NSE lists Delta N50bn bond

The Nigerian Stock Exchange has listed the Delta State Governments N50bn on the Daily Official List.According to the NSEs report for the week ended December 9, 2011, the 14 per cent bond, which is due in year 2018, was listed on Thursday.According to this report, by this action, the number of the state government bonds on the official list has increased to 10.Also, a total of 1.73bn shares of 50 kobo each at 50 kobo per shares were added to the issued shares of Sovereign Trust Insurance Plc on the conclusion of its Rights Issue, while 2.48bn shares of $0.025 each at N10 per share were added to the issued shares of Ecobank Transnational Incorporated Plc.According to the NSE report, the shares were added following ETIs acquisition of Oceanic Bank International Bank Plc.It also noted that following the merger between Sterling Bank Plc and Equitorial Trust Bank Limited, a total of 3.14bn shares of 50 kobo at N1.00 per share were added to the issued share capital of Sterling Bank.In the Over-the-Counter Bond market, a turnover of 128.43 million units, worth N115.28m were exchanged last week in 983 deals, compared to 182.921 million units, valued at N162.37bnn exchanged the previous week, in 1,492 transactions.According the report, the most active bond measured in terms of volume was the 8th FGN Bond 2014 Series 1 Bond, with a traded volume of 46.65 million units, worth N43bn traded in 439 deals.This was followed by the 5.5 per cent FGN February 2013 Bond with a volume of 38.8 million units, valued at N35.12bn in 363 deals.The report noted that 19 of the available 27 FGN Bonds were exchanged during the week, compared with 18 traded the preceding week.In all, 21 equities appreciated in price last week, with Guinness Nigeria Plc leading the chart with a gain of N10.99 or 5.4 per cent to close at N216 per share.Nigerian Breweries Plc followed on the price gainers chart, rising by N3.95 or N4.3 per cent to close at N95.95 per share.Other gainers included Lafarge Wapco Plc, which rose by 4.2 per cent and UACN Plc which gained 2.2 per cent.On the other hand, 39 stocks recorded price loss, with Total Nigeria Plc leading the chart with a loss of N2 to close at N198 per share while Julius Berger Nigeria Plc lost N1.92 or five per cent to N36.51 per share.
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