Int’l Breweries, Cadbury emerge most profitable stocks in 2012
By CHINEDU IBEABUCHI
International Breweries Plc gained 184.21 per cent or N10.5 while Cadbury Nigeria Plc gained 154.39 per cent or N17.6 in share prices to emerge the most profitable stocks on NSE 30 index for 2012.
The nation’s capital market which closed year 2012 on a positive note despite opening on a weak investors’ patronage, saw many blue chip stocks attracting strong investors’ confidence to end the year-to-date on a strong positive note.
In the major market indices, 2012 Year-to-Date, YTD performance review of the NSE 30 index reveals that twenty-four (24) stocks currently trade in the green zone while the remaining six (6) stocks trade otherwise, a review by Proshare Investment Company Ltd revealed.
The NSE 30 index companies come from’ a variety of different industry sectors in order to reflect a diversified view of the overall performance of the stock market. Of the many indices available to track the stock market, NSE 30 is the most popular. The components of the index are changed periodically to reflect the matrix developed by the bourse.
top gainers for 2012 in the NSE 30 index include International Breweries Plc, Cadbury Nigeria Plc and Diamond Bank Plc.
Meanwhile, the top losers are Total Nigeria Plc, United Bank of Nigeria Plc, UBN and Mobil Nigerian Plc.
The NSE 30 Index recorded 43.26 per cent appreciation YTD gains in 2012 as the All-Share Index, ASI also records 35.84 per cent appreciation YTD gains in the same period.
International Breweries Plc which opened the year at N5.7 per share, gained 184.21 per cent or N10.5 to close at N16.2 per share; Cadbury Nigeria Plc rose by 154.39 per cent or N17.6 to close at N29 per share from N11.4; Diamond Bank Plc opened at N2.01 per share, rising by 145.77 per cent to close at N4.94 per share.
Other share price gainers include: GlaxoSmithKline Nigeria Plc N22.3; Access Bank Plc N4.01, United Bank for Africa Plc N1.96; FBN Holding Plc N6.65; Nestle Nigeria Plc N276.62; Guaranty Trust Bank Plc N8.88; Unilever Nigeria Plc N17.5; Fidelity Bank Plc N0.86; Dangote Flourmill Plc N2.97; Nigeria Breweries Plc N51.97, among others.
In 2011, out of the 30 Blue Chips stocks on the Index, six (6) closed the year with positive figure while the remaining twenty-four (24) closed negative.
Top gainers on the 2011 list are Union Bank of Nigeria Plc; Guinness Nigeria Plc, Nigerian Breweries, Nestle Nigeria Plc and Unilever Nigeria plc; while the top losers are Diamond Bank Plc, United Bank for Africa Plc, UBA, Dangote Flour Plc, Dangote Sugar Refinery Plc and Ashaka Cement Plc. The NSE 30 Index recorded 16.06 per cent losses in 2011 as ASI also recorded per cent 17.42 per cent losses in the same period.
The NSE Banking Sector was the 2nd best performing index, giving a return of more than 23.47 per cent in the year 2012. The Bank Index went up from 275.07 on January 3, 2012 to 339.63 points on December 31, 2012.