Investorsâ€™ appetite for government bonds heightened , last week, as they staked N178 billion in the Over-the-Counter market for Federal Government of Nigeriaâ€™s (FGN) bonds.This represented an appreciation of 4.05 per cent from N171.27 billion invested in the sector last week.
In particular, turnover appreciated by 11.87 per cent, as a turnover of 163.1 million units of FGN bond valued at N178.21 billion in 1,263 deals, in contrast to the previous weekâ€™s turnover of 145.8 million units valued at N171.27 billion in 1,127 deals.
The 6th FGN Bond 2029 Series 5 recorded the highest transaction in the sector, accounting for 31.21 per cent of the sectorâ€™s turnover, with 50.9 million units valued at N51.3 billion in 351 deals, followed by the 6th FGN Bond 2019 Series 4, with the exchange of 27.6 million units valued at N28.18 billion in 239 deals.
Meanwhile, a number of companies released their financial score cards to the Nigerian Stock Exchange (NSE) last week.
Abplast Products Plc, in its audited result for the year ended, December 31, 2009 announced a loss after tax of N12.83 million compared with a loss after tax of N54.8 million in 2008.
Its turnover grew by 247.66 per cent to N8.9 million compared to N2.56 million in 2008.
Evans Medical Plc in its audited result for the year ended, December 31, 2008 recorded a turnover of N4.47 billion as against N3.15 billion in 2007, while it posted a loss after tax and exceptional items stood at N510.1 million compared with N317.02 million in 2007.
In its unaudited financial statement for the first quarter ended, March 31, 2010, Wema Bank Plc announced a gross earnings of N8.43 billion, as against N8.08 billion in the comparable period of 2009, while its profit after tax stood at N675 million compared with loss after tax of N2.053 billion in 2009.
UACN Property Development Company Plc in its unaudited result for the first quarter ended, March 31, 2010 announced a turnover of N1.15 billion, as against N4.17 billion in the comparable period of 2009, and a profit after tax of N203.6 million compared with N357.23 million in 2009.
Chemical and Allied Products Plc posted a turnover ofÂ Â N838.2 million in its unaudited result for the first quarter ended March 31, 2010 as against a turnover of N688.1 million in the comparable period of 2009 while its profit after tax stood at N149.6 million compared with N147.82 million in 2009.
Airline Services and Logistics Plcâ€™s unaudited result for the first quarter ended March 31, 2010 recorded a turnover of N853.8 million, as against N903.2 million in the comparable period of 2009, profit after tax and exceptional items stood at N36.64 million compared with N123.4 million in 2009.
In its unaudited result for the first quarter ended March 31, 2010, Guaranty Trust Assurance Plc posted a gross premium of N3.71 billion, as against N2.84 billion in the comparable period of 2009, profit after tax stood at N380.3 million compared with N157.24 million in 2009.