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NSE delists Afprint

By Michael Eboh

The Nigerian Stock Exchange (NSE), Monday, delisted Afprint Nigeria Plc from its Daily Official List.The company’s shares had been placed on full suspension after it informed the NSE of its planned exit from the capital market, subsequent to the approval of its Scheme of Arrangement by shareholders and the court.

Under the Scheme of Arrangement, its shareholders are entitled to receive N1.50 for every 50 kobo share, representing a premium of 74.4 per cent over the 85 kobo price at which it was suspended on the NSE.

Meanwhile, trading resumed the week on a bullish note as the value of listed equities appreciated, Monday by N29.28 billion.

The market capitalisation and All-share index, representing equities’ value appreciated by 0.53 per cent. Specifically, the capitalisation which opened at N5.521 trillion rose by N29.28 billion to close at N5.550 trillion while the index garnered 123.4 basis points to close at 23,047.31 points from 22,923.91 points at which it opened.

The market indicators which slumped 0.27 per cent, last week, were revived by gains on the prices of blue chip companies, led by Nigerian Breweries Plc, with a gain of N2.85 to close atN59.90 per share, UAC Nigeria Plc followed with a gain of N1.91 to close at N44.50 per share and Stanbic IBTC Bank Plc garnered N0.42 to close at N8.87 per share.

Other share price gainers include: RT. Briscoe (Nigeria) Plc N0.25, Vitafoam Plc N0.23, Eterna Oil and Gas Plc N0.20, Berger Paints Plc N0.19, Presco Plc N0.17, Capital Hotels Plc N0.16, United Bank for Africa Plc N0.15 among others.

On the contrary, PZ Cussons Nigeria Plc recorded the most share price loss, dropping by N0.40 to close at N26.00 per share, Nigerian Aviation Handling Company Plc followed with a loss of N0.29 to close at N8.60 per share and Diamond Bank Plc dipped by N0.22 to close at N8.50 per share.

Other share price losers include: Unilever Nigeria Plc N0.19, Afribank Nigeria Plc N0.11, Intercontinental Bank Plc N0.10, Skye Bank Plc N0.10, Union Bank Nigeria Plc N0.10, Fidson Healthcare Plc N0.09, Oceanic Bank International Plc N0.09 among others.

Equity trading, however, dipped by 51.67 per cent, as a turnover of 214.5 million shares valued at N1.81 billion was recorded in 5,667 deals, in contrast to the previous day’s turnover of 443.83 million shares valued at N4.22 billion in 5,889 deals.


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