Investors, last week staked N155.72 billion on Federal Government of Nigeria’s (FGN) bond in the Over-the-Counter (OTC) bond market, representing an appreciation of 9.06 per cent from N142.779 billion recorded in the preceding week.

According to the analysis of transaction in the OTC bond market released by the Nigerian Stock Exchange (NSE), the improvement was brought about by a 6.34 per cent increase in turnover from 159.82 million recorded in the previous week to 169.96 million in the week under review.

Specifically, a turnover of 169.96 million units valued at N155.711 billion was recorded last week in 1,176 deals, in contrast to the previous week’s turnover of 159.82 million units valued at N142.779 billion exchanged in 1,349 deals.

The 7th FGN Bond 2030 Series 3 (10% FGN July 2030) enjoyed investors’ patronage, accounting for 23.36 per cent of total transaction in the sector, with 39.7 million units valued at N31.111 billion in 372 deals.

It was followed by 5th FGN Bond 2013 Series 1 (9.45% FGN January 2013), with the exchange of 39.2 million units valued at N39.47 billion in 195 deals.

Of the 32 FGN bonds available, 13 enjoyed investors’ patronage, compared to 12 in the preceding week.
However, there were no transactions in the Federal Government Development Stocks, State Government Bonds and Industrial Loans/Preference Stocks sectors.

Companies scorecard and forecasts Paints & Coatings Manufacturers Nigeria Plc: Audited result for the year ended 31st December 2010 shows turnover of N1.257 billion, as against N555.52 million in the comparable period of 2009. Profit after tax stood at N106.67 million compared with a Profit after tax of N17.8 million in 2009.

The Net Asset Value stood at N951.22 million compared with N876.39 million in December 2009. The Board of Directors is recommending a dividend of N0.06 per share. The date of closure of registers of members is March 23, 2011 while payment date is June 15, 2011.

The Annual General Meeting is scheduled to hold on Thursday, May 12, 2011 at a place and time to be advised later.

Hallmark Paper Products Plc: Audited result for the year ended 31st December 2009 shows Turnover of N70.95 million, as against N79.17 million in the comparable period of 2008. Loss after tax stood at N22.41 million compared with N16.81 million in 2008. The Net Asset Value stood at N6.49 million compared with N28.9 million in December 2008.

Mutual Benefits Assurance Plc: Unaudited result for the year ended 30th September 2010 shows Gross premium of N4,306.01 million, as against N3,259.04 million in the comparable period of 2009. Profit after tax stood at N779.98 million compared with N379.15 million in 2009. The Net Asset Value stood at N5,291.53 million compared with N4,511.55 million in December 2009.

Deap Capital Management & Trust Plc: Audited result for the year ended 30th September 2010 shows Turnover of N656.1 million, as against N700.06 million in the comparable period of 2009. Loss after tax stood at N1,580.9 million compared with N2,113.77 million in 2009. The Net Asset Value stood at N3,864.39 million compared with N5,336.84 million in September 2009.

Tantalizers Plc: The Company forecasts Turnover of N1,412.87 million and Profit after tax of N51.43 million during the first quarter ending June 30, 2011.

Red Star Express Plc: The Company forecasts Turnover of N1,240 million and Profit after tax of N98.47 million during the first quarter ending June 30, 2011.

Afromedia Plc: The Company forecasts Turnover of N1,112.06 million and Profit after tax of N121.34 million during the third quarter ending June 30, 2011.

Skye Bank Plc: The Company forecasts Gross Earnings of N48,296 million and Profit after tax of N7,202 million during the second quarter ending June 30, 2011.

Unity Bank Plc: The Company forecasts Gross Earnings of N11,056.77 million and Profit after tax of N1,062.89 million during the second quarter ending June 30, 2011.

International Wapic Insurance Plc: The Company forecasts Gross Premium of N1,216.44 million and Profit before tax of N173.61 million during the second quarter ending June 30, 2011.

Total Nigeria Plc: The Company forecasts Turnover of N38,899.88 million and Profit after tax of N825.56 million during the second quarter ending June 30, 2011.

Mrs Oil Nigeria Plc: The Company forecasts Turnover of N53,706.45 million and Profit after tax of N1,159.87 million during the second quarter ending June 30, 2011.

African Petroluem Plc: The Company forecasts Turnover of N45,991.51 million and Profit after tax of N2,161.81 million during the second quarter ending June 30, 2011.

Glaxosmithkline Consumer (Nig) Plc: The Company forecasts Turnover of N4,927.92 million and Profit after tax of N531.32 million during the second quarter ending June 30, 2011.

Access Bank Plc: The Company forecasts Gross Earnings of N24,571.87 million and Profit after tax of N2,572.96 million during the second quarter ending June 30, 2011.

Evans Medical Plc: The Company forecasts Turnover of N1,558.59 million and Profit after tax of N27.09 million during the second quarter ending June 30, 2011.

Scoa Nigeria Plc: The Company forecasts Turnover of N317.38 million and Profit after tax of N5.78 million during the second quarter ending June 30, 2011.

Associated Bus Company Plc: The Company forecasts Turnover of N1,366.89 million and Profit after tax of N56 million during the second quarter ending June 30, 2011.

Vitafoam Nigeria Plc: The Company forecasts Turnover of N10,404.78 million and Profit after tax of N640.55 million during the third quarter ending June 30, 2011.

University Press Plc: The Company forecasts Turnover of N131.75 million and Loss before tax of N92.68 million during the first quarter ending June 30, 2011.

Dangote Flour Mills Plc: The Company forecasts Turnover of N24,013.51 million and Profit after tax of N2,548.76 million during the first quarter ending March 31, 2011.