Others include UBA Capital, Custodian and Allied Insurance, Presco, Mansard Insurance and Learn Africa.
Fidson Healthcare,listed on the pharmaceuticals sector of the Nigerian Stock Exchange, NSE, led the pack with 15 percent or N0.30 per share price appreciation from N2.00 it started the week with to N2.30. Fidson attained a significant height in the healthcare industry when it emerged the first indigenous pharmaceutical company to manufacture anti-retroviral drug.
The drug, known as Virex Anti-retroviral, was 100 percent formulated and manufactured in Nigeria. The company’s financial statement for the year ended 31st December, 2012, showed that it recorded152 percent increase in profit after tax toN540 million from N214 million in 2011. 12 kobo dividend pay-out is being proposed by the board of directors, which is subject to shareholders approval at the next Annual General Meeting.
Year-to-date, the share price has risen by 277.05 percent from N0.61 at the beginning of the year to N2.30 at close of trading on Friday.
Red Star, listed in courier/freight/delivery sector emerged second with price gain of 8.71 percent or N0.40 from N4.59 to N4.99 per share. It is a logistics solution provider, offering services in transportation, warehousing and other supply chain management. In line with world’s best practices and commitment to sustainable development, Red Star, recently embraced the use of bio-degradable polythene envelopes as its official flyers.
The stock price has risen by 127.85 percent year-to-date from N2.19 to the present market price. It had risen to N5.10 before relapsing to N4.99, the closing price as at Friday, 21 June, 2013.
Portland Paints, the third on the top 10 gainers last week, is listed in the building materials sector, and markets the SANDTEX range of paint products. The company’s paints are classified into Decorative, General Industrial and Auto Refinishes. The share price rose by 6.82 percent or N0.27 from N3.96 to N4.23 per share. UACN recently acquired majority stake in the company, a partnership that was meant to deepen Portland’s presence in the paint industry.
Already, the stock price has risen by 86.34 percent from year low of N2.27 to the present market price. It had previously risen to N5.90.
Courteville is listed on computer based sector of the NSE and provides Auto Registration Solutions. The company recently declared intension to invest $5million in the next five years to pursue expansion to Caribbean countries.
Following strong argument recently by the Managing Director, Mr. Bola Akindele, that CBS is not a 50kobo stock, the stock had taken a turn for the better, rising to N0.80 at the close of business last week from N0.75 per share. It had previously risen to N0.96.
The first quarter financial results for period ended 31st March, 2013, showed a 22 percent growth in its profit after tax from N245.3million in 2011 to N298.3million in 2012. Turnover rose by 33.78 percent from N233.97 million in 2012 to N313.01 million in the review period.
ASL rose by 6.12 percent or N0.30 from N4.90 at the beginning of the week to N5.20 to close as the fifth top price gainers.
Listed in transport-related services sector, ASL provides in-flight catering services to local and international airlines. Year-to-date, the share price has risen by 285.83 percent from N1.27 to N4.90.
UBA Capital’s share price rose by 5.88 percent or N0.07 to close at N1.26 from N1.19; Custodian & Allied Insurance gained 5.77 percent or N0.09 to close at N1.65 from N1.56. Presco added 5.57 percent or N1.95 to its share price from N35.00 to N36.95, while Mansard and Learn Africa went up by 5.50 percent or N0.12 to close at N2.30 from N2.18 and 3.95 percent or N0.07 to close at N1.84 from N1.77 per share respectively.
0 comments:
Post a Comment