Guinness Nigeria Plc gets New Non-Executive Director & Company Secretary
The Boards and management of the Guinness Nigeria Plc (Guinness Nigeria” or “the Company”) has notified the investing community through The Nigerian Stock Exchange that at its Board meeting held on Friday, January 29, 2016 resulted to approval of the appointment of Mrs. Omobola Johnson as a non- executive director of the Company.
The appointment of Mrs. Omobola Johnson as a Non- Executive Director of the Company.
An experienced ICT policy professional, Mrs. Johnson brings to the Board of Directors over 30 years of experience from both the private and public sectors of the Nigerian economy.
In the same vein: The Board of Directors of the Company approved the appointment of Rotimi Odusola as the Company Secretary effective immediately.
In his role as Company Secretary, Rotimi will guide and support the Board of Directors of Guinness Nigeria in ensuring compliance with legal and statutory requirements. He will also continue to provide strategic leadership to the legal function ensuring delivery of excellent commercial and pragmatic legal support to the company.
Wapic Insurance Plc Has Passed Resolutions
The Boards and management of The company from the Meeting of Board of Directors – Wapic Insurance Plc (“Wapic Insurance’’ or ‘’the Company’’) notified The Nigerian Stock Exchange that at the meeting of its Board of Directors held on January 29, 2016, the following resolutions were passed:
The Board of Directors approved the 2015 Audited Financial of the Company for submission to the National Insurance Commission (NAICOM).
That the Board of Directors of the company approved the payment of dividend to shareholders, subject to the approval of the Company’s 2015 Audited Financial by NAICOM.
That the trading closed period for the directors and related parties have commenced from January 29, 2016.
The Company states that further information regarding the 2015 Audited Financial shall be communicated to The Exchange and investing public upon receipt of the anticipated NAICOM approval.
Also a weekly stock market report for February 5th, 2016, shown the equities a turnover of 5.087 billion shares worth N18.487 billion in 16,711 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.133 billion shares valued at N9.463 billion that exchanged hands last week in 16,680 deals.
The Financial Services Industry (measured by volume) led the activity chart with 4.896 billion shares valued at N11.396 billion traded in 9,840 deals; thus contributing 96.25% and 61.64% to the total equity turnover volume and value respectively. The Conglomerates followed with 78.909 million shares worth N211.328 million in 604 deals. The third place was occupied by the Industrial Goods Industry with a turnover of 38.917 million shares worth N4.185 billion in 1,010 deals.
Trading in the Top Three Equities namely – Wema Bank Plc, FBN Holdings Plc and Zenith International Bank Plc, and.(measured by volume) accounted for 4.261 billion shares worth N8,548 billion in 3,763 deals, contributing 83.76% and 46.24 % to the total equity turnover volume and value respectively.
ETPs
Also traded during the week were a total of 34,089 units of Exchange Traded Products (ETPs) valued at N604,908.34 executed in 34 deals, compared with a total of 183,064 units valued at N1.552 million transacted last week in 34 deals.
BONDS
A total of 4,190 units of Federal Government Bonds valued at N4.884 million were traded in 5 deals, compared with a total of 120,100 units valued at N142.951 million transacted last week in 5 deals.
INDEX MOVEMENT
The NSE All-Share Index and Market Capitalization depreciated by 1.73% to close the week at 23,501.87 and N8.083 trillion respectively.
Similarly, all other Indices finished lower during the week, with the exception of the NSE ASeM Index, NSE Insurance Index, and the NSE Oil/Gas Index that appreciated by 0.07%, 0.86% and 4.02% respectively.
SUMMARY OF PRICE CHANGES
Thirty (30) equities appreciated in price during the week, lower than Thirty-eight (38) equities of the previous week. Forty (40) equities depreciated in price, higher than Twenty-nine (29) equties of the previous week, while one hundred and twenty (120) equities remained unchanged, lower than one hundred and twenty-three (123) equities recorded in the previous week.
