7.21 -4.02% 1,894,565 6.65 9.60 -24.37% 1.70 4.09 UBCAP 2.05 0.00% 2,528,752 2.02 2.08 2.00 1.49% 2,747,867 2.17 -5.53% 6,274,296 1.24 3.04 -9.69% 0.29 7.07 UBN 9.70 0.41% 5,199 10.04 10.75 9.52 -3.39% 30,461 8.17 18.73% 246,166 8.00 10.89 0.94% 0.19 51.89 UNILEVER 50.00 -1.21% 5,876 47.75 50.61 47.75 4.71% 27,538 48.99 2.06% 167,057 42.50 64.00 -5.66% 1.37 36.49 UNITYBNK 0.50 0.00% 151,357 0.50 0.50 0.50 0.00% 486,607 0.50 0.00% 1,031,578 0.50 0.72 0.00% 0.11 4.65 VITAFOAM 4.06 -4.25% 1,363 4.30 4.30 4.03 -5.58% 18,888 4.15 -2.17% 65,885 3.66 5.70 -15.59% 0.71 5.97 WAPCO 127.90 3.15% 3,905 119.70 127.90 118.00 6.85% 16,535 119.00 7.48% 132,463 88.92 136.73 11.22% 8.10 15.73 WAPIC 0.72 -1.37% 86,436 0.73 0.74 0.70 -1.37% 240,519 0.76 -5.26% 746,994 0.66 1.48 -36.28% 0.07 10.29 WEMABANK 0.91 1.11% 4,032 0.91 0.95 0.89 0.00% 86,948 0.95 -4.21% 371,120 0.89 1.40 -28.91% ZENITHBANK 24.65 -0.48% 71,293 24.60 24.84 24.00 0.20% 633,322 24.51 0.57% 2,081,346 19.50 27.40 -1.40% 3.46 7.12 Last week the All-Share Index 0.93% made a whispering recovery. The Consumer Goods index 1.23%, Industrial index 4.8% and Insurance index 1.05% marked up gains. Despite the huge buying volumes by the Qatar National Bank in its second major purchase of Ecobank Transnational Inc. shares, the Banking index 1.26% fell. Investors exchanged 2.667 billion shares of ETI, Diamond Bank and UBA Capital worth N48.692, accounting for 71.07% of traded volume, and 78.39% of traded value. Worst hit among the indices was the Oil and Gas index 4.81%. Investors made 22,109 deals 6.63% for the exchange of 3,752,130,802 shares 23.16% at N62,116,289,400.76 41.78%. The top ten companies on the gainers’ table last week were Ikeja Hotel 51.41%: 175.64%, Vono Products 37.14%: 24.61%, Premier Breweries 21.33%: 564.94%, R.T. Briscoe 8.99%: 34.01%, Champion Breweries 8.56%: 46.78%, Lafarge Africa 7.59%: 10.87%, N.E.M. Insurance Co (Nig.) 6.58%: 8.00%, Cutix 5.49%: 7.87%, Fidson Healthcare 5.39%: 26.15%, and Red Star Express 4.38%: 7.86%. Companies that declined in price by the end of the week were Roads Nig. 25.65%: 25.65%, A.G. Leventis 13.16%: 22.35%, Royal Exchange Assurance 12.07%: 3.77%, FTN Cocoa Processors 10.53%: 2.00%, Conoil 9.73%: 29.35%, Academy Press 9.03%: 44.71%, Skye Bank 7.99%: 39.77%, Dangote Sugar Refinery 7.95%: 30.77%, NPF Micro Finance Bank 7.77%: 18.75%, and Africa Prudential Registrars 6.06%: 6.63%. Legend: The figure before the colon ( : ) signifies the stock’s performance last week. The value behind the : symbol represents its year-to-date performance. Agriculture 3 1 1 Conglomerates 2 3 0 Construction/Real Estate 2 6 1 Consumer Goods 8 12 11 Financial Services 17 33 7 Healthcare 1 5 4 ICT 2 9 0 Industrial Goods 4 11 6 Natural Resources 0 5 0 Oil & Gas 8 2 1 Services 9 6 3 MARKET DATA VM1 VM | Monday, September 22, 2014 | Issue 011 Declined Unchanged Advanced

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Vanguard Markets features unbiased, in-depth coverage of corporate and market developments across a wide range of business sectors. Every week, Vanguard Markets delivers essential business analysis and commentary on Nigerian companies, regional economies, and global markets. Vanguard Markets is published by Vanguard Media Limited in association with Customs Street Advisors Limited, a specialist communications consultancy.

Transcript of Vanguard Markets, September 22, 2014 edition

Page 1: Vanguard Markets, September 22, 2014 edition

LEGEND

15-week trading bar:This bar shows the volume of the company’s shares traded during the 5 most recent weeks. Each alternate colour bar represents a consecutive week. The bar is to be read from left to right. The first bar on the left (light blue) represents the traded volume five weeks ago. The next bar (grey) represents the volume 4 weeks ago. The 5th and last bar (light blue) signifies the volume of shares exchanged last week. The purpose of the Weekly Trading bar is to give readers an instant view of trading volumes as they compare on a week-by-week basis.

2Liquidity Rating: This indicates the level of demand for a company’s shares based on the number of deals rather than volume done over the past week. Stocks are graded accord-ing 5 categories. Blue spheres are used to represent liquidity. • Category 5: This is the highest liquidity rating shown by 5 blue spheres.

Stocks that have traded more than 20 deals per day on at least 4 days in the past week are awarded this score

• Category 4: This is shown by 4 blue spheres. It indicates that the stock has

traded between 12 to 19 deals per day on at least 4 days in the past week• Category 3: Shown with 3 spheres, this liquidity classification represents

those stocks that have traded 8 to 11 deals per day on at least 4 days in the past week

• Category 2: Shown with 2 spheres it identifies those stocks that traded 4 to 7 deals per day on at least 4 days in the past week

• Category 1: This is shown by one blue sphere to represent stocks on which 3 deals and/or below were traded per day on at least 4 days in the week.

SECTOR PRICE CHANGES - SEPTEMBER 15-19, 2014MARKET REVIEW – SEPTEMBER 15-19, 2014

TRADING UPDATE

DASHBOARD

TickerFriday 5-day 4-Week

5-Week trading1

52-Week price rangeYtD PE EPS Liquidity

Rating2Close Change, % Volume Open Week Hi Week Lo Change,

% Volume Open Change, % Volume Low Close ( ) High

7UP 140.70 0.00% 148 147.73 147.73 140.70 -4.76% 1,024 128.51 9.49% 14,205 64.80 147.73 96.98% 4.46 30.05 ABCTRANS 0.69 2.99% 2,421 0.70 0.72 0.65 -1.43% 53,657 0.70 -1.43% 712,487 0.65 0.97 -11.74% 0.21 3.19

ACCESS 9.59 0.00% 5,960 9.59 9.75 9.27 0.00% 63,941 9.64 -0.52% 5,415,061 7.22 10.70 -0.10% 1.57 6.10 AGLEVENT 1.32 0.00% 2,912 1.45 1.45 1.32 -8.97% 12,015 1.40 -5.71% 23,045 1.25 1.86 -19.02% 0.23 5.87

AIICO 0.85 3.66% 18,825 0.83 0.85 0.80 2.41% 794,610 0.80 6.25% 1,495,508 0.74 1.00 -7.61% 0.15 5.59 AIRSERVICE 2.00 1.52% 2,417 2.10 2.10 1.97 -4.76% 7,226 2.20 -9.09% 15,489 1.97 4.23 -40.30% 0.50 4.00ASHAKACEM 32.40 2.86% 2,094 32.14 33.30 31.50 0.81% 41,501 33.87 -4.34% 13,274,197 13.87 34.20 48.08% 0.80 40.12 BETAGLAS 18.40 -2.39% 55 18.85 19.79 18.40 -2.39% 7,114 17.96 2.45% 32,744 10.69 22.10 27.51% 3.38 5.58CADBURY 52.50 0.21% 8,695 52.41 55.00 49.90 0.17% 18,635 63.37 -17.15% 46,752 49.90 110.00 -45.98% 1.57 33.44

CAP 38.21 -4.36% 541 39.95 39.95 38.21 -4.36% 7,339 39.05 -2.15% 24,938 35.96 51.66 -20.36% 1.67 23.30 CCNN 14.01 0.07% 3,720 14.50 14.50 13.55 -3.38% 15,277 14.61 -4.11% 82,591 8.00 15.98 16.85% 1.12 12.90

CONOIL 47.01 -4.84% 2,598 55.00 55.00 47.01 -14.53% 8,498 68.45 -31.32% 42,889 25.92 79.80 -23.34% 3.34 14.38 CONTINSURE 0.96 -1.03% 5,541 0.98 0.99 0.93 -2.04% 54,211 0.98 -2.04% 286,616 0.93 1.29 -20.00% 0.16 6.06COURTVILLE 0.53 -3.64% 2,363 0.53 0.57 0.52 0.00% 9,247 0.57 -7.02% 54,553 0.50 0.89 -18.46% 0.11 5.00CUSTODYINS 3.95 0.00% 3,595 3.95 3.99 3.88 0.00% 31,921 3.86 2.33% 133,370 1.30 4.11 81.19% 0.24 16.46

CUTIX 1.84 -4.17% 901 1.90 1.92 1.76 -3.16% 13,601 1.90 -3.16% 31,987 1.59 2.27 -5.64% 0.19 10.11DANGCEM 224.00 1.90% 6,616 215.00 231.00 215.00 4.19% 28,227 229.97 -2.60% 214,267 185.00 250.02 3.63% 11.80 18.99

DANGFLOUR 6.89 0.00% 5,454 6.80 7.25 6.63 1.32% 9,684 7.50 -8.13% 371,199 6.32 10.76 -32.65% DANGSUGAR 8.10 -2.99% 151,069 8.50 8.90 8.00 -4.71% 188,453 8.70 -6.90% 487,468 8.00 12.49 -28.32% 0.81 10.00 DIAMONDBNK 6.20 -0.48% 104,299 6.30 6.52 6.15 -1.59% 3,324,736 6.20 0.00% 4,172,644 5.86 8.20 -17.33% 1.65 3.75

ETERNA 3.79 -0.52% 9,017 3.99 3.99 3.77 -5.01% 27,550 3.88 -2.32% 537,316 2.48 5.73 -19.87% 0.61 6.25 ETI 19.00 0.16% 15,019 19.32 20.28 18.62 -1.66% 20,592,094 16.50 15.15% 39,253,508 12.40 20.28 15.92% 3.67 5.18

FBNH 14.22 -1.25% 265,185 14.52 14.64 14.20 -2.07% 688,958 14.61 -2.67% 2,267,922 11.50 17.29 -12.76% 2.16 6.58 FCMB 4.14 -1.19% 28,949 4.15 4.34 3.98 -0.24% 252,701 4.30 -3.72% 1,069,209 3.01 4.59 7.81% 0.88 4.71

FIDELITYBK 1.96 0.51% 44,326 2.00 2.01 1.95 -2.00% 314,864 1.97 -0.51% 3,013,892 1.85 2.95 -27.41% 0.68 2.87 FIDSON 3.53 4.75% 4,094 3.50 3.53 3.24 0.86% 26,352 3.33 6.01% 226,607 1.80 3.70 28.36% 0.24 14.67

FLOURMILL 59.94 -1.41% 3,713 63.00 66.00 59.94 -4.86% 20,671 66.69 -10.12% 41,306 58.10 83.64 -26.74% 3.38 18.43 FO 223.99 1.81% 2,251 230.01 236.00 218.00 -2.62% 18,233 230.00 -2.61% 71,696 36.30 259.94 141.19% 4.63 48.33

GLAXOSMITH 62.52 -3.80% 9,806 63.17 65.00 61.09 -1.03% 15,050 63.57 -1.65% 45,275 61.09 74.97 -10.69% 3.00 21.68 GUARANTY 28.95 1.65% 382,440 29.16 29.95 28.20 -0.72% 879,258 28.52 1.51% 2,800,518 22.67 31.80 4.32% 3.27 8.86 GUINNESS 175.50 -0.78% 5,113 170.00 176.90 170.00 3.24% 20,477 189.90 -7.58% 54,763 162.00 266.70 -25.64% 7.88 22.21

HONYFLOUR 4.04 0.25% 6,031 4.06 4.08 4.00 -0.49% 57,803 4.15 -2.65% 214,759 2.62 4.50 4.94% 0.34 11.88 INTBREW 29.00 2.58% 16,554 28.90 29.00 28.10 0.35% 50,895 26.60 9.02% 212,137 18.31 31.50 2.40% 0.63 46.01 JBERGER 67.00 4.69% 3,437 61.01 67.00 60.92 9.82% 8,463 65.00 3.08% 28,116 59.18 76.45 6.23% 6.74

LINKASSURE 0.50 0 0.50 0.50 0.50 0.00% 796 0.50 0.00% 1,398 0.50 0.50 0.00% 0.04 12.57MANSARD 2.60 1.96% 1,652 2.50 2.60 2.50 4.00% 7,717 2.48 4.84% 225,239 1.95 2.73 4.00% 0.15 16.87MAYBAKER 1.44 2.86% 735 1.38 1.50 1.34 4.35% 23,722 1.60 -10.00% 99,471 1.33 2.64 -43.53% 0.09 15.56

MOBIL 174.00 -0.29% 1,175 180.10 180.11 174.00 -3.39% 2,427 175.75 -1.00% 12,236 103.00 182.00 50.00% 10.44 16.67 MRS 53.20 5.26% 10 50.54 53.20 50.54 5.26% 567 58.49 -9.04% 12,116 32.53 70.00 2.86% 1.04 53.85

NAHCO 5.05 0.00% 24,353 5.11 5.21 5.01 -1.17% 82,410 5.00 1.00% 240,759 4.56 6.46 -20.47% 0.32 15.55 NASCON 8.85 -1.67% 6,446 9.43 9.90 8.85 -6.15% 24,188 10.00 -11.50% 157,744 8.85 15.10 -40.40% 1.05 8.55

NB 179.00 0.28% 8,335 177.19 180.00 174.50 1.02% 50,871 175.52 1.98% 336,320 140.00 189.00 8.48% 5.24 34.18 NEIMETH 1.05 0.00% 4,702 1.03 1.08 0.99 1.94% 10,313 1.20 -12.50% 70,103 0.79 2.08 -4.55%

NEM 0.79 -3.66% 105,885 0.76 0.82 0.75 3.95% 227,172 0.81 -2.47% 857,290 0.55 0.97 -2.47% NESTLE 1,050.00 2.85% 1,012 1,013.00 1,050.00 1,010.00 3.65% 6,649 1,065.00 -1.41% 20,747 945.00 1,250.01 -11.17% 28.82 36.43

NIGERINS 0.50 0 0.50 0.50 0.50 0.00% 724 0.50 0.00% 7,358 0.50 0.54 0.00% 0.02 25.00NNFM 21.90 4.78% 10 20.91 23.08 20.90 4.73% 958 21.00 4.29% 15,858 18.00 25.57 -0.50%OANDO 24.00 -0.91% 18,589 25.11 25.48 24.00 -4.42% 260,540 26.45 -9.26% 1,175,564 10.00 36.89 -10.21% 1.11 21.53

OKOMUOIL 33.21 -3.12% 6,567 33.50 34.50 33.16 -0.87% 23,716 34.85 -4.71% 74,219 32.15 48.05 -25.92% 2.29 15.07 PAINTCOM 1.52 0.00% 262 1.60 1.68 1.52 -5.00% 264 1.60 -5.00% 42,226 1.33 2.30 -22.05% 0.35 4.57PORTPAINT 5.08 -3.97% 1,979 5.00 5.34 5.00 1.60% 11,017 5.01 1.40% 69,636 4.00 6.25 -3.24% 0.60 8.49

PRESCO 39.37 0.97% 3,843 37.00 39.37 35.80 6.41% 10,142 36.21 8.73% 36,528 32.00 49.00 0.95% 8.38 4.48 PRESTIGE 0.50 0.00% 112 0.50 0.50 0.50 0.00% 2,446 0.50 0.00% 3,504 0.50 0.81 -20.63% 0.25 1.99

PZ 34.00 2.29% 2,836 34.60 35.00 33.24 -1.73% 21,954 35.14 -3.24% 70,777 30.08 41.46 -8.10% 1.34 25.37 REDSTAREX 4.53 2.95% 13,060 4.34 4.63 4.19 4.38% 74,640 4.60 -1.52% 178,332 4.01 5.35 6.59% 0.61 7.41 ROYALEX 0.52 -1.89% 84 0.58 0.60 0.51 -10.34% 6,273 0.59 -11.86% 154,455 0.50 0.69 -3.70% 0.10 5.09

RTBRISCOE 0.94 0.00% 2,529 0.89 0.97 0.88 5.62% 14,753 0.90 4.44% 70,616 0.84 1.49 -33.33% SEPLAT 640.00 -5.18% 7,077 655.26 675.00 640.00 -2.33% 8,780 690.00 -7.25% 17,059 590.00 735.00 5.82%

SKYEBANK 2.65 -1.49% 263,516 2.87 2.97 2.57 -7.67% 507,110 2.95 -10.17% 1,449,431 2.57 4.67 -41.24% 0.84 3.17 SOVRENINS 0.50 0 0.50 0.50 0.50 0.00% 10 0.50 0.00% 16,320 0.50 0.50 0.00% 0.15 3.36STANBIC 30.02 -2.37% 617 30.00 30.75 30.00 0.07% 45,054 29.44 1.97% 196,060 18.70 31.50 34.38% 1.92 15.93

STERLNBANK 2.17 0.46% 117,049 2.30 2.30 2.15 -5.65% 243,721 2.28 -4.82% 2,426,379 2.09 2.74 -13.20% 0.63 3.44 TOTAL 172.53 -3.07% 1,276 180.10 180.10 171.00 -4.20% 4,387 182.05 -5.23% 22,167 146.26 195.50 -0.44% 12.91 13.36

TRANSCORP 5.87 0.51% 237,178 6.05 6.29 5.77 -2.98% 1,159,289 5.72 2.62% 6,519,045 1.44 7.08 35.25% 0.09 66.90 UAC-PROP 14.50 -4.04% 8,481 15.18 15.37 14.50 -4.48% 12,023 16.15 -10.22% 42,711 12.16 21.31 -5.70% 2.20 6.61

UACN 57.49 0.97% 8,503 58.00 59.90 56.15 -0.88% 44,501 58.87 -2.34% 424,342 42.58 67.85 2.68% 2.14 26.61 UBA 6.92 1.91% 556,557 7.19 7.40 6.71 -3.76% 793,194 7.21 -4.02% 1,894,565 6.65 9.60 -24.37% 1.70 4.09

UBCAP 2.05 0.00% 2,528,752 2.02 2.08 2.00 1.49% 2,747,867 2.17 -5.53% 6,274,296 1.24 3.04 -9.69% 0.29 7.07 UBN 9.70 0.41% 5,199 10.04 10.75 9.52 -3.39% 30,461 8.17 18.73% 246,166 8.00 10.89 0.94% 0.19 51.89

UNILEVER 50.00 -1.21% 5,876 47.75 50.61 47.75 4.71% 27,538 48.99 2.06% 167,057 42.50 64.00 -5.66% 1.37 36.49 UNITYBNK 0.50 0.00% 151,357 0.50 0.50 0.50 0.00% 486,607 0.50 0.00% 1,031,578 0.50 0.72 0.00% 0.11 4.65VITAFOAM 4.06 -4.25% 1,363 4.30 4.30 4.03 -5.58% 18,888 4.15 -2.17% 65,885 3.66 5.70 -15.59% 0.71 5.97

WAPCO 127.90 3.15% 3,905 119.70 127.90 118.00 6.85% 16,535 119.00 7.48% 132,463 88.92 136.73 11.22% 8.10 15.73 WAPIC 0.72 -1.37% 86,436 0.73 0.74 0.70 -1.37% 240,519 0.76 -5.26% 746,994 0.66 1.48 -36.28% 0.07 10.29

WEMABANK 0.91 1.11% 4,032 0.91 0.95 0.89 0.00% 86,948 0.95 -4.21% 371,120 0.89 1.40 -28.91% ZENITHBANK 24.65 -0.48% 71,293 24.60 24.84 24.00 0.20% 633,322 24.51 0.57% 2,081,346 19.50 27.40 -1.40% 3.46 7.12

Last week the All-Share Index ↑0.93% made a whispering recovery. The Consumer Goods index ↑1.23%, Industrial index ↑4.8% and Insurance index ↑1.05% marked up gains. Despite the huge buying volumes by the Qatar National Bank in its second major purchase of Ecobank Transnational Inc. shares, the Banking index ↓1.26% fell. Investors exchanged 2.667 billion shares of ETI, Diamond Bank and UBA Capital worth N48.692, accounting for 71.07% of traded volume, and 78.39% of traded value. Worst hit among the indices was the Oil and Gas index ↓4.81%. Investors made 22,109 deals ↓6.63% for the exchange of 3,752,130,802 shares ↓23.16% at N62,116,289,400.76 ↓41.78%.The top ten companies on the gainers’ table last week were Ikeja Hotel ↑51.41%: ↑175.64%, Vono Products ↑37.14%: ↓24.61%, Premier Breweries ↑21.33%: ↑564.94%, R.T. Briscoe ↑8.99%: ↓34.01%, Champion Breweries ↑8.56%: ↓46.78%, Lafarge Africa ↑7.59%: ↑10.87%, N.E.M. Insurance Co (Nig.) ↑6.58%: ↑8.00%, Cutix ↑5.49%: ↑7.87%, Fidson Healthcare ↑5.39%: ↑26.15%, and Red Star Express ↑4.38%: ↑7.86%.Companies that declined in price by the end of the week were Roads Nig. ↓25.65%: ↓25.65%, A.G. Leventis ↓13.16%: ↓22.35%, Royal Exchange Assurance ↓12.07%: ↓3.77%, FTN Cocoa Processors ↓10.53%: ↑2.00%, Conoil ↓9.73%: ↓29.35%, Academy Press ↓9.03%: ↓44.71%, Skye Bank ↓7.99%: ↓39.77%, Dangote Sugar Refinery ↓7.95%: ↓30.77%, NPF Micro Finance Bank ↓7.77%: ↑18.75%, and Africa Prudential Registrars ↓6.06%: ↓6.63%.Legend: The figure before the colon ( : ) signifies the stock’s performance last week. The value behind the : symbol represents its year-to-date performance.

Agriculture 3 1 1Conglomerates 2 3 0

Construction/Real Estate 2 6 1Consumer Goods 8 12 11

Financial Services 17 33 7Healthcare 1 5 4

ICT 2 9 0Industrial Goods 4 11 6

Natural Resources 0 5 0Oil & Gas 8 2 1Services 9 6 3

MARKET DATA VM1VM | Monday, September 22, 2014 | Issue 011

Declined Unchanged Advanced

Page 2: Vanguard Markets, September 22, 2014 edition

MARKET SNAPSHOT

3-MONTH PRICE TREND OF BELLWETHER STOCKS

LEGEND

ACCESS 9.5910.707.22

YtD -0.01-0.10%

-0.21-2.14%

0.000.00%3M 1W

PE 1.570.00

JulyJune August15/09

M T W T F

19/09

???? 32.4034.2013.87

YtD 10.5248.08%

3.5212.19%

0.260.81%3M 1W

PE 0.800.26

JulyJune August15/09

M T W T F

19/09

CADBURY 52.50110.0049.90

YtD -44.68-45.98%

-25.30-32.52%

0.090.17%3M 1W

PE 1.570.09

JulyJune August15/09

M T W T F

19/09

CAP 38.2151.6635.96

YtD -9.77-20.36%

-1.79-4.47%

-1.74-4.36%3M 1W

PE 1.67-1.74

JulyJune August15/09

M T W T F

19/09

CCNN 14.0115.988.00

YtD 2.0216.85%

3.3231.06%

-0.49-3.38%3M 1W

PE 1.12-0.49

JulyJune August15/09

M T W T F

19/09

CONTINSURE 0.961.290.93

YtD -0.24-20.00%

-0.13-11.93%

-0.02-2.04%3M 1W

PE 0.16-0.02

JulyJune August15/09

M T W T F

19/09

FCMB 4.144.593.01

YtD 0.307.81%

-0.11-2.59%

-0.01-0.24%3M 1W

PE 0.880.01

JulyJune August15/09

M T W T F

19/09

GUARANTY 28.9531.8022.67

YtD 1.204.32%

-0.45-1.53%

-0.21-0.72%3M 1W

PE 3.270.21

JulyJune August15/09

M T W T F

19/09

MANSARD 2.602.731.95

YtD 0.104.00%

-0.11-4.06%

0.104.00%3M 1W

PE 0.150.10

JulyJune August15/09

M T W T F

19/09

OANDO 24.0036.8910.00

YtD -2.73-10.21%

-3.56-12.92%

-1.11-4.42%3M 1W

PE 1.111.11

JulyJune August15/09

M T W T F

19/09

STANBIC 30.0231.5018.70

YtD 7.6834.38%

5.0220.08%

0.020.07%3M 1W

PE 1.920.02

JulyJune August15/09

M T W T F

19/09

UBA 6.929.606.65

YtD -2.23-24.37%

-1.08-13.50%

-0.27-3.76%3M 1W

PE 1.700.27

JulyJune August15/09

M T W T F

19/09

DANGCEM 224.00250.02185.00

YtD 7.843.63%

-2.20-0.97%

9.004.19%3M 1W

PE 11.809.00

JulyJune August15/09

M T W T F

19/09

FIDELITYBK 1.962.951.85

YtD -0.74-27.41%

-0.08-3.92%

-0.04-2.00%3M 1W

PE 0.680.04

JulyJune August15/09

M T W T F

19/09

GUINNESS 175.50266.70162.00

YtD -60.51-25.64%

-4.51-2.51%

5.503.24%3M 1W

PE 7.885.50

JulyJune August15/09

M T W T F

19/09

MOBIL 174.00182.00103.00

YtD 58.0050.00%

43.99 33.84%

-6.10-3.39%3M 1W

PE 10.446.10

JulyJune August15/09

M T W T F

19/09

OKOMUOIL 33.2148.0532.15

YtD -11.62-25.92%

0.772.37%

-0.29-0.87%3M 1W

PE 2.290.29

JulyJune August15/09

M T W T F

19/09

TOTAL 172.53195.50146.26

YtD -0.77-0.44%

1.530.89%

-7.57-4.20%3M 1W

PE 12.917.57

JulyJune August15/09

M T W T F

19/09

UNILEVER 50.0064.0042.50

YtD -3.00-5.66%

-0.04-0.08%

2.254.71%3M 1W

PE 1.372.25

JulyJune August15/09

M T W T F

19/09

DIAMONDBNK 6.208.205.86

YtD -1.30-17.33%

-0.10-1.59%

-0.10-1.59%3M 1W

PE 1.650.10

JulyJune August15/09

M T W T F

19/09

FLOURMILL 59.9483.6458.10

YtD -21.88-26.74%

-10.06-14.37%

-3.06-4.86%3M 1W

PE 3.383.06

JulyJune August15/09

M T W T F

19/09

HONYFLOUR 4.044.502.62

YtD 0.194.94%

-0.06-1.46%

-0.02-0.49%3M 1W

PE 0.340.02

JulyJune August15/09

M T W T F

19/09

NASCON 8.8515.108.85

YtD -6.00-40.40%

-2.65-23.04%

-0.58-6.15%3M 1W

PE 1.050.58

JulyJune August15/09

M T W T F

19/09

PRESCO 39.3749.0032.00

YtD 0.370.95%

2.847.77%

2.376.41%3M 1W

PE 8.382.37

JulyJune August15/09

M T W T F

19/09

UACN 57.4967.8542.58

YtD 1.502.68%

-2.51-4.18%

-0.51-0.88%3M 1W

PE 2.140.51

JulyJune August15/09

M T W T F

19/09

WAPCO 127.90136.7388.92

YtD 12.9011.22%

18.4016.80%

8.206.85%3M 1W

PE 8.108.20

JulyJune August15/09

M T W T F

19/09

ETI 19.0020.2812.40

YtD 2.6115.92%

3.6723.94%

-0.32-1.66%3M 1W

PE 3.670.32

JulyJune August15/09

M T W T F

19/09

FO 223.99259.9436.30

YtD 131.12141.19%

-13.52-5.69%

-6.02-2.62%3M 1W

PE 4.636.02

JulyJune August15/09

M T W T F

19/09

INTBREW 29.0031.5018.31

YtD 0.682.40%

2.9211.20%

0.100.35%3M 1W

PE 0.630.10

JulyJune August15/09

M T W T F

19/09

NB 179.00189.00140.00

YtD 13.998.48%

14.008.48%

1.811.02%3M 1W

PE 5.241.81

JulyJune August15/09

M T W T F

19/09

PZ 34.0041.4630.08

YtD -3.00-8.10%

-4.50-11.69%

-0.60-1.73%3M 1W

PE 1.340.60

JulyJune August15/09

M T W T F

19/09

UAC-PROP 14.5021.3112.16

YtD -0.88-5.70%

-3.19-18.03%

-0.68-4.48%3M 1W

PE 2.200.68

JulyJune August15/09

M T W T F

19/09

ZENITHBANK 24.6527.4019.50

YtD -0.35-1.40%

0.652.71%

0.050.20%3M 1W

PE 3.460.05

JulyJune August15/09

M T W T F

19/09

TICKER 25.2327.4019.23

1YtD 0.230.92%

2.9012.99%

0.010.04%3M 1W

PE 7.290.01

May June July21/07

M T W T F

25/07

FBNH 14.2217.2911.50

YtD -2.08-12.76%

-1.19-7.72%

-0.30-2.07%3M 1W

PE 2.160.30

JulyJune August15/09

M T W T F

19/09

GLAXOSMITH 62.5274.9761.09

YtD -7.48-10.69%

-3.71-5.60%

-0.65-1.03%3M 1W

PE 3.000.65

JulyJune August15/09

M T W T F

19/09

JBERGER 67.0076.4559.18

YtD 3.936.23%

-1.13-1.66%

5.999.82%3M 1W

PE 6.745.99

JulyJune August15/09

M T W T F

19/09

NESTLE 1050.001250.01945.00

YtD -132.00-11.17%

-5.00-0.47%

37.003.65%3M 1W

PE 28.8237.00

JulyJune August15/09

M T W T F

19/09

SEPLAT 640.00735.00590.00

YtD 35.205.82%

-30.00-4.48%

-15.26-2.33%3M 1W

PE --15.26

JulyJune August15/09

M T W T F

19/09

3 4 5

9

13

10 11

12

6

8

14

7

21

1. 52-week low price2. Year low price3. Current price4. Year high price5. 52-week high price6. Current price7. 5-day price change8. PE ratio9. 1-year price change10. 3-months price change11. 1-week price change12. Daily price movement over 3 months.13. 30-day moving average14. Daily price movement over last week

MARKET DATAVM2 VM | Monday, September 22, 2014 | Issue 011

Page 3: Vanguard Markets, September 22, 2014 edition

MARKET DATA VM3

MARKET SNAPSHOT

# TICKER WTD YTD

1 DANGCEM 4.19 3.63

2 NB 1.02 8.48

3 GUARANTY -0.72 4.32

4 NESTLE 3.65 -11.17

5 ZENITHBANK 0.20 -1.40

6 FBNH -2.07 -12.76

7 WAPCO 6.85 11.22

8 ETI -1.66 15.92

9 STANBIC 0.07 34.38

10 GUINNESS 3.24 -25.64

11 FO -2.62 141.19

12 UBA -3.76 -24.37

13 TRANSCORP -2.98 35.25

14 ACCESS 0.00 -0.10

15 OANDO -4.42 -10.21

16 UNILEVER 4.71 -5.66

17 UBN -3.39 0.94

18 FLOURMILL -4.86 -26.74

19 PZ -1.73 -8.10

20 UACN -0.88 2.68

21 CADBURY 0.17 -45.98

22 DANGSUGAR -4.71 -28.32

23 INTBREW 0.35 2.40

24 7UP -4.76 96.98

25 DIAMONDBNK -1.59 -17.33

26 JBERGER 9.82 6.23

27 FCMB -0.24 7.81

28 ASHAKACEM 0.81 48.08

29 MOBIL -3.39 50.00

30 GLAXOSMITH -1.03 -10.69

31 TOTAL -4.20 -0.44

32 FIDELITYBK -2.00 -27.41

33 STERLNBANK -5.65 -13.20

34 PRESCO 6.41 0.95

35 SKYEBANK -7.67 -41.24

36 CONOIL -14.53 -23.34

37 OKOMUOIL -0.87 -25.92

38 CAP -4.36 -20.36

39 NEIMETH 1.94 -4.55

40 MAYBAKER 4.35 -43.53

WEEK-TO-DATE RETURN-15%

-50%

-20%

-30%

-40%

-10%

0%

+10%

+20%

+30%

+40%

+50%

+60%

+70%

+80%

+100%

+90%

+120%

+140%

+130%

+110%

+150%

0%-10% -5% 5% 10%

YEA

R-TO

-DAT

E RE

TURN

LAGGING

SLIPPING LEADING

IMPROVING

123

4

5

6

78

9

10

11

12

13

14

1516

17

18

19

20

21

22

23

24

25

2627

2829

30

31

32

33

34

35

3637

38

39

40

Bubble size = Market Cap

TRADING BREAKDOWN BY SECTOR

Sector %

Financial Services 91 \ 32

Conglomerates 3 \ 5

Consumer Goods 1

Others 5

12/09 18/0916/0913.3

13.4

13.5

13.6

13.7

2960

2970

2980

2990

3000

FGN Bond Index Market Value YTD Return

INDEX PERFORMANCE

Index Week Opening

Week Close Change WtD MtD QtD YtD

1 All Shares Index 40,672.94 41,049.28 376.34 0.93 -1.16 -3.37 -0.68

2 NSE 30 Index 1,856.96 1,874.36 17.4 0.94 -0.85 -2.97 -1.72

3 NSE Banking Index 434.35 428.87 -5.48 -1.26 0.05 -0.92 -4.24

4 NSE Insurance Index 142.41 143.91 1.5 1.05 -0.45 -1.99 -5.86

5 NSE Consumer Goods Index 997.92 1,010.18 12.26 1.23 -1.72 -4.54 -8.19

6 NSE Oil/Gas Index 467.06 444.6 -22.46 -4.81 -7.47 -5.05 30.81

7 NSE Lotus Islamic Index 2,631.96 2,710.23 78.27 2.97 -0.56 -5.72 -5.34

8 NSE Industrial Index 2,629.45 2,755.63 126.18 4.8 2.85 3.33 8.21

MARKET SNAPSHOT

Date Deals Turnover Volume Turnover Value Traded Stocks Advanced

StocksDeclined Stocks

Unchanged Stocks

All Shares Index Value

1 15.09.14 4,084 2,183,332,339 47,740,635,251.58 116 \ 106 22 \ 29 31 \ 25 63 \ 52 40,769.00

2 16.09.14 4,573 519,117,730 4,210,974,147.29 106 \ 121 24 \ 27 27 \ 29 55 \ 65 40,648.15

3 16.09.14 4,876 195,988,550 2,800,928,377.02 109 \ 126 29 \ 20 30 \ 24 50 \ 82 40,729.49

4 17.09.14 4,188 273,435,255 2,728,628,440.57 112 \ 108 26 \ 23 25 \ 24 61 \ 61 40,683.45

5 18.09.14 4,388 580,256,928 4,635,123,184.30 111 \ 115 31 \ 29 24 \ 31 56 \ 55 41,049.28

The \ arrow signifies week-on-week change in value. This week’s value is shown on the left of the \ sign, and last week’s value on the right.

GLOBAL INTEREST RATES & INFLATION TARGETSCentral Bank Rate Last Date

Change%

Change Inflation

TargetChina 6.00% 05.07.2012 -0.31 4.00%Japan 0-0.10% 05.10.2010 -0.20 2.00%

UK 0.50% 05.03.2009 -0.50 2.00%USA 0-0.25% 16.12.2008 -0.1 2.00%

Eurozone 0.05% 04.09.2014 -0.10 <2.00%Brazil 11.00% 02.04.201 +0.25 4.5% +/-2.0%Canada 1.00% 20.07.2010 +0.25 2.0% +/-1.0%Egypt 8.25% 05.12.2013 -0.50

India 8.00% 28.01.2014 +0.25Indonesia 7.50% 12.11.2013 +0.25 4.5% +/-1.0%Malaysia 3.25% 10.06.2014 +0.25Mexico 3.00% 06.06.2014 -0.50 3.00% +/-1.0%Morocco 3.00% 28.03.2012 -0.25Nigeria 12.00% 10.10.2011 +2.75 6.00% - 9.00%Qatar 4.50% 10.08.2011 -0.50Russia 8.00% 28.07.2014 +0.50 5%*

Thailand 2.00% 12.03.2014 -0.25 0.5% - 3.0%Turkey 8.75% 24.06.2014 -0.75 5.00%

* +/- 1.5 pct point uncertainty band

Indices

ASI

NSE30

NSEBNK

NSEINS

NSECNSMRGDS

NSEOILGAS

NSELOTUSISLM

NSEINDUSTR

0.93%0.90%

0.94%0.96%

-1.26%0.88%

1.05%0.43%

1.23%0.99%

-4.81%-0.12%

2.97%1.61%

4.80%1.71%

-0.68%

YtD, % WtD, % DtD, %

-1.72%

-4.24%

-5.86%

-8.19%

30.81%

-5.34%

8.21%

-8% -4%-6% -2% 0% 4% 6% 9%2%

MoFr51,05

51,20

51,50

51,35

51,6551,247.71

Tu We Th Fr

JSE FTSE

MoFr6,700

6,750

6.850

6,800

6,9006,837.92

Tu We Th Fr

FTSE 100

MoFr40,55

40,70

41,00

40,85

41,1541,049.28

Tu We Th Fr

NSEASI

MoFr1,980

1,990

2,010

2,000

2,0202,010.4

Tu We Th Fr

S&P 500

VM | Monday, September 22, 2014 | Issue 011