TOP GAINER & LOSER
At the close of trading on Friday 24th November 2017, Dangote Sugar led the top gainers by an appreciation in price of 20.31% opening at ₦14.33 and closing at ₦17.24, a ₦2.91 gain within five consecutive trading days. Forte Oil led the list of top losers with a depreciation in price of -17.73% opening at ₦48.62 and closing at ₦40.00, an ₦8.62 loss within five consecutive trading days.
SUPPLEMENTARY SHARES LISTING
Lafarge Africa Plc listed additional units 85,261,220 ordinary shares on the daily official list of the exchange on wednesday the 22nd November 2017. The additional units were issued to shareholders of Ashakacem Plc in exchange for their shares in Ashakacem pursuant to a scheme of arrangement of capital re-organization between Ashakacem and holders of its fully paid ordinary shares of 50k each dated 26th September 2017. This brings the additional listing of 85,261,220 ordinary shares, the total issued and fully paid up shares of Lafarge Africa, from 5,490,513,997 to 5,575,775,217 ordinary shares.
- First City Monument Bank Group, the holding company for First City Monument Bank released their 3rd Quarter unaudited results for the month ending September 2017, while Nigerian Emalware Plc, a company that manufactures plastics and galvanized buckets, released their 2nd Quarter results for the month ending October 2017
- Nestle Nigeria announced the closure of register for the period ending September 2017 with an interim proposed dividend of 1500 kobo per share. The closure of register is between the 27th November-1st December while the payment of dividend is dated for the 11th of December 2017.
- Lafarge Africa proposes a right issue 3,097,653,023 ordinary shares of 50 Kobo each at the offer
price of N42.50 per share on the basis of five (5) new ordinary shares for every nine (9) ordinary
shares held as at 01 November 2017. The Nigeria Stock Exchange says despite the fact that an application for approval was sent to SEC on 1st November 2017, the opening of trading will begin on the 27th November & close on the 15th December 2017, due to a late communication to the exchange for creation of code for trading on the stock.